Combat Flip Flops
Early Stage
Lifestyle brand using manufacturing to turn areas of conflict into places of hope and prosperity
Overview
Raised: $45,306
Total Commitments ($USD)
Platform
Main Street Bond
Start Date
12/18/2023
Close Date
02/29/2024
Min. Goal
$10,000
Max. Goal
$120,000
Min. Investment
$101
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$0.96
Pre-Money Valuation
$10,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/02/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$629
Momentum
Funded
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Year Founded
2014
Industry
Apparel & Fashion
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Combat Flip Flops, with a valuation of $10 million, is raising funds on Main Street Bond. It is a veteran-owned footwear and lifestyle brand that turns areas of conflict into places of hope and prosperity. Combat Flip Flops’ products include premium flip flops, sandals, slides, and shoes in Bogota, Colombia, cotton and cashmere shemaghs in Kabul, Afghanistan, jewelry made from UXO, direct-to-garment apparel, and other accessories. Matthew Griffin founded Combat Flip Flops in December 2014. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $120,000. The campaign proceeds will be used to cure the problems of product availability, support growth, and increase profit margin.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$675,995 |
$1,249,614 |
|
COGS |
$396,835 |
$621,612 |
|
Tax |
$1,087 |
$1,450 |
| ||
| ||
|
Net Income |
$-79,101 |
$-15,584 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$63,352 |
$106,774 |
|
Accounts Receivable |
$11,155 |
$4,138 |
|
Total Assets |
$136,032 |
$14,078,865 |
|
Short-Term Debt |
$124,714 |
$152,255 |
|
Long-Term Debt |
$196,924 |
$372,294 |
|
Total Liabilities |
$321,638 |
$524,548 |
Financials as of: 12/18/2023
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