LiquidPiston
The combustion engine reimagined
Analytics
Raised to Date: $7,777,738
Aggregate Commitments $
StartEngine
07/20/2020
02/28/2021
$765
$24,400,000
$10
Equity - Common
RegA+
$56,800,000
Weekly Commitments $
Active
01/17/2021
40
1,016,698%
32%
$42,971
3,992
Transportation, Automotive, Aviation, & Aerospace
Cleantech
LiquidPiston, an internal combustion engine manufacturer, is raising funds on StartEngine through Reg A+ crowdfunding. The company develops advanced rotary internal combustion engines based on its patented thermodynamic cycle and rotary engine architecture. The technology makes the engines more powerful, efficient, compact, and scalable. LiquidPiston was founded by Alexander Shkolnik and Nikolay Shkolnik in 2019 and has raised $3.17 million in previous rounds of financing. The current round of funding will be used for full-fledged development rounds with partners. LiquidPiston has over $9 million in contracts with the Department of Defense and has successfully completed four industrial partner pilot studies signed in 2019.
Balance Sheet
|
Cash and Cash Equivalents |
$1,554,653 |
|
Investment Securities |
$0 |
|
Total Investments |
$0 |
|
Accounts and Notes Receivable |
$302,171 |
|
Loans |
$0 |
|
Property, Plant and Equipment (PP&E) |
$46,466 |
|
Property and Equipment |
$0 |
| Total Assets |
$2,596,438 |
|
Accounts Payable & Accrued Liabilities |
$302,566 |
|
Policy Liabilities and Accruals |
$0 |
|
Deposits |
$0 |
|
Long Term Debt |
$2,895,040 |
|
Total Liabilities |
$3,197,606 |
|
Total Stockholders' Equity |
$-601,168 |
| Total Liabilities and Equity |
$2,596,438 |
Statement of Comprehensive Income Information
|
Total Revenues |
$1,958,908 |
|
Total Interest Income |
$0 |
|
Costs & Expenses Applicable to Rev |
$1,602,446 |
|
Total Interest Expenses |
$0 |
|
Depreciation and Amortization |
$54,027 |
| Net Income |
$-1,205,366 |
|
Earnings Per Share - Basic |
$-1 |
|
Earnings Per Share - Diluted |
$-1 |
Summary of Crowdfunding Raises
| Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 02/28/2021 | StartEngine | $56,800,000 | $7,777,738 | Equity - Common | Active | RegA+ |
| 03/31/2020 | StartEngine | $51,633,010 | $1,043,462 | Equity - Common | Confirmed Closed | RegCF |
| 03/16/2019 | Wefunder | $30,000,000 | $1,070,000 | Convertible Note | Confirmed Closed | RegCF |
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