Formulation Compounding Center
Pharmacy
Overview
Raised: $92,500
Total Commitments ($USD)
Platform
Honeycomb
Start Date
07/31/2022
Close Date
09/19/2022
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Debt
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,888
# of Investors
59
Momentum
Funded
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Year Founded
2019
Industry
Healthcare & Pharmaceuticals
Tech Sector
Medtech
Location
Lewisville, Texas
Formulation Compounding Center is raising funds on Honeycomb. It is a compounding pharmacy that creates custom medications for patients. The pharmacy uses FDA-approved ingredients and creates medications in its state-of-the-art facility with ISO-certified cleanrooms. The facility of the Formulation Compounding Center is safe, efficient, and conforms to the highest compounding standards. The business generated revenues of $1 million in 2021. Tabraiz Khan founded Formulation Compounding Center in October 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for state licensures, back-end software implementation, front-end software implementation, and hiring.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 07/31/2022
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