Geoship SPC
View this filing on EDGAR (filing index, accession 0001670254-25-000564) | All Form C filings by this company on EDGAR
Filing details
| Company | Geoship SPC | (Form C, issuer information) |
|---|---|---|
| State | CA | (Form C, issuer information) |
| Platform | Wefunder Portal LLC | (Form C, issuer information) |
| Filing date | 2025-05-08 | (EDGAR filing index) |
| Date of incorporation | 2014-01-24 | (Form C, issuer information) |
| Employees | 23 | (Form C, issuer information) |
| Security offered | Other Revenue Share Loan | (Form C, offering information) |
| Price per security | $1 | (Form C, offering information) |
| Target amount | $100,000 | (Form C, offering information) |
| Maximum ask | $3,132,492 | (Form C, offering information) |
| Offering deadline | 2026-04-30 | (Form C, offering information) |
| Platform compensation | 6.5% 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 | $0 | $0 | (Form C, financial summary) |
| Cost of goods sold | $0 | $0 | (Form C, financial summary) |
| Net income | -$3,289,864 | -$1,910,888 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $3,576,407 | $1,105,863 | (Form C, financial summary) |
| Accounts receivable | $700 | $0 | (Form C, financial summary) |
| Total assets | $5,206,702 | $1,640,617 | (Form C, financial summary) |
| Short-term debt | $1,135,370 | $741,109 | (Form C, financial summary) |
| Long-term debt | $8,794,933 | $3,202,719 | (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.
- No revenue. Revenue for the most recent fiscal year is $0 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.
- Repeat Form C filer. This company filed 2 or more new Form C filings between 2024-10-21 to 2026-10-27 on EDGAR.
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: http://www.geoship.is
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