Overview
Raised: $150,000
Total Commitments ($USD)
Platform
Honeycomb
Start Date
08/26/2020
Close Date
10/08/2020
Min. Goal
$50,000
Max. Goal
$150,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.60X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/31/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,571
# of Investors
136
Momentum
Funded
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Year Founded
2012
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Aurochs Brewing Company, a brewery in Pennsylvania and Washington DC, is raising funds on Honeycomb. The brewery makes great-tasting gluten-free craft beer. The beers are brewed with millet, quinoa, and other gluten-free ingredients. They are sold through direct walk-up sales to the tasting rooms or through wholesalers. Ryan Bove and Doug Foster founded Aurochs Brewing Company in 2012. The current crowdfunding round has a minimum raise of $50,000 and a maximum raise of $150,000. The funds will be used to expand distribution, release new products, implement cost reductions, and decrease debt. Aurochs Brewing Company has won several national brewing awards and has reported a 40% growth from 2018 to 2019.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$284,591 |
$202,538 |
|
COGS |
$148,585 |
$116,046 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-478,333 |
$-598,948 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$142,197 |
$82,796 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$819,502 |
$863,216 |
|
Short-Term Debt |
$121,978 |
$113,498 |
|
Long-Term Debt |
$201,532 |
$858,086 |
|
Total Liabilities |
$323,510 |
$971,584 |
Financials as of: 08/26/2020
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