xCraft Enterprises

Underweight
BETA

American Drone Company

Analytics

Raised to Date: $224,494

Aggregate Commitments $
Platform

StartEngine

Start Date

11/12/2020

Close Date

02/28/2021

Min. Goal

$100

Max. Goal

$8,331,745

Min. Investment

$352

Security Type

Equity - Common

Funding Type

RegA+

Series

Seed

Pre-Money Valuation

$35,000,000

Weekly Commitments $
Status

Active

Reporting Date

01/27/2021

Days Remaining

31

% of Min. Goal

224,494%

% of Max. Goal

3%

Likelihood of Max
Avg. Daily Raise

$2,954

# of Investors

246

Momentum
Location

COEUR D'ALENE, Idaho

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth

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

Auditor: BAS Partners
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

Underweight
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