LGX Energy

Growth Stage

Overview

Raised to Date: Raised: $601,600

Financials

Total Commitments ($USD)

Platform

Dalmore Group

Start Date

08/13/2023

Close Date

Not Provided

Min. Goal

$1,200

Max. Goal

$40,000,000

Min. Investment

$1,200

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegA+

Price Per Share

$4.00

Pre-Money Valuation

$82,006,664

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/06/2024

% of Min. Goal

50,133%

% of Max. Goal

Likelihood of Max

Avg. Daily Raise

$2,253

# of Investors

Momentum

Create a free account today to gain access to KingsCrowd analytics.

Logos provided by Clearbit

Year Founded

2021

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

WALLA WALLA, Washington

Business Type

Growth

Company Website

LGX Energy is raising funds through Reg A+ crowdfunding with Dalmore Group as the Broker-Dealer. The company is rediscovering American oil using the latest 3D seismic technology. LGX Energy is engaged in the exploration and development of oil and gas properties, with principal properties located in Clay County, Indiana and many identified targets. Howard Crosby and John Ryan founded LGX Energy in 2021. The current crowdfunding campaign has a maximum target of $40 million. The campaign proceeds will be used for marketing and advertising, legal and accounting expenses, consultants for business development, lease acquisition costs, seismic and processing, drilling, working capital, and general and administrative expenses.

Balance Sheet

Cash and Cash Equivalents	$648,699
Investment Securities	$0
Total Investments	$0
Accounts and Notes Receivable	$257,917
Loans	$0
Property, Plant and Equipment (PP&E)	$355,798
Property and Equipment	$355,798
Total Assets	$1,535,264

Accounts Payable & Accrued Liabilities	$0
Policy Liabilities and Accruals	$0
Deposits	$0
Long Term Debt	$0
Total Liabilities	$127,482
Total Stockholders' Equity	$1,407,782
Total Liabilities and Equity	$1,535,264

Statement of Comprehensive Income Information

Total Revenues	$292,733
Total Interest Income	$0
Costs & Expenses Applicable to Rev	$1,376,388
Total Interest Expenses	$0
Depreciation and Amortization	$27,042
Net Income	$-1,088,021

Earnings Per Share - Basic	$-0.06
Earnings Per Share - Diluted	$-0.06

Financials as of: 08/13/2023

Create a free account today to gain access to KingsCrowd analytics.

Pay Monthly

Annually (Save 17%)

: $25 /month
billed annually; Free portfolio tracking, data-driven ratings, AI analysis and reports; Plan Includes:; Everything in Free, plus; Company specific KingsCrowd ratings and analyst reports; Deal explorer and side-by-side comparison; Startup exit and failure tracking; Startup market filters and historical industry data; Advanced company search ( with ratings); Get Edge Annual Get Edge Monthly