MISE
Culinary footwear
Overview
Raised: $124,000
Total Commitments ($USD)
Platform
SMBX
Start Date
03/15/2023
Close Date
04/13/2023
Min. Goal
$25,000
Max. Goal
$124,000
Min. Investment
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
11.00%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$4,429
Momentum
Funded
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Year Founded
2020
Industry
Apparel & Fashion
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
MISE is raising funds on SMBX. The company makes stylish kitchen shoes for people in the culinary industry. The shoes of MISE are designed to ensure fit, comfort, and performance and feature removable and washable insoles, water-resistant uppers, and TPU cupsoles to shield against splashes, spills, and sharp objects. MISE has already sold more than 2,500 pairs of shoes and has been featured in several publications. Erik Hernandez founded MISE in May 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 for additional shoe inventory.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$186,622 |
$21,011 |
|
COGS |
$150,774 |
$1,389 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-205,619 |
$-34,426 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$76,132 |
$56,286 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$219,466 |
$162,066 |
|
Short-Term Debt |
$35,851 |
$13,300 |
|
Long-Term Debt |
$190,613 |
$0 |
|
Total Liabilities |
$226,464 |
$13,300 |
Financials as of: 03/15/2023
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