Crowdonomics
All companies
ElliptiGO logo

ElliptiGO

Operating

PT Motion Works, Inc.

Sports & Recreation · Solana Beach, CA

Own a piece of ElliptiGO, the leading provider of elliptical and stand-up bicycles around the world. This is your chance to invest in the next big category of outdoor fitness and recreation with an established company that has already generated more than $45 million in sales.

Post-money valuation ⓘ
$34.6M
As of Mar 2020 · from Reg CF Offering (2020) · pre-money + amount raised, not a traded price
Total raised
$7,006,585
Crowd $1.6M · Private $5.4M · 11 rounds since 2009
Latest share price
$7.00
Reg CF · Series D-3 Preferred Non-Voting Stock · Jan 2020 offering price

Financials

FY2014–FY2021 · from SEC filings · hover any figure for its source
$5.2M
−$591K
2014
$5.1M
−$764K
2015
$5.9M
$1.5M
2016
$4.9M
−$1.4M
2017
$4.6M
−$718K
2018
$3.4M
−$723K
2019
$7.6M
$1.3M
2020
$7.1M
−$369K
2021
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2014 reviewed*
FY2015 unaudited
FY2016 unaudited
FY2017
FY2018
FY2019
FY2020
FY2021
Income statement
Revenue
$5,167,060
$5,145,449
$5,891,779
$4,871,832
$4,642,737
$3,373,737
$7,563,676
$7,106,988
Cost of goods sold
$3,116,703
$2,912,135
$3,391,651
$2,967,331
$2,784,088
$1,798,185
$3,595,164
$3,863,823
Gross margin
40%
43%
42%
39%
40%
47%
52%
46%
Net income
-$590,973
-$764,388
$1,490,832
-$1,425,806
-$717,811
-$723,103
$1,331,832
-$369,331
Taxes paid
$0
$0
$0
$0
$0
$0
$8,170
$10,670
Balance sheet
Cash
$2,351,296
$2,318,230
$755,021
$1,340,960
$1,007,895
$678,152
$3,206,457
$1,528,965
Accounts receivable
$233,544
$483,380
$250,740
$152,359
$101,486
$37,693
$256,380
$439,528
Total assets
$3,818,683
$4,241,696
$2,808,834
$2,951,612
$2,285,987
$1,898,717
$4,108,311
$3,533,485
Short-term debt
$4,938
$9,537
$1,017,299
$28,167
$14,237
$378,295
$55,000
$55,000
Long-term debt
$16,638
$1,025,567
$46,063
$17,889
$13,919
$4,035
$219,600
$0
Total liabilities
$21,576
$1,035,104
$1,063,362
$46,056
$28,156
$382,330
$274,600
$55,000
Other
Headcount
—
23
23
17
17
12
—
13

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
$34.1M
pre-money
Reg CF · Series D-3 Preferred Non-Voting · Jan 2020

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

Share price over rounds

$7.00$3.50$6.25
Aug 2014Jan 2020
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, and each class is drawn as its own line.

Cap table

Principal holders% as the filing states it, Apr 29, 2022

  • Brent Teal1,050,000 Common Stock23.1%of votes
  • Bryan Pate950,000 Common Stock20.9%of votes

Sold to the crowd

  • Reg CF · Jan 2017153,846 Series D-1 Preferred Participating Non-Voting Stock at $6.50$1M· 525 investors
  • Reg CF · Jan 202080,763 Series D-3 Preferred Non-Voting Stock at $7.00$565.3K· 286 investors

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 $760K
Raised $565.3K / $1.1MInvestors 286Post-money $34.6M
Raised $1.7M
Raised $1M / $1MInvestors 525
Raised $1MInvestors 15
Raised $420KInvestors 9
Raised $510KInvestors 9

Team

1 person
Bryan Pate
CEO, Principal Executive Officer and Director, Principal Financial Officer and Principal Accounting Officer

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

Reg CF annual-report compliance

Not requiredFiled Form C-TR (terminated reporting)

Filed 6 of 10 annual reports (FY2016–FY2025)

525 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 DJun 1, 20260001478263-26-000004
    EDGAR
  • Form DJun 1, 20260001478263-26-000003
    EDGAR
  • Form C-TRMay 4, 20220001478263-22-000006
    EDGAR
  • Form C-ARApr 29, 20220001478263-22-000004
    EDGAR
  • Form C-ARApr 30, 20210001478263-21-000001
    EDGAR
  • Form C-ARMay 26, 20200001478263-20-000003
    EDGAR
  • Form C-UMar 6, 20200001665160-20-000202
    EDGAR
  • Form CJan 10, 20200001665160-20-000028
    EDGAR
Source: SEC EDGARCIK 0001478263DEShare price $7.00Last synced Aug 17, 2026

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.