StartEngine
11/08/2022
02/06/2023
$10,000
$1,070,000
$250
Equity – Preferred
RegCF
$1.00
$9,997,104
Rolling Commitments $
Active
11/08/2022
90
0%
0%
$0
Charleston, South Carolina
Healthcare & Pharmaceuticals
HealthTech
Zendo, with a valuation of $10 million, is raising funds on StartEngine. The company has developed a patent-pending wearable neuromodulation device that makes meditation easy. The device uses gentle neurostimulation and activates the parts of the brain involved in expert meditation. Zendo is, therefore, being used to enhance human wellness, transformation, and performance. The next-gen device is being developed to include a wireless headband integrated with a companion meditation app and has exciting collaborations, including the one with the US Performance Center. Bashar Badran and Baron Short founded Zendo in May 2017. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.07 million. The campaign proceeds will be used to finalize the second generation Zendo and launch it.
Summary Profit and Loss Statement
Revenue |
$49,710 |
$13,641 |
COGS |
$40,054 |
$10,228 |
Tax |
$0 |
$0 |
|
||
|
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Net Income |
$-107,112 |
$-124,076 |
Summary Balance Sheet
Cash |
$160,182 |
$26,081 |
Accounts Receivable |
$0 |
$0 |
Total Assets |
$195,022 |
$96,483 |
Short-Term Debt |
$43,087 |
$37,436 |
Long-Term Debt |
$200,000 |
$0 |
Total Liabilities |
$243,087 |
$37,436 |
Financials as of: 11/08/2022