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ReThink Ice Cream

Operating

Midgie's Good Cream Inc.

Food & Beverage · Packaged Food · Napa, DE · Founded 2021

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Tummy-friendly, low sugar dairy ice cream that tastes as good as Haagen Dazs

Valuation cap ⓘ
$5.0M
As of Feb 2022 · from Reg CF Offering (2021-11-04) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$345,632
Crowd $226K · Private $120K · 3 rounds since 2020

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 reviewed*
FY2020 reviewed*
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, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Valuation caps on SAFE / convertible note rounds
$5.0M
Valuation cap
Reg CF · SAFE · Nov 2021

Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth.

Cap table

Principal holders% as the filing states it, Jun 10, 2021

  • George Haymaker and Kim Haymaker Trust93.4%of company

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Reg CF · SAFE · Nov 2021Closedvia Republic
Raised $102.2K / $410KInvestors 227Valuation cap $5M
Reg CF · Convertible Note · Apr 2021Closedvia MICROVENTURE MARKETPLACE INC.
Raised $123.4K / $250K

Team

1 person
George Haymaker
Chief Executive Officer

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

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

  • Form C-TRMar 30, 20220001834769-22-000005
    EDGAR
  • Form C-ARMar 29, 20220001845329-22-000003
    EDGAR
  • Form C-UFeb 22, 20220001845329-22-000001
    EDGAR
  • Form CNov 4, 20210001845329-21-000008
    EDGAR
  • Form C-UAug 9, 20210001845329-21-000006
    EDGAR
  • Form C/AJun 10, 20210001845329-21-000005
    EDGAR
  • Form C/AMay 24, 20210001845329-21-000003
    EDGAR
  • Form CApr 22, 20210001845329-21-000001
    EDGAR
Source: ManualCIK 0001845329DE

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.