It has been a very long journey and with a heavy heart, I am sad to say the RigidBot is no longer in business.
I leveraged all assets I owned in order to keep operations running including my house, my other businesses, and other unsecured debts (lines of credit).
By May of 2015, I personally used every resource I had and I brought on an investor. At this point I lost control of the company, however, I was still involved with RigidBot. Shortly after the takeover, I found that the investor’s priorities were not in alignment with my priorities. In June of 2016 the investor pulled out of RigidBot and defaulted on all payments. Since I was the guarantor of all debts before the investor took control, I became 100% responsible for all debts. I did what I could by selling assets to pay these debts, but the load was too great. This has forced my family and I to close all of my companies, including Invent-A-Part, Inc and Additive, Inc. In September of 2016 we filed for Chapter 7 Bankruptcy. It has broken my family and me and we are now doing what we can do rebuild our lives.
In this process we were able to ship RigidBots to 52 countries. Cost on the RigidBot project totaled just over $2,500,000. We were able to complete 96% of all Kickstarter rewards including refunding a total of just over $65,000. All RigidBot employees were able to find new jobs and I hope them the best.
I do ask that the threats against my family and me, including death threats, to please stop.
I am deeply saddened and sorry that I was not able to complete our Kickstarter 100%. I am very sorry for any pain this has caused anyone in this process.