MobileSpike

MobileSpike

Early Stage

A revolutionary way to end police chases and reduce tragic accidents

A revolutionary way to end police chases and reduce tragic accidents

Overview

Raised to Date: Raised: $83,147

Platform

Wefunder

Start Date

09/14/2016

Close Date

03/24/2017

Min. Goal
$50,000
Max. Goal
$388,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

0%

Year Founded

2016

Industry

Consumer Products, Goods & Services

Tech Sector

Hardwaretech

Location

Wilmington, Delaware

MobileSpike, with a valuation of $5 million, is raising funds on Wefunder. The company has developed the fastest and safest chase-stopping system in the world. MobileSpike is equipped in police cruisers and allows officers to act immediately before speeds increase. The business has multiple patents issued and has agencies in 22 states expressing interest. Michael Moormeier founded MobileSpike in March 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $388,000. The campaign proceeds will be used for sales, marketing, operations, inventory, and finalizing Gen2.

Summary Profit and Loss Statement

FY 2015 FY 2014

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-5,864

$-1,136,818

Summary Balance Sheet

FY 2015 FY 2014

Cash

$0

$255

Accounts Receivable

$0

$0

Total Assets

$37,516

$48,983

Short-Term Debt

$26,813

$32,416

Long-Term Debt

$0

$0

Total Liabilities

$26,813

$32,416

Financials as of: 09/14/2016
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MobileSpike on Wefunder 2017
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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Warning: according to the close date for this deal, MobileSpike may no longer be accepting investments.

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