KMX Technologies
Through our proprietary technology, KMX has changed how critical minerals and lithium are secured, and provides next generation water treatment opportunities.
Overview
Raised: $61,124
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/31/2023
Days Remaining
0
% of Min. Goal
611%
% of Max. Goal
12%
Likelihood of Max
Avg. Daily Raise
$380
Momentum
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Year Founded
2020
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
KMX Technologies, with a valuation of $60.1 million, is raising funds on NetCapital. The company has developed a proprietary technology that provides next-generation water treatment while keeping the critical minerals and lithium secured. The water treatment technology of KMX Technologies works on a low-cost lease and license business model and enhances lithium recovery rates for all processes. KMX Technologies aims to fulfill the rare earth elements and magnets demand of electric vehicles, communications, and defense industries. Zachary Sadow and Bina Khan founded KMX Technologies in February 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $500,000. The campaign proceeds will be used for salaries, equipment, marketing, insurance, travel, engineering software, communications, and more.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$15,000 |
$0 |
COGS |
$0 |
$0 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-702,814 |
$-121,199 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$517,198 |
$233,507 |
Accounts Receivable |
$0 |
$0 |
Total Assets |
$879,005 |
$594,604 |
Short-Term Debt |
$0 |
$0 |
Long-Term Debt |
$326,825 |
$117,306 |
Total Liabilities |
$326,825 |
$117,306 |
Financials as of: 10/21/2022
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