Fisher Wallace Laboratories
Medical Devices for Mood and Sleep
Overview
Raised: $36,090
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/23/2023
Days Remaining
338
% of Min. Goal
7,353%
% of Max. Goal
0%
Likelihood of Max
Avg. Daily Raise
$1,337
# of Investors
18
Momentum
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Year Founded
2019
Industry
Fitness & Wellness
Tech Sector
Medtech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Fisher Wallace Laboratories, with a valuation of $83.08 million, is raising funds on StartEngine through Reg A+ crowdfunding. The company manufactures and sells wearable medical devices for mood and sleep disorders, including insomnia, anxiety, and depression. The product of Fisher Wallace Laboratories, the Fisher Wallace Stimulator, stimulates the brain to produce serotonin and modulates brainwave activity. The company has generated $40 million in lifetime revenue and has 14,000 prescribers and 100,000 customers. Kelly Roman and Charles Fisher founded Fisher Wallace in August 2019. The current crowdfunding campaign has a maximum target of $10.35 million. The campaign proceeds will be used for research and development, working capital, company employment, and marketing.
Balance Sheet
Cash and Cash Equivalents |
$1,929,380 |
Total Assets |
$1,999,403 |
Accounts Payable & Accrued Liabilities |
$966,198 |
Long Term Debt |
$576,525 |
Total Liabilities |
$1,542,723 |
Total Stockholders' Equity |
$456,680 |
Total Liabilities and Equity |
$1,999,403 |
Statement of Comprehensive Income Information
Total Revenues |
$4,230,290 |
Costs & Expenses Applicable to Rev |
$623,703 |
Net Income |
$3,606,587 |
Earnings Per Share - Basic |
$-0.47 |
Earnings Per Share - Diluted |
$-0.47 |
Auditor: IndigoSpire CPAs & Advisors
Financials as of: 02/24/2023
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Raise History
Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|---|
Fisher Wallace Laboratories | 02/24/2024 | StartEngine | $100,280,000 | $36,090 | Equity - Common | Active | RegA+ |
Fisher Wallace | 02/20/2023 | StartEngine | $81,567,588 | $1,281,201 | Equity - Common | Funded | RegCF |
Fisher Wallace Laboratories | 09/01/2022 | StartEngine | $81,236,323 | $357,719 | Equity - Common | Funded | RegCF |
Fisher Wallace Laboratories | 05/27/2022 | StartEngine | $80,048,889 | $1,279,724 | Equity - Common | Funded | RegCF |
Fisher Wallace Laboratories | 10/26/2021 | StartEngine | $40,000,000 | $5,010,683 | Equity - Common | Funded | RegA+ |
Fisher Wallace Laboratories | 03/09/2020 | StartEngine | $15,000,000 | $1,056,480 | Equity - Common | Funded | RegCF |
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