Etowah Meadery, Corp.
View this filing on EDGAR (filing index, accession 0002063604-25-000121) | All Form C filings by this company on EDGAR
Filing details
| Company | Etowah Meadery, Corp. | (Form C, issuer information) |
|---|---|---|
| State | GA | (Form C, issuer information) |
| Platform | Honeycomb Portal LLC | (Form C, issuer information) |
| Filing date | 2025-06-13 | (EDGAR filing index) |
| Date of incorporation | 2016-07-12 | (Form C, issuer information) |
| Employees | 7 | (Form C, issuer information) |
| Security offered | Common Stock | (Form C, offering information) |
| Price per security | $2 | (Form C, offering information) |
| Target amount | $50,000 | (Form C, offering information) |
| Maximum ask | $120,000 | (Form C, offering information) |
| Offering deadline | 2025-07-18 | (Form C, offering information) |
| Platform compensation | 8.5% of the total offering amount upon a successful raise. Platform Fee corresponding to selected level of service. 3% investment fee capped at $50. Credit Card: 4.5%, capped at $1,000. Honeycomb Wallet: 0%; Hybrid (HW + ACH): 2%, capped at $30 | (Form C, offering information) |
Financial summary
Figures are as entered by the company in the financial summary on the cover of its Form C. They are self-reported and unaudited, and they are not taken from the financial statements filed as exhibits to the Form C, which we do not read mechanically.
| Item | Most recent fiscal year | Prior fiscal year | Source |
|---|---|---|---|
| Revenue | $490,476 | $1,108,961 | (Form C, financial summary) |
| Cost of goods sold | $104,044 | $220,100 | (Form C, financial summary) |
| Net income | -$280,520 | -$113,042 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $18,844 | $58,437 | (Form C, financial summary) |
| Accounts receivable | $15,000 | $15,000 | (Form C, financial summary) |
| Total assets | $502,631 | $618,096 | (Form C, financial summary) |
| Short-term debt | $38,941 | $35,428 | (Form C, financial summary) |
| Long-term debt | $1,119,080 | $1,090,398 | (Form C, financial summary) |
Mechanical checks that fired
- Net loss in both years. Net income is negative in both fiscal years reported in the Form C financial summary.
- Cash below one year of losses. Net loss for the most recent fiscal year is larger than year-end cash, both as reported in the Form C financial summary.
- Debt above assets. Short-term plus long-term debt is larger than total assets in the Form C financial summary.
- Platform compensation of 8% or more. The platform compensation stated in the Form C is 8% or more of the offering.
A check means "read this part of the filing closely." It is not a judgment about how the company will do.
Company website as listed in the Form C: https://linktr.ee/DrinkEtowah
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