HyGen

HyGen

Early Stage

Hydrogen fueling stations

Hydrogen fueling stations

Overview

Raised this Round: Raised: $809,165

Platform

StartEngine

Start Date

03/21/2017

Close Date

12/31/2018

Min. Goal
$750
Max. Goal
$20,000,000
Min. Investment

$750

Security Type

Equity - Common

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$5.00

Year Founded

2014

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Location

Los Angeles, California

HyGen is raising funds on StartEngine through Reg A+ crowdfunding. The company aims to develop and build three renewable hydrogen fuelling stations in cooperation with the California Energy Commission. HyGen is a part of the State of California’s Advanced Clean Car program and plans to obtain additional grants to develop its fuelling stations. Paul Staples founded HyGen in 2014. The current crowdfunding campaign has a maximum target of $20 million. The campaign proceeds will be used for operating costs, working capital, management compensation, Phase 1 hardware and install costs, and payments of bridge notes.

Balance Sheet

Cash and Cash Equivalents

$12,621

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$472,855

Loans

$0

Property, Plant and Equipment (PP&E)

$0

Property and Equipment

$0

Total Assets

$956,871

Accounts Payable & Accrued Liabilities

$842,678

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$0

Total Liabilities

$1,264,456

Total Stockholders' Equity

$-307,585

Total Liabilities and Equity

$956,871

Statement of Comprehensive Income Information

Total Revenues

$135,078

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$488,075

Total Interest Expenses

$0

Depreciation and Amortization

$0

Net Income

$-355,411

Earnings Per Share - Basic

$-0.04

Earnings Per Share - Diluted

$-0.04

Auditor: dbbmckennon
Financials as of: 03/21/2017
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HyGen on StartEngine 2018
Platform: StartEngine
Security Type: Equity - Common
Price per Share: $5.00

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