Insta Slim

Insta Slim

Early Stage

Men's Shapewear

Men's Shapewear

Overview

Raised this Round: Raised: $33,859

Platform

StartEngine

Start Date

04/13/2017

Close Date

10/12/2017

Min. Goal
$24,997
Max. Goal
$999,999
Min. Investment

$525

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.75

Pre-Money Valuation

$2,625,000

Year Founded

2010

Industry

Apparel & Fashion

Tech Sector

Non-Tech

Location

Irvine, California

Insta Slim, with a valuation of $2.6 million, is raising funds on StartEngine. It is an apparel company that manufactures and sells shapewear for men. Insta Slim’s line of men’s undergarments are made using anti-odor and anti-bacterial technology and help men look more toned, slim, and fit in their clothing. The compression exerted by Insta Slim products also provides back support, improves posture, and firms up the chest. Eemaan Jalili and Houshang Jalili founded Insta Slim in March 2010. The current crowdfunding campaign has a minimum target of $24,997 and a maximum target of $999,999. The campaign proceeds will be used for marketing, salaries, intellectual property, professional fees, and working capital.

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$2,100,372

$2,223,763

COGS

$1,063,568

$1,375,677

Tax

$4,050

$4,873

 

 

Net Income

$-37,678

$-25,423

Summary Balance Sheet

FY 2016 FY 2015

Cash

$12,883

$79,185

Accounts Receivable

$143,720

$121,766

Total Assets

$1,118,504

$1,193,774

Short-Term Debt

$340,537

$333,200

Long-Term Debt

$524,472

$645,393

Total Liabilities

$865,009

$978,593

Financials as of: 04/13/2017
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Insta Slim on StartEngine 2017
Platform: StartEngine
Security Type: Equity - Common
Valuation: $2,625,000
Price per Share: $1.75

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