Energy Exploration Technologies, Inc.
View this filing on EDGAR (filing index, accession 0001493152-24-044450) | All Form C filings by this company on EDGAR
Filing details
| Company | Energy Exploration Technologies, Inc. | (Form C, issuer information) |
|---|---|---|
| State | PR | (Form C, issuer information) |
| Platform | DEALMAKER SECURITIES LLC | (Form C, issuer information) |
| Filing date | 2024-11-12 | (EDGAR filing index) |
| Date of incorporation | 2018-12-18 | (Form C, issuer information) |
| Employees | 103 | (Form C, issuer information) |
| Security offered | Common Stock | (Form C, offering information) |
| Price per security | $10 | (Form C, offering information) |
| Target amount | $10,004 | (Form C, offering information) |
| Maximum ask | $4,854,367 | (Form C, offering information) |
| Offering deadline | 2024-12-31 | (Form C, offering information) |
| Platform compensation | Cash fee consisting of a seven- and one-half percent (7.5%) commission based on the dollar amount of the Securities sold in the Offering | (Form C, offering information) |
Financial summary
Figures are as entered by the company in the financial summary on the cover of its Form C. They are self-reported and unaudited, and they are not taken from the financial statements filed as exhibits to the Form C, which we do not read mechanically.
| Item | Most recent fiscal year | Prior fiscal year | Source |
|---|---|---|---|
| Revenue | $210,250 | $14,250 | (Form C, financial summary) |
| Cost of goods sold | $15,777,050 | $10,601,059 | (Form C, financial summary) |
| Net income | -$14,937,941 | -$10,547,755 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $20,475,353 | $20,527,649 | (Form C, financial summary) |
| Accounts receivable | $0 | $0 | (Form C, financial summary) |
| Total assets | $31,205,121 | $23,140,173 | (Form C, financial summary) |
| Short-term debt | $2,917,454 | $865,127 | (Form C, financial summary) |
| Long-term debt | $3,370,107 | $932,658 | (Form C, financial summary) |
Mechanical checks that fired
- Going-concern language. Going-concern language appears in this offering's own Form C filing or in an amendment to it, in a sentence that states it rather than ruling it out. The quoted sentence is below. Read the auditor or accountant notes in the filing for the full context. Found in: 0001493152-24-044450, 0001493152-24-045680.
"These conditions represent material uncertainties that may cast substantial doubt about our ability to continue as a going concern."
"These conditions represent material uncertainties that may cast substantial doubt about our ability to continue as a going concern."
- Related-party language. Related-party language appears in this offering's own Form C filing or in an amendment to it, in a sentence that states it rather than ruling it out. The phrase can describe routine or unusual arrangements, so read the quoted sentence and the filing. Found in: 0001493152-24-044450, 0001493152-24-045680.
"Review, Approval and Ratification of Related Party Transactions The Board of Directors reviews and approves all related party transactions."
"Review, Approval and Ratification of Related Party Transactions The Board of Directors reviews and approves all related party transactions."
- Net loss in both years. Net income is negative in both fiscal years reported in the Form C financial summary.
- Maximum ask above 10x revenue. The maximum offering amount is more than 10 times the most recent fiscal year revenue (or revenue is $0), per the Form C.
A check means "read this part of the filing closely." It is not a judgment about how the company will do.
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