Lumenco on Silicon Prairie Online 2022

Lumenco on Silicon Prairie Online 2022

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Platform

Silicon Prairie Online

Security Type

Equity – Preferred

Pre-Money Valuation

$40,000,000

Reporting Date

07/16/2022

Likelihood of Max

unlikely

Momentum

cold.svg

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Location

Englewood, Colorado

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Lumenco, with a valuation of $40 million, is raising funds on Silicon Prairie Online. The company is launching various patented technologies in different industries commercially. The flagship technology of Lumenco is its patented micro lens anti-counterfeiting technology being launched in currencies throughout the world. Lumenco works only in the protected IP space and has partnered with some of the largest banknote companies in the world. Mark Raymond founded Lumenco in April 2013. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $250,000. The campaign proceeds will be used for IP protection, marketing, and commercializing EMI shielding.

Summary Profit and Loss Statement

Revenue

$1,955,789

$0

COGS

$175,123

$206,733

Tax

$0

$0

 

 

Net Income

$-149,956

$0

Summary Balance Sheet

Cash

$333,628

$74,224

Accounts Receivable

$44,367

$214,845

Total Assets

$489,019

$397,111

Short-Term Debt

$888,787

$653,133

Long-Term Debt

$408,784

$539,532

Total Liabilities

$1,297,571

$1,192,665

Financials as of: 07/15/2022

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