Quadrant Biosciences

Top Deal
BETA

World's First Saliva Test for Autism - Available in Clinics Now

Analytics

Raised to Date: $1,004,649

Aggregate Commitments $
Platform

Wefunder

Start Date

02/02/2020

Close Date

08/15/2020

Min. Goal

$50,000

Max. Goal

$15,000,000

Min. Investment

$501

Security Type

Equity - Common

Funding Type

RegA+

Valuation

$266,000,000

Weekly Commitments $
Status
Funded
Reporting Date

08/26/2020

Days Remaining
Funded
% of Min. Goal

2,009%

% of Max. Goal

7%

Likelihood of Max
Funded
Avg. Daily Raise

$5,152

# of Investors

976

Momentum
Funded
Location
Industry

Healthcare & Pharmaceuticals

Tech Sector

Quadrant Biosciences, with a pre-money valuation of $266 million, is raising funds on Wefunder through Reg A+ crowdfunding. The company has launched the world’s first saliva test for autism and is developing a pipeline of products, including tests for schizophrenia, anorexia nervosa, concussion, and Parkinson’s disease. The test for autism, The Clarifi ASD Test, is a game-changer in autism diagnosis and indicates the probability of a child having autism spectrum disorder. Quadrant Biosciences was founded by Richard Uhlig and has raised over $30 million in previous rounds of financing. The current round of crowdfunding has a minimum goal of $50,000 and a maximum goal of $15,000,000, and the proceeds will be used in developing more tests. Quadrant Biosciences has multiple international research partnerships and is working on developing a rapid saliva test for COVID-19.

Balance Sheet

Cash and Cash Equivalents

$3,107,794

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$116,383

Loans

$0

Property, Plant and Equipment (PP&E)

$38,292

Property and Equipment

$0

Total Assets

$9,846,764

Accounts Payable & Accrued Liabilities

$145,712

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$5,304,909

Total Liabilities

$5,947,496

Total Stockholders' Equity

$3,899,268

Total Liabilities and Equity

9,846,764

Statement of Comprehensive Income Information

Total Revenues

$343,449

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$208,446

Total Interest Expenses

$0

Depreciation and Amortization

$11,331

Net Income

$-4,840,262

Earnings Per Share - Basic

$0

Earnings Per Share - Diluted

$0

Auditor: Dannible & McKee, LLP

Research

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