ESal

Early Stage

Powering the Energy Transition of Tomorrow with Green Technology

Analytics

Raised to Date: Raised: $21,234

Aggregate Commitments $

Platform

StartEngine

Start Date

11/19/2021

Close Date

02/17/2022

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$40,250,000

Rolling Commitments $

Status

Active

Reporting Date

12/05/2021

Days Remaining

74

% of Min. Goal

212%

% of Max. Goal

2%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,327

Momentum
cold.svg
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Location

Laramie, Wyoming

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth

ESal, with a valuation of $40.3 million, is raising funds on StartEngine. The company uses revolutionary technology for oil recovery without the use of harmful chemicals and new equipment. The RightWater technology of ESal will help in recovering stranded oil in a socially and environmentally responsible manner. ESal is working on creating a future with carbon-neutral, sustainable energy. Salem Thyne and Geoffrey Thyne founded ESal in 2013. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$847,502

$854,987

COGS

$250,488

$206,877

Tax

$0

$3,713

 

 

Net Income

$-123,797

$85,266

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$568,042

$183,418

Accounts Receivable

$0

$125,000

Total Assets

$582,874

$335,258

Short-Term Debt

$404,581

$178,072

Long-Term Debt

$144,903

$0

Total Liabilities

$549,484

$178,072

Financials as of: 11/19/2021
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ESal on StartEngine 2021
$
Platform: StartEngine
Security Type: Equity - Common
Valuation: $40,250,000

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