The Cookie Department (2020)

The Cookie Department (2020)

Closed: Oct. 2020

About this raise

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.

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Investment Overview

Invested this round: $26,620

Deal Terms

Total Commitments

Platform
SMBX
Start Date
10/27/2020
Close Date
10/31/2020
Min. Goal
$15,000
Max Goal
$35,000
Min. Investment

$100

Security Type

Debt

SEC Filing Type

RegCF    Open SEC Filing

Company & Team

Company

Year Founded
2012
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
Portland, Oregon
Business Type
Life Style
Company Website
Visit Website

Team

Employees
2
Founder Name
Akiva Resnikoff
Title
CEO and CPO

Financials

 Revenue -29.7% YoY
$242,329
 Monthly Burn
$5,060
 Runway
3 months
 Gross Margin
27%
View Detailed Financials Expand

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
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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/31/2020 SMBX - $26,620 Debt Funded RegCF
04/26/2019 Wefunder $7,500,000 $98,418 Convertible Note Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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The Cookie Department on SMBX
Platform: SMBX
Security Type: Debt

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Warning: according to the close date for this deal, The Cookie Department may no longer be accepting investments.

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