Rooftop tent company 4×4 Colorado files bankruptcy, blaming tariffs for closure
Colorado has collapsed The Lakewood-based rooftop tent company filed for Chapter bankruptcy Wednesday court documents show The company founded by Blaine Koker-Tatalovich and Josh Frakes-Belair publicized it would close at the end of last month on social media The company s revenue declined sharply this year filings show with million in sales as of the filing date Last year the company published revenue of million up from million in Its rooftop tents sold for around each its since-deleted website disclosed in the spring They featured a skylight window The timing of the tariff increases on Chinese imports coincided with one of our largest-ever waves of orders the company wrote in an Oct Instagram post At a cost increase those orders became financially impossible to fulfill without jeopardizing our customers Our sales dropped from over a hundred tents per month to single digits Colorado also tried to sell itself this summer according to a since-deleted listing Neither the co-founders nor their attorney responded to requests for comment from BusinessDen The company will begin the formal liquidation process with in assets and million in liabilities according to bankruptcy filings The business biggest creditors include e-commerce giant Shopify owed and small-business lenders WebBank and Libertas Funding owed and respectively Colorado listed worth of inventory and supplies relating to its tents It also mentioned it has a -foot-long Wells Cargo Trailer worth The LLC the company does business under was formed in October It has a showroom at N Lamar St in Lakewood with two years left on its lease documents show Related Articles Ball Corp CEO gets M in severance after firing A traffic bottleneck in RiNo is getting M in bond-funded upgrades Foreclosure proceedings underway for planned Camp Pickle pickleball site in Centennial Owner of poop protest home in Denver s Congress Park neighborhood sues neighbors claiming harassment M Cherry Creek penthouse tops local home sales in October Koker-Tatalovich owns of the company filings show Frakes-Belair owns and Adrian Paraschiv who is listed as a silent investor owns According to a News story when communicated its closure several customers who had shelled out thousands of dollars for the rooftop tents have still not received the product or a refund They made those purchases months and in particular cases nearly a year ago they explained the TV station The company s list of creditors includes a line titled Refunds for Customers with the amount owed as unknown has lost access to database with creditor names the company wrote in its filing will be conducting an examination of Shopify right away after filing in order to obtain a full copy of such information to provide notice Read more from our partner BusinessDen Get more business news by signing up for our Financial system Now newsletter
