Overview
Raised: $73,400
Total Commitments ($USD)
Platform
MainVest
Start Date
09/19/2021
Close Date
01/12/2022
Min. Goal
$20,000
Max. Goal
$120,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$644
# of Investors
87
Momentum
Funded
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Year Founded
2017
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
5th Element Brewing is raising funds on MainVest. It is a craft nano-brewery located in Leander, Texas. The brewery aims to house its production facilities and brewpub in a historic building in old town Leander to retain the old flavor of the town. 5th Element Brewing is focused on good beer, good people, and good life and plans to craft beers, including Red Horn, Humble Pint, Oasis, Whitestone, and Bluebonnet. Michael Brune and Kimberly DeStefano founded 5th Element Brewing in April 2017. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $60,000. The campaign proceeds will be used to complete renovations, upgrade electrical power, and have working capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 09/19/2021
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