First Person Solutions

Early Stage

We are using Ministry of AYUSH recommended herbs and a generic molecule to relieve Covid symptoms

Analytics

Raised to Date: Raised: $105,800

Aggregate Commitments $

Platform

Wefunder

Start Date

01/13/2022

Close Date

04/30/2022

Min. Goal

$150,000

Max. Goal

$500,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$6,250,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

01/19/2022

Days Remaining

101

% of Min. Goal

71%

% of Max. Goal

21%

Likelihood of Max
extremely
Avg. Daily Raise

$17,633

Momentum
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Location

Media, Pennsylvania

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

First Person Solutions, with a valuation of $6.25 million, is raising funds on Wefunder. The company has developed a spray solution, FirstSignal, to treat the symptoms of COVID-19 and other viruses. The safe and effective formula of FirstSignal uses the herbs recommended by the Ministry of AYUSH and improves molecular signaling disrupted by the viruses. First Person Solutions is led by an experienced team of pharmaceutical and biotech personnel and plans to expand soon to a large number of countries. Joel A Adams founded First Person Solutions in May 2021. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $500,000. The campaign proceeds will be used for the application of AYUSH license in India, formulation and manufacturing in India, and marketing.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$15,565

$0

Tax

$0

$0

 

 

Net Income

$-277,273

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$138,353

$0

Accounts Receivable

$0

$0

Total Assets

$138,353

$0

Short-Term Debt

$111,125

$0

Long-Term Debt

$279,500

$0

Total Liabilities

$390,625

$0

Financials as of: 01/13/2022
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First Person Solutions on Wefunder 2022
$
Platform: Wefunder
Security Type: Convertible Note
Valuation: $6,250,000

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