Fist Assist Devices
Early Stage
FDA-Cleared Wearable Device for Increased Circulation
Overview
Year Founded
2013
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
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: 07/10/2022
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