Liteboxer on StartEngine 2022 – KingsCrowd

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Liteboxer on StartEngine 2022 – KingsCrowd


Safety Sort

Fairness – Widespread

Pre-Cash Valuation

$81,992,971

Reporting Date

10/25/2022

Probability of Max

unlikely

Momentum

cool.svg

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Location

Hampton, New Hampshire

Trade

Health & Wellness

Liteboxer, with a valuation of $81.99 million, is elevating funds on StartEngine. It’s an at-home digital reality-based exercise program that’s bringing actual health to the metaverse. The platform allows customers to get interactive and efficient one-on-one coach exercises from their dwelling with out the necessity for added {hardware}. Liteboxer has reported over 600,000 downloads since March 2022 and is listed as one of the vital standard apps within the Meta Quest retailer. Jeffrey William Morin and Todd Dagres based Liteboxer in January 2016. The present crowdfunding marketing campaign has a minimal goal of $9,991.12 and a most goal of $4.9 million. The marketing campaign proceeds will likely be used to develop the group, deliver the enterprise to new digital platforms, and develop new apps.

Abstract Revenue and Loss Assertion

Income

$3,741,702

$517,808

COGS

$5,409,400

$973,194

Tax

$0

$0

 

 

Web Earnings

$-14,019,367

$-3,670,534

Abstract Steadiness Sheet

Money

$6,637,655

$2,489,934

Accounts Receivable

$74,325

$18,258

Complete Belongings

$10,497,484

$3,629,868

Quick-Time period Debt

$1,038,773

$0

Lengthy-Time period Debt

$5,344,891

$3,890,623

Complete Liabilities

$6,383,664

$3,890,623

Financials as of: 10/25/2022

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