MetaMorph Jewelry Studio
MetaMorph Jewelry Studio is a jewelry manufacturing business.
Overview
Raised: $25,000
Total Commitments ($USD)
Platform
Honeycomb
Start Date
08/15/2022
Close Date
09/30/2022
Min. Goal
$40,000
Max. Goal
$60,000
Min. Investment
$100
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Interest Rate
12.00%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
09/30/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$556
# of Investors
47
Momentum
Not Funded
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Year Founded
2015
Industry
Retail Shops & Department Stores
Tech Sector
Retailtech
Distribution Model
Margin
High
Capital Intensity
Low
MetaMorph Jewelry Studio is raising funds on Honeycomb. It is a jewelry manufacturing business where the owner manages every facet of the business, from product development to fabrication and sales. The company’s primary product is handcrafted metalwork jewelry fabricated from raw materials like bronze, 925 sterling silver, and 14k gold filled. The focus of the business is on trend, heirloom quality, eco-friendliness, versatility, and multiple pricing tiers. Sarah Daigneault founded MetaMorph Jewelry Studio in April 2015. The current crowdfunding campaign has a minimum target of $40,000 and a maximum target of $60,000. The campaign proceeds will be used for equipment, inventory, professional services, working capital, and opening a second location.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$113,947 |
$32,546 |
|
COGS |
$47,700 |
$18,070 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$10,995 |
$6,936 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$17,658 |
$2,329 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 08/15/2022
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| MetaMorph Jewelry Studio | 09/29/2022 | Honeycomb | - | $25,000 | Debt | Not Funded | RegCF |
| MetaMorph Jewelry Studio | 01/11/2022 | Honeycomb | - | $25,000 | Debt | Funded | RegCF |
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