Franklin's Popcorn, Inc.
View this filing on EDGAR (filing index, accession 0001665160-24-001496) | All Form C filings by this company on EDGAR
Filing details
| Company | Franklin's Popcorn, Inc. | (Form C, issuer information) |
|---|---|---|
| State | WA | (Form C, issuer information) |
| Platform | StartEngine Primary, LLC | (Form C, issuer information) |
| Filing date | 2024-10-29 | (EDGAR filing index) |
| Date of incorporation | 2020-05-21 | (Form C, issuer information) |
| Employees | 7 | (Form C, issuer information) |
| Security offered | Common Stock | (Form C, offering information) |
| Price per security | $2 | (Form C, offering information) |
| Target amount | $14,999 | (Form C, offering information) |
| Maximum ask | $1,234,999 | (Form C, offering information) |
| Offering deadline | 2025-01-28 | (Form C, offering information) |
| Platform compensation | 7 - 13 percent | (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 | $4,913,692 | $2,495,804 | (Form C, financial summary) |
| Cost of goods sold | $2,673,319 | $1,665,119 | (Form C, financial summary) |
| Net income | -$2,842,319 | -$842,506 | (Form C, financial summary) |
| Taxes paid | $0 | $1,337 | (Form C, financial summary) |
| Cash and equivalents | $216,253 | $1,274,446 | (Form C, financial summary) |
| Accounts receivable | $112 | $0 | (Form C, financial summary) |
| Total assets | $1,317,051 | $2,150,879 | (Form C, financial summary) |
| Short-term debt | $2,652,098 | $1,761,899 | (Form C, financial summary) |
| Long-term debt | $799,740 | $0 | (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.
- Repeat Form C filer. This company filed 2 or more new Form C filings between 2024-10-21 to 2026-10-27 on EDGAR.
- Platform compensation of 8% or more. The platform compensation stated in the Form C is 8% or more of the offering.
A check means "read this part of the filing closely." It is not a judgment about how the company will do.
Other Form C filings by this company in our data
Company website as listed in the Form C: https://popsmith.com
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