Safe Zone Technologies
Early Stage
Gunfire Detection for Indoor Spaces
Overview
Raised: $66,023
Total Commitments ($USD)
Platform
StartEngine
Start Date
10/13/2021
Close Date
04/13/2022
Min. Goal
$9,999
Max. Goal
$1,069,998
Min. Investment
$297
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$4.64
Pre-Money Valuation
$19,993,760
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$365
# of Investors
64
Momentum
Funded
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Year Founded
2016
Industry
Security, Cybersecurity, & Defense
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Safe Zone Technologies, with a valuation of $20 million, is raising funds on StartEngine. The company has developed a smart technology that detects indoor gunfire instantly. The smart tech sensors of Safe Zone identify the location, type of firearm, and the number of shots in real-time and sends the information to 911 and other levels of security. Safe Zone’s try-mode sensors and artificial intelligence relays real-time data to authorities and creates a lifesaving alert system. Michael Lally and Mike Anderson founded Safe Zone Technologies in August 2016. The current crowdfunding campaign has a minimum target of $9,999.20 and a maximum target of $1,069,997.92. The campaign proceeds will be used for growth and expansion.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$190,408 |
$0 |
|
COGS |
$61,767 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,514,509 |
$-1,413,529 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$48,845 |
$403,183 |
|
Accounts Receivable |
$36,665 |
$0 |
|
Total Assets |
$1,044,857 |
$976,851 |
|
Short-Term Debt |
$660,239 |
$275,097 |
|
Long-Term Debt |
$3,147,394 |
$2,025,550 |
|
Total Liabilities |
$3,807,633 |
$2,300,647 |
Financials as of: 10/13/2021
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