Cutting Edge Superconductors

Cutting Edge Superconductors

Early Stage

Making Helium-Free MRIs Possible

Making Helium-Free MRIs Possible


Raised this Round: Raised: $81,373

Total Commitments ($USD)



Start Date


Close Date


Min. Goal
Max. Goal
Min. Investment


Security Type

Equity - Common



SEC Filing Type

RegCF    Open SEC Filing

Price Per Share


Pre-Money Valuation


Year Founded



Healthcare & Pharmaceuticals

Tech Sector


Distribution Model




Capital Intensity



MAYAGUEZ, Puerto Rico

Business Type


Cutting Edge Superconductors, with a valuation of $12.3 million, is raising funds on NetCapital. The company makes its worldwide patented MgB2 products for the cryogen-free 1.5T MRI. Cutting Edge Superconductors’ products include bulk samples, wires, powders, and tapes, and they help reduce the MRI cost for patients by about 40%. The primary customers of Cutting Edge Superconductors include ASG Superconductors and GE Healthcare, with potential customers including Toshiba, Hitachi, Phillips, and Siemens. Yong-Jihn Kim founded Cutting Edge Superconductors in November 2011. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $598,212. The campaign proceeds will be used for compensation for managers, equipment, materials, inventory, research and development, IP expenses, travel, rent, and utilities.

Summary Profit and Loss Statement

FY 2022 FY 2021












Net Income



Summary Balance Sheet

FY 2022 FY 2021




Accounts Receivable



Total Assets



Short-Term Debt



Long-Term Debt



Total Liabilities



Financials as of: 01/31/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Cutting Edge Superconductors 08/27/2024 Netcapital $12,277,554 $81,373 Equity - Common Active RegCF
Cutting Edge Superconductors 08/29/2023 Netcapital $8,750,000 $19,687 Equity - Common Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Cutting Edge Superconductors on NetCapital 2024
Platform: Netcapital
Security Type: Equity - Common
Valuation: $12,277,554
Price per Share: $0.10

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