WRAD One
Early Stage
Developing an advanced gunshot detection system
Overview
Raised: $0
Total Commitments ($USD)
Platform
NextSeed
Start Date
12/27/2020
Close Date
03/10/2021
Min. Goal
$500,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$6,500,000
Discount
20%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
03/09/2021
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
2020
Industry
Government Services
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
WRAD One, with a valuation cap of $6.5 million, is raising funds on NextSeed. The company is developing The Vigilant Response System to detect gunshots accurately, highlight the location, and reduce response times. The system will help to save lives by immediately informing the law enforcement authorities and allowing them to react fast. Phil Kramer, Mike Mann, and Kevin Wilder founded WRAD One in October 2020. The current round of crowdfunding has a minimum target of $500,000 and a maximum target of $1,000,000, and the proceeds will be used towards inventory purchase, sales and marketing, R&D, manufacturing, and working capital. WRAD One is expected to work on two revenue streams, one from the hardware and the other as the recurring subscription.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-4,900 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$15,200 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$15,200 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 12/27/2020
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