Cutting Edge Superconductors

Cutting Edge Superconductors

Early Stage

Making Helium-Free MRIs Possible

Making Helium-Free MRIs Possible

Overview

Raised this Round: Raised: $81,373

Total Commitments ($USD)

Platform

Netcapital

Start Date

01/31/2024

Close Date

08/28/2024

Min. Goal
$10,000
Max. Goal
$598,212
Min. Investment

$99

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.10

Pre-Money Valuation

$12,277,554

Year Founded

2011

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

MAYAGUEZ, Puerto Rico

Business Type

Growth

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

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-34,202

$-16,548

Summary Balance Sheet

FY 2022 FY 2021

Cash

$2,308

$7,984

Accounts Receivable

$0

$0

Total Assets

$139,581

$152,883

Short-Term Debt

$0

$0

Long-Term Debt

$228,178

$207,278

Total Liabilities

$228,178

$207,278

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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