{"data":{"type":"company_profile","id":26140,"entity_id":"wefunder:company:26140","attributes":{"canonical_url":"https://wefunder.com/omnipad.company","generated_at":"2026-06-13T11:09:03Z","updated_at":"2026-06-13T05:00:11Z","entity_ids":{"company":"wefunder:company:26140","slug":"wefunder:company_slug:omnipad.company"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-13T11:09:03Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-13T05:00:11Z","as_of":"2026-06-13T11:09:03Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-13T05:00:11Z","as_of":"2026-06-13T11:09:03Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2026-05-16T22:14:16Z","as_of":"2026-06-13T11:09:03Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2026-05-16T22:14:16Z","as_of":"2026-06-13T11:09:03Z","confidence":"medium"}}},"company":{"id":26140,"entity_id":"wefunder:company:26140","slug":"omnipad.company","name":"OmniPad Company","tagline":"The Ultimate Solution for 360° Virtual Reality Gaming, Training, \u0026 Exercise","elevator_pitch":"The OmniPad is a continuous revolving circular tread-driven omnidirectional treadmill that operates like a conventional treadmill, with the added advantage of allowing the user to naturally walk, run, or jog in any direction. 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Omnidirectional Treadmill WeFunder Campaign Closing on Tuesday!","preview":"Take a relaxing\u0026nbsp;walk through an enchanted forrest - In your office!The time is\u0026nbsp;NOW\u0026nbsp;\u003c Click here to invest.WE WANT TO THANK ALL OF OUR INVESTORS FOR THEIR PASSION AND FOR THEIR\u0026nbsp;INCREDIBLE SUPPORT!","published_at":"2019-04-29T08:47:39Z","author_name":"Neil Epstein","url":"/feed/114828","canonical_url":"https://wefunder.com/feed/114828"},{"id":114702,"entity_id":"wefunder:feed_item:114702","type":"FeedItem::Update","visibility":"public","title":"OmniPad - The Countdown Has Begun! Have Fun and Exercise at the Same Time: Chasing Dragons in Your Own Home.","preview":"OmniPad is CLOSING SOON. You have until this Tuesday, at 11:59 pm![\u003e Click Here \u003c] TO\u0026nbsp;OWN A PIECE OF THE ACTION\u003c DRAGON CHASE \u003e","published_at":"2019-04-27T05:20:06Z","author_name":"Neil Epstein","url":"/feed/114702","canonical_url":"https://wefunder.com/feed/114702"},{"id":114219,"entity_id":"wefunder:feed_item:114219","type":"FeedItem::Update","visibility":"public","title":"OMNIPAD - Closing in 7 Days!","preview":"OmniPad is Here - Move Over Peloton!RUN WITH A TIGER . . . IN ANY DIRECTION . . . IN YOUR OWN LIVING ROOM(Click Image)","published_at":"2019-04-23T05:45:43Z","author_name":"Neil Epstein","url":"/feed/114219","canonical_url":"https://wefunder.com/feed/114219"},{"id":113598,"entity_id":"wefunder:feed_item:113598","type":"FeedItem::Update","visibility":"public","title":"Move Over Peloton, Here Comes the OmniPad!","preview":"The OmniPad is the Peloton on steroids. Just have a look:\u0026nbsp;GET IN ON THE ACTION!","published_at":"2019-04-18T17:12:10Z","author_name":"Neil Epstein","url":"/feed/113598","canonical_url":"https://wefunder.com/feed/113598"},{"id":112772,"entity_id":"wefunder:feed_item:112772","type":"FeedItem::Update","visibility":"public","title":"OMNIPAD - The Time is NOW! Omnidirectional Revolving Locomotion Surface for Exercise and VR. MOVE over Peloton!","preview":"When we get the OmniPad to market, we are going after the PELOTON consumer. Everyone will love to use the OmniPad for home-based VR exercise. In the pat 6 years since its release the Peloton Company is now worth $4,000,000,000 (4 Billion) -\u0026nbsp;https://www.nytimes.com/2018/08/03/technology/pelotons-new-infusion-made-it-a-4-billion-company-in-6...\u0026nbsp;THE OMNIPAD IS BETTER!The time to invest is NOW! CLCIK HERE TO INVEST - Own a piece of the action!","published_at":"2019-04-15T03:01:31Z","author_name":"Neil Epstein","url":"/feed/112772","canonical_url":"https://wefunder.com/feed/112772"},{"id":106983,"entity_id":"wefunder:feed_item:106983","type":"FeedItem::Update","visibility":"public","title":"OmniPad - World's Only Revolving-Tread Omnidirectional Treadmill - PR News Released In Multiple Countries - France, Russia, China, Spain, Japan, etc.","preview":"https://www.etr.fr/actualite/6777-omnipad-un-nouveau-treadmill-qui-veut-votre-argent.htmlhttps://vrgeek.ru/potrebitelskaya-vr-dorozhka-omnipad-vyshla-na-kickstarter/http://www.sohu.com/a/289813049_195134http://www.ikanchai.com/article/20190117/263512.shtml","published_at":"2019-04-01T03:45:00Z","author_name":"Neil Epstein","url":"/feed/106983","canonical_url":"https://wefunder.com/feed/106983"},{"id":103848,"entity_id":"wefunder:feed_item:103848","type":"FeedItem::Update","visibility":"public","title":"VR FITNESS MAGAZINE: OmniPad Offers VR-Enabled Treadmill Experience for Gamers, Tourists, and First Responders","preview":"OWN A PIECE OF THE ACTION: WeFunder.com/OmniPad.Companyhttps://www.vrfitnessinsider.com/omnipad-offers-vr-enabled-treadmill-experience-for-gamers-tourists-...","published_at":"2019-03-27T22:27:02Z","author_name":"Neil Epstein","url":"/feed/103848","canonical_url":"https://wefunder.com/feed/103848"},{"id":103586,"entity_id":"wefunder:feed_item:103586","type":"FeedItem::Update","visibility":"public","title":"OmniPad - 360 Degree VR Treadmill - Engenders the Services of Silicon Valley ORACLE Alum, Hilary DeCesare.","preview":"INVEST NOW! - WeFunder.com/OmniPad.CompanyHilary DeCesare\u0026nbsp;is based out of Silicon Valley and is an award-winning entrepreneur, successful CEO, speaker on all aspects of launching and growing a business. She is a frequent contributor to major news outlets including ABC, CBS, Fox, Huffington Post, Hallmark and others.She is known as a ‘Master of Matches’ in both business and personal pursuits. She continues to be focused on kids, technology, and education. She is relentless about her phila...","published_at":"2019-03-26T13:24:04Z","author_name":"Neil Epstein","url":"/feed/103586","canonical_url":"https://wefunder.com/feed/103586"},{"id":103321,"entity_id":"wefunder:feed_item:103321","type":"FeedItem::Update","visibility":"public","title":"OmniPad - World's First Omnidirectional Treadmill with Circular Revolving Tread Surface - Has Magical Week on WeFunder! Business Insider News Release","preview":"We want to thank all of our wonderful investors who have contributed to the SUCCESS of the OmniPad WeFunder campaign so far. Last Thursday, WeFunder published a very complimentary article on the OmniPad, and our campaign funding increased over 30% within 3 days. We are so grateful for each and every one of our supportive investors. We are committed to making all of you very proud, and very rewarded. Check out our recent article published by Business Insider:\u0026nbsp;https://markets.businessinsid...","published_at":"2019-03-23T23:11:50Z","author_name":"Neil Epstein","url":"/feed/103321","canonical_url":"https://wefunder.com/feed/103321"},{"id":102753,"entity_id":"wefunder:feed_item:102753","type":"FeedItem::Update","visibility":"public","title":"Momentum","preview":"WeFunder momentum for the OmniPad is building quickly. We want to thank everyone who sees what we see in the magnificent potential of the OmniPad in the worldwide marketplace! SO MANY incredible applications; from exercise and gaming, all the way to VR education, sports training, eSports championships, virtual museum and tourism, virtual shopping malls, relaxing walks on a beach somewhere in the Andromeda Galaxy, chasing life-sized dragons through a medieval castle, walking through real estat...","published_at":"2019-03-21T22:03:10Z","author_name":"Neil Epstein","url":"/feed/102753","canonical_url":"https://wefunder.com/feed/102753"},{"id":96587,"entity_id":"wefunder:feed_item:96587","type":"FeedItem::Update","visibility":"public","title":"OmniPad - New 3rd Party Appraisal: $10+ Million","preview":"Business Valuation Report, October 31, 2018","published_at":"2018-11-14T23:50:09Z","author_name":"Neil Epstein","url":"/feed/96587","canonical_url":"https://wefunder.com/feed/96587"},{"id":94062,"entity_id":"wefunder:feed_item:94062","type":"FeedItem::Update","visibility":"public","title":"The OmniPad Company, LLC Completes 3rd Party Due Diligence Report (CrowdCheck).","preview":"https://portal.crowdcheck.com/#/report/view/486","published_at":"2018-10-01T16:23:17Z","author_name":"Neil Epstein","url":"/feed/94062","canonical_url":"https://wefunder.com/feed/94062"}],"q_and_a":[{"id":49614,"entity_id":"wefunder:comment:49614","question":"Hi, I have a few questions. Does a functional prototype exist? What is the estimated final weight and treadmill surface area? I see 2 variants on your site, one with and one without a waist high retaining ring, which is correct? What safeguards do you have in mind for possible seizing of the treadmill/tearing of the surface while in use? What do you estimate the lifespan of the treadmill surface to be? Will the the treadmill surface be user changeable? Will the final treadmill surface have the option be personalised? How would the treadmill surface react to rapid changes in direction? What is the estimated maximum \"speed\" a person would be able to \"run\" on the treadmill? How would deceleration be handled?","author_name":"Scott Adamson","votes":1,"created_at":"2019-04-16T05:29:43Z","canonical_url":"https://wefunder.com/omnipad.company#question-49614","answers":[]},{"id":41149,"entity_id":"wefunder:comment:41149","question":"In which stage is the product/dev \u0026gt; prototype, beta,?","author_name":"Bhushan Parulekar","votes":1,"created_at":"2019-04-01T04:39:42Z","canonical_url":"https://wefunder.com/omnipad.company#question-41149","answers":[]},{"id":27241,"entity_id":"wefunder:comment:27241","question":"Do you intend to pay a dividend?","author_name":"Craig J. Vom Lehn","votes":1,"created_at":"2018-09-10T17:31:57Z","canonical_url":"https://wefunder.com/omnipad.company#question-27241","answers":[{"id":27294,"entity_id":"wefunder:comment:27294","answer":"Mr. Vom Lehn, Thank you for your question. To clarify what a divided is for other Crowd Funding Investors: A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits. When a corporation earns a profit or surplus, the corporation is able to re-invest the profit in the business and pay a proportion of the profit as a dividend to shareholders. Dividends may be paid in the form of cash or additional shares. When The OmniPad Company becomes profitable we will facilitate a year-end dividend schedule to all classes of shareholders. The dividends will be based upon revenue surplus, after the company's capital expenditures required for continued production \u0026amp; marketing, intellectual property advancement, and continued engineering R\u0026amp;D. The dividend percentage will be in alignment with the industry standard.","author_name":"Neil Epstein","votes":2,"created_at":"2018-09-11T18:10:31Z"}]},{"id":294504,"entity_id":"wefunder:comment:294504","question":"Congratulations on creating this great technology. I have been trying to break the code on this for years in my spare time. All my stuff was too big. I have worked for the Army for the last 20 years as a contractor and a Safety Manager. I also love first-person shooter games. I believe your platform will change how the world learns and just as important exercises. Exercise will be secondary to playing the games. I can see physical education in schools as mandatory with your platform, of course, no shooter games in school, instead, team building skills using an escape room scenario. For the military, the sky is the limit for training exercises, infiltration/exfiltration, hostage rescue, etc. It's possible to download the village they will assault into the software and practice in the same environment with exact detail. Home use is a no-brainer as long as it's easily transported and fits in the average home. Military and home can use real guns that can be easily modified for VR and ensure the weapons are not able to fire a real bullet. An excellent example is the Mantis Bleack beard. https://mantisx.com/pages/blackbeard-ar-trigger-resetting-system?utm_source=google\u0026amp;utm_medium=cpc\u0026amp;utm_campaign=extension\u0026amp;gad_source=1\u0026amp;gclid=CjwKCAjw1NK4BhAwEiwAVUHPUPhsdNOApPM8rK7eIdcvmLxbZ1aMyJpKqnZB52RH6ZMxa361yhFEVRoCV4oQAvD_BwE Your platform is just the beginning, the accessories will make you millions too. There are so many applications from recreational to professional like police training, or even showing people how to defend their homes from bad guys. I Would love to be a consultant on your team. I have a lot of knowledge and the Contacts to get you in the door. My name is Mark Daly. 407-222-6876, Dalyenviro@gmail.com. I live in Florida. Thanks for your time.","author_name":"Mark Daly","votes":0,"created_at":"2024-10-20T22:54:43Z","canonical_url":"https://wefunder.com/omnipad.company#question-294504","answers":[]},{"id":69187,"entity_id":"wefunder:comment:69187","question":"Hi guys. I have invested in your company but did not get my stock certificate or anything of the kind!","author_name":"Luciano Stanzione","votes":0,"created_at":"2019-11-19T18:48:07Z","canonical_url":"https://wefunder.com/omnipad.company#question-69187","answers":[{"id":71596,"entity_id":"wefunder:comment:71596","answer":"Luciano, we just received a notification from your attorney, Masonek Law Firm in Argentina. I tried to call them, but just got an answering service. I hope they call me back. I really do. This (above) message from you, from less than one month ago, is the first message we have received from you, and we have not been ignoring you. In fact, we have been very busy fund raising for the OmniPad Company, and partnering with teams like Facebook and NEC. We are working vehemently to complete production of the OmniPad so we can get it to the world! Lastly, we were not aware that we are required to issue stock certificates to WeFunder investors. We have not issued stock certificates to any investors, or even founders. I, being 51% owner of the OmniPad Company, do not even have a stock certificate. The signed stock purchase agreements suffice as stock certificates. So, we are not sure what you are after. I genuinely hope that your law firm calls us back.","author_name":"Neil Epstein","votes":0,"created_at":"2019-12-13T21:47:37Z"}]},{"id":59046,"entity_id":"wefunder:comment:59046","question":"Hello Neil, Where would I be able to receive updates on how the company is doing?","author_name":"Sara Ali","votes":0,"created_at":"2019-08-06T14:06:30Z","canonical_url":"https://wefunder.com/omnipad.company#question-59046","answers":[]},{"id":57263,"entity_id":"wefunder:comment:57263","question":"Does OmniPad have any new information?","author_name":"Jeramiah Jenkins","votes":0,"created_at":"2019-07-16T22:17:05Z","canonical_url":"https://wefunder.com/omnipad.company#question-57263","answers":[]},{"id":53626,"entity_id":"wefunder:comment:53626","question":"I want to be an investor, am I too late?","author_name":"Jack Tomas","votes":0,"created_at":"2019-05-24T05:14:19Z","canonical_url":"https://wefunder.com/omnipad.company#question-53626","answers":[{"id":53637,"entity_id":"wefunder:comment:53637","answer":"Mr. Tomas, Thank you for your interest in investing in the OmniPad Company. Our equity crowdfunding round has ended on April 30. Depending on how much you want to \u0026nbsp;invest, we can set up a Regulation D round for you (Must be $100,000 or more). Or, you can contact\u0026nbsp;katie@wefunder.com to ask whether you can still invest on the Regulation Crowdfunding round.","author_name":"Neil Epstein","votes":0,"created_at":"2019-05-24T13:15:23Z"}]},{"id":53625,"entity_id":"wefunder:comment:53625","question":"I want to be an investor, am I to late","author_name":"Jack Tomas","votes":0,"created_at":"2019-05-24T05:14:07Z","canonical_url":"https://wefunder.com/omnipad.company#question-53625","answers":[]},{"id":51565,"entity_id":"wefunder:comment:51565","question":"Dear Neil, Great idea that will most likely work. 1. Why not have the moving part underneath the bladder in the form of a ball-bearing like structure, that is a ball held in a fixed hemispherical cavity which is then fixed to a stationery support that will lie on the floor or surface? 2. As there is no working prototype yet, the valuation is steep whatever be the ultimate potential post a working prototype. I suspect hence the lack of interest and difficulty in achieving the target amount. My gut-estimate for valuation at this stage will be no more than US2.0 mn at the high end (=IP + engineering R\u0026amp;D expenses + legal expenses + sweat equity). I would like to invest if (2) can be fixed please. Then it is your baby and please accept my apologies if I have written something outrageous. Many thanks.","author_name":"Murali Karthik","votes":0,"created_at":"2019-04-29T12:47:34Z","canonical_url":"https://wefunder.com/omnipad.company#question-51565","answers":[{"id":51581,"entity_id":"wefunder:comment:51581","answer":"Dear Murali, Thank you for your wonderfully thoughtful response. Number two can be adjusted. However, it cannot adjusted during this particular WeFunder campaign; which closes tomorrow evening. However, we\u0026nbsp;can facilitate a Regulation D offering for a specific investor, and work on amending\u0026nbsp;the valuation.\u0026nbsp;We would genuinely like to correspond with you further. My email is Neil@OmniPad.com. Please feel free to contact me. It would also be expeditious to speak on the phone. You are more than welcome to call me +1\u0026nbsp;(609) 980-1772. I will be happy to speak with you.I will also be happy to speak with you about engineering. The design shown to the public is somewhat more rudimentary than the actual working design of the OmniPad. We did not divulge in the graphics much of what is contained in our (2) provisional patents. What is shown to the public right now is simply the core-mechanics of the OmniPad, as per our existing utility patent. Let's talk very soon. Thank you again.","author_name":"Neil Epstein","votes":2,"created_at":"2019-04-29T19:05:19Z"}]},{"id":51471,"entity_id":"wefunder:comment:51471","question":"Can you mount the hydraulics to the safety ring instead of to the floor? That way the OmniPad hangs under the hydraulics instead of rests on top of them. Could be safer.","author_name":"Benjamin Fenigsohn","votes":0,"created_at":"2019-04-28T13:59:10Z","canonical_url":"https://wefunder.com/omnipad.company#question-51471","answers":[]},{"id":38656,"entity_id":"wefunder:comment:38656","question":"How much Omnipad expected cost ? it will be affordable for consumers with that price or you are focusing in small business in the beginning ?","author_name":"Fawaz AlHarthi","votes":0,"created_at":"2019-03-23T09:14:53Z","canonical_url":"https://wefunder.com/omnipad.company#question-38656","answers":[]},{"id":38281,"entity_id":"wefunder:comment:38281","question":"where do things stand for blending Omnipad with Mixed reality in place of VR?","author_name":"Aaron Bryant Cecil","votes":0,"created_at":"2019-03-21T17:19:09Z","canonical_url":"https://wefunder.com/omnipad.company#question-38281","answers":[{"id":38485,"entity_id":"wefunder:comment:38485","answer":"We fully intend to adapt the OmniPad to both augmented reality and mixed reality (as well as, of course, virtual reality). Augmented and mixed reality present a special set of challenges when it comes to freedom of locomotion in a synthetic environment, because with augmented and mixed realities we see the real world combined with the 3D environment. This means that, with the OmniPad, since you are walking around - but on a stationary surface - the real world will not move unison with your locomotion, but the 3D environment will respond in real time to your locomotion on the OmniPad. Adapting augmented and mixed realities to OmniPad Environments can be done, and WILL be done. But, as discussed, it will present a special set off challenges in design and function of the augmented and mixed environments. Actually, we look forward to adapting the OmniPad to software like Google StreetView, where everyone will be able walk around anywhere on Earth (or the moon or Mars) without leaving their own homes!!! Imagine the benefits of that!","author_name":"Neil Epstein","votes":1,"created_at":"2019-03-22T04:15:33Z"}]},{"id":34219,"entity_id":"wefunder:comment:34219","question":"hi Mr. Neil Epstein, can I ask you for which part of omnipad you have patents Thank you","author_name":"Vladimir Gajdos","votes":0,"created_at":"2019-01-30T14:03:57Z","canonical_url":"https://wefunder.com/omnipad.company#question-34219","answers":[]},{"id":30737,"entity_id":"wefunder:comment:30737","question":"Mr Epstein, As you come to have a salable consumer product how will you approach distribution? i would love to be involved in other country opportunities.","author_name":"Christopher Elder","votes":0,"created_at":"2018-11-21T20:06:02Z","canonical_url":"https://wefunder.com/omnipad.company#question-30737","answers":[{"id":30750,"entity_id":"wefunder:comment:30750","answer":"Mr. Elder,As we progress we will be\u0026nbsp;establishing broad-spanning distribution channels throughout the world. If you would be kind enough to forward your credentials relating to international consumer product distribution and merchandising\u0026nbsp;we will gladly review and keep you and your team in mind for those purposes. My email is: Neil@OmniPad.com.Thank you for reaching out and offering your assistance. It appears that you are equally excited about the wide array of applications and revenue potential of the OmniPad as we are. You see what we see.","author_name":"Neil Epstein","votes":0,"created_at":"2018-11-22T03:01:13Z"}]},{"id":29491,"entity_id":"wefunder:comment:29491","question":"I see this offer is for membership in a LLC. I've been looking at the U.S. tax implications. Since OmniPad will be operating across the country, is it possible for an investor to be liable for personal income tax in a state other than his residence? This question would seem to be a general one and not really different for each individual.","author_name":"Bill Compton","votes":0,"created_at":"2018-10-26T02:42:40Z","canonical_url":"https://wefunder.com/omnipad.company#question-29491","answers":[{"id":29495,"entity_id":"wefunder:comment:29495","answer":"Mr. Compton,Thank you for your question. I would like to begin by stating that I am not a tax specialist. I recommend that by\u0026nbsp;consulting with a CPA you would get a most accurate answer with greater definition.\u0026nbsp;To the best of my knowledge, profits from\u0026nbsp;the sale of securities (such as shares of stock) are considered Capital Gains.\u0026nbsp;Conversely, I suspect losses incurred from the sale of securities\u0026nbsp;may possibly be used to offset your overall tax liability. Possibly so, but\u0026nbsp;I am not certain. I do know that\u0026nbsp;Capital Gains and Losses only come into existence, or become\u0026nbsp;relevant to the IRS\u0026nbsp;at the time of the sale of the securities (not at the time of purchase, for example).\u0026nbsp;As far as intra-state taxation as it relates to state income tax, which is what your question seems to be discussing, I, myself, would consult with a tax professional, and I highly recommend you do the same to obtain a valid answer to your\u0026nbsp;particular question.For federal income tax purposes, I do not believe that the state where the company is located, nor the state where the tax payer\u0026nbsp;resides makes any difference; you would still be liable for your eventual capital gains (which The OmniPad Company aspires to be great for all investors). Again,\u0026nbsp;I am not a tax specialist, and I would definitely confirm any and all\u0026nbsp;of my responses herein with a CPA or a tax accounting service. A good reference link on LLC tax liability is:\u0026nbsp;https://www.nolo.com/legal-enc... \u0026nbsp;\u0026nbsp;Below is the Taxation section from The OmniPad Company, LLC's Operating Agreement (I believe the entire Operating Agreement is also accessible in the Due Diligence Section of our WeFunder Offering). I hope the following helps to answer your question, although I do not see any discussion of intra-state state taxation in this excerpt, and I would still consult with a certified tax professional to get the exact answer you are seeking.ARTICLE 5. CAPITAL ACCOUNTS, CASH DISTRIBUTIONS, AND TAX ALLOCATIONS Section 5.01. Capital Accounts. The Company shall maintain capital accounts for its Members in accordance with the Internal Revenue Code and the regulations promulgated thereunder. Section 5.02. Income and Losses. The Income and Losses of the Company shall be determined within ninety (90) days after the end of each calendar year of the Company and, except to the extent otherwise required by applicable tax regulations, allocated in accordance with each Member's respective profits interest. Section 5.03. Distributions to Members. Except as otherwise provided in Section 10.02 below, distributions of Distributable Cash Flow shall be made as determined by a Majority of the Members; provided, however, that such distributions shall be made in accordance with the profits interest of each respective Member. Notwithstanding the foregoing, the Company shall, to the extent that the Company has sufficient Distributable Cash Flow, make annual or more frequent distributions from the Company, the total annual amount of which shall be not less than a percentage of Reported Income equal to the highest individual tax rate for Federal income tax purposes at the beginning of each calendar year. If that amount has not been distributed by the end of the year, to the extent that the Company has sufficient Distributable Cash Flow, such amount remaining shall be distributed by the time the Company files its federal tax return. If the Company does not have sufficient Distributable Cash Flow to make the payments required above, such obligation shall continue forward in time; and the Company shall make such distributions as soon as the Company has sufficient Distributable Cash Flow. Section 5.04. Limitation on Allocation of Net Losses. No Member shall be entitled to any allocation of net losses of the Company if such allocation would result in the Member having a negative Capital Account balance (after increasing such Capital Account by any amount which the Member is obligated to restore or is deemed to be obligated to restore pursuant to Section 1. 704-1 (b )(2)(ii) of the Treasury Regulations and decreasing such Capital Account balance by the items set forth in Section 1.704-1 (b)(2)(ii)(d)(4 )-(6)) of the Treasury Regulations while any other Member has a positive Capital Account balance (after adjustment for such items). In such event, net losses shall be allocated to the Members with positive Capital Accounts, as adjusted, until such Capital Accounts, as adjusted, have been reduced to zero.\u0026nbsp;Mr. Compton, I thank you again for your very thought provoking question, and I invite other WeFunder members to add insight to this discussion.","author_name":"Neil Epstein","votes":0,"created_at":"2018-10-26T04:12:36Z"}]},{"id":29459,"entity_id":"wefunder:comment:29459","question":"Do you accept investors from Africa","author_name":"Esnart Hamiyanda","votes":0,"created_at":"2018-10-25T11:46:53Z","canonical_url":"https://wefunder.com/omnipad.company#question-29459","answers":[{"id":29462,"entity_id":"wefunder:comment:29462","answer":"Esnart,\u0026nbsp;Yes, The OmniPad Company certainly accepts investors from all over the globe. We would be delighted to welcome you to our team!\u0026nbsp;","author_name":"Neil Epstein","votes":0,"created_at":"2018-10-25T16:49:20Z"}]},{"id":27107,"entity_id":"wefunder:comment:27107","question":"In the Form C it states \"The offering price for our Class C Membership Units results in an implied valuation of $96,300,000. This implied valuation has been determined arbitrarily by the management of the Company without reference to the Company's book value, assets, earnings, or other generally accepted valuation criteria.\" Is this correct (i.e. Is the pre-money valuation listed above for only the Class C shares?) or is this a misstatement in the Form C?","author_name":"William Berard","votes":0,"created_at":"2018-09-06T18:25:20Z","canonical_url":"https://wefunder.com/omnipad.company#question-27107","answers":[{"id":27129,"entity_id":"wefunder:comment:27129","answer":"Mr. Berard, Thank you for reaching out to us. If I understand your question correctly, you are speaking exclusively about the valuation of our Class C shares, as printed on our Form C. Upon review, I have noticed that you are 100% correct. There is a typo on our Form C. THANK YOU for bringing this to our attention. The correct valuation of the Class C Units is $963,000. The valuation of ALL Membership Units of The OmniPad Company, LLC is $9,630,000, inclusive of all Class A, B, and C Units; There are total of 10,000,000 Authorized Shares. We have apportioned 10% of the Company for our Class C, Regulation Crowd Funding Offering, which is 1,000,000. Meaning, the correct valuation for our cumulative Class C shares is $963,000, not $96,300,000. At least not yet, anyway. We are sincerely grateful for your input. I have contacted our platform, WeFunder, and this is error will be expeditiously addressed. Thank you, Neil Epstein, J.D. Chief Executive Officer, The OmniPad Company, LLC","author_name":"Neil Epstein","votes":1,"created_at":"2018-09-06T20:54:40Z"}]}],"faq":[{"question":"In the Form C it states \"The offering price for our Class C Membership Units results in an implied valuation of $96,300,000. This implied valuation has been determined arbitrarily by the management of the Company without reference to the Company's book value, assets, earnings,...","answer":"Mr. Berard, Thank you for reaching out to us. If I understand your question correctly, you are speaking exclusively about the valuation of our Class C shares, as printed on our Form C. Upon review, I have noticed that you are 100% correct. There is a typo on our Form C. THANK YOU for bringing this to our attention. The correct valuation of the Class C Units is $963,000. The valuation of ALL Membership Units of The OmniPad Company, LLC is $9,630,000, inclusive of all Class A, B, and C Units; T..."},{"question":"Do you intend to pay a dividend?","answer":"Mr. Vom Lehn, Thank you for your question. To clarify what a divided is for other Crowd Funding Investors: A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits. When a corporation earns a profit or surplus, the corporation is able to re-invest the profit in the business and pay a proportion of the profit as a dividend to shareholders. Dividends may be paid in the form of cash or additional shares. When The OmniPad Company becomes profitable w..."},{"question":"Do you accept investors from Africa","answer":"Esnart,\u0026nbsp;Yes, The OmniPad Company certainly accepts investors from all over the globe. We would be delighted to welcome you to our team!\u0026nbsp;"},{"question":"I see this offer is for membership in a LLC. I've been looking at the U.S. tax implications. Since OmniPad will be operating across the country, is it possible for an investor to be liable for personal income tax in a state other than his residence? This question would seem to...","answer":"Mr. Compton,Thank you for your question. I would like to begin by stating that I am not a tax specialist. I recommend that by\u0026nbsp;consulting with a CPA you would get a most accurate answer with greater definition.\u0026nbsp;To the best of my knowledge, profits from\u0026nbsp;the sale of securities (such as shares of stock) are considered Capital Gains.\u0026nbsp;Conversely, I suspect losses incurred from the sale of securities\u0026nbsp;may possibly be used to offset your overall tax liability. Possibly so, but..."},{"question":"Mr Epstein, As you come to have a salable consumer product how will you approach distribution? i would love to be involved in other country opportunities.","answer":"Mr. Elder,As we progress we will be\u0026nbsp;establishing broad-spanning distribution channels throughout the world. If you would be kind enough to forward your credentials relating to international consumer product distribution and merchandising\u0026nbsp;we will gladly review and keep you and your team in mind for those purposes. My email is: Neil@OmniPad.com.Thank you for reaching out and offering your assistance. It appears that you are equally excited about the wide array of applications and reve..."}]}}}