Slabmags

Slabmags

Early Stage

Premium Protection For Your Favorite Trading Cards

Premium Protection For Your Favorite Trading Cards

Overview

Raised this Round: Raised: $250,000

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/11/2023

Close Date

02/29/2024

Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

0%

Year Founded

2021

Industry

Consumer Products, Goods & Services

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Ontario, California

Business Type

Growth

Slabmags, with a valuation of $5 million, is raising funds on Wefunder. The company makes and sells premium and versatile slab protective solutions for graded cards. Slabmags provide comprehensive protection to customers’ favorite sports and non-sports trading cards and include an aluminum alloy frame, crack-resistant tempered glass, full UV protection, and a built-in safety lock. Albert Young founded Slabmags in October 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for marketing, advertising, sales, operational overheads, business development, licensing, research and development, and inventory.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$245,574

$23,565

COGS

$182,852

$8,715

Tax

$0

$0

 

 

Net Income

$1,032

$-275

Summary Balance Sheet

FY 2022 FY 2021

Cash

$124,595

$14,321

Accounts Receivable

$2,729

$1,023

Total Assets

$131,924

$15,344

Short-Term Debt

$31,667

$0

Long-Term Debt

$0

$0

Total Liabilities

$31,667

$0

Financials as of: 12/11/2023
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Slabmags on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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