Crowdonomics
All companies
Arthur Wheeler Spirits Company logo

Arthur Wheeler Spirits Company

Operating

Free State Distillery, Inc

Alcohol · Upper Marlboro, MD

Free State Distillery, a Maryland craft distillery with a tasting room, makes spirits under the Arthur Wheeler Spirits Company brand: bourbon, rye whiskey, vodka, rum and agave spirits, with gin planned. It opened in October 2024 and sells through a local distributor. Its spirits have won medals at the London International Spirits Competition and Bartenders Spirits Awards.

Latest valuation
—
No round has disclosed a priced valuation or cap.
Total raised
$123,470
Across 1 round since 2026

Financials

FY2024–FY2025 · from SEC filings · hover any figure for its source
$134K
$358
2024
$503K
−$201K
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2024 unaudited*
FY2025 unaudited*
Income statement
Revenue
$134,236
$502,772
Cost of goods sold
$10,767
$191,578
Gross margin
92%
62%
Net income
$358
-$201,428
Taxes paid
$0
$0
Balance sheet
Cash
$8,221
$27,631
Accounts receivable
$0
$0
Total assets
$534,175
$648,012
Short-term debt
$9,557
$8,206
Long-term debt
$0
$0
Total liabilities
$9,557
$8,206
Other
Headcount
—
4

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 · Debt · Apr 2026Closedvia Honeycomb
Raised $123.5K / $124K

Team

1 person
Floyd Wheeler
CEO

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.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

no annual report due yet

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

SEC filings

  • Form C-UJun 12, 20260002129489-26-000002
    EDGAR
  • Form CApr 16, 20260002129489-26-000001
    EDGAR
Source: SEC EDGARCIK 0002129489MDLast 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.