Third Eye Design
Early Stage
Ingenuity Meeting Form and Function
Overview
Raised: $49,193
Total Commitments ($USD)
Platform
StartEngine
Start Date
12/16/2021
Close Date
04/20/2022
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$248
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$5.17
Pre-Money Valuation
$18,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$397
# of Investors
42
Momentum
Funded
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Year Founded
2009
Industry
Media, Entertainment & Publishing
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Third Eye Design, with a pre-money valuation of $18 million, is raising funds on Startengine. The company designs, manufactures and markets inView - a wireless helmet brake and turn signal light centered on a groundbreaking Radio Frequency (RF) communication protocol. inView is patented and has patents pending internationally. Launched in 2019 after nearly a decade of market research, technical development and patent work, inView launched and has received the highest accolades from magazines, industry professionals and customers. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $1,070,000.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$23,893 |
$25,684 |
|
COGS |
$17,019 |
$19,273 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-203,937 |
$-222,692 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$15,973 |
$10,566 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$63,159 |
$74,263 |
|
Short-Term Debt |
$95,184 |
$70,459 |
|
Long-Term Debt |
$809,034 |
$752,464 |
|
Total Liabilities |
$904,218 |
$822,923 |
Financials as of: 12/16/2021
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