Emerging Fuels Technology

Emerging Fuels Technology

Closed: Sep. 2024

About this raise

Emerging Fuels Technology is raising funds independently through Reg A+ crowdfunding. The energy technology company uses its technology to turn waste sources of carbon into compatible fuels and chemicals that reduce greenhouse gas emissions. The company has a growing patent portfolio and earns revenue from contract research, contract fees, and catalyst sales. Emerging Fuels Technology makes sustainable profits using its modular designs that make renewable fuels from biogas and low-carbon fuels from natural gas. Kenneth Agee founded Emerging Fuels Technology in 2007. The current crowdfunding campaign has no minimum target and a maximum target of $74,999,998.80. The campaign proceeds will be used for BioGTL plants, FlareBuster plant equity, business development, hiring, patents, and other capital expenses.

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Investment Overview

Invested this round: $693,129

Deal Terms

Total Commitments

Platform
Dalmore Group
Start Date
09/24/2021
Close Date
Not Provided
Min. Goal
$360
Max Goal
$74,999,999
Min. Investment

$360

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$3.60

Pre-Money Valuation

$112,030,307

Company & Team

Company

Year Founded
2010
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
Tulsa, Oklahoma
Business Type
Growth
Company Website
Visit Website

Team

Employees
9
Prior Founder Exits?
No
Founder Name
Kenneth Agee
Title
President

Financials

 Revenue
$854,132
 Monthly Burn
$70,845
 Runway
11.4 months

Balance Sheet

Cash and Cash Equivalents

$805,095

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$129,891

Loans

$0

Property, Plant and Equipment (PP&E)

$140,494

Property and Equipment

$0

Total Assets

$1,308,386

Accounts Payable & Accrued Liabilities

$731,958

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$150,000

Total Liabilities

$881,958

Total Stockholders' Equity

$426,428

Total Liabilities and Equity

$1,308,386

Statement of Comprehensive Income Information

Total Revenues

$854,132

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$1,839,159

Total Interest Expenses

$0

Depreciation and Amortization

$43,320

Net Income

$-850,136

Earnings Per Share - Basic

$-0.03

Earnings Per Share - Diluted

$-0.03

Auditor: M&K CPAs PLLC
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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/26/2024 Dalmore Group $112,030,307 $693,129 Equity - Common Funded RegA+
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Emerging Fuels Technology on Dalmore Group 2021
Platform: Dalmore Group
Security Type: Equity - Common
Valuation: $112,030,307
Price per Share: $3.60

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