IQ Billiards

IQ Billiards

Early Stage

https://www.startengine.com/offering/iqbilliards

https://www.startengine.com/offering/iqbilliards

Overview

Raised this Round: Raised: $14,285

Total Commitments ($USD)

Platform

StartEngine

Start Date

01/15/2023

Close Date

04/13/2023

Min. Goal
$10,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.00

Pre-Money Valuation

$500,000

Year Founded

2022

Industry

Media, Entertainment & Publishing

Tech Sector

GamingTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Lutz, Florida

Business Type

Life Style

IQ Billiards, with a valuation of $0.5 million, is raising funds on StartEngine. The company makes augmented reality projection systems to modernize the classic pool hall experience. The technology of IQ Billiards infuses interactive gameplay into the game and offers a number of themes, games, and training modes. IQ Billiards aims to expand its residential and wholesale sales and plans to get into B2B partnerships with indoor family entertainment centers. Mark Guilarte founded IQ Billiards in August 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.24 million. The campaign proceeds will be used for research and development, inventory, company employment, and operations.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$108,104

$0

COGS

$42,680

$0

Tax

$0

$0

 

 

Net Income

$22,438

$0

Summary Balance Sheet

FY 2021 FY 2020

Cash

$2,068

$37,954

Accounts Receivable

$0

$0

Total Assets

$70,152

$37,954

Short-Term Debt

$1,070

$0

Long-Term Debt

$0

$0

Total Liabilities

$1,070

$0

Financials as of: 01/15/2023
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IQ Billiards on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $500,000
Price per Share: $2.00

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