Shore Buddies

Early Stage

Ocean-Friendly Educational Toys

Analytics

Raised to Date: Raised: $27,450

Aggregate Commitments $

Platform

Wefunder

Start Date

07/11/2022

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$150,000

Min. Investment

$100

Security Type

Revenue Share

Funding Type

RegCF

Series

Pre-Seed

Rolling Commitments $

Status

Active

Reporting Date

09/24/2022

Days Remaining

218

% of Min. Goal

55%

% of Max. Goal

18%

Likelihood of Max
unlikely
Avg. Daily Raise

$366

Momentum
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Location

La Jolla, California

Industry

Consumer Products, Goods & Services

Tech Sector

Retailtech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

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: 07/11/2022
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Shore Buddies on Wefunder 2022
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Platform: Wefunder
Security Type: Revenue Share

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