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Devotion Spirits Inc.

Operating

Alcohol · Red Bank, NJ

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Latest valuation
—
No round has disclosed a priced valuation or cap.
Total raised
$1,987,000
Crowd $0 · Private $2.0M · 2 rounds since 2015
Latest share price
$1.7507
Private · Preferred Stock · Apr 2015 offering price

Financials

FY2015–FY2016 · from SEC filings · hover any figure for its source
$2.8M
−$2.5M
2015
$3.3M
−$2.4M
2016
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2015 reviewed*
FY2016 reviewed*
Income statement
Revenue
$2,784,345
$3,341,894
Cost of goods sold
-$1,209,532
-$1,505,159
Gross margin
57%
55%
Net income
-$2,490,572
-$2,421,001
Taxes paid
$6,217
$9,547
Balance sheet
Cash
$34,675
$13,770
Accounts receivable
$401,304
$556,427
Total assets
$965,348
$1,433,932
Short-term debt
$742,404
$733,989
Long-term debt
$29,000
$2,017,000
Total liabilities
$771,404
$2,750,989
Other
Headcount
—
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”.

Fundraising history

Reg CF · Common Stock · Oct 2017Closedvia WeFunder
Raised $0 / $1M

Team

4 people
Andrew Adelman
CEO
Michael Calleja
COO
Vincent Serpico
CFO
Robert Jones
Board Member

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not obligated

never closed a Reg CF raise

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form COct 30, 20170001670254-17-000297
    EDGAR
Source: SEC EDGARCIK 0001719698DEShare price $1.48Last synced Aug 17, 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.