NXT Water
Early Stage
Innovators in Science-Backed Ultra Functional Beverages: CBD & Plant Powered Hydration
Overview
Raised: $48,550
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/13/2021
Close Date
04/18/2022
Min. Goal
$75,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
Convertible Note
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$10,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/29/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$388
# of Investors
50
Momentum
Not Funded
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
NXT Water, Makers of Akeso, with a valuation of $10,000,00, is raising funds on Wefunder. The company are innovators in science-backed ultra-functional beverages: CBD & plant powered hydration. NXT Water developed an Immunity and Endurance product (no CBD) with more potency of Zinc & Vitamin D than any other beverage on the market. And, they have created the first beverage to provide 100% transparency via blockchain platform. The current crowdfunding campaign has a minimum target of $75,000 and a maximum target of $1,000,000. The campaign proceeds will be used for sales and marketing, point of sale materials and sampling, product/working capital and operating expenses.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$21,099 |
$26,189 |
|
COGS |
$8,171 |
$58,722 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-637,224 |
$-317,501 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$21,724 |
$921 |
|
Accounts Receivable |
$13,942 |
$1,906 |
|
Total Assets |
$98,213 |
$2,827 |
|
Short-Term Debt |
$357,129 |
$357,129 |
|
Long-Term Debt |
$877,900 |
$297,900 |
|
Total Liabilities |
$1,235,029 |
$655,029 |
Financials as of: 12/13/2021
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