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Epilog

Operating

EPILOG IMAGING SYSTEMS INC.

Healthcare · San Jose, CA · Founded 2010

TRANSFORMING HOW MACHINES SEE THE WORLD

Post-money valuation ⓘ
$29.1M
As of Jan 2026 · from Reg CF Offering (2025) · pre-money + amount raised, not a traded price
Total raised
$12,895,573
Crowd $8.6M · Private $4.3M · 10 rounds since 2018
Latest share price
$0.61
Reg CF · Common Stock · Mar 2025 offering price

Financials

FY2017–FY2025 · from SEC filings · hover any figure for its source
$0
−$61K
2018
$10K
−$65K
2019
$10K
−$292K
2020
$0
−$1.1M
2021
$0
−$1.0M
2022
$0
−$1.1M
2023
$0
−$531K
2024
$0
−$946K
2025
RevenueNet income — beside revenue when positive, below the line when a loss

Chart shows the most recent 8 fiscal years; 1 earlier year is in the table below.

Metric
FY2017 reviewed
FY2018 reviewed
FY2019
FY2020 audited
FY2021 audited
FY2022 audited
FY2023 audited
FY2024 audited
FY2025 audited
Income statement
Revenue
$0
$0
$9,990
$10,000
$0
$0
$0
$0
$0
Cost of goods sold
$0
$0
$0
$0
$0
$0
$0
$523,569
$945,140
Gross margin
—
—
100%
100%
—
—
—
—
—
Net income
-$93,073
-$61,073
-$64,856
-$291,963
-$1,062,326
-$1,009,439
-$1,142,969
-$531,267
-$945,765
Taxes paid
$0
$0
$0
$0
$0
$0
$0
$0
$0
Balance sheet
Cash
$605
$528
$30,704
$376,482
$1,256,284
$820,311
$165,109
$20,954
$1,458,110
Accounts receivable
$0
$0
$0
$0
$0
$0
$0
$0
$0
Total assets
$336,069
$323,634
$359,565
$713,591
$1,612,120
$1,422,013
$576,977
$352,584
$2,033,716
Short-term debt
$371,562
$419,974
$555,316
$412,882
$461,809
$515,419
$417,512
$549,611
$632,388
Long-term debt
$0
$0
$0
$0
$0
$0
$0
$0
$148,918
Total liabilities
$371,562
$419,974
$555,316
$412,882
$461,809
$515,419
$415,649
$549,611
$781,306
Other
Headcount
—
3
3
9
5
6
6
8
4

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
$9.3M
est. pre-money
$9.2M
pre-money
$10.3M
est. pre-money
$21.2M
pre-money
$17.8M
est. pre-money
$53.1M
pre-money
$46.7M
est. pre-money
$60.1M
pre-money
$25.1M
pre-money
Private · Common · Oct 2018
Reg CF · Common · Feb 2020
Section 4(a)(2) · Common · Jan 2021
Reg A+ · Common · Mar 2021
Private · Common · Jan 2021
Reg CF · Common · Dec 2022
Reg CF · Common · Jan 2024
Reg CF · Common · Mar 2024
Reg CF · Common · Mar 2025

Blue bars are the pre-money valuation the company stated for a priced round. Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher.

Share price over rounds

$1.6469$0.8234$0.2842
Oct 2018Mar 2025
Round offering price or verified disclosed saleDisclosed sale, unverified or year-onlyDown round · Jan 2021 (-42.4%) · Dec 2022 (-41.8%) · Dec 2023 (-31.5%) · Dec 2024 (-78.8%)

“Today's shares” restates every price in the share terms current now, so a price before a split or an LLC→corporation conversion is divided by that event's ratio (each event is cited on the round page). 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 Dec 31, 2025
ClassOutstandingVotes / shareShare of totalLast price
Common Stock39,384,539—100.0%$0.61Mar 2025

Shares outstanding over timein today's share terms

39M20M0
Dec 2017Dec 2025
Common StockRound openedSplit / conversion

Sold to the crowd

  • Reg CF · Sep 2019$258K
  • Reg CF · Feb 20202,853,330 shares at $0.375 in today's terms · sold as 1,426,665 shares at $0.75; since then a 2-for-1 split (Feb 2025)$1.1M· 2,790 investors
  • Reg A+ · Mar 20215,298,270 shares at $0.70 in today's terms · sold as 2,649,135 shares at $1.40; since then a 2-for-1 split (Feb 2025)$3.7M· 3,410 investors
  • Reg CF · Dec 2022112,982 shares at $1.42 in today's terms · sold as 56,491 shares at $2.83; since then a 2-for-1 split (Feb 2025)$159.9K· 371 investors
  • Reg CF · Jan 202424,758 shares at $1.42 in today's terms · sold as 12,379 shares at $2.83; since then a 2-for-1 split (Feb 2025)$35K· 47 investors
  • Reg CF · Mar 2024198,252 shares at $1.52 in today's terms · sold as 99,126 shares at $3.03; since then a 2-for-1 split (Feb 2025)$300.4K· 269 investors
  • Reg CF · Mar 20255,029,033 shares at $0.61$3.1M· 2,161 investors

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 $3.1M / $4.8MInvestors 2,161Post-money $29.1M
Raised $300.4K / $4.7MInvestors 269Post-money $60.4M
Raised $35K / $4.5MInvestors 47Est. pre-money $46.7M
Raised $159.9K / $5MInvestors 371Post-money $53.6M
Raised $2.6MEst. pre-money $17.8M
Raised $3.7M / $5MInvestors 3,410Post-money $24.9M
Raised $13.3KEst. pre-money $10.3M
Raised $1.1M / $1.1MInvestors 2,790Post-money $10.3M
Reg CF · Debt · Sep 2019Withdrawnvia SeedInvest
Raised $258K / $1.1M
Raised $1.7MEst. pre-money $9.3M

Team

6 people
Lance MojaverFounder
CTO/Director

As the principal architect and developer for AI devices at Epilog, Lance has a proven track record of over ten years in real-time video software and vision systems, from hardware design to finished product. His passion lies in creating advanced vision solutions for robotic and consumer use cases, and his current work centers on AI training and developing the structured 3D data crucial for self-driving applications.

Michael MojaverFounder
CEO/Director

Michael Mojaver is currently Epilog’s Chief Executive Officer. He has served in that position from June 2010 to the present date. Michael’s background is in starting, funding and leading technology companies in the United States and internationally. Michael has studied and worked at UC San Diego, Cornell University from 1989- 1996, Fermilab and CERN (Switzerland). Michael’s first venture in 1996 was a microchip design company for vision products. Prior to founding Epilog, he was the CEO of GIG from 2008 until 2010. Michael holds a BS in engineering and physics from University of California San Diego, obtained in 1989.

Kelly Jay Stopher
Chief Financial Officer

Mr. Stopher has 30 years of experience in accounting and finance. Mr. Stopher is the Managing Partner of Palouse Advisory Partners, LLC, providing Chief Financial Officer (“CFO”) services to clients. Mr. Stopher has developed strategies to implement financial management systems, internal control policies and procedures, financial reporting and modeling for numerous small-cap companies. Mr. Stopher was appointed Chief Financial Officer of Star Gold Corp. on October 20, 2010. Mr. Stopher was previously also CFO for Epilog Imaging Systems, Inc. and United States Antimony Corporation. Mr. Stopher was previously the CFO of Zenlabs Holdings, Inc. Mr. Stopher holds a Bachelor’s degree from Washington State University in Business Administration – Accounting. He started his career in public accounting with Langlow Tolles & Company, PS, a regional CPA firm based in Tacoma, WA and has worked in various accounting and finance positions of leadership including startups, reorganizations and mature companies. Mr. Stopher is also a Certified Financial Modeling Valuation Analyst and a Certified Public Accountant. Kelly is currently working 20 hours a week on Epilog.

Marc Munford
VP Business Development/Secretary

Marc leads Epilog's Consumer OEM Market Channel Development. With an extensive Silicon Valley startup background, he co-founded NetDrive, the first Internet personal storage service. Marc has built and led sales and business development at companies like Visto/Good Technology, Funambol, Treasure Data, and Wollongong/Attachmate. Early in his career, he worked as a software engineer for Steve Jobs at NeXT and has strong connections to major sports franchises from his football background.

Dieter Koller
R&D
Rony Greenberg
Director

Business leader with a proven track record of driving significant revenue, margin, and profit growth. Skilled at managing complex global organizations and cross-functional teams. Expert negotiator and communicator with a talent for building client relationships and closing high-value partnerships. Motivational leader who develops strategies and delivers results that exceed objectives. Rony has extensive experience in Silicon Valley startups.

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

Reg CF annual-report compliance

Not required3+ reports filed & assets ≤ $10M

Filed 7 of 7 annual reports (FY2019–FY2025)

3,410 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 1-SASep 28, 20260001477932-26-005840
    EDGAR
  • Form 1-USep 18, 20260001477932-26-005696
    EDGAR
  • Form 1-UAug 27, 20260001477932-26-005281
    EDGAR
  • Form 1-UJun 5, 20260001477932-26-003653
    EDGAR
  • Form C-ARJun 2, 20260001477932-26-003581
    EDGAR
  • Form 1-SAJun 1, 20260001477932-26-003545
    EDGAR
  • Form 1-SAJun 1, 20260001477932-26-003546
    EDGAR
  • Form 1-KMay 7, 20260001477932-26-002812
    EDGAR
Source: ManualCIK 0001783128DEShare price $0.61

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.