Crowdonomics
WatchlistPortfolio
Drifter Spirits

Reg CF · Convertible Note · Apr 2020

ClosedReached targetReg CFConvertible Note
via WeFunder · last checked Aug 17, 2026View campaign
Raised
$118.1K / $500K max
24% of ceiling · target hit day 17
Investors
75
$1.6K avg
Valuation cap
$5.5M
cap, not an agreed valuation

Raised over time

Cumulative raisedInvestors
$118K$59K$0
75380
Apr 16, 2020 · openedSep 30, 2020 · last reading
Target ($20K) hit — May 3, 2020, day 17Deadline Jul 31, 2020

Left axis: cumulative dollars raised. Right axis: cumulative investors. Live figures via WeFunder, last checked Aug 17, 2026; investor counts may lag the platform by up to a day.

Financials disclosed in this offering

FY2018–FY2019 · hover for source
$1.3M
$49K
FY2018
$1.3M
−$314K
FY2019
RevenueNet income
Metric
FY2018
FY2019
Income statement
Revenue
$1,349,152
$1,303,427
Cost of goods sold
$467,299
$541,606
Gross margin
65%
58%
Net income
$49,289
-$313,656
Taxes paid
$529
$1,871
Balance sheet
Cash
$10,913
$37,434
Accounts receivable
$131,335
$270,832
Total assets
$445,452
$637,846
Short-term debt
$356,758
$667,799
Long-term debt
$664,661
$751,670
Total liabilities
$1,021,419
$1,419,469
Other
Headcount
—
2

The fiscal years the issuer disclosed in this offering’s filing, as filed. Full history on the company page.

Amendments to this offering

1 amendment
  1. May 13, 2020
    Terms not yet extracted from this filing
    Form C/A on EDGAR ↗

Each line compares the amendment with the previous filing of this offering. The quoted reason is the issuer’s own statement from the Form C/A.

Deal terms

Valuation cap$5.5M
Conversion discount20%
Interest rate8%

Offering details

Target$20,000
Max$500,000
Min investment$250
OpenedApr 16, 2020
DeadlineJul 31, 2020
ClosedSep 30, 2020
Days active167

Links & provenance

Campaign pageSEC filing
Source: SEC EDGAR
0001670254-20-000253
Last synced Aug 17, 2026

About this data. Raised amounts and investor counts come from the platform listing and may lag or be restated; SEC-reported totals can differ until the next Form 1-Z/C-U. Post-money valuation is computed as pre-money plus amount raised and is shown once the round closes — it is not a traded price. Financial statements are as reported by the issuer. 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.