NERD Focus
Growth Stage
The Original Think Drink
Overview
Raised: $325,546
Total Commitments ($USD)
Platform
StartEngine
Start Date
11/14/2023
Close Date
04/29/2024
Min. Goal
$14,999
Max. Goal
$1,234,998
Min. Investment
$400
Security Type
Equity - Common
Series
Series B
SEC Filing Type
RegCF
Price Per Share
$2.01
Pre-Money Valuation
$19,596,728
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/04/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,961
# of Investors
225
Momentum
Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
Low
Capital Intensity
Low
NERD Focus, with a valuation of $19.6 million, is raising funds on StartEngine. The company is revitalizing the energy drinks industry with its powerful nootropics-based drink. NERD Focus’s The Original Think Drink contains potent ingredients that help enhance focus and concentration and boost performance. NERD Focus is currently available in over 2,000 locations and has retail partnerships with Buc-ee’s and H-E-B. Rocco J. LaVista and Howard Davner founded NERD Focus in February 2020. The current crowdfunding campaign has a minimum target of $14,998.62 and a maximum target of $1.23 million. The campaign proceeds will be used for brand development and marketing, inventory, infrastructure, and personnel.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$758,552 |
$734,735 |
|
COGS |
$662,525 |
$632,165 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-2,320,350 |
$-2,777,796 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$85,035 |
$52,550 |
|
Accounts Receivable |
$19,797 |
$18,945 |
|
Total Assets |
$882,008 |
$1,088,812 |
|
Short-Term Debt |
$373,757 |
$17,433 |
|
Long-Term Debt |
$150,473 |
$24,652 |
|
Total Liabilities |
$524,230 |
$42,085 |
Financials as of: 11/14/2023
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