Color+Light
Early Stage
Make your home the destination
Overview
Raised: $32,664
Total Commitments ($USD)
Platform
StartEngine
Start Date
07/18/2022
Close Date
10/17/2022
Min. Goal
$9,996
Max. Goal
$999,997
Min. Investment
$294
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$5.66
Pre-Money Valuation
$5,002,138
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
10/25/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$363
# of Investors
22
Momentum
Not Funded
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Year Founded
2020
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Color+Light, with a valuation of $5 million, is raising funds on StartEngine. The company is developing the products and technology to bring immersive lighting indoors. The business creates immersive experiences using cutting-edge LED art and technology and implements volumetric algorithmic animations. Color+Light will work on both a hardware business model and a software business model wherein other lighting manufacturers can license the software. Aaron Oppenheimer and Jacob Lampack founded Color+Light in March 2020. The current crowdfunding campaign has a minimum target of $9,995.56 and a maximum target of $999,997.48. The campaign proceeds will be used to expand the Fluora product line and expand its reach.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$677,191 |
$692,291 |
|
COGS |
$822,864 |
$470,914 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$565,561 |
$142,190 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$163,082 |
$399,955 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$163,082 |
$399,955 |
|
Short-Term Debt |
$654,160 |
$539,136 |
|
Long-Term Debt |
$224,865 |
$3,000 |
|
Total Liabilities |
$879,025 |
$542,136 |
Financials as of: 07/18/2022
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