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CycleBoard, Inc.

Operating

Formerly CycleBoard LLC — the earlier entity’s rounds and filings are included below.

Retail & Consumer · Costa Mesa, CA · Founded 2015

The personal electric vehicle, reimagined

Post-money valuation ⓘ
$12.4M
As of Nov 2021 · from Reg CF Offering (2021-02-27) · pre-money + amount raised, not a traded price
Total raised
$1,450,672
Crowd $791K · Private $660K · 3 rounds since 2018
Latest share price
$7.27
Reg CF · Common Stock · Feb 2021 offering price

Financials

FY2019–FY2022 · from SEC filings · hover any figure for its source
$1.2M
−$357K
2019
$2.5M
−$84K
2020
$3.6M
−$108K
2021
$2.8M
$125K
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 audited*
FY2020 reviewed
FY2021 reviewed
FY2022 reviewed
Income statement
Revenue
$1,159,642
$2,537,130
$3,597,080
$2,849,429
Cost of goods sold
$812,887
$1,982,850
$2,406,975
$1,580,066
Gross margin
30%
22%
33%
45%
Net income
-$356,831
-$83,980
-$107,571
$124,885
Taxes paid
$0
$0
$0
$0
Balance sheet
Cash
$15,020
$245,879
$495,824
$179,265
Accounts receivable
$19,029
$4,387
$0
$3,640
Total assets
$1,158,579
$1,203,483
$1,635,446
$911,572
Short-term debt
$100,423
$232,212
$2,110,731
$1,221,816
Long-term debt
$770,000
$1,260,000
$0
$0
Total liabilities
$870,423
$1,492,212
$2,110,731
$1,221,816
Other
Headcount
8
8
—
2

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
$12.0M
pre-money
$12.0M
pre-money
Reg CF · Common · Feb 2021
Reg CF · Common · Feb 2021

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

Share price over rounds

$7.27$3.635$1.00
Apr 2018Feb 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.

Cap table

Principal holders% as the filing states it, May 8, 2023

  • Phillip M LaBonty1,393,653 Common Stock74.8%of company
  • HL Corp288,195 Common Stock15.2%of company
  • Start Engine1,566 Common Stock8%of company
  • Start Engine Investors87,980 Common Stock4.63%of company
  • April Smith50,085 Common Stock2.63%of company
  • Ron Millar50,085 Common Stock2.63%of company

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $394.4K / $1.1MInvestors 364Post-money $12.4M
Reg CF · Common Stock · Feb 2021Withdrawnvia StartEngine
Raised $396.3K / $1.1MInvestors 361Post-money $12.4M

Team

10 people
Phillip LaBontyFounder
CEO / Founder

Phillip LaBonty is the CEO & Founder of CycleBoard. He has been granted multiple design and utility patents for the CycleBoard design. He graduated from Auburn University in 1996 with a degree in Biomechanics. He is a US Army Veteran receiving a Bronze Star during the Desert Storm War in Iraq and also spent 3 years as a Firefighter and EMT. Phillip is an experienced entrepreneur and CEO with a history of success, he was the CEO & Founder of a successful finance company for 10 years reaching 40 million in sales annually prior to starting CycleBoard. Phillip is fiercely passionate about the personal electric vehicle space and designing products that make a difference in people’s lives.

April Smith
Accounting & COO Consultant

April Smith is the COO Consultant for CycleBoard, Inc. April is a member of the CycleBoard management team and assists with the daily operations and accounting and spends about 20 hrs per week on CycleBoard. In addition, April has been the Vice President of Operations for Mariners Companies since 2008, a real estate focused investment firm headquartered in Newport Beach, CA. At Mariners Companies, April is responsible for day-to-day operations, licensing, portfolio acquisition diligence review, collateral management, servicing oversight, regulatory and legal process review and management.

Ron Millar
CFO Consultant

Ron Millar is the CFO Consultant for CycleBoard, Inc. Ron is a member of CycleBoard’s management team and assists with the development of financial and operational strategy. He is responsible for forecasting, budgeting, accounting, and financial and tax strategy and works on CycleBoard related matters about 5 hours per week. In addition, Ron is Vice President of Finance for Mariners Companies, a real estate-focused investment firm headquartered in Newport Beach, CA. At Mariners Companies, Ron is responsible for portfolio acquisitions, deal underwriting, portfolio management, accounting, and investor reporting. Prior to joining CycleBoard, Inc. and Mariners Companies, Ron worked in the capital markets groups at Arch Bay Capital, Lehman Brothers, Citigroup, and Merrill Lynch. Ron received an MBA from the University of California, Irvine, and a B.S. from Florida State University.

Cameron Garcia
Content Creator and Head of Marketing

Cameron Garcia is the Head of Marketing and Content Creation CycleBoard. He is a motion graphics animator, graphic designer, and illustrator based in Orange County CA. He graduated from Northern Arizona University in 2016 where he earned a Bachelor of Fine Arts Degree in Visual Communications with an emphasis in graphic design. His background includes extensive work with branding, website development, packaging design, marketing, and motion graphics.

Chan Ry
Head of Customer Support

Chan is Head of Customer Support at CycleBoard. Chan graduated from the University of California, Santa Barbara in 2011. Chan manages all day to day customer support operations at CycleBoard including quality control inspections and warranty/repairs. Chan deeply believes that the customer is always right and continuously strives to go above and beyond to serve our customers.

Brent Overfelt
Investor & Board Member

Brent Overfelt is President and co-founder of Pacific Equity Group. Pacific Equity Group is headquartered in Newport Beach, California and is a private equity acquisition and management company primarily focused in the manufacturing and Distribution sectors. Since 1999, Pacific Equity Group has invested in, acquired and managed both seasoned businesses and start up entities. In addition, Pacific Equity Group has invested capital in the real estate markets ranging from foreclosed properties, student housing and industrial buildings. Brent Overfelt graduated from Westmont College in 1994 with a degree in business economics.

Brystin Davy
Operations

Brystin is head of operations at CycleBoard and touches many areas of the business including inventory management, human resources, affiliate marketing, order fulfillment and customer support. Brystin has deep operational experience and prior to CycleBoard she spent many years in the banking, real estate and mortgage sectors.

Jordan Rabot
Industrial Designer

Jordan Rabot is in charge of Industrial Design at CycleBoard. Graduating from California State University Long Beach with a B.S. in Industrial Design, Jordan specializes in new concept design and development as well as product animation. Jordan’s design approach is most influenced by biomechanics and human movement and he thrives on the opportunity to improve user experiences.

Luke Allee
Mechanical Engineer

Luke Allee is a Mechanical Engineer with CycleBoard and is involved in all aspects of the design, engineering, and manufacturing process. Luke graduated from the University of California Los Angeles with a degree in Mechanical Engineering in 2018. Luke has been handcrafting custom surfboards and other related products since the age of 13 with a focus on quality and timeless design. Luke works closely with the CEO to improve and evolve CycleBoard’s products by pushing the boundaries of safety, quality, and performance.

Show 1 more person
Steve Olson
Investor & Board Member

Steve Olson is the sole owner and principal of Mariners Companies founded in 2007 in Newport Beach, CA. Mariners have purchased over 550 million of residential and commercial real estate assets throughout the continental US. Mariners have been involved in the ownership and management of multiple manufactured home parks, RV parks, commercial buildings, and insurance. Prior to the launch of Mariners Companies, Steve was a principal and co-founder of Mariners Capital Inc, a boutique retail and wholesale mortgage origination platform offering loans to borrowers in 28 states. During his tenure, Mariners provided over $2 billion dollars of financing to borrowers throughout the country. Steve Olson is a graduate from the University of Southern California and is a seasoned investor in many different types of investments including residential and commercial real estate, manufacturing, agricultural, technology, and medical investments.

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 2 of 6 annual reports (FY2020–FY2025)

Missing: 2021, 2023, 2024, 2025

364 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-ARMay 8, 20230001665160-23-001226
    EDGAR
  • Form C-UNov 29, 20210001665160-21-002111
    EDGAR
  • Form C/AAug 23, 20210001665160-21-001505
    EDGAR
  • Form C-AR/AJun 17, 20210001665160-21-001057
    EDGAR
  • Form C-ARApr 27, 20210001665160-21-000565
    EDGAR
  • Form C-WMar 1, 20210001665160-21-000256
    EDGAR
  • Form CFeb 26, 20210001665160-21-000248
    EDGAR
  • Form CFeb 25, 20210001665160-21-000220
    EDGAR
Source: ManualCIK 0001808212DEShare price $7.27

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.