White Label Chocolate
Chocolatier
Overview
Raised: $48,620
Total Commitments ($USD)
Platform
SMBX
Start Date
06/23/2023
Close Date
07/28/2023
Min. Goal
$20,000
Max. Goal
$75,000
Min. Investment
$10
Security Type
Debt
SEC Filing Type
RegCF
Interest Rate
10.50%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/31/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,389
Momentum
Funded
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Year Founded
2016
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
SANTA CRUZ, California
White Label Chocolate is raising funds on SMBX. It is a bean-to-bar chocolate company in Watsonville, California. The company makes premium chocolate in its factory and oversees the entire process, from sorting, roasting, cracking, and winnowing to refining each origin. White Label Chocolate also empowers cocoa producers and is focused on sustainability, equity, and transparency. Stephen Beaumier founded White Label Chocolate in September 2016. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $75,000. The campaign proceeds will be used for chocolate equipment and facilities improvement.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$292,821 |
$226,503 |
|
COGS |
$83,963 |
$114,411 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-78,917 |
$-28,040 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$142,875 |
$122,874 |
|
Accounts Receivable |
$69,864 |
$29,108 |
|
Total Assets |
$326,667 |
$233,351 |
|
Short-Term Debt |
$15,563 |
$-19,176 |
|
Long-Term Debt |
$385,532 |
$184,930 |
|
Total Liabilities |
$401,095 |
$165,754 |
Financials as of: 06/23/2023
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