Moonstone Nutrition

Moonstone Nutrition

[Closed for Investment] Moonstone Nutrition, with a valuation of $30.02 million, is raising funds on StartEngine. The company has created an OTC remedy to prevent kidney stones. Moonstone Nutrition’s Stone Stopper is a science-based solution that promotes kidney health and wellbeing and prevents kidney stones with the help of its alkali citrate formula. Stone Stopper is available in the form of capsules, gummies, and powder drinks and has been created by leading kidney stone doctors from Harvard, University of California San Francisco, and New York University. Salim S Rayes and Arnold J Sholder founded Moonstone Nutrition in March 2019. The current crowdfunding campaign has a minimum target of $14,997.06 and a maximum target of $1.23 million. The campaign proceeds will be used for marketing, sales and distribution, research and development, and general and administrative expenses.

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Investment Overview

Raised this Round: Raised: $294,437

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
04/09/2024
Close Date
09/09/2024
Min. Goal
$14,997
Max. Goal
$1,234,998
Min. Investment

$499

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.06

Pre-Money Valuation

$30,023,346

Company & Team

Company

Year Founded
2019
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Pittsburgh, Pennsylvania
Business Type
Growth
Company Website
Visit Website

Team

Employees
11
Prior Founder Exits?
No
Founder Name
Salim Rayes
Title
CEO & President, Board Member
Founder Name
Noman Khan
Title
COO
Founder Name
Marty Sholder
Title
Board Member
Founder Name
Arnold Sholder
Title
Board Member
Founder Name
David Goldfarb
Title
Advisory Board Member
Founder Name
Marshall Stoller
Title
Advisory Board Member
Founder Name
Brian Eisner
Title
Advisory Board Member

Financials

as of Fiscal Year 2023
 Revenue +82% YoY
$1,930,901
 Monthly Burn
$36,000
 Runway
5 months
Gross Margin
41%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$1,930,901

$1,059,816

COGS

$1,148,114

$594,547

Tax

$0

$0

 

 

Net Income

$-866,918

$-1,135,599

Summary Balance Sheet

FY 2023 FY 2022

Cash

$114,954

$139,442

Accounts Receivable

$78,709

$32,582

Total Assets

$814,067

$474,702

Short-Term Debt

$1,649,151

$700,045

Long-Term Debt

$284,838

$277,613

Total Liabilities

$1,933,989

$977,658

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$3,483,003
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/09/2024 StartEngine $30,023,346 $294,437 Equity - Common Funded RegCF
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Moonstone Nutrition on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $30,023,346
Price per Share: $3.06

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Warning: according to the close date for this deal, Moonstone Nutrition may no longer be accepting investments.

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