American Drone Company

Overview

Raised to Date: 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
unlikely
Avg. Daily Raise

$130

Momentum
cold.svg
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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

Business Type

Growth

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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xCraft on PicMii 2022
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Platform: PicMii
Security Type: Equity - Common
Valuation: $53,872,550
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