Citizen Armor
Early Stage
Provides concealed, ultra-lightweight, flexible, and highly effective personal protection products
Overview
Raised: $0
Total Commitments ($USD)
Platform
Mr. Crowd
Start Date
01/01/2020
Close Date
05/01/2020
Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment
$1
Security Type
Equity - Common
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$8,600,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/29/2020
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2017
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
FashionTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Citizen Armor, with a pre-money valuation of $8.6 million, is raising funds on Mr. Crowd. The company manufactures and sells lightweight, flexible, and concealed personal protection products. The products of Citizen Armor are developed using a special formula called Nano-Protek and protect people against active shooters. Citizen Armor was founded by Aaron K Gilbert in May 2017. The current round of crowdfunding has a minimum raise of $50,000 and a maximum raise of $1,000,000, and the funds will be used for online marketing campaigns and recruitment of dealers and distributors. Citizen Armor already has many civilian products in the market and is in the R&D process to develop more. The company generated revenues of $0.36 million in 2017.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$287,969 |
$362,296 |
|
COGS |
$135,610 |
$197,073 |
|
Tax |
$0 |
$8,848 |
| ||
| ||
|
Net Income |
$-261,548 |
$-19,703 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$57,387 |
$360 |
|
Accounts Receivable |
$3,837 |
$0 |
|
Total Assets |
$1,011,355 |
$17,455 |
|
Short-Term Debt |
$1,579,600 |
$37,158 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$1,579,600 |
$37,158 |
Financials as of: 01/01/2020
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