This company is no longer in business. Investors can get details about any potential exits or failures here.
ThoughtFull Toys Inc.
Growth Stage
Inspiring Kids to Explore More
Overview
Raised: $102,941
Total Commitments ($USD)
Platform
StartEngine
Start Date
02/12/2020
Close Date
04/28/2020
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
Equity - Preferred
Series
Series B
SEC Filing Type
RegCF
Price Per Share
$0.47
Pre-Money Valuation
$5,436,506
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/02/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,373
# of Investors
166
Momentum
Funded
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Year Founded
2013
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
ThoughtFull Toys Inc., with a pre-money valuation of $5.4 million, is raising funds on StartEngine. The company creates exciting and durable toy trucks and cars for kids. The toys of ThoughtFull Toys are aimed at enriching the lives of children through creative play. ThoughtFull Toys Inc. was founded by David Silvergate, Brian Gulassa, and Trevor Hite in March 2013 and has raised over $1.5 million in previous rounds of financing. The current round of crowdfunding of the company has a minimum goal of $10,000 and a maximum goal of $1,070,000. The company has launched two brands, namely Modarri and Enduro, and the toys of ThoughtFull Toys are available at over 1,800 stores of Walmart, Barnes and Nobles, and Bed Bath and Beyond.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,580,699 |
$1,735,660 |
|
COGS |
$1,009,425 |
$1,087,247 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,370,684 |
$-828,511 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$304,126 |
$276,920 |
|
Accounts Receivable |
$137,860 |
$158,243 |
|
Total Assets |
$1,235,292 |
$1,213,962 |
|
Short-Term Debt |
$443,354 |
$677,639 |
|
Long-Term Debt |
$1,849,752 |
$515,600 |
|
Total Liabilities |
$2,293,106 |
$1,193,239 |
Financials as of: 02/12/2020
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