Financials

We have financial statements ending December 31, 2021. Our cash in hand is $408,936, as of February 2023. Over the three months prior, revenues averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $30,000/month.

At a Glance
May 25 – Dec 31, 2021

Risks

1. An investment in Sirocco Energy is speculative and may involve substantial investment and other risks. Such risks may include, without limitation, risk of adverse or unanticipated market developments, risk of market competition, risk with respect to the execution of Sirocco Energy’s business objectives, and risk of illiquidity. The performance results of an investment in Sirocco Energy stock can be volatile. No representation is made that the Sirocco Energy will achieve certain performance goals or that any investment in Sirocco Energy will make any profit or will not sustain losses. Past performance is no indication of future results. There may be no secondary market for the Sirocco Energy stock and it may be subject to substantial transfer restrictions.
2. Although Sirocco Energy already has a developed product that is ready for the production, Sirocco Energy may make changes to the product for any number of reasons.
3. Our future success depends on the efforts of a small management team. The loss of services of the members of the management team may have an adverse effect on the company. There can be no assurance that we will be successful in attracting and retaining other personnel we require to successfully grow our business.
4. Sirocco Energy may rely on third parties manufacturing to assemble the wind turbines. Sirocco Energy may be unable to retain third parties manufacturing with the requisite expertise, and those it does retain may not adequately perform their obligations under an agreement with Sirocco Energy.
5. Forward looking statements and projections are subject to a number of assumptions, risks and uncertainties which may cause actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by these forward-looking statements and projections.
   These and other factors could adversely affect the outcome and financial effects of the plans and events of Sirocco Energy and may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements.
   No statement is intended to be nor may be construed as a profit forecast. Prospective investors are cautioned not to invest based on these forward-looking statements and projections.
6. Sirocco Energy develops new and novel technology. In addition to the risks outlined, there are other risks associated with Sirocco Energy, including those that Sirocco Energy cannot anticipate.
7. The Company currently, in an effort to attract investors, offers certain benefits (rewards/perks), free of charge. For example, membership to the Sirocco Energy platform that can track electricity generation or leasing of wind turbine for a certain period of time is sometimes provided free of charge to certain investors. At some point, however, Sirocco Energy may abandon such benefits, in which case any benefits (rewards/perks) that have been or are being provided would no longer be benefits.
8. The Company may never receive a future equity financing or elect to convert the Securities upon such future financing. In addition, the Company may never undergo a liquidity event such as a sale of the Company or an IPO. If neither the conversion of the Securities nor a liquidity event occurs, the Purchasers could be left holding the Securities in perpetuity. The Securities have numerous transfer restrictions and will likely be highly illiquid, with no secondary market on which to sell them. The Securities are not equity interests, have no ownership rights, have no rights to the Company’s assets or profits and have no voting rights or ability to direct the Company or its actions.
9. Sirocco Energy has assembled a quality team to grow the company. However, it is possible that the company will not be able to successfully implement future components of the business model. If Sirocco Energy is unable to operationalize key functionality, or the market does not respond positively to the key features, some or all of the usefulness of Sirocco Energy platform may be at risk, despite any corrective actions Sirocco Energy may take.
10. If Sirocco Energy runs out of cash and not able to successfully monetize the business and/or raise additional capital, it may need to liquidate the business.
11. The Company, as are all companies, operating in unprecedented times with the onset of COVID-19 (Coronavirus). The impact that COVID-19 will have on the operations of the business, its financial performance, and its ability to attract and maintain customers and users are all performance factors that, at this time, are uncertain.
12. A potential lack of use or public interest in the Sirocco Energy wind turbine and change in the legal and regulatory environment in the renewable energy industry could negatively impact Sirocco Energy’s business operations and revenue streams.
13. The Company may change its financial monetization strategy in the future that can drastically impact financial projections. For example, the Company may elect for a longer period to offer free services in order to attract more customers/users. Such decisions may impact the financial plan and projections that were stated earlier by the management.

Other Disclosures

Use of Funds

$50,000

40% - Product development. Sirocco Energy plans to continuously improve its wind turbine and make it available in various sizes. Moreover, we plan to introduce iOS and Android apps where customers will be able to track daily energy generation. 40% - Business Development and Sales. Our goal is to have superb business development and sales/marketing. Sirocco Energy will run its marketing on а lean, cost-efficient basis in order to keep user acquisition costs to one of the lowest in the industry. 13.5% - Admin and OPEX. Since the beginning, Sirocco Energy ran а lean, cost­ effective start-up and plans to continue to do so in the future. We envision day-to-day operations expenses, such as rent, bookkeeping, testing facility for the wind generator and others. 6.5% - Wefunder fee.

$1,070,000

35% - Product development. Sirocco Energy plans to continuously improve its wind turbine and make it available in various sizes. Moreover, we plan to introduce iOS and Android apps where customers will be able to track daily energy generation. 35% - Business Development and Sales. Our goal is to have superb business development and sales/marketing. Sirocco Energy will run its marketing on а lean, cost-efficient basis in order to keep user acquisition costs to one of the lowest in the industry. 13.5% - Admin and OPEX. Since the beginning, Sirocco Energy ran а lean, cost­ effective start-up and plans to continue to do so in the future. We envision day-to-day operations expenses, such as rent, bookkeeping, testing facility for the wind generator and others. 10% - Legal. Our goal is to expand internationally and offer our product to users in many countries. In order to be able to be able to operate on a global scale we will need to establish а solid legal foundation for Sirocco Energy. 6.5% - Wefunder fee.