Do Only Good Certified Pet Nutrition
Early Stage
Healthy dog food with responsibly sourced ingredients
Overview
Raised: $103,157
Total Commitments ($USD)
Platform
Wefunder
Start Date
07/16/2020
Close Date
12/02/2020
Min. Goal
$50,001
Max. Goal
$1,069,999
Min. Investment
$100
Security Type
Equity - Preferred
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.11
Pre-Money Valuation
$2,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/30/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$748
# of Investors
37
Momentum
Funded
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Year Founded
2016
Industry
Pet Health, Food, and Services
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Do Only Good Certified Pet Nutrition, with a $2 million pre-money valuation, is raising funds on Wefunder. It is a pet nutrition company that makes healthy and nutritious dog food. The products include super-premium dog food, kibble and cans, and pumpkin supplements. The company aims at ensuring the health and vitality of dogs along with variety in their diets. Do Only Good Certified Pet Nutrition was founded by Rick Pack in 2016 and has raised over $675,000 since its founding. The proceeds of the current crowdfunding campaign, with a minimum raise of $50,001 and a maximum raise of $1,069,999, will be used to support subscription and social media advertising, marketing, and social media content development. Do Only Good Certified Pet Nutrition is a member of the Pet Sustainability Coalition and is committed to ingredient sustainability in pet food.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$187,334 |
$58,240 |
|
COGS |
$138,097 |
$28,733 |
|
Tax |
$800 |
$800 |
| ||
| ||
|
Net Income |
$-362,258 |
$-1,966 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$4,812 |
$19,650 |
|
Total Assets |
$283,980 |
$281,456 |
|
Short-Term Debt |
$120,145 |
$115,676 |
|
Long-Term Debt |
$20,000 |
$20,000 |
|
Total Liabilities |
$140,145 |
$135,676 |
Financials as of: 07/16/2020
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