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Boomerang Bike

Operating

Boomerang Bike Corporation

Sports & Recreation · Sunnyvale, DE · Founded 2013

The ultimate anti-theft bike alarm & GPS

Post-money valuation ⓘ
$15.8M
As of Apr 2022 · from Reg CF Offering (2021) · pre-money + amount raised, not a traded price
Total raised
$1,207,114
Crowd $35K · Private $1.2M · 3 rounds since 2013
Latest share price
$0.33
Reg CF · Common Stock · Dec 2021 offering price

Financials

FY2019–FY2020 · from SEC filings · hover any figure for its source
$104K
−$700K
2019
$192K
−$483K
2020
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 reviewed
FY2020 reviewed
Income statement
Revenue
$104,305
$192,161
Cost of goods sold
$59,027
$234,652
Gross margin
43%
-22%
Net income
-$700,038
-$482,826
Taxes paid
$0
$4,123
Balance sheet
Cash
$72,451
$6,307
Accounts receivable
$2,204
$0
Total assets
$157,874
$258,910
Short-term debt
$323,097
$392,876
Long-term debt
$2,204,358
$52,974
Total liabilities
$2,527,455
$445,850
Other
Headcount
—
8

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$15.8M
pre-money
Reg CF · Common · Dec 2021

Blue bars are the pre-money valuation the company stated for a priced round.

Share price over rounds

$0.33$0.165$0.239
Jan 2020Dec 2021
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Fundraising history

Raised $34.6K / $1.1MInvestors 74Post-money $15.8M
Raised $482.5KInvestors 10

Team

2 people
Kevin Fahrner
CEO

Kevin Fahrner has spent his career in Business Development He specializes in new technology from around the world such as Europe, Israel, China and Japan and brings the technology to North America. He was part of the founding team of two startups before founding Boomerang Bike. He is an avid cyclist who enjoys riding in the Santa Cruz Mountains and along the California coast.

Dr. Ronjon Nag
Director

Ronjon Nag is an inventor, investor and informer. He is founder of R42 Institute and R42 Ventures, and is a Visiting Fellow at the Stanford Center for the Study of Language and Information where he teaches courses for AI and Venture Capital in healthcare. He has invented and deployed artificial intelligence systems for over three decades. He received a PhD in engineering from Cambridge, an MS from MIT, the IET Mountbatten Medal at the Royal Institution, and was a Harkness Fellow at Stanford University. Companies he has co-founded or advised have been sold to Motorola, BlackBerry, and Apple. He was awarded the 2021 IEEE Santa Clara Valley Award for Outstanding Engineer.

Names and titles as disclosed on SEC Form C, StartEngine. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Delinquent

Filed 0 of 5 annual reports (FY2021–FY2025)

Missing: 2021, 2022, 2023, 2024, 2025

74 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C/AJun 22, 20220001590725-22-000002
    EDGAR
  • Form C/AJun 21, 20220001590725-22-000001
    EDGAR
  • Form C-UMay 4, 20220001665160-22-001566
    EDGAR
  • Form C/AMar 18, 20220001665160-22-000494
    EDGAR
  • Form CDec 21, 20210001665160-21-002277
    EDGAR
  • Form D/AJun 12, 20140001590725-14-000001
    EDGAR
  • Form DNov 1, 20130001590725-13-000002
    EDGAR
Source: ManualCIK 0001590725DEShare price $0.33

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.