Kationx

Early Stage

We heal the earth

Analytics

Raised to Date: Raised: $258,911

Aggregate Commitments $

Platform

StartEngine

Start Date

12/14/2020

Close Date

07/29/2021

Min. Goal

$9,999

Max. Goal

$1,069,999

Min. Investment

$249

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Price Per Share

$0.72

Pre-Money Valuation

$16,000,000

Rolling Commitments $

Status
Funded
Reporting Date

08/01/2021

Days Remaining
Funded
% of Min. Goal

2,589%

% of Max. Goal

24%

Likelihood of Max
Funded
Avg. Daily Raise

$1,141

# of Investors

401

Momentum
Funded
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Location

Indialantic, Florida

Industry

Energy, Power, & Natural Resources

Tech Sector

Non-Tech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth

Kationx, with a pre-money valuation of $16 million, is raising crowdfunding on StartEngine. The company manufactures and sells its proprietary and environmentally-safe clean tech products. The products comply with regulatory and environmental standards and help in wastewater treatment and drilling industries. Bill Cox founded Kationx in 2019. The proceeds of the current crowdfunding campaign, with a minimum raise of $9,999.36 and a maximum raise of $1,069,999.20, will be used for growth, expansion, and securing new partnerships. Kationx has commercialized three products, KCD, KCD-X, and SETTApHY. The sales of the company have doubled every half-year since 2019, and revenues have doubled from 2019 to 2020.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$78,172

$6,740

COGS

$19,543

$1,685

Tax

$545

$0

 

 

Net Income

$-784,002

$-171,740

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$16,967

$11,027

Accounts Receivable

$19,281

$0

Total Assets

$170,173

$163,921

Short-Term Debt

$263,798

$94,900

Long-Term Debt

$254,084

$220,760

Total Liabilities

$517,882

$315,660

Financials as of: 12/14/2020
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Kationx on StartEngine
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $16,000,000

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