About
We build heat engines that allow the industry and the electrical grid to stop polluting at scale in a cost-effective way.
- Wilmington, United States of America
- Legal Name: Airthium INC.
- Company ID: 352596202
- Year Founded: 2017
- Industry: Machinery
- Website: https://www.airthium.com
- SEC Filings
Highlights
—
CF Valuation
$1.4M
Total Raised
$374.3K
Revenue
13
Employees
Indicators
Profit Margin
-327%
(-99.7%)
2022: -227.3%
Current Ratio
15.85
(116.8%)
2022: 7.31
Revenue Growth
Financials
| INCOME STATEMENT | 2023 | 2022 | 2021 | 2020 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Revenue | $374,275 | $365,549 | $230,796 | $196,621 | 90% |
| Cost of Goods Sold | $0 | $0 | $0 | $0 | — |
| Gross Profit | $374,275 | $365,549 | $230,796 | $196,621 | 90% |
| Other Costs | -$1,920,163 | -$1,532,618 | -$925,101 | -$491,603 | 291% |
| Taxes Paid | $321,933 | $336,103 | $157,945 | $118,908 | 171% |
| Net Income | -$1,223,955 | -$830,966 | -$536,360 | -$176,074 | 595% |
| BALANCE SHEET | 2023 | 2022 | 2021 | 2020 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Cash | $3,170,156 | $309,071 | $947,199 | $315,548 | 905% |
| Accounts Receivable | $0 | $0 | $0 | $0 | — |
| Total Liquidity | $3,170,156 | $309,071 | $947,199 | $315,548 | 905% |
| Other Assets | $1,856,660 | $1,858,225 | $273,349 | $189,147 | 882% |
| Total Assets | $5,026,816 | $2,167,296 | $1,220,548 | $504,695 | 896% |
| Short Term debt | $317,121 | $296,316 | $106,131 | $65,198 | 386% |
| Long Term debt | $7,828,024 | $3,820,122 | $2,133,776 | $922,496 | 749% |
| Total Debt | $8,145,145 | $4,116,438 | $2,239,907 | $987,694 | 725% |
| Other Liabilities | -$3,118,329 | -$1,949,142 | -$1,019,359 | -$482,999 | 546% |
| Total Liabilities | $5,026,816 | $2,167,296 | $1,220,548 | $504,695 | 896% |
Revenue Growth
Employee Growth
Financials
| INCOME STATEMENT | 2023 | 2022 | 2021 | 2020 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Revenue | $374,275 | $365,549 | $230,796 | $196,621 | 90% |
| Cost of Goods Sold | $0 | $0 | $0 | $0 | — |
| Gross Profit | $374,275 | $365,549 | $230,796 | $196,621 | 90% |
| Other Costs | -$1,920,163 | -$1,532,618 | -$925,101 | -$491,603 | 291% |
| Taxes Paid | $321,933 | $336,103 | $157,945 | $118,908 | 171% |
| Net Income | -$1,223,955 | -$830,966 | -$536,360 | -$176,074 | 595% |
| BALANCE SHEET | 2023 | 2022 | 2021 | 2020 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Cash | $3,170,156 | $309,071 | $947,199 | $315,548 | 905% |
| Accounts Receivable | $0 | $0 | $0 | $0 | — |
| Total Liquidity | $3,170,156 | $309,071 | $947,199 | $315,548 | 905% |
| Other Assets | $1,856,660 | $1,858,225 | $273,349 | $189,147 | 882% |
| Total Assets | $5,026,816 | $2,167,296 | $1,220,548 | $504,695 | 896% |
| Short Term debt | $317,121 | $296,316 | $106,131 | $65,198 | 386% |
| Long Term debt | $7,828,024 | $3,820,122 | $2,133,776 | $922,496 | 749% |
| Total Debt | $8,145,145 | $4,116,438 | $2,239,907 | $987,694 | 725% |
| Other Liabilities | -$3,118,329 | -$1,949,142 | -$1,019,359 | -$482,999 | 546% |
| Total Liabilities | $5,026,816 | $2,167,296 | $1,220,548 | $504,695 | 896% |
| INCOME STATEMENT | 2023 | 2022 | 2021 | 2020 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Revenue | $374,275 | $365,549 | $230,796 | $196,621 | 90% |
| Cost of Goods Sold | $0 | $0 | $0 | $0 | — |
| Gross Profit | $374,275 | $365,549 | $230,796 | $196,621 | 90% |
| Other Costs | -$1,920,163 | -$1,532,618 | -$925,101 | -$491,603 | 291% |
| Taxes Paid | $321,933 | $336,103 | $157,945 | $118,908 | 171% |
| Net Income | -$1,223,955 | -$830,966 | -$536,360 | -$176,074 | 595% |
| BALANCE SHEET | 2023 | 2022 | 2021 | 2020 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Cash | $3,170,156 | $309,071 | $947,199 | $315,548 | 905% |
| Accounts Receivable | $0 | $0 | $0 | $0 | — |
| Total Liquidity | $3,170,156 | $309,071 | $947,199 | $315,548 | 905% |
| Other Assets | $1,856,660 | $1,858,225 | $273,349 | $189,147 | 882% |
| Total Assets | $5,026,816 | $2,167,296 | $1,220,548 | $504,695 | 896% |
| Short Term debt | $317,121 | $296,316 | $106,131 | $65,198 | 386% |
| Long Term debt | $7,828,024 | $3,820,122 | $2,133,776 | $922,496 | 749% |
| Total Debt | $8,145,145 | $4,116,438 | $2,239,907 | $987,694 | 725% |
| Other Liabilities | -$3,118,329 | -$1,949,142 | -$1,019,359 | -$482,999 | 546% |
| Total Liabilities | $5,026,816 | $2,167,296 | $1,220,548 | $504,695 | 896% |
| INCOME STATEMENT | 2023 | 2022 | 2021 | 2020 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Revenue | $374,275 | $365,549 | $230,796 | $196,621 | 90% |
| Cost of Goods Sold | $0 | $0 | $0 | $0 | — |
| Gross Profit | $374,275 | $365,549 | $230,796 | $196,621 | 90% |
| Other Costs | -$1,920,163 | -$1,532,618 | -$925,101 | -$491,603 | 291% |
| Taxes Paid | $321,933 | $336,103 | $157,945 | $118,908 | 171% |
| Net Income | -$1,223,955 | -$830,966 | -$536,360 | -$176,074 | 595% |
| BALANCE SHEET | 2023 | 2022 | 2021 | 2020 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Cash | $3,170,156 | $309,071 | $947,199 | $315,548 | 905% |
| Accounts Receivable | $0 | $0 | $0 | $0 | — |
| Total Liquidity | $3,170,156 | $309,071 | $947,199 | $315,548 | 905% |
| Other Assets | $1,856,660 | $1,858,225 | $273,349 | $189,147 | 882% |
| Total Assets | $5,026,816 | $2,167,296 | $1,220,548 | $504,695 | 896% |
| Short Term debt | $317,121 | $296,316 | $106,131 | $65,198 | 386% |
| Long Term debt | $7,828,024 | $3,820,122 | $2,133,776 | $922,496 | 749% |
| Total Debt | $8,145,145 | $4,116,438 | $2,239,907 | $987,694 | 725% |
| Other Liabilities | -$3,118,329 | -$1,949,142 | -$1,019,359 | -$482,999 | 546% |
| Total Liabilities | $5,026,816 | $2,167,296 | $1,220,548 | $504,695 | 896% |
| INCOME STATEMENT | 2023 | 2022 | 2021 | 2020 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Revenue | $374,275 | $365,549 | $230,796 | $196,621 | 90% |
| Cost of Goods Sold | $0 | $0 | $0 | $0 | — |
| Gross Profit | $374,275 | $365,549 | $230,796 | $196,621 | 90% |
| Other Costs | -$1,920,163 | -$1,532,618 | -$925,101 | -$491,603 | 291% |
| Taxes Paid | $321,933 | $336,103 | $157,945 | $118,908 | 171% |
| Net Income | -$1,223,955 | -$830,966 | -$536,360 | -$176,074 | 595% |
| BALANCE SHEET | 2023 | 2022 | 2021 | 2020 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Cash | $3,170,156 | $309,071 | $947,199 | $315,548 | 905% |
| Accounts Receivable | $0 | $0 | $0 | $0 | — |
| Total Liquidity | $3,170,156 | $309,071 | $947,199 | $315,548 | 905% |
| Other Assets | $1,856,660 | $1,858,225 | $273,349 | $189,147 | 882% |
| Total Assets | $5,026,816 | $2,167,296 | $1,220,548 | $504,695 | 896% |
| Short Term debt | $317,121 | $296,316 | $106,131 | $65,198 | 386% |
| Long Term debt | $7,828,024 | $3,820,122 | $2,133,776 | $922,496 | 749% |
| Total Debt | $8,145,145 | $4,116,438 | $2,239,907 | $987,694 | 725% |
| Other Liabilities | -$3,118,329 | -$1,949,142 | -$1,019,359 | -$482,999 | 546% |
| Total Liabilities | $5,026,816 | $2,167,296 | $1,220,548 | $504,695 | 896% |
Indicators
Profit Margin
-327%
(-99.7%)
2022: -227.3%
Current Ratio
15.85
(116.8%)
2022: 7.31
Efficiency Ratio
∞
(0%)
2022: ∞
Key figures
| INCOME STATEMENT | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| Revenue Growth | 2% | ∞ | 17% | ∞ |
| Profit Margin | -327% | -227% | -232% | -90% |
| Current Ratio | 16% | 7% | 12% | 8% |
| Efficiency Ratio | 0% | 0% | 0% | 0% |
| Solvency Ratio | -15% | -20% | -24% | -18% |
| Debt Ratio | 162% | 190% | 184% | 196% |
Funding History
1 Funding Round
$1,376,403Total Raised
—CF Valuation
—Valuation Growth
| ROUND | STATUS | CLOSE DATE | RAISED | PLATFORM | SECURITY | TERMS | GROWTH | REGULATION | DAYS OPEN | START DATE |
|---|---|---|---|---|---|---|---|---|---|---|
1. Closed | Closed | Apr 29, 2024 | $1,376,403 | Wefunder | SAFE | — | — | SEC Reg CF | 647 days | Jul 22, 2022 |
