Tap Systems

Growth Stage

Wearable Keyboard, Mouse & Controller

Analytics

Raised to Date: 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
likely
Avg. Daily Raise

$9,615

Momentum
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Location

Pasadena, California

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

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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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Tap Systems 05/01/2023 Wefunder $51,271,714 $2,711,563 Equity - Common Active RegCF
Tap Systems 11/29/2019 StartEngine $19,500,000 $1,069,766 Equity - Common Funded RegCF
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Tap Systems on Wefunder 2021
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Platform: Wefunder
Security Type: Equity - Common
Valuation: $51,271,714
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