Cabotage Corp
View this filing on EDGAR (filing index, accession 0002065594-25-000001) | All Form C filings by this company on EDGAR
Filing details
| Company | Cabotage Corp | (Form C, issuer information) |
|---|---|---|
| State | NJ | (Form C, issuer information) |
| Platform | OpenDeal Portal LLC | (Form C, issuer information) |
| Filing date | 2025-04-28 | (EDGAR filing index) |
| Date of incorporation | 2024-08-14 | (Form C, issuer information) |
| Employees | 0 | (Form C, issuer information) |
| Security offered | Common Stock | (Form C, offering information) |
| Price per security | $3 | (Form C, offering information) |
| Target amount | $74,997 | (Form C, offering information) |
| Maximum ask | $1,235,000 | (Form C, offering information) |
| Offering deadline | 2025-05-19 | (Form C, offering information) |
| Platform compensation | Please see Form C filing. | (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 | $2,529,765 | $2,370,650 | (Form C, financial summary) |
| Cost of goods sold | $2,253,155 | $2,099,575 | (Form C, financial summary) |
| Net income | $3,757,539 | -$1,218,228 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $35,279 | $133,205 | (Form C, financial summary) |
| Accounts receivable | $46,053 | $149,420 | (Form C, financial summary) |
| Total assets | $2,776,366 | $3,212,534 | (Form C, financial summary) |
| Short-term debt | $1,320,658 | $6,473,443 | (Form C, financial summary) |
| Long-term debt | $40,482 | $52,001 | (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: 0002065594-25-000001.
"GOING CONCERN The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business."
"GOING CONCERN The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business."
- 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: 0002065594-25-000001.
"N%%%%%%%%CMAB@F Related Party Loans During the years presented, the Company borrowed money from the owners."
"RELATED PARTY TRANSACTIONS In fiscal years 2022 and 2023, the Company received non-interest-bearing loans from two members, KREUZKAPELLE AG and Jean Gandar, amounting to $4,397,741 and $733,860, respectively, with no defined maturity date."
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.revolutionracecars.com/
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