Freedom Laser

Freedom Laser

Early Stage

The Nation’s Only Home Use Quit Smoking Laser Device* – The Nicotine Free Method to Quit

The Nation’s Only Home Use Quit Smoking Laser Device* – The Nicotine Free Method to Quit

Overview

Raised to Date: Raised: $12,100

Total Commitments ($USD)

Platform

Netcapital

Start Date

04/04/2024

Close Date

06/28/2024

Min. Goal
$10,000
Max. Goal
$1,200,000
Min. Investment

$99

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$6,366,162

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/11/2024

Days Remaining

48

% of Min. Goal

121%

% of Max. Goal

1%

Likelihood of Max
unlikely
Avg. Daily Raise

$327

Momentum
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Year Founded

2020

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Los Angeles, California

Business Type

Growth

Freedom Laser, with a valuation of $6.4 million, is raising funds on NetCapital. The company has developed a nicotine-free method to quit smoking. Freedom Laser’s quit-smoking laser device is for home use and is intended to reduce nicotine withdrawal symptoms. The company has 21 years of clinical experience using low-level laser therapy to treat smokers, has performed animal studies and clinical studies, and is applying for FDA approval. Craig Nabat founded Freedom Laser in December 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.2 million. The campaign proceeds will be used for FDA pre-submission 2, regulatory consultation, clinical research organization, device tooling, device inventory, MRI device inventory, safety lab tests, and other expenses.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-21,575

$-6,332

Summary Balance Sheet

FY 2023 FY 2022

Cash

$419

$94

Accounts Receivable

$0

$0

Total Assets

$419

$94

Short-Term Debt

$13,608

$0

Long-Term Debt

$0

$0

Total Liabilities

$13,608

$0

Financials as of: 04/04/2024
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Freedom Laser on NetCapital 2024
Platform: Netcapital
Security Type: Equity - Common
Valuation: $6,366,162
Price per Share: $1.00

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