Innovative Recordings

Innovative Recordings

Music and Video Production

Music and Video Production


Raised this Round: Raised: $11,850

Total Commitments ($USD)



Start Date


Close Date


Min. Goal
Max. Goal
Min. Investment


Security Type




SEC Filing Type

RegCF    Open SEC Filing

Interest Rate


Term Length

3.0 years

Year Founded



Media, Entertainment & Publishing

Tech Sector


Distribution Model




Capital Intensity



Washington, District of Columbia

Business Type


Innovative Recordings is raising funds on SMBX. The company is raising funds for its food and beverage business, Potomac Foods & Beverages. The main offering of the business is its drink, Shorty’s Sangria, which comes in three flavors: strawberry with cognac, green apple with cognac, and passion fruit with cognac. Potomac Foods & Beverages aims for people to enjoy the flavor, quality, and fun of its drink. Charles Garris founded Innovative Recordings in July 2018. The current crowdfunding campaign has a minimum target of $40,000 and a maximum target of $120,000. The campaign proceeds will be used for manufacturing and distribution, marketing, and working capital.

Summary Profit and Loss Statement

FY 2021 FY 2020












Net Income



Summary Balance Sheet

FY 2021 FY 2020




Accounts Receivable



Total Assets



Short-Term Debt



Long-Term Debt



Total Liabilities



Financials as of: 01/30/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Innovative Recordings 03/19/2023 SMBX - $11,850 Debt Not Funded RegCF
Innovative Recordings 07/12/2022 SMBX - $225,230 Debt Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Innovative Recordings on SMBX 2023
Platform: SMBX
Security Type: Debt

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