Ionica Sciences
Early Stage
A better way to test for Lyme disease
Overview
Raised: $0
Total Commitments ($USD)
Platform
SeedInvest
Start Date
09/09/2020
Close Date
11/08/2020
Min. Goal
$25,000
Max. Goal
$750,000
Min. Investment
$1,000
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
/ RegD 506(c)
Valuation Cap
$5,500,000
Discount
20%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
11/07/2020
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2013
Industry
Healthcare & Pharmaceuticals
Tech Sector
Medtech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
High
Ionica Sciences, with a $5.5 million valuation cap, is raising crowdfunding on SeedInvest. The company’s technology enables direct detection of Lyme disease with the help of a blood test. Lyme disease is difficult to diagnose, but it becomes easily detectable with the IonLyme Test of Ionica Sciences. The test detects a special protein released into the blood by the bacteria causing the disease. Omar Green, Joel Tabb, and Dean Koch founded Ionica Sciences in 2013. The proceeds of the current crowdfunding round, with a minimum raise of $25,000 and a maximum raise of $750,000, will be used for salaries, research and development, operations, and commercial lab transfer. Ionica Sciences has filed an international patent application under the PCT and received three SBIR contracts from the Department of Defense and the Defense Health Agency.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-325,300 |
$-40,643 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$139,160 |
$300,890 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$232,502 |
$375,663 |
|
Short-Term Debt |
$293,928 |
$43,544 |
|
Long-Term Debt |
$0 |
$225,000 |
|
Total Liabilities |
$293,928 |
$268,544 |
Financials as of: 09/09/2020
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