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Private company

BRAIN SCIENTIFIC INC.

BRAIN SCIENTIFIC INC. is an American surgical and medical instruments and apparatus company.1 It is headquartered in Lakewood Ranch, Florida.1

Last updated Oct 21, 2026.

Overview

  • IndustrySurgical & Medical Instruments & Apparatus1
  • HeadquartersLakewood Ranch, Florida1
  • Incorporated inNV2
  • Business address6700 Professional Parkway, Lakewood Ranch, Fl 342402
  • Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company2
  • Legal formCorporation

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

25.3%Gross margin3
-4478.1%Operating margin3
-5753.0%Net margin3
-19.3%Revenue growth, 20223
-285.9%Return on equity3
-$6.0MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue12¢$160.2K
  • Research and development23¢$301.9K
  • Interest65¢$844.9K

Out of $214.6K in revenue.3 The company lost money this year.

Financial statements

Revenue456783$214.6K in 2022
0$200.0K$400.0K$600.0K2016: $0$020162017: $0$020172018: $58.1K$58.1K20182019: $489.2K$489.2K2019+742%2020: $93.7K$93.7K2020−81%2021: $265.7K$265.7K2021+184%2022: $214.6K$214.6K2022−19%
Gross profit456783$54.3K in 2022
0$50.0K$100.0K$150.0K2016: $0$020162017: $0$020172018: $24.2K$24.2K20182019: $102.0K$102.0K2019+322%2020: $49.9K$49.9K2020−51%2021: $83.2K$83.2K2021+67%2022: $54.3K$54.3K2022−35%
Operating income456783-$9.6M in 2022+10518% since 2016
-$10.0M-$7.5M-$5.0M-$2.5M02016: -$90.5K-$90.5K20162017: -$905.2K-$905.2K2017+900%2018: -$1.3M-$1.3M2018+42%2019: -$970.2K-$970.2K2019−25%2020: -$2.8M-$2.8M2020+185%2021: -$8.7M-$8.7M2021+213%2022: -$9.6M-$9.6M2022+11%
Net income456783-$12.3M in 2022+13505% since 2016
-$15.0M-$10.0M-$5.0M02016: -$90.7K-$90.7K20162017: -$958.3K-$958.3K2017+956%2018: -$1.4M-$1.4M2018+49%2019: -$1.0M-$1.0M2019−30%2020: -$2.8M-$2.8M2020+179%2021: -$9.1M-$9.1M2021+225%2022: -$12.3M-$12.3M2022+36%
Fiscal year2016201720182019202020212022
Revenue$04$05$58.1K6$489.2K7$93.7K8$265.7K3$214.6K3
Cost of revenue$04$05$33.9K6$387.2K7$43.8K8$182.5K3$160.2K3
Gross profit$04$05$24.2K6$102.0K7$49.9K8$83.2K3$54.3K3
Research and development$289.6K5$210.2K6$103.6K7$210.7K8$329.5K3$301.9K3
Operating expenses$8.7M3$9.7M3
Operating income-$90.5K4-$905.2K5-$1.3M6-$970.2K7-$2.8M8-$8.7M3-$9.6M3
Interest$2384$97.7K5$159.2K6$32.9K6$29.5K8$467.8K3$844.9K3
Income before tax-$9.1M3-$12.3M3
Income tax$04$05$05$2.2K7
Net income-$90.7K4-$958.3K5-$1.4M6-$1.0M7-$2.8M8-$9.1M3-$12.3M3
Earnings per share-$0.108-$25.043-$12.953
Earnings per share (diluted)-$25.043-$12.953
Shares (weighted, basic)363.5K shares3953.3K shares3
Shares (weighted, diluted)363.5K shares3953.3K shares3

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Corporate structure

BRAIN SCIENTIFIC INC. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of BRAIN SCIENTIFIC INC.

  • MANCHESTER MANAGEMENT CO LLC Filed SC 13D on BRAIN SCIENTIFIC INC., latest Aug 4, 2022
  • Andrew M. Brown Filed SC 13G/A on BRAIN SCIENTIFIC INC., latest Feb 14, 2022
  • Thomas Caleca Filed SC 13G/A on BRAIN SCIENTIFIC INC., latest Feb 14, 2022
  • Hassan Kotob Filed SC 13D on BRAIN SCIENTIFIC INC., latest Oct 27, 2021
  • BRAIN SCIENTIFIC INC. Lakewood Ranch, Florida

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What BRAIN SCIENTIFIC INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$101.3K3 Dec 31, 2022$66.0K3 Dec 31, 2021+53.6%
Property and equipment, net$120.9K3 Dec 31, 2022$123.0K3 Dec 31, 2021−1.7%
Operating-lease assets (leased space)$88.5K3 Dec 31, 2022$191.7K3 Dec 31, 2021−53.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$747.7K3 Dec 31, 2022$785.4K3 Dec 31, 2021−4.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$913.2K3 Dec 31, 2021
Intangible assets, net (excluding goodwill)$10.2M3 Dec 31, 2022$10.9M3 Dec 31, 2021−7.0%
Finite-lived intangibles, gross$10.2M3 Dec 31, 2022$10.9M3 Dec 31, 2021−7.0%
Accumulated amortization$11.1M3 Dec 31, 2022$11.1M3 Dec 31, 20210%

Inventory

ItemLatestA year beforeChange
Inventory, total$149.6K3 Dec 31, 2022$146.1K3 Dec 31, 2021+2.4%
Raw materials$76.3K3 Dec 31, 2022$93.2K3 Dec 31, 2021−18.2%
Finished goods$61.4K3 Dec 31, 2022$41.0K3 Dec 31, 2021+49.6%
Supplies$11.9K3 Dec 31, 2022$11.9K3 Dec 31, 2021+0.2%

Leadership

Who has led BRAIN SCIENTIFIC INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Hassan Kotob2021–2022

Chair

  1. Boris Goldstein2020

Chief financial officer

  1. Mark Corrao2020
  2. Bonnie-Jeanne Gerety2021–2022
2025
Board members and other officers (4)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Chief Revenue OfficerTodd Eckler named Jan 13, 202218
  • DirectorNickolay Kukekov named Jan 13, 2022 to Jul 19, 202219
  • DirectorThomas Olivier named Jan 13, 2022 to Jul 19, 202219

Former names

  • All Soft Gels IncDec 29, 2015 to Sep 24, 20182

Timeline

  1. May 3, 20238-K Other events20
  2. Apr 5, 20238-K Entered a material agreement; Unregistered sale of shares21
  3. Mar 20, 20238-K Entered a material agreement; Unregistered sale of shares22
  4. Feb 6, 20238-K Bylaws or fiscal year changed23
  5. Jan 3, 20238-K Executive or director change24
  6. Nov 3, 20228-K Executive or director change; Other events25
  7. Jun 15, 20228-K Entered a material agreement; Unregistered sale of shares; Other events26
  8. Apr 19, 20228-K Regulation FD disclosure27
  9. Apr 6, 20228-K Entered a material agreement28
  10. Feb 16, 20228-K Entered a material agreement; Unregistered sale of shares29
  11. Feb 8, 20228-K Executive or director change30
  12. Jan 13, 20228-K Regulation FD disclosure31
  13. Oct 27, 2021New chief executive Hassan Kotob becomes CEO11

Filings

62 filings to the SEC since October 2021: 2 annual reports, 4 quarterly reports, 18 major events, 24 insider forms, 4 large holders, 2 private raises, 8 other. The latest 20:

  1. Jan 11, 2024SEC STAFF ACTION EDGAR
  2. May 5, 202315-12G NOTICE OF TERMINATION OF REGISTRATION EDGAR
  3. May 3, 20238-K CURRENT REPORT EDGAR
  4. Apr 5, 20238-K CURRENT REPORT EDGAR
  5. Mar 31, 202310-K ANNUAL REPORT EDGAR
  6. Mar 20, 20238-K CURRENT REPORT EDGAR
  7. Feb 14, 2023S-1/A AMENDMENT NO. 3 TO FORM S-1 EDGAR
  8. Feb 10, 2023S-1/A AMENDMENT NO. 2 TO FORM S-1 EDGAR
  9. Feb 6, 20238-K CURRENT REPORT EDGAR
  10. Jan 18, 2023S-1/A AMENDMENT NO. 1 TO FORM S-1 EDGAR
  11. Jan 3, 20238-K CURRENT REPORT EDGAR
  12. Nov 14, 202210-Q QUARTERLY REPORT EDGAR
  13. Nov 3, 20228-K CURRENT REPORT EDGAR
  14. Aug 25, 20224 OWNERSHIP DOCUMENT EDGAR
  15. Aug 25, 20223 OWNERSHIP DOCUMENT EDGAR
  16. Aug 24, 20224 OWNERSHIP DOCUMENT EDGAR
  17. Aug 24, 20224 OWNERSHIP DOCUMENT EDGAR
  18. Aug 24, 20224 OWNERSHIP DOCUMENT EDGAR
  19. Aug 23, 20224 PRIMARY DOCUMENT EDGAR
  20. Aug 22, 20224 EDGAR

The 62 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$14.8M 2021–2022
Money received by yearMoney received by year, 2021–2022: $14.8M in all. Private raises (Form D) $14.8M.$0$2.5M$5M$7.5M$10M2021 · Private raises (Form D): $9.7M20212022 · Private raises (Form D): $5.1M2022
Figures by year
YearPrivate raises (Form D)Total
2022$5.1M$5.1M
2021$9.7M$9.7M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Jun 13, 2022Raised $5.1 million in a private offering of debt19 Form D: 11 investors so far Form D
  2. Oct 1, 2021Raised $9.7 million in a private offering of debt18 Form D: $20 million offered in all Form D

SEC filer profile

How BRAIN SCIENTIFIC INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARBRAIN SCIENTIFIC INC.1
  • CIK0001662382
  • Employer ID (EIN)81-08767141
  • Filer statusNon-accelerated filer<br>smaller reporting company<br>emerging growth company1
  • Incorporated inNevada1
  • Fiscal year endsDecember 311
  • Industry code (SIC)3841 Surgical & Medical Instruments & Apparatus1
  • SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
  • Business address6700 Professional Parkway, Lakewood Ranch, FL 342401
  • Phone(646) 388-37881
  • Shares outstanding1,242,647 as of Mar 31, 20233
  • Public float$7.9M as of Jun 30, 20223
  • On EDGAR sinceDec 29, 20151
  • Filings227 in all: 8-K (88), 10-Q (21), 4 (17), CORRESP (11), 3 (10), S-1/A (9), UPLOAD (9), 10-K (7)1
    All 34 form types

    NT 10-Q (7), D (6), 8-K/A (4), SC 13D (4), 1-A/A (3), 10-Q/A (3), EFFECT (3), NT 10-K (3), S-1 (3), SC 13G (2), SC 13G/A (2), 1-A (1), 10-K/A (1), 15-12G (1), 4/A (1), 424B3 (1), 424B4 (1), 8-A12G (1), DEF 14C (1), DEFA14A (1), DEFM14C (1), POS AM (1), PRE 14C (1), PREM14C (1), QUALIF (1), SEC STAFF ACTION (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2023
    Quarterly report (10-Q) Nov 14, 2022
    Latest 8-K (8-K) May 3, 2023

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
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