Proof of Concept, LLC

Operating

Alcohol · Brooklyn, NY

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Latest valuation

—

No round has disclosed a priced valuation or cap.

Total raised

$50,000

Across 1 round since 2016

Latest share price

$1.00

Reg CF · Common Stock · Jun 2016 offering price

Financials

FY2014–FY2017 · from SEC filings · hover any figure for its source

$301K

−$26K

2014

2015

$540K

−$142K

2016

$682K

−$254K

2017

RevenueNet income — beside revenue when positive, below the line when a loss

Metric

FY2014 reviewed*

FY2015 reviewed*

FY2016

FY2017

Income statement

Revenue

$300,519

—

$540,097

$682,021

Cost of goods sold

$82,643

—

$175,898

$243,096

Gross margin

72%

—

67%

64%

Net income

-$25,893

—

-$142,386

-$254,105

Taxes paid

—

Balance sheet

Cash

$1,944

—

$5,857

$2,949

Accounts receivable

$20,879

—

$45,979

$100,540

Total assets

$82,967

—

$88,228

$211,610

Short-term debt

$124,239

—

$201,320

$284,631

Long-term debt

—

$70,000

$90,000

Total liabilities

$124,239

—

$271,320

$374,631

Other

Headcount

—

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 · Jun 2016Closedvia WeFunder

Raised $50K / $500K

Team

1 person

Joshua E Morton

President

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.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

Possibly delinquent

Filed 1 of 10 annual reports (FY2016–FY2025)

Missing: 2016, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025

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

SEC filings

Form C-ARApr 30, 20180001670254-18-000189
EDGAR
Form C/ANov 29, 20160001670254-16-000207
EDGAR
Form C/AOct 24, 20160001670254-16-000175
EDGAR
Form C/AJul 8, 20160001670254-16-000073
EDGAR
Form CJun 17, 20160001670254-16-000058
EDGAR

Source: SEC EDGARCIK 0001677340NYShare price $1.00Last 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.