MF Fire
Transforming Wood Heat into Clean Energy
Analytics
Raised to Date: $279,012
Aggregate Commitments $
StartEngine
09/01/2020
03/01/2021
$9,999
$1,069,999
$288
Equity - Common
RegCF
Seed
$12,659,391
Weekly Commitments $
Active
01/17/2021
41
2,790%
26%
$2,022
379
Baltimore, Maryland
Energy, Power, & Natural Resources
Cleantech
B2B/B2C
Medium
High
MF Fire, with a pre-money valuation of $12.7 million, is raising crowdfunding on StartEngine. The company makes smart wood burning technology products that help in transforming wood energy into clean energy. MF Fire’s smart wood stove is 90% efficient, much cleaner than traditional wood stoves, and provides 50% cost savings on fuel costs. Paul LaPorte, Ryan Fisher, and Dr Taylor Myers founded MF Fire in 2014. The current crowdfunding round has a minimum goal of $9,999.25 and a maximum goal of $1,069,999.10. MF Fire has experienced substantial revenue growth, with over 100% year-over-year growth in product line and employees. The technology is based on extensive research and data analysis.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$243,807 |
$146,642 |
|
COGS |
$123,257 |
$41,470 |
|
Tax |
$6,971 |
$15,966 |
| ||
| ||
|
Net Income |
$-411,773 |
$-601,181 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$73,306 |
$105,610 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$496,946 |
$392,686 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$100,000 |
$0 |
|
Total Liabilities |
$100,000 |
$100,000 |
Ratings
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