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GELSTAT CORP

Operating

Biotech · Miami, FL

Estimated pre-money ⓘ
$5.2M
As of Oct 2021 · from Reg A Offering (2021) · our estimate: offering price × shares outstanding, not a stated valuation
Total raised
$100,000
Across 1 round since 2021
Latest share price
$0.01
Reg A+ · Equity · Oct 2021 offering price

Financials

FY2020–FY2024 · from SEC filings · hover any figure for its source
$4K
−$178K
2020
$7K
−$475K
2021
$2K
−$761K
2022
$150K
−$210K
2023
2024
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2020 audited
FY2021 audited
FY2022 audited
FY2023 audited
FY2024 audited
Income statement
Revenue
$3,950
$7,022
$2,333
$149,527
—
Cost of goods sold
$1,413
$3,019
$1,369
$18,945
—
Gross margin
64%
57%
41%
87%
—
Net income
-$177,838
-$475,243
-$761,184
-$210,111
—
Balance sheet
Cash
$767
$67,138
$1,730
$25,313
$8,825
Accounts receivable
$30
$91
$80
$23,266
$57,063
Total assets
$140,220
$182,090
$18,830
$185,880
$170,888
Long-term debt
$25,440
—
—
—
—
Total liabilities
$477,919
—
—
$964,372
$1,218,682
Other
Headcount
2
—
—
—
—

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$5.2M
est. pre-money
Reg A+ · Equity · Oct 2021

Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher.

Cap table

Share counts as of Dec 31, 2022
ClassOutstandingVotes / shareShare of totalLast price
Common Stock686,179,300—100.0%$0.01Oct 2021

Shares outstanding over timein today's share terms

686M343M0
Dec 2020Dec 2022
Common StockRound opened

Principal holders% as the filing states it, Nov 21, 2012

  • William Brisben5 Common Stock28.0%of company
  • Gerald N. Kieft1 Common Stock23.0%of company
  • Adrian G. Goldfarb3 Common Stock4%of company
  • William R. Colucci2 Common Stock1%of company
  • Paul W. Bucha4 Common Stock0.04%of company

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $100K / $5MEst. pre-money $5.2M

Team

4 people
Paul W. Bucha
October 2020 to September 2021 1
Adrian Goldfarb
Director
Javier G. Acosta
Director
William R. Colucci
Director

Names and titles as disclosed on SEC Form 1-A. Bios and photos come from the platform campaign page and may be out of date.

  • Form 1-ZMay 11, 20260001079973-26-000628
    EDGAR
  • Form 1-UApr 30, 20260001079973-26-000584
    EDGAR
  • Form 1-SASep 29, 20250001079973-25-001508
    EDGAR
  • Form 1-KApr 29, 20250001079973-25-000707
    EDGAR
  • Form 1-SASep 26, 20240001553350-24-000112
    EDGAR
  • Form 1-KMay 7, 20240001079973-24-000656
    EDGAR
  • Form 1-UNov 28, 20230001079973-23-001662
    EDGAR
  • Form 1-SAOct 12, 20230001079973-23-001417
    EDGAR
Source: SEC EDGARCIK 0000890725DEShare price $0.01Last synced Aug 16, 2026

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.