Octonia Stone Brew Works
Brewery
Overview
Raised: $50,000
Total Commitments ($USD)
Platform
Honeycomb
Start Date
05/30/2023
Close Date
07/14/2023
Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment
$250
Security Type
Debt
SEC Filing Type
RegCF
Interest Rate
14.00%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,136
# of Investors
56
Momentum
Funded
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Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Location
STANARDSVILLE, Virginia
Octonia Stone Brew Works is raising funds on Honeycomb. It is a brewery in Virginia that makes high-quality alcohol and malt beverages using locally-sourced ingredients. The alcoholic beverages, including the fresh and innovative beers of Octonia Stone Brew Works, are flavorful and contain varied levels of alcohol. Jeffrey Hittinger founded Octonia Stone Brew Works in January 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used for equipment, outdoor seating, landscaping, fire pit and seating, parking area, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$62,732 |
$92,936 |
|
COGS |
$7,369 |
$21,592 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$3,883 |
$917 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$884 |
$956 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$9,632 |
$5,798 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 05/30/2023
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