Skeptic Distillery Co.
Award-Winning, Fresh, Smooth, Natural Spirits. Be Curious. Drink Skeptic.
Overview
Raised: $114,854
Total Commitments ($USD)
Platform
Wefunder
Start Date
11/01/2019
Close Date
04/17/2020
Min. Goal
$50,000
Max. Goal
$500,000
Min. Investment
$100
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/03/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$684
# of Investors
171
Momentum
Funded
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Year Founded
2014
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Skeptic Distillery, the creator of fresh and smooth natural spirits, is raising funds on WeFunder. The company retains the freshness of its ingredients by using the cold vacuum distillation process. The spirits of Skeptic Distillery, mainly vodka and gin, do not contain sugar or other additives and are sold at various bars, restaurants, online, and stores. Skeptic Distillery was founded by Karl C Loepke and has raised $415,711 since its inception. The current crowdfunding round has a minimum target of $250,000 and a maximum target of $500,000, and the funds will be used towards equipment, raw materials, inventory, tasting-room buildout, facility improvement, and operating capital. Skeptic Distillery generated $53,000 in revenues in the past 12 months and expects to reach breakeven next year.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$36,792 |
$0 |
|
COGS |
$8,842 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-63,629 |
$1,147 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$5,240 |
$12,090 |
|
Accounts Receivable |
$27,888 |
$0 |
|
Total Assets |
$209,183 |
$89,175 |
|
Short-Term Debt |
$6,027 |
$6,122 |
|
Long-Term Debt |
$285,115 |
$101,383 |
|
Total Liabilities |
$291,142 |
$107,505 |
Financials as of: 11/01/2019
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