Mayfield Athletics
Early Stage
Making sports safer for players of all ages
Overview
Raised: $0
Total Commitments ($USD)
Platform
Wefunder
Start Date
09/10/2020
Close Date
01/24/2021
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$8,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
01/23/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2014
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
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 |
Financials as of: 09/10/2020
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