Young Kobras
Bakery
Overview
Raised: $53,810
Total Commitments ($USD)
Platform
SMBX
Start Date
03/22/2023
Close Date
05/08/2023
Min. Goal
$30,000
Max. Goal
$124,000
Min. Investment
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
10.00%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,170
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Young Kobras is raising funds on SMBX. It is a bakery in San Carlos, California that makes gluten-free and healthy bread. The bread is slowly and naturally fermented and does not contain any gums, dairy, eggs, or sugar. Young Kobras originated from kitchen experiments and uses only healthy and organic ingredients and authentic recipes to make its business grow. Geoff Kober and Juliana Lopker founded Young Kobras in May 2019. The current crowdfunding campaign has a minimum target of $30,000 and a maximum target of $124,000. The campaign proceeds will be used for purchasing oven equipment.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$852,139 |
$575,315 |
|
COGS |
$174,372 |
$254,962 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$85,629 |
$63,616 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$67,142 |
$69,165 |
|
Accounts Receivable |
$27,458 |
$27,563 |
|
Total Assets |
$94,600 |
$96,728 |
|
Short-Term Debt |
$-484 |
$50,273 |
|
Long-Term Debt |
$90,000 |
$90,000 |
|
Total Liabilities |
$89,516 |
$140,273 |
Financials as of: 03/22/2023
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.