Hale Therapeutics
Proprietary medical vaporizer and mobile application to help smokers quit nicotine more easily
Overview
Raised: $26,500
Total Commitments ($USD)
SeedInvest
02/28/2022
07/13/2022
$1,000
Convertible Note
Seed
RegCF
/ RegD 506(c)
$15,000,000
20%
Rolling Commitments ($USD)
07/20/2022
$196
2018
Healthcare & Pharmaceuticals
Biotech
B2C
Medium
Low
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-641,293 |
$-430,338 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$757,219 |
$721,754 |
|
Accounts Receivable |
$49,551 |
$68,982 |
|
Total Assets |
$852,260 |
$796,426 |
|
Short-Term Debt |
$1,962,128 |
$1,265,078 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$1,962,128 |
$1,265,078 |
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Founder Profile
Hale Therapeutics Founder Josh Israel Is Determined to Help Smokers Quit
Once upon a time, cigarette companies marketed their products with the promises of healing properties and the trustworthy faces of dentists, babies, and Santa Claus. Today the health consequences of smoking tobacco are well known, and most smokers want to quit. But despite modern advancements in medicine and technology, quitting success rates remain dismally low.Hale Therapeutics is on a mission to help smokers quit with a new method: smoking. The company has created a patented dual-capsule vaporizer that will gradually ease smokers off of nicotine with steps that may be familiar to them. We reached out to co-founder and CEO Josh Israel to learn about the origin of Hale Therapeutics and where the company might go from here.
Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.