Protochol Beverage
Early Stage
Spiked Protein
Overview
Raised: $31,900
Total Commitments ($USD)
Platform
Honeycomb
Start Date
05/10/2023
Close Date
06/26/2023
Min. Goal
$25,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
Uncapped
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/01/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$693
# of Investors
67
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
Protochol Beverage is raising funds on Honeycomb. The company has created a unique line of beverages that combine protein with alcohol to create spiked protein. The beverages of Protochol Beverage contain 8% ABV and 11gm protein in a 16oz drink and come with a light texture and a tropical fruit taste. Protochol Beverage works for people with active lifestyles who want to enjoy themselves along with getting their protein to refuel. Mitch Clark founded Protochol Beverage in July 2020. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for marketing and operations.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$94,712 |
$1,144 |
|
COGS |
$124,394 |
$2,883 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-139,577 |
$-74,273 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$35,249 |
$66,605 |
|
Accounts Receivable |
$816 |
$0 |
|
Total Assets |
$76,264 |
$118,930 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$109,797 |
$25,797 |
|
Total Liabilities |
$109,797 |
$25,797 |
Financials as of: 05/10/2023
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