NarcX

Early Stage

Solving the Opioid Crisis Through Drug Disposal.

Analytics

Raised to Date: Raised: $100,110

Aggregate Commitments $

Platform

StartEngine

Start Date

12/17/2021

Close Date

04/30/2022

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$35,000,000

Rolling Commitments $

Status

Active

Reporting Date

01/24/2022

Days Remaining

96

% of Min. Goal

1,001%

% of Max. Goal

9%

Likelihood of Max
unlikely
Avg. Daily Raise

$2,634

Momentum
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Location

Vineyard, Utah

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Business Type

Growth

NarcX, with a pre-money valuation of $35 million, is raising funds on Startengine. The company provides a practical, effective, and affordable solution to address the problem of drug disposal in the fight against the opioid crisis. NarcX created an environmentally safe liquid solution that renders controlled substances such as pills, tablets, or liquids immediately non-divertible and ultimately non-retrievable. The team is composed of experienced professionals and passionate supporters committed to ending the opioid crisis. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $1,070,000. The campaign proceeds will primarily be used for marketing and research and development.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$235,025

$76,948

COGS

$131,482

$69,595

Tax

$0

$0

 

 

Net Income

$-197,772

$-414,530

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$32,621

$126,677

Accounts Receivable

$0

$0

Total Assets

$32,621

$126,677

Short-Term Debt

$41,331

$4,280

Long-Term Debt

$615,591

$417,819

Total Liabilities

$656,922

$422,099

Financials as of: 12/17/2021
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NarcX on Startengine 2021
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $35,000,000

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