SlideBelts

SlideBelts

Early Stage

Innovation in simple, stylish, wearable technology

Innovation in simple, stylish, wearable technology

Overview

Raised this Round: Raised: $1,500

Platform

StartEngine

Start Date

04/03/2017

Close Date

07/14/2017

Min. Goal
$150,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$20,000,000

Discount

20%

Year Founded

2013

Industry

Consumer Products, Goods & Services

Tech Sector

Hardwaretech

Location

SACRAMENTO, California

SlideBelts, with a valuation of $20 million, is raising funds on StartEngine. It is a wearable technology company that designs, manufactures, and markets innovative ratchet belts. SlideBelts are patented belts made without holes and offer freedom from holes with its large collection of leather and canvas belts. The flagship product of SlideBelts, Leather Ratchet Belts, has a loyal customer base and maintains great customer feedback. Brig Taylor founded SlideBelts in Jun 2013. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $1.07 million. The campaign proceeds will be used for product development, working capital, patents and trademarks, marketing, new staff, and debt reduction.

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$6,227,791

$2,569,177

COGS

$2,338,992

$1,366,087

Tax

$203,198

$89,974

 

 

Net Income

$-17,366

$-309,497

Summary Balance Sheet

FY 2016 FY 2015

Cash

$621,396

$95,059

Accounts Receivable

$126,413

$114,961

Total Assets

$1,986,121

$1,197,438

Short-Term Debt

$918,818

$246,407

Long-Term Debt

$517,823

$609,708

Total Liabilities

$1,436,641

$856,115

Financials as of: 04/03/2017
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SlideBelts on StartEngine 2017
Platform: StartEngine
Security Type: SAFE
Valuation: $20,000,000

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