Aqua Research
Improving health and safety
Overview
Raised: $29,845
Total Commitments ($USD)
Netcapital
02/06/2023
04/28/2023
$10,000
$1,234,999
$99
Equity - Common
Seed
RegCF
$1.63
$7,074,581
Rolling Commitments ($USD)
Active
03/23/2023
36
298%
2%
$663
2011
Healthcare & Pharmaceuticals
HealthTech
B2B/B2C
Low
High
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$665,355 |
$1,175,727 |
|
COGS |
$351,215 |
$550,940 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-75,010 |
$52,755 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
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 |
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Founder Profile
Aqua Research Founder Rodney Herrington on Destroying Waterborne Diseases
Safe water and a clean environment are two seemingly simple factors that play a huge role in an individual’s health. But in low-income countries, those necessities aren’t always as accessible as turning on a tap or stopping by the store for some cleaning spray. Even hospitals, where sanitation can make the difference between healing or further complications, may suffer from poor hygiene in some communities.Aqua Research is determined to combat this humanitarian crisis -- with more than a grain of salt. Its affordable, innovative technologies can create a disinfectant and purify water using salt as a main ingredient. We reached out to founder and Chief Technology Officer Rodney Herrington to learn more about the company’s sales process and the organizations it collaborates with.
Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.