AquaBoy
Early Stage
AquaBoy® produces purified drinking water by extracting moisture from the air.
Overview
Raised: $194,895
Total Commitments ($USD)
Platform
Netcapital
Start Date
09/10/2020
Close Date
04/23/2021
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$99
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$9,003,104
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$870
Momentum
Funded
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Year Founded
2017
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
AquaBoy, with a post-money valuation of $10.07 million, is raising funds on NetCapital. AquaBoy is the flagship product of Atmospheric Water Solutions. It extracts moisture from the air to produce purified drinking water. The product is available as AquaBoy Pro II for home and office use, and AquaBoy Commercial for commercial and industrial purposes. AquaBoy was founded by Doug Marcille, Reid Goldstein, and Al Johnston in 2017. The proceeds of the current crowdfunding round, with a minimum raise of $10,000 and a maximum raise of $1,070,000, will be used for product development, marketing, management payroll, staff payroll, lease, utilities, and overhead expenses. AquaBoy comes with replaceable filters for the aftermarket revenue stream. The product is built to solve problems of water quality, water sustainability and availability, and the value of water and the environment.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$223,134 |
$284,514 |
|
COGS |
$161,619 |
$268,077 |
|
Tax |
$509 |
$967 |
| ||
| ||
|
Net Income |
$-572,360 |
$-1,003,536 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$49,220 |
$9,657 |
|
Accounts Receivable |
$24,568 |
$58,312 |
|
Total Assets |
$335,877 |
$483,252 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$4,241,191 |
$3,127,696 |
|
Total Liabilities |
$4,241,191 |
$3,127,696 |
Financials as of: 09/10/2020
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