Aqua Research

Aqua Research

Early Stage

Improving health and safety

Improving health and safety

Overview

Raised this Round: Raised: $36,233

Total Commitments ($USD)

Platform

Netcapital

Start Date

02/05/2023

Close Date

04/28/2023

Min. Goal
$10,000
Max. Goal
$1,234,999
Min. Investment

$99

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.63

Pre-Money Valuation

$7,074,581

Year Founded

2011

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Albuquerque, New Mexico

Business Type

Growth

Aqua Research, with a valuation of $7.07 million, is raising funds on NetCapital. The company has developed its innovative, affordable, and sustainable disinfection technology for disinfecting surfaces and treating drinking water. The Aqua Research system uses common salt to solve disinfection supply chain issues of developing nations and makes the process cheaper, simpler, and more robust. Aqua Research has received approvals from USAID and has installed hundreds of systems in over 20 countries. Gene Rabent and Rodney Herrington founded Aqua Research in September 2011. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.23 million. The campaign proceeds will be used for sales, product development, unallocated funds, and general and administrative expenses.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$665,355

$1,175,727

COGS

$351,215

$550,940

Tax

$0

$0

 

 

Net Income

$-75,010

$52,755

Summary Balance Sheet

FY 2021 FY 2020

Cash

$108,906

$98,533

Accounts Receivable

$11,792

$0

Total Assets

$447,877

$253,788

Short-Term Debt

$630,486

$523,887

Long-Term Debt

$54,125

$0

Total Liabilities

$684,611

$523,887

Financials as of: 02/05/2023
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Aqua Research on NetCapital 2023
Platform: Netcapital
Security Type: Equity - Common
Valuation: $7,074,581
Price per Share: $1.63

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