Ortek Therapeutics
Early Stage
Setting a new standard for optimal oral health
Overview
Raised: $115,088
Total Commitments ($USD)
Platform
StartEngine
Start Date
05/11/2022
Close Date
09/06/2022
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
$22,737,774
Rolling Commitments ($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
$984
# of Investors
78
Momentum
Funded
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Year Founded
1998
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Ortek Therapeutics, with a valuation of $22.7 million, is raising funds on StartEngine. The company is revolutionizing the professional and consumer oral care markets with its novel products. The FDA-cleared and patented early cavity detection device of Ortek Therapeutics, Ortek-ECD, helps dental professionals in the early detection of cavities without radiation. Also, Ortek’s BasicBites are soft chews that help to maintain enamel health. Mitchell Goldberg founded Ortek Therapeutics in March 1998. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used to reach larger target audiences and expand marketing.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$445,252 |
$2,145,578 |
|
COGS |
$112,341 |
$1,174,308 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-614,548 |
$-230,189 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$981,561 |
$1,547,649 |
|
Accounts Receivable |
$0 |
$931,347 |
|
Total Assets |
$1,406,235 |
$2,014,889 |
|
Short-Term Debt |
$28,530 |
$22,638 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$28,530 |
$22,638 |
Financials as of: 05/11/2022
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