Modica on Wefunder 2022 – KingsCrowd

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Modica on Wefunder 2022 – KingsCrowd


Reporting Date

08/23/2022

Probability of Max

Momentum

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Location

Louisville, Kentucky

Business

Meals, Beverage, & Eating places

Modica, with a valuation of $5 million, is elevating funds on Wefunder. The corporate makes the world’s first superfood cocktail and mocktail mixes. The mixes of Modica are all-natural, low in sugar, and fortified with nutritional vitamins and antioxidants. The present flavors of Modica embody the Turmeric Ginger Mule, Tart Cherry Outdated Common, and Cucumber Aloe Margarita. The corporate has partnered with a distributor and entered over 50 shops. Eric Wentworth and Jd Mitchell based Modica in September 2017. The present crowdfunding marketing campaign has a minimal goal of $50,000 and a most goal of $250,000. The marketing campaign proceeds shall be used for hiring, advertising, operations, and R&D.

Abstract Revenue and Loss Assertion

Income

$76,207

$14,308

COGS

$62,533

$26,132

Tax

$0

$0

 

 

Internet Earnings

$-18,371

$-29,580

Abstract Steadiness Sheet

Money

$23,584

$16,692

Accounts Receivable

$948

$3,581

Whole Property

$52,021

$59,459

Brief-Time period Debt

$56,028

$40,401

Lengthy-Time period Debt

$40,457

$45,151

Whole Liabilities

$96,485

$85,552

Financials as of: 08/22/2022

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