Parallel Flight Technologies
Saving lives, property, and the environment
Overview
Raised: $740,307
Total Commitments ($USD)
StartEngine
02/06/2023
05/17/2023
$490
Equity - Common
Seed
RegCF
$10.00
$82,358,840
Rolling Commitments ($USD)
05/30/2023
$7,478
342
2018
Transportation, Automotive, Aviation, & Aerospace
Hardwaretech
B2B
Low
High
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$292,599 |
$233,349 |
|
COGS |
$0 |
$247,368 |
|
Tax |
$742 |
$800 |
| ||
| ||
|
Net Income |
$-2,704,598 |
$-2,965,401 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$1,056,902 |
$2,262,190 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,159,412 |
$2,420,718 |
|
Short-Term Debt |
$469,562 |
$205,284 |
|
Long-Term Debt |
$123,764 |
$11,764 |
|
Total Liabilities |
$593,326 |
$217,048 |
Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Parallel Flight Technologies | 05/16/2023 | StartEngine | $82,358,840 | $740,307 | Equity - Common | Funded | RegCF |
| Parallel Flight Technologies | 06/27/2022 | StartEngine | $175,318,370 | $1,304,860 | Equity - Common | Funded | RegCF |
| Parallel Flight Technologies | 06/29/2021 | StartEngine | $28,700,000 | $6,505,002 | Equity - Common | Funded | RegA+ |
| Parallel Flight Technologies | 07/27/2020 | Wefunder | $18,000,000 | $350,198 | Equity - Common | Funded | RegA+ |
| Parallel Flight Technologies | 01/12/2020 | StartEngine | $7,980,000 | $1,069,794 | Equity - Common | Funded | RegCF |
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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