Aggregate Commitments $
Wefunder
04/05/2021
04/30/2021
$250,000
$1,070,000
$100
Convertible Note
RegCF
Seed
$12,000,000
20%
Rolling Commitments $
Active
04/21/2021
6
14%
3%

$2,200

Menlo Park, California
Healthcare & Pharmaceuticals
Medtech
B2B
Medium
High
Growth
Protxx, with a valuation cap of $12 million, is raising crowdfunding on Wefunder. The medical technology company has developed wearable sensors that transform the lives of people with complex neurological conditions. The phybrata sensor of Protxx detects involuntary motions of the body, analyses them, and quantifies the impairments. John Ralston founded Protxx in 2016. The proceeds of the current crowdfunding campaign, with a minimum goal of $250,000 and a maximum goal of $1,070,000, will be used for product development, sales and marketing, pilot deployments, IP and regulatory filings, and G&A expenses. Protxx’s PAAS model enhances the management and treatment of stroke, concussions, multiple sclerosis, and Parkinson’s.
Summary Profit and Loss Statement
Revenue |
$43,359 |
$21,995 |
COGS |
$0 |
$0 |
Tax |
$0 |
$0 |
|
||
|
||
Net Income |
$-463,931 |
$-708,347 |
Summary Balance Sheet
Cash |
$2,384 |
$5,485 |
Accounts Receivable |
$0 |
$0 |
Total Assets |
$134,705 |
$163,641 |
Short-Term Debt |
$1,321,770 |
$266,805 |
Long-Term Debt |
$100,000 |
$735,000 |
Total Liabilities |
$1,421,770 |
$1,001,805 |