[ad_1]
07/23/2022
Alexandria, Virginia
Beauty & Personal Care
Loza Tam, with a valuation of $3 million, is raising funds on Wefunder. The company makes ultra luxurious hair wraps that help fight frizz and bad hair days. The hair wraps of Loza Tam come in a pre-tied design with satin interior lining and work for all hair textures, including coily, curly, wavy, and straight. Loza Tam has sold over 16,000 units with a 59% year-over-year revenue growth from 2019 to 2020. Tomara Watkins founded Loza Tam in February 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for inventory, team expansion, and marketing.
Summary Profit and Loss Statement
Revenue |
$126,659 |
$151,324 |
COGS |
$56,807 |
$93,890 |
Tax |
$0 |
$0 |
|
||
|
||
Net Income |
$-55,942 |
$-30,843 |
Summary Balance Sheet
Cash |
$7,615 |
$13,519 |
Accounts Receivable |
$361 |
$173 |
Total Assets |
$61,894 |
$70,027 |
Short-Term Debt |
$12,706 |
$1,283 |
Long-Term Debt |
$48,335 |
$48,335 |
Total Liabilities |
$61,040 |
$49,617 |
Financials as of: 07/22/2022
[ad_2]