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Navisyo

Redefining travel, lodging and realty

Financials

We have financial statements ending December 31 2020. Our cash in hand is $395,488, as of November 2021. Over the three months prior, revenues averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $62,906/month.

At a Glance

Apr 23 - Dec 31 2020
$0
Revenue
-$12,110
Net Loss
$0
Short Term Debt
$45,000
Raised in 2020
$395,488
Cash on Hand
Net Margin:
N/A
Gross Margin:
N/A
Return on Assets:
-10%
Earnings per Share:
-$0.00
Revenue per Employee:
$0
Cash to Assets:
1%
Revenue to Receivables:
~
Debt Ratio:
0%
Audited Financial Statements - Navisgo LLC DBA Navisyo 2020 v.2.pdf

Management’s Discussion and Analysis of Financial Condition and Results of Operations

You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and the related notes and other financial information included elsewhere in this offering. Some of the information contained in this discussion and analysis, including information regarding the strategy and plans for our business, includes forward-looking statements that involve risks and uncertainties. You should review the "Risk Factors" section for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.

Overview

Navisyo is dedicated to uniting new world travelers seeking affordable, authentic and safer travel experiences, with boat owners wishing to share their unique world and turn their passion into a profitable income. Navisyo’s revenue sharing boat offers include 1) Floatel stays in selected marinas, private docks or moorings, with or without the boat owners on board, 2) real-life Voyages, from point A to point B, with the boat owners, 3) Events on boats as fun alternatives to standard venues.

We intend to become a leading, open source, online platform and a globally trusted brand, who will be fully committed to giving back to marine conservation and its community members. In order to make this a reality, during the next 5 years, our aim is to deploy a maximum of Navisyo territories around the world through our Key Partner Licensing program. These projections cannot be guaranteed.

Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.

Milestones

NAVISGO LLC, DBA Navisyo was originally organized as a Florida LLC in April 2020. The company later converted to a Delaware C Corp, Navisyo Inc. on November 16, 2021.

Since then, we have:

  • In 6 months - Navisyo successfully raised over $1,070,000 during its first seed round on Wefunder
  • Over 1,200+ Investors from 50 countries around the world have backed Navisyo on Wefunder
  • Year 1 of operation scheduled to begin in Q1 2022 Navisyo projects gross annual revenue of $1.4M+ (not guaranteed)
  • The technology is LIVE in pilot territories with 250+ boat offers in Spain & Greece
  • ALL offers have been verified on site by Navisyo's Onboarding Team - "WE KNOW OUR BOAT OWNERS"
  • Navisyo rewards all of its users by sharing company revenues with its open source community
  • Recreational boating is expected to grow from $26.7 billion to $33.8 billion by 2027

Historical Results of Operations

Our company was organized in April 2020 and has limited operations upon which prospective investors may base an evaluation of its performance.

  • Revenues & Gross Margin. For the period ended December 31, 2020, the Company had revenues of $0.
  • Assets. As of December 31, 2020, the Company had total assets of $126,957.18, including $1,084.07 in cash.
  • Net Loss. The Company has had net losses of $12,109.82 for 2020.
  • Liabilities. The Company's liabilities totaled $0 for 2020.

Liquidity & Capital Resources

To-date, the company has been financed with $45,000 in equity & $1,048,090 in debt.

After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 6 months before we need to raise further capital.

We plan to use the proceeds as set forth in this Form C under "Use of Funds". We don’t have any other sources of capital in the immediate future.

We will likely require additional financing in excess of the proceeds from the Offering in order to perform operations over the lifetime of the Company. We plan to raise capital in 6 months. Except as otherwise described in this Form C, we do not have additional sources of capital other than the proceeds from the offering. Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately project whether the proceeds of this offering will be sufficient to enable us to implement our strategy. This complexity and uncertainty will be increased if less than the maximum amount of securities offered in this offering is sold. The Company intends to raise additional capital in the future from investors. Although capital may be available for early-stage companies, there is no guarantee that the Company will receive any investments from investors.

Runway & Short/Mid Term Expenses

NAVISYO INC cash in hand is $395,488, as of November 2021. Over the last three months, revenues have averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $62,906/month, for an average burn rate of $62,906 per month. Our intent is to be profitable in 6 months.

We have converted from an LLC Florida company to a Delaware C Corporation registered to do business in Florida. This was prepared and filed by a top law firm specializing in conversions. We also have set up a compliance officer within our company who is an attorney. We have added two new segments of business within our company that will result in revenues as early as Q2 of 2022. 

In 6-8 months we expect to generate gross revenues $1.5-2.4M and expenses and costs between $1.1M and $1.7. We already have funds to become revenue generating.

No, we are pre-revenue. We have sufficient funding as of to achieve profitability. This profitability is scheduled to be achieved within 6-8 months. Raising this priced round will offer us the ability to increase our gross revenues to 3-4M.

Forward-looking projections cannot be guaranteed.

We already successfully raised enough funds to cover up Q3 of 2022. I have access to current investors who can front additional funds if needed. The short-term burn is covered by existing funds in Navisyo's accounts. 

Risks

1

Future emerging technologies, markets and competitive ventures, in both the travel and boating industries, will need to be carefully monitored. Failing to identify these or keep up to date, by not adapting our marketplace to up-and-coming trends, could weaken our brand image and credibility thus hindering our overall growth and development.

2

Our future success depends on the efforts of a small management team. The loss of services of the members of the management team may have an adverse effect on the company. There can be no assurance that we will be successful in attracting and retaining other personnel we require to successfully grow our business.

3

Our goal is to influence and change the world’s perception that boats are inaccessible to the average paid traveler. If the public fails to grasp our concept and all of it’s financial advantages by believing that we are one more, of the many, online brokerage platforms, then we will definitely struggle, in jump starting our Ambassador program and developing our online community.


Other Disclosures

The Board of Directors

Director Occupation Joined
Patrick Moyal Financial Director @ Moyal Accounting 2020
Alexandre Guignard CEO @ Navisyo 2020
Seth Schlessel Attorney @ Schlessel Law 2021

Officers

Officer Title Joined
Alexandre Guignard CEO   2020
Lucie Slavikova Secretary   2020
Patrick Moyal CFO   2021

Voting Power

Holder Securities Held Voting
Alexandre Guignard 6,940,000 Class A Common 75.8%
Lucie Slavikova 2,000,000 Class A Common 21.8%

Past Fundraises

Date Security Amount
04/2022 Priced Round $511,745
10/2021 Revenue Share $1,048,090
12/2020 Priced Round $5,000
11/2020 Priced Round $20,000
05/2020 Priced Round $20,000

Outstanding Debts

None.

Related Party Transactions

The founder has invested $94,067 in the business to date. There were no terms or repayment provisions attached to the capital injected.

Use of Funds

$100,001 20% marketing: online PR (including Influencer outreach) - Search engine optimization (SEO & organic search) - Social media marketing - Targeted marketing campaign using opted-in GPS data received from smartphones, 30% towards salaries, 30% Development of two new business segment soon to be unveil in Q1 2022,  13.5% towards Global Insurance Coverage for the Year - Cyber - PL - Digital, 6.5% towards Wefunder fees. 

$2,499,999 20% marketing: online PR (including Influencer outreach) - Search engine optimization (SEO & organic search) - Social media marketing - Targeted marketing campaign using opted-in GPS data received from smartphones, 10% Exhibitions, 25% towards salaries, 5% Completion of our mobile version + iOS + Android App, 1% Customer Support outsourcing Solution, 5% IT improvement, 2.5% Financial Auditing Solutions, 5% Legal oversight & Compliance,  20% towards  rewards integration, 6.5% towards Wefunder fees. 

Capital Structure

Class of Security Securities
(or Amount)
Authorized
Securities
(or Amount)
Outstanding
Class B Common 50,000,000 840,000
Class A Common 50,000,000 9,160,000

Form C Filing on EDGAR

The Securities and Exchange Commission hosts the official Form C on their EDGAR web site.

Details