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Skinny Flav, Inc

Food & Beverage · Packaged Food · Freehold, NJ · Founded 2016

Healthy hot sauce

Post-money valuation ⓘ
$3.7M
As of Nov 2023 · from Reg CF Offering (2023) · pre-money + amount raised, not a traded price
Total raised
$438,290
Crowd $139K · Private $299K · 3 rounds since 2022
Latest share price
$0.60
Reg CF · Class B Common Stock · Aug 2023 offering price

Financials

FY2021–FY2024 · from SEC filings · hover any figure for its source
$216K
$11K
2021
$355K
−$134K
2022
$300K
−$210K
2023
$150K
−$32K
2024
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2021 reviewed*
FY2022 unaudited
FY2023 unaudited
FY2024 unaudited
Income statement
Revenue
$216,349
$355,454
$300,239
$150,321
Cost of goods sold
$65,674
$158,244
$95,126
$68,828
Gross margin
70%
55%
68%
54%
Net income
$10,934
-$133,640
-$210,362
-$32,329
Taxes paid
$0
$0
$0
$0
Balance sheet
Cash
$14,907
$74,920
$44,383
$20,636
Accounts receivable
$3,597
$0
$12,369
$1,238
Total assets
$41,621
$155,256
$133,048
$91,602
Short-term debt
$44,787
$10,965
$66,029
$3,262
Long-term debt
$6,102
$326,618
$344,418
$421,850
Total liabilities
$50,889
$337,583
$410,447
$425,112
Other
Headcount
—
1
1
1

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

Pre-money — the valuation set before each round’s money came in
$3.6M
pre-money
Reg CF · Class B Common · Aug 2023

Blue bars are the pre-money valuation the company stated for a priced round.

Cap table

Principal holders% as the filing states it, Mar 27, 2025

  • Crowdfunding Participants267,998 Class B Common Stock100.0%of Class B
  • Kevin Erik Carbone6,000,000 Class A Common Stock100.0%of Class A

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

Raised $24KInvestors 1
Raised $139.3K / $1MInvestors 221Post-money $3.7M
Raised $275KInvestors 4

Team

4 people
Kevin Erik CarboneFounder
CEO, CFO, Board Director and Founder

Kevin Carbone is a 32-year-old entrepreneur from the Jersey Shore with a passion for health and fitness. Kevin graduated Cum Laude from Ramapo College in 2013 with a Bachelor of Finance. After graduation, he began honing his research and analytical skills at Bloomberg, and then went on to manage the analytics department at NRG’s Solar Division. The seed for Sauce Bae was planted 11 years ago when Kevin was diagnosed with Ulcerative Colitis at age 21. This propelled him towards a health-conscious lifestyle, where he discovered the transformative power of turmeric and clean eating. Realizing a void in the market for genuinely natural, low-sodium, turmeric-infused hot sauce, Kevin created Sauce Bae's original recipe in 2017 along with all the current branding himself. Today, Kevin is committed to making Sauce Bae a household name and the preferred choice for health-conscious hot sauce enthusiasts.

Kevin Carbone
CEO, Principal Executive Officer and Director, Principal Financial Officer and Principal Accounting Officer
Esty DelCioppo
Contributing Advisor

With over 20 years of experience in advertising, Esty Gorman DelCioppo currently works at Google as a Creative Effectiveness Lead, helping brands develop more impactful communications on Google and YouTube. Esty began her career in media at OMD before joining the Account Planning team at BBDO, where she led strategy for clients including Mars, J&J, and P&G, and later headed up the strategic team at Iris NY, for clients such as Barclaycard, Reckitt Benckiser, & Adidas. Esty also teaches Account Planning at Miami Ad School (which she also attended) and has a bachelor's degree in Political Science from Colgate University.

Jim DelCioppo
Contributing Advisor

Jim is an award-winning veteran media and communications professional with over 25 years of experience in journalism, content creation, graphic design, brand marketing, product development, and digital media strategy. He was previously a top editor at the New York Post, where he launched the paper’s digital team.

Names and titles as disclosed on StartEngine, 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 2 of 3 annual reports (FY2023–FY2025)

221 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 DMay 8, 20260001905672-26-000004
    EDGAR
  • Form C-TRApr 15, 20260001905672-26-000003
    EDGAR
  • Form C-ARMar 27, 20250001665160-25-000496
    EDGAR
  • Form C-ARMar 12, 20250001665160-25-000408
    EDGAR
  • Form C-UDec 19, 20230001665160-23-002008
    EDGAR
  • Form C/AAug 17, 20230001665160-23-001661
    EDGAR
  • Form CAug 16, 20230001665160-23-001658
    EDGAR
  • Form DMar 11, 20220001905672-22-000003
    EDGAR
Source: ManualCIK 0001905672DEShare price $0.60

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.