Above: Space Development Corp
View this filing on EDGAR (filing index, accession 0001185185-24-001059) | All Form C filings by this company on EDGAR
Filing details
| Company | Above: Space Development Corp | (Form C, issuer information) |
|---|---|---|
| State | AL | (Form C, issuer information) |
| Platform | Silicon Prairie Online LLC | (Form C, issuer information) |
| Filing date | 2024-11-04 | (EDGAR filing index) |
| Date of incorporation | 2022-06-16 | (Form C, issuer information) |
| Employees | 6 | (Form C, issuer information) |
| Security offered | Other Class B Common Stock (non-voting) | (Form C, offering information) |
| Price per security | $0 | (Form C, offering information) |
| Target amount | $10,120 | (Form C, offering information) |
| Maximum ask | $4,899,000 | (Form C, offering information) |
| Offering deadline | 2025-03-31 | (Form C, offering information) |
| Platform compensation | $2,500 listing fee + commission tiers for amount raised: 5% to $1M, plus 4% from $1M to $2M, plus 3% from $2M to $10M, plus 1% above $10M. Total commissions earned based on cumulative lifetime raises with platform which is $457,705 as of 10/31/24. | (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 | $824,822 | $996,031 | (Form C, financial summary) |
| Cost of goods sold | $30,910 | $2,701 | (Form C, financial summary) |
| Net income | -$822,491 | -$210,280 | (Form C, financial summary) |
| Taxes paid | $530 | $1,073 | (Form C, financial summary) |
| Cash and equivalents | $180,216 | $687,662 | (Form C, financial summary) |
| Accounts receivable | $2,000 | $0 | (Form C, financial summary) |
| Total assets | $271,756 | $724,856 | (Form C, financial summary) |
| Short-term debt | $0 | $0 | (Form C, financial summary) |
| Long-term debt | $67,333 | $63,089 | (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: 0001185185-24-001059, 0001185185-24-001090, 0001185185-25-001219, 0001185185-25-001954.
"Emphasis of Matter Regarding Going Concern The accompanying consolidated financial statements have been prepared assuming that the company will continue as a going concern."
"Emphasis of Matter Regarding Going Concern The accompanying consolidated financial statements have been prepared assuming that the company will continue as a going concern."
- Related-party language. Related-party 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 phrase can describe routine or unusual arrangements, so read the quoted sentence and the filing. Found in: 0001185185-24-001059, 0001185185-24-001090, 0001185185-25-001219, 0001185185-25-001954.
"We believe that these non-GAAP financial measures provide useful information and enable analysts to compare our ongoing financial performance more accurately over the periods presented. 88 RELATED PARTY TRANSACTIONS Related Person Transactions From time to time the Company may engage in transactions with “related persons”."
"We believe that these non-GAAP financial measures provide useful information and enable analysts to compare our ongoing financial performance more accurately over the periods presented. 88 RELATED PARTY TRANSACTIONS Related Person Transactions From time to time the Company may engage in transactions with “related persons”."
- 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.
A check means "read this part of the filing closely." It is not a judgment about how the company will do.
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