Overview
Raised: $26,620
Total Commitments ($USD)
Platform
SMBX
Start Date
10/26/2020
Close Date
10/31/2020
Min. Goal
$15,000
Max. Goal
$35,000
Min. Investment
$100
Security Type
Debt
Series
Series A
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/31/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$6,655
Momentum
Funded
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Year Founded
2012
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
The Cookie Department, a ketogenic-focused food company, is raising funds on SMBX. The company makes delicious and healthy cookies that taste like desserts. The functional cookies of The Cookie Department range from superfood cookies to keto cookies. Akiva Resnikoff founded The Cookie Department in 2012. The proceeds of the current crowdfunding round, with a minimum target of $15,000 and a maximum target of $35,000, will be used to produce the newest line of keto cookies, revamp the online marketing infrastructure, and refinance debt. The Cookie Department built a retail relationship with GNC in 2020 and is designated as an Amazon’s Choice product.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$242,329 |
$344,595 |
|
COGS |
$175,919 |
$216,411 |
|
Tax |
$3,489 |
$11,005 |
| ||
| ||
|
Net Income |
$-60,714 |
$-82,479 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$15,425 |
$74,799 |
|
Accounts Receivable |
$56,537 |
$47,367 |
|
Total Assets |
$154,320 |
$216,910 |
|
Short-Term Debt |
$115,792 |
$120,837 |
|
Long-Term Debt |
$343,582 |
$314,467 |
|
Total Liabilities |
$459,374 |
$435,304 |
Financials as of: 10/26/2020
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