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Shark Wheel

Raising nowOperating

Shark Wheel, Inc.

Agriculture · Lake Forest, CA

Reinventing the wheel

Raising nowRaising now on Highlander (formerly PicMii)

This company has an open fundraising round.

$172K raised143 days left
View the live round
Post-money valuation ⓘ
$43.7M
As of Jan 2023 · from Reg CF Offering (2022) · pre-money + amount raised, not a traded price
Total raised
$4,823,706
Crowd $3.7M · Private $1.1M · 12 rounds since 2014
Latest share price
$2.29
Reg CF · Common Stock · Jun 2022 offering price

Financials

FY2015–FY2025 · from SEC filings · hover any figure for its source
$612K
−$993K
2018
$1.1M
−$1.8M
2019
$2.5M
−$778K
2020
$1.8M
−$1.3M
2021
$2.2M
−$1.1M
2022
$5.4M
−$869K
2023
$3.8M
−$1.3M
2024
$1.7M
−$1.4M
2025
RevenueNet income — beside revenue when positive, below the line when a loss

Chart shows the most recent 8 fiscal years; 3 earlier years are in the table below.

Metric
FY2015 reviewed*
FY2016 reviewed*
FY2017
FY2018 audited
FY2019 audited
FY2020
FY2021
FY2022
FY2023
FY2024 audited
FY2025 audited
Income statement
Revenue
$541,696
$708,820
$708,820
$611,690
$1,130,726
$2,468,579
$1,828,878
$2,199,706
$5,353,942
$3,804,010
$1,719,392
Cost of goods sold
$298,469
$313,314
$313,314
$412,667
$635,767
$1,497,454
$1,179,068
$1,533,853
$3,748,523
$3,337,721
$1,354,387
Gross margin
45%
56%
56%
33%
44%
39%
36%
30%
30%
12%
21%
Net income
-$434,788
-$534,910
$0
-$992,571
-$1,820,680
-$778,408
-$1,340,761
-$1,061,141
-$868,881
-$1,290,947
-$1,371,464
Taxes paid
$6,191
$15,652
$15,652
$7,575
$25,608
$23,157
$26,755
$0
$0
$0
$0
Balance sheet
Cash
$76,624
$233,640
$233,640
$247,545
$289,281
$399,968
$402,824
$553,046
$278,600
$198,326
$546,580
Accounts receivable
$7,797
$4,138
$4,138
$2,335,180
$142,364
$92
$3,336,995
$140,019
$601,710
$63,456
$38,612
Total assets
$217,741
$162,718
$162,718
$1,489,554
$662,016
$933,810
$1,374,789
$2,681,400
$3,459,087
$2,312,953
$1,821,064
Short-term debt
$702,529
$55,369
$55,369
$74,096
$139,962
$3,056,776
$143,826
$1,815,272
$651,599
$11,245
$1,985,047
Long-term debt
$0
$0
$0
$2,135,089
$0
$1,918,201
$5,232,913
$0
$0
$1,051,599
$70,000
Total liabilities
$702,529
$55,369
$55,369
$2,209,185
$139,962
$4,974,977
$5,376,739
$1,815,272
$651,599
$1,062,844
$2,055,047
Other
Headcount
—
11
4
4
4
10
8
2
2
2
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
$15.0M
pre-money
$15.0M
pre-money
$30.0M
pre-money
$34.9M
pre-money
$40.4M
pre-money
$42.9M
pre-money
Reg CF · Common · Jul 2017
Reg CF · Class C Common · Jan 2019
Reg CF · Common · Nov 2019
Reg CF · Common · Nov 2020
Reg CF · Common · Jul 2021
Reg CF · Common · Jun 2022

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

Share price over rounds

log scale
$1,219.5122$34.9215$1.00
Feb 2015Jun 2022
Round offering price or verified disclosed saleDisclosed sale, unverified or year-onlyDown round · Jul 2017 (-99.9%)

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, Sep 8, 2026

  • Gary Fleishman3,768,888 Class A Common Stock50.0%of votes

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

Reg CF · Convertible Note · Sep 2026Openvia Highlander (formerly PicMii)
Raised $171.6K / $4.3M
Raised $0 / $5M
Raised $401.2K / $1.8MInvestors 400Post-money $43.7M
Raised $962.6K / $4.5MInvestors 812Post-money $41.4M
Raised $535.4K / $528.7KInvestors 625Post-money $35.4M
Raised $593.5K / $541.3KInvestors 766Post-money $30.6M
Raised $528.7K / $535KInvestors 456Post-money $15.5M
Raised $528.8K / $1MInvestors 588Post-money $15.6M

Team

13 people
David PatrickFounder
Consultant

David reinvented the wheel. Literally. David started two highly successful companies multi-million dollar companies from the ground up. Shark Wheel is David's third startup company that was born from his groundbreaking scientific discovery. Full time worker.

Gary FleishmanFounder
President & Director

Gary has management and business expertise in running companies for over 35 years. He has served as the Senior Vice-President & Regional Manager for the world’s largest real estate company, Coldwell Banker. Gary does not take a salary from Shark Wheel and only works intermittently. He is involved in high-level Shark Wheel dealings. 1 hour per week.

Zack FleishmanFounder
Chief Executive Officer, Director & Secretary

A former ATP Tour pro player for 10 years. No stranger to hard work, sacrifice and success. He handles all day-to-day business duties, including patents, business development, licensing deals and much more. Full time worker.

Max Gray
Fractional CFO

Max has extensive experience in running large finance teams, managing budgeting and forecasting processes, owning reporting suites, M&A (acquisitions ranging from $1M to $100M, and SPAC mergers), due diligence, and more. Max works roughly 6 hours per week for the company.

David Patrick Jr.
Wholesale Consultant

David manages wholesale and distributor orders at Shark Wheel. He also works directly with retail shops and international businesses to procure orders and fulfill their inventory needs. Part-time worker.

Donna Thompson
Bookkeeper

Donna Thompson has offered bookkeeping services since 1988. She services a wide range of small businesses from sporting goods companies to clinical trials companies to medical / wellness companies as well as Non-Profit entities. Donna’s signature motto is “our number one goal is to keep our customers for life”. She prides herself in relationship building and has worked with her largest client since 1991. Donna volunteers yearly for Volunteer Income Tax Assistance (VITA) and AARP as a tax preparer. She holds a Federal Personal Tax Identification Number (PTIN) to prepare taxes and is in good standing with California Tax Education Council. Donna is a member of National Association of Certified Public Bookkeepers.

Istvan Fazekas
Graphic Design

Graphic Designer with 20 Years of Experience Masters degree in Computer Science, Masters degree in Leadership and Management Expert in 3D modeling and visualization Eddie is a great asset to the Shark Wheel team. Full time worker.

Jack Schaefer
Warehouse Operations

Jack is involved with shipping and receiving at Shark Wheel. Jack also builds out skateboards and manages shipping for every order. He also maintains inventory controls and other warehouse duties. Full time worker.

Patrice Crenshaw
Executive Assistant

Executive Assistant to CEO, providing administrative support through research for manufacturer sourcing, procurement, B2B and logistics. Other duties include project management, eCommerce, data management, sourcing and customer relations. Full time worker.

Show 4 more people
Todd Smith
Mechanical Engineer/CAD

Mechanical Engineer with over 20 years of seasoned and successful professional experience. He has designed many different products moving these designs from concept to production for innovators, startups and established companies. Professional degreed mechanical design engineer with an MBA. Experienced as a technical lead with in house designs, ODM, and OEM, as well as partnership designs. Todd’s experience includes high volume production design, concept designs, reference designs, and validation tool design. Part time worker, roughly 3 hours per week.

Nicole Ifcher
Advisor

Highly motivated and innovative Anderson MBA marketing leader with 15+ yrs experience in consumer products including health & beauty, social media and international assignments. Proven record of driving superior results for global brands. Nicole is available for consulting hours, but does not have a set amount of part-time work she allocates to the company.

Professor Mark Alpert
Advisor

Professor Alpert’s current position is Foley's Professorship in Retailing, Department of Marketing Administration, Graduate School of Business, The University of Texas at Austin. Professor Alpert has been featured in dozens of academic books. Professor Alpert is available for consulting hours, but does not have a set amount of part-time work he allocates to the company.

Steven Maizes
Advisor

Steven works on a wide variety of business development topics including: product distribution, licensing deals, contract negotiations, marketing, financing opportunities and overall global company strategy. Steven is available for consulting hours, but does not have a set amount of part-time work he allocates to the company.

Names and titles as disclosed on StartEngine, 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 9 of 9 annual reports (FY2017–FY2025)

812 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 CSep 22, 20260001709539-26-000002
    EDGAR
  • Form C-ARSep 8, 20260001709539-26-000001
    EDGAR
  • Form COct 9, 20250001709539-25-000004
    EDGAR
  • Form C-ARJun 17, 20250001709539-25-000003
    EDGAR
  • Form C-ARApr 30, 20240001709539-24-000003
    EDGAR
  • Form C-ARApr 27, 20230001709539-23-000002
    EDGAR
  • Form C-UJan 31, 20230001665160-23-000161
    EDGAR
  • Form C/AJan 5, 20230001665160-23-000022
    EDGAR
Source: ManualCIK 0001709539DEShare price $2.29

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.