About
Chef Todd Manley found an authentic ingredient true to the history of the island. Versatile and rich in history, breadfruit has a legacy that begins in Tahiti, had a role in the most famous mutiny tale ever told, and ultimately fed the populations of the Caribbean.
- Christiansted, United States of America
- Legal Name: Twin City ISLand Spirits, INC.
- Company ID: 117159505
- Year Founded: 2018
- Industry: Wine & Spirits
- Website: https://mutinyislandvodka.com
- SEC Filings
Highlights
$18M
CF Valuation
$1.1M
Total Raised
$1.5M
Revenue
23
Employees
Indicators
Profit Margin
-82.5%
(24.9%)
2022: -107.4%
Current Ratio
7.62
(17.8%)
2022: 6.47
Revenue Growth
Financials
| INCOME STATEMENT | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $1,497,474 | $1,163,398 | 29% |
| Cost of Goods Sold | -$631,380 | -$511,163 | 24% |
| Gross Profit | $866,094 | $652,235 | 33% |
| Other Costs | -$2,101,974 | -$1,901,436 | 11% |
| Taxes Paid | $0 | $0 | — |
| Net Income | -$1,235,880 | -$1,249,201 | -1% |
| BALANCE SHEET | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $979,921 | $322,365 | 204% |
| Accounts Receivable | $89,850 | $132,781 | -32% |
| Total Liquidity | $1,069,771 | $455,146 | 135% |
| Other Assets | $2,379,549 | $2,523,980 | -6% |
| Total Assets | $3,449,320 | $2,979,126 | 16% |
| Short Term debt | $452,649 | $460,787 | -2% |
| Long Term debt | $2,602,577 | $2,576,542 | 1% |
| Total Debt | $3,055,226 | $3,037,329 | 1% |
| Other Liabilities | $394,094 | -$58,203 | -777% |
| Total Liabilities | $3,449,320 | $2,979,126 | 16% |
Revenue Growth
Valuation Growth
Financials
| INCOME STATEMENT | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $1,497,474 | $1,163,398 | 29% |
| Cost of Goods Sold | -$631,380 | -$511,163 | 24% |
| Gross Profit | $866,094 | $652,235 | 33% |
| Other Costs | -$2,101,974 | -$1,901,436 | 11% |
| Taxes Paid | $0 | $0 | — |
| Net Income | -$1,235,880 | -$1,249,201 | -1% |
| BALANCE SHEET | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $979,921 | $322,365 | 204% |
| Accounts Receivable | $89,850 | $132,781 | -32% |
| Total Liquidity | $1,069,771 | $455,146 | 135% |
| Other Assets | $2,379,549 | $2,523,980 | -6% |
| Total Assets | $3,449,320 | $2,979,126 | 16% |
| Short Term debt | $452,649 | $460,787 | -2% |
| Long Term debt | $2,602,577 | $2,576,542 | 1% |
| Total Debt | $3,055,226 | $3,037,329 | 1% |
| Other Liabilities | $394,094 | -$58,203 | -777% |
| Total Liabilities | $3,449,320 | $2,979,126 | 16% |
| INCOME STATEMENT | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $1,497,474 | $1,163,398 | 29% |
| Cost of Goods Sold | -$631,380 | -$511,163 | 24% |
| Gross Profit | $866,094 | $652,235 | 33% |
| Other Costs | -$2,101,974 | -$1,901,436 | 11% |
| Taxes Paid | $0 | $0 | — |
| Net Income | -$1,235,880 | -$1,249,201 | -1% |
| BALANCE SHEET | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $979,921 | $322,365 | 204% |
| Accounts Receivable | $89,850 | $132,781 | -32% |
| Total Liquidity | $1,069,771 | $455,146 | 135% |
| Other Assets | $2,379,549 | $2,523,980 | -6% |
| Total Assets | $3,449,320 | $2,979,126 | 16% |
| Short Term debt | $452,649 | $460,787 | -2% |
| Long Term debt | $2,602,577 | $2,576,542 | 1% |
| Total Debt | $3,055,226 | $3,037,329 | 1% |
| Other Liabilities | $394,094 | -$58,203 | -777% |
| Total Liabilities | $3,449,320 | $2,979,126 | 16% |
| INCOME STATEMENT | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $1,497,474 | $1,163,398 | 29% |
| Cost of Goods Sold | -$631,380 | -$511,163 | 24% |
| Gross Profit | $866,094 | $652,235 | 33% |
| Other Costs | -$2,101,974 | -$1,901,436 | 11% |
| Taxes Paid | $0 | $0 | — |
| Net Income | -$1,235,880 | -$1,249,201 | -1% |
| BALANCE SHEET | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $979,921 | $322,365 | 204% |
| Accounts Receivable | $89,850 | $132,781 | -32% |
| Total Liquidity | $1,069,771 | $455,146 | 135% |
| Other Assets | $2,379,549 | $2,523,980 | -6% |
| Total Assets | $3,449,320 | $2,979,126 | 16% |
| Short Term debt | $452,649 | $460,787 | -2% |
| Long Term debt | $2,602,577 | $2,576,542 | 1% |
| Total Debt | $3,055,226 | $3,037,329 | 1% |
| Other Liabilities | $394,094 | -$58,203 | -777% |
| Total Liabilities | $3,449,320 | $2,979,126 | 16% |
| INCOME STATEMENT | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $1,497,474 | $1,163,398 | 29% |
| Cost of Goods Sold | -$631,380 | -$511,163 | 24% |
| Gross Profit | $866,094 | $652,235 | 33% |
| Other Costs | -$2,101,974 | -$1,901,436 | 11% |
| Taxes Paid | $0 | $0 | — |
| Net Income | -$1,235,880 | -$1,249,201 | -1% |
| BALANCE SHEET | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $979,921 | $322,365 | 204% |
| Accounts Receivable | $89,850 | $132,781 | -32% |
| Total Liquidity | $1,069,771 | $455,146 | 135% |
| Other Assets | $2,379,549 | $2,523,980 | -6% |
| Total Assets | $3,449,320 | $2,979,126 | 16% |
| Short Term debt | $452,649 | $460,787 | -2% |
| Long Term debt | $2,602,577 | $2,576,542 | 1% |
| Total Debt | $3,055,226 | $3,037,329 | 1% |
| Other Liabilities | $394,094 | -$58,203 | -777% |
| Total Liabilities | $3,449,320 | $2,979,126 | 16% |
Indicators
Profit Margin
-82.5%
(24.9%)
2022: -107.4%
Current Ratio
7.62
(17.8%)
2022: 6.47
Efficiency Ratio
42.2%
(-3.9%)
2022: 43.9%
Key figures
| INCOME STATEMENT | 2023 | 2022 |
|---|---|---|
| Revenue Growth | 29% | ∞ |
| Profit Margin | -82% | -107% |
| Current Ratio | 8% | 6% |
| Efficiency Ratio | 42% | 44% |
| Solvency Ratio | -40% | -41% |
| Debt Ratio | 89% | 102% |
Funding History
1 Funding Round
$1,124,070Total Raised
$17,971,627CF Valuation
—Valuation Growth
| ROUND | STATUS | CLOSE DATE | RAISED | PLATFORM | SECURITY | TERMS | GROWTH | REGULATION | DAYS OPEN | START DATE |
|---|---|---|---|---|---|---|---|---|---|---|
1. Closed | Closed | Jul 01, 2024 | $1,124,070 | StartEngine | Equity | $18M valuation | — | SEC Reg CF | 29 days | Jun 02, 2024 |
