Shift Caffeine
COFFEE BREWERY
Overview
Raised: $100,000
Total Commitments ($USD)
Platform
SMBX
Start Date
03/15/2021
Close Date
05/05/2021
Min. Goal
$25,000
Max. Goal
$100,000
Min. Investment
$10
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,000
Momentum
Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Shift Caffeine, a coffee brewery in Phoenix, AZ, is raising crowdfunding on SMBX. The company brews smooth, canned, cold brew coffee through a strategically engineered process. The coffee of Shift Caffeine has more of flavor and less of bitterness. John Hickman founded Shift Caffeine in 2019. The proceeds of the current crowdfunding campaign, with a minimum target of $25,000 and a maximum target of $100,000, will be used towards working capital for a new canning line, coffee beans, and packaging. Shift Caffeine currently offers two main flavors, Turbo Black and Driving Me Coconuts. The coffee is vegan and made from high-quality ingredients and brewing processes.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$45,905 |
$2,332 |
|
COGS |
$12,412 |
$7,529 |
|
Tax |
$0 |
$12 |
| ||
| ||
|
Net Income |
$24,473 |
$-9,982 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$26,885 |
$0 |
|
Accounts Receivable |
$648 |
$0 |
|
Total Assets |
$59,276 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$29,970 |
$0 |
|
Total Liabilities |
$29,970 |
$0 |
Financials as of: 03/15/2021
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