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SimpleTest by iAssay
OperatingiAssay, Inc.
Founded 2014
Revolutionizing the medical point of care device industry by democratizing care
Valuation cap ⓘ
$8.5M
As of Jun 2021 · from SimpleTest by iAssay Convertible Note 1 · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$226,715
Across 1 round since 2021
Financials
FY2018–FY2021 · from SEC filings · hover any figure for its source$0
−$70K
2018
$0
−$70K
2019
$0
−$151K
2020
$192K
−$219K
2021
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018
FY2019
FY2020
FY2021
Income statement
Revenue
$0
$0
$0
$192,001
Cost of goods sold
$0
$0
$57,089
$69,326
Gross margin
—
—
—
64%
Net income
-$70,384
-$69,728
-$151,106
-$218,974
Taxes paid
$800
$800
$2,734
$4,668
Balance sheet
Cash
$3,140
$83,722
$3,308
$118,013
Accounts receivable
$0
$0
$0
-$9,482
Total assets
$118,858
$194,792
$181,190
$286,413
Short-term debt
$168,335
$427,797
$157,977
$189,534
Long-term debt
$113,800
$0
$358,094
$650,733
Total liabilities
$282,135
$427,797
$516,071
$840,267
Other
Headcount
—
1
—
2
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; no pill means the filing didn’t state one. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.
Valuation over rounds
Post-money = pre-money + amount raised · caps marked$8.5M
Valuation cap
SimpleTest by iAssay Convertible Note 1
A dashed amber step is a SAFE/note valuation cap — a conversion ceiling agreed for that instrument, not a priced valuation of the company. Steps are not comparable across bases.
Fundraising history
Raised $226.7K / $900KInvestors 148Valuation cap $8.5M
Reg CF annual-report compliance
Not requiredFewer than 300 holders of record
Filed 1 of 6 annual reports (FY2020–FY2025)
148 investors
holder-count proxy
Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.
SEC filings
Source: ManualCIK 0001834751
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.