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CMAX SYSTEM
OperatingCmax System, Inc.
Real Estate · Founded 2016
Foldable housing technology
Post-money valuation ⓘ
$54.9M
As of May 2025 · from Reg CF Offering (2025) · pre-money + amount raised, not a traded price
Total raised
$294,618
Across 2 rounds since 2024
Latest share price
$1.10
Reg CF Offering (2025) offering price
Financials
FY2021–FY2023 · from SEC filings · hover any figure for its source$0
−$27K
2021
$15K
−$119K
2022
$28K
−$135K
2023
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2021
FY2022
FY2023
Income statement
Revenue
$0
$15,289
$28,103
Cost of goods sold
$0
$12,222
$12,400
Gross margin
—
20%
56%
Net income
-$26,980
-$118,729
-$135,493
Taxes paid
$0
$0
$0
Balance sheet
Cash
$5,200
$22,416
$14,428
Accounts receivable
$0
$0
$30,176
Total assets
$570,299
$676,573
$593,758
Short-term debt
$8,578
$6,877
$7,043
Long-term debt
$133,885
$307,218
$359,730
Total liabilities
$142,463
$314,095
$366,773
Other
Headcount
—
7
7
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; no pill means the filing didn’t state one. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.
Valuation over rounds
Post-money = pre-money + amount raised · caps marked$50.3M
post-money
$54.9M
post-money
Reg CF Offering (2024)
Reg CF Offering (2025)
A dashed amber step is a SAFE/note valuation cap — a conversion ceiling agreed for that instrument, not a priced valuation of the company. Steps are not comparable across bases.
Fundraising history
Raised $29.4K / $618KInvestors 52Post-money $54.9M
Raised $265.2K / $1.2MInvestors 144Post-money $50.3M
Reg CF annual-report compliance
Delinquent
Filed 0 of 3 annual reports (FY2023–FY2025)
Missing: 2023, 2024, 2025
144 investors
holder-count proxy
Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.
SEC filings
Source: ManualCIK 0001696967Share price $1.10
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.