Myaderm on StartEngine 2022 – KingsCrowd

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Security Type

Equity – Common

Pre-Money Valuation

$24,883,884

Reporting Date

06/22/2022

Likelihood of Max

unlikely

Momentum

cool.svg

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Location

Centennial, Colorado

Industry

Consumer Products, Goods & Services

Myaderm, with a valuation of $24.9 million, is raising funds on StartEngine. The company is revolutionizing pain relief and skincare with CBD. The innovative CBD products of Myaderm are made using proven pharmaceutical technologies and deliver results. The pain relief products of Myaderm are transdermal, non-greasy, and fast-absorbing, while the skincare products are based on gel-cream technology and contain key ingredients like pro-retinol and hyaluronic acid. Eric Smart founded Myaderm in October 2016. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,069,998. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Revenue

$1,748,679

$1,787,846

COGS

$391,166

$515,391

Tax

$-77,365

$418,920

 

 

Net Income

$382,820

$-1,137,224

Summary Balance Sheet

Cash

$137,128

$42,856

Accounts Receivable

$548,806

$662,280

Total Assets

$2,787,567

$3,057,868

Short-Term Debt

$196,431

$874,582

Long-Term Debt

$1,645,262

$1,620,230

Total Liabilities

$1,841,693

$2,494,812

Financials as of: 06/21/2022

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