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

GeoOrbital Inc. does not currently have any active Reg CF crowdfunding campaigns.

Previous Crowdfunding Offering
Wednesday, October 10, 2018

GeoOrbital Inc. previously ran a Reg CF crowdfunding campaign to raise a target of $9,996 via StartEngine before a deadline of 12-11-2018. No progress report has been filed yet regarding the final results of this offering.

Intermediary compensation

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

"6 percent"

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

"N/A"
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