Shore Buddies on Wefunder 2022

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Security Type

Revenue Share

Reporting Date

07/12/2022

Likelihood of Max

Momentum

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Location

La Jolla, California

Industry

Consumer Products, Goods & Services

Shore Buddies is raising funds on Wefunder. The company makes plastic-free educational toys that are ocean-friendly. The business uses plastic bottles picked from the oceans to create toys and eliminate ocean plastic pollution. The toys of Shore Buddies are eco-friendly, educational, and event-based, and sold through multiple platforms with direct distribution to a number of countries. Shore Buddies has saved over one million bottles and generated $500,000 in revenue in the last twelve months. Malte Niebelschuez founded Shore Buddies in December 2013. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $150,000. The campaign proceeds will be used for website relaunch, digital marketing, inventory, and product purchases.

Summary Profit and Loss Statement

Revenue

$368,942

$142,396

COGS

$256,899

$40,333

Tax

$0

$0

 

 

Net Income

$-91,577

$-43,031

Summary Balance Sheet

Cash

$15,005

$12,428

Accounts Receivable

$21,393

$3,766

Total Assets

$36,398

$82,431

Short-Term Debt

$7,422

$2,467

Long-Term Debt

$138,789

$72,258

Total Liabilities

$146,211

$74,725

Financials as of: 07/11/2022

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