IX Water
Early Stage
Revolutionary Water Recycling Technology
Analytics
Raised: $1,713,771
Aggregate Commitments $
Platform
StartEngine
Start Date
05/20/2020
Close Date
01/25/2022
Min. Goal
$10,000
Max. Goal
$2,000,000
Min. Investment
$250
Security Type
Equity - Common
Funding Type
RegCF
Series
Pre-Seed
Pre-Money Valuation
$13,100,000
Rolling Commitments $
Status
Active
Reporting Date
11/28/2021
Days Remaining
58
% of Min. Goal
17,138%
% of Max. Goal
86%
Likelihood of Max
Avg. Daily Raise
$3,077
Momentum
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Location
Golden, Colorado
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
IX Water, with a pre-money valuation of $13.1 million, is raising funds on StartEngine. The company uses its proprietary and environment-friendly technology to recycle industrially contaminated water. The patented technology of IX Water is at least 50% less costly and environmentally feasible. The systems remove 99.81% of the contaminants in water at less than 50% of the cost of traditional methods. IX Water was founded by John R. Deal and Randall Wilson in 2014. The proceeds of the current round of crowdfunding, with a minimum target of $10,000 and a maximum target of $1,070,000, will be used to grow and expand the operations. IX Water’s proprietary technology was invented by scientists at Los Alamos National Laboratory, in collaboration with the University of Texas and New Mexico Tech. The company began its commercial sales program in 2019 and has received its first three purchases.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-464,417 |
$-492,333 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$6,507 |
$851 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$174,856 |
$167,543 |
|
Short-Term Debt |
$185,967 |
$129,818 |
|
Long-Term Debt |
$707,656 |
$307,870 |
|
Total Liabilities |
$893,623 |
$437,688 |
Financials as of: 05/20/2020
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