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Equity – Common
$74,156,340
07/03/2022
Oxnard, California
Transportation, Automotive, Aviation, & Aerospace
ModVans, with a valuation of $74.2 million, is raising funds on Wefunder. The company manufactures and sells multipurpose camping vehicles for work, play, and family. The CV1 camper van of ModVans comes with comfortable seating for five passengers, two beds, and removable RV components. ModVans has generated over $10 million in total revenue and is on track to generate $10 million in 2022. Pj Tezza and Laurie Tezza founded ModVans in 2012. The current crowdfunding campaign has a minimum target of $50,025 and a maximum target of $4,799,996. The campaign proceeds will be used for marketing, R&D, and production capacity.
Summary Profit and Loss Statement
|
Revenue |
$3,504,390 |
$2,941,465 |
|
COGS |
$4,023,830 |
$3,081,075 |
|
Tax |
$0 |
$0 |
|
|
||
|
|
||
|
Net Income |
$-1,746,672 |
$-973,054 |
Summary Balance Sheet
|
Cash |
$15,993 |
$110,507 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,023,484 |
$928,131 |
|
Short-Term Debt |
$740,147 |
$412,034 |
|
Long-Term Debt |
$196,551 |
$389,138 |
|
Total Liabilities |
$936,698 |
$801,172 |
Financials as of: 07/01/2022
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