ElliptiGO

ElliptiGO

Early Stage

Elliptical and Stand-Up Bicycles

Elliptical and Stand-Up Bicycles

Overview

Raised to Date: Raised: $1,040,383

Platform

StartEngine

Start Date

01/03/2017

Close Date

02/27/2017

Min. Goal
$50,005
Max. Goal
$999,999
Min. Investment

$650

Security Type

Equity - Preferred

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$6.50

Year Founded

2009

Industry

Fitness & Wellness

Tech Sector

HealthTech

Location

Solana Beach, California

ElliptiGo is raising funds on StartEngine. The company manufactures and sells elliptical and stand-up bicycles for outdoor fitness and recreation. ElliptiGo bikes provide comfortable, low-impact, and full-body workout in a fun manner and burn 33% more calories than traditional bikes. The business has already sold more than 19,000 ElliptiGos and generated over $30 million in revenue. Bryan Pate and Brent Teal founded ElliptiGo in August 2009. The current crowdfunding campaign has a minimum target of $50,004.50 and a maximum target of $999,999. The campaign proceeds will be used for digital and social media marketing, improvements to the website, and exploring the direct response television.

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$5,145,449

$5,167,060

COGS

$2,912,135

$3,116,703

Tax

$0

$0

 

 

Net Income

$-764,388

$-590,973

Summary Balance Sheet

FY 2016 FY 2015

Cash

$2,318,230

$2,351,296

Accounts Receivable

$483,380

$233,544

Total Assets

$4,241,696

$3,818,683

Short-Term Debt

$9,537

$4,938

Long-Term Debt

$1,025,567

$16,638

Total Liabilities

$1,035,104

$21,576

Financials as of: 01/03/2017
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
ElliptiGO 03/04/2020 StartEngine $34,108,515 $565,341 Equity - Preferred Funded RegCF
ElliptiGO 02/27/2017 StartEngine - $1,040,383 Equity - Preferred Funded RegCF
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ElliptiGo on StartEngine 2017
Platform: StartEngine
Security Type: Equity - Preferred
Price per Share: $6.50

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