About
Groundfloor is an inclusive community of people from all walks of life looking to build meaningful relationships.
- Dover, United States of America
- Legal Name: Hotel Club Systems INC.
- Company ID: 37-2005543
- Year Founded: 2021
- Industry: Hospitality
- Website: https://groundfloorclub.com/
- SEC Filings
Highlights
—
CF Valuation
$206.3K
Total Raised
$1.4M
Revenue
11
Employees
Indicators
Profit Margin
-102.2%
(-11.7%)
2022: -90.5%
Current Ratio
11.18
(-43.3%)
2022: 19.73
Revenue Growth
Financials
| INCOME STATEMENT | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $1,371,548 | $509,927 | 169% |
| Cost of Goods Sold | -$53,160 | -$18,083 | 194% |
| Gross Profit | $1,318,388 | $491,844 | 168% |
| Other Costs | -$2,720,374 | -$953,171 | 185% |
| Taxes Paid | $0 | $0 | — |
| Net Income | -$1,401,986 | -$461,327 | 204% |
| BALANCE SHEET | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $422,380 | $1,121,266 | -62% |
| Accounts Receivable | $42 | $26 | 62% |
| Total Liquidity | $422,422 | $1,121,292 | -62% |
| Other Assets | $3,318,385 | $640,841 | 418% |
| Total Assets | $3,740,807 | $1,762,133 | 112% |
| Short Term debt | $334,717 | $89,327 | 275% |
| Long Term debt | $2,495,502 | $430,348 | 480% |
| Total Debt | $2,830,219 | $519,675 | 445% |
| Other Liabilities | $910,588 | $1,242,458 | -27% |
| Total Liabilities | $3,740,807 | $1,762,133 | 112% |
Revenue Growth
Financials
| INCOME STATEMENT | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $1,371,548 | $509,927 | 169% |
| Cost of Goods Sold | -$53,160 | -$18,083 | 194% |
| Gross Profit | $1,318,388 | $491,844 | 168% |
| Other Costs | -$2,720,374 | -$953,171 | 185% |
| Taxes Paid | $0 | $0 | — |
| Net Income | -$1,401,986 | -$461,327 | 204% |
| BALANCE SHEET | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $422,380 | $1,121,266 | -62% |
| Accounts Receivable | $42 | $26 | 62% |
| Total Liquidity | $422,422 | $1,121,292 | -62% |
| Other Assets | $3,318,385 | $640,841 | 418% |
| Total Assets | $3,740,807 | $1,762,133 | 112% |
| Short Term debt | $334,717 | $89,327 | 275% |
| Long Term debt | $2,495,502 | $430,348 | 480% |
| Total Debt | $2,830,219 | $519,675 | 445% |
| Other Liabilities | $910,588 | $1,242,458 | -27% |
| Total Liabilities | $3,740,807 | $1,762,133 | 112% |
| INCOME STATEMENT | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $1,371,548 | $509,927 | 169% |
| Cost of Goods Sold | -$53,160 | -$18,083 | 194% |
| Gross Profit | $1,318,388 | $491,844 | 168% |
| Other Costs | -$2,720,374 | -$953,171 | 185% |
| Taxes Paid | $0 | $0 | — |
| Net Income | -$1,401,986 | -$461,327 | 204% |
| BALANCE SHEET | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $422,380 | $1,121,266 | -62% |
| Accounts Receivable | $42 | $26 | 62% |
| Total Liquidity | $422,422 | $1,121,292 | -62% |
| Other Assets | $3,318,385 | $640,841 | 418% |
| Total Assets | $3,740,807 | $1,762,133 | 112% |
| Short Term debt | $334,717 | $89,327 | 275% |
| Long Term debt | $2,495,502 | $430,348 | 480% |
| Total Debt | $2,830,219 | $519,675 | 445% |
| Other Liabilities | $910,588 | $1,242,458 | -27% |
| Total Liabilities | $3,740,807 | $1,762,133 | 112% |
| INCOME STATEMENT | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Revenue | $1,371,548 | $509,927 | 169% |
| Cost of Goods Sold | -$53,160 | -$18,083 | 194% |
| Gross Profit | $1,318,388 | $491,844 | 168% |
| Other Costs | -$2,720,374 | -$953,171 | 185% |
| Taxes Paid | $0 | $0 | — |
| Net Income | -$1,401,986 | -$461,327 | 204% |
| BALANCE SHEET | 2023 | 2022 | TOTAL GROWTH |
|---|---|---|---|
| Cash | $422,380 | $1,121,266 | -62% |
| Accounts Receivable | $42 | $26 | 62% |
| Total Liquidity | $422,422 | $1,121,292 | -62% |
| Other Assets | $3,318,385 | $640,841 | 418% |
| Total Assets | $3,740,807 | $1,762,133 | 112% |
| Short Term debt | $334,717 | $89,327 | 275% |
| Long Term debt | $2,495,502 | $430,348 | 480% |
| Total Debt | $2,830,219 | $519,675 | 445% |
| Other Liabilities | $910,588 | $1,242,458 | -27% |
| Total Liabilities | $3,740,807 | $1,762,133 | 112% |
Indicators
Profit Margin
-102.2%
(-11.7%)
2022: -90.5%
Current Ratio
11.18
(-43.3%)
2022: 19.73
Efficiency Ratio
3.9%
(11.4%)
2022: 3.5%
Key figures
| INCOME STATEMENT | 2023 | 2022 |
|---|---|---|
| Revenue Growth | 169% | ∞ |
| Profit Margin | -102% | -90% |
| Current Ratio | 11% | 20% |
| Efficiency Ratio | 4% | 4% |
| Solvency Ratio | -50% | -89% |
| Debt Ratio | 76% | 30% |
Funding History
1 Funding Round
$206,309Total Raised
—CF Valuation
—Valuation Growth
| ROUND | STATUS | CLOSE DATE | RAISED | PLATFORM | SECURITY | TERMS | GROWTH | REGULATION | DAYS OPEN | START DATE |
|---|---|---|---|---|---|---|---|---|---|---|
1. Closed | Closed | Apr 30, 2025 | $206,309 | Wefunder | SAFE | — | — | SEC Reg CF | 467 days | Jan 19, 2024 |
