Remark Glass

Remark Glass

Breathing New Life into Post-Consumer Glass Waste

Breathing New Life into Post-Consumer Glass Waste

Overview

Raised this Round: Raised: $96,711

Total Commitments ($USD)

Platform

Honeycomb

Start Date

06/10/2024

Close Date

07/25/2024

Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.50%

Term Length

3.0 years

Year Founded

2016

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Philadelphia, Pennsylvania

Business Type

Life Style

Remark Glass is raising funds on Honeycomb. The company is a Philadelphia-based business that creates unique glassware and home décor items from recycled glass. Their product offerings include handcrafted glassware and custom art pieces that emphasize sustainability and craftsmanship. Remark Glass aims to reduce waste and promote environmental responsibility through their innovative use of recycled materials. Rebecca Davies and Danielle Ruttenberg founded Remark Glass in 2016. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used to expand production capabilities, purchase new equipment, increase inventory, and invest in marketing initiatives to broaden their customer base.

Summary Profit and Loss Statement

FY 2024 FY 2023

Revenue

$966,950

$445,521

COGS

$50,264

$45,819

Tax

$0

$0

 

 

Net Income

$242,044

$-247,958

Summary Balance Sheet

FY 2024 FY 2023

Cash

$18,646

$15,408

Accounts Receivable

$310,456

$166,701

Total Assets

$408,179

$238,806

Short-Term Debt

$433,709

$477,431

Long-Term Debt

$7,947

$11,037

Total Liabilities

$441,656

$488,468

Financials as of: 06/10/2024
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Remark Glass on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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