Data / Crowdfunding / California / GALVIN AND MATHEWS FBA INC.
GALVIN AND MATHEWS FBA INC.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $1,234,998 (2023)
GALVIN AND MATHEWS FBA INC., a corporation in San Diego, CA, filed a Form C with the SEC on August 24, 2023 to raise $50,000 to $1,234,998 in preferred stock through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $6,543,933 in revenue and $35,191 in net income, with 9 employees.
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- Website
- sundaygolf.com
- Funding portal
- Wefunder Portal LLC
- Address
- 715 J St. 306, San Diego, CA 92101
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- May 1, 2019
- SEC CIK
- 0001967807
Offering terms
From the amendment filed August 24, 2023.
- Security
- Preferred Stock
- Price
- $1.50
- Target
- $50,000
- Maximum
- $1,234,998
- Deadline
- April 29, 2024
- Portal compensation
- 6.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C-AR filed April 30, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $6,543,933 | $4,574,404 | sec.gov |
| Cost of goods sold | $2,054,652 | $1,692,540 | sec.gov |
| Net income | $35,191 | $82,116 | sec.gov |
| Taxes paid | $15,000 | $21,989 | sec.gov |
| Total assets | $2,704,501 | $1,670,408 | sec.gov |
| Cash | $647,010 | $206,779 | sec.gov |
| Accounts receivable | $161,648 | $231,406 | sec.gov |
| Short-term debt | $745,663 | $507,353 | sec.gov |
| Long-term debt | $489,600 | $810,820 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 30, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| August 24, 2023 | Amendment | $50,000 | $1,234,998 | April 29, 2024 | Increasing early bird threshold | sec.gov |
| May 26, 2023 | Offering | $50,000 | $1,234,998 | April 29, 2024 | sec.gov |
Updated April 30, 2024. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.