Myaderm
Growth Stage
Revolutionizing Pain Relief & Skin Care with CBD
Overview
Raised: $42,998
Total Commitments ($USD)
Platform
StartEngine
Start Date
06/20/2022
Close Date
09/15/2022
Min. Goal
$10,000
Max. Goal
$1,069,998
Min. Investment
$250
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$2.00
Pre-Money Valuation
$24,883,884
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$500
# of Investors
53
Momentum
Funded
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Year Founded
2016
Industry
Consumer Products, Goods & Services
Tech Sector
Retailtech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
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: 06/20/2022
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