Clear Genius
Early Stage
Filter Smart, Feel Great
Overview
Raised: $108,335
Total Commitments ($USD)
Platform
StartEngine
Start Date
04/02/2020
Close Date
04/30/2021
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$5,500,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$276
# of Investors
195
Momentum
Funded
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Year Founded
2014
Industry
Consumer Products, Goods & Services
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Clear Genius, with a pre-money valuation of $5.5 million, is raising funds on StartEngine. The company has created the first eco-friendly sustainable water filtration system, featuring reusable cartridges and replaceable Filter Pods. The cartridges and pods of Clear Genius fit into most big brand pitchers at a low cost and eliminates the use of single-use plastic cartridge. Clear Genius was founded by Roy G Mayo in 2015. The current round of crowdfunding of the company has a minimum raise of $10,000 and a maximum raise of $1,070,000. The technology of Clear Genius has been certified by the Water Quality Association to meet the required standards. The company has attained over 30,000 customers through retail and e-commerce and is placed in leading grocery stores like Publix.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$266,848 |
$393,349 |
|
COGS |
$179,221 |
$190,246 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-448,982 |
$-756,858 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$84,881 |
$165,979 |
|
Accounts Receivable |
$3,298 |
$198 |
|
Total Assets |
$309,412 |
$458,992 |
|
Short-Term Debt |
$58,976 |
$59,504 |
|
Long-Term Debt |
$150,000 |
$0 |
|
Total Liabilities |
$208,976 |
$59,504 |
Financials as of: 04/02/2020
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