Way Of Being

Way Of Being

Miscellaneous Retailers

Miscellaneous Retailers

Overview

Raised this Round: Raised: $37,440

Total Commitments ($USD)

Platform

SMBX

Start Date

12/07/2023

Close Date

01/11/2024

Min. Goal
$10,000
Max. Goal
$35,000
Min. Investment

$10

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.50%

Term Length

2.0 years

Year Founded

2021

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Portland, Oregon

Business Type

Growth

Way of Being is raising funds on SMBX. It is a miscellaneous retailer in Portland, Oregon, that sells supplies that support a sustainable and locally-sourced lifestyle. Way of Being is more than its products as it also provides education and encouragement to use low-waste products and helps people create a better world through their everyday actions. Alex Gamboa Grand and Lindsay Smith founded Way of Being in August 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $35,000. The campaign proceeds will be used for working capital and operating expenses as the business launches its new brick-and-mortar location.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$117,603

$118,582

COGS

$58,427

$78,106

Tax

$0

$0

 

 

Net Income

$13,559

$9,651

Summary Balance Sheet

FY 2022 FY 2021

Cash

$18,464

$9,746

Accounts Receivable

$0

$0

Total Assets

$18,704

$10,086

Short-Term Debt

$752

$0

Long-Term Debt

$0

$0

Total Liabilities

$752

$0

Financials as of: 12/07/2023
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Way of Being on SMBX 2023
Platform: SMBX
Security Type: Debt

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