Project Coffeepot

Founder did not disclose his MCA debt when asked directly. On an Aug 31, 2026 diligence call, asked plainly about any other debt or loans, the founder named only ~$16,000 in small trade payables (trailer builder, old equipment supplier) — not Itria Ventures LLC or Funding Metrics LLC, despite ~$106,275 in identified draws and active repayment through June 2026. Needs to be raised with him directly, by name.

Two unlabeled "Other Withdrawals" totaling $9,363 in June 2026 ($8,000 on 6/1, $1,363 on 6/15) carry no description in the bank statement at all. Needs a direct, specific answer from the founder before it can be assumed to be anything.

Merchant cash advance debt confirmed active. Repayment structure shifted from ~22 daily debits of $118.34 (Jan 2026) to ~4 weekly debits of $552.23 (Jun 2026) — total monthly debt service is roughly flat (~$2,200–$2,600/month), not dramatically higher; it's the frequency and structure that changed, consistent with the $11,314 draw identified in February. A separate Itria Ventures relationship exists from 2024. Outstanding balances unknown.

Trailer builder built a competing combo unit under the same patent relationship. Founder-disclosed (Aug 31, 2026): after a prior joint-venture attempt fell through, the builder constructed a coffee-and-food combo trailer under the same patent. Needs a sale-split or destruction, in writing, before assuming clean IP ownership.

"Cafecito & Co, LLC" / "Cuban Cafecito Co LLC" — $40,000 in June 2025 and $15,000 in March 2026, both reading as related-party or loan activity rather than ordinary revenue. Relationship unconfirmed; excluded from all adjusted revenue figures pending founder clarification.

Confirmed personal use of the business account, including an international trip (Los Cabos, Mexico — restaurants, Uber Eats, Starbucks, plus foreign-exchange fees) charged directly to the business debit card, alongside recurring personal credit-card payments and family Zelle transfers.

No P&L, balance sheet, or tax returns exist. The founder's own data room folders for these are empty. Everything in the deal memo's financial sections is reconstructed directly from Chase bank statements, not accountant-prepared — real bookkeeping support (Milagrito Accounting) and a marketing vendor (Think Line Consulting Corp) were confirmed, which is a modest positive signal.