ESal
Early Stage
Powering the Energy Transition of Tomorrow with Green Technology
Overview
Raised: $27,676
Total Commitments ($USD)
Platform
StartEngine
Start Date
11/18/2021
Close Date
04/30/2022
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$2.00
Pre-Money Valuation
$40,250,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/30/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$171
# of Investors
30
Momentum
Not Funded
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Year Founded
2021
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
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: 11/18/2021
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