About
—
- Olympia, United States of America
- Legal Name: Three MAGnets Brewing Company
- Company ID:
- Year Founded: —
- Industry: Food Production
- Website: —
- SEC Filings
Highlights
$5M
CF Valuation
$0
Total Raised
$543.1K
Revenue
4
Employees
Indicators
Profit Margin
-63.5%
(-21.9%)
2022: -41.6%
Current Ratio
0.07
(-88.9%)
2022: 0.63
Revenue Growth
Financials
| INCOME STATEMENT | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $543,096 | $1,158,093 | -53% |
| Cost of Goods Sold | -$322,905 | -$522,642 | -38% |
| Gross Profit | $220,191 | $635,451 | -65% |
| Other Costs | -$564,872 | -$1,117,195 | -49% |
| Taxes Paid | $0 | $0 | — |
| Net Income | -$344,681 | -$481,744 | -28% |
| BALANCE SHEET | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $11,818 | $301,905 | -96% |
| Accounts Receivable | $0 | $2,468 | -100% |
| Total Liquidity | $11,818 | $304,373 | -96% |
| Other Assets | $34,585 | $50,019 | -31% |
| Total Assets | $46,403 | $354,392 | -87% |
| Short Term debt | $656,229 | $561,276 | 17% |
| Long Term debt | $952,461 | $1,010,722 | -6% |
| Total Debt | $1,608,690 | $1,571,998 | 2% |
| Other Liabilities | -$1,562,287 | -$1,217,606 | 28% |
| Total Liabilities | $46,403 | $354,392 | -87% |
Revenue Growth
Financials
| INCOME STATEMENT | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $543,096 | $1,158,093 | -53% |
| Cost of Goods Sold | -$322,905 | -$522,642 | -38% |
| Gross Profit | $220,191 | $635,451 | -65% |
| Other Costs | -$564,872 | -$1,117,195 | -49% |
| Taxes Paid | $0 | $0 | — |
| Net Income | -$344,681 | -$481,744 | -28% |
| BALANCE SHEET | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $11,818 | $301,905 | -96% |
| Accounts Receivable | $0 | $2,468 | -100% |
| Total Liquidity | $11,818 | $304,373 | -96% |
| Other Assets | $34,585 | $50,019 | -31% |
| Total Assets | $46,403 | $354,392 | -87% |
| Short Term debt | $656,229 | $561,276 | 17% |
| Long Term debt | $952,461 | $1,010,722 | -6% |
| Total Debt | $1,608,690 | $1,571,998 | 2% |
| Other Liabilities | -$1,562,287 | -$1,217,606 | 28% |
| Total Liabilities | $46,403 | $354,392 | -87% |
| INCOME STATEMENT | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $543,096 | $1,158,093 | -53% |
| Cost of Goods Sold | -$322,905 | -$522,642 | -38% |
| Gross Profit | $220,191 | $635,451 | -65% |
| Other Costs | -$564,872 | -$1,117,195 | -49% |
| Taxes Paid | $0 | $0 | — |
| Net Income | -$344,681 | -$481,744 | -28% |
| BALANCE SHEET | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $11,818 | $301,905 | -96% |
| Accounts Receivable | $0 | $2,468 | -100% |
| Total Liquidity | $11,818 | $304,373 | -96% |
| Other Assets | $34,585 | $50,019 | -31% |
| Total Assets | $46,403 | $354,392 | -87% |
| Short Term debt | $656,229 | $561,276 | 17% |
| Long Term debt | $952,461 | $1,010,722 | -6% |
| Total Debt | $1,608,690 | $1,571,998 | 2% |
| Other Liabilities | -$1,562,287 | -$1,217,606 | 28% |
| Total Liabilities | $46,403 | $354,392 | -87% |
| INCOME STATEMENT | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $543,096 | $1,158,093 | -53% |
| Cost of Goods Sold | -$322,905 | -$522,642 | -38% |
| Gross Profit | $220,191 | $635,451 | -65% |
| Other Costs | -$564,872 | -$1,117,195 | -49% |
| Taxes Paid | $0 | $0 | — |
| Net Income | -$344,681 | -$481,744 | -28% |
| BALANCE SHEET | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $11,818 | $301,905 | -96% |
| Accounts Receivable | $0 | $2,468 | -100% |
| Total Liquidity | $11,818 | $304,373 | -96% |
| Other Assets | $34,585 | $50,019 | -31% |
| Total Assets | $46,403 | $354,392 | -87% |
| Short Term debt | $656,229 | $561,276 | 17% |
| Long Term debt | $952,461 | $1,010,722 | -6% |
| Total Debt | $1,608,690 | $1,571,998 | 2% |
| Other Liabilities | -$1,562,287 | -$1,217,606 | 28% |
| Total Liabilities | $46,403 | $354,392 | -87% |
Indicators
Profit Margin
-63.5%
(-21.9%)
2022: -41.6%
Current Ratio
0.07
(-88.9%)
2022: 0.63
Efficiency Ratio
59.5%
(31.9%)
2022: 45.1%
Key figures
| INCOME STATEMENT | 2023 | 2022 |
|---|---|---|
| Revenue Growth | -53% | ∞ |
| Profit Margin | -64% | -42% |
| Current Ratio | 0% | 1% |
| Efficiency Ratio | 60% | 45% |
| Solvency Ratio | -21% | -31% |
| Debt Ratio | 3,467% | 444% |
Funding History
1 Funding Round
$178,163Total Raised
$5,000,000CF Valuation
—Valuation Growth
| ROUND | STATUS | CLOSE DATE | RAISED | PLATFORM | SECURITY | TERMS | GROWTH | REGULATION | DAYS OPEN | START DATE |
|---|---|---|---|---|---|---|---|---|---|---|
1. Open | Open | — | $178,163 | StartEngine | Equity | $5M valuation | — | SEC Reg CF | 31 days | Nov 21, 2024 |
