HONE
Grocery Product Merchant
Overview
Raised: $33,980
Total Commitments ($USD)
Platform
SMBX
Start Date
04/20/2023
Close Date
06/05/2023
Min. Goal
$20,000
Max. Goal
$124,000
Min. Investment
$10
Security Type
Debt
SEC Filing Type
RegCF
Interest Rate
10.00%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
06/29/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$755
Momentum
Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
STANWOOD, Washington
HONE is raising funds on SMBX. The company makes a kombucha beverage for energy using cordyceps mushrooms. The mushroom-based matcha of HONE is natural and provides energy with an overall feeling of well-being. HONE works to improve minds and bodies, makes people feel good, and does not include any chemical fillers. The products are made sustainably in Portland, Oregon, and shipped throughout the country. Christopher Gonzales and Ari Gordon founded HONE in January 2019. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $124,000. The campaign proceeds will be used for inventory, marketing, and advertising.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$259,090 |
$79,169 |
|
COGS |
$175,327 |
$72,538 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-27,340 |
$-121,163 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$4,364 |
$50,526 |
|
Accounts Receivable |
$112,364 |
$0 |
|
Total Assets |
$230,955 |
$90,420 |
|
Short-Term Debt |
$74,986 |
$32,535 |
|
Long-Term Debt |
$8,000 |
$160,000 |
|
Total Liabilities |
$82,986 |
$192,535 |
Financials as of: 04/20/2023
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