MedFire Innovations
Early Stage
We've Done The Work, And It Shows.
Overview
Raised: $0
Total Commitments ($USD)
Platform
CrowdFund Mainstreet
Start Date
03/01/2023
Close Date
03/15/2023
Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment
$500
Security Type
Equity - Preferred
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$10.00
Pre-Money Valuation
$1,000,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
03/14/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2016
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
MedFire Innovations is raising funds on CrowdFund Mainstreet. The company develops and launches products aimed at improving the lives of patients and healthcare providers. The products of MedFire Innovations deliver solutions that cater to common patient concerns and needs of healthcare workers to protect themselves and perform procedures successfully. The key products of MedFire Innovations to date include Path-O-Wrap, The Williams Key, Recopad, and Self-pap. Gregory Christmas founded MedFire Innovations in June 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for research and development, marketing and advertising, hiring, ongoing operations, product and device manufacturing, website development, and trade show marketing.
Summary Profit and Loss Statement
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$21,762 |
$187,068 |
|
COGS |
$17,573 |
$102,687 |
|
Tax |
$2,268 |
$800 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
Cash |
$27,408 |
$32,059 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$99,984 |
$96,275 |
|
Short-Term Debt |
$32,998 |
$31,443 |
|
Long-Term Debt |
$101,762 |
$94,289 |
|
Total Liabilities |
$134,760 |
$125,732 |
Financials as of: 03/01/2023
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