Apothio

Early Stage

First Tokenized Litigation Funding for one of largest US crop destructions

Analytics

Raised to Date: Raised: $170,138

Aggregate Commitments $

Platform

Republic

Start Date

10/27/2021

Close Date

01/01/2022

Min. Goal

$250,000

Max. Goal

$5,000,000

Min. Investment

$100

Security Type

Equity - Tokens

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$5,000,000

Rolling Commitments $

Status

Active

Reporting Date

12/05/2021

Days Remaining

27

% of Min. Goal

68%

% of Max. Goal

3%

Likelihood of Max
unlikely
Avg. Daily Raise

$4,363

Momentum
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Location

Peru, Indiana

Industry

Farming & Agriculture

Tech Sector

AgriTech

Distribution Model

B2B

Margin

High

Capital Intensity

High

Business Type

Growth

Apothio is raising crowdfunding on Republic. The company is an agricultural research institution that researches and commercializes hemp. It is in a legal dispute with Kern County for the destruction of 450 acres of Apothio’s plants by the government authorities in 2019. Thereafter, in 2020, Apothio sued Kern County for monetary damages totaling $500 million to $1 billion. The company is now undertaking the initial litigation offering to finance the litigation costs. Dr. Trent Jones and Thomas Kirk founded Apothio in October 2016. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $5,000,000. The campaign proceeds will be used to pay for the litigation expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$15,160

$147,451

COGS

$12,407

$9,601

Tax

$0

$0

 

 

Net Income

$-4,191,022

$-4,774,136

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$165,446

$23,527

Accounts Receivable

$0

$0

Total Assets

$1,013,946

$660,530

Short-Term Debt

$7,932,302

$3,453,476

Long-Term Debt

$1,514,280

$1,448,667

Total Liabilities

$9,446,582

$4,902,143

Financials as of: 10/27/2021
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Apothio on Republic 2021
$
Platform: Republic
Security Type: Equity - Tokens
Valuation: $5,000,000

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