xCraft Enterprises
American Drone Company
Analytics
Raised to Date: $224,494
Aggregate Commitments $
StartEngine
11/12/2020
02/28/2021
$100
$8,331,745
$352
Equity - Common
RegA+
Seed
$35,000,000
Weekly Commitments $
Active
01/27/2021
31
224,494%
3%
$2,954
246
COEUR D'ALENE, Idaho
Transportation, Automotive, Aviation, & Aerospace
Hardwaretech
B2B
Medium
High
xCraft Enterprises, with a valuation of $35 million, is raising funds on StartEngine through Reg A+ crowdfunding. The company designs and manufactures unmanned aerial systems for military and enterprise markets. The patented technologies of xCraft Enterprises are taking the drone industry to new heights, bringing improved safety and quality of life. JD Claridge founded xCraft Enterprises and has raised over $2.1 million in previous rounds of financing. The current crowdfunding round has no minimum raise and a maximum raise of $8,331,745, and the proceeds will be used for R&D and production, marketing and sales, working capital, and liability reduction. xCraft Enterprises is backed by all five celebrity Shark Tank investors and has been featured in Techcrunch, Fortune, Business Insider, and MarketWatch.
Balance Sheet
|
Cash and Cash Equivalents |
$33,392 |
|
Investment Securities |
$0 |
|
Total Investments |
$0 |
|
Accounts and Notes Receivable |
$115,882 |
|
Loans |
$0 |
|
Property, Plant and Equipment (PP&E) |
$28,317 |
|
Property and Equipment |
$0 |
| Total Assets |
$611,692 |
|
Accounts Payable & Accrued Liabilities |
$341,835 |
|
Policy Liabilities and Accruals |
$0 |
|
Deposits |
$0 |
|
Long Term Debt |
$453,840 |
|
Total Liabilities |
$1,332,397 |
|
Total Stockholders' Equity |
$-720,705 |
| Total Liabilities and Equity |
$611,692 |
Statement of Comprehensive Income Information
|
Total Revenues |
$680,677 |
|
Total Interest Income |
$0 |
|
Costs & Expenses Applicable to Rev |
$13,458 |
|
Total Interest Expenses |
$0 |
|
Depreciation and Amortization |
$0 |
| Net Income |
$-807,724 |
|
Earnings Per Share - Basic |
$0 |
|
Earnings Per Share - Diluted |
$0 |
Summary of Crowdfunding Raises
| Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 02/28/2021 | StartEngine | $35,000,000 | $224,494 | Equity - Common | Active | RegA+ |
| 02/29/2020 | StartEngine | $18,200,000 | $1,069,937 | Equity - Common | Confirmed Closed | RegCF |
Analyst Report
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