Fisher Wallace Laboratories

Medical Devices for Mood and Sleep

Analytics

Raised to Date: $2,175,295

Aggregate Commitments $
Platform

StartEngine

Start Date

09/07/2020

Close Date

04/30/2021

Min. Goal

$20

Max. Goal

$10,400,000

Min. Investment

$497

Security Type

Equity - Common

Funding Type

RegA+

Series

Seed

Pre-Money Valuation

$40,000,000

Rolling Commitments $
Status

Active

Reporting Date

04/11/2021

Days Remaining

16

% of Min. Goal

10,876,475%

% of Max. Goal

21%

Likelihood of Max
unlikely
Avg. Daily Raise

$10,071

# of Investors

1,305

Momentum
warm
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Location

Brooklyn, New York

Industry

Fitness & Wellness

Tech Sector

Medtech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Fisher Wallace Laboratories, with a valuation of $40 million, is raising funds on StartEngine through Reg A+ crowdfunding. The company manufactures and sells wearable medical devices for mood and sleep disorders, including insomnia, anxiety, and depression. The product of Fisher Wallace Laboratories, Fisher Wallace Stimulator, stimulates the brain to produce serotonin and modulates brainwave activity. Fisher Wallace Laboratories was founded by Kelly Roman and Charles Fisher. The current crowdfunding round has no minimum target and a maximum target of $10,400,000. The proceeds will be used for research and development, clinical trials, and obtaining FDA approvals. Fisher Wallace Laboratories has more than 60,000 patients and 10,000 prescribers in the US and has generated over $23.3 million in lifetime revenues.
Balance Sheet

Cash and Cash Equivalents

$339,584

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$30,560

Loans

$0

Property, Plant and Equipment (PP&E)

$0

Property and Equipment

$0

Total Assets

$459,266

Accounts Payable & Accrued Liabilities

$161,154

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$576,525

Total Liabilities

$1,227,009

Total Stockholders' Equity

$-767,743

Total Liabilities and Equity

$459,266

Statement of Comprehensive Income Information

Total Revenues

$3,864,706

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$947,495

Total Interest Expenses

$0

Depreciation and Amortization

$0

Net Income

$-543,056

Earnings Per Share - Basic

$0

Earnings Per Share - Diluted

$0

Auditor: IndigoSpire CPAs & Advisors
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Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
04/30/2021 StartEngine $40,000,000 $2,175,295 Equity - Common Active RegA+
03/09/2020 StartEngine $15,000,000 $1,056,480 Equity - Common Confirmed Closed RegCF
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