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LPPFusion

Operating

LAWRENCEVILLE PLASMA PHYSICS INC

Energy & Cleantech · Middlesex, NJ · Founded 2003

Woman-founded
Visit website2,752 followers on WeFunder · as of Sep 10, 2026

Cheap, safe, and clean energy generator: the power of the sun recreated on Earth

Post-money valuation
$107.0M
As of Jul 2026 · from Reg CF Offering (2026) · pre-money + amount raised, not a traded price
Total raised
$3,483,197
Across 9 rounds since 2017
Latest share price
$30.00
Reg CF Offering (2026) offering price

Financials

FY2015–FY2025 · from SEC filings · hover any figure for its source
$4K
−$914K
2018
$230K
−$586K
2019
$0
−$737K
2020
$129K
−$702K
2021
$10K
−$598K
2022
$0
−$537K
2023
$0
−$806K
2024
$0
−$1.2M
2025
RevenueNet income — beside revenue when positive, below the line when a loss

Chart shows the most recent 8 fiscal years; 3 earlier years are in the table below.

Metric
FY2015
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Income statement
Revenue
$168,159
$29,750
$6,739
$3,865
$229,983
$0
$128,501
$9,669
$0
$0
$0
Cost of goods sold
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Gross margin
100%
100%
100%
100%
100%
100%
100%
Net income
-$563,836
-$652,900
-$664,511
-$913,589
-$586,228
-$737,056
-$702,312
-$598,414
-$537,119
-$805,626
-$1,163,505
Taxes paid
$775
$375
$800
$1,000
$500
$1,125
$0
$0
$742
$1,162
$500
Balance sheet
Cash
$5,927
$70,241
$11,060
$350,041
$59,323
$246,004
$254,143
$88,713
$14,864
$716,939
$38,389
Accounts receivable
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Total assets
$508,203
$569,363
$488,206
$784,483
$420,385
$624,019
$651,669
$435,792
$411,739
$1,074,977
$320,151
Short-term debt
$35,817
$23,761
$105,134
$26,044
$104,425
$247,480
$11,989
$49,081
$75,038
$62,090
$40,891
Long-term debt
$35,859
$47,475
$13,000
$0
$0
$0
$0
$0
$58,394
$33,950
$8,599
Total liabilities
$71,676
$71,236
$118,134
$26,044
$104,425
$247,480
$11,989
$49,081
$133,432
$96,040
$49,490
Other
Headcount
4
3
4
4
3
3
3
3
3

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
$39.9M
post-money
$49.6M
post-money
$69.0M
post-money
$68.3M
post-money
$74.5M
post-money
$84.4M
post-money
$107.0M
post-money
Reg CF Offering (2019)
LPPFusion Stock 3
LPPFUSION Common Stock 4
LPPFUSION Common Stock 5
LPPFUSION Common Stock 6
LPP Fusion Common Stock 7
Reg CF Offering (2026)

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

Reg CF Offering (2026)OpenReg CF · Common Equity · via WeFunder
Raised $310.9K / $4.5MInvestors 281Post-money $107M
Reg CF Offering (2025)ClosedReg CF · Preferred Equity · via WeFunder
Raised $0 / $4.8M
LPP Fusion Common Stock 7ClosedReg CF · Common Equity · via StartEngine
Raised $0 / $124KPost-money $84.4M
LPPFUSION Common Stock 6ClosedReg CF · Common Equity · via WeFunder
Raised $231.6K / $4.8MInvestors 273Post-money $74.5M
LPPFUSION Common Stock 5ClosedReg CF · Common Equity · via WeFunder
Raised $461.9K / $4MInvestors 590Post-money $68.3M
LPPFUSION Common Stock 4ClosedReg CF · Common Equity · via WeFunder
Raised $246.4K / $4MInvestors 308Post-money $69M
LPPFusion Stock 3ClosedReg CF · Common Equity · via WeFunder
Raised $611.9K / $1.1MInvestors 776Post-money $49.6M
Reg CF Offering (2019)ClosedReg CF · Common Equity · via WeFunder
Raised $575.3K / $1.1MInvestors 270Post-money $39.9M
Reg CF Offering (2017)ClosedReg CF · Common Equity · via WeFunder
Raised $1M / $1.1M

Team

9 people
Eric J. LernerFounder
President and Chief Scientist

A leading physicist in dense plasma focus research for 40 years. Eric developed an original model of the role of the quantum magnetic field effect and has pioneered in the application of astrophysical results to fusion energy research.

Ivana Karamitsos
Chief Information Officer, Communications Director

Ivy has been with LPPFusion for twelve years. She manages IT work, directs the company's PR and communications, and writes and produces diverse media content, including videos and website development. Ivy graduated Computer Science at Binghamton SUNY.

Dr. Syed Hassan
Research Scientist

Dr. Hassan, a plasma physicist, has more than 20 years experience with the dense plasma focus device. Before joining LPPFusion in 2015, he worked for Purdue University's School of Nuclear Engineering.

Muhammad Hamza
Fundraising Speciallist

Managing LPPFusion's campaign growth — from Meta Ads generating above-industry returns to investor outreach reaching thousands. Building the bridge between published, peer-reviewed fusion science and the community that fuels the reaction.

Saleh Shokat
Consultant
Sam Grund
Research Assistant

Sam Grund is local talent, having grown up in Montclair, NJ. He holds a degree in computer science and mathematics from Oberlin College and brings a decade of experience from the tech startup world to the pursuit of aneutronic fusion with the DPF.

Rudolph Fritsch
Secretary
Dejan Simurdic
Team member
Mladen Djuric
Team member

Names and titles as disclosed on SEC Form C, WeFunder. 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 6 of 9 annual reports (FY2017–FY2025)

776 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 CJul 6, 20260001453982-26-000007
    EDGAR
  • Form C-ARJul 2, 20260001453982-26-000003
    EDGAR
  • Form CMar 6, 20250001670254-25-000152
    EDGAR
  • Form C-ARMar 4, 20250001670254-25-000144
    EDGAR
  • Form C-UDec 16, 20240001665160-24-001814
    EDGAR
  • Form CNov 22, 20240001665160-24-001699
    EDGAR
  • Form CMar 4, 20240001670254-24-000172
    EDGAR
  • Form C-UMar 1, 20240001670254-24-000168
    EDGAR
Source: ManualCIK 0001453982Share price $30.00

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.