Inland Mid-Continent Corporation
Early Stage
Mineral lessee of oil and gas leases
Overview
Platform
Rialto Markets
Start Date
02/28/2023
Close Date
02/28/2024
Min. Goal
$500
Max. Goal
$10,000,000
Min. Investment
$500
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegA+
Price Per Share
$1.00
Pre-Money Valuation
$11,500,000
Year Founded
2016
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Inland Mid-Continent Corporation is raising funds through Reg A+ crowdfunding with Rialto Markets as the Broker-Dealer. The company is a mineral lessee of oil and gas leases in its project areas. The project areas of Inland Mid-Continent Corporation include deep wells close to known hydrocarbon production and are inexpensive to drill. Overall, Inland Mid-Continent Corporation is the lessee of 91 mineral leases with a gross leased area of 1,520 acres. The current crowdfunding campaign has a maximum target of $10 million. The campaign proceeds will be used for well drilling, lease acquisitions, and startup expenses reimbursement.
Balance Sheet
|
Cash and Cash Equivalents |
$500 |
|
Property, Plant and Equipment (PP&E) |
$569,836 |
| Total Assets |
$570,336 |
|
Accounts Payable & Accrued Liabilities |
$0 |
|
Long Term Debt |
$0 |
|
Total Liabilities |
$58,896 |
|
Total Stockholders' Equity |
$511,440 |
| Total Liabilities and Equity |
$570,336 |
Statement of Comprehensive Income Information
|
Costs & Expenses Applicable to Rev |
$7,103 |
| Net Income |
$7,103 |
|
Earnings Per Share - Basic |
$0.00 |
|
Earnings Per Share - Diluted |
$0.00 |
Auditor: Turner, Stone & Company L.L.P.
Financials as of: 02/28/2023
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