Cinelounge
Motion Picture Theaters
Overview
Raised: $58,280
Total Commitments ($USD)
Platform
SMBX
Start Date
10/31/2023
Close Date
12/07/2023
Min. Goal
$20,000
Max. Goal
$124,000
Min. Investment
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
11.25%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/08/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,575
Momentum
Funded
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Year Founded
2009
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Cinelounge is raising funds on SMBX. It is a motion picture theatre in Tiburon, California that brings the community together. Cinelounge has a 3-screen movie theatre and a performance venue with Dolby Digital 7.1 Surround and 4K Laser Projection. The theatre aims to capture the B2C neighborhood theatre market by immersing the viewers in the magic of cinema and special events. Christian Meoli founded Cinelounge in May 2009. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $124,000. The campaign proceeds will be used for debt consolidation, working capital, brand awareness and marketing, and lighting work for the second auditorium for private events.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$727,885 |
$949,051 |
|
COGS |
$413,193 |
$631,604 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-287,214 |
$88,444 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$117,744 |
$286,909 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,453,693 |
$823,130 |
|
Short-Term Debt |
$136,800 |
$91,214 |
|
Long-Term Debt |
$1,511,070 |
$703,151 |
|
Total Liabilities |
$1,647,870 |
$794,365 |
Financials as of: 10/31/2023
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