BoomBoom

Daily-Use Nasal Sticks That Help You Breathe Better and Feel Refreshed

Last Funded August 2024

$807,939

raised from 79 investors

Investment Terms

You will be investing in BoomBoom through an SPV. This means that when you invest, you will be signing the SPV Subscription Agreement, not the direct investment contract. For more information on SPVs, see here.

Financials

We have financial statements ending December 31, 2024. Our cash in hand is $5,959,098, as of February 2025. Over the three months prior, revenues averaged $3,276,547/month, cost of goods sold has averaged $1,620,974/month, and operational expenses have averaged $783,402/month.

At a Glance

Jan 1 – Dec 31, 2024
$13,400,685
+214%
Revenue
$2,739,095
Net Profit
$1,281,858
+124%
Short-Term Debt
$1,816,939
Raised in 2024
$5,959,098
+214%
Cash on Hand
Created with Highcharts 9.1.2$4,257,610$4,257,610$13,400,685$13,400,685-$125,003-$125,003$2,739,095$2,739,095RevenuesProfit20232024
Net Margin:
20%
Gross Margin:
50%
Return on Assets:
45%
Earnings per Share:
$0.50
Revenue per Employee:
$2,233,447.50
Cash to Assets:
43%
Revenue to Receivables:
1,849%
Debt Ratio:
44%
BBN Financials 2024.pdf BoomBoom GAAP Financial Report.pdf
Management’s Discussion and Analysis of Financial Condition and Results of Operations

You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and the related notes and other financial information included elsewhere in this offering. Some of the information contained in this discussion and analysis, including information regarding the strategy and plans for our business, includes forward-looking statements that involve risks and uncertainties. You should review the "Risk Factors" section for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.

Overview

Daily-Use Nasal Sticks That Help You Breathe Better and Feel Refreshed

Milestones

BoomBoom Naturals Inc. was incorporated in the State of Delaware in July 2020.

Since then, we have:
  • Proven Traction: $20M in sales since 2018
  • Exciting Growth Outlook: $8M Revenue and 4k new retail doors in 2024 projected
  • Sold in Major Retailers: CVS, Walgreens, Walmart, and many others (in 13,000+ doors total)
  • National Visibility: Viral episode on Shark Tank (Season 10, Episode 4)
  • Category Creator: Our *daily-use* nasal sticks drive true incremental sales for retail partners
  • Social Following: 136,000+ Followers on Instagram + TikTok
Historical Results of Operations
  • Revenues & Gross Margin. For the period ended December 31, 2024, the Company had revenues of $13,400,685 compared to the year ended December 31, 2023, when the Company had revenues of $4,257,610. Our gross margin was 49.81% in fiscal year 2024, and 49.48% in 2023.
  • Assets. As of December 31, 2024, the Company had total assets of $6,023,948, including $2,586,762 in cash. As of December 31, 2023, the Company had $2,106,101 in total assets, including $619,128 in cash.
  • Net Income. The Company has had net income of $2,739,095 and net losses of $125,003 for the fiscal years ended December 31, 2024 and December 31, 2023, respectively.
  • Liabilities. The Company's liabilities totaled $2,640,863 for the fiscal year ended December 31, 2024 and $1,574,929 for the fiscal year ended December 31, 2023.
Related Party Transaction

Refer to Question 26 of this Form C for disclosure of all related party transactions.

Liquidity & Capital Resources

To-date, the company has been financed with $1,750,000 in debt and $741,000 in SAFEs.

After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 36 months before we need to raise further capital.

We plan to use the proceeds as set forth in this Form C under "Use of Funds". We don’t have any other sources of capital in the immediate future.

We will likely require additional financing in excess of the proceeds from the Offering in order to perform operations over the lifetime of the Company. We plan to raise capital in 24 months. Except as otherwise described in this Form C, we do not have additional sources of capital other than the proceeds from the offering. Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately project whether the proceeds of this offering will be sufficient to enable us to implement our strategy. This complexity and uncertainty will be increased if less than the maximum amount of securities offered in this offering is sold. The Company intends to raise additional capital in the future from investors. Although capital may be available for early-stage companies, there is no guarantee that the Company will receive any investments from investors.

Runway & Short/Mid Term Expenses

BoomBoom Naturals Inc. cash in hand is $5,959,098, as of February 2025. Over the last three months, revenues have averaged $3,276,547/month, cost of goods sold has averaged $1,620,974/month, and operational expenses have averaged $783,402/month, for an average net margin of $872,171 per month. 

There have been no material changes or trends in our finances or operations since the date our financials are covered.

We expect revenues to be at $5,000,000 per month with expenses of approx. $825,000 per month.

Yes, we are profitable. We are making significant investments into our supply chain to continue to scale, but should remain profitable.

We have access to a revolving line of credit through Settle along with a relationship with American Express that has built-in spending power from years of ad spend and fulfillment expenses. 

All projections in the above narrative are forward-looking and not guaranteed.

Risks

1

The Company may never receive a future equity financing or elect to convert the Securities upon such future financing. In addition, the Company may never undergo a liquidity event such as a sale of the Company or an IPO. If neither the conversion of the Securities nor a liquidity event occurs, the Purchasers could be left holding the Securities in perpetuity. The Securities have numerous transfer restrictions and will likely be highly illiquid, with no secondary market on which to sell them. The Securities are not equity interests, have no ownership rights, have no rights to the Company’s assets or profits and have no voting rights or ability to direct the Company or its actions.

2
Our future success depends on the efforts of a small management team. The loss of services of the members of the management team may have an adverse effect on the company. There can be no assurance that we will be successful in attracting and retaining other personnel we require to successfully grow our business.
3
The Company faces the risk of direct competition from larger, well-established companies entering the nasal stick market, potentially leveraging greater resources, brand recognition, and distribution networks. This heightened competition could result in pricing pressures, increased marketing expenses, and a potential challenge to our market position, impacting our revenue and profitability.

Other Disclosures

The Board of Directors

Director Occupation Joined
John Pinto CEO @ BoomBoom Naturals Inc. 2015

Officers

Officer Title Joined
John Pinto CEO, CFO, and Secretary 2015
Tyler Honaker Vice President 2018
August Noble Vice President 2018

Voting Power

Holder Securities Held Power
John Pinto 3,264,266 Common stock 60.0%

Past Fundraises

Date Security Amount
11/2024 Loan $1,500,000
8/2024 SAFE $66,939
5/2024 Loan $250,000
8/2023 SAFE $741,000

Outstanding Debts

Issued Lender Outstanding
11/14/24 Settle
$1,359,004

Related Party Transactions

On September 1, 2019, John Pinto issued a promissory note to the company and promised to pay $261,144 on or before the maturity date. The note bears an interest rate of 2.38% and has an outstanding balance of $278,924.

Use of Funds

$50,000 72.5%: Inventory, 20%: Retail trade spend and related marketing, 7.5%: Wefunder intermediary fee

$1,235,000 42.5%: Inventory, 30%: Paid advertising and content marketing, 20%: Retail trade spend and related marketing, 7.5%: Wefunder intermediary fee

Capital Structure

Class of Security Securities (or Amount) Authorized Securities (or Amount) Outstanding
Voting Common 7,889,603 4,080,326
Super Angel Preferred Stock 1 816,327 816,327
Non Voting Common 750,000 0
Super Angel Preferred Stock 2 544,070 544,070

Form C Filing on EDGAR

The Securities and Exchange Commission hosts the official Form C on their EDGAR web site.

Details