Freeland Spirits LLC
View this filing on EDGAR (filing index, accession 0001743321-25-000002) | All Form C filings by this company on EDGAR
Filing details
| Company | Freeland Spirits LLC | (Form C, issuer information) |
|---|---|---|
| State | OR | (Form C, issuer information) |
| Platform | Wefunder Portal LLC | (Form C, issuer information) |
| Filing date | 2025-12-22 | (EDGAR filing index) |
| Date of incorporation | 2017-06-17 | (Form C, issuer information) |
| Employees | 9 | (Form C, issuer information) |
| Security offered | Other Convertible Note | (Form C, offering information) |
| Price per security | $1 | (Form C, offering information) |
| Target amount | $50,000 | (Form C, offering information) |
| Maximum ask | $1,235,000 | (Form C, offering information) |
| Offering deadline | 2026-04-30 | (Form C, offering information) |
| Platform compensation | 7.0% 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. | (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 | $2,585,386 | $2,506,228 | (Form C, financial summary) |
| Cost of goods sold | $1,763,064 | $1,579,642 | (Form C, financial summary) |
| Net income | -$1,667,013 | -$1,521,211 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $565,016 | $284,538 | (Form C, financial summary) |
| Accounts receivable | $108,036 | $223,139 | (Form C, financial summary) |
| Total assets | $3,567,826 | $3,686,194 | (Form C, financial summary) |
| Short-term debt | $834,740 | $3,656,328 | (Form C, financial summary) |
| Long-term debt | $876,877 | $1,132,688 | (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.
A check means "read this part of the filing closely." It is not a judgment about how the company will do.
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