Freedom Laser
Early Stage
The Nation’s Only Home Use Quit Smoking Laser Device* – The Nicotine Free Method to Quit
Overview
Raised: $12,100
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/11/2024
Days Remaining
48
% of Min. Goal
121%
% of Max. Goal
1%
Likelihood of Max
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
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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