Flash Scientific Technology

Flash Scientific Technology

Growth Stage

Lightning Prediction Technology

Lightning Prediction Technology

Overview

Raised this Round: Raised: $631,048

Total Commitments ($USD)

Platform

StartEngine

Start Date

02/15/2023

Close Date

04/30/2023

Min. Goal
$10,000
Max. Goal
$2,999,999
Min. Investment

$101

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.75

Pre-Money Valuation

$90,669,879

Year Founded

2020

Industry

Energy, Power, & Natural Resources

Tech Sector

AgriTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Location

Palmetto, Georgia

Business Type

Growth

Flash Scientific Technology, with a valuation of $90.67 million, is raising funds on StartEngine. It is a weather intelligence company that uses artificial intelligence to predict lightning. Flash Scientific Technology has the patented prototype to predict lightning with 15-25 minutes of lead time, 96.5% accuracy in summer, and 99.6% accuracy in other seasons. The company has recently signed a deal with Baron Industries and partnered with 1200.aero to bring the technology to airports and news outlets. Jason Deese founded Flash Scientific Technology in August 2020. The current crowdfunding campaign has a minimum target of $9,999.75 and a maximum target of $3 million. The campaign proceeds will be used for marketing, research and development, and working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$-19,905

Summary Balance Sheet

FY 2022 FY 2021

Cash

$658,542

$63

Accounts Receivable

$0

$0

Total Assets

$839,329

$63

Short-Term Debt

$5,000

$4,567

Long-Term Debt

$0

$0

Total Liabilities

$5,000

$4,567

Financials as of: 02/15/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Flash Scientific Technology 04/29/2023 StartEngine $90,669,879 $631,048 Equity - Common Funded RegCF
Flash Scientific Technology 06/15/2022 StartEngine $89,755,758 $401,578 Equity - Common Funded RegCF
Flash Scientific Technology 04/29/2021 StartEngine $10,200,000 $1,069,158 Equity - Common Funded RegCF
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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.

Valuation History

Price per Share History

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

Employee History

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Flash Scientific Technology on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $90,669,879
Price per Share: $0.75

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Follow Flash Scientific Technology on StartEngine 2023

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