Tap Systems
Wearable Keyboard, Mouse & Controller
Analytics
Raised: $2,711,563
Aggregate Commitments $
Platform
Wefunder
Start Date
11/05/2021
Close Date
05/01/2023
Min. Goal
$200,001
Max. Goal
$4,999,999
Min. Investment
$100
Security Type
Equity - Common
Funding Type
RegCF
Series
Series A
Price Per Share
$2.00
Pre-Money Valuation
$51,271,714
Rolling Commitments $
Status
Active
Reporting Date
08/14/2022
Days Remaining
260
% of Min. Goal
1,356%
% of Max. Goal
54%
Likelihood of Max
Avg. Daily Raise
$9,615
Momentum
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Founder Profile
Location
Pasadena, California
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Tap Systems, with a valuation of $51.3 million, is raising funds on Wefunder. The company has developed its patented input solution that works well for augmented and virtual reality systems. The input solution of Tap Systems is easy, fast, accurate, and eyes-free and solves the problems related to the current slow and error-prone input solutions. Tap Systems has tens of thousands of customers and has generated $2 million in sales to date. David Schick and Dr. Sabrina Kemeny founded Tap Systems in February 2015. The current crowdfunding campaign has a minimum target of $200,001 and a maximum target of $4,999,999. The campaign proceeds will be used for research and development, sales and marketing, and general and administrative expenses.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$885,346 |
$1,311,181 |
|
COGS |
$553,845 |
$698,640 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,924,505 |
$-2,629,615 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$282,590 |
$760,658 |
|
Accounts Receivable |
$1,238 |
$2,550 |
|
Total Assets |
$688,067 |
$1,227,459 |
|
Short-Term Debt |
$755,178 |
$473,512 |
|
Long-Term Debt |
$5,363,027 |
$5,411,809 |
|
Total Liabilities |
$6,118,205 |
$5,885,321 |
Financials as of: 11/05/2021
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