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Reg CF · Convertible Note · Sep 2021

ClosedReached targetReg CFConvertible Note
via WeFunderView campaign
Raised
$699K / $1.1M max
65% of ceiling · target hit day 3
Investors
265
$2.6K avg
Valuation cap
$10M
cap, not an agreed valuation

Raised over time

Cumulative raisedInvestors
$622K$311K$0
185930
Sep 19, 2021 · openedJan 31, 2022 · last reading
Target ($200K) hit — Sep 22, 2021, day 3Deadline Apr 30, 2022 — 89 days out

Left axis: cumulative dollars raised. Right axis: cumulative investors. Live figures via WeFunder; investor counts may lag the platform by up to a day.

Financials disclosed in this offering

FY2019–FY2020 · hover for source
$886K
−$120K
FY2019
$533K
−$323K
FY2020
RevenueNet income
Metric
FY2019 reviewed
FY2020 reviewed
Income statement
Revenue
$886,300
$532,970
Cost of goods sold
$442,771
$191,233
Gross margin
50%
64%
Net income
-$119,799
-$322,569
Taxes paid
$0
$0
Balance sheet
Cash
$339,823
$238,346
Accounts receivable
$5,117
$2,249
Total assets
$348,307
$243,618
Short-term debt
$318,223
$146,877
Long-term debt
$489,945
$867,336
Total liabilities
$808,168
$1,014,213
Other
Headcount
—
4

The fiscal years the issuer disclosed in this offering’s filing, as filed. Full history on the company page.

Deal terms

Valuation cap$10M
Conversion discount20%
Interest rate4%

Perks

Invest $500+ get SwimTopia premium T-shirt$500+

Offering details

Target$200,000
Max$1,070,000
Min investment$100
OpenedSep 19, 2021
DeadlineApr 30, 2022
ClosedJan 31, 2022
Days active134

Links & provenance

Campaign pageSEC filing
Source: Manual
0001670254-21-001052

About this data. Raised amounts and investor counts come from the platform listing and may lag or be restated; SEC-reported totals can differ until the next Form 1-Z/C-U. Post-money valuation is computed as pre-money plus amount raised and is shown once the round closes — it is not a traded price. Financial statements are as reported by the issuer. 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.