RYSE USA
Smart Home Devices To Automate Window Shades & Save Energy
Overview
Raised: $350,295
Total Commitments ($USD)
Platform
Wefunder
Start Date
11/30/2021
Close Date
03/09/2022
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
Revenue Share
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/31/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,538
# of Investors
343
Momentum
Funded
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Year Founded
2017
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Location
Newark, Delaware
RYSE USA is raising funds on Wefunder. The company has developed the most affordable solution to automate window shades. The smart home devices of RYSE USA have four patents awarded and help to save energy. The products of RYSE USA are focused on retrofit, smart home integration, affordable luxury, and energy savings. The business has generated over $2.3 million in revenue in the last two fiscal years. Trung Pham founded RYSE USA in July 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for inventory and advertising.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$809,079 |
$1,548,009 |
|
COGS |
$163,296 |
$161,718 |
|
Tax |
$1,087 |
$1,078 |
| ||
| ||
|
Net Income |
$-2,372 |
$8,210 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$148,511 |
$25,475 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$375,444 |
$463,969 |
|
Short-Term Debt |
$391,772 |
$477,925 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$391,772 |
$477,925 |
Financials as of: 11/30/2021
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