Kationx
Early Stage
We heal the earth
Overview
Raised: $258,911
Total Commitments ($USD)
Platform
StartEngine
Start Date
12/13/2020
Close Date
07/28/2021
Min. Goal
$9,999
Max. Goal
$1,069,999
Min. Investment
$249
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$0.72
Pre-Money Valuation
$16,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/31/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,141
# of Investors
401
Momentum
Funded
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Year Founded
2019
Industry
Energy, Power, & Natural Resources
Tech Sector
Non-Tech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
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: 12/13/2020
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