Upbounders
Toy & Game Manufacturing
Overview
Raised: $200,000
Total Commitments ($USD)
Platform
SMBX
Start Date
09/15/2022
Close Date
11/29/2022
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$10
Security Type
Debt
Payment Schedule
Monthly
SEC Filing Type
RegCF
Interest Rate
9.50%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/04/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,667
Momentum
Funded
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Year Founded
2018
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Upbounders is raising funds on SMBX. The company makes high-quality screen-free toys for kids. The premium puzzles and games of Upbounders feature original artwork and are made with non-toxic inks and FSC-certified paper that is environment-friendly, socially responsible, and economically viable. The products of Upbounders represent cultural and ethnic differences accurately and clearly and are sold at Nordstrom, Target, Camp Stores, Amazon, and Maisonette. Kemi Tignor founded Upbounders in January 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for advertising, refinancing debt, and working capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$577,758 |
$334,814 |
|
COGS |
$247,083 |
$84,195 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$150,012 |
$28,569 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$17,855 |
$11,055 |
|
Accounts Receivable |
$103,609 |
$44,698 |
|
Total Assets |
$153,459 |
$61,686 |
|
Short-Term Debt |
$74,622 |
$60,840 |
|
Long-Term Debt |
$58,755 |
$38,302 |
|
Total Liabilities |
$133,377 |
$99,142 |
Financials as of: 09/15/2022
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