Modern Times Drinks, Inc.

Modern Times Drinks, Inc. logo via Clearbit

Profile

According to their SEC filings, Modern Times Drinks, Inc. is a Corporation organized in CA on 05-01-2017. They report having 225 employee(s), and revenue in their most-recent fiscal year of $19,234,987.00 and $14,856,950.00 the prior year.

Location

3725 Greenwood St

San Diego, CA 92110

Equity Crowdfunding Campaigns

Reg CF Offering from Modern Times Drinks, Inc. (Previous)

Campaign Details

According to their SEC filings, Modern Times Drinks, Inc. previously ran a Regulation Crowdfunding campaign to raise $50,187.80 (up to a maximum of $1,069,832.40) in Common Stock via Wefunder before a deadline of 04-30-2019.

As compensation for managing the offering, Wefunder reported being compensated as follows:

7.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.

In addition to any direct compensation, Modern Times Drinks, Inc. reported that Wefunder would also receive the following financial interest in the offering:

No

More information about this issuer may also be available via Crowditz.com, including information about weekly and aggregate investor commitments.

Financial Information

The following information is taken directly from SEC filings.

Income Statement Items

Most Recent Fiscal Year Prior Fiscal Year
Revenue $19,234,987.00 $14,856,950.00
Cost of Goods Sold $11,756,743.00 $7,703,935.00
Taxes Paid $108,066.00 $0.00
Net Income $-1,259,982.00 $2,690,861.00

Balance Sheet Items

Most Recent Fiscal Year Prior Fiscal Year
Total Assets $0.00 $0.00
Cash and Cash Equivalents $701,879.00 $2,167,017.00
Accounts Receivable $1,268,375.00 $1,014,866.00
Short-term Debt $4,252,583.00 $2,421,294.00
Long-term Debt $17,993,629.00 $2,281,551.00

Complete Reg CF filings list for Modern Times Drinks, Inc.

  • New Filing Form C

    [2019-04-05T18:49:16+00:00] Modern Times Drinks, Inc. filed a Form C to raise a target amount of $50,187.80 (up to a maximum of $1,069,832.40) of Common Stock via Wefunder.

    File number: 020-25293