usefull

Zero waste business
Overview
Raised: $30,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/09/2023
Days Remaining
8
% of Min. Goal
120%
% of Max. Goal
100%
Likelihood of Max
Avg. Daily Raise
$1,579
# of Investors
40
Momentum
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Year Founded
2020
Industry
Beauty & Personal Care
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
usefull is raising funds on Honeycomb. It is a refillery and zero-waste retail store that sells shampoo, soap, and laundry detergent in a refill format. usefull requests customers to bring their own bottles and refill the products in them to facilitate the reuse of containers and reduction of plastic waste. The business has helped customers divert over 4,000 plastic bottles from landfills and oceans and is currently profitable. Adriana Kao founded usefull in June 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $35,000. The campaign proceeds will be used for store upgrades, furniture and fixtures, liability and property insurance, licenses and permits, and decor, signage, and graphics.
Summary Profit and Loss Statement
FY 2022 | FY 2021 | |
---|---|---|
Revenue |
$30,246 |
$21,437 |
COGS |
$14,723 |
$10,345 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-1,232 |
$-5,446 |
Summary Balance Sheet
FY 2022 | FY 2021 | |
---|---|---|
Cash |
$2,839 |
$3,263 |
Accounts Receivable |
$0 |
$0 |
Total Assets |
$2,839 |
$3,263 |
Short-Term Debt |
$1,626 |
$1,506 |
Long-Term Debt |
$1,500 |
$1,500 |
Total Liabilities |
$3,126 |
$3,006 |
Financials as of: 11/20/2023
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