Fist Assist Devices

Early Stage

FDA-Cleared Wearable Device for Increased Circulation

Analytics

Platform

Rialto Markets

Start Date

07/11/2022

Close Date

12/31/2022

Min. Goal

$250,000

Max. Goal

$1,000,000

Min. Investment

$500

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Price Per Share

$1.00

Pre-Money Valuation

$10,000,000

Location

Las Vegas, Nevada

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Fist Assist Devices, with a valuation of $10 million, is raising funds on Rialto Markets. The company has developed the world’s first self-contained pneumatic compression device. The device is battery-operated and wearable and comes with a small unit attached to an inflatable cuff held to the upper extremity. The Fist Assist Model FA-1 device helps to improve arm circulation for arm wellness and supports patients through their medical care journeys. Dr. Tej Singh founded Fist Assist Devices in March 2013. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $1,000,000. The campaign proceeds will be used for global marketing, regulatory expenses, legal fees, and general and administrative expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$47,610

$197

COGS

$25,813

$0

Tax

$0

$0

 

 

Net Income

$-473,494

$-338,778

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$79,772

$0

Accounts Receivable

$0

$0

Total Assets

$268,107

$154,087

Short-Term Debt

$150,541

$126,383

Long-Term Debt

$0

$19,446

Total Liabilities

$150,541

$145,829

Financials as of: 07/11/2022
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Fist Assist Devices on Rialto Markets 2022
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Platform: Rialto Markets
Security Type: Equity - Common
Valuation: $10,000,000

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