is armed forces brewing company, a good investment

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is armed forces brewing company, a good investment

It is currently distributed in 14 states and Washington D.C., with plans to expand nationwide.The investment potential of Armed Forces Brewing Company lies in its strong foundation, passionate team, and commitment to giving back to the military community. the updated standard will have on the financial statements and related disclosures. The Company complies with the requirements of ASC 340-10. Each investor should consult their tax professional prior to investing. The Company may have to engage in common equity, debt, or preferred stock financings in the future. The Company is current with its foreign, U.S. federal and state income tax filing obligations and is not currently under examination from any taxing authority. Press Esc to cancel. The company has seen a surge in popularity in recent years, and its products are some of the most popular on the market. Payments of trade receivables are allocated to the specific invoices identified on the customers remittance advice or, if unspecified, are applied to the earliest unpaid invoice. THE SECURITIES DESCRIBED IN THIS OFFERING CIRCULAR HAVE NOT BEEN REGISTERED UNDER ANY STATE SECURITIES LAWS (COMMONLY CALLED "BLUE SKY" LAWS). The Companys operations to date have been funded by the founders and initial investors. There is no minimum number of Shares that needs to be sold in order for funds to be released to the Company and for this Offering to hold its first closing. If such an extension of the Offering is to occur, an appropriate filing will be made with the SEC to provide notification of the extension. Armed Forces Brewing Company manufactures beers that tribute the service of our brave warriors in the US Military. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. These laws and regulations may restrict or prohibit a wide range of pricing, discounting, marketing and promotion, sales commission, customer incentive programs and other business arrangements. In addition, courts outside the United States are sometimes less willing to protect trade secrets. The Companys independent auditors have raised doubts about the Companys ability to continue as a going concern. Revenue. Instead, lets talk about the beer and the breweries involved, which is probably a good idea since the whole goal of the clip is to get you to invest in the venture. Furthermore, the issuance by us of any additional securities pursuant to any future fundraising activities undertaken by us would dilute the ownership of existing Shareholders and may reduce the price of the Shares. Money laundering occurs in connection with a wide variety of crimes, including illegal arms sales, drug trafficking, robbery, fraud, racketeering and terrorism. The Companys operations are subject to certain hazards and liability risks faced by all brewers, such as potential contamination of ingredients or products by bacteria or other external agents that may be wrongfully or accidentally introduced into products or packaging, or defective packaging and handling. When the Company indicates that the Offering will hold a closing and the Investors subscription is to be accepted (either in whole or part), then the Holding Account shall disburse such Investors subscription proceeds in its possession to the account of the Company. Because the Company has been in its start-up phase from January 1, 2018 through December 31, 2020, there has not been substantial revenues generated, and therefore the financial information reported below, and in the accompanying audited financial statements, are not necessarily indicative of future operating results or of future financial condition. The Company maintains the right to accept subscriptions below the minimum investment amount or minimum per share investment amount in its discretion. customary consideration for entering into restrictive covenants or bona fide employment agreements or similar arrangements in favor of the acquired party or any of its affiliates, or (ii) the right to make a debt or equity investment in the acquired party or any of its affiliates (whether directly or through retention or contribution of a portion of the shareholders shares). In addition, the Company being unable to contract brew its beer for several months, thus reducing overall expenses, but also reducing the ability to generate revenues due to lack of inventory, contributed to the material change in net loss. Investor and the Companys brewing team will develop a beer together and investor will name it. To the extent that the Offering Circular contains forward-looking statements regarding the financial condition, operating results, business prospects, or any other aspect of the Companys business, please be advised that the Companys actual financial condition, operating results, and business performance may differ materially from that projected or estimated by the Company. . However, that doesnt mean it couldnt be a good investment for you.If youre looking to invest in a company that supports the armed forces, then this could be a good option for you. Armed Forces Brewing Company is selling off 750,000 shares, which is 16.19 percent of the business. Armed Forces Brewing Company is one such brewery. These factors make it a wise investment for anyone looking to add a little bit of excitement to their portfolio. THE COMPANY RESERVES THE RIGHT TO DENY THE PURCHASE OF THE SECURITIES BY ANY FOREIGN PURCHASER. The Company had $30,881 revenue from January 1, 2018 to December 31, 2019. This information does not necessarily indicate beneficial ownership for any other purpose. The income earned by a qualified pension, profit sharing or stock bonus plan (collectively, Qualified Plan) and by an individual retirement account (IRA) is generally exempt from taxation. Rupani is an administrator of acquisitions and grants at the United States Geological Survey and company director . By submitting a subscription agreement to the Company, you will be agreeing to the following representations. 1 These individuals include specially designated nationals, specially designated narcotics traffickers and other parties subject to OFAC sanctions and embargo programs. To the extent that the Company's activities involve the storage and transmission of confidential information, the Company and/or third-party processors will receive, transmit and store confidential customer and other information. Before making any representation that your investment does not exceed applicable thresholds, we encourage you to review Rule 251(d)(2)(i)(c) of Regulation A. For general information on investing, we encourage you to refer to www.investor.gov. If the Company is not able to raise sufficient capital in the future, it will not be able to execute our business plan, our continued operations will be in jeopardy and the Company may be forced to cease operations and sell or otherwise transfer all or substantially all of our remaining assets, which could cause you to lose all or a portion of your investment. Robert ONeill is one of the most highly decorated combat Veterans of our time, a former US Navy SEAL and was a combat leader for the famous SEAL Team 6. Seven years later, that thought has turned into a growing business producing three beers that will soon be sold at a major nationwide retailer. In addition to the veteran and spouse, two or more persons who intend to hold title may be placed on the mortgage with the veteran. The list is not intended to be a comprehensive list of all of its accounting policies. Please note that the Company has never paid dividends on its Shares and is uncertain if it will be able to pay dividends in the foreseeable future. The Shares being offered are held in book-entry form. There can be no assurance, however, that any value so established (i) could or will actually be realized by the IRA, ERISA Plan or Keogh Plan upon sale of the Shares or upon liquidation of us, or (ii) will comply with the ERISA or Code requirements. In addition, there are no provisions attached to the Shares in the Offering that would permit you to require the Company to repurchase the Shares in the event of a takeover, recapitalization or similar transaction involving the Company. We plan to use your investment to brew great beer and grow our brand and distribution. . (Exhibit 1A-2A). These shares cost $10 each and are worth a combined $7.5 million. This provision may have the effect of limiting the ability of investors to bring a legal claim against the Company due to geographic limitations. Chief Operations Officer and Board of Directors Member, Jeff has been one of the top F&B owners/operators/consultants in the Southeast for over 30 years. Programs which are deemed to be operating companies or which do not issue more than 25% of their equity interests to ERISA Plans are exempt from being designated as holding plan assets. Management anticipates that we would clearly be characterized as an operating for the purposes of the regulations, and that it would therefore not be deemed to be holding plan assets.. All inquiries regarding this Offering should be. The Company has identified the policies outlined below as critical to its business operations and an understanding of its results of operations. The Service has not yet promulgated regulations defining appropriate methods for the determination of fair market value for this purpose. All stock, options or vesting stock granted under this Equity Incentive. Your rights and the value of your investment in the Shares of Class C Common Stock could be reduced by the dilution caused by future equity issuances. Similarly, domains owned and used by the Company may be challenged by others who contest the ability of the Company to use the domain name or URL. financial institutions. As of December 31, 2019, the net tangible book value of the Company was $(35,667) since the Company had generated $12,889 in revenue but had cumulative expenses equal to $27,361 and $115,000 in paid-in-capital. The impact and any associated risks related to these policies on the Companys business operations is discussed throughout Management's Discussion and Analysis of Financial Condition and Results of Operation where such policies affect the Companys reported and expected financial results. The company's mission is to brew high-quality beer and to support veteran-owned businesses. any discussion of the timing or nature of future operating or financial performance or other events. There is no better time for some Ex-Military Talent within your business! About This Form 1-A and Offering Circular, In making an investment decision, you should rely only on the information contained in this Form 1-A and Offering Circular. In February 2019, FASB issued ASU No. The Company anticipates raising additional funds through public or private financing, securities financing and/or strategic relationships or other arrangements in the near future to support its business operations; however, the Company may not have commitments from third parties for a sufficient amount of additional capital. Refer to www.investor.gov 750,000 shares, which is 16.19 percent of the business or vesting granted... Brewing Company is selling off 750,000 shares, which is 16.19 percent of the most popular on the financial and. Addition, courts outside the United States Geological Survey and Company director RESERVES... Will have on the market preferred stock financings in the US Military is! This purpose not yet promulgated regulations defining appropriate methods for the determination of fair market value for this purpose products! Are worth a combined $ 7.5 million s mission is to brew great beer and to veteran-owned. 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