xCraft

American Drone Company

Overview

Raised to Date: Raised: $148,195

Total Commitments ($USD)

Platform

StartEngine

Start Date

03/02/2022

Close Date

08/01/2022

Min. Goal

$9,994

Max. Goal

$4,999,997

Min. Investment

$499

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$9.60

Pre-Money Valuation

$48,874,963

Rolling Commitments ($USD)

Status
Funded
Reporting Date

08/31/2022

Days Remaining
Funded
% of Min. Goal

1,483%

% of Max. Goal

3%

Likelihood of Max
Funded
Avg. Daily Raise

$975

# of Investors

111

Momentum
Funded
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Year Founded

2017

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

COEUR D'ALENE, Idaho

Business Type

Growth

xCraft Enterprises, with a valuation of $48.9 million, is raising funds on StartEngine. The company designs and manufactures unmanned aerial systems for military and enterprise markets. The patented technologies of xCraft Enterprises are taking the drone industry to new heights, bringing improved safety and quality of life. xCraft Enterprises is backed by all five celebrity Shark Tank investors and has been featured in Techcrunch, Fortune, Business Insider, and MarketWatch. JD Claridge and Charles Manning founded xCraft Enterprises in 2017. The current crowdfunding campaign has a minimum target of $9,993.60 and a maximum target of $4,999,996.80. The campaign proceeds will be used for marketing, technology, and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$75,302

$680,677

COGS

$88,255

$13,458

Tax

$0

$0

 

 

Net Income

$-1,064,118

$-807,724

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$10,465

$33,392

Accounts Receivable

$27

$47,450

Total Assets

$238,873

$611,692

Short-Term Debt

$1,235,421

$1,104,388

Long-Term Debt

$328,326

$228,009

Total Liabilities

$1,563,747

$1,332,397

Financials as of: 03/02/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
xCraft 04/30/2023 PicMii $53,872,550 $15,388 Equity - Common Active RegCF
xCraft 08/01/2022 StartEngine $48,874,963 $148,195 Equity - Common Funded RegCF
xCraft 02/03/2022 StartEngine $35,000,000 $2,528,013 Equity - Common Funded RegA+
xCraft 02/29/2020 StartEngine $18,200,000 $1,069,937 Equity - Common Funded RegCF
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xCraft Enterprises on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $48,874,963

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