Safety Arms Systems
Growth Stage
A SAFER TOMORROW, WHILE KEEPING YOUR RIGHTS
Overview
Raised: $7,779
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/07/2024
Days Remaining
84
% of Min. Goal
78%
% of Max. Goal
1%
Likelihood of Max
Avg. Daily Raise
$141
Momentum
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Year Founded
2024
Industry
Security, Cybersecurity, & Defense
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
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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