Overview

Raised this Round: Raised: $493,354

Total Commitments ($USD)

Platform

StartEngine

Start Date

02/23/2023

Close Date

Not Provided

Min. Goal
$491
Max. Goal
$10,350,000
Min. Investment

$491

Security Type

Equity - Common

Series

Series B

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$10.67

Pre-Money Valuation

$100,280,000

Year Founded

2019

Industry

Fitness & Wellness

Tech Sector

Medtech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Location

Brooklyn, New York

Business Type

Growth

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: 02/23/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Fisher Wallace 07/01/2024 Dealmaker Securities $106,000,000 $10,323 Equity - Common Active RegCF
Fisher Wallace 04/17/2024 Dealmaker Securities $104,100,000 $413,448 Equity - Common Funded RegCF
Fisher Wallace 03/11/2024 Dealmaker Securities $102,658,809 $469,069 Equity - Common Funded RegCF
Fisher Wallace 01/23/2024 Dealmaker Securities $102,170,000 $532,202 Equity - Common Funded RegCF
Fisher Wallace Laboratories 10/03/2023 StartEngine $100,280,000 $493,354 Equity - Common Funded RegA+
Fisher Wallace 02/19/2023 StartEngine $81,567,588 $1,281,201 Equity - Common Funded RegCF
Fisher Wallace Laboratories 08/31/2022 StartEngine $81,236,323 $357,719 Equity - Common Funded RegCF
Fisher Wallace Laboratories 05/26/2022 StartEngine $80,048,889 $1,279,724 Equity - Common Funded RegCF
Fisher Wallace Laboratories 10/25/2021 StartEngine $40,000,000 $5,010,683 Equity - Common Funded RegA+
Fisher Wallace Laboratories 03/08/2020 StartEngine $15,000,000 $1,056,480 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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Fisher Wallace Laboratories on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $100,280,000
Price per Share: $10.67

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