About
Nearly 30% of orders from ecommerce retailers like Wayfair get returned upon delivery. Unfortunately, these big bulky items are hard to enter back into inventory. This means items end up getting trashed and consumers miss a huge opportunity. This is where Loveseat.com comes in. We operate weekly online auctions where local consumers buy returned goods and save an average of 70% off retail. Loveseat is live in 4 locations in SoCal & Texas --- and soon, we're going to be nationwide!
- San Diego, United States of America
- Legal Name: Loveseat, INC
- Company ID: 462296705
- Year Founded: 2013
- Industry: Furniture
- Website: https://www.loveseat.com/
- SEC Filings
Highlights
$7M
CF Valuation
$242.2K
Total Raised
$1.1M
Revenue
11
Employees
Indicators
Profit Margin
-26.4%
(-3.1%)
2018: -23.3%
Current Ratio
3.14
(-15.1%)
2018: 3.7
Revenue Growth
Financials
| INCOME STATEMENT | 2019 | 2018 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Revenue | $1,085,012 | $1,920,425 | $2,052,573 | $724,498 | 50% |
| Cost of Goods Sold | -$273,352 | -$638,108 | -$722,550 | -$319,812 | -15% |
| Gross Profit | $811,660 | $1,282,318 | $1,330,023 | $404,686 | 101% |
| Other Costs | -$1,097,761 | -$1,730,306 | -$1,886,878 | -$1,032,010 | 6% |
| Taxes Paid | $0 | $0 | $0 | $0 | — |
| Net Income | -$286,101 | -$447,988 | -$556,855 | -$627,324 | -54% |
| BALANCE SHEET | 2019 | 2018 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Cash | $143,903 | $121,230 | $232,971 | $499,084 | -71% |
| Accounts Receivable | $0 | $0 | $0 | $0 | — |
| Total Liquidity | $143,903 | $121,230 | $232,971 | $499,084 | -71% |
| Other Assets | $79,697 | $239,551 | $338,524 | $91,579 | -13% |
| Total Assets | $223,600 | $360,781 | $571,495 | $590,663 | -62% |
| Short Term debt | $71,126 | $97,599 | $72,262 | $119,569 | -41% |
| Long Term debt | $22,295 | $31,523 | $40,303 | $46,203 | -52% |
| Total Debt | $93,421 | $129,122 | $112,565 | $165,772 | -44% |
| Other Liabilities | $130,179 | $231,659 | $458,930 | $424,891 | -69% |
| Total Liabilities | $223,600 | $360,781 | $571,495 | $590,663 | -62% |
Revenue Growth
Employee Growth
Valuation Growth
Financials
| INCOME STATEMENT | 2019 | 2018 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Revenue | $1,085,012 | $1,920,425 | $2,052,573 | $724,498 | 50% |
| Cost of Goods Sold | -$273,352 | -$638,108 | -$722,550 | -$319,812 | -15% |
| Gross Profit | $811,660 | $1,282,318 | $1,330,023 | $404,686 | 101% |
| Other Costs | -$1,097,761 | -$1,730,306 | -$1,886,878 | -$1,032,010 | 6% |
| Taxes Paid | $0 | $0 | $0 | $0 | — |
| Net Income | -$286,101 | -$447,988 | -$556,855 | -$627,324 | -54% |
| BALANCE SHEET | 2019 | 2018 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Cash | $143,903 | $121,230 | $232,971 | $499,084 | -71% |
| Accounts Receivable | $0 | $0 | $0 | $0 | — |
| Total Liquidity | $143,903 | $121,230 | $232,971 | $499,084 | -71% |
| Other Assets | $79,697 | $239,551 | $338,524 | $91,579 | -13% |
| Total Assets | $223,600 | $360,781 | $571,495 | $590,663 | -62% |
| Short Term debt | $71,126 | $97,599 | $72,262 | $119,569 | -41% |
| Long Term debt | $22,295 | $31,523 | $40,303 | $46,203 | -52% |
| Total Debt | $93,421 | $129,122 | $112,565 | $165,772 | -44% |
| Other Liabilities | $130,179 | $231,659 | $458,930 | $424,891 | -69% |
| Total Liabilities | $223,600 | $360,781 | $571,495 | $590,663 | -62% |
| INCOME STATEMENT | 2019 | 2018 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Revenue | $1,085,012 | $1,920,425 | $2,052,573 | $724,498 | 50% |
| Cost of Goods Sold | -$273,352 | -$638,108 | -$722,550 | -$319,812 | -15% |
| Gross Profit | $811,660 | $1,282,318 | $1,330,023 | $404,686 | 101% |
| Other Costs | -$1,097,761 | -$1,730,306 | -$1,886,878 | -$1,032,010 | 6% |
| Taxes Paid | $0 | $0 | $0 | $0 | — |
| Net Income | -$286,101 | -$447,988 | -$556,855 | -$627,324 | -54% |
| BALANCE SHEET | 2019 | 2018 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Cash | $143,903 | $121,230 | $232,971 | $499,084 | -71% |
| Accounts Receivable | $0 | $0 | $0 | $0 | — |
| Total Liquidity | $143,903 | $121,230 | $232,971 | $499,084 | -71% |
| Other Assets | $79,697 | $239,551 | $338,524 | $91,579 | -13% |
| Total Assets | $223,600 | $360,781 | $571,495 | $590,663 | -62% |
| Short Term debt | $71,126 | $97,599 | $72,262 | $119,569 | -41% |
| Long Term debt | $22,295 | $31,523 | $40,303 | $46,203 | -52% |
| Total Debt | $93,421 | $129,122 | $112,565 | $165,772 | -44% |
| Other Liabilities | $130,179 | $231,659 | $458,930 | $424,891 | -69% |
| Total Liabilities | $223,600 | $360,781 | $571,495 | $590,663 | -62% |
| INCOME STATEMENT | 2019 | 2018 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Revenue | $1,085,012 | $1,920,425 | $2,052,573 | $724,498 | 50% |
| Cost of Goods Sold | -$273,352 | -$638,108 | -$722,550 | -$319,812 | -15% |
| Gross Profit | $811,660 | $1,282,318 | $1,330,023 | $404,686 | 101% |
| Other Costs | -$1,097,761 | -$1,730,306 | -$1,886,878 | -$1,032,010 | 6% |
| Taxes Paid | $0 | $0 | $0 | $0 | — |
| Net Income | -$286,101 | -$447,988 | -$556,855 | -$627,324 | -54% |
| BALANCE SHEET | 2019 | 2018 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Cash | $143,903 | $121,230 | $232,971 | $499,084 | -71% |
| Accounts Receivable | $0 | $0 | $0 | $0 | — |
| Total Liquidity | $143,903 | $121,230 | $232,971 | $499,084 | -71% |
| Other Assets | $79,697 | $239,551 | $338,524 | $91,579 | -13% |
| Total Assets | $223,600 | $360,781 | $571,495 | $590,663 | -62% |
| Short Term debt | $71,126 | $97,599 | $72,262 | $119,569 | -41% |
| Long Term debt | $22,295 | $31,523 | $40,303 | $46,203 | -52% |
| Total Debt | $93,421 | $129,122 | $112,565 | $165,772 | -44% |
| Other Liabilities | $130,179 | $231,659 | $458,930 | $424,891 | -69% |
| Total Liabilities | $223,600 | $360,781 | $571,495 | $590,663 | -62% |
| INCOME STATEMENT | 2019 | 2018 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Revenue | $1,085,012 | $1,920,425 | $2,052,573 | $724,498 | 50% |
| Cost of Goods Sold | -$273,352 | -$638,108 | -$722,550 | -$319,812 | -15% |
| Gross Profit | $811,660 | $1,282,318 | $1,330,023 | $404,686 | 101% |
| Other Costs | -$1,097,761 | -$1,730,306 | -$1,886,878 | -$1,032,010 | 6% |
| Taxes Paid | $0 | $0 | $0 | $0 | — |
| Net Income | -$286,101 | -$447,988 | -$556,855 | -$627,324 | -54% |
| BALANCE SHEET | 2019 | 2018 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Cash | $143,903 | $121,230 | $232,971 | $499,084 | -71% |
| Accounts Receivable | $0 | $0 | $0 | $0 | — |
| Total Liquidity | $143,903 | $121,230 | $232,971 | $499,084 | -71% |
| Other Assets | $79,697 | $239,551 | $338,524 | $91,579 | -13% |
| Total Assets | $223,600 | $360,781 | $571,495 | $590,663 | -62% |
| Short Term debt | $71,126 | $97,599 | $72,262 | $119,569 | -41% |
| Long Term debt | $22,295 | $31,523 | $40,303 | $46,203 | -52% |
| Total Debt | $93,421 | $129,122 | $112,565 | $165,772 | -44% |
| Other Liabilities | $130,179 | $231,659 | $458,930 | $424,891 | -69% |
| Total Liabilities | $223,600 | $360,781 | $571,495 | $590,663 | -62% |
| INCOME STATEMENT | 2019 | 2018 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Revenue | $1,085,012 | $1,920,425 | $2,052,573 | $724,498 | 50% |
| Cost of Goods Sold | -$273,352 | -$638,108 | -$722,550 | -$319,812 | -15% |
| Gross Profit | $811,660 | $1,282,318 | $1,330,023 | $404,686 | 101% |
| Other Costs | -$1,097,761 | -$1,730,306 | -$1,886,878 | -$1,032,010 | 6% |
| Taxes Paid | $0 | $0 | $0 | $0 | — |
| Net Income | -$286,101 | -$447,988 | -$556,855 | -$627,324 | -54% |
| BALANCE SHEET | 2019 | 2018 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Cash | $143,903 | $121,230 | $232,971 | $499,084 | -71% |
| Accounts Receivable | $0 | $0 | $0 | $0 | — |
| Total Liquidity | $143,903 | $121,230 | $232,971 | $499,084 | -71% |
| Other Assets | $79,697 | $239,551 | $338,524 | $91,579 | -13% |
| Total Assets | $223,600 | $360,781 | $571,495 | $590,663 | -62% |
| Short Term debt | $71,126 | $97,599 | $72,262 | $119,569 | -41% |
| Long Term debt | $22,295 | $31,523 | $40,303 | $46,203 | -52% |
| Total Debt | $93,421 | $129,122 | $112,565 | $165,772 | -44% |
| Other Liabilities | $130,179 | $231,659 | $458,930 | $424,891 | -69% |
| Total Liabilities | $223,600 | $360,781 | $571,495 | $590,663 | -62% |
Indicators
Profit Margin
-26.4%
(-3.1%)
2018: -23.3%
Current Ratio
3.14
(-15.1%)
2018: 3.7
Efficiency Ratio
25.2%
(-24.1%)
2018: 33.2%
Key figures
| INCOME STATEMENT | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|
| Revenue Growth | -44% | -6% | 183% | ∞ |
| Profit Margin | -26% | -23% | -27% | -87% |
| Current Ratio | 3% | 4% | 8% | 5% |
| Efficiency Ratio | 25% | 33% | 35% | 44% |
| Solvency Ratio | -306% | -347% | -495% | -378% |
| Debt Ratio | 42% | 36% | 20% | 28% |
Funding History
2 Funding Rounds
$242,247Total Raised
$7,000,000CF Valuation
-12%Valuation Growth
| ROUND | STATUS | CLOSE DATE | RAISED | PLATFORM | SECURITY | TERMS | GROWTH | REGULATION | DAYS OPEN | START DATE |
|---|---|---|---|---|---|---|---|---|---|---|
2. Closed | Closed | Dec 10, 2019 | $62,345 | Wefunder | SAFE | $7M cap | -12% | SEC Reg CF | 202 days | May 22, 2019 |
1. Closed | Closed | Apr 30, 2018 | $179,902 | Wefunder | SAFE | $8M cap | — | SEC Reg CF | 161 days | Nov 20, 2017 |
