Smart Rx Systems
Growth Stage
Redefines today’s pharmacy
Overview
Platform
Self Managed
Start Date
08/09/2022
Close Date
Not Provided
Min. Goal
$10,000
Max. Goal
$50,000,000
Min. Investment
$10,000
Security Type
Equity - Preferred
Series
Seed
SEC Filing Type
RegA+
Price Per Share
$10.00
Pre-Money Valuation
$35,012,500
Year Founded
2013
Industry
Healthcare & Pharmaceuticals
Tech Sector
Medtech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Smart Rx Systems is raising independently through Reg A+ crowdfunding. The company has developed an on-demand medication dispensing kiosk. The kiosk is called Smart PharmAssist and helps people to get their medication when and where they need it the most. It functions on a remote pharmacy dispensing technology and offers people access to multi-lingual pharmacy services 24 hours a day, seven days a week. The users can also get remote consultations with a pharmacist and get their prescriptions filled quickly and safely. Mathow Sandeep and Swatantra Rohatgi founded Smart Rx Systems in 2013. The current crowdfunding campaign has a maximum target of $50,000,000. The campaign proceeds will be used for acquisitions, working capital, and general corporate purposes.
Balance Sheet
|
Cash and Cash Equivalents |
$64,701 |
|
Accounts and Notes Receivable |
$162,518 |
|
Property, Plant and Equipment (PP&E) |
$1,214,121 |
| Total Assets |
$8,155,832 |
|
Accounts Payable & Accrued Liabilities |
$2,052,846 |
|
Long Term Debt |
$1,910,542 |
|
Total Liabilities |
$3,963,389 |
|
Total Stockholders' Equity |
$4,192,443 |
| Total Liabilities and Equity |
$8,155,832 |
Statement of Comprehensive Income Information
|
Total Revenues |
$1,736,221 |
|
Costs & Expenses Applicable to Rev |
$3,389,513 |
|
Depreciation and Amortization |
$499,716 |
| Net Income |
$-2,682,237 |
|
Earnings Per Share - Basic |
$-3.45 |
|
Earnings Per Share - Diluted |
$-1.60 |
Auditor: Soto Accounting, LLC
Financials as of: 08/09/2022
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