Emerging Fuels Technology

Emerging Fuels Technology

Growth Stage

Reducing Greenhouse Gas Through Sustainable Synthetic Fuels

Reducing Greenhouse Gas Through Sustainable Synthetic Fuels

Overview

Raised to Date: Raised: $190,411

Total Commitments ($USD)

Platform

Dalmore Group

Start Date

09/23/2021

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

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/23/2024

% of Min. Goal

52,892%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$202

# of Investors

30

Momentum
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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

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.

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
Financials as of: 09/23/2021
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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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