Today's Hard|Forum Post
Today's Hard|Forum Post

Friday May 06, 2016

Company Behind E-Ink Watch Kickstarter Goes Bankrupt

Another high-profile Kickstarter has gone bust leaving backers hung out to dry. Listing only $30k in assets and almost $900k in liabilities, no one seems to know where all the money went. frown

Central Standard Timing first showed off its "world's thinnest" E-ink watch back in 2013, raising more than $1 million on Kickstarter to mass-produce the device. The company ran into manufacturing problems in 2015, though, and last June told backers they could no longer see a way to ship the watch. Now, the product's Kickstarter blog has been updated for what might be the final time, with legal documents officially declaring the company's bankruptcy and telling backers they're unlikely to get their money back.