About
Kuleana Rum Works from Kohala, Hawai'i makes and shares exquisite rum that celebrates the richness of the island. We're here to elevate rum by celebrating it as a world-class spirit. We do this by making rum from the best ingredients on Earth and without added sweeteners, flavors, or coloring.
- Kamuela, United States of America
- Legal Name: Kuleana Spirits, INC.
- Company ID:
- Year Founded: 2017
- Industry: Food & Beverages
- Website: https://kuleanarum.com/
- SEC Filings
Highlights
$25.2M
CF Valuation
$1.9M
Total Raised
$3.3M
Revenue
50
Employees
Indicators
Profit Margin
-68%
(-8.3%)
2022: -59.7%
Current Ratio
∞
(0%)
2022: ∞
Revenue Growth
Financials
| INCOME STATEMENT | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $3,314,789 | $3,581,394 | -7% |
| Cost of Goods Sold | -$2,555,652 | -$2,550,194 | 0% |
| Gross Profit | $759,137 | $1,031,200 | -26% |
| Other Costs | -$3,014,340 | -$3,167,937 | -5% |
| Taxes Paid | $0 | $0 | — |
| Net Income | -$2,255,203 | -$2,136,737 | 6% |
| BALANCE SHEET | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $244,737 | $670,323 | -63% |
| Accounts Receivable | $161,777 | $130,244 | 24% |
| Total Liquidity | $406,514 | $800,567 | -49% |
| Other Assets | $8,653,845 | $8,669,089 | -0% |
| Total Assets | $9,060,359 | $9,469,656 | -4% |
| Short Term debt | $0 | $0 | — |
| Long Term debt | $500,000 | $499,900 | 0% |
| Total Debt | $500,000 | $499,900 | 0% |
| Other Liabilities | $8,560,359 | $8,969,756 | -5% |
| Total Liabilities | $9,060,359 | $9,469,656 | -4% |
Revenue Growth
Valuation Growth
Financials
| INCOME STATEMENT | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $3,314,789 | $3,581,394 | -7% |
| Cost of Goods Sold | -$2,555,652 | -$2,550,194 | 0% |
| Gross Profit | $759,137 | $1,031,200 | -26% |
| Other Costs | -$3,014,340 | -$3,167,937 | -5% |
| Taxes Paid | $0 | $0 | — |
| Net Income | -$2,255,203 | -$2,136,737 | 6% |
| BALANCE SHEET | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $244,737 | $670,323 | -63% |
| Accounts Receivable | $161,777 | $130,244 | 24% |
| Total Liquidity | $406,514 | $800,567 | -49% |
| Other Assets | $8,653,845 | $8,669,089 | -0% |
| Total Assets | $9,060,359 | $9,469,656 | -4% |
| Short Term debt | $0 | $0 | — |
| Long Term debt | $500,000 | $499,900 | 0% |
| Total Debt | $500,000 | $499,900 | 0% |
| Other Liabilities | $8,560,359 | $8,969,756 | -5% |
| Total Liabilities | $9,060,359 | $9,469,656 | -4% |
| INCOME STATEMENT | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $3,314,789 | $3,581,394 | -7% |
| Cost of Goods Sold | -$2,555,652 | -$2,550,194 | 0% |
| Gross Profit | $759,137 | $1,031,200 | -26% |
| Other Costs | -$3,014,340 | -$3,167,937 | -5% |
| Taxes Paid | $0 | $0 | — |
| Net Income | -$2,255,203 | -$2,136,737 | 6% |
| BALANCE SHEET | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $244,737 | $670,323 | -63% |
| Accounts Receivable | $161,777 | $130,244 | 24% |
| Total Liquidity | $406,514 | $800,567 | -49% |
| Other Assets | $8,653,845 | $8,669,089 | -0% |
| Total Assets | $9,060,359 | $9,469,656 | -4% |
| Short Term debt | $0 | $0 | — |
| Long Term debt | $500,000 | $499,900 | 0% |
| Total Debt | $500,000 | $499,900 | 0% |
| Other Liabilities | $8,560,359 | $8,969,756 | -5% |
| Total Liabilities | $9,060,359 | $9,469,656 | -4% |
| INCOME STATEMENT | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $3,314,789 | $3,581,394 | -7% |
| Cost of Goods Sold | -$2,555,652 | -$2,550,194 | 0% |
| Gross Profit | $759,137 | $1,031,200 | -26% |
| Other Costs | -$3,014,340 | -$3,167,937 | -5% |
| Taxes Paid | $0 | $0 | — |
| Net Income | -$2,255,203 | -$2,136,737 | 6% |
| BALANCE SHEET | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $244,737 | $670,323 | -63% |
| Accounts Receivable | $161,777 | $130,244 | 24% |
| Total Liquidity | $406,514 | $800,567 | -49% |
| Other Assets | $8,653,845 | $8,669,089 | -0% |
| Total Assets | $9,060,359 | $9,469,656 | -4% |
| Short Term debt | $0 | $0 | — |
| Long Term debt | $500,000 | $499,900 | 0% |
| Total Debt | $500,000 | $499,900 | 0% |
| Other Liabilities | $8,560,359 | $8,969,756 | -5% |
| Total Liabilities | $9,060,359 | $9,469,656 | -4% |
| INCOME STATEMENT | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $3,314,789 | $3,581,394 | -7% |
| Cost of Goods Sold | -$2,555,652 | -$2,550,194 | 0% |
| Gross Profit | $759,137 | $1,031,200 | -26% |
| Other Costs | -$3,014,340 | -$3,167,937 | -5% |
| Taxes Paid | $0 | $0 | — |
| Net Income | -$2,255,203 | -$2,136,737 | 6% |
| BALANCE SHEET | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $244,737 | $670,323 | -63% |
| Accounts Receivable | $161,777 | $130,244 | 24% |
| Total Liquidity | $406,514 | $800,567 | -49% |
| Other Assets | $8,653,845 | $8,669,089 | -0% |
| Total Assets | $9,060,359 | $9,469,656 | -4% |
| Short Term debt | $0 | $0 | — |
| Long Term debt | $500,000 | $499,900 | 0% |
| Total Debt | $500,000 | $499,900 | 0% |
| Other Liabilities | $8,560,359 | $8,969,756 | -5% |
| Total Liabilities | $9,060,359 | $9,469,656 | -4% |
Indicators
Profit Margin
-68%
(-8.3%)
2022: -59.7%
Current Ratio
∞
(0%)
2022: ∞
Efficiency Ratio
77.1%
(8.3%)
2022: 71.2%
Key figures
| INCOME STATEMENT | 2023 | 2022 |
|---|---|---|
| Revenue Growth | -7% | ∞ |
| Profit Margin | -68% | -60% |
| Current Ratio | ∞ | ∞ |
| Efficiency Ratio | 77% | 71% |
| Solvency Ratio | -451% | -427% |
| Debt Ratio | 6% | 5% |
Funding History
1 Funding Round
$1,917,190Total Raised
$25,185,886CF Valuation
—Valuation Growth
| ROUND | STATUS | CLOSE DATE | RAISED | PLATFORM | SECURITY | TERMS | GROWTH | REGULATION | DAYS OPEN | START DATE |
|---|---|---|---|---|---|---|---|---|---|---|
1. Closed | Closed | Sep 23, 2024 | $1,917,190 | StartEngine | Equity | $25M valuation | — | SEC Reg CF | 113 days | Jun 02, 2024 |
