About
—
- Charleston, United States of America
- Legal Name: Heartstone Farm, INC.
- Company ID:
- Year Founded: 2016
- Industry: Food & Beverages
- Website: https://heartstonefarm.me
- SEC Filings
Highlights
$15M
CF Valuation
$0
Total Raised
$2.5M
Revenue
10
Employees
Indicators
Profit Margin
-9.6%
(-12.3%)
2022: 2.7%
Current Ratio
1.38
(-37.6%)
2022: 2.21
Revenue Growth
Financials
| INCOME STATEMENT | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $2,538,404 | $2,484,886 | 2% |
| Cost of Goods Sold | -$1,721,991 | -$1,729,726 | -0% |
| Gross Profit | $816,413 | $755,160 | 8% |
| Other Costs | -$1,059,194 | -$687,828 | 54% |
| Taxes Paid | $0 | $0 | — |
| Net Income | -$242,781 | $67,332 | -461% |
| BALANCE SHEET | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $264,656 | $517,398 | -49% |
| Accounts Receivable | $2,354 | $540 | 336% |
| Total Liquidity | $267,010 | $517,938 | -48% |
| Other Assets | $845,597 | $525,766 | 61% |
| Total Assets | $1,112,607 | $1,043,704 | 7% |
| Short Term debt | $803,909 | $472,955 | 70% |
| Long Term debt | $466,258 | $479,734 | -3% |
| Total Debt | $1,270,167 | $952,689 | 33% |
| Other Liabilities | -$157,560 | $91,015 | -273% |
| Total Liabilities | $1,112,607 | $1,043,704 | 7% |
Revenue Growth
Financials
| INCOME STATEMENT | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $2,538,404 | $2,484,886 | 2% |
| Cost of Goods Sold | -$1,721,991 | -$1,729,726 | -0% |
| Gross Profit | $816,413 | $755,160 | 8% |
| Other Costs | -$1,059,194 | -$687,828 | 54% |
| Taxes Paid | $0 | $0 | — |
| Net Income | -$242,781 | $67,332 | -461% |
| BALANCE SHEET | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $264,656 | $517,398 | -49% |
| Accounts Receivable | $2,354 | $540 | 336% |
| Total Liquidity | $267,010 | $517,938 | -48% |
| Other Assets | $845,597 | $525,766 | 61% |
| Total Assets | $1,112,607 | $1,043,704 | 7% |
| Short Term debt | $803,909 | $472,955 | 70% |
| Long Term debt | $466,258 | $479,734 | -3% |
| Total Debt | $1,270,167 | $952,689 | 33% |
| Other Liabilities | -$157,560 | $91,015 | -273% |
| Total Liabilities | $1,112,607 | $1,043,704 | 7% |
| INCOME STATEMENT | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $2,538,404 | $2,484,886 | 2% |
| Cost of Goods Sold | -$1,721,991 | -$1,729,726 | -0% |
| Gross Profit | $816,413 | $755,160 | 8% |
| Other Costs | -$1,059,194 | -$687,828 | 54% |
| Taxes Paid | $0 | $0 | — |
| Net Income | -$242,781 | $67,332 | -461% |
| BALANCE SHEET | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $264,656 | $517,398 | -49% |
| Accounts Receivable | $2,354 | $540 | 336% |
| Total Liquidity | $267,010 | $517,938 | -48% |
| Other Assets | $845,597 | $525,766 | 61% |
| Total Assets | $1,112,607 | $1,043,704 | 7% |
| Short Term debt | $803,909 | $472,955 | 70% |
| Long Term debt | $466,258 | $479,734 | -3% |
| Total Debt | $1,270,167 | $952,689 | 33% |
| Other Liabilities | -$157,560 | $91,015 | -273% |
| Total Liabilities | $1,112,607 | $1,043,704 | 7% |
| INCOME STATEMENT | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $2,538,404 | $2,484,886 | 2% |
| Cost of Goods Sold | -$1,721,991 | -$1,729,726 | -0% |
| Gross Profit | $816,413 | $755,160 | 8% |
| Other Costs | -$1,059,194 | -$687,828 | 54% |
| Taxes Paid | $0 | $0 | — |
| Net Income | -$242,781 | $67,332 | -461% |
| BALANCE SHEET | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $264,656 | $517,398 | -49% |
| Accounts Receivable | $2,354 | $540 | 336% |
| Total Liquidity | $267,010 | $517,938 | -48% |
| Other Assets | $845,597 | $525,766 | 61% |
| Total Assets | $1,112,607 | $1,043,704 | 7% |
| Short Term debt | $803,909 | $472,955 | 70% |
| Long Term debt | $466,258 | $479,734 | -3% |
| Total Debt | $1,270,167 | $952,689 | 33% |
| Other Liabilities | -$157,560 | $91,015 | -273% |
| Total Liabilities | $1,112,607 | $1,043,704 | 7% |
Indicators
Profit Margin
-9.6%
(-12.3%)
2022: 2.7%
Current Ratio
1.38
(-37.6%)
2022: 2.21
Efficiency Ratio
67.8%
(-2.6%)
2022: 69.6%
Key figures
| INCOME STATEMENT | 2023 | 2022 |
|---|---|---|
| Revenue Growth | 2% | ∞ |
| Profit Margin | -10% | 3% |
| Current Ratio | 1% | 2% |
| Efficiency Ratio | 68% | 70% |
| Solvency Ratio | -19% | 7% |
| Debt Ratio | 114% | 91% |
Funding History
1 Funding Round
$820,061Total Raised
$15,000,000CF Valuation
—Valuation Growth
| ROUND | STATUS | CLOSE DATE | RAISED | PLATFORM | SECURITY | TERMS | GROWTH | REGULATION | DAYS OPEN | START DATE |
|---|---|---|---|---|---|---|---|---|---|---|
1. Open | Open | — | $820,061 | StartEngine | Equity | $15M valuation | — | SEC Reg CF | 168 days | Aug 21, 2024 |
