DR HOPS
Hard Seltzer
Overview
Raised: $63,275
Total Commitments ($USD)
Platform
Honeycomb
Start Date
04/02/2024
Close Date
05/03/2024
Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
14.00%
Term Length
14.0 years
Rolling Commitments ($USD)
Status
Active
Reporting Date
04/28/2024
Days Remaining
4
% of Min. Goal
105%
% of Max. Goal
51%
Likelihood of Max
Avg. Daily Raise
$2,434
# of Investors
59
Momentum
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Year Founded
2024
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
DR HOPS is raising funds on Honeycomb. The company makes organic and live-cultured alcoholic beverages using health-conscious ingredients. DR HOPS’ Spiked Living Seltzers are made using real organic fruit, fresh organic acids, hops, and live house-made cultures, and its Real Hard Kombuchas are made with 10% ABV, fresh hops, live house-made cultures, and organic fruit. The products of DR HOPS are sold at BevMo, Whole Foods, Erewhon, and other 450 retailers across Arizona, Florida, and California. Thomas Weaver and Joshua Rood founded DR HOPS in March 2024. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for the production of Spiked Living Seltzer and the expansion of sales and marketing forces.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$386,251 |
$560,882 |
|
COGS |
$240,690 |
$266,913 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,010,427 |
$-897,235 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$5,424 |
$48,007 |
|
Accounts Receivable |
$0 |
$56,633 |
|
Total Assets |
$235,765 |
$336,618 |
|
Short-Term Debt |
$2,781,850 |
$174,396 |
|
Long-Term Debt |
$2,699,471 |
$939,580 |
|
Total Liabilities |
$5,481,321 |
$1,113,976 |
Financials as of: 04/02/2024
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