GolfBoard by Sol Boards

Underweight
BETA

Surf the Earth!

Analytics

Raised to Date: $98,880

Aggregate Commitments $
Platform

StartEngine

Start Date

08/24/2020

Close Date

11/19/2020

Min. Goal

$10,000

Max. Goal

$250,000

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Series

Series A

Pre-Money Valuation

$11,035,048

Weekly Commitments $
Status

Active

Reporting Date

10/18/2020

Days Remaining

30

% of Min. Goal

989%

% of Max. Goal

40%

Likelihood of Max
Avg. Daily Raise

$1,798

# of Investors

103

Momentum
Location

Bend, OR

Industry

Consumer Products, Goods & Services

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth

GolfBoard by Sol Boards, with a pre-money valuation of $11 million, is raising funds on StartEngine. The company is revolutionizing the golf industry with its all-wheel-drive electric vehicle that can speed up the game and allows users to enjoy the surf-like experience. The single-rider vehicle is also preferred during COVID-19 to maintain social distancing while playing golf. John Wildman, Jeff Dowell, and Star Faraon founded GolfBoard by Sol Boards in 2013 and have raised over $2.2 million in previous rounds of financing. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $250,000. GolfBoard by Sol Boards has already deployed 3,000 units in seven countries. It has over 129,000 registered users and has generated more than $16.5 million in sales.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$1,486,044

$1,797,569

COGS

$560,216

$1,098,402

Tax

$0

$0

 

 

Net Income

$337,469

$-642,685

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$207,614

$28,889

Accounts Receivable

$160,290

$284,051

Total Assets

$2,477,239

$2,364,344

Short-Term Debt

$1,840,103

$2,636,287

Long-Term Debt

$2,791,854

$0

Total Liabilities

$4,631,957

$5,607,830

Ratings

last updated 10/20/2020

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Analyst Report

Underweight
Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.
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