Kineon
Growth Stage
#MovePainFree
Overview
Raised: $385,683
Total Commitments ($USD)
Platform
StartEngine
Start Date
08/08/2023
Close Date
11/06/2023
Min. Goal
$15,000
Max. Goal
$1,235,000
Min. Investment
$500
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$20,000,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/30/2023
Days Remaining
37
% of Min. Goal
2,571%
% of Max. Goal
31%
Likelihood of Max
Avg. Daily Raise
$7,277
# of Investors
225
Momentum
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Year Founded
2021
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Kineon, with a valuation of $20 million, is raising funds on StartEngine. The company is developing light therapy products to change the way people approach chronic pain. Kineon’s next-generation laser device, the MOVE+, is an effective and affordable solution to treat inflammation and joint pain. The MOVE+ comes with a portable design, infrared healing, LED and laser technology, and multi-joint straps and has already generated $3.5 million in sales after selling over 9,000 units. Forrest Smith and Thomas Sanderson founded Kineon in September 2021. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for research and development, inventory, company employment, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$1,328,825 |
$0 |
|
COGS |
$359,724 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-30,317 |
$-197,792 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$66,488 |
$147,789 |
|
Accounts Receivable |
$828 |
$0 |
|
Total Assets |
$320,020 |
$157,078 |
|
Short-Term Debt |
$364,173 |
$345,915 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$364,173 |
$345,915 |
Financials as of: 08/08/2023
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