# EDGAR Filing Document

**Accession Number:** 0001958615
**File Stem:** 0001746059-23-000012
**Filing Date:** 2023-1
**Character Count:** 57251
**Document Hash:** 1fb8b8f62c4614d7caa67e45926cc530
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001746059-23-000012.hdr.sgml**: 20230110

**ACCESSION NUMBER**: 0001746059-23-000012

**CONFORMED SUBMISSION TYPE**: C/A

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20230110

**DATE AS OF CHANGE**: 20230110

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Pioneer Gelato Inc.
- **CENTRAL INDEX KEY:** 0001958615
- **IRS NUMBER:** 811360853
- **STATE OF INCORPORATION:** NY

**FILING VALUES:**
- **FORM TYPE:** C/A
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 020-31585
- **FILM NUMBER:** 23520078

**BUSINESS ADDRESS:**
- **STREET 1:** 280 VAN BRUNT ST
- **CITY:** BROOKLYN
- **STATE:** NY
- **ZIP:** 11231
- **BUSINESS PHONE:** (718) 855-0680

**MAIL ADDRESS:**
- **STREET 1:** 280 VAN BRUNT ST
- **CITY:** BROOKLYN
- **STATE:** NY
- **ZIP:** 11231

### Attached PDF Documents

**Attachment 1:** `dulce_offmoca.pdf`

![img-0.jpeg](img-0.jpeg)

## OFFERING MEMORANDUM

facilitated by

![img-1.jpeg](img-1.jpeg)

1

# Pioneer Gelato Inc.

## FORM C

### OFFERING MEMORANDUM

#### Purpose of This Form

A company that wants to raise money using Regulation Crowdfunding must give certain information to prospective investors, so investors will have a basis for making an informed decision. The Securities and Exchange Commission, or SEC, has issued regulations at 17 CFR §227.201 listing the information companies must provide. This form - Form C - is the form used to provide that information.

Each heading below corresponds to a section of the SEC's regulations under 17 CFR §227.201.

#### (A) The Company

| Name of Company | Pioneer Gelato Inc. |
| --- | --- |
| State of Organization | NY |
| Date of Formation | 01/01/2016 |
| Entity Type | Corporation |
| Street Address | 280 Van Brunt St, Brooklyn NY, 11231 |
| Website Address | http:www.dolcebrooklyn.com |

#### (B) Directors and Officers of the Company

| Key Person | Pierre Alexandre |
| --- | --- |
| Position with the Company | Title owner First Year 2016 |
| Other business experience (last three years) | Owner/Manager. Former journalist and entrepreneur |

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| Key Person | Kristina Frantz |
| --- | --- |
| Position with the Company | Title owner First Year 2016 |
| Other business experience (last three years) | Gelato Creator Tech specialist |

# (C) Each Person Who Owns 20% or More of the Voting Power

| Name of Holder | % of Voting Power (Prior to Offering) |
| --- | --- |
| Pierre Alexandre | 50% |
| Kristina Frantz | 50% |

# (D) The Company's Business and Business Plan

# Our Offerings

Along with our primary retail location, online e-commerce and growing list of wholesale customers, we partner with local chefs from upscale restaurants, luxury hotels, and private clubs to create primary flavors along with paired gelato and sorbet dessert for tasting menus.

- Wholesale: We work with top chefs in the area and offer customized flavors to match their menus in addition to our normal flavors.
- Catering: We offer pre-packed cups, sundae bar and gelato carts for catering small to large events like weddings and office socials
- Retail: One flagship store located in the heart of Brooklyn, Carroll Gardens (204 Sackett Street)
- Online e-commerce: We offer our products on 3 e-commerce platforms in 3 different markets (New York City, Northern New Jersey and Philadelphia)

# The Team

Pierre Alexandre, Owner-Manager

Pierre was an economist journalist for 20 years before becoming a serial entrepreneur. He created Dolce Brooklyn in 2016 with his wife Kristina.

Kristina Frantz, Owner- Chief Gelato Officer

Kristina is the co-funder of Dolce Brooklyn and the creator of our gelato and sorbetto. She sources many of the fresh fruits and vegetables from the local farmer's market and other top ingredients from specialty shops. She use only fine European chocolates from France and Belgium and only whole nuts rather than pastes.

3

Joshua Brambir, Chef/Production Manager

Food and beverages professional with ten years of experience in the frozen dessert business. Former store manager and event coordinator for Grom Gelatoand, former owner of Pippin Gelato NYC.

Pierre Martin, Member of the Advisory Board

Pierre Martin is a well-seasoned corporate manager with years of expertise in growth strategy and finance. His areas of involvement with his clients include: Financial and administrative management, planning and strategic consulting, contract negotiation and management, project financing, human resources.

Intended Use of Funds

The purpose of the capital raise is to industrialize the company. Since its inception in 2016, we have operated in an artisanal way. We realized in late 2019 that we had a huge potential in online and wholesale business (also less seasonal than the retail store). The capital raised will go towards streamlining production, reducing production and delivery costs, while improving quality and customer service. It will also put us on track to hire dedicated wholesale sales reps.

- Purchase of new equipment (pasteurizer, batch freezer, filler, freezers)
- Purchase of delivery vehicle (refrigerated vehicle able to maintain frozen temperature for 10 hours)
- Inventory to be able to deliver every customer next day
- Working capital to manage cash flow during strong growth
- If we reach the maximum amount of Capital Raise ($124,000): Hiring of sales representative for wholesale business

Our Gelato...

Gelato is Italian-style ice cream. It is significantly lower in fat, 6-8%, and has a lot less air than traditional American-style ice cream which accounts for its smooth texture and premium flavor.

Our gelato is made with all natural, award winning milk from the Hudson Valley (Battenkill Valley Creamery) and only the finest ingredients are added to create our gelato & sorbetto (vegan). Each flavor is made on premise in small batches to ensure freshness and quality.

Our chef, Kristina Frantz, sources many of the fresh fruits and vegetables from the local farmer's market and other top ingredients from specialty shops. We use only fine European chocolates from France and Belgium and only whole nuts rather than pastes.

Our flavors change seasonally and new ones are added regularly. We are working with Chefs in the New York area to help enhance the menu for their restaurants, hotels and catering events. We can create savory and sweet bespoke flavors.

For more information, please refer to the Page View included with this filing.

(E) Number of Employees

The Company currently has 1 employees. The Company may hire or discharge employees in the future to meet its objectives.

(F) Risks of Investing

4

A crowdfunding investment involves risk. **YOU SHOULD NOT INVEST ANY FUNDS IN THIS OFFERING UNLESS YOU CAN AFFORD TO LOSE YOUR ENTIRE INVESTMENT.** In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. Please review the Educational Materials for risks that are common to many of the companies on the MainVest platform.

THESE SECURITIES ARE OFFERED UNDER AN EXEMPTION FROM REGISTRATION UNDER FEDERAL LAW. THE U.S. SECURITIES AND EXCHANGE COMMISSION (THE “SEC”) HAS NOT MADE AN INDEPENDENT DETERMINATION THAT THESE SECURITIES ARE EXEMPT FROM REGISTRATION. THE SEC HAS NOT PASSED UPON THE MERITS OF THE SECURITIES OR THE TERMS OF THE OFFERING, AND HAS NOT PASSED UPON THE ACCURACY OR COMPLETENESS OF THE OFFERING DOCUMENTS OR LITERATURE.

THESE SECURITIES HAVE NOT BEEN RECOMMENDED OR APPROVED BY ANY FEDERAL OR STATE SECURITIES COMMISSION OR REGULATORY AUTHORITY. FURTHERMORE, THESE AUTHORITIES HAVE NOT PASSED UPON THE ACCURACY OR ADEQUACY OF THIS DOCUMENT.

Please refer to Appendix A for additional risks to consider when investing in this offering.

# **(G) Target Offering Amount and Offering Deadline**

| Target Offering Amount | $100,000 |
| --- | --- |
| Offering Deadline | April 7, 2023 |

If the sum of the investment commitments does not equal or exceed the Target Offering Amount as of the Offering Deadline, no securities will be sold in the offering, investment commitments will be canceled, and all committed funds will be returned. The Company may extend the Offering Deadline and shall treat such an extension as a material change to the original offer and provide Investors with notice and opportunity to reconfirm their investment in accordance with Section (K) of this Memorandum.

# **(H) Commitments that Exceed the Target Offering Amount**

| Will the Company accept commitments that exceed the Target Offering Amount? | Yes |
| --- | --- |
| What is the maximum you will accept in this Offering? | $124,000 |
| If Yes, how will the Company deal with the oversubscriptions? | We will accept subscriptions on a first-come, first-served basis. |

# **(I) How the Company Intends to Use the Money Raised in the Offering**

The Company is reasonably sure it will use the money raised in the offering as follows:

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| Use | Amount (Minimum) | Amount (Maximum) |
| --- | --- | --- |
| Refrigerator Truck | $46,000 | $46,000 |
| Equipment | $16,000 | $16,000 |
| Additional Inventory | $20,000 | $20,000 |
| Working Capital | $12,000 | $12,000 |
| Wholesale Salesperson (partial) Salary | $0 | $22,560 |
| Mainvest Compensation | $6,000 | $7,440 |
| TOTAL | $100,000 | $124,000 |

The amounts listed estimates and are not intended to be exact description of the Company's expenditures. Exact allocation and use of funds may vary based upon legitimate business expenditures and economic factors.

#### (J) The Investment Process

##### To Invest

- Review this Form C and the Campaign Page
- If you decide to invest, enter an amount and press the Invest button
- Follow the instructions

##### TO CANCEL YOUR INVESTMENT

Send an email to info@mainvest.com no later than 48 hours before the Offering Deadline or go to the dashboard for your user account to cancel manually. In your email, include your name and the name of the Company.

##### Other Information on the Investment Process

- Investors may cancel an investment commitment until 48 hours prior to the Offering Deadline.
- MainVest will notify investors when and if the Target Offering Amount has been raised.
- If the Company reaches the Target Offering Amount before the Offering Deadline, it may close the offering early if it provides notice about the new Offering Deadline at least five business days before such new Offering Deadline, absent a material change that would require an extension of the offering and reconfirmation of the investment commitment.
- If an investor does not cancel an investment commitment before the 48-hour period before the Offering Deadline, the funds will be released to the Company upon closing of the offering and the investor will receive securities in exchange for his or her investment.

For additional information about the investment and cancellation process, see the Educational Materials.

#### (K) Material Changes

6

In the event the issuer undergoes a material change, the Investor will be notified of such change. The investor will have five (5) business days from the receipt of such notice to reconfirm their investment. IF AN INVESTOR DOES NOT RECONFIRM HIS OR HER INVESTMENT COMMITMENT WITHIN FIVE (5) DAYS OF THE NOTICE OF MATERIAL CHANGE BEING SENT, THE INVESTOR'S INVESTMENT COMMITMENT WILL BE CANCELLED, THE COMMITTED FUNDS WILL BE RETURNED, AND THE INVESTOR WILL NOT BE ISSUED ANY OF THE SECURITIES REFERENCED IN THIS OFFERING.

#### Explanation

A 'material change' means a change that an average, careful investor would want to know about before making an investment decision. If a material change occurs after you make an investment commitment but before the Offering closes, then the Company will notify you and ask whether you want to invest anyway. If you do not affirmatively choose to invest, then your commitment will be cancelled, your funds will be returned to you, and you will not receive any securities.

#### (L) Price of the Securities

The Company is offering 'securities' in the form of revenue sharing notes, which we refer to as 'Notes.' The Notes are being offered at their face amount. For example, you will pay $1,000 for a Note with a face amount of $1,000.

7

## (M) Terms of the Securities

### Overview

The Company is offering “securities” in the form of revenue sharing notes, which we refer to as the “Notes.” The Terms of the Notes are set forth in the Revenue Share Agreement accompanying this Form C in Appendix A. Copies of the Note and Revenue Sharing Agreement are attached to this Form C.

### Summary of Terms

| Revenue Percentage 1 | 2.0 - 2.5% 2 |
| --- | --- |
| Payment Deadline | 2028-06-30 |
| Maximum Payment Multiple 3 - Early Investors - All Other Investors | 1.6 x 1.4 x |
| Sharing Start Date | The first day after disbursement that the company has revenues greater than one ($1) dollar |
| First Payment Date | The last day of the calendar quarter ending not less than 90 days after the Sharing Start Date |
| Seniority | Subordinated |
| Securitization | Unsecured |
| Accrual Rate | 3.79% |

$^{1}$ as defined in the note agreement included in Appendix A

$^{2}$ The rate of revenue sharing is calculated on a linear scale with a minimum rate of 2.0% and a maximum rate of 2.5% and is rounded to the nearest 1/10th percent. The final rate is based on the amount raised and is calculated after the offering has successfully closed. As the amount raised in the offering increases, the rate of revenue sharing increases. For example, a hypothetical offering could result in the following revenue sharing percentages, depending on the amount raised:

| Amount Raised | Revenue Sharing Percentage |
| --- | --- |
| $100,000 | 2.0% |
| $106,000 | 2.1% |
| $112,000 | 2.2% |
| $118,000 | 2.4% |
| $124,000 | 2.5% |

$^{3}$ To reward early participation, the investors who contribute the first $20,000.0 raised in the offering will receive a 1.6x cap. Investors who contribute after $20,000.0 has been raised in the offering will receive a 1.4x cap.

### Your Right to Payments under the Note

Your right to payments under the Note is set forth in the Note, together with a separate document

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called the Revenue Sharing Agreement. Copies of the Note and Revenue Sharing Agreement are attached to this Form C. Additionally, general terms are outlined below and in the Company's offering page.

# Obligation to Contribute Capital

Once you pay for your Note, you will have no obligation to contribute more money to the Company, and you will not be personally obligated for any debts of the Company. However, under some circumstances you could be required by law to return some or all of a distribution you receive from the Company.

# No Right to Transfer

You should plan to hold the Notes until maturity. The Notes will be illiquid (meaning you might not be able to sell them) for at least four reasons:

- The Revenue Sharing Agreement prohibits the sale or other transfer of Notes without the Company's consent.
- If you want to sell your Note the Company will have the first right of refusal to buy it, which could make it harder to find a buyer.
- Even if a sale were permitted, there is no ready market for Notes, as there would be for a publicly-traded stock.
- By law, for a period of one year you won't be allowed to transfer the Investor Shares except (i) to the Company itself, (ii) to an "accredited" investor, (iii) to a family or trust, or (iii) in a public offering of the Company's shares.

# Security

The Notes are not secured by any assets of the Company or any assets of persons associated with the Company.

# Modification of Terms of Notes

The terms of the Notes and the Revenue Sharing Agreement may be modified or amended with the consent of Investors holding 50% of the Notes, measured by the total amount outstanding under each Note.

# Other Classes of Securities

| Name of Security | Pioneer gelato |
| --- | --- |
| Number of Shares Outstanding | 0 |
| Describe Voting Rights of These Securities, Including Any Limitations on Voting Rights | Yes |
| How these securities differ from the revenue sharing notes being offered to investors | The Equity Interests represent ownership interests in the Company, whereas the Promissory Notes are a debt obligation of the Company |

9

## Dilution of Rights

The Company has the right to create additional classes of securities, both equity securities and debt securities (e.g., other classes of promissory notes). Some of these additional classes of securities could have rights that are superior to those of the Notes. For example, the Company could issue promissory notes that are secured by specific property of the Company.

## The People Who Control the Company

Each of these people owns 20% or more of the total voting power of the Company:

| Name of Holder | % of Voting Power (Prior to Offering) |
| --- | --- |
| Pierre Alexandre | 50% |
| Kristina Frantz | 50% |

## How the Exercise of Voting Rights Could Affect You

You will receive payments with respect to your Note only if the Company makes enough money to pay you, or, if the Company does not make enough money to pay you, if there is enough value in the collateral the Company pledged as security for the Notes.

The people with voting rights control the Company and make all the decisions about running its business. If they make good business decisions, it is more likely you will be paid. If they make poor business decisions, it is less likely you will be paid. For example, if they hire too many people and/or try to expand too quickly, the business could be harmed. The people with voting rights could also decide to file for bankruptcy protection, making it more difficult for you to be paid.

## How the Notes are Being Valued

The Notes are being valued at their face value. We don't anticipate that we'll ever need to place a value on the Notes in the future.

## (N) The Funding Portal

The Company is offering its securities through MainVest, Inc., which is a 'Funding Portal' licensed by the Securities and Exchange Commission and FINRA. MainVest Inc.'s Central Index Key (CIK) number is 0001746059, their SEC File number is 007-00162, and their Central Registration Depository (CRD) number is 298384.

## (O) Compensation of the Funding Portal

Upon successful funding of the Offering, the Funding Portal will receive as the 'Revenue Securement Fee'; 4.5% of the amount of the Offering raised by In-Network Users of the Platform plus 9.0% of the amount of the Offering raised by all other investors. 'In-Network Users' means a user of Mainvest.com who who have utilized the Company's specified in-network link on the Site.

## (P) Indebtedness of the Company

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| Creditor | Amount | Interest Rate | Maturity Date | Other Important Terms |
| --- | --- | --- | --- | --- |
| EIDL | $195,000 | 3.3% | 04/03/2053 |  |

#### (Q) Other Offerings of Securities within the Last Three Years

The Company has not made any offerings with other third-party regulation crowdfunding companies in the past three years.

#### (R) Transactions Between the Company and “Insiders”

The Company has not entered into any business transactions, including stock Purchases, salaries, property rentals, consulting arrangements, guaranties, or other agreements with any individual identified in Section 227.201 (r)(1)-(4) of Regulation Crowdfunding during the 12 months preceding this Offering.

#### (S) The Company’s Financial Condition

##### Historical milestones

Dolce Brooklyn has been operating since January 2016 and has since achieved the following milestones:

- Opened location in Brooklyn, NY
- Achieved revenue of $380,000 in 2021 which then grew to $525,000 in 2022.
- Had Cost of Goods Sold (COGS) of $140,000 in 2021 which represented gross profit margin of 34%. COGS were then $180,000 in 2022, which implied gross profit margin of 34%.
- Achieved profit of $5,000 in 2021, which then grew to $27,000 in 2022.

Historical financial performance is not necessarily predictive of future performance.

##### Other outstanding debt or equity

As of 11/11/2021, Dolce Brooklyn has debt of $195,000 outstanding and a cash balance of 110,000. This debt is sourced primarily from EIDL (SBA Covid emergency funding) and will be senior to any investment raised on Mainvest. In addition to the Dolce Brooklyn’s outstanding debt and the debt raised on Mainvest, Dolce Brooklyn may require additional funds from alternate sources at a later date.

#### (T) The Company’s Financial Statements

Please see Appendix B for historical financial statements.

##### Pro Forma Income Statement

In order to illustrate its future earning potential, the Company has provided a summary of its - year financial forecast. The forecast has been developed by the Company using reasonable best efforts based on their understanding of the industry and market they wish to enter. Please refer to Section (F) of this Offering Memorandum for a list of the risks associated with an investment in the Company and utilizing any pro forma provided by the Company for making investment decisions.

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|  | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
| --- | --- | --- | --- | --- | --- |
| Gross Sales | $830,000 | $1,328,000 | $1,593,600 | $1,832,640 | $2,107,536 |
| Cost of Goods Sold | $250,000 | $300,000 | $350,000 | $400,000 | $450,000 |
| Gross Profit | $580,000 | $1,028,000 | $1,243,600 | $1,432,640 | $1,657,536 |
| EXPENSES |  |  |  |  |  |
| Rent | $45,000 | $80,000 | $100,000 | $120,000 | $120,000 |
| Utilities | $18,000 | $20,000 | $40,000 | $40,000 | $50,000 |
| Salaries | $160,000 | $250,000 | $350,000 | $370,000 | $400,000 |
| Insurance | $8,000 | $12,000 | $20,000 | $20,000 | $20,000 |
| Equipment Lease | $20,000 | $30,000 | $50,000 | $53,844 | $55,190 |
| Repairs & Maintenance | $20,000 | $22,000 | $25,000 | $30,000 | $40,000 |
| Legal & Professional Fees | $12,000 | $12,000 | $20,000 | $25,000 | $30,000 |
| Commissions | $8,000 | $10,000 | $15,000 | $25,000 | $50,000 |
| Transportation Expenses | $11,000 | $17,000 | $25,000 | $35,000 | $50,000 |
| Operating Profit | $278,000 | $575,000 | $598,600 | $713,796 | $842,346 |

#### (U) Disqualification Events

Neither The Company nor any individual identified by Section 227.503(a) of Regulation Crowdfunding is the subject of a disqualifying event as defined by Section 227.503 of Regulation Crowdfunding.

##### Explanation

A company is not allowed to raise money using Regulation Crowdfunding if certain designated people associated with the Company (including its directors or executive officers) committed certain prohibited acts (mainly concerned with violations of the securities laws) on or after May 16, 2016. (You can read more about these rules in the Educational Materials.) This item requires a company to disclose whether any of those designated people committed any of those prohibited acts before May 16, 2016.

#### (V) Updates on the Progress of the Offering

To track the investment commitments we’ve received in this Offering, click to see the Progress Bar.

#### (W) Annual Reports for the Company

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The Company will file a report with the Securities and Exchange Commission annually and post the report on our website no later than 120 days after the end of each fiscal year. It's possible that at some point, the Company will not be required to file any more annual reports. We will notify you if that happens.

# **(X) Our Compliance with Reporting Obligations**

The Company has never raised money using Regulation Crowdfunding before, and therefore has never been required to file any reports.

# **(Y) Other Information Prospective Investors Should Know About**

The Issuer may offer 'Perks' as a means of showing appreciation to investors for supporting small community businesses. The offering of 'Perks' by issuers is done purely on a voluntary basis and have no influence upon the terms of the Offering. As such, Investor 'Perks' are not contractual conditions governed by 'the Note' and are not enforceable under 'the Note'.

# **Additional Information Included in the Form C**

|  | Most recent fiscal year-end (tax returns) | Prior fiscal year-end (tax returns) |
| --- | --- | --- |
| Total Assets | $187,298.00 | $74,518.00 |
| Cash & Cash Equivalents | $124,110.00 | $10,420.00 |
| Accounts Receivable | $0 | $0 |
| Short-term Debt | $26,000.00 | $37,207.00 |
| Long-term Debt | $185,202.00 | $218,763.00 |
| Revenues/Sales | $375,222.00 | $183,845.00 |
| Cost of Goods Sold | $140,449.00 | $68,128.00 |
| Taxes Paid | $0 | $0 |
| Net Income | $-33,303.00 | $-16,593.00 |

Jurisdictions in which the Company intends to offer the securities:

AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY, B5, GU, PR, VI, 1V

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**Attachment 2:** `dolce_pageca.pdf`

1/10/23, 10:50 AM

Invest in Dolce Brooklyn | Gelato in Brooklyn, NY

Dolce Brooklyn is not accepting investment.

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Women-owned

Dolce Brooklyn

Gelato

280 Van Brunt Street

Brooklyn, NY 11231

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Discussion

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Early Investor Bonus: The investment multiple is increased to 1.6x for the next $20,000 invested.

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THE PITCH

Dolce Brooklyn is seeking investment to further its growth, purchase equipment and streamline production capacity, as a high-end gelato company.

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INVESTOR PERKS

Dolce Brooklyn is offering perks to investors. You earn perks based on your total investment amount in this business.

$25 Gift Card Invest $500 or more to qualify. Unlimited available

1 x $25 gift card for anyone who invests $500 or more.

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DOLCE BROOKLYN ACT 2

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Our Gelato...

Gelato is Italian-style ice cream. It is significantly lower in fat, 6-8%, and has a lot less air than traditional American-style ice cream which accounts for its smooth texture and premium flavor.

Our gelato is made with all natural, award winning milk from the Hudson Valley (Battenkill Valley Creamery) and only the finest ingredients are added to create our gelato & sorbetto (vegan). Each flavor is made on premise in small batches to ensure freshness and quality.

Our chef, Kristina Frantz, sources many of the fresh fruits and vegetables from the local farmer's market and other top ingredients from specialty shops. We use only fine European chocolates from France and Belgium and only whole nuts rather than pastes.

Our flavors change seasonally and new ones are added regularly. We are working with Chefs in the New York area to help enhance the menu for their restaurants, hotels and catering events. We can create savory and sweet bespoke flavors.

This is a preview. It will become public when you start accepting investment.

GELATO - MACARONS - SWEETS

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Invest in Dolce Brooklyn | Gelato in Brooklyn, NY

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OUR OFFERINGS

Along with our primary retail location, online e-commerce and growing list of wholesale customers, we partner with local chefs from upscale restaurants, luxury hotels, and private clubs to create primary flavors along with paired gelato and sorbet dessert for tasting menus.

Wholesale: We work with top chefs in the area and offer customized flavors to match their menus in addition to our normal flavors.

Catering: We offer pre-packed cups, sundae bar and gelato carts for catering small to large events like weddings and office socials

Retail: One flagship store located in the heart of Brooklyn, Carroll Gardens (204 Sackett Street)

Online e-commerce: We offer our products on 3 e-commerce platforms in 3 different markets (New York City, Northern New Jersey and Philadelphia)

This is a preview. It will become public when you start accepting investment.

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INTENDED USE OF FUNDS

The purpose of the capital raise is to industrialize the company. Since its inception in 2016, we have operated in an artisanal way. We realized in late 2019 that we had a huge potential in online and wholesale business (also less seasonal than the retail store). The capital raised will go towards streamlining production, reducing production and delivery costs, while improving quality and customer service. It will also put us on track to hire dedicated wholesale sales reps.

Purchase of new equipment (pasteurizer, batch freezer, filler, freezers)

Purchase of delivery vehicle (refrigerated vehicle able to maintain frozen temperature for 10 hours)

Inventory to be able to deliver every customer next day

Working capital to manage cash flow during strong growth

If we reach the maximum amount of Capital Raise ($124,000): Hiring of sales representative for wholesale business

This is a preview. It will become public when you start accepting investment.

PRESS

'Maybe We Can Be Friends': New Yorkers Re-emerge in a Changed City

Signs of an awakening city were easy to find. In Carroll Gardens on Monday, the sidewalk outside Dolce Brooklyn, a tiny homemade-gelato shop, felt like a pop-up party. "People in Brooklyn really want to get out," Kristina Frantz, the shop's owner, said, expressing relief that the business had survived and even thrived through the pandemic. "People are feeling like the pandemic is on the other side. We've watched this occur day by day."

Dolce Brooklyn listed in the 10 Best Gelato Shops In NYC

Beat the heat and grab a scoop of Italian goodness. Here is our guide to the best gelato shops in NYC you need to try out!

This Red Hook Gelato Maker's Flavors Ebb and Flow with the Seasons

For Dolce Brooklyn, "it's about appreciating core, essential flavors and an intensity that's particular to gelato."

Five Excellent Ice Cream Places In Brooklyn You Did Not Know About - Bklyner

Finding the best ice cream in Brooklyn is about as simple or thankless a task as finding the best angel...

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THE TEAM

Pierre Alexandre

Owner-Manager

Pierre was an economist journalist for 20 years before becoming a serial entrepreneur. He created Dolce Brooklyn in 2016 with his wife Kristina.

Kristina Frantz

Owner- Chief Gelato Officer

Kristina is the co-funder of Dolce Brooklyn and the creator of our gelato and sorbetto. She sources many of the fresh fruits and vegetables from the local farmer's market and other top ingredients from specialty shops. She use only fine European chocolates from France and Belgium and only whole nuts rather than pastes.

Joshua Brambir

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2/10

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Invest in Dolce Brooklyn | Gelato in Brooklyn, NY

Chef/Production Manager

Food and beverages professional with ten years of experience in the frozen dessert business. Former store manager and event coordinator for Grom Gelatoand, former owner of Pippin Gelato NYC.

Pierre Martin

Member of the Advisory Board

Pierre Martin is a well-seasoned corporate manager with years of expertise in growth strategy and finance. His areas of involvement with his clients include: Financial and administrative management, planning and strategic consulting, contract negotiation and management, project financing, human resources.

This is a preview. It will become public when you start accepting investment.

2016

Incorporated

JULY 2016

Opened first retail location

Opening the first store in Red Hook, Brooklyn, NY.

2019

Launched wholesale business

Started selling to restaurants.

2020

Moved to larger retail location

Moved to our current location at 204 Sackett Street in Brooklyn, NY.

2021

Launched online sales

Launched online sales on 3 e-commerce platforms and 3 markets (New York, Northern New Jersey and Philadelphia)

JANUARY 2023

Capital Raise

Use of funds : New production facility and equipment, new refrigerated truck, inventory build-up; hiring account representative (if raise reaches maximum amount).

40 Restaurants and Private Clubs

Actual Customers in 2022

160 Restaurants and Private Clubs

Projected Customers by 2024

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Q&A

What is the difference between Gelato and Ice Cream?

Gelato contains on average 1/3 less sugar than ice cream and half the fat. American ice cream contains up to 60% more air than gelato does. Ice cream is served between 0 and 10 degrees Fahrenheit; whereas gelato is served between 7 and 15 degrees Fahrenheit. This means that gelato doesn't numb the mouth as much as ice cream, allowing the taste buds a fuller flavor experience.

Is gelato a healthier choice ?

Artisan gelato's richer taste and more luxurious texture belies the fact that it's a healthier option compared to regular ice cream. mGelato is a natural food made with essential nutritional elements. The ingredients that give Dolce Brooklyn Gelato its exceptional flavor and creamy texture and nutritional profile, contribute to a healthy lifestyle and balanced diet. Remarkably, Dolce Brooklyn Gelato contains half the fat and a fraction of the calories compared to regular ice cream. The nutritional value ranges between 30 calories per 100 gram serving for Sorbets up to a maximum of 160 calories per 100 gram serving for the richer flavors like Chocolate and Pistachio.

Why go with industrial ice cream for your restaurant when you could have artisanal gelato?

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3/10

1/10/23, 10:50 AM

Invest in Dolce Brooklyn | Gelato in Brooklyn, NY

That's why Kristina Frantz and Pierre Alexandre created Dolce Brooklyn. The company produces and delivers high-end artisanal gelato and sorbet in the Tri-state area. Dolce Brooklyn partner with Chefs from upscale restaurants, luxury hotels, and clubs to create standalone and paired flavors for their dessert menus.

What is the difference between Gelato and Ice Cream?

Gelato contains on average 1/3 less sugar than ice cream and half the fat. American ice cream contains up to 60% more air than gelato does. Ice cream is served between 0 and 10 degrees Fahrenheit; whereas gelato is served between 7 and 15 degrees Fahrenheit. This means that gelato doesn't numb the mouth as much as ice cream, allowing the taste buds a fuller flavor experience.

Is gelato a healthier choice ?

Artisan gelato's richer taste and more luxurious texture belies the fact that it's a healthier option compared to regular ice cream. mGelato is a natural food made with essential nutritional elements. The ingredients that give Dolce Brooklyn Gelato its exceptional flavor and creamy texture and nutritional profile, contribute to a healthy lifestyle and balanced diet. Remarkably, Dolce Brooklyn Gelato contains half the fat and a fraction of the calories compared to regular ice cream. The nutritional value ranges between 30 calories per 100 gram serving for Sorbets up to a maximum of 160 calories per 100 gram serving for the richer flavors like Chocolate and Pistachio.

Why go with industrial ice cream for your restaurant when you could have artisanal gelato?

That's why Kristina Frantz and Pierre Alexandre created Dolce Brooklyn. The company produces and delivers high-end artisanal gelato and sorbet in the Tri-state area. Dolce Brooklyn partner with Chefs from upscale restaurants, luxury hotels, and clubs to create standalone and paired flavors for their dessert menus.

What is the difference between Gelato and Ice Cream?

Gelato contains on average 1/3 less sugar than ice cream and half the fat. American ice cream contains up to 60% more air than gelato does. Ice cream is served between 0 and 10 degrees Fahrenheit; whereas gelato is served between 7 and 15 degrees Fahrenheit. This means that gelato doesn't numb the mouth as much as ice cream, allowing the taste buds a fuller flavor experience.

Is gelato a healthier choice ?

Artisan gelato's richer taste and more luxurious texture belies the fact that it's a healthier option compared to regular ice cream. mGelato is a natural food made with essential nutritional elements. The ingredients that give Dolce Brooklyn Gelato its exceptional flavor and creamy texture and nutritional profile, contribute to a healthy lifestyle and balanced diet. Remarkably, Dolce Brooklyn Gelato contains half the fat and a fraction of the calories compared to regular ice cream. The nutritional value ranges between 30 calories per 100 gram serving for Sorbets up to a maximum of 160 calories per 100 gram serving for the richer flavors like Chocolate and Pistachio.

Why go with industrial ice cream for your restaurant when you could have artisanal gelato?

That's why Kristina Frantz and Pierre Alexandre created Dolce Brooklyn. The company produces and delivers high-end artisanal gelato and sorbet in the Tri-state area. Dolce Brooklyn partner with Chefs from upscale restaurants, luxury hotels, and clubs to create standalone and paired flavors for their dessert menus.

This is a preview. It will become public when you start accepting investment.

This is a preview. It will become public when you start accepting investment.

Data Room

Intended Use of Funds

Target Raise

Maximum Raise

Refrigerator Truck $46,000

Equipment $16,000

Additional Inventory $20,000

Working Capital $12,000

Mainvest Compensation $6,000

Total $100,000

Financial Forecasts

Year 1 Year 2 Year 3 Year 4 Year 5

Gross Sales $830,000 $1,328,000 $1,593,600 $1,832,640 $2,107,536

Cost of Goods Sold $250,000 $300,000 $350,000 $400,000 $450,000

Gross Profit $580,000 $1,028,000 $1,243,600 $1,432,640 $1,657,536

EXPENSES

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Invest in Dolce Brooklyn | Gelato in Brooklyn, NY

Rent $45,000 $80,000 $100,000 $120,000 $120,000
Utilities $18,000 $20,000 $40,000 $40,000 $50,000
Salaries $160,000 $250,000 $350,000 $370,000 $400,000
Insurance $8,000 $12,000 $20,000 $20,000 $20,000
Equipment Lease $20,000 $30,000 $50,000 $53,844 $55,190
Repairs & Maintenance $20,000 $22,000 $25,000 $30,000 $40,000
Legal & Professional Fees $12,000 $12,000 $20,000 $25,000 $30,000
Commissions $8,000 $10,000 $15,000 $25,000 $50,000
Transportation Expenses $11,000 $17,000 $25,000 $35,000 $50,000
Operating Profit $278,000 $575,000 $598,600 $713,796 $842,346

This information is provided by Dolce Brooklyn. Mainvest never predicts or projects performance, and has not reviewed or audited this financial forecast. Please see below for additional risk disclosures.

Documents

Offering Memorandum
Investor Agreement
2020 Balance Sheet
2020 Income Statement
2021 Balance Sheet
2021 Income Statement
Investment Round Status
Target Raise $100,000
Maximum Raise $124,000
Amount Invested $0
Investors 0
Investment Round Ends April 7th, 2023
Summary of Terms
Legal Business Name Pioneer Gelato Inc.
Investment Structure Revenue Sharing Note
Early Investor Bonus
Investment multiple for the first $20,000 invested
1.6x
Investment Multiple 1.4x
Business's Revenue Share 2%-2.5%
Minimum Investment Amount $100
Repayment Schedule Quarterly
Securitization None
Maturity Date June 30th, 2028
Financial Condition
Historical milestones

Dolce Brooklyn has been operating since January 2016 and has since achieved the following milestones:

Opened location in Brooklyn, NY

Achieved revenue of $380,000 in 2021 which then grew to $525,000 in 2022.

Had Cost of Goods Sold (COGS) of $140,000 in 2021 which represented gross profit margin of 34%. COGS were then $180,000 in 2022, which implied gross profit margin of 34%.

Achieved profit of $5,000 in 2021, which then grew to $27,000 in 2022.

Historical financial performance is not necessarily predictive of future performance.

Other outstanding debt or equity

As of 11/11/2021, Dolce Brooklyn has debt of $195,000 outstanding and a cash balance of 110,000. This debt is sourced primarily from EIDL (SBA Covid emergency funding) and will be senior to any investment raised on Mainvest. In addition to the Dolce Brooklyn's outstanding debt and the debt raised on Mainvest, Dolce Brooklyn may require additional funds from alternate sources at a later date.

Risk Factors

You Might Lose Your Money

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5/10

1/10/23, 10:50 AM

Invest in Dolce Brooklyn | Gdale in Brooklyn, NY

When you buy a certificate of deposit from a bank, the Federal government (through the FDIC) guarantees you will get your money back. Buying a Note is not like that at all. The ability of Dolce Brooklyn to make the payments you expect, and ultimately to give you your money back, depends on a number of factors, including many beyond our control.

#### Limited Services

Dolce Brooklyn operates with a very limited scope, offering only particular services to potential clients, making them vulnerable to changes in customer preferences.

#### Lack of Accounting Controls

Larger companies typically have in place strict accounting controls. Smaller companies typically lack these controls, exposing themselves to additional risk.

#### Competition

The market in which we operate is highly competitive and could become increasingly competitive with new entrants in the market. Dolce Brooklyn competes with many other businesses, both large and small, on the basis of quality, price, location, and customer experience. Changes in customer preference away from Dolce Brooklyn's core business or the inability to compete successfully against the with other competitors could negatively affect Dolce Brooklyn's financial performance.

#### Reliance on Management

As a securities holder, you will not be able to participate in Dolce Brooklyn's management or vote on and/or influence any managerial decisions regarding Dolce Brooklyn. Furthermore, if the founders or other key personnel of Dolce Brooklyn were to leave Dolce Brooklyn or become unable to work, Dolce Brooklyn (and your investment) could suffer substantially.

#### Financial Forecasts Risks

The financial forecasts provided by us herein are reasonable forecasts by us based upon assumption of stable economic conditions and other various assumptions regarding operations. The validity and accuracy of these assumptions will depend in large part on future events over which Dolce Brooklyn and the key persons will have no control. Changes in assumptions or their underlying facts could significantly affect the forecasts. To the extent that the assumed events do not occur, the outcome may vary significantly from the projected outcomes. Consequently, there can be no assurance that the actual operating results will correspond to the forecasts provided herein. Additionally, Dolce Brooklyn is a newly established entity and therefore has no operating history from which forecasts could be projected with.

#### Inability to Sell Your Investment

The law prohibits you from selling your securities (except in certain very limited circumstances) for 12 months after you acquire them. Even after that one-year period, a host of Federal and State securities laws may limit or restrict your ability to sell your securities. Even if you are permitted to sell, you will likely have difficulty finding a buyer because there will be no established market. Given these factors, you should be prepared to hold your investment for its full term.

#### The Company Might Need More Capital

Dolce Brooklyn might need to raise more capital in the future to fund/expand operations, buy property and equipment, hire new team members, market its services, pay overhead and general administrative expenses, or a variety of other reasons. There is no assurance that additional capital will be available when needed, or that it will be available on terms that are not adverse to your interests as an investor. If Dolce Brooklyn is unable to obtain additional funding when needed, it could be forced to delay its business plan or even cease operations altogether.

#### Changes in Economic Conditions Could Hurt Dolce Brooklyn

Factors like global or national economic recessions, changes in interest rates, changes in credit markets, changes in capital market conditions, declining employment, changes in real estate values, changes in tax policy, changes in political conditions, and wars and other crises, among other factors are unpredictable and could negatively affect Dolce Brooklyn's financial performance or ability to continue to operate. In the event Dolce Brooklyn ceases operations due to the foregoing factors, it can not guarantee that it will be able to resume operations or generate revenue in the future.

#### No Registration Under Securities Laws

The Notes will not be registered with the SEC or the securities regulator of any State. Hence, neither Dolce Brooklyn nor the Notes will be subject to the same degree of regulation and scrutiny as if they were registered.

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Invest in Dolce Brooklyn | Gdalo in Brooklyn, NY

# Incomplete Offering Information

Title III does not require us to provide you with all the information that would be required in some other kinds of securities offerings, such as a public offering of shares (for example, publicly-traded firms must generally provide investors with quarterly and annual financial statements that have been audited by an independent accounting firm). Although Title III does require extensive information, it is possible that you would make a different decision if you had more information.

# Lack of Ongoing Information

Dolce Brooklyn will be required to provide some information to investors for at least 12 months following the offering. However, this information is far more limited than the information that would be required of a publicly-reporting company; and Dolce Brooklyn is allowed to stop providing annual information in certain circumstances.

# Uninsured Losses

Although Dolce Brooklyn will carry some insurance, Dolce Brooklyn may not carry enough insurance to protect against all risks to the business. Additionally, there are some kinds of risks that are very difficult or impossible to insure against, at least at a reasonable cost. Therefore, Dolce Brooklyn could incur an uninsured loss that could damage its business.

# Changes in Laws

Changes in laws or regulations, including but not limited to zoning laws, environmental laws, tax laws, consumer protection laws, securities laws, antitrust laws, and health care laws, could negatively affect Dolce Brooklyn's financial performance or ability to continue to operate. Specifically, any additional regulation on the industry could significantly negatively affect the business.

# Conflict of Interest With Companies and Their Management

In many ways, your interests and the interests of Dolce Brooklyn's management will coincide: you both want Dolce Brooklyn to be as successful as possible. However, your interests might be in conflict in other important areas, including these: You might want Dolce Brooklyn to act conservative to make sure they are best equipped to repay the Note obligations, while Dolce Brooklyn might prefer to spend aggressively to invest in the business. You would like to keep the compensation of managers low, while managers want to make as much as they can.

# Future Investors Might Have Superior Rights

If Dolce Brooklyn needs more capital in the future and takes on additional debt or other sources of financing, the new investors might have rights superior to yours. For example, they might have the right to be paid before you are, to receive larger distributions, to have a greater voice in management, or otherwise.

# The Company is Not Subject to the Corporate Governance Requirements of the National Securities Exchanges

Any company whose securities are listed on a national stock exchange (for example, the New York Stock Exchange) is subject to a number of rules about corporate governance that are intended to protect investors. For example, the major U.S. stock exchanges require listed companies to have an audit committee made up entirely of independent members of the board of directors (i.e., directors with no material outside relationships with Dolce Brooklyn or management), which is responsible for monitoring Dolce Brooklyn's compliance with the law. Dolce Brooklyn will not be required to implement these and other investor protections.

# You Have a Limited Upside

Notes include a maximum amount you can receive. You cannot receive more than that even if Dolce Brooklyn is significantly more successful than your initial expectations.

# You Do Have a Downside

Conversely, if Dolce Brooklyn fails to generate enough revenue, you could lose some or all of your money.

# Payments and Return Are Unpredictable

Because your payments are based on the revenue of Dolce Brooklyn, and the revenue of Dolce Brooklyn can go up or down (or even disappear altogether) unpredictably, it is impossible to predict how much you will receive and when. And because the payments are unpredictable, so is your ultimate return.

# The Notes Are Unsecured and Uninsured

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Invest in Dolce Brooklyn | Gdals in Brooklyn, NY

The Notes are not secured by any collateral, nor are they guaranteed or insured by the FDIC or any other entity.

Subordination

The Notes shall be subordinated to all indebtedness of Dolce Brooklyn to banks, commercial finance lenders, leasing and equipment financing institutions, and/or other institutions regularly engaged in the business of lending money.

Lack of Guaranty

The Notes are not personally guaranteed by any of the founders or any other person.

Limitation of Individual Rights in Event of Default

In the event of a default under the Notes, you will not be able to enforce your rights individually (for example, by bringing a lawsuit). Instead, a representative will be appointed according to the procedures set forth in the Note Indenture. It's possible that you will not like the representative, or that the representative will do things you believe are wrong or misguided. If an event of default has occurred and a representative has been appointed, all of the representative's reasonable expenses must be paid before any further payments are made with respect to the Notes.

COVID-19 Impact

The ongoing COVID-19 pandemic may impact the Company's ability to generate revenue and/or continue operations. If operations are ceased due to COVID-19 restrictions, the Company can not guarantee that it will resume operations in the future.

This information is provided by Dolce Brooklyn. Mainvest never predicts or projects performance, and has not reviewed or audited this information. For additional information, review the official Form C filing with the Securities and Exchange Commission on the EDGAR website.

This is a preview. It will become public when you start accepting investment.

Investor Discussion

Dolce Brooklyn isn't accepting investments right now, but is trying to get a sense of how they should structure their offering. You will not need to provide any money, and we won't be accepting money or selling securities, until all of its forms with the SEC and you have no obligation to ultimately invest. All investments must be done through Mainvest.com. Once the offering goes live, you'll be able to invest if you so choose.

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This website, Mainvest.com, which we refer to as the "Site," is owned by MainVest, Inc., which we refer to as "Mainvest." Mainvest is a licensed Funding Portal that offers investments under Regulation Crowdfunding, which is also known as Title III Crowdfunding. Our offerings under Regulation Crowdfunding are open for investment from the general public. By using the Site, you are subject to our Terms of Use and our Privacy Policy. Please read these carefully before using the Site. Although our Site offers investors the opportunity to invest in a variety of companies, we do not make recommendations regarding the appropriateness of a particular investment opportunity for any particular investor. We are not investment advisers. Investors must make their own investment decisions, either alone or with their personal advisors. Neither the Securities and Exchange Commission nor any state agency has reviewed the investment opportunities listed on the Site. Mainvest does not provide any legal, tax, or accounting advice with respect to any securities. Thank you for using the Site. If you have questions, please contact us at info@mainvest.com.

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8/10

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM C

### UNDER THE SECURITIES ACT OF 1933

### Issuer Information

**Is this an amendment?** Yes

**Nature of Amendment:** Intermediary is correcting a typographical error on the offering memorandum. Issuer is adjusting marketing material.

**Name of Issuer:** Pioneer Gelato Inc.

**Legal Status:** Corporation

**Jurisdiction of Incorporation/Organization:** NY

**Date of Organization:** 01-01-2016

**Physical Address:** 280 VAN BRUNT ST, BROOKLYN, NY, 11231

**Issuer Website:** http://www.dolcebrooklyn.com

**Is there a Co-Issuer?:** No

**Intermediary Name:** MainVest, Inc.

**Intermediary CIK:** 0001746059

**Intermediary File Number:** 007-00162

### Offering Information

**Compensation to Intermediary:** MainVest will be paid Four and one half (4.5) Percent of the amount of the Offering raised by "In-Network Users" of the Platform plus Nine (9) Percent of the amount of the Offering raised by all other investors.

**Financial Interest in Issuer:** MainVest, Inc. owns no interest in the Company, directly or indirectly, and will not acquire an interest as part of the Offering, nor is there any arrangement for MainVest, Inc. to acquire an interest.

**Type of Security Offered:** Debt

**Price per Security:** $1.00

**Method for Determining Price:** The Notes are being valued at their face value. We don't anticipate that we'll ever need to place a value on the Notes in the future.

**Target Offering Amount:** $100,000.00

**Oversubscription Accepted:** Yes

**Oversubscription Allocation Type:** First-come, first-served basis

**Maximum Offering Amount:** $124,000.00

**Deadline to Reach Target Amount:** 04-07-2023

### Annual Report Disclosure Requirements

**Current Number of Employees:** 4.00

**Total Assets (Most Recent Fiscal Year):** $187,298.00

**Total Assets (Prior Fiscal Year):** $74,518.00

**Cash & Cash Equivalents (Most Recent Fiscal Year):** $124,110.00

**Cash & Cash Equivalents (Prior Fiscal Year):** $10,420.00

**Accounts Receivable (Most Recent Fiscal Year):** $0.00

**Accounts Receivable (Prior Fiscal Year):** $0.00

**Short-Term Debt (Most Recent Fiscal Year):** $26,000.00

**Short-Term Debt (Prior Fiscal Year):** $37,207.00

**Long-Term Debt (Most Recent Fiscal Year):** $185,202.00

**Long-Term Debt (Prior Fiscal Year):** $218,763.00

**Revenues/Sales (Most Recent Fiscal Year):** $375,222.00

**Revenues/Sales (Prior Fiscal Year):** $183,845.00

**Cost of Goods Sold (Most Recent Fiscal Year):** $140,449.00

**Cost of Goods Sold (Prior Fiscal Year):** $68,128.00

**Taxes Paid (Most Recent Fiscal Year):** $0.00

**Taxes Paid (Prior Fiscal Year):** $0.00

**Net Income (Most Recent Fiscal Year):** $-33,303.00

**Net Income (Prior Fiscal Year):** $-16,593.00

**Jurisdictions Offered:**

ALABAMA, ALASKA, ARIZONA, ARKANSAS, CALIFORNIA, COLORADO, CONNECTICUT, DELAWARE, DISTRICT OF COLUMBIA, FLORIDA, GEORGIA, HAWAII, IDAHO, ILLINOIS, INDIANA, IOWA, KANSAS, KENTUCKY, LOUISIANA, MAINE, MARYLAND, MASSACHUSETTS, MICHIGAN, MINNESOTA, MISSISSIPPI, MISSOURI, MONTANA, NEBRASKA, NEVADA, NEW HAMPSHIRE, NEW JERSEY, NEW MEXICO, NEW YORK, NORTH CAROLINA, NORTH DAKOTA, OHIO, OKLAHOMA, OREGON, PENNSYLVANIA, PR, RHODE ISLAND, SOUTH CAROLINA, SOUTH DAKOTA, TENNESSEE, TEXAS, UTAH, VERMONT, VIRGINIA, WASHINGTON, WEST VIRGINIA, WISCONSIN, WYOMING

### Signatures

**Issuer:** Pioneer Gelato Inc.

**Signature:** Pierre Alexandre

**Title:** Owner and CoFounder

---

**Signature:** Pierre Alexandre

**Title:** Owner and CoFounder

**Date:** 01-10-2023