ROCKaBLOCK

ROCKaBLOCK

[Closed for Investment] ROCKaBLOCK is raising funds on Honeycomb. It is a lifestyle brand that creates impactful products for inspired people. ROCKaBLOCK is not just a brand but a movement that celebrates the richness of Black culture through its bold and thought-provoking designs. The offerings of ROCKaBLOCK include augmented reality-enhanced apparel and accessories that have been featured across TV, radio, print, and online media. Rockland Page founded ROCKaBLOCK in November 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used to purchase a Vastex Conveyor dryer, an LED exposure unit, a coating rack, an iMac computer, and an air compressor, and fund working capital, moving costs, and refinancing debt.

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Investment Overview

Raised this Round: Raised: $30,300

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
09/11/2024
Close Date
10/31/2024
Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.75%

Term Length

3.0 years

Company & Team

Company

Year Founded
2017
Industry
Apparel & Fashion
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Merrillville, Indiana
Business Type
Growth
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Rockland Page
Title
CEO

Financials

as of Fiscal Year 2023
 Revenue -33.7% YoY
$91,049
 Monthly Burn
Profitable
 Cash on Hand
$292
Gross Margin
88%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$91,049

$137,311

COGS

$11,102

$63,091

Tax

$0

$0

 

 

Net Income

$5,873

$6,443

Summary Balance Sheet

FY 2023 FY 2022

Cash

$292

$5,400

Accounts Receivable

$0

$0

Total Assets

$56,582

$5,400

Short-Term Debt

$9,205

$22,650

Long-Term Debt

$82,062

$0

Total Liabilities

$91,267

$22,650

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/31/2024 Honeycomb - $30,300 Debt Funded RegCF
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ROCKaBLOCK on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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