SitTight
Early Stage
Balanced Active Sitting®
Overview
Raised: $11,651
Total Commitments ($USD)
Platform
StartEngine
Start Date
12/18/2019
Close Date
03/20/2020
Min. Goal
$9,999
Max. Goal
$1,069,999
Min. Investment
$399
Security Type
Equity - Common
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$1.05
Pre-Money Valuation
$14,000,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
03/30/2020
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$127
# of Investors
11
Momentum
Not Funded
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Year Founded
2012
Industry
Consumer Products, Goods & Services
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
SitTight is raising funds on StartEngine via Equity with a $14 million valuation. SitTight has created a chair that promotes good posture that activates certain muscles in the body that also burns helps burn some calories. The team is tackling the adult working population with the standing desk market being approximately $2.8B. The minimum investment is $399 and the team has raised $0 to date (very new listing) with a minimum offering of $10k.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$127,134 |
$170,991 |
|
COGS |
$83,094 |
$141,504 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-84,400 |
$-101,246 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$27,458 |
$31,630 |
|
Accounts Receivable |
$1,626 |
$790 |
|
Total Assets |
$127,989 |
$56,505 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$267,463 |
$147,429 |
|
Total Liabilities |
$267,463 |
$147,429 |
Financials as of: 12/18/2019
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