LitonRx
Early Stage
Digital Solutions for Your Prescription
Overview
Raised: $128,749
Total Commitments ($USD)
Platform
StartEngine
Start Date
09/23/2022
Close Date
12/23/2022
Min. Goal
$10,000
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
$25,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/31/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,415
# of Investors
20
Momentum
Funded
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Year Founded
2022
Industry
Healthcare & Pharmaceuticals
Tech Sector
Medtech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
LitonRx, with a valuation of $25 million, is raising funds on StartEngine. The company offers affordable and subscription-based digital pharmacy and concierge virtual care services. LitonRx is developing its product, LitonMD, to offer free same-day delivery of covered formulary prescription medications. The platform will also provide concierge physicians and medications on a low monthly subscription model. Kishlay Anand founded LitonRx in July 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,235,000. The campaign proceeds will be used for expansion to additional states and growth of revenue.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$518,090 |
$0 |
|
COGS |
$471,419 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-530,361 |
$-69,584 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$506,175 |
$16,451 |
|
Accounts Receivable |
$71,879 |
$0 |
|
Total Assets |
$801,961 |
$27,851 |
|
Short-Term Debt |
$35,675 |
$3,422 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$35,675 |
$3,422 |
Financials as of: 09/23/2022
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