HeatGen

HeatGen

Growth Stage

Your Favorite Drinks and Soups, Hot When You Want

Your Favorite Drinks and Soups, Hot When You Want

Overview

Raised this Round: Raised: $15,181

Total Commitments ($USD)

Platform

StartEngine

Start Date

09/14/2022

Close Date

12/14/2022

Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$300

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.30

Pre-Money Valuation

$10,000,000

Year Founded

2010

Industry

Food, Beverage, & Restaurants

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Austin, Texas

Business Type

Growth

HeatGen, with a valuation of $10 million, is raising funds on StartEngine. The company has developed an on-demand seed-heating packaging innovation. The device uses patented technology to heat up coffee, soup, tea, sake, or broth with a simple twist of the bottom cap. The technology of HeatGen delivers a thermal reaction to deliver ready-to-drink beverages wherever consumers want them. HeatGen product is available online, in over 100 Central Texas stores, and in all Wegman’s stores. Mark Turner founded HeatGen in May 2010. The current crowdfunding campaign has a minimum target of $9,999.90 and a maximum target of $1,069,999.80. The campaign proceeds will be used to expand with new strategic partnerships and begin mass production.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$9,634

$0

COGS

$65,995

$37,229

Tax

$0

$0

 

 

Net Income

$-1,622,848

$-1,673,825

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$78,660

$654,547

Accounts Receivable

$6,750

$0

Total Assets

$779,048

$1,379,732

Short-Term Debt

$237,982

$339,086

Long-Term Debt

$652,120

$147,979

Total Liabilities

$890,102

$487,065

Financials as of: 09/14/2022
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HeatGen on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $10,000,000
Price per Share: $0.30

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Follow HeatGen on StartEngine 2022

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