LiquidPiston

Neutral
BETA

The combustion engine reimagined

Analytics

Raised to Date: $5,071,886

Aggregate Commitments $
Platform

StartEngine

Start Date

07/20/2020

Close Date

12/31/2020

Min. Goal

$765

Max. Goal

$24,400,000

Min. Investment

$10

Security Type

Equity - Common

Funding Type

RegA+

Pre-Money Valuation

$56,800,000

Weekly Commitments $
Status

Active

Reporting Date

09/23/2020

Days Remaining

97

% of Min. Goal

662,992%

% of Max. Goal

21%

Likelihood of Max
Avg. Daily Raise

$78,029

# of Investors

2,668

Momentum
Location
Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

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

Auditor: Bennett & Company, PC
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