AmmoSquared

AmmoSquared

Early Stage

We simplify ammunition ownership by making it DIGITAL

We simplify ammunition ownership by making it DIGITAL

Overview

Raised this Round: Raised: $305,531

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/01/2019

Close Date

03/20/2020

Min. Goal
$100,000
Max. Goal
$1,069,999
Min. Investment

$100

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.38

Pre-Money Valuation

$4,490,000

Year Founded

2019

Industry

Consumer Products, Goods & Services

Tech Sector

Retailtech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Nampa, Idaho

Business Type

Growth

AmmoSquared, with a pre-money valuation of $4.49 million, is raising funds on WeFunder. The company is simplifying the ownership of ammunition by digitalizing it. AmmoSquared allows users to select their budget and caliber for the ammunition, make changes to the selection, receive deliveries, store, and exchange ammunition, all online. AmmoSquared was founded by Dan Morton, Danielle Morton, and Chris Corriveau in 2013. The proceeds of the current crowdfunding round, with a minimum goal of $100,000 and a maximum goal of $1,069,999, will be used toward technology, business operations, and marketing. AmmoSquared has already shipped more than 40 tons of ammunition to over 4,500 customers across the country, with over $40,000 of monthly recurring revenue.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$61,265

$0

COGS

$51,277

$0

Tax

$0

$0

 

 

Net Income

$-12,365

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$13,988

$0

Accounts Receivable

$38

$0

Total Assets

$180,504

$0

Short-Term Debt

$192,544

$0

Long-Term Debt

$0

$0

Total Liabilities

$192,544

$0

Financials as of: 12/01/2019
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AmmoSquared on Wefunder
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $4,490,000
Price per Share: $1.38

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