goodwerks

goodwerks

EDC products

EDC products

Overview

Raised to Date: Raised: $60,959

Total Commitments ($USD)

Platform

Honeycomb

Start Date

07/28/2023

Close Date

08/28/2023

Min. Goal
$35,000
Max. Goal
$70,000
Min. Investment

$100

Security Type

Debt

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

13.00%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

09/03/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,966

# of Investors

91

Momentum
Funded
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Year Founded

2022

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Location

FLUSHING, Michigan

goodwerks is raising funds on Honeycomb. The company is based in Flushing, Michigan, and makes handmade everyday carry pouches, bags, and accessories. goodwerks products are made using high-quality material, including Cordura Nylon and recycled polyester, and are functional and durable. goodwerks is also community-focused and donates money from its earnings to several non-profit organizations. Timothy Galloway founded goodwerks in January 2022. The current crowdfunding campaign has a minimum target of $35,000 and a maximum target of $70,000. The campaign proceeds will be used for securing a workshop, buying machinery, hiring employees and a design consultant, consolidating debt, acquiring bulk product materials, outfitting new space with production assets, and working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$53,501

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$26,833

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$-11,555

$0

Accounts Receivable

$0

$0

Total Assets

$7,341

$0

Short-Term Debt

$13,488

$0

Long-Term Debt

$0

$0

Total Liabilities

$13,488

$0

Financials as of: 07/28/2023
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goodwerks on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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