First Person Solutions
Early Stage
We are using Ministry of AYUSH recommended herbs and a generic molecule to relieve Covid symptoms
Overview
Raised: $0
Total Commitments ($USD)
Platform
Wefunder
Start Date
01/12/2022
Close Date
03/11/2022
Min. Goal
$150,000
Max. Goal
$500,000
Min. Investment
$100
Security Type
Convertible Note
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$6,250,000
Discount
20%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
03/10/2022
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
2021
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
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: 01/12/2022
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