Encore Artistic Solutions
Early Stage
Make More Art, Not More Waste
Overview
Raised: $85,688
Total Commitments ($USD)
Platform
StartEngine
Start Date
11/02/2022
Close Date
02/14/2023
Min. Goal
$9,999
Max. Goal
$1,234,999
Min. Investment
$249
Security Type
Equity - Common
Series
Seed
Funding Type
RegCF
Price Per Share
$1.65
Pre-Money Valuation
$13,535,775
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/01/2023
Days Remaining
13
% of Min. Goal
857%
% of Max. Goal
7%
Likelihood of Max
Avg. Daily Raise
$942
# of Investors
29
Momentum
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Location
Oceanside, California
Industry
Consumer Products, Goods & Services
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Encore Artistic Solutions, with a valuation of $13.54 million, is raising funds on StartEngine. The company has developed a patent-pending process that transforms discarded paint into high-quality fine art paint. The first product of Encore Artistic Solutions is a premium fine art paint named Tomorrow’s Artist that aims to make sustainability a part of artistic practices. The business is reducing the amount of paint that ends up in landfills and delivering premium paint that artists love. Steve Ross founded Encore Artistic Solutions in July 2021. The current crowdfunding campaign has a minimum target of $9,999 and a maximum target of $1.23 million. The campaign proceeds will be used to launch a social media marketing campaign, develop new and exciting products, and establish strategic partnerships.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$812 |
$0 |
|
COGS |
$4,093 |
$14,890 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-153,484 |
$-49,534 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$10,691 |
$1,437 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$10,691 |
$1,437 |
|
Short-Term Debt |
$2,858 |
$0 |
|
Long-Term Debt |
$50,000 |
$0 |
|
Total Liabilities |
$52,858 |
$0 |
Financials as of: 11/02/2022
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