About
Tap is a one-handed, Bluetooth wearable keyboard that types characters on your device when you tap your fingers on any surface. Tap lets you communicate with the world by associating various tapping combinations with each letter of the alphabet. Easy to learn, ergonomic and fashionable. Visit https://www.tapwithus.com to learn more.
- Pasadena, United States of America
- Legal Name: Tap Systems INC.
- Company ID: 47-3028578
- Year Founded: 2015
- Industry: Electrical/Electronic Manufacturing
- Website: https://www.tapwithus.com
- SEC Filings
Highlights
$65.2M
CF Valuation
$618.9K
Total Raised
$534.2K
Revenue
10
Employees
Indicators
Profit Margin
-480.6%
(21.2%)
2023: -501.8%
Current Ratio
1.63
(8.7%)
2023: 1.5
Revenue Growth
Financials
| INCOME STATEMENT | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|---|
| Revenue | $534,204 | $534,204 | $356,522 | $705,434 | $885,346 | $1,315,132 | $760,892 | -30% |
| Cost of Goods Sold | -$399,233 | -$399,233 | -$115,830 | -$206,795 | -$553,845 | -$681,984 | -$271,771 | 47% |
| Gross Profit | $134,971 | $134,971 | $240,692 | $498,639 | $331,501 | $633,148 | $489,121 | -72% |
| Other Costs | -$2,727,889 | -$2,677,351 | -$2,013,431 | -$2,120,992 | -$2,235,776 | -$3,225,494 | -$2,350,732 | 16% |
| Taxes Paid | $25,269 | -$25,269 | -$16,122 | -$21,887 | -$20,230 | $0 | $0 | -225% |
| Net Income | -$2,567,649 | -$2,567,649 | -$1,788,861 | -$1,644,240 | -$1,924,505 | -$2,592,346 | -$1,861,611 | 38% |
| BALANCE SHEET | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|---|
| Cash | $328,157 | $328,157 | $417,532 | $424,689 | $282,590 | $757,235 | $354,031 | -7% |
| Accounts Receivable | $0 | $249 | $0 | $0 | $1,238 | $5,748 | $0 | -100% |
| Total Liquidity | $328,157 | $328,406 | $417,532 | $424,689 | $283,828 | $762,983 | $354,031 | -7% |
| Other Assets | $702,256 | $702,007 | $323,417 | $276,316 | $404,239 | $2,360,793 | $2,506,704 | -72% |
| Total Assets | $1,030,413 | $1,030,413 | $740,949 | $701,005 | $688,067 | $3,123,776 | $2,860,735 | -64% |
| Short Term debt | $631,383 | $631,383 | $495,052 | $662,075 | $755,178 | $5,596,717 | $4,501,858 | -86% |
| Long Term debt | $8,578,915 | $8,578,915 | $5,813,385 | $6,129,869 | $5,363,027 | $275,000 | $275,000 | 3,020% |
| Total Debt | $9,210,298 | $9,210,298 | $6,308,437 | $6,791,944 | $6,118,205 | $5,871,717 | $4,776,858 | 93% |
| Other Liabilities | -$8,179,885 | -$8,179,885 | -$5,567,488 | -$6,090,939 | -$5,430,138 | -$2,747,941 | -$1,916,123 | 327% |
| Total Liabilities | $1,030,413 | $1,030,413 | $740,949 | $701,005 | $688,067 | $3,123,776 | $2,860,735 | -64% |
Revenue Growth
Employee Growth
Valuation Growth
Financials
| INCOME STATEMENT | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|---|
| Revenue | $534,204 | $534,204 | $356,522 | $705,434 | $885,346 | $1,315,132 | $760,892 | -30% |
| Cost of Goods Sold | -$399,233 | -$399,233 | -$115,830 | -$206,795 | -$553,845 | -$681,984 | -$271,771 | 47% |
| Gross Profit | $134,971 | $134,971 | $240,692 | $498,639 | $331,501 | $633,148 | $489,121 | -72% |
| Other Costs | -$2,727,889 | -$2,677,351 | -$2,013,431 | -$2,120,992 | -$2,235,776 | -$3,225,494 | -$2,350,732 | 16% |
| Taxes Paid | $25,269 | -$25,269 | -$16,122 | -$21,887 | -$20,230 | $0 | $0 | -225% |
| Net Income | -$2,567,649 | -$2,567,649 | -$1,788,861 | -$1,644,240 | -$1,924,505 | -$2,592,346 | -$1,861,611 | 38% |
| BALANCE SHEET | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|---|
| Cash | $328,157 | $328,157 | $417,532 | $424,689 | $282,590 | $757,235 | $354,031 | -7% |
| Accounts Receivable | $0 | $249 | $0 | $0 | $1,238 | $5,748 | $0 | -100% |
| Total Liquidity | $328,157 | $328,406 | $417,532 | $424,689 | $283,828 | $762,983 | $354,031 | -7% |
| Other Assets | $702,256 | $702,007 | $323,417 | $276,316 | $404,239 | $2,360,793 | $2,506,704 | -72% |
| Total Assets | $1,030,413 | $1,030,413 | $740,949 | $701,005 | $688,067 | $3,123,776 | $2,860,735 | -64% |
| Short Term debt | $631,383 | $631,383 | $495,052 | $662,075 | $755,178 | $5,596,717 | $4,501,858 | -86% |
| Long Term debt | $8,578,915 | $8,578,915 | $5,813,385 | $6,129,869 | $5,363,027 | $275,000 | $275,000 | 3,020% |
| Total Debt | $9,210,298 | $9,210,298 | $6,308,437 | $6,791,944 | $6,118,205 | $5,871,717 | $4,776,858 | 93% |
| Other Liabilities | -$8,179,885 | -$8,179,885 | -$5,567,488 | -$6,090,939 | -$5,430,138 | -$2,747,941 | -$1,916,123 | 327% |
| Total Liabilities | $1,030,413 | $1,030,413 | $740,949 | $701,005 | $688,067 | $3,123,776 | $2,860,735 | -64% |
| INCOME STATEMENT | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|---|
| Revenue | $534,204 | $534,204 | $356,522 | $705,434 | $885,346 | $1,315,132 | $760,892 | -30% |
| Cost of Goods Sold | -$399,233 | -$399,233 | -$115,830 | -$206,795 | -$553,845 | -$681,984 | -$271,771 | 47% |
| Gross Profit | $134,971 | $134,971 | $240,692 | $498,639 | $331,501 | $633,148 | $489,121 | -72% |
| Other Costs | -$2,727,889 | -$2,677,351 | -$2,013,431 | -$2,120,992 | -$2,235,776 | -$3,225,494 | -$2,350,732 | 16% |
| Taxes Paid | $25,269 | -$25,269 | -$16,122 | -$21,887 | -$20,230 | $0 | $0 | -225% |
| Net Income | -$2,567,649 | -$2,567,649 | -$1,788,861 | -$1,644,240 | -$1,924,505 | -$2,592,346 | -$1,861,611 | 38% |
| BALANCE SHEET | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|---|
| Cash | $328,157 | $328,157 | $417,532 | $424,689 | $282,590 | $757,235 | $354,031 | -7% |
| Accounts Receivable | $0 | $249 | $0 | $0 | $1,238 | $5,748 | $0 | -100% |
| Total Liquidity | $328,157 | $328,406 | $417,532 | $424,689 | $283,828 | $762,983 | $354,031 | -7% |
| Other Assets | $702,256 | $702,007 | $323,417 | $276,316 | $404,239 | $2,360,793 | $2,506,704 | -72% |
| Total Assets | $1,030,413 | $1,030,413 | $740,949 | $701,005 | $688,067 | $3,123,776 | $2,860,735 | -64% |
| Short Term debt | $631,383 | $631,383 | $495,052 | $662,075 | $755,178 | $5,596,717 | $4,501,858 | -86% |
| Long Term debt | $8,578,915 | $8,578,915 | $5,813,385 | $6,129,869 | $5,363,027 | $275,000 | $275,000 | 3,020% |
| Total Debt | $9,210,298 | $9,210,298 | $6,308,437 | $6,791,944 | $6,118,205 | $5,871,717 | $4,776,858 | 93% |
| Other Liabilities | -$8,179,885 | -$8,179,885 | -$5,567,488 | -$6,090,939 | -$5,430,138 | -$2,747,941 | -$1,916,123 | 327% |
| Total Liabilities | $1,030,413 | $1,030,413 | $740,949 | $701,005 | $688,067 | $3,123,776 | $2,860,735 | -64% |
| INCOME STATEMENT | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|---|
| Revenue | $534,204 | $534,204 | $356,522 | $705,434 | $885,346 | $1,315,132 | $760,892 | -30% |
| Cost of Goods Sold | -$399,233 | -$399,233 | -$115,830 | -$206,795 | -$553,845 | -$681,984 | -$271,771 | 47% |
| Gross Profit | $134,971 | $134,971 | $240,692 | $498,639 | $331,501 | $633,148 | $489,121 | -72% |
| Other Costs | -$2,727,889 | -$2,677,351 | -$2,013,431 | -$2,120,992 | -$2,235,776 | -$3,225,494 | -$2,350,732 | 16% |
| Taxes Paid | $25,269 | -$25,269 | -$16,122 | -$21,887 | -$20,230 | $0 | $0 | -225% |
| Net Income | -$2,567,649 | -$2,567,649 | -$1,788,861 | -$1,644,240 | -$1,924,505 | -$2,592,346 | -$1,861,611 | 38% |
| BALANCE SHEET | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|---|
| Cash | $328,157 | $328,157 | $417,532 | $424,689 | $282,590 | $757,235 | $354,031 | -7% |
| Accounts Receivable | $0 | $249 | $0 | $0 | $1,238 | $5,748 | $0 | -100% |
| Total Liquidity | $328,157 | $328,406 | $417,532 | $424,689 | $283,828 | $762,983 | $354,031 | -7% |
| Other Assets | $702,256 | $702,007 | $323,417 | $276,316 | $404,239 | $2,360,793 | $2,506,704 | -72% |
| Total Assets | $1,030,413 | $1,030,413 | $740,949 | $701,005 | $688,067 | $3,123,776 | $2,860,735 | -64% |
| Short Term debt | $631,383 | $631,383 | $495,052 | $662,075 | $755,178 | $5,596,717 | $4,501,858 | -86% |
| Long Term debt | $8,578,915 | $8,578,915 | $5,813,385 | $6,129,869 | $5,363,027 | $275,000 | $275,000 | 3,020% |
| Total Debt | $9,210,298 | $9,210,298 | $6,308,437 | $6,791,944 | $6,118,205 | $5,871,717 | $4,776,858 | 93% |
| Other Liabilities | -$8,179,885 | -$8,179,885 | -$5,567,488 | -$6,090,939 | -$5,430,138 | -$2,747,941 | -$1,916,123 | 327% |
| Total Liabilities | $1,030,413 | $1,030,413 | $740,949 | $701,005 | $688,067 | $3,123,776 | $2,860,735 | -64% |
| INCOME STATEMENT | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|---|
| Revenue | $534,204 | $534,204 | $356,522 | $705,434 | $885,346 | $1,315,132 | $760,892 | -30% |
| Cost of Goods Sold | -$399,233 | -$399,233 | -$115,830 | -$206,795 | -$553,845 | -$681,984 | -$271,771 | 47% |
| Gross Profit | $134,971 | $134,971 | $240,692 | $498,639 | $331,501 | $633,148 | $489,121 | -72% |
| Other Costs | -$2,727,889 | -$2,677,351 | -$2,013,431 | -$2,120,992 | -$2,235,776 | -$3,225,494 | -$2,350,732 | 16% |
| Taxes Paid | $25,269 | -$25,269 | -$16,122 | -$21,887 | -$20,230 | $0 | $0 | -225% |
| Net Income | -$2,567,649 | -$2,567,649 | -$1,788,861 | -$1,644,240 | -$1,924,505 | -$2,592,346 | -$1,861,611 | 38% |
| BALANCE SHEET | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|---|
| Cash | $328,157 | $328,157 | $417,532 | $424,689 | $282,590 | $757,235 | $354,031 | -7% |
| Accounts Receivable | $0 | $249 | $0 | $0 | $1,238 | $5,748 | $0 | -100% |
| Total Liquidity | $328,157 | $328,406 | $417,532 | $424,689 | $283,828 | $762,983 | $354,031 | -7% |
| Other Assets | $702,256 | $702,007 | $323,417 | $276,316 | $404,239 | $2,360,793 | $2,506,704 | -72% |
| Total Assets | $1,030,413 | $1,030,413 | $740,949 | $701,005 | $688,067 | $3,123,776 | $2,860,735 | -64% |
| Short Term debt | $631,383 | $631,383 | $495,052 | $662,075 | $755,178 | $5,596,717 | $4,501,858 | -86% |
| Long Term debt | $8,578,915 | $8,578,915 | $5,813,385 | $6,129,869 | $5,363,027 | $275,000 | $275,000 | 3,020% |
| Total Debt | $9,210,298 | $9,210,298 | $6,308,437 | $6,791,944 | $6,118,205 | $5,871,717 | $4,776,858 | 93% |
| Other Liabilities | -$8,179,885 | -$8,179,885 | -$5,567,488 | -$6,090,939 | -$5,430,138 | -$2,747,941 | -$1,916,123 | 327% |
| Total Liabilities | $1,030,413 | $1,030,413 | $740,949 | $701,005 | $688,067 | $3,123,776 | $2,860,735 | -64% |
| INCOME STATEMENT | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|---|
| Revenue | $534,204 | $534,204 | $356,522 | $705,434 | $885,346 | $1,315,132 | $760,892 | -30% |
| Cost of Goods Sold | -$399,233 | -$399,233 | -$115,830 | -$206,795 | -$553,845 | -$681,984 | -$271,771 | 47% |
| Gross Profit | $134,971 | $134,971 | $240,692 | $498,639 | $331,501 | $633,148 | $489,121 | -72% |
| Other Costs | -$2,727,889 | -$2,677,351 | -$2,013,431 | -$2,120,992 | -$2,235,776 | -$3,225,494 | -$2,350,732 | 16% |
| Taxes Paid | $25,269 | -$25,269 | -$16,122 | -$21,887 | -$20,230 | $0 | $0 | -225% |
| Net Income | -$2,567,649 | -$2,567,649 | -$1,788,861 | -$1,644,240 | -$1,924,505 | -$2,592,346 | -$1,861,611 | 38% |
| BALANCE SHEET | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|---|
| Cash | $328,157 | $328,157 | $417,532 | $424,689 | $282,590 | $757,235 | $354,031 | -7% |
| Accounts Receivable | $0 | $249 | $0 | $0 | $1,238 | $5,748 | $0 | -100% |
| Total Liquidity | $328,157 | $328,406 | $417,532 | $424,689 | $283,828 | $762,983 | $354,031 | -7% |
| Other Assets | $702,256 | $702,007 | $323,417 | $276,316 | $404,239 | $2,360,793 | $2,506,704 | -72% |
| Total Assets | $1,030,413 | $1,030,413 | $740,949 | $701,005 | $688,067 | $3,123,776 | $2,860,735 | -64% |
| Short Term debt | $631,383 | $631,383 | $495,052 | $662,075 | $755,178 | $5,596,717 | $4,501,858 | -86% |
| Long Term debt | $8,578,915 | $8,578,915 | $5,813,385 | $6,129,869 | $5,363,027 | $275,000 | $275,000 | 3,020% |
| Total Debt | $9,210,298 | $9,210,298 | $6,308,437 | $6,791,944 | $6,118,205 | $5,871,717 | $4,776,858 | 93% |
| Other Liabilities | -$8,179,885 | -$8,179,885 | -$5,567,488 | -$6,090,939 | -$5,430,138 | -$2,747,941 | -$1,916,123 | 327% |
| Total Liabilities | $1,030,413 | $1,030,413 | $740,949 | $701,005 | $688,067 | $3,123,776 | $2,860,735 | -64% |
Indicators
Profit Margin
-480.6%
(21.2%)
2023: -501.8%
Current Ratio
1.63
(8.7%)
2023: 1.5
Efficiency Ratio
74.7%
(129.8%)
2023: 32.5%
Key figures
| INCOME STATEMENT | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Revenue Growth | 50% | 50% | -50% | -20% | -32% | 73% | ∞ |
| Profit Margin | -481% | -481% | -502% | -233% | -217% | -197% | -245% |
| Current Ratio | 2% | 2% | 2% | 1% | 1% | 1% | 1% |
| Efficiency Ratio | 75% | 75% | 32% | 29% | 63% | 52% | 36% |
| Solvency Ratio | -28% | -28% | -28% | -24% | -32% | -44% | -39% |
| Debt Ratio | 894% | 894% | 851% | 969% | 889% | 188% | 167% |
Funding History
1 Funding Round
$618,891Total Raised
$65,243,778CF Valuation
—Valuation Growth
| ROUND | STATUS | CLOSE DATE | RAISED | PLATFORM | SECURITY | TERMS | GROWTH | REGULATION | DAYS OPEN | START DATE |
|---|---|---|---|---|---|---|---|---|---|---|
1. Closed | Closed | Apr 30, 2025 | $618,891 | Wefunder | Equity | $65M valuation | — | SEC Reg CF | 370 days | Apr 25, 2024 |
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