Hibear
Durable Goods
Overview
Raised: $137,220
Total Commitments ($USD)
Platform
SMBX
Start Date
03/28/2022
Close Date
04/29/2022
Min. Goal
$75,000
Max. Goal
$150,000
Min. Investment
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$4,426
Momentum
Funded
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Year Founded
2020
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Hibear is raising funds on SMBX. The company makes and sells sustainable adventure products with All-Day Adventure Flask as its flagship product. The flask combines the functionality of beverage-making with the use of an everyday water bottle. The All-Day Adventure Flask comes with a removable silicone sleeve, a stainless steel filter for infusions, a strainer for shaking cocktails, and a steel thermal core. Mark Tsigounis founded Hibear in December 2020. The current crowdfunding campaign has a minimum target of $75,000 and a maximum target of $150,000. The campaign proceeds will be used for inventory, marketing, and hiring staff.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$290,177 |
$-449 |
|
COGS |
$109,271 |
$-450 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$44,193 |
$55,860 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$125,252 |
$99,137 |
|
Accounts Receivable |
$8,029 |
$0 |
|
Total Assets |
$350,997 |
$302,839 |
|
Short-Term Debt |
$5,970 |
$508 |
|
Long-Term Debt |
$297,398 |
$180,355 |
|
Total Liabilities |
$303,368 |
$180,863 |
Financials as of: 03/28/2022
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