In cases where undiscounted expected future cash flows are less than the carrying value, an impairment loss is recognized equal to an amount by which the carrying value exceeds the fair value of assets. The company has won several awards for their beers, including a gold medal at the 2014 Great American Beer Festival for their American Pale Ale. Access for 1 to VIP tent/section at one event the Company sponsors, 8 stickers two each from Armed Forces Brewing Company, the Seawolf brand, the Airman brand and the Soldier brand, Investors name on the Companys wall of investors at the $1,000+ level, Two Armed Forces Brewing Company beer glasses, Access for 2 to VIP tent/section at one event the Company sponsors, Membership in Companys tasting club where investor has the opportunity taste certain new beers before it goes to market**, 12 stickers three each from Armed Forces Brewing Company, the Seawolf brand, the Airman brand and the Soldier brand. Once proper funding is in place and the opportunity arises, Armed Forces Brewing plans to acquire or build its own brewing facilities to be able to produce quality beer more economically and profitably. Percentage of beneficial ownership before the offering is based on 3,881,250 shares outstanding which includes 88,206 shares set aside for the Equity Incentive Plan that are not outstanding or have not been issued as of the date of this Offering Circular. If at any time, the Drag-Along Seller receives a bona fide offer from an Independent Purchaser for a Drag-Along Sale, the Drag-Along Seller shall have the right to require that each other shareholder participate in the sale in the manner provided in the Bylaws; provided, however, that no shareholder is required to transfer or sell any of its shares if the consideration for the Drag-Along Sale is other than cash or registered securities listed on an established U.S. securities exchange or traded on the NASDAQ National Market. An increase in number of shares outstanding could also result from a share offering (such as an initial public offering, an equity crowdfunding round, a venture capital round, or an angel investment), employees or others exercising stock options, vesting of stock options or by conversion of certain instruments such as convertible bonds, other classes of stock or warrants into stock or other equity. Increasing the amount of additional equity that the Company will have to seek in the future will further dilute those investors participating in this Offering. You Should Be Aware Of The Long-Term Nature Of This Investment. Additionally, this concentration of ownership could discourage or prevent a potential takeover of our Company that might otherwise result in an investor receiving a premium over the market price for its Shares. In order to review all of the terms of our securities offering, you should review our offering circular that contains all of the terms, conditions, risk factors, and disclosures that you should read and understand before you invest in our company. Computer, Website or Information System Breakdown Could Affect The Companys Business, Computer, website and/or information system breakdowns as well as cyber security attacks could impair the Companys ability to service its customers leading to reduced revenue from sales and/or reputational damage, which could have a material adverse effect on the Companys financial, A Data Security Breach Could Expose The Company To Liability And Protracted And Costly Litigation, And Could Adversely Affect The Company's Reputation And Operating Revenues. Gary Bonadonna Jr. has been brewing up unionization efforts in western New York coffee houses since baristas at a local franchise asked his Workers United Rochester Regional Joint Board for help. An important part of Armed Forces Brewings mission is to use our success to give back to our brave men and women currently deployed, and our veterans, who have served our country in the defense of freedom. In addition, the Company expects to incur substantial operating expenses in order to fund the expansion of the Company's business. Based upon Dalmore's anticipated limited role in this Offering, it has not and will not conduct extensive due diligence of this Regulation A offering and no investor should rely on Dalmore's involvement in this offering as any basis for a belief that it has done extensive due diligence. Tue, 28 Feb 2023 00:46:13 +0000 View Detailed Check-in. The Company believes that the funding to be obtained through this Offering will have a material impact on future operations. Marines shut down elite scout sniper platoons in favor of all-weather, info-gathering units, Senator says Japan reneged on deal to release Navy officer from Yokosuka prison, Maverick or Goose?: Caroline Kennedy goes supersonic in Australian Super Hornet, Military, VA provide troops, vets more gun safety options to help reduce suicides, Pentagon tells service members to stop displaying giant US flags at major events, K-Town Now features the latest news from the Kaiserslautern Military Community. The advertisement itself is pretty standard fare these days, and its similar to commercials from veteran-run businesses that are already out there, which is to say that it plays like a military-grade and mega-moto version of Dollar Shave Clubs 2012 viral hit. unenforceable in respect of, one or more of the specified types of actions or proceedings, the Company may incur additional costs associated with resolving such matters in other jurisdictions, which could adversely affect the Companys business and financial condition. An Annapolis-based beer company landed a deal with Walmart and Sam's Club to distribute its brands around the country, making it one of the largest contracts in Maryland's. Both my partners loved craft beer and wanted to start aNavy-specific craft beer brand, Beal said. There are substantial restrictions on the transferability of the Shares of Class C Common Stock, and, in all likelihood, you will not be able to liquidate some or all of your investment. There is no relationship between the offering price and the Companys assets, book value, net worth, or any other economic or recognized criteria of value. All five armed services are among the seven uniformed services of the United States.From the time of its inception, the U.S. Armed Forces played a decisive role in the history of the United States. any discussion of the timing or nature of future operating or financial performance or other events. Stone Brewing co-founder Greg Koch. The use of Dwollas balance functionality is solely as a payment service that facilitates faster transfers in the event that the user decides to become an investor by purchasing securities. In addition, Armed Forces Brewing Companys beers are currently available in 14 states across the country. From January 1, 2020 through December 31, 2020, the Company paid $9,000 in compensation to its executive officers and directors. The Companys website and marketing materials are not incorporated into this Offering Circular. Investors will be subject to substantial risks involved in an investment in the Company, including the risk of losing their entire investment. There can be no assurances that there are no significant deficiencies or material weaknesses in the quality of our financial controls. Your stake in the Company could be diluted due to the Company issuing additional Shares of Class C Common Stock or other securities such as stock, or securities or debt convertible into stock or additional classes of stock. The indemnification provisions of the Companys Bylaws contain additional rights and obligations related to this subject. There is not now, and likely will not be in the near future, a public market for the Shares. Discounted offers are only available to new members. While the Company will attempt to invest only in effective advertising, marketing and promotional activities, it is difficult to correlate such investments with sales results, and there is no guarantee that the Companys expenditures will be effective in building brand equity or growing short term or long-term sales. Any holding accounts may be with payment processors and not a regulated banking institution, and thus may have no federal insurance covering said funds unlike if the funds had been deposited into a regulated U.S. bank or similar banking institution or may have federal insurance that is limited to a certain amount of coverage. (2) The Offering Expenses are estimated at a total of $200,000 in the chart above but may vary from that total. Investors name on the Companys wall of investors at the $25,000+ level plus special recognition at each Armed Forces Brewing Company location opened in the future. Armed Forces Brewing Company is a craft beer company founded by two veterans of the US military. Armed Forces Brewing Company is a Military tribute craft brewing companythatpayshomage to our great American Military both active duty and Veterans. As of December 31, 2019, the net tangible book value of the Company was $(35,667) since the Company had generated $12,889 in revenue but had cumulative expenses equal to $27,361 and $115,000 in paid-in-capital. This Form 1-A and Offering Circular do not purport to contain all of the information that may be required to evaluate the Offering and any recipient hereof should conduct its own independent analysis. On or about December 4, 2020, the Company filed a Certificate of Amendment of Certificate of Incorporation with the state of Delaware whereby the Companys name was changed to Armed Forces Brewing Company, Inc. The warrants may be exercised by Dalmore or their assigns for no cost ($0.00 per share) and will, when exercised, provide Dalmore or their assigns with Shares of Class C Common Stock. The use of such third-party facilities also creates higher logistical costs and uncertainty in the ability to deliver product to the Companys customers efficiently and on time. NO OFFERING LITERATURE OR ADVERTISING IN ANY FORM SHOULD BE RELIED ON IN CONNECTION WITH THE OFFERING EXCEPT FOR THIS OFFERING CIRCULAR, ANY EXHIBITS ATTACHED AND THE STATEMENTS CONTAINED IN BOTH. The Company does not have the internal infrastructure necessary, and is not required, to complete an attestation about our financial controls that would be required under Section 404 of the Sarbanes-Oxley Act of 2002. Director of Military Operations and Board of Directors Member. Armed Forces Brewing Company is looking to raise $7.5 million in a campaign to grow its business. We are more than a local craft beer. Generally, no sale may be made to anyone in our offering if the aggregate purchase price you pay is more than 10% of the greater of your annual income or net worth. As has occurred with many Internet-based businesses, the Company may be subject to "denial-of-service" attacks in which unknown individuals bombard its computer servers with requests for data, thereby degrading the servers' performance. The Company has a limited operating history and there can be no assurance that the Company's proposed plan of business can be realized in the manner contemplated and, if it cannot be, Shareholders may lose all or a substantial part of their investment. AN OFFERING STATEMENT PURSUANT TO REGULATION A RELATING TO THESE SECURITIES HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION. These standards represent minimum suitability requirements for prospective investors, and the satisfaction of such standards does not necessarily mean that an investment in the Company is suitable for such persons. funds are transferred to said operating account. Total Investments. 4631250, Shares of Class A Common Stock Outstanding, Shares of Class B Common Stock Outstanding, Shares of Class C Common Stock Outstanding, Shares of Class A Common Stock in this Offering (1), Shares of Class B Common Stock in this Offering (1), Shares of Class C Common Stock in this Offering (1), Total shares to be outstanding after the Offering (2). the merits and risks of investing in the Shares. Our Employees, Executive Officers, Directors And Insider Shareholders Beneficially Own Or Control A Substantial Portion Of Our Outstanding Shares, Our employees, executive officers, directors and insider shareholders beneficially own or control a substantial portion of our outstanding stock, which may limit your ability and the ability of our other Shareholders, whether acting alone or together, to propose or direct the management or overall direction of our company. The Companys Expenses Could Increase Without a Corresponding Increase in Revenues. The Company may not be able to sell the Maximum Offering amount. The Company had net cash of $18,962 on December 31, 2020. Returns as of 03/02/2023. You can "enlist" by investing $200 to $499, at which point you'll. $12,398. Company may need to increase the Company's financial commitment to creating and maintaining brand awareness. Although Dependent Upon Certain Key Personnel, The Company Does Not Have Any Key Man Life Insurance Policies On Any Such People At The Time Of This Offering. The Companys Operations Are And Will Be Subject to Certain Operating Hazards Which Could Result in Unexpected Costs or Product Recalls That Could Harm the Companys Business. T-Shirts PREAMBLE | WE THE PEOPLE T-SHIRT from $29.95 WE GOT YOUR SIX T-SHIRT from $29.95 IT'S 1700 SOMEWHERE T-SHIRT from $29.95 TRUST IN BEER NOT IN GOVERNMENT T-SHIRT from $29.95 RED FRIDAY T-SHIRT from $29.95 RALLY POINT 2022 COMMEMORATIVE T-SHIRT from $30.00 The Deferred Offering Costs of the Company consist solely of legal and other fees incurred in connection with the capital raising efforts of the Company. Preamble by Armed Forces Brewing Company is a Lager - American which has a rating of 3.5 out of 5, with 512 ratings and reviews on Untappd. The company is a product of the merger between U.S. brewer Anheuser-Busch and Belgian-Brazilian brewer InBev in 2008, as well as the acquisition of South African brewing giant SABMiller in 2016. Armed Forces Brewing Company's Seawolf division today released a video divulging the origin of the secret recipe for their popular beer - Special Hops IPA. The Company Has Limited Operating History. Given its top free cash flow-generating ability, there's plenty to like about this diversified and highly profitable beer business. These potential increases in the number and availability of competing brands, the costs to compete, reductions in contract brewing capacity and decreases in distribution support and opportunities may have a material adverse effect on the Companys business and financial results, as well as your investment. This is a cause that is dear to the hearts of many Americans, and its nice to see a company supporting it.Finally, the company has plans to expand its operations in the near future. In response to these issues, the Company may need to significantly increase its packaging capabilities and tank capacity and add personnel to address these challenges. Prior to the adoption of ASC 606, we recognized revenue when persuasive evidence of an arrangement existed, delivery of products had occurred, the sales price was fixed or determinable and collectability was reasonably assured. The company has won several awards, including a gold medal at the Great American Beer Festival and a silver medal at the World Beer Cup.The companys founders have stated that their mission is to brew quality craft beer for everyone to enjoy. I saw the lightning and heard the thunder.. The following summary is qualified in its entirety by the more detailed information appearing elsewhere in this Offering Circular and/or incorporated by reference in this Offering Circular. Property, Plant and Equipment (PP&E) $3,584. BAGHDAD -. Many of its competitors have substantially greater financial, technical and other resources, such as larger research and development staff and experienced marketing organizations. In addition to the fees above, the Company shall grant to Dalmore (or their designees and assignees) cashless warrants equivalent to 3% of the number of shares of Class C common stock sold in the offering, at no cost ($0.00 per share). Sales Of The Companys Shares By Insiders Under Rule 144 Or Otherwise Could Reduce The Price Of The Shares, If A Trading Market Should Develop. If unsuccessful in defending that litigation, the Company might be forced to pay damages and/or change the Company's business practices or pricing structure, any of which could have a material adverse effect on the Company's operating revenues and profitability. On or about December 4, 2020, the Company filed a Certificate of Amendment of Certificate of Incorporation with the state of Delaware whereby the Companys name was changed to Armed Forces Brewing Company, Inc. (Exhibit 1A-2A). Significant judgment is required in determining our provision for income taxes and other tax liabilities. This Offering involves significant risks, and you should consider the Shares highly speculative. Contact and/or notify the Company, if needed, to gather additional information or clarification on an investor; 4.Not provide any investment advice nor any investment recommendations to any investor; 5.Keep investor details and data confidential and not disclose to any third-party except as required by regulators or in our performance under the broker-dealer agreement (e.g., as needed for AML and background checks); 6.Coordinate with third party providers to ensure adequate review and compliance; and. Property and equipment are recorded at cost. 30 posts. Either way, the holders of the convertible notes get more shares for their money than would new investors in that subsequent round. If the Company does not pay dividends, its Shares may be less valuable because a return on your investment will only occur if its stock price appreciates. In spite of being squarely aimed at the military market, and being one of the many military-themed beers out there, Armed Forces Brewing prominently features Marines as the only pictured. These adverse conditions could affect the Company's financial condition and the results of its operations. If the maximum amount is raised in this Offering, investors in this Offering will own approximately 16.19% of the Company. Article XIV of the Companys Bylaws set out various restrictions on transfer that attach to the Shares of Class C Common Stock being sold in this Offering. Were releasing three more beers this year and have plans to add even more going forward, Beal said. Different rules apply to accredited investors and non-natural persons. Investing In This Offering Using A Credit Card Has Several Risks. It is currently distributed in 14 states and Washington D.C., with plans to expand nationwide.The investment potential of Armed Forces Brewing Company lies in its strong foundation, passionate team, and commitment to giving back to the military community. The Shares of Class C Common Stock are illiquid and should be considered a long-term investment. Investment Securities. The Company is a Delaware corporation for the general purpose of transacting any or all lawful business for which a corporation may be formed in the State of Delaware. Seven years later, that thought has turned into a growing business producing three beers that will soon be sold at a major nationwide retailer. Im proud to work with some great Americans making great American beer, ONeill said in a July 6 statement. Armed Forces Brewing doesn't make any beer at all . The estimate of the budget for offering costs is an estimate only and the actual offering costs may differ from those expected by management. VIP Treatment and 4 invitations to Companys annual War Games event*, Invite +1 to a Meet and Greet and dinner the evening before the Companys annual War Games event with members of our management and our advisory board, Four Armed Forces Brewing Company beer glasses, Access for 3 to VIP tent/section at one event the Company sponsors, Membership in Companys tasting club where investor has the opportunity taste every new beer before it goes to market**. If you do not have a regular brokerage account, or your regular broker will not hold the Shares for you (and many brokers refuse to hold Regulation A securities for their customers and are not set up to hold securities in Share form) there will be nobody keeping records for you for tax purposes and you will have to keep your own records, and calculate the gain on any sales of any securities you sell. Before payment of any dividend, there may be set aside out of any funds of the Company available for dividends such sums as the Board of Directors, in its absolute discretion, deems proper as a reserve for working capital, to meet contingencies, for equalizing dividends, for repairing or maintaining any property of the Company, or for such other purposes as the Board of Directors shall deem in the best interests of the Company, and the Board of Directors may modify or abolish any such reserve in the manner in which it was created. Potato growers are beginning to prepare seed potatoes. Operating expenses for the period from January 1, 2020 to December 31, 2020 were $58,950. There are no restrictions on alienability of the Shares in the corporate documents other than those disclosed in this Offering Circular. Our Revenue Could Fluctuate From Period To Period, Which Could Have An Adverse Material Impact On Our Business. The Shares, when issued, will be fully paid and non-assessable. Factors which could increase operating and other expenses include, but are not limited to (1) increases in the rate of inflation, (2) increases in taxes and other statutory charges, (3) changes in laws, regulations or government policies which increase the costs of compliance with such laws, regulations or policies, (4) significant increases in insurance premiums, (5) increases in borrowing costs, and (5) unexpected increases in costs of supplies, goods, materials, construction, equipment or distribution.
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