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Life Magnetics

Reg CF · Preferred Stock · Oct 2023

ClosedReached targetReg CFPreferred Equity
via WeFunderView campaign
Raised
$91.9K / $618K max
15% of ceiling · target hit day 40
Investors
319
$288.1 avg
Post-money valuation
$5.6M
pre-money + amount raised

Raised over time

Cumulative raisedInvestors
$165K$82K$0
44220
Oct 15, 2023 · openedJan 25, 2024 · last reading
Target ($50K) hit — Nov 24, 2023, day 40Deadline Apr 29, 2024 — 95 days out

Left axis: cumulative dollars raised. Right axis: cumulative investors. Live figures via WeFunder; investor counts may lag the platform by up to a day.

Financials disclosed in this offering

FY2021–FY2022 · hover for source
$33K
−$233K
FY2021
$44K
−$287K
FY2022
RevenueNet income
Metric
FY2021 reviewed
FY2022 reviewed
Income statement
Revenue
$33,306
$44,083
Cost of goods sold
$112,006
$176,716
Gross margin
-236%
-301%
Net income
-$232,759
-$287,133
Taxes paid
$0
$0
Balance sheet
Cash
$472,133
$193,716
Accounts receivable
$0
$0
Total assets
$574,193
$319,601
Short-term debt
$169,060
$174,244
Long-term debt
$20,000
$20,000
Total liabilities
$189,060
$194,244
Other
Headcount
—
3

The fiscal years the issuer disclosed in this offering’s filing, as filed. Full history on the company page.

Deal terms

Pre-money$5.5M
Post-money$5.6M
Price / share$64.95
Shares offered770

Offering details

Target$50,012
Max$617,999
Min investment$100
OpenedOct 15, 2023
DeadlineApr 29, 2024
ClosedJan 25, 2024
Days active102

Links & provenance

Campaign pageSEC filing
Source: Manual
0001670254-23-000963

About this data. Raised amounts and investor counts come from the platform listing and may lag or be restated; SEC-reported totals can differ until the next Form 1-Z/C-U. Post-money valuation is computed as pre-money plus amount raised and is shown once the round closes — it is not a traded price. Financial statements are as reported by the issuer. 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.