United States Securities and Exchange Commission · EDGAR Accession 0001062993-25-016391

Form C-U

Offering Progress Update — Regulation Crowdfunding
Campaign file 020-35476
Issuer CIK 1674153
Raising via Wefunder Portal LLC

Tap Systems Inc.

CorporationDEIncorporated 2015PASADENA, CAtapwithus.com
Progress updateAs of May 8, 2025, the offering has been completed and is now closed. The issuer has raised a total of $198,530 through the offering, resulting in the sale of 65,404 shares of common stock to investors.
A

The Offering

as disclosed in this filing
Common Stock
$4.00
$150,000
$4,390,834
April 30, 2025
Expired 410 days ago
$0max $4,390,834

Target is 3% of the maximum. Over-subscriptions accepted.

B

Financial Condition

two fiscal years, as filed
Revenue +50% YoYBurn increasingDebt / assets 894%10 employees
Line itemMost recent FYPrior FYΔ
Revenue534,204356,522▲ 50%
Cost of goods sold399,233115,830▲ 245%
Net income(2,567,649)(1,788,861)▼ burn
Total assets1,030,413740,949▲ 39%
Cash & equivalents328,157417,532▼ 21%
Accounts receivable00
Short-term debt631,383495,052▲ 28%
Long-term debt8,578,9155,813,385▲ 48%
Taxes paid(25,269)(16,122)▼ 57%

Figures in USD as reported by the issuer. Securities offered in all 50 states.

C

Campaign Timeline

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