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CARDINAL SPIRITS
OperatingCardinal Spirits LLC
Alcohol · Founded 2011
Award-winning craft spirits & canned cocktails from $6M ARR distillery
Valuation cap ⓘ
$20.0M
As of Aug 2023 · from CARDINAL SPIRITS Convertible Note 1 · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$286,110
Across 1 round since 2023
Latest share price
$1.00
CARDINAL SPIRITS Convertible Note 1 offering price
Financials
FY2020–FY2021 · from SEC filings · hover any figure for its source$7.6M
−$2.2M
2020
$6.3M
−$1.8M
2021
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2020
FY2021
Income statement
Revenue
$7,554,795
$6,338,046
Cost of goods sold
$7,223,245
$4,983,598
Gross margin
4%
21%
Net income
-$2,157,615
-$1,831,123
Taxes paid
$0
$0
Balance sheet
Cash
$128,586
$274,785
Accounts receivable
$1,004,825
$420,554
Total assets
$2,721,604
$1,984,880
Short-term debt
$2,210,823
$2,481,734
Long-term debt
$1,104,325
$2,411,692
Total liabilities
$3,315,148
$4,893,426
Other
Headcount
—
45
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; no pill means the filing didn’t state one. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.
Valuation over rounds
Post-money = pre-money + amount raised · caps marked$20.0M
Valuation cap
CARDINAL SPIRITS Convertible Note 1
A dashed amber step is a SAFE/note valuation cap — a conversion ceiling agreed for that instrument, not a priced valuation of the company. Steps are not comparable across bases.
Fundraising history
Raised $286.1K / $1.2MInvestors 345Valuation cap $20M
Reg CF annual-report compliance
Delinquent
Filed 0 of 4 annual reports (FY2022–FY2025)
Missing: 2022, 2023, 2024, 2025
345 investors
holder-count proxy
Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.
SEC filings
Source: ManualCIK 0001574152Share price $1.00
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.