About
POWERHANDZ is a global product tech company that enhances human performance and rehabilitation. Our products are developed to track and improve performance while aiding in the injury prevention and injury recovery process. To date we've sold in over 85 countries and our products are used by thousands of youth, skill trainers, professional athletes, fitness enthusiasts and organizations. https://linktr.ee/Powerhandz
- Dallas, United States of America
- Legal Name: Powerhandz INC
- Company ID: 464250281
- Year Founded: 2013
- Industry: Sporting Goods
- Website: https://www.POWERHANDZ.com
- SEC Filings
Highlights
$5M
CF Valuation
$74.6K
Total Raised
$265K
Revenue
4
Employees
Indicators
Profit Margin
-103.9%
(-45.2%)
2018: -58.7%
Current Ratio
3.45
(157.5%)
2018: 1.34
Revenue Growth
Financials
| INCOME STATEMENT | 2019 | 2018 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Revenue | $264,975 | $577,293 | $577,293 | $791,523 | -67% |
| Cost of Goods Sold | -$105,315 | -$200,534 | -$200,534 | -$366,703 | -71% |
| Gross Profit | $159,660 | $376,759 | $376,759 | $424,821 | -62% |
| Other Costs | -$434,845 | -$113,604 | -$113,604 | -$212,410 | 105% |
| Taxes Paid | $0 | $0 | $0 | $0 | — |
| Net Income | -$275,185 | $263,155 | $263,155 | $212,411 | -230% |
| BALANCE SHEET | 2019 | 2018 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Cash | $118,192 | $118,192 | $118,192 | $225,651 | -48% |
| Accounts Receivable | $43,265 | $43,265 | $43,265 | $82,104 | -47% |
| Total Liquidity | $161,456 | $161,456 | $161,456 | $307,755 | -48% |
| Other Assets | $208,018 | $458,351 | $458,351 | $348,261 | -40% |
| Total Assets | $369,474 | $619,808 | $619,808 | $656,016 | -44% |
| Short Term debt | $107,000 | $484,729 | $484,729 | $387,081 | -72% |
| Long Term debt | $380,000 | $380,000 | $380,000 | $369,000 | 3% |
| Total Debt | $487,000 | $864,729 | $864,729 | $756,081 | -36% |
| Other Liabilities | -$117,526 | -$244,922 | -$244,922 | -$100,065 | 17% |
| Total Liabilities | $369,474 | $619,808 | $619,808 | $656,016 | -44% |
Revenue Growth
Employee Growth
Financials
| INCOME STATEMENT | 2019 | 2018 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Revenue | $264,975 | $577,293 | $577,293 | $791,523 | -67% |
| Cost of Goods Sold | -$105,315 | -$200,534 | -$200,534 | -$366,703 | -71% |
| Gross Profit | $159,660 | $376,759 | $376,759 | $424,821 | -62% |
| Other Costs | -$434,845 | -$113,604 | -$113,604 | -$212,410 | 105% |
| Taxes Paid | $0 | $0 | $0 | $0 | — |
| Net Income | -$275,185 | $263,155 | $263,155 | $212,411 | -230% |
| BALANCE SHEET | 2019 | 2018 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Cash | $118,192 | $118,192 | $118,192 | $225,651 | -48% |
| Accounts Receivable | $43,265 | $43,265 | $43,265 | $82,104 | -47% |
| Total Liquidity | $161,456 | $161,456 | $161,456 | $307,755 | -48% |
| Other Assets | $208,018 | $458,351 | $458,351 | $348,261 | -40% |
| Total Assets | $369,474 | $619,808 | $619,808 | $656,016 | -44% |
| Short Term debt | $107,000 | $484,729 | $484,729 | $387,081 | -72% |
| Long Term debt | $380,000 | $380,000 | $380,000 | $369,000 | 3% |
| Total Debt | $487,000 | $864,729 | $864,729 | $756,081 | -36% |
| Other Liabilities | -$117,526 | -$244,922 | -$244,922 | -$100,065 | 17% |
| Total Liabilities | $369,474 | $619,808 | $619,808 | $656,016 | -44% |
| INCOME STATEMENT | 2019 | 2018 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Revenue | $264,975 | $577,293 | $577,293 | $791,523 | -67% |
| Cost of Goods Sold | -$105,315 | -$200,534 | -$200,534 | -$366,703 | -71% |
| Gross Profit | $159,660 | $376,759 | $376,759 | $424,821 | -62% |
| Other Costs | -$434,845 | -$113,604 | -$113,604 | -$212,410 | 105% |
| Taxes Paid | $0 | $0 | $0 | $0 | — |
| Net Income | -$275,185 | $263,155 | $263,155 | $212,411 | -230% |
| BALANCE SHEET | 2019 | 2018 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Cash | $118,192 | $118,192 | $118,192 | $225,651 | -48% |
| Accounts Receivable | $43,265 | $43,265 | $43,265 | $82,104 | -47% |
| Total Liquidity | $161,456 | $161,456 | $161,456 | $307,755 | -48% |
| Other Assets | $208,018 | $458,351 | $458,351 | $348,261 | -40% |
| Total Assets | $369,474 | $619,808 | $619,808 | $656,016 | -44% |
| Short Term debt | $107,000 | $484,729 | $484,729 | $387,081 | -72% |
| Long Term debt | $380,000 | $380,000 | $380,000 | $369,000 | 3% |
| Total Debt | $487,000 | $864,729 | $864,729 | $756,081 | -36% |
| Other Liabilities | -$117,526 | -$244,922 | -$244,922 | -$100,065 | 17% |
| Total Liabilities | $369,474 | $619,808 | $619,808 | $656,016 | -44% |
| INCOME STATEMENT | 2019 | 2018 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Revenue | $264,975 | $577,293 | $577,293 | $791,523 | -67% |
| Cost of Goods Sold | -$105,315 | -$200,534 | -$200,534 | -$366,703 | -71% |
| Gross Profit | $159,660 | $376,759 | $376,759 | $424,821 | -62% |
| Other Costs | -$434,845 | -$113,604 | -$113,604 | -$212,410 | 105% |
| Taxes Paid | $0 | $0 | $0 | $0 | — |
| Net Income | -$275,185 | $263,155 | $263,155 | $212,411 | -230% |
| BALANCE SHEET | 2019 | 2018 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Cash | $118,192 | $118,192 | $118,192 | $225,651 | -48% |
| Accounts Receivable | $43,265 | $43,265 | $43,265 | $82,104 | -47% |
| Total Liquidity | $161,456 | $161,456 | $161,456 | $307,755 | -48% |
| Other Assets | $208,018 | $458,351 | $458,351 | $348,261 | -40% |
| Total Assets | $369,474 | $619,808 | $619,808 | $656,016 | -44% |
| Short Term debt | $107,000 | $484,729 | $484,729 | $387,081 | -72% |
| Long Term debt | $380,000 | $380,000 | $380,000 | $369,000 | 3% |
| Total Debt | $487,000 | $864,729 | $864,729 | $756,081 | -36% |
| Other Liabilities | -$117,526 | -$244,922 | -$244,922 | -$100,065 | 17% |
| Total Liabilities | $369,474 | $619,808 | $619,808 | $656,016 | -44% |
| INCOME STATEMENT | 2019 | 2018 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Revenue | $264,975 | $577,293 | $577,293 | $791,523 | -67% |
| Cost of Goods Sold | -$105,315 | -$200,534 | -$200,534 | -$366,703 | -71% |
| Gross Profit | $159,660 | $376,759 | $376,759 | $424,821 | -62% |
| Other Costs | -$434,845 | -$113,604 | -$113,604 | -$212,410 | 105% |
| Taxes Paid | $0 | $0 | $0 | $0 | — |
| Net Income | -$275,185 | $263,155 | $263,155 | $212,411 | -230% |
| BALANCE SHEET | 2019 | 2018 | 2017 | 2016 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Cash | $118,192 | $118,192 | $118,192 | $225,651 | -48% |
| Accounts Receivable | $43,265 | $43,265 | $43,265 | $82,104 | -47% |
| Total Liquidity | $161,456 | $161,456 | $161,456 | $307,755 | -48% |
| Other Assets | $208,018 | $458,351 | $458,351 | $348,261 | -40% |
| Total Assets | $369,474 | $619,808 | $619,808 | $656,016 | -44% |
| Short Term debt | $107,000 | $484,729 | $484,729 | $387,081 | -72% |
| Long Term debt | $380,000 | $380,000 | $380,000 | $369,000 | 3% |
| Total Debt | $487,000 | $864,729 | $864,729 | $756,081 | -36% |
| Other Liabilities | -$117,526 | -$244,922 | -$244,922 | -$100,065 | 17% |
| Total Liabilities | $369,474 | $619,808 | $619,808 | $656,016 | -44% |
Indicators
Profit Margin
-103.9%
(-45.2%)
2018: -58.7%
Current Ratio
3.45
(157.5%)
2018: 1.34
Efficiency Ratio
39.7%
(-60.8%)
2018: 101.3%
Key figures
| INCOME STATEMENT | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|
| Revenue Growth | -27% | -27% | -27% | ∞ |
| Profit Margin | -104% | 46% | 46% | 27% |
| Current Ratio | 3% | 1% | 1% | 2% |
| Efficiency Ratio | 40% | 35% | 35% | 46% |
| Solvency Ratio | -56% | 30% | 30% | 28% |
| Debt Ratio | 132% | 140% | 140% | 115% |
Funding History
1 Funding Round
$74,599Total Raised
$5,000,000CF Valuation
—Valuation Growth
| ROUND | STATUS | CLOSE DATE | RAISED | PLATFORM | SECURITY | TERMS | GROWTH | REGULATION | DAYS OPEN | START DATE |
|---|---|---|---|---|---|---|---|---|---|---|
1. Closed | Closed | Apr 01, 2019 | $74,599 | Wefunder | Equity | $5M valuation | — | SEC Reg CF | 237 days | Aug 07, 2018 |
