Upbounders

Upbounders

Toy & Game Manufacturing

Toy & Game Manufacturing

Overview

Raised this Round: Raised: $200,000

Total Commitments ($USD)

Platform

SMBX

Start Date

09/14/2022

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    Open SEC Filing

Interest Rate

9.50%

Term Length

5.0 years

Year Founded

2018

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Washington, District of Columbia

Business Type

Growth

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: 09/14/2022
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Upbounders on SMBX 2022
Platform: SMBX
Security Type: Debt

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