Pure-Light Technologies

Pure-Light has invented a new type of LED Bulb--Makes all other bulbs Obsolete!

Analytics

Raised to Date: $279,757

Aggregate Commitments $
Platform

Wefunder

Start Date

10/20/2020

Close Date

01/13/2021

Min. Goal

$50,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$30,000,000

Discount Rate

0%

Rolling Commitments $
Status
Funded
Reporting Date

01/31/2021

Days Remaining
Funded
% of Min. Goal

560%

% of Max. Goal

112%

Likelihood of Max
Funded
Avg. Daily Raise

$3,291

# of Investors

395

Momentum
Funded
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Location

Rigby, Idaho

Industry

Energy, Power, & Natural Resources

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth

Pure-Light Technologies, with a valuation cap of $30 million, is raising funds on Wefunder. The company has invented a new type of LED bulbs using the new PLT Super-Oxygen technology. The PLT bulbs not only light up rooms but also provide air and surface purification. They reduce pathogens, including bacteria and viruses, from the environment. Roger K Young founded Pure-Light Technologies in 2015. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $250,000, will be used for marketing and promotions, research and development on new products, and increasing the light bulb inventory. Pure-Light Technologies has over 7,000 customers and $1.3 million in sales.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$125,511

$921,055

COGS

$4,220

$234,342

Tax

$0

$0

 

 

Net Income

$4,211

$-166,107

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$5,922

$12,622

Accounts Receivable

$0

$0

Total Assets

$92,588

$99,475

Short-Term Debt

$60,316

$198,434

Long-Term Debt

$0

$14,230

Total Liabilities

$60,316

$212,664

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