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Accounts and Notes Receivable. Robert is Armed Forces Brewings Military Relations Director, a member of our Board of Directors and our National Brand Ambassador. Ongoing questions surrounding COVID-19's origins are a vexing irritant in the U.S. and China relationship, with tensions between Washington and Beijing newly roiling over the discovery of a Chinese spy balloon in late January, plus Beijing's close ties with Russia amid its war in Ukraine and the risk of conflict related to Taiwan. See The Offering Page 13 and Securities Being Offered Page 67 For Further Details. Armed Forces Brewing may be based in Annapolis, Maryland, home of the U.S. The Companys Future Financial Performance And Its Ability To Compete Effectively Will Depend, In Part, On The Companys Ability To Manage Any Future Growth Effectively. Management believes that those issued to date either (i) provide supplemental guidance, (ii) are technical corrections, (iii) are not applicable to us or (iv) are not expected to have a significant impact our financial statements. Such future fund raising will further dilute the percentage ownership of the Shares sold herein in the Company. Existing patent, copyright, trademark and trade secret laws afford only limited protection. 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. The majority of our currently outstanding stock is beneficially owned and controlled by a group of insiders, including our employees, directors, executive officers and inside shareholders. The Amount Of Capital The Company Is Attempting To Raise In This Offering May Not Be Enough To Sustain The Company's Current Business Plan. Any fiduciary, participant or beneficiary considering an investment in Shares by a qualified retirement plan IRA or Keogh Plan should examine the individual circumstances of that plan to determine that the investment will not be a prohibited transaction. Therefore, each prospective Shareholder should satisfy himself as to the tax consequences of participating in the Company by obtaining independent advice from his, her or its own tax advisers. Additionally, convertible notes may have a price cap on the conversion price, which effectively acts as a share price ceiling. This is an industry mostly devoid of small, fast-growing companies -- at least, publicly traded ones for the average investor. To help you understand these efforts, the Company wants to provide you with some information about money laundering and the Companys efforts to help implement the USA Patriot Act. You can also view it on the SECs website here. Until then, Armed Forces Brewing will continue contract brewing at facilities that can uphold the high standards we have created for brewing, packaging and delivering our beers. The Company will face significant competition in the United States, Canada and elsewhere which could adversely affect your investment. Armed Forces Brewing Company, Inc. (A Delaware Corporation) 1420 Catlyn Place Annapolis, MD 21401 410-999-4117 www.ArmedForcesBrewingCo.com 750,000 Shares of Non-Voting Class C Common Stock at $10.00 per Share Minimum Investment: 20 Shares of Non-Voting Class C Common Stock ($200.00) Maximum Offering: $7,500,000.00 Rupani is an administrator of acquisitions and grants at theUnited States Geological Surveyand company director. The girls had ARMED FORCES BREWING COMPANY. 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. Contact us to find out more information. A Review of Special Hops IPA by Armed Forces Brewing. The Company expects to incur additional expenses and diversion of management's time if and when it becomes necessary to perform the system and process evaluation, testing and remediation required in order to comply with the management certification and auditor attestation requirements. These expenditures may adversely affect the Companys results of operations and may not result in increased sales. If the Approved Sale is structured as a sale of shares, each shareholder will receive the consideration for its shares that is set forth in the acquisition agreement for the Approved Sale. 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. As a result, the Company believes that its accounts receivable credit risk exposure is limited, and it has not experienced significant write-downs in its accounts receivable balances. As of December 31, 2020, the Company did not have any material outstanding accounts receivable. 2022 has been a huge year for Armed Forces Brewing Coand we want you to join us as we roll into 2023. You should read the following discussion and analysis of the Company's financial condition and results of the Company's operations together with the Company's financial statements and related notes appearing at the end of this Offering Circular. I respect that they employ veterans but seems like a marketing cash grab to those who are balls deep into guns and the military with the main focus being the owner killed Bin Laden. Additionally, early-stage companies inherently involve greater risk than more developed companies. The companys onsite roster lists a number of other military veterans, from fellow Navy SEALs to former Army Special Forces. Accordingly, no person should purchase the Shares unless he or she is willing to entrust all aspects of management to the Company. The Company Is Not Subject To Sarbanes-Oxley Regulations And Lack The Financial Controls And Safeguards Required Of Public Companies. Armed Forces Brewing Company is dedicated to supporting the military community through its charitable foundation, the Armed Forces Foundation. As of December 31, 2019, the Company did not have any material outstanding accounts receivable. 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. The term fiduciary is defined generally to include any person who exercises any authority or control over the management or disposition of plan assets. The Companys ability to obtain and then maintain its distribution arrangements may be adversely affected by the fact that many of its distributors will be reliant on one of the major beer producers for a large percentage of their revenue and, therefore, they may be influenced by such producers. Foam & Folly Brewing 330 S. 2nd Street and Moon Mountain Rock Shop 338 S. 2nd Street . 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. 2 beer maker, but it gives Kirin a new area to plant seeds of future expansion. AS SUCH, THE COMPANY BELIEVES THAT THIS OFFERING CIRCULAR CONTAINS A FAIR SUMMARY OF THE TERMS OF ALL MATTERS, DOCUMENTS AND CIRCUMSTANCES MATERIAL TO THIS OFFERING. 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. At present, the Company believes that the estimated cost to the company related to the shareholder benefits/perks listed above is not material. If a sale does occur, gain or loss realized on the sale of all or a portion of the Shares of Class C Common Stock by a Shareholder may be subject to taxation on capital gain or loss. Plant-based eating has grown in popularity. 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. IF YOU ARE UNCERTAIN AS TO WHETHER OR NOT OFFERS OR SALES MAY BE LAWFULLY MADE IN ANY GIVEN STATE, YOU ARE HEREBY ADVISED TO CONTACT THE COMPANY. *** Restrictions apply. 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. Grocery Outlet (GO) Q4 2022 Earnings Call Transcript, Cumulative Growth of a $10,000 Investment in Stock Advisor, Copyright, Trademark and Patent Information. The Companys principal shareholders may be able to control matters requiring approval by its shareholders, including mergers or other business combinations. We plan to use your investment to brew great beer and grow our brand and distribution. Risks Relating to This Offering and Investment, The Company May Undertake Additional Equity or Debt Financing That May Dilute The Shares In This Offering. If so, further dilution will occur, but these shares that may be converted are not reflected in the two tables and are not included in any dilution calculations in this Offering Circular. 21 See more Follow us on social media: Instagram: armedforcesbrewingcompany Twitter: @ArmedForcesBC Parler: @ArmedForcesBrewingCompany 78,244 people like this 80,203 people follow this As of December 31, 2019, the Company had fixed assets of $2,169. The Company will conduct one or more closings on a rolling basis as funds are received from investors. Some of the advisors, consultants and others to whom the Companys ultimate success may be reliant upon have not signed contracts with the Company and may not ever do so. An investment in the Companys Shares is speculative and there is no assurance that investors will obtain any return on their investment. Dividends will be declared, if at all (and subject to the rights of holders of additional classes of securities, if any), in the discretion of the Companys Board of Directors. Kirin also has a health science group, leveraging its expertise in beverage production to build a healthy food and drink business. and capacity. The type of dilution that negatively affects early-stage investors most occurs when the Company sells more Shares or securities in a down round, meaning at a lower valuation than in earlier offerings. The alcoholic beverage industry has been the subject of considerable societal and political attention for several years, due to public concern over alcohol-related social problems, including driving under the influence, underage drinking and health consequences from the misuse of alcohol, including alcoholism. The Company evaluates its tax positions that have been taken or are expected to be taken on income tax returns to determine if an accrual is necessary for uncertain tax positions. The Market For Beer and Craft Beer Was Slowing Prior To The Pandemic. Further, even if these efforts are successful, they may not be cost-effective. The indemnification provisions of the Companys Bylaws contain additional rights and obligations related to this subject. But persistent double-digit percentage sales growth is fantastic in an industry largely dominated by slow and predictable consumption trends. These laws and regulations are subject to frequent reevaluation, varying interpretations and political debate, and inquiries from governmental regulators charged with their enforcement. The execution and tender of the documents required, as detailed in the materials, constitutes a binding offer to purchase the number Shares stipulated therein and an agreement to hold the offer open until the offer is accepted or rejected by the Company. 3 Immediate family of a senior foreign political figure typically includes such figures parents, siblings, spouse, children and in-laws. Dalmore is not distributing any securities offering prospectuses in this Regulation A Offering or making any oral representations concerning the securities offering in this Regulation A Offering. If the Offering is terminated without a Closing, or if a prospective Investors subscription is not accepted or is cut back due to oversubscription or otherwise, such amounts placed into the Holding Account by prospective Investors will be returned promptly to them without interest or deductions. 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