Securlinx
Early Stage
Security Begins With Identity
Overview
Raised: $186,492
Total Commitments ($USD)
Platform
StartEngine
Start Date
07/19/2022
Close Date
10/17/2022
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$500
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$0.25
Pre-Money Valuation
$13,001,243
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,095
# of Investors
58
Momentum
Funded
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Year Founded
2004
Industry
Security, Cybersecurity, & Defense
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Securlinx, with a valuation of $13 million, is raising funds on StartEngine. The company is working on biometric identity verification and management. The company has developed a BioTOKEN that uses people’s faces and driver’s licenses to create an encrypted token that can be used to verify their identity. BioTOKEN is owned by the user, compiles all the information, and builds a trail of where the information has been used. Barry Hodge founded Securlinx in February 2004. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,069,999.75. The campaign proceeds will be used for growth and expansion.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$492,672 |
$659,925 |
|
COGS |
$210,016 |
$549,755 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$145,720 |
$-152,348 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$2,813 |
$2,144 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$3,813 |
$2,144 |
|
Short-Term Debt |
$1,497,098 |
$1,455,640 |
|
Long-Term Debt |
$26,487 |
$27,400 |
|
Total Liabilities |
$1,523,585 |
$1,483,040 |
Financials as of: 07/19/2022
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