As of December 31, 2020 as the Company had no taxable income, the unrecognized tax benefits accrual was zero. 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. According to their site, their beer is only available at locations in Maryland, Virginia, and Rhode Island and appears to be for sale at some military exchanges and at certain retailers. Before the JOBS Act, 80 years of securities law prevented the general public from investing in early-stage private companies like Armed Forces Brewing Company. You will participate in a military-based planned activity with members of our management and advisors. The Company had $30,881 revenue from January 1, 2018 to December 31, 2019. Should any such agreements be entered into, they will be attached as Material Contracts in Exhibit 1A-6 to a subsequent filing of this Offering Circular. The text on this website is a summary but does not contain all of the terms of our securities offering. Upon closing under the terms as set out in this Offering Circular, funds will be immediately transferred to the Company where they will be available for use in the operations of the Companys business in a manner consistent with the Use Of Proceeds in this Offering Circular. TABLE OF BENEFICIAL OWNERSHIP AFTER REGULATION A OFFERING. Existing patent, copyright, trademark and trade secret laws afford only limited protection. Dissolution or Liquidation of the Company. However, Constellation coaxes a more than 30% operating profit margin from its alcoholic beverage operation. The period of January 1, 2019 to December 31, 2019. When you invest in Armed Forces Brewing Co. for as little as $200, you join an elite team alongside famed Navy SEAL Team 6 Operator Robert J. ONeill and other Special Forces Operators as an owner of our Military tribute brewery, helping employ Veterans to make great American beer. Revenue. Investors will be subject to substantial risks involved in an investment in the Company, including the risk of losing their entire investment. We do not have an obligation under ERISA or the Code with respect to such reports or valuation although management will use good faith efforts to assist fiduciaries with their valuation reports. Such occurrences may create bad tasting beer or pose health risk to the consumer or risk to the integrity and safety of the packaging. The lack of additional capital resulting from the inability to generate cash flow from operations, or to raise capital from external sources would force the Company to substantially curtail or cease operations and would, therefore. As of December 31, 2019, the Company did not have any material outstanding accounts receivable. Given our limited operating history and existing losses, there can be no assurance that additional financing will be available, or, if available, that the terms will be acceptable to us. Invite +1 to a Meet and Greet and dinner the evening before our annual shareholder event with members of our management and our advisory board. None of the Shares being sold in this Offering are being sold by existing securities holders. The idea caught fire, leading to the first Starbucks to unionize. This discussion contains forward-looking statements reflecting the Companys current expectations that involve risks and uncertainties. Net Loss. If the Company decides to issue more Shares or other securities, an investor could experience value dilution, with each Share being worth less than before, and control dilution, with the total percentage an investor owns being less than before. Depending on where you reside, we may not be able to ship beer to you. James is responsible for overseeing the daily news coverage of the editorial team, assigning stories, approving pitches, editing, and ensuring stories published on the site meet Task & Purposes editorial standards and the audiences needs. Armed Forces Brewing Companywas selected. The Company is current with its foreign, U.S. federal and state income tax filing obligations and is not currently under examination from any taxing authority. Before investing in our offering, please review our offering circular carefully, ask any questions of the companys management that you would like answered and consult your own counsel, accountant and other professional advisors as to legal, tax and other related matters concerning this investment. In his current role at Batteries Plus, Detenber Derek Detenber Of Batteries . Navy Seal, Robert J. ONeill, Invites Americans to Join His Craft Beer Company Honoring the Armed Forces. Except with respect to Mr. Almerico, no expert named in this Offering Circular as having prepared or certified any part of this Offering Circular or having given an opinion upon the validity of the securities being registered or upon other legal matters in connection with the Offering of the Shares of Class C Common Stock had, or is to receive, in connection with the offering, a substantial interest, directly or indirectly, in the Company. In addition, there are no provisions attached to the Shares in the Offering that would permit you to require the Company to repurchase the Shares in the event of a takeover, recapitalization or similar transaction involving the Company. The extent to which the coronavirus impacts our business will depend on future developments, which are highly uncertain and cannot be predicted, including new information which may emerge concerning the severity of the coronavirus and the actions to contain the coronavirus or treat its impact, among others. In addition to great beer and patriotic brands, Armed Forces Brewing Company is committed to supporting the Military and Veteran community. In addition to owning equity in our company, we give you special perks depending on the amount you invest. Despite managements beliefs, there is no assurance that Armed Forces Brewing Company, Inc. will be profitable, or that managements opinion of the industrys favorable dynamics will not be outweighed in the future by unanticipated losses, adverse regulatory developments and other risks. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Best known for Samuel Adams, one of the original "craft beer" names in the U.S. According to the Brewers Association, in 2019, beer sales overall were down 1.9% in 2019 from the prior year, and growth of U.S. beer and craft beer sales had slowed compared to prior years. The stock offering provides all Americans with the opportunity to invest in Armed Forces Brewing Company for as little as $200 at $10 per share with a goal is to raise $7.5 million. Variations in the levels of advertising, marketing and promotional expenditures are expected to cause variability in the Companys results of operations. If you decide to subscribe for any Shares in this Offering, you must deliver a funds for acceptance or rejection. Significant judgment is required in determining our provision for income taxes and other tax liabilities. Alan Beal is a 35-year veteran of the food & beverage industry and has a passion for craft beer and the military. Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or others controlling or working with the Company pursuant to the foregoing provisions, the Company has been informed that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable. Holders of the Companys Class C Shares shall rank pari passu with each other and with any other series or class of the Companys with respect to the payment of dividends. The company is headquartered in San Diego, California. Risks Relating to This Offering and Investment, The Company May Undertake Additional Equity or Debt Financing That May Dilute The Shares In This Offering. Prices for securities traded solely on the Pink Sheets may be difficult to obtain and holders of the Shares and the Companys securities may be unable to resell their securities at or near their original price or at any price. It is reasonably possible that changes in estimates will occur in the near term. The company is a product of the merger between U.S.. 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 donates a portion of its proceeds to organizations that support the military community, such as the Wounded Warrior Project and Operation Homefront. The Shares will only be issued to purchasers who satisfy the requirements set forth in Regulation A. Failure to comply with existing laws and regulations to which the Companys operations are subject or any revisions to such laws and regulations or the failure to pay taxes or other fees imposed on the Companys operations and results could result in the loss, revocation or suspension of the Companys licenses, permits or approvals, and could have a material adverse effect on the Companys business, financial condition and results of operations. AN OFFERING STATEMENT PURSUANT TO REGULATION A RELATING TO THESE SECURITIES HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION. As of February 27, 2023, snowpack in Colorado was 123 percent measured as percent . Upon acceptance by the Company of a subscription, a confirmation of such acceptance will be sent to the investor. Actual results and the timing of events may differ materially from those contained in these forward-looking statements due to a number of factors, including those discussed in the section entitled Risk Factors and elsewhere in this Offering Circular. The Company may not be able to accomplish these tasks, and its failure to accomplish any of them could prevent us from successfully growing the Company. The Company maintains the right to accept or reject subscriptions in whole or in part for any reason or for no reason. The Drag-Along Notice must describe in reasonable detail: (i) the name of the independent purchaser to whom the shares or assets are proposed to be sold; (ii) the proposed date, time, and location of the closing of the Approved Sale; (iii) the per share purchase price and the other material terms and conditions of the Approved Sale, including a description of any non-cash consideration in sufficient detail to permit the valuation of that consideration; and (iv) a copy of any form of agreement executed or proposed to be executed in connection the Approved Sale. Armed Forces Brewing Company - Armed Forces Brewing Co WHO WE ARE DIRECTOR/NATIONAL BRAND AMBASSADOR ROBERT O'NEILL FORMER US NAVY SEAL, SEAL TEAM 6 LEADER Robert O'Neill is one of the most highly-decorated combat Veterans of our time. You can enlist by investing $200 to $499, at which point youll get a sticker, a challenge coin, an invitation to an annual event, a 5% discount at their online store and a few other benefits. Boston Beer also has no debt, which is a rarity among the massive global beer conglomerates. The Company Is Dependent Upon Its Management, Founders, Key Personnel and Consultants to Execute the Business Plan, And Some Of Them Will Have Concurrent Responsibilities At Other Companies. whether as a result of new information, future events or otherwise. Investments in Armed Forces Brewing Company begin at $200, at $10 a share and come in different tiers with their own perks. In addition, the laws of some foreign countries do not protect the Company's proprietary rights to the same extent as do the laws of the United States. I saw the lightning and heard the thunder.. Transferees of the Shares will be required to meet the above suitability standards. Nothing prohibits a shareholder, or any member, partner, employee, or shareholder of a shareholder, from receiving either (i) additional ordinary and. The Company, like any business, is exposed to the risk of employee fraud or other misconduct. PREAMBLE - WE THE PEOPLE/JOHN DALY-MAJOR ED HEART OF A LION FOUNDATION PINT GLASS. If The Company Is Unable to Effectively Protect Its Intellectual Property and Trade Secrets, It May Impair The Companys Ability to Compete, The Companys success will depend on its ability to obtain and maintain meaningful intellectual property protection for any Company intellectual property. Statewide, winter wheat condition declined, with 29 percent of the crop rated good to excellent, compared with 38 percent good to excellent from the previous report, and 21 percent good to excellent last year. There can be no assurance that sufficient funds required during the next year or thereafter will be generated from operations or that funds will be available from external sources, such as debt or equity financings or other potential sources. We plan to eventually acquire an existing brewery or build our own facility. The Company may have to engage in common equity, debt, or preferred stock financings in the future. Rupani is an administrator of acquisitions and grants at theUnited States Geological Surveyand company director. This offering consists of Shares of Class C Common Stock (the Shares or individually, each a Share) that are being offered on a best efforts basis, which means that there is no guarantee that any minimum amount will be sold. Deterioration in the brand equity (brand image, reputation and product quality) of the Company or its products may have a material adverse effect on its financial results as well as your investment. 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. Armed Forces Brewing is distributed in Texas, Maryland, Virginia and Rhode Island and is about to expand to Florida and Alabama. Investors will be subject to substantial risks involved in an investment in the Company, including the risk of losing their entire investment. And theres more! he said with a chuckle. The Company Has Significant Discretion Over The Net Proceeds Of This Offering, The Company has significant discretion over the net proceeds of this Offering. Additionally, early-stage companies inherently involve greater risk than more developed companies. There are now more than 8,000 breweries in operation up from approximately 1,500 breweries in 2009. Armed Forces Brewing Company is located in Poway, California, a suburb of San Diego. Stock options or a significant equity ownership position in the Company may be utilized by the Company in the future to attract one or more new key senior executives or others to manage and facilitate the Companys growth. These calculations do not include the costs of the Offering, and such expenses will cause further dilution. Contact us to find out more information. (1) There are three classes of Shares issued by the Company. Selling broker-dealers and other persons who may participate in the offering may make additional reasonable inquiries in order to verify an investor's suitability for an investment in the Company. Kirin isn't a growth business, though, and sales have been stagnant for years. The photographs, drawings and graphics on the website and in any marketing materials are for illustrative purposes only. The companies that make the foods we eat can also produce investment opportunities. Armed Forces Brewing Company is one such brewery. Since April 24, 2002, all United States brokerage firms have been required to have comprehensive anti-money laundering programs in effect. Our team that is present will hand sign your target after the shooting event. Beneficial ownership and percentage ownership are determined in accordance with the rules of the Securities and Exchange Commission and include voting or investment power with respect to the shares. China's military assets are vast and include land-based attacks . Trade receivables are stated at the amount billed to the customer. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. If you purchase the Shares of Class C Common Stock offered, you will effectively have no voting rights and no control over management of the Company. Get the latest in military news, entertainment and gear in your inbox daily. The following tables illustrate the per Share dilution which would occur under each of the Use of Proceeds section scenarios shown below (before deducting the appropriate offering expenses for each scenario) as of the December 31, 2020 financial statements: If the total capital raised is $1,875,000: Net Tangible Book Value per Share before Offering (based on 3,881,250, Increase in Net Tangible Book Value per Share Attributable to Shares Offered Hereby (based on 187,500 Shares), Net Tangible Book Value per Shares after Offering, Dilution of Net Tangible Book Value per Share to Purchasers in this Offering. The Company believes that the funding to be obtained through this Offering will have a material impact on future operations. The Company recognizes revenue when it has been realized and earned. From January 1, 2020 through December 31, 2020, the Company paid $9,000 in compensation to its executive officers and directors. Armed Forces Brewing Company is a veteran-owned and operated craft brewery based in San Diego, California. In particular, sales, marketing and business arrangements are subject to extensive laws and regulations intended to prevent fraud, misconduct, kickbacks, self-dealing and other abusive practices. THE SECURITIES DESCRIBED IN THIS OFFERING CIRCULAR HAVE NOT BEEN REGISTERED UNDER ANY STATE SECURITIES LAWS (COMMONLY CALLED "BLUE SKY" LAWS). In addition, such unrelated business taxable income may result in a tax preference, which may be subject to the alternative minimum tax. Armed Forces Brewing Company also has a line of non-alcoholic beverages called Battle Beers. Battle Beers are designed to help soldiers stay hydrated during combat operations.Armed Forces Brewing Companys products are available online and in select retailers across the United States. Thanks for reading skymagzines, Hey dear.. For a more detailed discussion of these and other significant risks, see RISK FACTORS in the main body of the Offering Circular. Different rules apply to accredited investors and non-natural persons. 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. We plan to use your investment to brew great beer and grow our brand and distribution. The Company started deliveries through their contract brewer, Peabody Heights Brewery, to a few local Annapolis, Maryland stores. The Companys operating and other expenses could increase without a corresponding increase in revenues, which could have a material adverse effect on the Companys financial results and on your investment. May create bad tasting beer or pose health risk to the customer,! For acceptance or rejection is n't a growth business, though, more. 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