Health Care Originals, Inc.
View this filing on EDGAR (filing index, accession 0001670254-24-001046) | All Form C filings by this company on EDGAR
Filing details
| Company | Health Care Originals, Inc. | (Form C, issuer information) |
|---|---|---|
| State | NY | (Form C, issuer information) |
| Platform | Wefunder Portal LLC | (Form C, issuer information) |
| Filing date | 2024-11-01 | (EDGAR filing index) |
| Date of incorporation | 2016-06-27 | (Form C, issuer information) |
| Employees | 7 | (Form C, issuer information) |
| Security offered | Preferred Stock | (Form C, offering information) |
| Price per security | $2 | (Form C, offering information) |
| Target amount | $49,999 | (Form C, offering information) |
| Maximum ask | $1,234,999 | (Form C, offering information) |
| Offering deadline | 2025-07-29 | (Form C, offering information) |
| Platform compensation | <p>6% 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.</p> | (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 | $5,051 | $7,687 | (Form C, financial summary) |
| Cost of goods sold | $5,439 | $13,712 | (Form C, financial summary) |
| Net income | -$2,650,362 | -$3,323,424 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $576,962 | $7,256 | (Form C, financial summary) |
| Accounts receivable | $3,746 | $0 | (Form C, financial summary) |
| Total assets | $1,014,947 | $402,586 | (Form C, financial summary) |
| Short-term debt | $179,166 | $174,318 | (Form C, financial summary) |
| Long-term debt | $1,307,945 | $6,591,383 | (Form C, financial summary) |
Mechanical checks that fired
- 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: 0002037345-25-000003.
C/A 0002037345 XXXXXXXX 020-35011 LIVE false false true true Adding information about a related party transaction Health Care Originals, Inc.
Quoted from a financial statement table, so it reads as columns rather than a sentence. Open the filing for the layout. - 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.
- 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: https://healthcareoriginals.com/
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