Overview
Raised: $250,000
Total Commitments ($USD)
Platform
SMBX
Start Date
12/31/2020
Close Date
03/31/2021
Min. Goal
$225,000
Max. Goal
$250,000
Min. Investment
$10
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/06/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,809
Momentum
Funded
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Year Founded
2014
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Humphry Slocombe, an ice cream manufacturing company in San Francisco, CA, is raising funds on SMBX. The company sells its unique and delicious ice creams through four locations in the Bay Area and retail stores, including Whole Foods and Safeway. Jake Godby and Sean Vahey founded Humphry Slocombe in 2008. The current round of crowdfunding has a minimum raise of $250,000 and a maximum raise of $350,000, and the proceeds will be used to refinance existing debt and open a new location in 2021. Humphry Slocombe is known for its unique and unusual flavors of ice creams and has over 300,000 followers on social media. The company has won several awards and features in the national press.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$4,788,460 |
$4,007,985 |
|
COGS |
$2,225,899 |
$1,783,804 |
|
Tax |
$52,683 |
$35,798 |
| ||
| ||
|
Net Income |
$-982,992 |
$-735,573 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$46,079 |
$25,290 |
|
Accounts Receivable |
$56,975 |
$75,322 |
|
Total Assets |
$1,244,798 |
$1,489,317 |
|
Short-Term Debt |
$614,515 |
$414,633 |
|
Long-Term Debt |
$578,854 |
$203,469 |
|
Total Liabilities |
$1,193,369 |
$618,102 |
Financials as of: 12/31/2020
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