Labdoor
Labdoor tests and reviews the purity and accuracy of 1,000+ supplements and CBD
Overview
Raised: $153,467
Total Commitments ($USD)
Wefunder
08/10/2022
12/16/2022
$100
SAFE
Series A
RegCF
$20,000,000
20%
Rolling Commitments ($USD)
12/30/2022
$1,208
256
2012
Healthcare & Pharmaceuticals
Foodtech
B2B/B2C
High
Low
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$412,034 |
$473,156 |
|
COGS |
$74,683 |
$41,360 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-66,084 |
$134,457 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$8,661 |
$104,704 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$11,773 |
$107,523 |
|
Short-Term Debt |
$46,962 |
$55,362 |
|
Long-Term Debt |
$596,629 |
$617,895 |
|
Total Liabilities |
$643,591 |
$673,257 |
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Analyst Report
Like many Americans, I take a variety of supplements daily to stay healthy. I was a college athlete and fitness is still a major part of my life. I take a multivitamin, supplements that my doctor recommends, proteins after my workouts, and occasionally other pre-workout supplements. And I’m careful about the products I choose. I turn to user reviews and trusted nutritionist bloggers to pick which brands are best for my goals and my body. But aside from the education and certifications bloggers may hold, there is next to no scientific backing going into my decisions as a consumer. Given their popularity, it’s surprising that the U.S. Food and Drug Administration (FDA) does not approve dietary supplements. In fact, companies “often introduce a dietary supplement to the market without notifying the FDA,” and regulation often can’t actually begin until the product hits the market.
Labdoor is trying to fill this need by independently testing and certifying supplements, vitamins, protein, and cannabidiol (CBD) products for label accuracy and purity.