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Jet Token Inc. logo

Jet Token Inc.

Operating

Transportation · Las Vegas, NV

Private Aviation Platform Democratize Private Jet Travel

Post-money valuation ⓘ
$131.1M
As of Jan 2023 · from Reg A Offering (2021) · pre-money + amount raised, not a traded price
Total raised
$18,181,212
Crowd $18.1M · Private $54K · 4 rounds since 2018
Latest share price
$0.75
Reg A+ · Common Stock · Jun 2021 offering price

Financials

FY2016–FY2022 · from SEC filings · hover any figure for its source
$0
2016
$0
2017
$0
−$82K
2018
$0
−$508K
2019
$5K
−$2.6M
2020
$1.1M
−$15.8M
2021
$21.9M
−$7.7M
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2016 reviewed*
FY2017 reviewed
FY2018 audited
FY2019 audited
FY2020 audited
FY2021 audited
FY2022 audited
Income statement
Revenue
$0
$0
$0
$0
$4,783
$1,112,195
$21,862,728
Cost of goods sold
$0
$0
$0
$0
$0
$1,383,100
$19,803,739
Gross margin
—
—
—
—
100%
-24%
9%
Net income
$0
$0
-$81,594
-$507,794
-$2,563,140
-$15,765,249
-$7,738,203
Taxes paid
$0
$0
$0
$1,381
$1,867
$0
$2,400
Balance sheet
Cash
$0
$0
$713
$95,886
$2,221,222
$643,494
$1,527,391
Accounts receivable
$0
$0
$0
$0
$400
$0
$0
Total assets
$0
$0
$713
$153,372
$3,208,333
$2,141,037
$4,890,619
Short-term debt
$0
$0
$0
$0
$0
$394,923
$0
Long-term debt
$0
$0
$0
$0
$121,000
$0
$0
Total liabilities
$0
$0
$28,298
$33,938
$406,191
$1,243,568
$4,154,326
Other
Headcount
—
1
1
3
4
5
6

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
$5.5M
pre-money
$31.7M
pre-money
$124.0M
pre-money
Reg CF · Preferred · Feb 2019
Reg A+ · Equity · Oct 2019
Reg A+ · Common · Jun 2021

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

Share price over rounds

log scale
$0.7594$0.1509$0.03
Nov 2018Jun 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

Share counts as of Jun 15, 2022

These classes don't convert into each other and last sold at very different prices, so their share counts can't be added up into ownership percentages. Compare them by price instead.

ClassOutstandingVotes / shareVotesLast price
Preferred Stockpreferred18,826,385none0%—
Series Seed Preferred Stockpreferred983,333—100.0%$0.06Feb 2019
Common Stock78,353,333none0%$0.75Jun 2021

Principal holders% as the filing states it, Mar 24, 2023

  • Mike Winston, CFA76,133,334 Common Stock97.2%of
  • Rick Kipper583,333 Series Seed Preferred Stock85.4%of Series Seed Preferred
  • Carlos Butler100,000 Series Seed Preferred Stock14.6%of Series Seed Preferred
  • George Murnane10,800,000 Common Stock (Options)12.1%of (Options)
  • Carlos Butler1,000,000 Common Stock1.3%of
  • Rick Kipper833,333 Common Stock1.1%of

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 $7.1M / $22.4MInvestors 7,419Post-money $131.1M
Reg A+ · Equity · Oct 2019Closedvia StartEngine
Raised $10M / $10MInvestors 24,040Post-money $41.7M
Raised $1.1M / $1.1MInvestors 3,708Post-money $6.6M

Team

8 people
Mike Winston, CFAFounder
Founder and Executive Chairman; Treasurer
George Murnane
Chief Executive Officer and President; Secretary
Michael Winston
CEO, Principal Executive Officer and Director, Principal Financial Officer and Principal Accounting Officer
Aaron Cohen
Advisor
Brenda Paauwe-Navori
Advisor
Bryan M. Eagle III
Advisor
Ehud Talmor
Advisor
Major Ran David
Advisor

Names and titles as disclosed on SEC Form 1-A, SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not required3+ reports filed & assets ≤ $10M

Filed 5 of 8 annual reports (FY2018–FY2025)

24,040 investors
holder-count proxy

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

  • Form 1-UMay 16, 20230001104659-23-061272
    EDGAR
  • Form C-ARMay 1, 20230001104659-23-053295
    EDGAR
  • Form 1-K/AMar 27, 20230001104659-23-036783
    EDGAR
  • Form 1-KMar 24, 20230001104659-23-036588
    EDGAR
  • Form 1-UMar 14, 20230001104659-23-031918
    EDGAR
  • Form 253G2Jan 5, 20230001104659-23-001047
    EDGAR
  • Form 253G2Dec 29, 20220001104659-22-130639
    EDGAR
  • Form 1-SASep 23, 20220001104659-22-102709
    EDGAR
Source: ManualCIK 0001756014DEShare price $0.75

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.