Lonerider Spirits, LLC
View this filing on EDGAR (filing index, accession 0001665160-25-000055) | All Form C filings by this company on EDGAR
Filing details
| Company | Lonerider Spirits, LLC | (Form C, issuer information) |
|---|---|---|
| State | NC | (Form C, issuer information) |
| Platform | StartEngine Primary, LLC | (Form C, issuer information) |
| Filing date | 2025-01-14 | (EDGAR filing index) |
| Date of incorporation | 2018-05-02 | (Form C, issuer information) |
| Employees | 3 | (Form C, issuer information) |
| Security offered | Other CF Units | (Form C, offering information) |
| Price per security | $3 | (Form C, offering information) |
| Target amount | $123,999 | (Form C, offering information) |
| Maximum ask | $123,999 | (Form C, offering information) |
| Offering deadline | 2025-04-14 | (Form C, offering information) |
| Platform compensation | 7 - 13 percent | (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 | $487,826 | $243,499 | (Form C, financial summary) |
| Cost of goods sold | $172,424 | $145,777 | (Form C, financial summary) |
| Net income | -$240,657 | -$308,996 | (Form C, financial summary) |
| Taxes paid | $0 | $1,155 | (Form C, financial summary) |
| Cash and equivalents | -$39,213 | $10,703 | (Form C, financial summary) |
| Accounts receivable | -$45,378 | $11,976 | (Form C, financial summary) |
| Total assets | $330,646 | $304,452 | (Form C, financial summary) |
| Short-term debt | $34,744 | $53,902 | (Form C, financial summary) |
| Long-term debt | $708,785 | $389,896 | (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://loneriderspirits.com/
Want the weekly briefing? Subscribe free.