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Equity – Common
$24,975,000
07/19/2022
Overland Park, Kansas
Business Services, Software, & Applications
EnterpriseTech
SwitchBin, with a valuation of $25 million, is raising funds on StartEngine. The company has developed an automated solution for trading in and buying new devices. The interactive kiosk of SwitchBin will help users to trade in and upgrade their phones conveniently, securely, and quickly. The technology of SwitchBin can also be upgraded and applied to all connected devices, laptops, set-top boxes, and other categories. George Abdelmalak and Robert Kilinski founded SwitchBin in May 2020. The current crowdfunding campaign has a minimum target of $9,999.60 and a maximum target of $1,069,997.76. The campaign proceeds will be used for trial deployment.
Summary Profit and Loss Statement
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
|
|
||
|
|
||
|
Net Income |
$-34,600 |
$-3,000 |
Summary Balance Sheet
|
Cash |
$800 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$62,400 |
$97,000 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 07/18/2022
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