Canine Weight Set
Pet Care
Overview
Raised: $350
Total Commitments ($USD)
Platform
Honeycomb
Start Date
01/18/2024
Close Date
02/17/2024
Min. Goal
$25,000
Max. Goal
$35,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
13.00%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
02/16/2024
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$12
# of Investors
2
Momentum
Not Funded
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Year Founded
2018
Industry
Pet Health, Food, and Services
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Canine Weight Set is raising funds on Honeycomb. The company’s signature product is a weighted dog vest that supports dog’s health. Canine Weight Set’s vest is fitted with adjustable sandbag weights that help dogs in muscle maintenance, injury rehabilitation, and weight management. The business has been featured in multiple pet magazines and has seen consistent growth in net income. Eul Speed founded Canine Weight Set in March 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $35,000. The campaign proceeds will be used for advertising, marketing, inventory, and trade shows.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$43,613 |
$39,017 |
|
COGS |
$5,928 |
$5,856 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$23,140 |
$18,467 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$62,113 |
$39,017 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$81,563 |
$88,467 |
|
Short-Term Debt |
$2,000 |
$0 |
|
Long-Term Debt |
$10,800 |
$10,800 |
|
Total Liabilities |
$12,800 |
$10,800 |
Financials as of: 01/18/2024
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