Hacking Solutions

Hacking Solutions

Staffing Services

Staffing Services

Overview

Raised this Round: Raised: $113,370

Total Commitments ($USD)

Platform

SMBX

Start Date

01/22/2023

Close Date

03/09/2023

Min. Goal
$40,000
Max. Goal
$124,000
Min. Investment

$10

Security Type

Debt

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.50%

Term Length

3.0 years

Year Founded

2013

Industry

Business Services, Software, & Applications

Tech Sector

Non-Tech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Location

Oakland, California

Business Type

Growth

Hacking Solutions is raising funds on SMBX. The company provides cybersecurity, IT, compliance, and workforce solutions to government entities and businesses. The business helps companies and governments solidify their security position with its technology and staff retention protocols and achieve cost reduction. Hacking Solutions provides security assessments, penetration testing, and vulnerability assessments to companies, along with IT staffing and payroll services. Anthony Beaman founded Hacking Solutions in April 2013. The current crowdfunding campaign has a minimum target of $40,000 and a maximum target of $124,000. The campaign proceeds will be used for recruiting and sales support.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$453,968

$576,256

COGS

$191,516

$160,825

Tax

$0

$0

 

 

Net Income

$-123,589

$-7,342

Summary Balance Sheet

FY 2021 FY 2020

Cash

$59,660

$-1,341

Accounts Receivable

$0

$29,423

Total Assets

$147,318

$15,739

Short-Term Debt

$1,600

$0

Long-Term Debt

$215,000

$6,885

Total Liabilities

$216,600

$6,885

Financials as of: 01/22/2023
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Hacking Solutions on SMBX 2023
Platform: SMBX
Security Type: Debt

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