Eyedetec Medical
Early Stage
Chronic Dry Eye Therapy Reimagined
Overview
Raised: $0
Total Commitments ($USD)
Platform
StartEngine
Start Date
02/22/2024
Close Date
04/23/2024
Min. Goal
$14,996
Max. Goal
$1,234,996
Min. Investment
$497
Security Type
Equity - Preferred
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$3.88
Pre-Money Valuation
$15,198,193
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/23/2024
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2010
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B2C
Margin
High
Capital Intensity
Low
Eyedetec Medical, with a valuation of $15.2 million, is raising funds on StartEngine. The company is developing a product for the treatment of chronic dry eye. Eyedetec Medical’s device, ELM, is a personalizthe ed device that can be used in office and at home to treat the root cause of dry eyes with warmth, vibrations, and neuro-modulation to deliver a soothing patient experience. Barry J Linder founded Eyedetec Medical in August 2010. The current crowdfunding campaign has a minimum target of $14,996.20 and a maximum target of $1.23 million. The campaign proceeds will be used for operations, research and development, and working capital.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$411,720 |
$362,367 |
|
COGS |
$120,112 |
$180,311 |
|
Tax |
$0 |
$800 |
| ||
| ||
|
Net Income |
$-635,392 |
$-884,110 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$301,838 |
$407,228 |
|
Accounts Receivable |
$40,118 |
$17,385 |
|
Total Assets |
$451,362 |
$521,914 |
|
Short-Term Debt |
$1,041,720 |
$703,247 |
|
Long-Term Debt |
$5,475,542 |
$5,249,175 |
|
Total Liabilities |
$6,517,262 |
$5,952,422 |
Financials as of: 02/22/2024
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