Myaderm

Growth Stage

Revolutionizing Pain Relief & Skin Care with CBD

Analytics

Raised to Date: Raised: $7,064

Aggregate Commitments $

Platform

StartEngine

Start Date

06/21/2022

Close Date

09/15/2022

Min. Goal

$10,000

Max. Goal

$1,069,998

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Price Per Share

$2.00

Pre-Money Valuation

$24,883,884

Rolling Commitments $

Status

Active

Reporting Date

06/27/2022

Days Remaining

80

% of Min. Goal

71%

% of Max. Goal

1%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,177

Momentum
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Location

Centennial, Colorado

Industry

Consumer Products, Goods & Services

Tech Sector

Retailtech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Business Type

Growth

Myaderm, with a valuation of $24.9 million, is raising funds on StartEngine. The company is revolutionizing pain relief and skincare with CBD. The innovative CBD products of Myaderm are made using proven pharmaceutical technologies and deliver results. The pain relief products of Myaderm are transdermal, non-greasy, and fast-absorbing, while the skincare products are based on gel-cream technology and contain key ingredients like pro-retinol and hyaluronic acid. Eric Smart founded Myaderm in October 2016. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,069,998. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,748,679

$1,787,846

COGS

$391,166

$515,391

Tax

$-77,365

$418,920

 

 

Net Income

$382,820

$-1,137,224

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$137,128

$42,856

Accounts Receivable

$548,806

$662,280

Total Assets

$2,787,567

$3,057,868

Short-Term Debt

$196,431

$874,582

Long-Term Debt

$1,645,262

$1,620,230

Total Liabilities

$1,841,693

$2,494,812

Financials as of: 06/21/2022
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Myaderm on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $24,883,884

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