NITRO Beverage
Early Stage
DRINK DIFFERENT. DRINK NITRO.
Overview
Raised: $158,752
Total Commitments ($USD)
Platform
StartEngine
Start Date
11/17/2022
Close Date
02/15/2023
Min. Goal
$10,000
Max. Goal
$1,234,999
Min. Investment
$250
Security Type
Equity - Preferred
Series
Seed
Funding Type
RegCF
Price Per Share
$0.07
Pre-Money Valuation
$11,401,951
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/02/2023
Days Remaining
13
% of Min. Goal
1,588%
% of Max. Goal
13%
Likelihood of Max
Avg. Daily Raise
$2,062
# of Investors
131
Momentum
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Location
Asbury Park, New Jersey
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
NITRO Beverage, with a valuation of $11.4 million, is raising funds on StartEngine. The business uses the power of nitrogen to create an exciting drinking experience. NITRO Beverage has its coffee drinks in the market and recently introduced NITRO Kombucha to the beverages market. NITRO Beverage products have a loyal customer base and are available in over 1,500 stores nationwide at major retailers, including Whole Foods Market, 7-11, and ShopRite Stores. Mike D’Amico, Kareem Elhamasy, and Paolo D’Amico founded NITRO Beverage in August 2016. The current crowdfunding campaign has a minimum target of $9,999.99 and a maximum target of $1.23 million. The campaign proceeds will be used for product innovations, manufacturing, marketing, and expansion in domestic and international markets.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$814,900 |
$656,247 |
|
COGS |
$663,353 |
$568,441 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,073,409 |
$-216,370 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$39,428 |
$138,402 |
|
Accounts Receivable |
$51,526 |
$46,050 |
|
Total Assets |
$196,831 |
$240,963 |
|
Short-Term Debt |
$52,838 |
$330,214 |
|
Long-Term Debt |
$62,417 |
$334,558 |
|
Total Liabilities |
$115,255 |
$664,772 |
Financials as of: 11/17/2022
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