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ALFADAN, Inc.

Operating

ALFADAN INC.

Transportation · Miramar, FL · Founded 2017

Re-defining the outboard engine

Post-money valuation ⓘ
$33.4M
As of Apr 2022 · from Reg A Offering (2021) · pre-money + amount raised, not a traded price
Total raised
$1,851,446
Across 2 rounds since 2020
Latest share price
$2.00
Reg A+ · Common Stock · Jun 2021 offering price

Financials

FY2018–FY2020 · from SEC filings · hover any figure for its source
$199K
$30K
2018
$0
−$25K
2019
$0
−$873K
2020
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018 reviewed*
FY2019 audited
FY2020
Income statement
Revenue
$199,229
$0
$0
Cost of goods sold
$14,593
$0
$0
Gross margin
93%
—
—
Net income
$29,561
-$25,346
-$872,836
Taxes paid
$12,038
$0
$0
Balance sheet
Cash
$42,141
$611
$88,455
Accounts receivable
$0
$0
$108,349
Total assets
$75,034
$10,552
$227,020
Short-term debt
$15,491
$3,249
$3,133
Long-term debt
$0
$0
$0
Total liabilities
$15,491
$3,133
$3,133
Other
Headcount
—
2
2

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$15.0M
pre-money
$32.6M
pre-money
Reg CF · Common · May 2020
Reg A+ · Common · Jun 2021

Blue bars are the pre-money valuation the company stated for a priced round.

Share price over rounds

$2.00$1.00$1.00
May 2020Jun 2021
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Share counts as of May 7, 2021
ClassOutstandingVotes / shareShare of totalLast price
Common Stock16,298,206—100.0%$2.00Jun 2021

Principal holders% as the filing states it, May 7, 2021

  • Alberto Francisco Araujo10,029,851 Common Stock61.5%of company
  • Omar Jimenez5,100,000 shares31.3%of company
  • Everyone else (not named in filings)7.17%

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $781.5K / $6.8MInvestors 650Post-money $33.4M
Raised $1.1M / $1.1MInvestors 1,655Post-money $16.1M

Team

3 people
Alberto AraujoFounder
Chief Executive Officer

Mr. Araujo founded and has served as the CEO of the Company since October 2017. From 1989 to 2017, Mr. Araujo served as the President of Amtech Industries Inc, an entity which he also founded, which specialized in the field of manufacturing and sales of natural stone products. From 1993 to 2002, Mr. Araujo served as the Founding Partner and Vice President of R.A. Microjets Inc., where he headed the (a) research and development of the first miniature gas turbines used on military UAV’s and RC jet aircraft; and (b) CAD design and manufacturing of all engine parts, QA and final engine assembly and testing. Previous to that Mr. Araujo served as a Maintenance Manager at Eastern Airlines, where he managed C and D checks on commercial aircraft, as a founder and CEO of an entity which specialized in the field of non-destructive testing of large commercial aircraft engines, and as an FAA certified disassembly and assembly aircraft turbine engine mechanic and surveillance inspector. Mr. Araujo obtained a BS in Aviation Maintenance Management from Embry Riddle Aeronautical University and has obtained FAA Airframe and Power plant license certifications.

Omar JimenezFounder
President and Chief Operating Officer

Mr. Jimenez is a seasoned operationally oriented executive with multi-industry experience in building, strengthening, and leading public and private companies that were in various degrees of corporate maturity including start-up, stable, high growth, or turnaround situations. From November 1, 2015, through February 1, 2020, Mr. Jimenez served as Chief Operating Officer and Chief Financial Officer for a public technology development company and he has held a variety of senior management positions during his career including President of a public high-end real estate development company for five years and President of a public leisure and business travel company for five years. Mr. Jimenez holds two B.B.A. degrees from the University of Miami and an M.B.A. degree from Florida International University.

Alberto Francisco Araujo
CEO

Names and titles as disclosed on StartEngine, SEC Form 1-A, SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Delinquent

Filed 1 of 6 annual reports (FY2020–FY2025)

Missing: 2021, 2022, 2023, 2024, 2025

1,655 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form 253G2Mar 18, 20220001477932-22-001502
    EDGAR
  • Form 253G2Oct 27, 20210001477932-21-007619
    EDGAR
  • Form 1-SASep 15, 20210001477932-21-006321
    EDGAR
  • Form C-AR/AAug 2, 20210001665160-21-001387
    EDGAR
  • Form 253G2Jun 4, 20210001477932-21-003798
    EDGAR
  • Form QUALIFJun 3, 20219999999994-21-000153
    EDGAR
  • Form 1-A/AMay 7, 20210001477932-21-002943
    EDGAR
  • Form C-ARApr 27, 20210001665160-21-000552
    EDGAR
Source: ManualCIK 0001809660FLShare price $2.00

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.