Lucan (LUCN) is a development-stage mobile application company that has been building a peer-to-peer tipping application called TipMeFast since its incorporation on December 5, 2017. The company had generated no revenue as of the fiscal year ended December 31, 2023, per its 10-K filed March 27, 2024. It is headquartered in ZihronYa'akov, Israel, with a registered agent in Las Vegas, Nevada. Raid Chalil, who has served as President and Director since inception, is the sole officer and director. As of December 31, 2023, the company had one part-time employee, including management. The balance sheet reflects a stockholders' deficit, no cash revenue, and expenses consisting solely of general and administrative costs and professional fees. No product prototype had been completed as of the filing date, and the TipMeFast application had not been brought to market.

Revenue model

No revenue had been generated as of the fiscal year ended December 31, 2023. The intended model is a mobile application, but no revenue stream had been established or disclosed in the 10-K filed March 27, 2024.

Products and services

TipMeFast, a planned mobile tipping application described as featuring PIN and Touch ID security and encrypted data storage. As of December 31, 2023, the application had not been completed or released as a prototype.

Customers and end markets

No customers as of December 31, 2023. The intended end market, per the 10-K filed March 27, 2024, is online consumers targeted through digital advertising.

Value-chain role

Pre-revenue mobile application developer occupying an early-stage software development role with no shipped product as of December 31, 2023.

Geographic exposure

Operations based in ZihronYa'akov, Israel, with a U.S. registered agent in Las Vegas, Nevada, per the 10-K filed March 27, 2024.

Source: SEC 10-K, filed 2024-03-27

Industry: Services-Business Services, NEC