Our Life Foods
Create a line of products that brings true Cajun flavor to homes across the country.
Overview
Raised: $71,840
Total Commitments ($USD)
Platform
SMBX
Start Date
12/22/2020
Close Date
04/07/2021
Min. Goal
$50,000
Max. Goal
$205,000
Min. Investment
$10
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$684
Momentum
Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Our Life Foods is creating a line of products that brings true Cajun flavor to homes across the country. Made, grown, manufactured and produced in Louisiana, Our Life Foods offers consumers authentic, Certified Cajun foods in retailers across the US, as well as Canada, the Caribbean, and Australia. Chris Fontenot founded Our Life Foods. The current crowdfunding campaign has a minimum raise of $100,000 and a maximum raise of $205,000. The proceeds of the raise will be used towards the refinance of existing debt.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$489,576 |
$382,988 |
|
COGS |
$324,625 |
$211,540 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-145,487 |
$-154,407 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$20,275 |
$3,953 |
|
Accounts Receivable |
$60,422 |
$24,624 |
|
Total Assets |
$345,168 |
$39,200 |
|
Short-Term Debt |
$347,865 |
$192,859 |
|
Long-Term Debt |
$452,548 |
$117,669 |
|
Total Liabilities |
$800,413 |
$310,528 |
Financials as of: 12/22/2020
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