Timeplast on StartEngine 2022 – KingsCrowd

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Timeplast on StartEngine 2022 – KingsCrowd


Safety Sort

Fairness – Frequent

Pre-Cash Valuation

$40,000,000

Reporting Date

08/24/2022

Chance of Max

unlikely

Momentum

cool.svg

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Location

Longwood, Florida

Business

Industrial Companies

Enterprise Sort

Excessive Progress

Timeplast, with a valuation of $40 million, is elevating funds on StartEngine. The corporate has developed a techno-organic materials that goes away inside 60 hours of being discarded. The fabric has the potential to switch all plastics and totally disintegrate in water. Timeplast is really sustainable, self-disappearing, plastic-free, and bio-based. Manuel Rendon based Timeplast in December 2021. The present crowdfunding marketing campaign has a minimal goal of $10,000 and a most goal of $1,070,000. The marketing campaign proceeds will likely be used for advertising, neighborhood outreach, app upkeep, and including new app options.

Abstract Revenue and Loss Assertion

Income

$14,945

$0

COGS

$1,881

$0

Tax

$0

$0

 

 

Web Revenue

$-343,664

$-288,696

Abstract Steadiness Sheet

Money

$31,504

$257,849

Accounts Receivable

$0

$0

Whole Belongings

$31,504

$257,849

Quick-Time period Debt

$570,438

$530,000

Lengthy-Time period Debt

$0

$0

Whole Liabilities

$570,438

$530,000

Financials as of: 06/21/2022

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