Crowdfunding has become a sensation in recent years, with websites like Kickstarter making it easy for anyone to establish a crowdsourcing model and raise money for their projects. The Ubuntu Edge, a smartphone project currently in the pipeline at Indiegogo, has already smashed records in the crowdfunding realm, but according to reports from ZDnet.com, it could still have trouble reaching its overall target.

The Ubuntu Edge first appeared on the crowdfunding website on July 22, touting itself as “the next generation of personal computing: smartphone and desktop PC in one state-of-the-art device.” The project, operated by the enterprising tech company Canonical, was asking for an astronomical $32 million in funding, and while thousands of backers have come out of the woodwork to help the project notch over $11 million, the Ubuntu Edge is still falling well short of its goal with only four days to go in the funding cycle.

As with any other crowdfunding model, the Ubuntu Edge campaign exists with varying levels of donation perks, including $695, which will pre-buy a phone, $7,000, geared toward small businesses looking to build a network of phones, and a corporate-level donation of $80,000, which buys an even larger network.

According to the technical specs provided by Canonical on the Edge project funding page, the phone would offer a bevy of features hereto unheard of in phones, while still offering a lower out-of-contract price than either Apple’s iPhone 5 or Samsung’s Galaxy S4. Among the impressive specs are 4GB of RAM (versus the 1 or 2GB available on the iPhone or Galaxy), 128GB of internal storage (double the space of the largest iPhone), stereo-optimized speakers, a sapphire glass screen, a superior battery, and a display size that lands somewhere between the pocket-sized iPhone and the notepad-like Galaxy.

In addition, the phone’s biggest draw is that it would support both a mobile operating system and a desktop operating system. Canonical’s idea is that the phone could be docked with a monitor and serve as a legitimate desktop or laptop replacement, but could also be taken on the go as a mobile smartphone. The presence of the desktop operating systems would allow Canonical to match the phone’s interface with that of their other Ubuntu computer devices, making it an obvious choice for Ubuntu users.

Of course, there is a catch to all of the Edge’s extra features. Part of the reason for the phone’s lower cost is that Canonical was hoping interested users would help to fund the project, and while many backers have come through, $11 million doesn’t quite hold a candle to $32 million. Mark Shuttleworth, Canonical’s CEO, has made it clear that plans for the Edge will be scrapped if the Indiegogo project doesn’t reach its ambitious target, meaning that the possibility of the phone ever existing could evaporate for good on August 21.