xCraft
American Drone Company
Overview
Raised: $6,902
Total Commitments ($USD)
Platform
PicMii
Start Date
12/11/2022
Close Date
04/30/2023
Min. Goal
$9,994
Max. Goal
$4,930,387
Min. Investment
$500
Security Type
Equity - Common
Series
Seed
Funding Type
RegCF
Price Per Share
$9.60
Pre-Money Valuation
$53,872,550
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/02/2023
Days Remaining
87
% of Min. Goal
69%
% of Max. Goal
0%
Likelihood of Max
Avg. Daily Raise
$130
Momentum
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Location
COEUR D'ALENE, Idaho
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
Hardwaretech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
xCraft, with a valuation of $53.8 million, is raising funds on PicMii. The company designs and manufactures unmanned aerial systems for military and enterprise markets. The patented technologies of xCraft are taking the drone 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 in 2017. The current crowdfunding campaign has a minimum target of $9,993.60 and a maximum target of $4,930,387.20. The campaign proceeds will be used for technology development, product development, growth, and marketing.
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: 12/11/2022
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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 | $6,902 | 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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