This is Ground
Premium leather tech accessories handmade in Los Angeles & Italy
Overview
Raised: $252,336
Platform
Wefunder
Start Date
09/19/2016
Close Date
10/14/2016
Min. Goal
$100,000
Max. Goal
$500,000
Min. Investment
$100
Security Type
Revenue Share
SEC Filing Type
RegCF
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: 09/19/2016
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Raise History
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| This is Ground | 10/14/2016 | Wefunder | - | $252,336 | Revenue Share | Funded | RegCF |
No prior online funding rounds.
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