AquaBoy

Neutral
BETA

AquaBoy® produces purified drinking water by extracting moisture from the air.

Analytics

Raised to Date: $28,055

Aggregate Commitments $
Platform

Netcapital

Start Date

09/11/2020

Close Date

11/13/2020

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$99

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$9,003,104

Weekly Commitments $
Status

Active

Reporting Date

09/23/2020

Days Remaining

48

% of Min. Goal

281%

% of Max. Goal

3%

Likelihood of Max
Avg. Daily Raise

$2,338

Momentum
Location

Cooper City, FL

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

AquaBoy, with a post-money valuation of $10.07 million, is raising funds on NetCapital. AquaBoy is the flagship product of Atmospheric Water Solutions. It extracts moisture from the air to produce purified drinking water. The product is available as AquaBoy Pro II for home and office use, and AquaBoy Commercial for commercial and industrial purposes. AquaBoy was founded by Doug Marcille, Reid Goldstein, and Al Johnston in 2017. The proceeds of the current crowdfunding round, with a minimum raise of $10,000 and a maximum raise of $1,070,000, will be used for product development, marketing, management payroll, staff payroll, lease, utilities, and overhead expenses. AquaBoy comes with replaceable filters for the aftermarket revenue stream. The product is built to solve problems of water quality, water sustainability and availability, and the value of water and the environment.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$223,134

$284,514

COGS

$161,619

$268,077

Tax

$509

$967

 

 

Net Income

$-572,360

$-1,003,536

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$49,220

$9,657

Accounts Receivable

$24,568

$58,312

Total Assets

$335,877

$483,252

Short-Term Debt

$0

$0

Long-Term Debt

$4,241,191

$0

Total Liabilities

$4,241,191

$3,127,696

Ratings

last updated 09/24/2020

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