Farm To Flame Energy

Farm To Flame Energy

Growth Stage

Clean Electricity at Half the Cost of Diesel

Clean Electricity at Half the Cost of Diesel

Overview

Raised to Date: Raised: $34,200

Total Commitments ($USD)

Platform

Wefunder

Start Date

04/18/2024

Close Date

06/15/2024

Min. Goal
$50,000
Max. Goal
$5,000,000
Min. Investment

$100

Security Type

Equity - Preferred

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.45

Pre-Money Valuation

$50,000,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/01/2024

Days Remaining

44

% of Min. Goal

68%

% of Max. Goal

1%

Likelihood of Max
unlikely
Avg. Daily Raise

$2,631

Momentum
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Year Founded

2018

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Location

Syracuse, New York

Company Website

Farm to Flame Energy, with a valuation of $50 million, is raising funds on Wefunder. The company has developed a patented combustion process that uses biomass waste to make electricity. Farm to Flame Energy uses smokeless and odorless generators to provide electricity for commercial buildings. The company has signed $20 million of contracts with Cocoa Processing Company for a 5MW combined heat and power plant and has its working product charging electric vehicles and other electric appliances. 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 $5 million. The campaign proceeds will be used for equipment, labor, general administrative expenses, hiring, and installation of 1,000KW of Farm to Flame Energy generators.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$149,582

$48,969

COGS

$20,885

$19,338

Tax

$0

$0

 

 

Net Income

$254,385

$-299,423

Summary Balance Sheet

FY 2023 FY 2022

Cash

$208,527

$20,500

Accounts Receivable

$135,000

$0

Total Assets

$846,346

$286,304

Short-Term Debt

$744,048

$592,172

Long-Term Debt

$0

$0

Total Liabilities

$744,048

$592,172
Financials as of: 04/18/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Farm To Flame Energy 06/14/2024 Wefunder $50,000,000 $34,200 Equity - Preferred Active RegCF
Farm to Flame Energy 04/29/2023 Wefunder $10,500,000 $309,172 Convertible Note Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Farm to Flame Energy on Wefunder 2024
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $50,000,000
Price per Share: $4.45

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