VirZoom, Inc.

VirZoom, Inc. logo via Clearbit

Profile

According to their SEC filings, VirZoom, Inc. is a Corporation organized in DE on 02-02-2015. They report having 8 employee(s), and revenue in their most-recent fiscal year of $442,981.00 and $323,724.00 the prior year.

Company Description

"The VirZOOM Virtual Reality Game System that motivates you to pedal! Play VR games. Get fit."

Website: http://www.virzoom.com

Sector: Information Technology

Industry: Internet Software & Services

Twitter: VirZOOM

Facebook: virzoom

LinkedIn: virzoom-inc-

Location

Cambridge

Massachusetts, MA 02138

Equity Crowdfunding Campaigns

Reg CF Offering from VirZOOM, Inc. (Active)

Campaign Details

According to their SEC filings, VirZOOM, Inc. is raising $250,000.00 (up to a maximum of $600,000.00) in SAFE via Wefunder with a current deadline of 03-19-2019.

As compensation for managing the offering, Wefunder is being compensated as follows:

5.0% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.

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

Securities equal to 2.0% of the securities sold will be issued to the intermediary upon a successful fundraise.

Reg CF Offering from VirZoom, Inc. (Previous)

Campaign Details

According to their SEC filings, VirZoom, Inc. previously ran a Regulation Crowdfunding campaign to raise $0.00 (up to a maximum of $0.00) in via before a deadline of .

As compensation for managing the offering, reported being compensated as follows:

In addition to any direct compensation, VirZoom, Inc. reported that would also receive the following financial interest in the offering:

VirZoom, Inc. filed the following progress report with the SEC at the end of their campaign:

End of offering

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

Financial Information

The following information is taken directly from SEC filings.

Income Statement Items

Most Recent Fiscal Year Prior Fiscal Year
Revenue $442,981.00 $323,724.00
Cost of Goods Sold $266,246.00 $288,745.00
Taxes Paid $0.00 $0.00
Net Income $-3,183,089.00 $-2,965,863.00

Balance Sheet Items

Most Recent Fiscal Year Prior Fiscal Year
Total Assets $0.00 $0.00
Cash and Cash Equivalents $283,540.00 $239,141.00
Accounts Receivable $46,673.00 $33,974.00
Short-term Debt $7,294,707.00 $5,060,773.00
Long-term Debt $0.00 $0.00

Complete Reg CF filings list for VirZoom, Inc.