The Cookie Department

Neutral
BETA

A ketogenic-focused food company

Analytics

Raised to Date: $26,620

Aggregate Commitments $
Platform

SMBX

Start Date

10/27/2020

Close Date

10/31/2020

Min. Goal

$15,000

Max. Goal

$35,000

Min. Investment

$100

Security Type

Debt

Funding Type

RegCF

Series

Series A

Weekly Commitments $
Status
Funded
Reporting Date

11/01/2020

Days Remaining
Funded
% of Min. Goal

177%

% of Max. Goal

76%

Likelihood of Max
Funded
Avg. Daily Raise

$6,655

Momentum
Funded
Location

Portland, Oregon

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Business Type

Life Style

The Cookie Department, a ketogenic-focused food company, is raising funds on SMBX. The company makes delicious and healthy cookies that taste like desserts. The functional cookies of The Cookie Department range from superfood cookies to keto cookies. Akiva Resnikoff founded The Cookie Department in 2012. The proceeds of the current crowdfunding round, with a minimum target of $15,000 and a maximum target of $35,000, will be used to produce the newest line of keto cookies, revamp the online marketing infrastructure, and refinance debt. The Cookie Department built a retail relationship with GNC in 2020 and is designated as an Amazon’s Choice product.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$242,329

$344,595

COGS

$175,919

$216,411

Tax

$3,489

$11,005

 

 

Net Income

$-60,714

$-82,479

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$15,425

$74,799

Accounts Receivable

$56,537

$47,367

Total Assets

$154,320

$216,910

Short-Term Debt

$115,792

$120,837

Long-Term Debt

$343,582

$0

Total Liabilities

$459,374

$435,304

Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
10/31/2020 SMBX $0 $26,620 Debt Confirmed Closed RegCF
04/26/2019 Wefunder $7,500,000 $98,418 Convertible Note Confirmed Closed RegCF
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