Overview
Raised: $37,600
Total Commitments ($USD)
Platform
Honeycomb
Start Date
05/15/2023
Close Date
06/22/2023
Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
13.00%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
06/29/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,016
# of Investors
32
Momentum
Funded
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Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Chew on This Jerky is raising funds on Honeycomb. It is a veteran-owned gourmet jerky company that prides themselves on providing quality products and top-notch customer service. Chew on This Jerky offers mild Traditional Western Beef Jerky to hot and spicy Sriracha Beef Jerky, and everything in between. Eric Bowlus founded Chew on This Jerky in 2017. Eric is a U.S. Army veteran and has 50 years of experience in the food manufacturing and co-packing industry. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $500,000. The campaign proceeds will be used for inventory, working capital and marketing.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$33,988 |
$55,471 |
|
COGS |
$664 |
$27,742 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$31,448 |
$1,932 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$34,800 |
$2,729 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$63,136 |
$3,068 |
|
Short-Term Debt |
$20,863 |
$24,154 |
|
Long-Term Debt |
$3,503 |
$0 |
|
Total Liabilities |
$24,366 |
$24,154 |
Financials as of: 05/15/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Chew On This Jerky | 12/16/2023 | Honeycomb | - | $2,550 | Debt | Not Funded | RegCF |
| Chew On This Jerky | 06/21/2023 | Honeycomb | - | $37,600 | Debt | Funded | RegCF |
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