AquaBoy

AquaBoy

Early Stage

AquaBoy® produces purified drinking water by extracting moisture from the air.

AquaBoy® produces purified drinking water by extracting moisture from the air.

Overview

Raised this Round: 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    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$9,003,104

Year Founded

2017

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

High

Location

Cooper City, Florida

Business Type

Growth

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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AquaBoy on NetCapital
Platform: Netcapital
Security Type: Equity - Common
Valuation: $9,003,104
Price per Share: $1.00

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