IQ Billiards
Early Stage
https://www.startengine.com/offering/iqbilliards
Overview
Raised: $14,285
Total Commitments ($USD)
Platform
StartEngine
Start Date
01/16/2023
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
Price Per Share
$2.00
Pre-Money Valuation
$500,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$164
# of Investors
34
Momentum
Funded
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Year Founded
2022
Industry
Media, Entertainment & Publishing
Tech Sector
GamingTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
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: 01/16/2023
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