Stone’s Throw Foods
Convenient, delicious hash bowls
Overview
Raised: $26,150
Total Commitments ($USD)
Platform
Honeycomb
Start Date
12/12/2022
Close Date
01/23/2023
Min. Goal
$25,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
12.50%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/31/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$623
# of Investors
25
Momentum
Funded
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Stone’s Throw Foods is raising funds on Honeycomb. The food business serves delicious and convenient hash bowls made with diced sweet potatoes and a combination of healthy proteins. The raw material is all sourced from local farms nearby. Stone’s Throw Foods makes gluten-free, paleo-friendly hash bowls that are high in protein and fiber. The company was accepted into the Loyola Baltipreneur Accelerator Program in November 2019 and the Union Kitchen Accelerator Program in April 2020. Ben James founded Stone’s Throw Foods in September 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $124,000. The campaign proceeds will be used for gluten-free certification, vegan and paleo certification, packaging and ingredients, moving equipment, marketing, and working capital.
Summary Profit and Loss Statement
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$62,030 |
$56,437 |
|
COGS |
$81,052 |
$36,910 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-140,719 |
$-101,222 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
Cash |
$24,961 |
$19,042 |
|
Accounts Receivable |
$9,696 |
$4,961 |
|
Total Assets |
$58,324 |
$24,003 |
|
Short-Term Debt |
$8,519 |
$0 |
|
Long-Term Debt |
$167,062 |
$171,777 |
|
Total Liabilities |
$175,581 |
$171,777 |
Financials as of: 12/12/2022
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