Corrective Skin Care
Early Stage
Salon
Analytics
Raised: $16,500
Aggregate Commitments $
Platform
Honeycomb
Start Date
03/30/2022
Close Date
05/17/2022
Min. Goal
$15,000
Max. Goal
$50,000
Min. Investment
$100
Security Type
Debt
Funding Type
RegCF
Series
Pre-Seed
Rolling Commitments $
Status
Funded
Reporting Date
05/25/2022
Days Remaining
Funded
% of Min. Goal
110%
% of Max. Goal
33%
Likelihood of Max
Funded
Avg. Daily Raise
$344
Momentum
Funded
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Location
Millcreek, Utah
Industry
Beauty & Personal Care
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Corrective Skin Care is raising funds on Honeycomb. The business makes clean and high-quality skincare products that produce visible results. The products and formulations of Corrective Skin Care are suitable for all skin types and various skin concerns. Corrective Skin Care offers online consultations along with informational tools, skincare treatments, and other services. The business reported a 100% year-over-year growth in revenue in 2021. Kelly Brown founded Corrective Skin Care in August 2004. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $50,000. The campaign proceeds will be used to hire a product manager.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$176,512 |
$88,067 |
|
COGS |
$67,957 |
$36,985 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$25,533 |
$-4,935 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$16,018 |
$781 |
|
Accounts Receivable |
$0 |
$51,480 |
|
Total Assets |
$63,077 |
$52,891 |
|
Short-Term Debt |
$542 |
$6,106 |
|
Long-Term Debt |
$126,692 |
$43,870 |
|
Total Liabilities |
$127,234 |
$49,976 |
Financials as of: 03/30/2022
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