Western Reserve Distillers LLC
View this filing on EDGAR (filing index, accession 0001841197-25-000002) | All Form C filings by this company on EDGAR
Filing details
| Company | Western Reserve Distillers LLC | (Form C, issuer information) |
|---|---|---|
| State | OH | (Form C, issuer information) |
| Platform | Honeycomb Portal LLC | (Form C, issuer information) |
| Filing date | 2025-09-18 | (EDGAR filing index) |
| Date of incorporation | 2014-04-01 | (Form C, issuer information) |
| Employees | 26 | (Form C, issuer information) |
| Security offered | Debt | (Form C, offering information) |
| Price per security | $1 | (Form C, offering information) |
| Target amount | $100,000 | (Form C, offering information) |
| Maximum ask | $500,000 | (Form C, offering information) |
| Offering deadline | 2025-12-01 | (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 | $3,131,692 | $2,552,430 | (Form C, financial summary) |
| Cost of goods sold | $2,029,390 | $1,665,182 | (Form C, financial summary) |
| Net income | $384,940 | $84,898 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $181,252 | $111,773 | (Form C, financial summary) |
| Accounts receivable | $104,528 | $32,056 | (Form C, financial summary) |
| Total assets | $3,996,114 | $4,059,422 | (Form C, financial summary) |
| Short-term debt | $795,861 | $926,444 | (Form C, financial summary) |
| Long-term debt | $3,232,019 | $3,342,039 | (Form C, financial summary) |
Mechanical checks that fired
- Related-party language. Related-party language appears in this offering's own Form C filing or in an amendment to it, in a sentence that states it rather than ruling it out. The phrase can describe routine or unusual arrangements, so read the quoted sentence and the filing. Found in: 0001841197-25-000002, 0001841197-25-000003.
"Canton, Ohio April 16, 2025 -2- DISTILLERY HOLDINGS, LLC AND SUBSIDIARY CONSOLIDATED STATEMENTS OF ASSETS, LIABILITIES, AND MEMBERS' CAPITAL - INCOME TAX BASIS December 31, 2024 and 2023 2024 ASSETS CURRENT ASSETS Cash Accounts receivable Inventory Related party receivable Total current assets $ PROPERTY, PLANT AND EQUIPMENT Land Building and improvements Distillery equipment Furniture and fixtures Restaurant equipment Office equipment Less accumulated depreciation OTHER ASSETS Organizational costs Research and development Startup costs Less: accumulated amortization $ 18"
"Canton, Ohio April 16, 2025 -2- DISTILLERY HOLDINGS, LLC AND SUBSIDIARY CONSOLIDATED STATEMENTS OF ASSETS, LIABILITIES, AND MEMBERS' CAPITAL - INCOME TAX BASIS December 31, 2024 and 2023 2024 ASSETS CURRENT ASSETS Cash Accounts receivable Inventory Related party receivable Total current assets $ PROPERTY, PLANT AND EQUIPMENT Land Building and improvements Distillery equipment Furniture and fixtures Restaurant equipment Office equipment Less accumulated depreciation OTHER ASSETS Organizational costs Research and development Startup costs Less: accumulated amortization $ 18"
- 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.
Want the weekly briefing? Subscribe free.