NarcX
Early Stage
Solving the Opioid Crisis Through Drug Disposal.
Overview
Raised: $102,501
Total Commitments ($USD)
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
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$35,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$765
# of Investors
66
Momentum
Funded
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Year Founded
2019
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
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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