Flower Turbines

Innovative Small Wind Turbines

Overview

Raised to Date: Raised: $1,130,940

Total Commitments ($USD)

Platform

StartEngine

Start Date

02/17/2023

Close Date

02/17/2024

Min. Goal

$600

Max. Goal

$12,420,000

Min. Investment

$600

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$12.00

Pre-Money Valuation

$124,570,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

03/23/2023

Days Remaining

331

% of Min. Goal

188,490%

% of Max. Goal

9%

Likelihood of Max
likely
Avg. Daily Raise

$33,263

# of Investors

640

Momentum
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Year Founded

2013

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Lawrence, New York

Business Type

Growth

Flower Turbines, with a valuation of $124.57 million, is raising funds on StartEngine through Reg A+ crowdfunding. The company has created small wind turbines that are sleek, innovative, and efficient. The turbines of Flower Turbines also address the problems of turbulence and design and are disrupting the industry through the cluster effect of its turbines. The company has launched US manufacturing and sales and is scaling up within the EU and other international markets. Dr. Daniel Farb founded Flower Turbines in 2013. The current crowdfunding campaign has a maximum target of $12.42 million. The campaign proceeds will be used for engineering, R&D, manufacturing, marketing and sales, public relations, patents and IP, and certifications.

Balance Sheet

Cash and Cash Equivalents

$2,350,678

Accounts and Notes Receivable

$133,151

Property, Plant and Equipment (PP&E)

$40,850

Total Assets

$5,205,282

Accounts Payable & Accrued Liabilities

$496,479

Long Term Debt

$53,258

Total Liabilities

$549,737

Total Stockholders' Equity

$4,655,545

Total Liabilities and Equity

$5,205,282

Statement of Comprehensive Income Information

Total Revenues

$338,643

Costs & Expenses Applicable to Rev

$477,995

Net Income

$-3,141,666

Earnings Per Share - Basic

$-0.33

Earnings Per Share - Diluted

$-0.33

Auditor: Fruci & Associates II, PLLC
Financials as of: 02/17/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Flower Turbines 02/17/2024 StartEngine $124,570,000 $1,130,940 Equity - Common Active RegA+
Flower Turbines 12/30/2021 StartEngine $61,700,000 $9,175,306 Equity - Common Funded RegA+
Flower Turbines 02/25/2021 StartEngine $26,017,770 $1,032,120 Equity - Common Funded RegCF
Flower Turbines 11/30/2019 StartEngine $7,600,000 $1,069,804 Equity - Common Funded RegCF
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Flower Turbines on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $124,570,000

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