Overview
Raised: $40,000
Total Commitments ($USD)
Platform
Honeycomb
Start Date
08/16/2023
Close Date
09/15/2023
Min. Goal
$30,000
Max. Goal
$40,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
8.00%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/24/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,333
# of Investors
46
Momentum
Funded
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Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Lion Cub’s Cookies is raising funds on Honeycomb. It is a well-known cookie brand in Grandview Heights, Ohio. The bakery makes warm and fresh giant cookies using high-quality ingredients and serves the Ohio community with its cookies and customer service. Lion Cub’s Cookies is also known for its charitable contributions and has been voted Best Cookies in Columbus every year since 2021. Bradley Kaplan founded Lion Cub’s Cookies in January 2022. The current crowdfunding campaign has a minimum target of $30,000 and a maximum target of $40,000. The campaign proceeds will be used to purchase equipment for the second location in Worthington, Ohio.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$514,562 |
$893,992 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$271,891 |
$676,111 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$620,997 |
$550,173 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$656,544 |
$550,173 |
|
Short-Term Debt |
$4,528 |
$308 |
|
Long-Term Debt |
$114,674 |
$127,988 |
|
Total Liabilities |
$119,202 |
$128,296 |
Financials as of: 08/16/2023
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