Gamestar+

Gamestar+ is the future of Game Night!

https://wefunder.com/gamestar

Total raised on Wefunder: 5070448

Total investors: 2297

Quick facts

  • Coming March 1, 2022!
  • Thanks to all of our investors

Team profiles

Featured investor profiles

Gamestar+

Gamestar+ is the future of Game Night!

Funded badge
Last Funded January 2022

$5,070,448

raised from 2,297 investors

Investment Terms

You will be investing in Gamestar+ through an SPV. This means that when you invest, you will be signing the SPV Subscription Agreement, not the direct investment contract. For more information on SPVs, see here.

Financials

We have financial statements ending December 31, 2021. Our cash in hand is $12,943, as of August 2021. Over the three months prior, revenues averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $33,471/month.

At a Glance

Jan 1 – Dec 31, 2021
Revenue icon
$0
Revenue
Net loss icon
-$1,186,997
Net Loss
Short-term debt icon
$636,621
-18%
Short-Term Liabilities
Valuation icon
$0
Raised in 2021
Cash in bank icon
$12,943
Cash on Hand
Net Margin:
0%
Gross Margin:
0%
Return on Assets:
-31%
Earnings per Share:
-$11.87
Revenue per Employee:
$0
Cash to Assets:
45%
Revenue to Receivables:
~
Debt Ratio:
158%
WF-Gamestar Interactive Audit 19 20- Final.pdf Gamestar Interactive Inc. - Audit 2021 3 .pdf

Management’s Discussion and Analysis of Financial Condition and Results of Operations

You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and the related notes and other financial information included elsewhere in this offering. Some of the information contained in this discussion and analysis, including information regarding the strategy and plans for our business, includes forward-looking statements that involve risks and uncertainties. You should review the "Risk Factors" section for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.

Overview

What does your Company do? from Q&A

Where do you want to be in 5 years? from Q&A

Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.

Milestones

Gamestar Interactive, Inc was incorporated in the State of Delaware in April 2019.

Since then, we have:

  • Coming March 1, 2022!
  • Thanks to all of our investors

Historical Results of Operations

Our company was organized in April 2019 and has limited operations upon which prospective investors may base an evaluation of its performance.

  • Revenues & Gross Margin. For the period ended December 31, 2021, the Company had revenues of $0 compared to the year ended December 31, 2020, when the Company had revenues of $0. Our gross margin was % in fiscal year 2021, compared to % in 2020.
  • Assets. As of December 31, 2021, the Company had total assets of $3,822,673, including $1,722,535 in cash. As of December 31, 2020, the Company had $765,472 in total assets, including $0 in cash.
  • Net Loss. The Company has had net losses of $1,186,997 and net losses of $592,396 for the fiscal years ended December 31, 2021 and December 31, 2020, respectively.
  • Liabilities. The Company's liabilities totaled $6,053,930 for the fiscal year ended December 31, 2021 and $1,803,724 for the fiscal year ended December 31, 2020.

Related Party Transaction

Refer to Question 26 of this Form C for disclosure of all related party transactions.

Liquidity & Capital Resources

To-date, the company has been financed with $1,788,724 in debt and $748 in equity.

After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 6 months before we need to raise further capital.

We plan to use the proceeds as set forth in this Form C under "Use of Funds". We don’t have any other sources of capital in the immediate future.

We will likely require additional financing in excess of the proceeds from the Offering in order to perform operations over the lifetime of the Company. We plan to raise capital in 6 months. Except as otherwise described in this Form C, we do not have additional sources of capital other than the proceeds from the offering. Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately project whether the proceeds of this offering will be sufficient to enable us to implement our strategy. This complexity and uncertainty will be increased if less than the maximum amount of securities offered in this offering is sold. The Company intends to raise additional capital in the future from investors. Although capital may be available for early-stage companies, there is no guarantee that the Company will receive any investments from investors.

Runway & Short/Mid Term Expenses

Gamestar Interactive, Inc cash in hand is $12,943, as of August 2021. Over the last three months, revenues have averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $33,471/month, for an average burn rate of $33,471 per month. Our intent is to be profitable in 32 months.

At this time there are no material changes or trends to our financials that differ significantly from the period covered by the audited financials.

Revenues expected to be ~ $1,113,419 while expenses are forecasted at ~$1,408,800 for the 6 month period post-raise.

Not at this time, although revenue is expected to be recognized from wholesale sales of the Family Feud, Scene It, Jeopardy and Wheel of Fortune titles within the first 6-8 months post-launch. Further revenues from digital transactions (IAP) will follow, as will subscription revenues Q4 2022.

Risks

1

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment.

In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document.

The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature.

These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.

2

The Company may never receive a future equity financing or elect to convert the Securities upon such future financing. In addition, the Company may never undergo a liquidity event such as a sale of the Company or an IPO. If neither the conversion of the Securities nor a liquidity event occurs, the Purchasers could be left holding the Securities in perpetuity. The Securities have numerous transfer restrictions and will likely be highly illiquid, with no secondary market on which to sell them. The Securities are not equity interests, have no ownership rights, have no rights to the Company’s assets or profits and have no voting rights or ability to direct the Company or its actions.

3

Our future success depends on the efforts of a small management team. The loss of services of the members of the management team may have an adverse effect on the company. There can be no assurance that we will be successful in attracting and retaining other personnel we require to successfully grow our business.


Other Disclosures

The Board of Directors

Director Occupation Joined
Shane Yeend Chief Executive Officer @ Game Star 2020
Todd Young COO @ Gamestar+ 2020

Officers

Officer Title Joined
Shane Yeend CEO 2020
Todd Young COO 2020

Voting Power

Holder Securities Held Power
Shane Yeend 74,800 Common Stock 74.8%

Past Fundraises

Date Security Amount
4/2022 SAFE $70,961
1/2022 SAFE $4,999,987
12/2020 Loan $775,000
12/2020 Loan $1,013,724
12/2019 Priced Round $748

Outstanding Debts

Issued Lender Outstanding
12/10/20 Imagination Entertainment Pty Ltd
$1,013,724
Not Current
12/30/20
$775,000

Related Party Transactions

Use of Funds

$50,000

50% towards technology development, 25% towards content production, 21% towards UAT, 4% Wefunder fee



$5,000,000

30% Content acquisition/licensing, 20% Content/game production, 20% Marketing, 16% Tech/development, 10% Staffing/G&A, 4% Wefunder fee



Capital Structure

Class of Security Securities (or Amount) Authorized Securities (or Amount) Outstanding
Common 1,000,000 100,000

Form C Filing on EDGAR

The Securities and Exchange Commission hosts the official Form C on their EDGAR web site.

Details