Foot Glove Performance Footwear
Early Stage
A perfect fit Glove for your feet
Overview
Raised: $12,965
Total Commitments ($USD)
Platform
Netcapital
Start Date
02/07/2021
Close Date
04/30/2021
Min. Goal
$10,001
Max. Goal
$500,000
Min. Investment
$100
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.30
Pre-Money Valuation
$4,089,115
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$160
Momentum
Funded
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Year Founded
2014
Industry
Apparel & Fashion
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
Foot Glove Performance Footwear, with a post-money valuation of $4.58 million, is raising funds on NetCapital. The company makes footwear for people in hospitality, construction, maintenance, and other businesses that require them to be on their feet every day. The footwear of Foot Glove Performance Footwear helps in solving foot pain and discomfort problems, prevents foot injuries, and reduces recovery times. Uganda Williams founded Foot Glove Performance Footwear in 2014. The current round of crowdfunding has a minimum goal of $10,000.90 and a maximum goal of $499,999.50, and the funds will be used for marketing, inventory, operations, and product design. Foot Glove Performance Footwear holds a patent on its unique technology and generated more than $100,000 in sales during its soft launch.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$10,823 |
$5,122 |
|
COGS |
$6,052 |
$5,130 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-55,343 |
$-39,031 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$14,131 |
$1,524 |
|
Accounts Receivable |
$804 |
$0 |
|
Total Assets |
$193,557 |
$168,742 |
|
Short-Term Debt |
$15,000 |
$30,000 |
|
Long-Term Debt |
$197,000 |
$170,000 |
|
Total Liabilities |
$212,000 |
$200,000 |
Financials as of: 02/07/2021
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