Shore Buddies

Shore Buddies

Ocean-Friendly Educational Toys

Ocean-Friendly Educational Toys

Overview

Raised to Date: Raised: $53,150

Total Commitments ($USD)

Platform

Wefunder

Start Date

07/10/2022

Close Date

11/26/2022

Min. Goal
$50,000
Max. Goal
$150,000
Min. Investment

$100

Security Type

Revenue Share

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

2.00X

Rev. Share %

6.90%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

11/29/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$382

# of Investors

50

Momentum
Funded
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Year Founded

2013

Industry

Consumer Products, Goods & Services

Tech Sector

Retailtech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

La Jolla, California

Business Type

Life Style

Shore Buddies is raising funds on Wefunder. The company makes plastic-free educational toys that are ocean-friendly. The business uses plastic bottles picked from the oceans to create toys and eliminate ocean plastic pollution. The toys of Shore Buddies are eco-friendly, educational, and event-based, and sold through multiple platforms with direct distribution to a number of countries. Shore Buddies has saved over one million bottles and generated $500,000 in revenue in the last twelve months. Malte Niebelschuez founded Shore Buddies in December 2013. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $150,000. The campaign proceeds will be used for website relaunch, digital marketing, inventory, and product purchases.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$368,942

$142,396

COGS

$256,899

$40,333

Tax

$0

$0

 

 

Net Income

$-91,577

$-43,031

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$15,005

$12,428

Accounts Receivable

$21,393

$3,766

Total Assets

$36,398

$82,431

Short-Term Debt

$7,422

$2,467

Long-Term Debt

$138,789

$72,258

Total Liabilities

$146,211

$74,725

Financials as of: 07/10/2022
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Shore Buddies on Wefunder 2022
Platform: Wefunder
Security Type: Revenue Share

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Warning: according to the close date for this deal, Shore Buddies may no longer be accepting investments.

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