Combat Flip Flops

Combat Flip Flops

Early Stage

Lifestyle brand using manufacturing to turn areas of conflict into places of hope and prosperity

Lifestyle brand using manufacturing to turn areas of conflict into places of hope and prosperity

Overview

Raised to Date: Raised: $35,611

Total Commitments ($USD)

Platform

Main Street Bond

Start Date

12/18/2023

Close Date

02/28/2024

Min. Goal
$10,000
Max. Goal
$120,000
Min. Investment

$101

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.96

Pre-Money Valuation

$10,000,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/22/2024

Days Remaining

6

% of Min. Goal

356%

% of Max. Goal

30%

Likelihood of Max
unlikely
Avg. Daily Raise

$540

Momentum
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Year Founded

2014

Industry

Apparel & Fashion

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Issaquah, Washington

Business Type

Growth

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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Combat Flip Flops on Main Street Bond 2023
Platform: Main Street Bond
Security Type: Equity - Common
Valuation: $10,000,000
Price per Share: $0.96

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