LiquidPiston

LiquidPiston

Early Stage

The combustion engine reimagined

Overview

Raised to Date: Raised: $1,000,000

Total Commitments ($USD)

Platform

Wefunder

Start Date

10/17/2016

Close Date

04/07/2017

Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

Convertible Note

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$25,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/29/2017

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$5,848

Momentum
Funded
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Year Founded

2004

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Cleantech

Location

Bloomfield, Connecticut

LiquidPiston, with a valuation of $25 million, is raising funds on Wefunder. The company develops advanced rotary internal combustion engines based on its patented thermodynamic cycle and rotary engine architecture. The technology makes the engines more powerful, efficient, compact, and scalable. The company has 45 issued and pending patents in the US and internationally and has signed several contracts. Alexander Shkolnik and Nikolay Shkolnik founded LiquidPiston in 2004. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,000,000. The campaign proceeds will be used for general operations and working capital.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$2,150

$-2,878

 

 

Net Income

$-2,381,300

$-2,726,626

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$425,569

$809,238

Accounts Receivable

$57,600

$83,142

Total Assets

$1,293,377

$1,704,357

Short-Term Debt

$2,416,993

$2,339,580

Long-Term Debt

$0

$0

Total Liabilities

$2,416,993

$2,339,580

Financials as of: 10/17/2016
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
LiquidPiston 10/24/2023 Dealmaker Securities $184,000,000 $28,030,000 Equity - Common Funded RegA+
LiquidPiston 06/24/2021 StartEngine $56,800,000 $16,712,642 Equity - Common Funded RegA+
LiquidPiston 03/30/2020 StartEngine $51,633,010 $1,043,462 Equity - Common Funded RegCF
LiquidPiston 03/15/2019 Wefunder $30,000,000 $1,070,000 Convertible Note Funded RegCF
LiquidPiston 04/06/2017 Wefunder $25,000,000 $1,000,000 Convertible Note Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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LiquidPiston on Wefunder 2016
Platform: Wefunder
Security Type: Convertible Note
Valuation: $25,000,000

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