IdBase Technologies Inc.
View this filing on EDGAR (filing index, accession 0001096906-25-000662) | All Form C filings by this company on EDGAR
Filing details
| Company | IdBase Technologies Inc. | (Form C, issuer information) |
|---|---|---|
| State | Z4 | (Form C, issuer information) |
| Platform | DEALMAKER SECURITIES LLC | (Form C, issuer information) |
| Filing date | 2025-05-01 | (EDGAR filing index) |
| Date of incorporation | 2010-07-29 | (Form C, issuer information) |
| Employees | 5 | (Form C, issuer information) |
| Security offered | Common Stock | (Form C, offering information) |
| Price per security | $0 | (Form C, offering information) |
| Target amount | $10,300 | (Form C, offering information) |
| Maximum ask | $4,989,545 | (Form C, offering information) |
| Offering deadline | 2025-06-27 | (Form C, offering information) |
| Platform compensation | The issuer pays DealMaker Securities, LLC an 8.5% commission on sold securities, disbursed from escrow at closing. Additionally, the issuer paid a $15,000 administrative fee, $2,000 monthly maintenance, and reimburses offering expenses. | (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 | $525,980 | -$381,521 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $6,384 | $5,000 | (Form C, financial summary) |
| Accounts receivable | $0 | $0 | (Form C, financial summary) |
| Total assets | $23,985 | $153,533 | (Form C, financial summary) |
| Short-term debt | $1,009,058 | $2,520,699 | (Form C, financial summary) |
| Long-term debt | $35,585 | $39,986 | (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: 0001096906-25-000662, 0001096906-25-000668, 0001096906-25-000979, 0001096906-25-001063.
"NATURE OF OPERATIONS AND GOING CONCERN Fair Ticket Solutions, Inc."
"NATURE OF OPERATIONS AND GOING CONCERN Fair Ticket Solutions, Inc."
- 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: 0001096906-25-000662, 0001096906-25-000668, 0001096906-25-000979, 0001096906-25-001063.
"The Company is exposed to liquidity risk through its bank indebtedness, accounts payable, lease liability, notes payable, advances from related parties, and government loan payable, and management mitigates this risk by consistently monitoring its cash position and issuing common shares as required."
"The Company is exposed to liquidity risk through its bank indebtedness, accounts payable, lease liability, notes payable, advances from related parties, and government loan payable, and management mitigates this risk by consistently monitoring its cash position and issuing common shares as required."
- 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.
- 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.
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