Hopscotch Air
Early Stage
You Choose the Destination. We'll Bring the Plane.
Overview
Raised: $92,995
Total Commitments ($USD)
Platform
StartEngine
Start Date
10/20/2022
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
Price Per Share
$10.00
Pre-Money Valuation
$4,269,140
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/27/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
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
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: 10/20/2022
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