Corrective Skin Care

Early Stage

Salon

Analytics

Raised to Date: 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

Business Type

Growth

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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Corrective Skin Care on Honeycomb 2022
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Platform: Honeycomb
Security Type: Debt

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