Twin City Island Spirits, Inc.
View this filing on EDGAR (filing index, accession 0001665160-24-001748) | All Form C filings by this company on EDGAR
Filing details
| Company | Twin City Island Spirits, Inc. | (Form C, issuer information) |
|---|---|---|
| State | VI | (Form C, issuer information) |
| Platform | StartEngine Primary, LLC | (Form C, issuer information) |
| Filing date | 2024-12-03 | (EDGAR filing index) |
| Date of incorporation | 2018-07-05 | (Form C, issuer information) |
| Employees | 23 | (Form C, issuer information) |
| Security offered | Common Stock | (Form C, offering information) |
| Price per security | $5 | (Form C, offering information) |
| Target amount | $14,999 | (Form C, offering information) |
| Maximum ask | $3,927,056 | (Form C, offering information) |
| Offering deadline | 2025-03-04 | (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 | $1,447,474 | $1,163,398 | (Form C, financial summary) |
| Cost of goods sold | $631,380 | $511,163 | (Form C, financial summary) |
| Net income | -$1,248,554 | -$1,261,279 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $979,922 | $322,365 | (Form C, financial summary) |
| Accounts receivable | $194,444 | $169,608 | (Form C, financial summary) |
| Total assets | $3,511,523 | $3,019,148 | (Form C, financial summary) |
| Short-term debt | $392,785 | $276,831 | (Form C, financial summary) |
| Long-term debt | $3,665,473 | $3,749,502 | (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: http://mutinyislandvodka.com
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