American Stonecraft

American Stonecraft

Stone Product Manufacturing

Stone Product Manufacturing

Overview

Raised to Date: Raised: $128,900

Total Commitments ($USD)

Platform

MainVest

Start Date

08/26/2020

Close Date

11/05/2020

Min. Goal
$100,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

Revenue Share

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.50X

Rolling Commitments ($USD)

Status
Funded
Reporting Date

11/29/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,841

# of Investors

97

Momentum
Funded
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Year Founded

2016

Industry

Arts & Crafts

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Lowell, Massachusetts

Business Type

Life Style

American Stonecraft, a manufacturer of stone products, is raising funds on MainVest. The company partners with working farms and uses its fresh and sustainable rocks to make food slabs, bowlders, and coasters. They also specialize in making products out of stones that customers select, like the stones from their garden, a walk on the beach, or a hike. American Stonecraft was founded by Gerald Croteau. The proceeds of the current crowdfunding round, with a minimum goal of $100,000 and a maximum goal of $250,000, will be used to build out a new location and ramp up inventory and marketing capabilities. American Stonecraft turns the metamorphic rocks, granite, and marble from the New England geology into glorious products.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$310,762

$380,949

COGS

$188,501

$221,781

Tax

$0

$0

 

 

Net Income

$-1,634

$3,083

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$30,566

$888,885

Accounts Receivable

$0

$0

Total Assets

$46,262

$109,284

Short-Term Debt

$15,674

$64,281

Long-Term Debt

$30,588

$45,003

Total Liabilities

$46,262

$109,284

Financials as of: 08/26/2020
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American Stonecraft on MainVest
Platform: MainVest
Security Type: Revenue Share

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