Lit Vodka

Lit Vodka

Early Stage

LIT: Live In Today

LIT: Live In Today

Overview

Raised this Round: Raised: $305,063

Total Commitments ($USD)

Platform

StartEngine

Start Date

10/02/2023

Close Date

01/01/2024

Min. Goal
$15,000
Max. Goal
$4,999,992
Min. Investment

$249

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.00

Pre-Money Valuation

$21,000,003

Year Founded

2018

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

Midland, Georgia

Business Type

Growth

Lit Vodka, with a valuation of $21 million, is raising funds on StartEngine. The company makes ultra-premium vodka that delivers luxury and excitement through its brand. Lit Vodka is American craft-made and perfected using a carbon-filtration process and distilled ten times for purity. The business has recorded exceptional sales since its launch with branding activities at concerts, sports venues, and league sports teams and has distribution in place with Tennessee Crown, Georgia Crown, and Lippman Brothers. Trinidad Villegas founded Lit Vodka in April 2018. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $5 million. The campaign proceeds will be used for working capital, marketing, and operations.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$75,228

$72,335

COGS

$23,998

$50,783

Tax

$0

$0

 

 

Net Income

$-222,363

$-199,029

Summary Balance Sheet

FY 2022 FY 2021

Cash

$21,048

$16,347

Accounts Receivable

$0

$6,847

Total Assets

$497,692

$500,596

Short-Term Debt

$497,692

$500,596

Long-Term Debt

$87,769

$86,192

Total Liabilities

$585,461

$586,788

Financials as of: 10/02/2023
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Lit Vodka on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $21,000,003
Price per Share: $3.00

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