Safety Arms Systems

Safety Arms Systems

Growth Stage

A SAFER TOMORROW, WHILE KEEPING YOUR RIGHTS

A SAFER TOMORROW, WHILE KEEPING YOUR RIGHTS

Overview

Raised to Date: Raised: $7,277

Total Commitments ($USD)

Platform

PicMii

Start Date

03/13/2024

Close Date

07/30/2024

Min. Goal
$9,999
Max. Goal
$1,235,000
Min. Investment

$500

Security Type

Equity - Preferred

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.68

Pre-Money Valuation

$55,635,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

106

% of Min. Goal

73%

% of Max. Goal

1%

Likelihood of Max
unlikely
Avg. Daily Raise

$221

Momentum
cold.svg
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Year Founded

2024

Industry

Security, Cybersecurity, & Defense

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Wildomar, California

Business Type

Growth

Safety Arms Systems, with a valuation of $55.6 million, is raising funds on PicMii. The company has developed advanced smart gun technology to revolutionize the firearms industry. Safety Arms Systems aims to reduce gun violence and empower responsible gun ownership by introducing safety features into firearms that distinguish authorized users and integrate with digital security systems. The weapon system of Safety Arms Systems includes a patented internal locking mechanism, cellular connectivity to lock and unlock the weapon, and a mobile app to track and lock/unlock the weapon. Edmond Dadisho founded Safety Arms Systems in January 2024. The current crowdfunding campaign has a minimum target of $9,999.40 and a maximum target of $1.23 million. The campaign proceeds will be used for R&D, testing fees and equipment, and salaries.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-57,611

$-38,573

Summary Balance Sheet

FY 2023 FY 2022

Cash

$176

$28,273

Accounts Receivable

$0

$0

Total Assets

$28,273

$176

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 03/13/2024
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Safety Arms Systems on PicMii 2024
Platform: PicMii
Security Type: Equity - Preferred
Valuation: $55,635,000
Price per Share: $0.68

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