Jetson Surf Technology
Early Stage
E-Powered Propulsion Surf, SUP, and Rescue Boards
Overview
Raised: $11,268
Total Commitments ($USD)
Platform
StartEngine
Start Date
10/03/2023
Close Date
01/31/2024
Min. Goal
$9,999
Max. Goal
$1,235,000
Min. Investment
$249
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.01
Pre-Money Valuation
$10,995,870
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/02/2023
Days Remaining
60
% of Min. Goal
113%
% of Max. Goal
1%
Likelihood of Max
Avg. Daily Raise
$188
# of Investors
16
Momentum
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Year Founded
2018
Industry
Media, Entertainment & Publishing
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Jetson Surf Technology, with a valuation of $11 million, is raising funds on StartEngine. The company designs and develops electric-powered propulsion surfboards in various makes and models. Jetson Surf Technology’s e-surfboards make it easier for people with physical limitations and a lack of technical expertise to practice surfing and overcome challenges at sea. The surfboards have integrated touchpad technology, a powerful lithium battery pack, and many other innovative features for smooth, safe, and supercharged surfing. Gary Lane founded Jetson Surf Technology in June 2018. The current crowdfunding campaign has a minimum target of $9,999 and a maximum target of $1.23 million. The campaign proceeds will be used for marketing, research and development, company employment, inventory, operations, and manufacturing overhaul.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$114,441 |
$61,461 |
|
COGS |
$10,249 |
$32,117 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-16,951 |
$-61,225 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$60,858 |
$24,092 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$87,291 |
$24,812 |
|
Short-Term Debt |
$136,788 |
$137,858 |
|
Long-Term Debt |
$131,500 |
$51,000 |
|
Total Liabilities |
$268,288 |
$188,858 |
Financials as of: 10/03/2023
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