Shark Wheel

Shark Wheel

Early Stage

Shark Wheel reinvented the wheel. Literally. Scientifically proven advantages.

Shark Wheel reinvented the wheel. Literally. Scientifically proven advantages.

Overview

Raised to Date: Raised: $627,998

Platform

StartEngine

Start Date

07/19/2017

Close Date

11/02/2017

Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$250

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$15,000,024

Year Founded

2018

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Location

Lake Forest, California

Shark Wheel, with a valuation of $15 million, is raising funds on StartEngine. The company has reinvented the wheel with multiple advantages over the traditional wheel. The Shark Wheel has a longer life, a unique approach angle, less charging, and a better ability to move over rough terrain. The wheels of the Shark Wheel have various applications, including luggage, farming wheels, the printing industry, medical applications, office chairs, casters, skateboards, and many more. Gary Fleishmanin founded Shark Wheel in October 2012. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.07 million. The campaign proceeds will be used for R&D, marketing, working capital, patents, inventory, and loan payments.

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$708,820

$541,696

COGS

$313,314

$298,469

Tax

$15,652

$6,191

 

 

Net Income

$-534,910

$-378,560

Summary Balance Sheet

FY 2016 FY 2015

Cash

$233,640

$74,956

Accounts Receivable

$4,138

$7,797

Total Assets

$400,496

$207,224

Short-Term Debt

$55,369

$840,590

Long-Term Debt

$0

$0

Total Liabilities

$55,369

$840,590

Financials as of: 07/19/2017
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Shark Wheel 01/26/2023 StartEngine $42,867,875 $798,101 Equity - Common Funded RegCF
Shark Wheel 02/10/2022 Wefunder $40,407,538 $952,065 Equity - Common Funded RegCF
Shark Wheel 01/26/2021 Wefunder $34,900,000 $529,210 Equity - Common Funded RegCF
Shark Wheel 04/28/2020 Wefunder $30,000,000 $541,306 Equity - Common Funded RegCF
Shark Wheel 04/29/2019 StartEngine $25,500,000 $534,921 Equity - Common Funded RegCF
Shark Wheel 11/02/2017 StartEngine $15,000,024 $627,998 Equity - Common Funded RegCF
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Shark Wheel on StartEngine 2017
Platform: StartEngine
Security Type: Equity - Common
Valuation: $15,000,024
Price per Share: $1.00

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

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