|1||Only 12% of 27 million addicts and alcoholics get treatment costing the nation $442 billion annually|
|2||215 million "codependents" are dramatically underserved|
|3||Leadership is highly experienced in recovery, treatment and health care management|
|4||Stay Clean is the only telemedicine based, comprehensive treatment and recovery community|
First I believe in the mission and the founder of this company. He has assembled a group of proven successful men around him. Because of situations within my family with addiction I am painfully aware of the challenges a family and the addict faces. The addict is challenged as it is a life long disease and their never is enough beds or counselors. The App will give them a contact to help them when others cannot be there.
Addiction in its many forms has been with us for millenia. Literally, from the beginning of the country addiction to alcohol and drugs has been an issue high in the national conscience. Temperance organizations, church groups, political movements, and medical treatments were all a part of an effort to control alcohol and to a lesser extent drug use. In 1935, in Akron, two men suffering from alcoholism started Alcoholics Anonymous and AA and its many offspring have been a godsend to millions. Yet, 85 years later only 12% of the 27 million alcoholics and drug addicts ever receive any form of treatment -- AA, NA, counseling, rehab. Only 6% are in recovery from their disease. The situation for their loved ones, the codependents, is worse yet.
Mike Coleman had a vision about changing access to recovery. A career fire fighter, an alumnus of The Healing Place in Louisville, Mike went out on an EMT call to administer narcan to overdose victims far too many times. He had access to life saving treatment, so why should it be that far too often these victims do not? Something needs to change!
Mike knew that as a career member of the uniformed services he needed a team to help him fulfill that vision. He found a clinician thirty years in service, who had been part of building a 6,000 bed treatment organization, a career health care executive, and a colleague who had a long history in business technology.
Today we have a private, secure (HIPAA), telemedicine system that will support face-to-face clinical service to anyone - alcoholic, addict, codependent - who wants to get better. All of the counselors on that system are highly trained, experienced and state licensed. Our new community members have access to recovery meetings many times a day and an online community where they share their experience, strength and hope 24X7.
Our vision is that everyone who wants treatment, gets treatment. Everyone who wants to be clean and sober, everyone who wants to reframe their relationship has the opportunity to be well. Treatment works! Recovery is possible! Today there are millions of alcoholics, addicts, codependents living full and active lives. Our mission is to help people achieve that recovery.
We have a HIPAA protected, private, telemedicine platform where we offer alcoholics, addicts and their loved ones clinical treatment from the privacy of their homes at highly reasonable rates. The service is staffed by clinicians with the highest certification offered by their State of residence. We also have on-line recovery meetings, 24 hour text messaging and community blog, and life skills. WE have business-to-business plans for providing on site drug testing and treatment and there are several clients in the pipeline. We have internet marketing and social media efforts already underway. We are going to make this work in a sustainable, for-profit company that does good for the 250 million people suffering (addicts and codependents) and does well as a company.
Stay Clean has financial statements ending July 31 2020. Our cash in hand is $1,000, as of November 2020. Over the three months prior, revenues averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $750/month.
Management’s Discussion and Analysis of Financial Condition and Results of Operations
You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and the related notes and other financial information included elsewhere in this offering. Some of the information contained in this discussion and analysis, including information regarding the strategy and plans for our business, includes forward-looking statements that involve risks and uncertainties. You should review the "Risk Factors" section for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.
Stay Clean offers cloud-based addiction treatment via a HIPAA secure telemedicine platform, with highly certified clinicians, self-guided life skill tutorials, and and an on-line recovery community
In 5 years, we intend to grant access to treatment for every addict and codependent who wants it.
Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.
Get Clean Online, LLC was incorporated in the State of Kentucky in February 2017.
Since then, we have:
Historical Results of Operations
Our company was organized in February 2017 and has limited operations upon which prospective investors may base an evaluation of its performance.
Related Party Transaction
Refer to Question 26 of this Form C for disclosure of all related party transactions.
Liquidity & Capital Resources
To-date, the company has been financed with $75,000 in convertibles.
After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 9 months before we need to raise further capital.
We plan to use the proceeds as set forth in this Form C under "Use of Funds". We don’t have any other sources of capital in the immediate future.
We will likely require additional financing in excess of the proceeds from the Offering in order to perform operations over the lifetime of the Company. We plan to raise capital in 12 months. Except as otherwise described in this Form C, we do not have additional sources of capital other than the proceeds from the offering. Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately project whether the proceeds of this offering will be sufficient to enable us to implement our strategy. This complexity and uncertainty will be increased if less than the maximum amount of securities offered in this offering is sold. The Company intends to raise additional capital in the future from investors. Although capital may be available for early-stage companies, there is no guarantee that the Company will receive any investments from investors.
Runway & Short/Mid Term Expenses
Get Clean Online, LLC cash in hand is $1,000, as of November 2020. Over the last three months, revenues have averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $750/month, for an average burn rate of $750 per month. Our intent is to be profitable in 15 months.
To cover short-term operations, Eugene Gilchrist, CEO, has been and will continue to contribute personal capital.
There have been no material changes or trends since the date of our financials.
We believe (but not guarantee) to need a total of $325,000 in capital to reach a revenue-generating point 9 months after this raise. If we fail to raise that full amount, we can solicit investment from private investors in our network.
In six months we hope to achieve $375,000 in total revenue through clinical sales and counseling and spend $257,000. Our projections are based on the number of B2B clients in our pipeline. These projections cannot be guaranteed.
For additional capital, we can rely on advertising, and sales of self-guided learning will be minor revenue sources especially compared to clinical income.
While we have specific business plans designed for success in a very large market with few if any competitors, any innovative company involves risk as do investments in such companies. Regardless, risks include:
Our future success depends on the efforts of a small management team. The loss of services of the members of the management team may have an adverse effect on the company. There can be no assurance that we will be successful in attracting and retaining other personnel we require to successfully grow our business.
The market may not gravitate to telemental health. While COVID-19 has spurred the adoption of telemedicine, it is yet unproven that addicts, alcoholics and codependents will pursue face-to-face treatment in the cloud. The question may not be if people use telehealth but when and if not in our time frame this opportunity may take longer to take hold.
Compliance risks, while avoidable and manageable, can be costly. Health care and telehealth are highly regulated environments. Stay Clean has a robust Compliance Program but the risks are not entirely and certainly avoided. We do have a recovery plan and we are insured for this risk.
Capacity to scale through clinical staff. Clinicians at our intended level of quality are not procured "off the shelf". We have a robust program of clinician recruitment but client adoption could outstrip recruitment and delay our ability to see clients.
Regulatory matters are extensive in health care and are largely in the hands of the States. They are, therefore, highly disaggregated and have not kept pace with information technology. Delays in approvals State-by-State could slow our ability to treat clients.
Securing financial and protected health information required by the Health Insurance Portability and Accountability Act is required. This is managed successfully by many providers and we have systems in place that have been "HIPAA certified". Nonetheless, disclosure of this kind of information could be costly to reputation and financially.
IT failure or interruption. Our business is entirely in the cloud and, therefore, subject to risk of IT failure.
Temporary Rule 201(z)(2) provides temporary relief from certain financial information requirements by allowing issuers to omit the financial statements required by Rule 201(t) in the initial Form C filed with the Commission. This offering has commenced in reliance of Temporary Rule 201(z).
Already have a Wefunder account? Login
Don't have a Wefunder account? Signup