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GET A PIECE OF XCRAFT REG CF 2

Powerful Flying Machines

This Reg CF offering is made available through StartEngine Capital, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

$1,065,817.72 Raised

REASONS TO INVEST

ABOUT

HEADQUARTERS
418 E Lakeside Ave Suite 08
Coeur d'Alene, ID 83814

TEAM

JD Claridge
JD Claridge
CEO, Director, and Co-Founder

JD Claridge is the CEO and co-founder of xCraft, a leading drone company developing innovative vehicles for the UAV market. JD was born with a passion for flight. Building and crashing flying toys throughout his youth taught him much about the science and art of flight vehicle design. He once built a (mostly) functional hang glider at the age of 7 and convinced his best friend to test fly it. JD’s passion for flight runs deeply through all of his pursuits. As a certified pilot, electrical engineer, airframe mechanic, and Designated Engineering Representative (DER) for the FAA, he has held key engineering roles at several aerospace OEMs and has founded his own aerospace consulting firm; Aero Designworks. In October of 2015, JD and xCraft co-founder Charles Manning were featured on ABC’s Shark Tank, making history by negotiating an unprecedented deal with all five Sharks. This catapulted xCraft into the center of the public spotlight and made household names out of xCraft’s launch products; PhoneDrone Ethos and X PlusOne. With JD at the helm, xCraft continues to engineer innovation into the DNA of every flying machine they produce. JD has been with xCraft since 2015 as CEO and Director. This is his full time job.

Charles Manning
Charles Manning
Co-Founder

Charles Manning is a co-founder of xCraft. An aviation enthusiast, Charles was immediately excited about working with JD to help make the X PlusOne a reality.Charles is founder and CEO of Kochava, a leading mobile attribution analytics platform company serving tier-one advertisers world-wide. Beginning his career at Oracle, Charles later held executive and C-Level positions at M-Code, Managed Objects, and PLAYXPERT. Prior to founding Kochava, Charles founded PLAYXPERT – which started as a gaming technology platform. After licensing the PLAYXPERT technology to Razer, Charles built a team that focused its time on building engagement platforms for entrepreneurs and agencies.

John Overby

John Overby

Advisor

John Overby manages the Tech Accelerator Program at Ignite Northwest. John was the first entrepreneur to start two back-to-back INC 500 companies (#13 followed by #104). He is a seasoned technology entrepreneur and former regional director of the North Idaho Small Business Development Center. He has served on many university and company boards over the years. His passion is helping high-tech entrepreneurs to rapidly build their companies in the Inland Northwest.

Nick Smoot

Nick Smoot

Advisor/Investor

Nick has founded and sold 3 tech companies. Now, as the founder of Innovation Collective and Mountain Man Ventures (VC fund), he is focused on redefining how cities participate in the global economy. He is a Milken Institute Young Leader and is a member of the Young Entrepreneur Council. Nick has been interviewed for or contributed to Bloomberg, Forbes, USA Today, Fast Company, Mashable, Virgin, LinkedIn, Inc. Magazine and Huffington Post.

Ben Toews

Ben Toews

Advisor and Director

Ben is the President/CEO of Bullet Tools, a developer and manufacturer of innovative construction solutions which sells products around the world. He serves on the advisory board for the Idaho Small Business Development Center and oversees the finances at Heart of the City church as Treasurer. He is a graduate of Gonzaga University where he majored in Business Administration with a concentration in International Business. Current postions: Bullet Tools- President and CEO 2012-present, Primary position Bullet Tools- Vice President 2002-2012; Heart of the City Church- Treasurer 2012-present; Idaho Small Business Development Center- Board Advisor 2013-present; Xcraft-board of directors, July 2018. Part time, one hour a week;

Elbert L. Rutan

Elbert L. Rutan

Director

As the founder of two aircraft research firms, the most aggressive aerospace research companys in the world, Mr. Rutan has developed a large variety of groundbreaking projects, showcasing some of the most innovative and energy-efficient designs ever flown. Time named him one of the top 100 most influencial people of 2005. Described by Newsweek as “the man responsible for more innovations in modern aviation than any living engineer,” Burt Rutan is an aircraft designer with a vision for the advancement of technology. In 2004, Mr. Rutan joined a highly distinguished company of innovators as the designer/developer of SpaceShipOne, the world’s first privately built manned spacecraft to reach space. The research program was funded by Paul Allen. He won the $10 million Ansari X Prize, the competition created to spur the development of affordable space tourism. Mr. Rutan is the winner of the Presidential Citizen’s Medal, the Charles A. Lindbergh Award, and is a two-time individual winner of the Robert J. Collier Trophy, given by the National Aeronautic Association for significant advances in aviation history. He is the only one alive with two Colliers. Mr. Rutan designed/developed the Voyager, the first aircraft to circle the world non-stop without refueling. Repeating that feat, his company developed the GlobalFlyer, which broke the Voyager’s record time for a non-refueled, solo flight around the world. Those aircraft remain the only ones with non-refueled world flight capability and they had to more than double the range of previous record holders. His company also developed the Ultralite, an all-composite 100 mile-per-gallon show car for general Motors. Rutan’s philosophy is that the best ideas come from collaborative efforts of small, closelyknit project teams in an environment unlimited by risk fears. He has been retired since 2011 and dedicates ~1 hour per week to his Xcraft duties.

Brandon Russell

Brandon Russell

Operations Manager

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Ben Drechsel

Ben Drechsel

Mobile App Developer

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Hunter Hiatt

Hunter Hiatt

Social Media Manager

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Christi McEvers

Christi McEvers

Office Admin

John Voorhees

John Voorhees

Military and Enterprise Support

Andrew Thrasher

Andrew Thrasher

UAV Technician

TERMS

xCraft Reg CF 2
Overview
PRICE PER SHARE
$3.56
DEADLINE
Mar 4, 2020
VALUATION
$17.73M
FUNDING GOAL
$10k - $1.07M
Breakdown
MIN INVESTMENT
$178
MAX INVESTMENT
$99,996.84
MIN NUMBER OF SHARES OFFERED
2,808
MAX NUMBER OF SHARES OFFERED
300,561
OFFERING TYPE
Equity
SHARES OFFERED
Class B Non-Voting Common Stock

Maximum Number of Shares Offered subject to adjustment for bonus shares

Most Recent Fiscal Year-End

Prior Fiscal Year-End

Total Assets

$772,786

$483,629

Cash & Cash Equivalents

$30,823

$92,786

Accounts Receivable

$163,850

$67,243

Short-Term Debt

$868,182

$788,420

Long-Term Debt

$265,323

$49,477

Revenue & Sales

$1,051,970

$119,467

Costs of Goods Sold

$31,081

$162,432

Taxes Paid

$0

$0

Net Income

-$263,201

-$728,885

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments.

PRESS

Article Image
US Marine Corps performs Hive Final Mile UAV concept demonstration

The US Marine Corps (USMC) demonstrated a capability it calls Hive Final Mile (HFM) where it wants to autonomously deploy a group of small quadcopter-style unmanned aerial vehicles (UAVs) and deliver small supplies such as food or ammunition to marines on the field.

Article Image
'Shark Tank' Officially Offers to Invest $100 Million. Here Are Its 8 Biggest On-Air Deals

xCraft is one of the biggest deals in Shark Tank history.

Article Image
Drone manufacturer XCraft thriving after Shark Tank appearance

XCraft is proving that if you build a better drone, the world will beat a path to your door. Based in Sandpoint, Idaho, XCraft’s fall appearance on the ABC TV show “Shark Tank” and two successful Kickstarter campaigns mean the startup company has plenty on its plate.

Article Image
Best Shark Tank salespitch ever: The $300 iPhone/Android drone

In case you missed it, a young aerospace engineer and a veteran software developer taught a master class in entrepreneurship on prime time television last week.

ALL UPDATES

REWARDS

Multiple investments in an offering cannot be combined to qualify for a larger campaign perk. Get rewarded for investing more into xCraft Reg CF 2.

JOIN THE DISCUSSION

0/2500

SW
Stephen Woodard

8 months ago

Is a IPO in the near future?

0

1

TC
Trent Call

a year ago

I would like to sell my shares back to xcraft, or and investor that would like to buy mine. How can I do this? Who do I contact? Please give my the proper avenues to go through.

1

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ab
alex boosalis

2 years ago

Are you guys going to update your financials. Also, I found an error on one of the pages.

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0

HM
Hip Montano

2 years ago

are we ever going to see profit

0

2

HM
Hip Montano

3 years ago

I hadn't received any update from your guys hipmonta@gmail.com

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1

DL
Douglas Liebert

3 years ago

I understand that our investments are held as book shares. Does your company hold them, or are they handled by another entity such as Colonial Stock Transfer (as an example) like some other companies here on Start Engine have used?

0

1

GB
Greg Bessert

3 years ago

Hello, I have recently changed my contact information and a investor I would appreciate a current update. Thanks, Greg B 19Auburn76@gmail.com

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0

JS
Jason Shannon

3 years ago

I was on the waiting list prior to this investment opportunity again. Will I automatically get transferred over?

2

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FC
Frank Cabrera

3 years ago

Any word as to when company will be public? All I see is fundraising and no action...

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JE
Jeffrey Egan

3 years ago

DO NOT INVEST IN THIS COMPANY!!! THEY ARE THIEVES!!! GO OVER TO KICKSTARTER AND READ THE REVIEWS FROM HUNDREDS OF PEOPLE LIKE MYSELF WHO INVESTED IN THEIR PRODUCTS 5 YEARS AGO AND STILL HAVEN'T SEEN ANYTHING AFTER YEARS OF EMPTY PROMISES AND LIES!!!

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1

HOW INVESTING WORKS

Cancel anytime before 48 hours before a rolling close or the offering end date.

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RAISED
$1,065,817.72
INVESTORS
2,120
MIN INVEST
$178
VALUATION
$17.73M

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