20Slash20, Inc.
View this filing on EDGAR (filing index, accession 0002140631-26-000002) | All Form C filings by this company on EDGAR
Filing details
| Company | 20Slash20, Inc. | (Form C, issuer information) |
|---|---|---|
| State | CA | (Form C, issuer information) |
| Platform | Mr. Crowd | (Form C, issuer information) |
| Filing date | 2026-06-29 | (EDGAR filing index) |
| Date of incorporation | 2023-03-16 | (Form C, issuer information) |
| Employees | 2 | (Form C, issuer information) |
| Security offered | Common Stock | (Form C, offering information) |
| Price per security | $4 | (Form C, offering information) |
| Target amount | $1,002 | (Form C, offering information) |
| Maximum ask | $123,997 | (Form C, offering information) |
| Offering deadline | 2026-12-31 | (Form C, offering information) |
| Platform compensation | 1) The issuer shall pay the intermediary a fee equal to 5% of the gross amount raised. 2) The issuer shall pay or reimburse all reasonable out-of-pocket third party expenses incurred by the intermediary on behalf of the issuer. | (Form C, offering information) |
Financial summary
Figures are as entered by the company in the financial summary on the cover of its Form C. They are self-reported and unaudited, and they are not taken from the financial statements filed as exhibits to the Form C, which we do not read mechanically.
| Item | Most recent fiscal year | Prior fiscal year | Source |
|---|---|---|---|
| Revenue | $2,911 | $2,347 | (Form C, financial summary) |
| Cost of goods sold | $0 | $0 | (Form C, financial summary) |
| Net income | -$163,829 | -$114,587 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $13,688 | $118,784 | (Form C, financial summary) |
| Accounts receivable | $0 | $0 | (Form C, financial summary) |
| Total assets | $67,839 | $143,772 | (Form C, financial summary) |
| Short-term debt | $9,240 | $21,344 | (Form C, financial summary) |
| Long-term debt | $0 | $0 | (Form C, financial summary) |
Mechanical checks that fired
- Going-concern language. Going-concern language appears in this offering's own Form C filing or in an amendment to it, in a sentence that states it rather than ruling it out. The quoted sentence is below. Read the auditor or accountant notes in the filing for the full context. Found in: 0002140631-26-000002, 0002140631-26-000003.
Note 7 - Going Concern and Liquidity The Company incurred a net loss of $163,829 and used $205,096 of cash in operating activities during the year ended December 31, 2025, and had an accumulated deficit of $278,416 as of December 31, 2025.
Quoted from a financial statement table, so it reads as columns rather than a sentence. Open the filing for the layout.Note 7 - Going Concern and Liquidity The Company incurred a net loss of $163,829 and used $205,096 of cash in operating activities during the year ended December 31, 2025, and had an accumulated deficit of $278,416 as of December 31, 2025.
Quoted from a financial statement table, so it reads as columns rather than a sentence. Open the filing for the layout. - Net loss in both years. Net income is negative in both fiscal years reported in the Form C financial summary.
- Cash below one year of losses. Net loss for the most recent fiscal year is larger than year-end cash, both as reported in the Form C financial summary.
- Maximum ask above 10x revenue. The maximum offering amount is more than 10 times the most recent fiscal year revenue (or revenue is $0), per the Form C.
A check means "read this part of the filing closely." It is not a judgment about how the company will do.
Company website as listed in the Form C: https://theeyedrink.com
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