Mayes NYC
Clothing
Overview
Raised: $15,450
Total Commitments ($USD)
Platform
Honeycomb
Start Date
10/13/2022
Close Date
03/06/2023
Min. Goal
$15,000
Max. Goal
$75,000
Min. Investment
$100
Security Type
Debt
Payment Schedule
Quarterly
SEC Filing Type
RegCF
Interest Rate
12.75%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/31/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$107
# of Investors
20
Momentum
Funded
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Year Founded
2020
Industry
Apparel & Fashion
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Mayes NYC is raising funds on Honeycomb. The company designs sustainable luxury clothing for all women, irrespective of their size. The clothes of Mayes NYC fit women sized 10-28 and help plus-sized women look fun and fashionable and feel confident and sophisticated. The Mayes NYC clothing is made in the US ethically and using sustainable fabric. Brandy Wykes founded Mayes NYC in March 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $75,000. The campaign proceeds will be used to strengthen the inventory for adding three new relators- Saks Fifth Avenue, Neimus Marcus, and Nordstrom.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$12,264 |
$0 |
|
COGS |
$3,350 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-44,885 |
$-34,864 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$3,276 |
$4,906 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$188,173 |
$127,747 |
|
Short-Term Debt |
$24,571 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$24,571 |
$0 |
Financials as of: 10/13/2022
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