Aggregate Commitments $
StartEngine
04/21/2021
10/18/2021
$10,000
$3,930,000
$250
Equity – Preferred
RegCF
Series A
$59,891,925
Rolling Commitments $
Active
04/21/2021
179
784%
2%
$78,391
84
Cincinnati, Ohio
Consumer Products, Goods & Services
Foodtech
B2B/B2C
Medium
High
Growth
GoSun, with a pre-money valuation of $59.1 million, is raising funds on StartEngine. The company uses solar technologies to create efficient products for cooking, cooling, lighting, and charging electronics using solar energy. The GoSun products support independence and non-reliance on non-renewable sources of energy, which helps to create a healthier and more sustainable environment. GoSun was founded by Patrick Sherwin in 2016. The proceeds of the current crowdfunding round, with a minimum raise of $10,000 and a maximum raise of $3,930,000, will be used for product expansion. GoSun has already sold more than 100,000 products in 70 countries and generated $3.9 million in revenues in 2020. The company has partnered with companies like Home Depot and Ace Hardware for recreational sales and with bodies like the UN and Red Cross for humanitarian sales.
Summary Profit and Loss Statement
|
Revenue |
$3,925,165 |
$1,869,934 |
|
COGS |
$1,973,993 |
$1,020,785 |
|
Tax |
$0 |
$0 |
|
|
||
|
|
||
|
Net Income |
$2,783 |
$-251,950 |
Summary Balance Sheet
|
Cash |
$1,233,581 |
$699,115 |
|
Accounts Receivable |
$39,646 |
$101,997 |
|
Total Assets |
$2,485,882 |
$1,415,124 |
|
Short-Term Debt |
$841,927 |
$718,545 |
|
Long-Term Debt |
$562,701 |
$485,142 |
|
Total Liabilities |
$1,404,628 |
$1,203,687 |
Summary of Crowdfunding Raises
| 10/18/2021 | StartEngine | $59,891,925 | $78,391 | Equity – Preferred | Active | RegCF |
| 07/14/2020 | StartEngine | $14,029,817 | $1,069,999 | Equity – Common | Confirmed Closed | RegCF |
