Akiva Systems Inc.
View this filing on EDGAR (filing index, accession 0001670254-24-001152) | All Form C filings by this company on EDGAR
Filing details
| Company | Akiva Systems Inc. | (Form C, issuer information) |
|---|---|---|
| State | CA | (Form C, issuer information) |
| Platform | Wefunder Portal LLC | (Form C, issuer information) |
| Filing date | 2024-12-09 | (EDGAR filing index) |
| Date of incorporation | 2019-11-28 | (Form C, issuer information) |
| Employees | 4 | (Form C, issuer information) |
| Security offered | Common Stock | (Form C, offering information) |
| Price per security | $0 | (Form C, offering information) |
| Target amount | $50,000 | (Form C, offering information) |
| Maximum ask | $124,000 | (Form C, offering information) |
| Offering deadline | 2025-04-30 | (Form C, offering information) |
| Platform compensation | 6.9% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering. | (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 | $9,806 | $29,955 | (Form C, financial summary) |
| Cost of goods sold | $318,750 | $248,173 | (Form C, financial summary) |
| Net income | -$443,722 | -$379,893 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $45,572 | $37,306 | (Form C, financial summary) |
| Accounts receivable | $0 | $0 | (Form C, financial summary) |
| Total assets | $294,238 | $580,125 | (Form C, financial summary) |
| Short-term debt | $371,157 | $413,331 | (Form C, financial summary) |
| Long-term debt | $0 | $15,226 | (Form C, financial summary) |
Mechanical checks that fired
- 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.
- Debt above assets. Short-term plus long-term debt is larger than total assets 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://www.akiva.ai/
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