First Light Coffee Whiskey
Early Stage
Distillery
Overview
Raised: $2,400
Total Commitments ($USD)
Platform
Honeycomb
Start Date
01/07/2024
Close Date
03/17/2024
Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$7,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
03/17/2024
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$35
# of Investors
8
Momentum
Not Funded
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Year Founded
2020
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
Low
First Light Coffee Whiskey, with a valuation of $7 million, is raising funds on Honeycomb. It is a craft spirits brand based in Oceanside, California. First Light Coffee Whiskey’s flagship product is a coffee-flavored whiskey made using real coffee extract and all-natural ingredients. The business also cares for the community and the planet and has won over 15 awards for its innovative and high-quality products. Ryan Espinoza founded First Light Coffee Whiskey in January 2020. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for payroll, production overheads, marketing campaigns, multi-state expansion, and the development and production of ready-to-drink canned cocktails.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$53,903 |
$14,879 |
|
COGS |
$21,721 |
$7,576 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-447,725 |
$79,131 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$390,304 |
$42,159 |
|
Accounts Receivable |
$1,824 |
$0 |
|
Total Assets |
$537,142 |
$176,725 |
|
Short-Term Debt |
$7,172 |
$19,417 |
|
Long-Term Debt |
$750,000 |
$0 |
|
Total Liabilities |
$757,172 |
$19,417 |
Financials as of: 01/07/2024
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