Studio IPlay
An indoor playground
Overview
Raised: $10,000
Total Commitments ($USD)
Platform
Honeycomb
Start Date
07/06/2020
Close Date
08/20/2020
Min. Goal
$10,000
Max. Goal
$25,000
Min. Investment
$10
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Rolling Commitments ($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
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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