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ReThink Ice Cream
OperatingMidgie's Good Cream Inc.
Food · Packaged Food · Founded 2021
Tummy-friendly, low sugar dairy ice cream that tastes as good as Haagen Dazs
Valuation cap ⓘ
$5.0M
As of Feb 2022 · from ReThink Ice Cream Crowd SAFE 2 · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$225,632
Across 2 rounds since 2021
Latest share price
$1.00
ReThink Ice Cream Crowd SAFE 2 offering price
Financials
FY2019–FY2021 · from SEC filings · hover any figure for its source$485K
−$1.5M
2019
$561K
−$873K
2020
$701K
−$682K
2021
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019
FY2020
FY2021
Income statement
Revenue
$485,412
$560,901
$701,278
Cost of goods sold
$523,438
$315,104
$366,639
Gross margin
-8%
44%
48%
Net income
-$1,493,562
-$873,169
-$681,762
Taxes paid
$0
$0
$0
Balance sheet
Cash
$147,830
$87,362
$88,470
Accounts receivable
$18,264
$23,937
$1,054
Total assets
$255,084
$270,487
$311,131
Short-term debt
$332,070
$511,828
$1,744,043
Long-term debt
$1,226,798
$1,391,716
$70,000
Total liabilities
$1,558,868
$1,903,544
$1,814,043
Other
Headcount
—
3
3
Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited; no pill means the filing didn’t state one. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.
Valuation over rounds
Post-money = pre-money + amount raised · caps marked$5.0M
Valuation cap
ReThink Ice Cream Crowd SAFE 2
A dashed amber step is a SAFE/note valuation cap — a conversion ceiling agreed for that instrument, not a priced valuation of the company. Steps are not comparable across bases.
Fundraising history
Raised $102.2K / $410KInvestors 227Valuation cap $5M
Raised $123.4K / $250K
Reg CF annual-report compliance
Not requiredFiled Form C-TR (terminated reporting)
Filed 1 of 5 annual reports (FY2021–FY2025)
227 investors
holder-count proxy
Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.
SEC filings
Source: ManualCIK 0001845329Share price $1.00
About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.