Farm to Flame Energy
Early Stage
Renewable on-site electricity at half the cost of diesel
Analytics
Raised: $311,857
Aggregate Commitments $
Platform
Wefunder
Start Date
08/16/2022
Close Date
04/30/2023
Min. Goal
$50,000
Max. Goal
$400,000
Min. Investment
$100
Security Type
Convertible Note
Funding Type
RegCF
Series
Seed
Valuation Cap
$10,500,000
Discount Rate
20%
Rolling Commitments $
Status
Active
Reporting Date
09/25/2022
Days Remaining
217
% of Min. Goal
624%
% of Max. Goal
78%
Likelihood of Max
Avg. Daily Raise
$7,796
Momentum
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Location
Syracuse, New York
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Farm to Flame Energy, with a valuation of $10.5 million, is raising funds on Wefunder. The company has developed a patented combustion process that uses biomass waste to make electricity. The process is used in smokeless and odorless generators to provide electricity for commercial buildings. Farm to Flame Energy has signed a letter with Georgia-Pacific that produces 10% of US woody biomass electricity and has signed a contract to deploy a commercial unit to Think and Grow Farms Greenhouse in New Jersey. Kwaku Jyamfi and Stefano Alva founded Farm to Flame Energy in June 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $400,000. The campaign proceeds will be used for equipment, labor, and general administrative expenses.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$36,434 |
$-3,603 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$191,878 |
$804 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$306,256 |
$804 |
|
Short-Term Debt |
$9,988 |
$6,176 |
|
Long-Term Debt |
$267,206 |
$2,000 |
|
Total Liabilities |
$277,194 |
$8,176 |
Financials as of: 08/16/2022
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Analyst Report
Pending Review