Nuttin Ordinary by Clean Simple Foods
Early Stage
Crafting Premium Plant-Based Food With Integrity
Overview
Raised: $246,300
Total Commitments ($USD)
Platform
StartEngine
Start Date
09/16/2022
Close Date
01/27/2023
Min. Goal
$10,000
Max. Goal
$1,069,999
Min. Investment
$250
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.75
Pre-Money Valuation
$3,517,500
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/31/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,852
# of Investors
144
Momentum
Funded
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Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Nuttin Ordinary by Clean Simple Foods, with a valuation of $3.52 million, is raising funds on StartEngine. It is a premium cheese and food company that makes 100% plant-based food. It uses cashews and other high-quality natural ingredients and age-old cheese fermentation techniques to create clean and delicious food products. The craft cheese of Nuttin Ordinary by Clean Simple Foods has great taste and texture and comes in a variety of flavors. Joshua Velasquez founded Nuttin Ordinary by Clean Simple Foods in April 2022. The current crowdfunding campaign has a minimum target of $9,999.50 and a maximum target of $1,069,999. The campaign proceeds will be used to launch new product lines and flavors, update the packaging design, and expand distribution and retail.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$303,687 |
$508,607 |
|
COGS |
$273,921 |
$438,561 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-332,752 |
$-252,057 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$21,390 |
$16,991 |
|
Accounts Receivable |
$6,863 |
$63,312 |
|
Total Assets |
$452,376 |
$595,137 |
|
Short-Term Debt |
$225,560 |
$239,773 |
|
Long-Term Debt |
$1,612,320 |
$1,422,331 |
|
Total Liabilities |
$1,837,880 |
$1,662,104 |
Financials as of: 09/16/2022
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