Hopscotch Air

Early Stage

You Choose the Destination. We'll Bring the Plane.

Overview

Raised to Date: Raised: $92,995

Total Commitments ($USD)

Platform

StartEngine

Start Date

10/21/2022

Close Date

02/18/2023

Min. Goal

$10,000

Max. Goal

$1,000,000

Min. Investment

$300

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$10.00

Pre-Money Valuation

$4,269,140

Rolling Commitments ($USD)

Status
Funded
Reporting Date

02/28/2023

Days Remaining
Funded
% of Min. Goal

930%

% of Max. Goal

9%

Likelihood of Max
Funded
Avg. Daily Raise

$775

# of Investors

45

Momentum
Funded
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Year Founded

2021

Industry

Travel and Hospitality

Tech Sector

MarketplaceTech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Farmingdale, New York

Business Type

Growth

Company Website

Hopscotch Air, with a valuation of $4.27 million, is raising funds on StartEngine. It is an FAA-certified air taxi operator in North America. The company has a fleet of single-engine and technologically-advanced aircraft flying on northeast regional routes. Hopscotch Air has the authority to grow to any size fleet with an unlimited number of pilots and has a perfect safety record. Andrew Schmertz and Douglas Okin founded Hopscotch Air in August 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1 million. The campaign proceeds will be used to expand by growing the regional market and entering the electric and VTOL markets.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$530,709

$343,811

COGS

$617,819

$365,815

Tax

$0

$0

 

 

Net Income

$21,391

$-11,622

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$9,722

$1,519

Accounts Receivable

$0

$0

Total Assets

$9,722

$1,823

Short-Term Debt

$89,656

$67,742

Long-Term Debt

$376,523

$411,929

Total Liabilities

$466,179

$479,671
Financials as of: 10/21/2022
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Hopscotch Air on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $4,269,140

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