This is Ground

This is Ground

Premium leather tech accessories handmade in Los Angeles & Italy

Premium leather tech accessories handmade in Los Angeles & Italy

Overview

Raised to Date: Raised: $252,336

Platform

Wefunder

Start Date

09/18/2016

Close Date

10/13/2016

Min. Goal
$100,000
Max. Goal
$500,000
Min. Investment

$100

Security Type

Revenue Share

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.50X

Year Founded

2015

Industry

Consumer Products, Goods & Services

Tech Sector

Retailtech

Location

Los Angeles, California

This is Ground is raising funds on Wefunder. It is a leather goods company that makes beautiful carry solutions for technology. This is Ground’s products include the Cord Taco and the Cordito to organize small cords and the Mod Tablet Organizer, a customizable tablet organizer. The premium leather tech accessories of This is Ground are handmade in Los Angeles and Italy and have a loyal customer base. Mike Macadaan founded This is Ground in October 2015. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $500,000. The campaign proceeds will be used for inventory, expansion of operations, and hiring.

Summary Profit and Loss Statement

FY 2015 FY 2014

Revenue

$2,597,111

$0

COGS

$1,464,177

$0

Tax

$9,600

$0

 

 

Net Income

$-272,109

$0

Summary Balance Sheet

FY 2015 FY 2014

Cash

$114,505

$0

Accounts Receivable

$29,412

$0

Total Assets

$685,989

$0

Short-Term Debt

$331,814

$0

Long-Term Debt

$94,000

$0

Total Liabilities

$425,814

$0

Financials as of: 09/18/2016
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This is Ground on Wefunder 2016
Platform: Wefunder
Security Type: Revenue Share

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