Rhinogram on StartEngine 2022 – KingsCrowd

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Security Type

Equity – Common

Pre-Money Valuation

$59,997,689

Reporting Date

07/17/2022

Likelihood of Max

unlikely

Momentum

cool.svg

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Location

Chattanooga, Tennessee

Industry

Healthcare & Pharmaceuticals

Rhinogram, with a valuation of $60 million, is raising funds on StartEngine. The company has developed a virtual platform that connects patients and healthcare providers without the need for phone screening and long call times. The platform is HIPAA-compliant and EHR-friendly and uses encryption to keep the patients’ information private. Rhinogram is modernizing patient-provider communication and making the system more efficient. Dr. Keith Dressler founded Rhinogram in April 2022. The current crowdfunding campaign has a minimum target of $9,990.37 and a maximum target of $899,982.08. The campaign proceeds will be used to increase market penetration and develop new app enhancements.

Summary Profit and Loss Statement

Revenue

$1,796,794

$1,346,238

COGS

$1,072,344

$862,082

Tax

$0

$0

 

 

Net Income

$-5,616,085

$-7,059,952

Summary Balance Sheet

Cash

$86,086

$136,884

Accounts Receivable

$0

$0

Total Assets

$3,112,278

$4,487,129

Short-Term Debt

$0

$105,000

Long-Term Debt

$173,132,797

$13,474,965

Total Liabilities

$173,132,797

$13,579,965

Financials as of: 07/15/2022

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