Thalia Brands
Growth Stage
Premium Guitar Accessories & Lifestyle
Overview
Raised: $607,812
Total Commitments ($USD)
Platform
StartEngine
Start Date
07/18/2019
Close Date
01/21/2021
Min. Goal
$9,999
Max. Goal
$1,069,998
Min. Investment
$150
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$3.00
Pre-Money Valuation
$8,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/31/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,099
# of Investors
1,137
Momentum
Funded
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Year Founded
2019
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Thalia Brands, a premium brand for guitar accessories and lifestyle, is raising funds on StartEngine. The company manufactures and sells innovative and unique guitar accessories, including capos and picks. Thalia Brands is soon planning to expand into straps, strap locks, and wall hangers for guitars. Thalia Brands was founded by Chris Bradley and Thalia Bradley and has a loyal customer base. The current round of crowdfunding has a minimum goal of $10,000 and a maximum goal of $1,070,000, and the proceeds will be used for further research & development and the launch of new products. Thalia Brands has already reported $7.8 million in sales since its inception and has more than 100,000 customers.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,827,426 |
$2,183,575 |
|
COGS |
$369,150 |
$518,293 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$42,485 |
$-254,439 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$162,803 |
$50,627 |
|
Accounts Receivable |
$4,272 |
$0 |
|
Total Assets |
$933,959 |
$637,679 |
|
Short-Term Debt |
$630,724 |
$501,490 |
|
Long-Term Debt |
$610,661 |
$562,389 |
|
Total Liabilities |
$1,241,385 |
$1,063,879 |
Financials as of: 07/18/2019
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