Recovering Bro
Early Stage
An integrative health & fitness company
Overview
Raised: $1,301
Total Commitments ($USD)
Platform
Netcapital
Start Date
02/02/2023
Close Date
04/03/2023
Min. Goal
$10,001
Max. Goal
$1,000,000
Min. Investment
$99
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$0.99
Pre-Money Valuation
$7,920,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/27/2023
Days Remaining
7
% of Min. Goal
13%
% of Max. Goal
0%
Likelihood of Max
Avg. Daily Raise
$25
Momentum
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Year Founded
2021
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Recovering Bro, with a valuation of $7.9 million, is raising funds on NetCapital. It is a health and fitness company that uses technology, comedy, and content to sell nutritional supplements. The premium nutritional supplements of Recovering Bro are made by combining eastern herbs with modern nutrients and help people feel better all day. The business has grown through online sales and its first brick-and-mortar store and plans to keep growing through national retailers and the military. Dr. Dusten Nelson, David Summers, and Jonathan Thompson founded Recovering Bro in February 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1 million. The campaign proceeds will be used for advertising, marketing and sales, inventory, and payroll.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$9,787 |
$0 |
|
COGS |
$35,768 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-59,120 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$37,520 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$40,922 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$100,000 |
$0 |
|
Total Liabilities |
$100,000 |
$0 |
Financials as of: 02/02/2023
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