Mayfield Athletics

Neutral
BETA

Making sports safer for players of all ages

Analytics

Raised to Date: $10,310

Aggregate Commitments $
Platform

Wefunder

Start Date

09/11/2020

Close Date

12/02/2020

Min. Goal

$50,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$8,000,000

Discount Rate

0.2%

Weekly Commitments $
Status

Active

Reporting Date

09/23/2020

Days Remaining

67

% of Min. Goal

21%

% of Max. Goal

4%

Likelihood of Max
Avg. Daily Raise

$859

# of Investors

5

Momentum
Location

Shelby Township, MI

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Mayfield Athletics, with a valuation cap of $8 million, is raising crowdfunding on Wefunder. The company is making sports safer for players of all ages with its products. The products of Mayfield Athletics include a S.A.F.E. clip that can be fitted to most helmets to reduce the impact of a blow, thus preventing concussions. Justin Summerville and Richard Williams founded Mayfield Athletics 2014. The proceeds of the current crowdfunding campaign, with a minimum goal of $50,000 and a maximum goal of $250,000, will be used towards marketing and sales, helmet development, testing and engineering, inventory, and overhead expenses. Mayfield Athletics is using its patented technology to develop a No Contact Helmet System (NCHS) that will have multiple applications in sports and other markets.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$55,280

$0

COGS

$25,686

$1,040

Tax

$0

$0

 

 

Net Income

$-127,058

$-402,460

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$3,016

$82,494

Accounts Receivable

$0

$0

Total Assets

$89,500

$255,025

Short-Term Debt

$89,500

$36,081

Long-Term Debt

$0

$0

Total Liabilities

$89,500

$36,081

Ratings

last updated 09/24/2020

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