McGinley Orthopedic Innovations
Growth Stage
Better Engineering. Better Outcomes.
Overview
Platform
Rialto Markets
Start Date
09/12/2022
Close Date
Not Provided
Min. Goal
$100
Max. Goal
$40,000,000
Min. Investment
$100
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegA+
Price Per Share
$5.25
Pre-Money Valuation
$237,529,690
Year Founded
2012
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
McGinley Orthopaedic Innovations is raising funds through Reg A+ crowdfunding with Rialto Markets as the Broker-Dealer. The company has developed its patented and FDA-cleared IntelliSense Drill Technology and the Lever Action Plate System. The IntelliSense Drill Technology is used to make a set of orthopedic power tools and accessories, while the Lever Action Plate System is a bone fixation implant system. McGinley Orthopaedic Innovations aims to utilize innovative engineering to improve patient outcomes and reduce costs. Joseph McGinley founded McGinley Orthopaedic Innovations in 2012. The current crowdfunding campaign has a maximum target of $40 million. The campaign proceeds will be used for marketing, product development, quality and compliance, partnerships and acquisitions, PPE expansion, and working capital.
Balance Sheet
|
Cash and Cash Equivalents |
$1,624,273 |
|
Accounts and Notes Receivable |
$137,360 |
|
Property, Plant and Equipment (PP&E) |
$1,190,846 |
| Total Assets |
$4,983,251 |
|
Accounts Payable & Accrued Liabilities |
$223,073 |
|
Long Term Debt |
$0 |
|
Total Liabilities |
$223,073 |
|
Total Stockholders' Equity |
$4,760,178 |
| Total Liabilities and Equity |
$4,983,251 |
Statement of Comprehensive Income Information
|
Total Revenues |
$1,352,296 |
|
Costs & Expenses Applicable to Rev |
$4,070,919 |
|
Depreciation and Amortization |
$50,966 |
| Net Income |
$-2,857,806 |
|
Earnings Per Share - Basic |
$-0.06 |
|
Earnings Per Share - Diluted |
$-0.06 |
Auditor: Assurance DImensions
Financials as of: 09/12/2022
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