Hacking Solutions

Hacking Solutions

Closed: Mar. 2023

About this raise

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.

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Investment Overview

Invested this round: $113,370

Deal Terms

Total Commitments

Platform
SMBX
Start Date
01/23/2023
Close Date
03/09/2023
Min. Goal
$40,000
Max Goal
$124,000
Min. Investment

$10

Security Type

Debt

Payment Schedule

Monthly

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.50%

Term Length

3.0 years

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Tony Beaman
Title
CEO

Financials

 Revenue +192% YoY
$1,324,848
as of FY2021
 Monthly Burn
$10,299
as of FY2021
 Runway
5.8 months
as of FY2021
 Gross Margin
58%
as of FY2021

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/09/2023 SMBX - $113,370 Debt Funded RegCF
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Hacking Solutions on SMBX 2023
Platform: SMBX
Security Type: Debt

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Warning: according to the close date for this deal, Hacking Solutions may no longer be accepting investments.

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