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Armed Forces Brewing Company, Inc.

Operating

Alcohol · Norfolk, VA

Estimated pre-money ⓘ
$54.6M
As of Apr 2023 · from Reg A Offering (2023) · our estimate: offering price × shares outstanding, not a stated valuation
Total raised
$100,000
Crowd $0 · Private $100K · 4 rounds since 2020
Latest share price
$12.50
Reg A Offering (2023) offering price

Financials

FY2020–FY2022 (no data for FY2021) · from SEC filings · hover any figure for its source
$13K
−$66K
2020
2021no data
$172K
−$914K
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2020 audited
FY2022 audited
Income statement
Revenue
$12,843
$171,937
Cost of goods sold
$22,978
$257,452
Gross margin
-79%
-50%
Net income
-$65,993
-$913,800
Balance sheet
Cash
$18,962
$1,128,108
Accounts receivable
$12,398
$57,486
Total assets
$34,876
$2,013,376
Long-term debt
$100,000
$117,863
Total liabilities
$136,536
$289,836
Other
Headcount
1
5

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$38.7M
est. pre-money
$54.6M
est. pre-money
Reg A+ · Equity · Apr 2021
Reg A+ · Equity · Apr 2023

Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher.

Cap table

Share counts as of Dec 13, 2024
Class A Common · 52.7%Class C Common Stock · 31.1%Class B Common · 16.2%
ClassOutstandingVotes / shareShare of totalVotesLast price
Class A Common2,589,221—52.7%100.0%—
Class C Common Stock1,528,878none31.1%0%—
Class B Common797,953none16.2%0%—
Total4,916,052100%100%

Shares outstanding over timein today's share terms

5.0M2.5M0
Apr 2021Dec 2024
Class A CommonClass B CommonClass C Common Stock

Principal holders% as the filing states it, Dec 13, 2024

  • Jason Bailey373,367 Class B Common Shares46.8%of Class B
  • Amit Rupani373,367 Class B Common Shares46.8%of Class B
  • Alan Beal710,837 Class A Common Shares27.5%of Class A
  • Bob Rupprecht630,938 Class A Common Shares24.4%of Class A
  • Jeff Jennings556,710 Class A Common Shares21.5%of Class A
  • Robert O'Neill296,912 Class A Common Shares11.5%of Class A
  • Jason Bailey196,912 Class A Common Shares7.6%of Class A
  • Amit Rupani196,912 Class A Common Shares7.6%of Class A

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Reg A+ · Equity · Apr 2023Closedvia CULTIVATE CAPITAL GROUP, LLC
Raised $0 / $5MEst. pre-money $54.6M
Reg A+ · Equity · Apr 2021Closedvia DALMORE GROUP LLC
Raised $0 / $7.5MEst. pre-money $38.7M
Raised $100KInvestors 1

Team

5 people
Alan Beal
CEO and CFO
Bob Rupprecht
Chief Brewing Officer
Amit Rupani
Director
Jason Bailey
Director
Robert O'Neill
Director

Names and titles as disclosed on SEC Form 1-A. Bios and photos come from the platform campaign page and may be out of date.

  • Form 253G2Apr 30, 20250001832987-25-000004
    EDGAR
  • Form 253G2Apr 4, 20250001832987-25-000003
    EDGAR
  • Form 253G2Mar 10, 20250001832987-25-000002
    EDGAR
  • Form 253G2Mar 4, 20250001832987-25-000001
    EDGAR
  • Form QUALIFDec 18, 20249999999994-24-000209
    EDGAR
  • Form 1-A POSDec 13, 20240001832987-24-000018
    EDGAR
  • Form 1-A POSDec 12, 20240001832987-24-000017
    EDGAR
  • Form 1-A POSDec 12, 20240001832987-24-000016
    EDGAR
Source: SEC EDGARCIK 0001832987DEShare price $12.50Last synced Aug 16, 2026

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.