Hangman Brewing Company
Brewery
Overview
Raised: $0
Total Commitments ($USD)
Platform
Honeycomb
Start Date
11/14/2023
Close Date
12/13/2023
Min. Goal
$25,000
Max. Goal
$75,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
11.50%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/03/2023
Days Remaining
10
% of Min. Goal
0%
% of Max. Goal
0%
Likelihood of Max
Avg. Daily Raise
$0
Momentum
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Year Founded
2020
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Hangman Brewing Company is raising funds on Honeycomb. It is a brewery and taproom in Claymont, Delaware that offers keg distribution to restaurants in Delaware. Hangman Brewing Company also serves as a space for socializing with its unlimited events, including live music, sports on television, and an outdoor area for cornhole. The business has a loyal customer base and was awarded “Best Beer” for its Raspberry Kettle Sour beer at a home brewing contest in Delaware. Brad Wagner founded Hangman Brewing Company in March 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $75,000. The campaign proceeds will be used for paying the assistant brewer, capital for the cost of goods, refinancing high-interest debt, and purchasing a canning machine for distribution.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$67,336 |
$0 |
|
COGS |
$20,238 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-7,127 |
$-7,502 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$6,612 |
$7,459 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$24,859 |
$12,206 |
|
Short-Term Debt |
$351,039 |
$301,777 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$351,039 |
$301,777 |
Financials as of: 11/14/2023
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