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Phoenix PharmaLabs Inc logo

Phoenix PharmaLabs Inc

Operating

Healthcare · Founded 2002

Addressing the opioid crisis by developing potent, safe, non-addictive painkillers.

Post-money valuation ⓘ
$27.9M
As of Jun 2021 · from Reg CF Offering (2020) · pre-money + amount raised, not a traded price
Total raised
$2,127,866
Across 3 rounds since 2018
Latest share price
$1.00
Reg CF · Common Stock · Dec 2020 offering price

Financials

FY2016–FY2023 (no data for FY2020, FY2021) · from SEC filings · hover any figure for its source
$0
−$1.3M
2016
$0
−$1.1M
2017
$67K
−$940K
2018
$1.3M
−$478K
2019
2020no data
2021no data
$167K
−$1.0M
2022
$2.1M
−$884K
2023
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2016
FY2017 reviewed
FY2018
FY2019 unaudited
FY2022 unaudited
FY2023 unaudited
Income statement
Revenue
$0
$0
$66,654
$1,285,068
$167,209
$2,065,804
Cost of goods sold
$0
$0
$0
$0
$0
$0
Gross margin
—
—
100%
100%
100%
100%
Net income
-$1,270,142
-$1,094,446
-$939,817
-$477,945
-$1,015,172
-$884,105
Taxes paid
$0
$0
$100
$0
$0
$0
Balance sheet
Cash
$29,732
$151,025
$37,344
$761,206
$307,170
$796,285
Accounts receivable
$0
$0
$0
$0
$0
$0
Total assets
$29,757
$151,050
$37,344
$761,206
$307,170
$796,285
Short-term debt
$1,417,549
$1,871,549
$1,964,449
$2,058,665
$0
$0
Long-term debt
$0
$0
$0
$0
$3,358,257
$5,328,028
Total liabilities
$1,417,549
$1,871,549
$1,964,449
$2,058,665
$3,358,257
$5,328,028
Other
Headcount
—
5
—
5
—
4

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$19.6M
est. pre-money
$26.8M
pre-money
Reg CF · Common · Oct 2018
Reg CF · Common · Dec 2020

Blue bars are the pre-money valuation the company stated for a priced round. Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher.

Share price over rounds

$1.00$0.50$0.81
Oct 2018Dec 2020
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Share counts as of Dec 31, 2022
ClassOutstandingVotes / shareShare of totalLast price
Common Stock30,480,869—100.0%$1.00Dec 2020

Shares outstanding over timein today's share terms

30M15M0
Dec 2016Dec 2022
Common StockPreferred StockRound opened

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $1.1M / $1.1MPost-money $27.9M
Raised $1.1M / $1.1MEst. pre-money $19.6M

Team

5 people
Chris Tew
Board Member
John Lawson
Board Member
Lawrence Toll
Board Member
Timmy Chou
Principal Financial Officer
William W Crossman
Principal Executive Officer

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Possibly delinquent

Filed 2 of 8 annual reports (FY2018–FY2025)

Missing: 2018, 2020, 2021, 2022, 2024, 2025

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form C-ARMay 7, 20240001755778-24-000001
    EDGAR
  • Form C-UAug 6, 20210001669191-21-000768
    EDGAR
  • Form C/AMay 10, 20210001669191-21-000518
    EDGAR
  • Form C/AApr 19, 20210001669191-21-000399
    EDGAR
  • Form C/AMar 22, 20210001669191-21-000296
    EDGAR
  • Form C/AFeb 10, 20210001669191-21-000141
    EDGAR
  • Form C/AJan 20, 20210001669191-21-000051
    EDGAR
  • Form CDec 18, 20200001669191-20-000843
    EDGAR
Source: ManualCIK 0001755778Share price $1.00

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.