Reset IV
Early Stage
Bringing health and wellness with the touch of a button
Overview
Raised: $1,069,996
Total Commitments ($USD)
Platform
StartEngine
Start Date
02/27/2020
Close Date
12/28/2020
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
Equity - Common
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$1.04
Pre-Money Valuation
$10,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/30/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,520
# of Investors
3,474
Momentum
Funded
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Year Founded
2017
Industry
Fitness & Wellness
Tech Sector
HealthTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Reset IV, with a pre-money valuation of $10 million, is raising funds on StartEngine. The company’s platform allows individuals to order IV treatments and restorative infusion to their location on-demand. Reset IV brings health and wellness to users’ locations and deals with migraines, food poisoning, and hangovers. Reset IV was founded by Daniel Rubenstein in October 2017 and treated more than 3,000 patients in the first ten months of operation. The proceeds of the current round of crowdfunding of Reset IV, with a minimum goal of $10,000 and a maximum goal of $1,070,000, will be used to diversify the business into new states and cities. Reset IV has generated over $3.7 million in revenues in the two years of its operation and reported an 84.51% increase in sales from 2018 to 2019.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$329,427 |
$62,500 |
|
COGS |
$30,488 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$18,205 |
$29,516 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$7,550 |
$1,961 |
|
Accounts Receivable |
$225,333 |
$88,801 |
|
Total Assets |
$247,818 |
$93,085 |
|
Short-Term Debt |
$179,082 |
$56,305 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$179,082 |
$56,305 |
Financials as of: 02/27/2020
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