REUZEit

Early Stage

Circular Economic Surplus Asset Management

Analytics

Raised to Date: Raised: $178,953

Aggregate Commitments $

Platform

StartEngine

Start Date

11/18/2022

Close Date

02/15/2023

Min. Goal

$10,000

Max. Goal

$1,235,000

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Price Per Share

$0.80

Pre-Money Valuation

$40,000,000

Rolling Commitments $

Status

Active

Reporting Date

11/30/2022

Days Remaining

77

% of Min. Goal

1,790%

% of Max. Goal

14%

Likelihood of Max
likely
Avg. Daily Raise

$14,913

# of Investors

47

Momentum
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Location

Temecula, California

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

REUZEit, with a valuation of $40 million, is raising funds on StartEngine. The company is engaged in the business of surplus asset management of life science and pharmaceutical companies. The company’s platform offers its asset lifecycle service and helps in reselling and redeploying equipment from upstream clients to downstream customers in the industry. The aim of REUZEit is to reduce waste, save money, improve sustainability, and increase organic productivity. Justin Andrews and Ryan Andrews founded REUZEit in October 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.24 million. The campaign proceeds will be used to build the team, increase brand awareness, and expand IT and operational infrastructure.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$6,575,640

$6,884,892

COGS

$3,117,614

$3,190,768

Tax

$181,528

$115,611

 

 

Net Income

$-308,795

$910,436

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$381,956

$566,326

Accounts Receivable

$699,242

$348,369

Total Assets

$2,277,721

$1,553,762

Short-Term Debt

$1,653,955

$663,847

Long-Term Debt

$218,982

$141,228

Total Liabilities

$1,872,937

$805,075

Financials as of: 11/18/2022
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REUZEit on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $40,000,000

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