Aggregate Commitments $
StartEngine
09/30/2022
01/01/2023
$9,999
$1,069,996
$299
Equity – Common
RegCF
$2.90
$47,440,958
Rolling Commitments $
Active
10/02/2022
91
183%
2%
$9,145
18
Boca Raton, Florida
Healthcare & Pharmaceuticals
HealthTech
FloSpine, with a valuation of $47.4 million, is raising funds on StartEngine. It is a medical device company using new technology and design concepts to solve problems related to the human spinal column. The spinal implants of FloSpine are innovative, cost-effective, high-margin, and lead to shorter hospital stays and improved patient outcomes. The KeyLift device fits in between the laminar of the spine and can be inserted through a small incision. Peter Harris founded FloSpine in June 2022. The current crowdfunding campaign has a minimum target of $9,999.20 and a maximum target of $1,069,995.60. The campaign proceeds will be used to launch new products, including a 3D-printed titanium cervical cage and a KeyLift expandable inter-laminar system.
Summary Profit and Loss Statement
Revenue |
$1,557,981 |
$1,254,783 |
COGS |
$470,571 |
$280,235 |
Tax |
$0 |
$0 |
|
||
|
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Net Income |
$-699,753 |
$-166,166 |
Summary Balance Sheet
Cash |
$885,057 |
$68,182 |
Accounts Receivable |
$160,731 |
$212,113 |
Total Assets |
$2,164,439 |
$1,228,098 |
Short-Term Debt |
$105,037 |
$176,552 |
Long-Term Debt |
$1,962,359 |
$229,998 |
Total Liabilities |
$2,067,396 |
$406,550 |
Financials as of: 09/30/2022