Studio IPlay

Studio IPlay

An indoor playground

An indoor playground

Overview

Raised to Date: Raised: $10,000

Total Commitments ($USD)

Platform

Honeycomb

Start Date

07/06/2020

Close Date

08/19/2020

Min. Goal
$10,000
Max. Goal
$25,000
Min. Investment

$10

Security Type

Debt

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Rolling Commitments ($USD)

Status
Funded
Reporting Date

08/30/2020

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

$227

# of Investors

8

Momentum
Funded
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Year Founded

2018

Industry

Arts & Crafts

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Oak Park, Michigan

Business Type

Life Style

Studio IPlay, an indoor playground in the Detroit metro area, is raising funds on Honeycomb. The play area offers fun art classes for kids under the age of ten and keeps them engaged with interactive play. Studio IPlay offers Paint & Play to inspire self-expression and creativity. Studio IPlay was founded by Kandis Hall, a mother of a young daughter with a Master’s degree in Leadership and Administration. The current crowdfunding campaign has a minimum goal of $10,000 and a maximum goal of $25,000, and the funds will be used for new equipment, cleaning equipment, new decorations, marketing, and rent and insurance. Studio IPlay is renowned for its birthday parties and is the home of best Halloween and Easter kiddie discos in Michigan.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$49,830

$0

COGS

$2,616

$0

Tax

$0

$0

 

 

Net Income

$-26,756

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$8,244

$0

Accounts Receivable

$0

$0

Total Assets

$18,244

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 07/06/2020
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Studio IPlay on Honeycomb
Platform: Honeycomb
Security Type: Debt

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

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