Shore Buddies
Ocean-Friendly Educational Toys
Overview
Raised: $53,150
Total Commitments ($USD)
Platform
Wefunder
Start Date
07/10/2022
Close Date
11/27/2022
Min. Goal
$50,000
Max. Goal
$150,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
2.00X
Rev. Share %
6.90%
Rolling Commitments ($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
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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