Consumer Durables & Apparel

GeoOrbital Inc.

Regulation Crowdfunding campaign information and financial data from SEC filings


Profile

According to their SEC filings, GeoOrbital Inc. is a Corporation organized in DE on 08-07-2014. They report having 7 employees, and revenue in their most recent fiscal year of $2,046,883 and $36,764 the prior year.

Description:
Make pedaling your bike optional by replacing your regular front wheel with a GeoOrbital - in 60 seconds and without tools.
Website:
https://www.geoo.com/
Location:
17 Properzi Way,
Somerville, MA 02413

Equity Crowdfunding Campaigns

Active Offering

GeoOrbital Inc. is currently raising a target of $9,996 (and up to $1,069,992) of "Common Non-Voting Shares" via StartEngine before a deadline of 12-11-2018.

Intermediary compensation

According to the SEC filings, StartEngine will be directly compensated as follows for this offering:

"6 percent"

In addition to any direct compensation, GeoOrbital Inc. reports that StartEngine will also receive the following financial interest in the offering:

"N/A"

More information about this issuer may also be available via Crowditz.com, including information about weekly and aggregate investor commitments.

Previous Crowdfunding Offering
Thursday, April 19, 2018

GeoOrbital Inc. previously ran a Reg CF crowdfunding campaign to raise a target of $50,000 via StartEngine before a deadline of 04-17-2018. They filed this progress report at the end of the offering: "At the close of the offering, the amount closed on is $1,070,000.00 and 1,070,000 number of securities sold, final amount subject to change pending final receipt of committed investments." The URL for the offering was https://www.startengine.com/geoorbital.

Intermediary compensation

According to the SEC filings, StartEngine was compensated as follows for this offering:

"StartEngine Capital will receive a 5% commission on all sales through the portal: Issuer will pay a 2.5% commission, based on the amount of investments raised, and Investors will pay StartEngine a 2.5% surcharge, based on the amount invested."

In addition to any direct compensation, GeoOrbital Inc. reports that StartEngine also received the following financial interest in the offering:

"None"

Financial Information

The following information is taken from SEC filings.

Income Statement Items

Most-Recent Fiscal Year Prior Fiscal Year % Change
Revenue $2,046,883 $36,764 5467.6%
Cost of Goods Sold $2,001,604 $59,130 3285.1%
Taxes Paid $0 $0 N/A
Net Income -$831,330 -$534,783 N/A

Balance Sheet Items

Most-Recent Fiscal Year Prior Fiscal Year % Change
Total Assets $699,126 $1,199,675 -41.7%
Cash & Cash Equivalents $103,311 $407,725 -74.7%
Accounts Receivable $170,922 $0 N/A
Short-Term Debt $1,302,152 $1,625,238 -19.9%
Long-Term Debt $805,838 $170,000 374.0%

Complete Reg CF filing activity feed