Zummo Flight Technologies

Growth Stage

A Safer More Efficient Rotor Craft System

Analytics

Platform

Self Managed

Start Date

09/23/2021

Close Date

09/22/2022

Min. Goal

$500

Max. Goal

$18,750,000

Min. Investment

$500

Security Type

Equity - Common

Funding Type

RegA+

Series

Seed

Pre-Money Valuation

$6,577,500

Location

Scottsdale, Arizona

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth

Zummo Flight Technologies is raising funds independently through Reg A+ crowdfunding. The company uses its research and development to improve the performance and safety of rotary-wing aircraft, including helicopters and drones. Zummo Flight Technologies has invented and patented the Reaction Jet Drive System (RJDS) technology that eliminates the need for moving parts. The technology of Zummo Flight Technologies makes the aircraft safer, easier to fly, more efficient, quieter, lighter, and less maintenance. Robert Zummo founded Zummo Flight Technologies in 2014. The current crowdfunding campaign has no minimum target and a maximum target of $18,750,000. The campaign proceeds will be used for technology evaluation and testing, preliminary design process, market research, and general corporate purposes.

Balance Sheet

Cash and Cash Equivalents

$30,634

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$0

Loans

$0

Property, Plant and Equipment (PP&E)

$0

Property and Equipment

$0

Total Assets

$30,634

Accounts Payable & Accrued Liabilities

$0

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$0

Total Liabilities

$0

Total Stockholders' Equity

$-757,993

Total Liabilities and Equity

$30,634

Statement of Comprehensive Income Information

Total Revenues

$0

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$0

Total Interest Expenses

$0

Depreciation and Amortization

$0

Net Income

$-121,503

Earnings Per Share - Basic

$0

Earnings Per Share - Diluted

$0

Auditor: Junaid Qazi, CPA
Financials as of: 09/23/2021
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Zummo Flight Technologies on Self Managed 2021
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Platform: Self Managed
Security Type: Equity - Common
Valuation: $6,577,500

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