Art of Kava
Kava Products
Overview
Raised: $1,400
Total Commitments ($USD)
Platform
Honeycomb
Start Date
06/08/2023
Close Date
07/07/2023
Min. Goal
$50,000
Max. Goal
$100,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
12.00%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
07/08/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$48
# of Investors
7
Momentum
Not Funded
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Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Art of Kava is raising funds on Honeycomb. It is a specialized e-commerce business that offers a line of high-quality kava products to consumers. Kava is a traditional Pacific Islander beverage with a rich cultural history and benefits and is known for its sociable and soothing effects. Art of Kava sells the highest quality kava and educates its customers about its preparation methods and overall benefits. Zac Holzapfel founded Art of Kava in January 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used to purchase inventory to lower the per-kilogram cost.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$117,055 |
$19,884 |
|
COGS |
$73,993 |
$15,873 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-3,393 |
$-6,712 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$1,053 |
$2,819 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,053 |
$2,819 |
|
Short-Term Debt |
$7,305 |
$8,210 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$7,305 |
$8,210 |
Financials as of: 06/08/2023
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