Med-X
Making a Difference, Naturally.
Overview
Raised: $0
Total Commitments ($USD)
Platform
PicMii
Start Date
01/23/2023
Close Date
05/31/2023
Min. Goal
$10,000
Max. Goal
$3,000,000
Min. Investment
$500
Security Type
Equity - Common
Funding Type
RegCF
Price Per Share
$0.25
Pre-Money Valuation
$43,211,544
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/02/2023
Days Remaining
118
% of Min. Goal
0%
% of Max. Goal
0%
Likelihood of Max
Avg. Daily Raise
$0
Momentum
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Location
Canoga Park, California
Industry
Consumer Products, Goods & Services
Tech Sector
Cleantech
Med-X, with a valuation of $43.2 million, is raising funds on PicMii. The company has developed many all-natural and plant-based brands that are replacing chemicals to solve everyday issues of people. The products are sold through major retail and healthcare distributors. The flagship product lines of Med-X include Nature-Cide and Thermal-Aid. Med-X has a high demand and is known for its all-natural solutions and reported 80% revenue growth in 2022. Dr. David Toomey and Matthew Mills founded Med-X in February 2014. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $3 million. The campaign proceeds will be used for acquisitions, marketing, working capital, hiring, product registrations, and research and development.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,010,431 |
$1,033,750 |
|
COGS |
$879,662 |
$870,539 |
|
Tax |
$1,600 |
$1,600 |
| ||
| ||
|
Net Income |
$-4,907,432 |
$-3,541,031 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,367,366 |
$752,823 |
|
Accounts Receivable |
$28,616 |
$150,929 |
|
Total Assets |
$3,816,184 |
$3,166,753 |
|
Short-Term Debt |
$30,927 |
$398,263 |
|
Long-Term Debt |
$29,032 |
$11,438 |
|
Total Liabilities |
$59,959 |
$409,701 |
Financials as of: 01/23/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Med-X | 05/31/2023 | PicMii | $43,211,544 | $0 | Equity - Common | Active | RegCF |
| Med-X | 03/31/2023 | Dalmore Group | $102,217,405 | $3,936,422 | Equity - Common | Active | RegA+ |
| Med-X | 09/10/2021 | TruCrowd | $88,552,772 | $15,595 | Equity - Common | Funded | RegCF |
| Med-X | 06/27/2019 | StartEngine | - | $7,000,471 | Equity - Common | Funded | RegA+ |
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