Project M
#1 E-commerce platform for tattoo and heavy metal lifestyles
Analytics
Raised to Date: $264,792
Aggregate Commitments $
Wefunder
01/27/2021
03/18/2021
$49,978
$1,069,993
$100
Equity - Common
RegCF
Seed
$22,503,389
Weekly Commitments $
Active
02/24/2021
20
530%
25%
$9,457
130
New York, New York
Media, Entertainment & Publishing
Non-Tech
B2C
Low
High
Project M, with a pre-money valuation of $22.5 million, is raising funds on Wefunder. It is a portfolio of brands focusing on heavy metal and tattoos. The company operates digital and print media properties to serve content to the fans. It sells events, merchandise, studio content, and more. Enrique Abeyta Ubillos founded Project M in 2016 and has raised over $7 million since the inception. The proceeds of the current crowdfunding campaign, with a minimum target of $49,978 and a maximum target of $1,069,993, will be used for adding SKUs to existing stores, hiring more staff, creating new content, and adding inventory. Project M owns the number one brands in heavy metal (Revolver), tattooing (Inked), and music comedy (The Hard Times).
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$922,745 |
$742,220 |
|
COGS |
$654,329 |
$671,143 |
|
Tax |
$50,762 |
$62,693 |
| ||
| ||
|
Net Income |
$-1,186,497 |
$-2,021,563 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$60,313 |
$47,239 |
|
Accounts Receivable |
$60,313 |
$119,592 |
|
Total Assets |
$684,572 |
$715,727 |
|
Short-Term Debt |
$609,967 |
$194,625 |
|
Long-Term Debt |
$5,337,073 |
$0 |
|
Total Liabilities |
$5,947,040 |
$4,791,698 |
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