About
Home goods that make everyday life worth it.
- Ft Lauderdale, United States of America
- Legal Name: Palermo House INC.
- Company ID:
- Year Founded: —
- Industry: Retail
- Website: —
- SEC Filings
Highlights
$7M
CF Valuation
$0
Total Raised
$2.9M
Revenue
2
Employees
Indicators
Profit Margin
3.2%
(-8.2%)
2022: 11.4%
Current Ratio
0.95
(-62.3%)
2022: 2.52
Revenue Growth
Financials
| INCOME STATEMENT | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $2,933,760 | $914,166 | 221% |
| Cost of Goods Sold | -$644,889 | -$222,328 | 190% |
| Gross Profit | $2,288,871 | $691,838 | 231% |
| Other Costs | -$2,195,052 | -$587,214 | 274% |
| Taxes Paid | $0 | $0 | — |
| Net Income | $93,819 | $104,624 | -10% |
| BALANCE SHEET | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $268,016 | $63,637 | 321% |
| Accounts Receivable | $37,500 | $37,500 | 0% |
| Total Liquidity | $305,516 | $101,137 | 202% |
| Other Assets | $211,281 | $209,786 | 1% |
| Total Assets | $516,797 | $310,923 | 66% |
| Short Term debt | $545,826 | $123,262 | 343% |
| Long Term debt | $17,943 | $88,028 | -80% |
| Total Debt | $563,769 | $211,290 | 167% |
| Other Liabilities | -$46,972 | $99,633 | -147% |
| Total Liabilities | $516,797 | $310,923 | 66% |
Revenue Growth
Financials
| INCOME STATEMENT | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $2,933,760 | $914,166 | 221% |
| Cost of Goods Sold | -$644,889 | -$222,328 | 190% |
| Gross Profit | $2,288,871 | $691,838 | 231% |
| Other Costs | -$2,195,052 | -$587,214 | 274% |
| Taxes Paid | $0 | $0 | — |
| Net Income | $93,819 | $104,624 | -10% |
| BALANCE SHEET | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $268,016 | $63,637 | 321% |
| Accounts Receivable | $37,500 | $37,500 | 0% |
| Total Liquidity | $305,516 | $101,137 | 202% |
| Other Assets | $211,281 | $209,786 | 1% |
| Total Assets | $516,797 | $310,923 | 66% |
| Short Term debt | $545,826 | $123,262 | 343% |
| Long Term debt | $17,943 | $88,028 | -80% |
| Total Debt | $563,769 | $211,290 | 167% |
| Other Liabilities | -$46,972 | $99,633 | -147% |
| Total Liabilities | $516,797 | $310,923 | 66% |
| INCOME STATEMENT | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $2,933,760 | $914,166 | 221% |
| Cost of Goods Sold | -$644,889 | -$222,328 | 190% |
| Gross Profit | $2,288,871 | $691,838 | 231% |
| Other Costs | -$2,195,052 | -$587,214 | 274% |
| Taxes Paid | $0 | $0 | — |
| Net Income | $93,819 | $104,624 | -10% |
| BALANCE SHEET | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $268,016 | $63,637 | 321% |
| Accounts Receivable | $37,500 | $37,500 | 0% |
| Total Liquidity | $305,516 | $101,137 | 202% |
| Other Assets | $211,281 | $209,786 | 1% |
| Total Assets | $516,797 | $310,923 | 66% |
| Short Term debt | $545,826 | $123,262 | 343% |
| Long Term debt | $17,943 | $88,028 | -80% |
| Total Debt | $563,769 | $211,290 | 167% |
| Other Liabilities | -$46,972 | $99,633 | -147% |
| Total Liabilities | $516,797 | $310,923 | 66% |
| INCOME STATEMENT | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $2,933,760 | $914,166 | 221% |
| Cost of Goods Sold | -$644,889 | -$222,328 | 190% |
| Gross Profit | $2,288,871 | $691,838 | 231% |
| Other Costs | -$2,195,052 | -$587,214 | 274% |
| Taxes Paid | $0 | $0 | — |
| Net Income | $93,819 | $104,624 | -10% |
| BALANCE SHEET | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $268,016 | $63,637 | 321% |
| Accounts Receivable | $37,500 | $37,500 | 0% |
| Total Liquidity | $305,516 | $101,137 | 202% |
| Other Assets | $211,281 | $209,786 | 1% |
| Total Assets | $516,797 | $310,923 | 66% |
| Short Term debt | $545,826 | $123,262 | 343% |
| Long Term debt | $17,943 | $88,028 | -80% |
| Total Debt | $563,769 | $211,290 | 167% |
| Other Liabilities | -$46,972 | $99,633 | -147% |
| Total Liabilities | $516,797 | $310,923 | 66% |
Indicators
Profit Margin
3.2%
(-8.2%)
2022: 11.4%
Current Ratio
0.95
(-62.3%)
2022: 2.52
Efficiency Ratio
22%
(-9.5%)
2022: 24.3%
Key figures
| INCOME STATEMENT | 2023 | 2022 |
|---|---|---|
| Revenue Growth | 221% | ∞ |
| Profit Margin | 3% | 11% |
| Current Ratio | 1% | 3% |
| Efficiency Ratio | 22% | 24% |
| Solvency Ratio | 17% | 50% |
| Debt Ratio | 109% | 68% |
Funding History
1 Funding Round
$1,346Total Raised
$7,040,000CF Valuation
—Valuation Growth
| ROUND | STATUS | CLOSE DATE | RAISED | PLATFORM | SECURITY | TERMS | GROWTH | REGULATION | DAYS OPEN | START DATE |
|---|---|---|---|---|---|---|---|---|---|---|
1. Withdrawn | Withdrawn | — | $1,346 | StartEngine | Equity | $7M valuation | — | SEC Reg CF | 91 days | Nov 12, 2024 |
