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Full Circle Brewing

Operating

Full Circle Brewing, Co. Ltd. LLC

Alcohol · Brewery · Fresno, CA · Founded 1998

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In 2016, the oldest running brewery in the Central Valley met its new owners. Today, Full Circle Brewing company is, literally, at the center of the California Craft Beer Boom! With beers so unique and flavorful, we frequently hear "I don't even like beer, but I like this."

Post-money valuation ⓘ
$35.0M
As of Apr 2023 · from Reg CF Offering (2023) · pre-money + amount raised, not a traded price
Total raised
$1,233,548
Crowd $946K · Private $288K · 5 rounds since 2017
Latest share price
$6.94
Reg CF · Common Stock · Feb 2023 offering price

Financials

FY2015–FY2022 · from SEC filings · hover any figure for its source
$69K
$3K
2015
$83K
−$76K
2016
$360K
−$156K
2017
$602K
−$295K
2018
$1.4M
−$579K
2019
$2.3M
−$286K
2020
$3.8M
−$196K
2021
$3.7M
−$310K
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2015 reviewed*
FY2016 reviewed*
FY2017
FY2018
FY2019 reviewed
FY2020
FY2021 audited
FY2022 audited
Income statement
Revenue
$69,051
$82,726
$359,901
$602,284
$1,387,367
$2,348,337
$3,798,277
$3,690,086
Cost of goods sold
$8,570
$21,026
$65,322
$215,528
$678,584
$1,081,041
$1,534,028
$1,265,437
Gross margin
88%
75%
82%
64%
51%
54%
60%
66%
Net income
$2,516
-$76,142
-$155,607
-$294,753
-$579,172
-$286,450
-$195,748
-$310,321
Taxes paid
$7,283
$5,613
$6,036
$59,865
$80,791
$163,192
$257,981
$258,567
Balance sheet
Cash
$4,609
$51,390
$57,306
$79,505
$96,199
$179,904
$226,113
$37,325
Accounts receivable
$954
$3,129
$17,278
$47,754
$24,141
$136,698
$258,077
$635,076
Total assets
$5,563
$123,356
$332,312
$988,425
$1,098,667
$568,476
$2,394,291
$3,414,654
Short-term debt
$28,996
$26,629
$114,106
$390,961
$261,644
$720,959
$1,020,919
$919,817
Long-term debt
$0
$111,575
$261,628
$691,343
$1,182,574
$1,474,047
$1,757,382
$3,202,041
Total liabilities
$28,996
$138,204
$375,734
$1,082,304
$1,444,218
$2,195,006
$2,778,301
$4,121,858
Other
Headcount
—
10
8
—
22
22
22
35

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
$4.5M
pre-money
$25.0M
pre-money
$34.8M
pre-money
Reg CF · Common · Apr 2018
Reg CF · Common · Oct 2020
Reg CF · Common · Feb 2023

Blue bars are the pre-money valuation the company stated for a priced round.

Share price over rounds

$6.94$3.47$4.00
Aug 2017Feb 2023
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Fundraising history

Reg CF · Common Stock · Feb 2023Closedvia StartEngine
Raised $67.7K / $4.3MInvestors 119Post-money $35M
Reg CF · Common Stock · Oct 2020Closedvia StartEngine
Raised $659.6K / $5MInvestors 843Post-money $25.7M
Rule 506(b) · Common Stock · Jun 2018Closed
Raised $287.5K
Reg CF · Common Stock · Apr 2018Closedvia WeFunder
Raised $165K / $334.5KPost-money $4.6M
Reg CF · Common Stock · Aug 2017Closedvia NOBLES & RICHARDS, INC.
Raised $53.7K / $1M

Team

3 people
Arthur Moye
Chief Executive Officer

Accountant by trade and former CalCPA Chapter President gone rogue. Sold his practice and bought a brewery.

Arthur Lee Moye III
CEO and Managing Member
Jason Heersche
Financial Controller

Over 15 years of strategic finance in the food and beverage industry. Focuses on operational efficiency, financial forcasting and reporting.

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

Reg CF annual-report compliance

Not requiredFiled Form C-TR (terminated reporting)

Filed 3 of 9 annual reports (FY2017–FY2025)

843 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

View all 23 filings on EDGAR
  • Form C-ARMay 1, 20240001665160-24-000712
    EDGAR
  • Form C-UMay 2, 20230001665160-23-001163
    EDGAR
  • Form C/AMar 22, 20230001665160-23-000456
    EDGAR
  • Form CJan 26, 20230001665160-23-000143
    EDGAR
  • Form C-UMay 5, 20220001665160-22-001573
    EDGAR
  • Form C/AMar 17, 20220001665160-22-000480
    EDGAR
  • Form C/AJan 13, 20220001665160-22-000085
    EDGAR
  • Form C-AR/ADec 30, 20210001665160-21-002420
    EDGAR
Source: ManualCIK 0001715599CAShare price $6.94

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.