Leben & Cerne Corp
View this filing on EDGAR (filing index, accession 0001788777-26-000009) | All Form C filings by this company on EDGAR
Filing details
| Company | Leben & Cerne Corp | (Form C, issuer information) |
|---|---|---|
| State | CA | (Form C, issuer information) |
| Platform | Fundify Portal, LLC | (Form C, issuer information) |
| Filing date | 2026-06-12 | (EDGAR filing index) |
| Date of incorporation | 2018-01-29 | (Form C, issuer information) |
| Employees | 1 | (Form C, issuer information) |
| Security offered | Other SAFE (Simple Agreement for Future Equity) | (Form C, offering information) |
| Price per security | $1 | (Form C, offering information) |
| Target amount | $100,000 | (Form C, offering information) |
| Maximum ask | $1,235,000 | (Form C, offering information) |
| Offering deadline | 2027-06-10 | (Form C, offering information) |
| Platform compensation | 8.5% ; 4.0% >$350,000 | (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 | $133,301 | $162,501 | (Form C, financial summary) |
| Cost of goods sold | -$28,308 | -$99,382 | (Form C, financial summary) |
| Net income | -$516,034 | -$302,255 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $26,769 | $58,543 | (Form C, financial summary) |
| Accounts receivable | $3,750 | $17,400 | (Form C, financial summary) |
| Total assets | $57,702 | $404,276 | (Form C, financial summary) |
| Short-term debt | $506,502 | $440,715 | (Form C, financial summary) |
| Long-term debt | $437,987 | $409,333 | (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: 0001788777-26-000009, 0001788777-26-000011.
"NOTE 6 - GOING CONCERN These financial statements are prepared on a going concern basis."
"NOTE 6 - GOING CONCERN These financial statements are prepared on a going concern basis."
- 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: 0001788777-26-000009, 0001788777-26-000011.
"No other material related-party transactions have occurred."
"No other material related-party transactions have occurred."
- 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.
- 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.
Company website as listed in the Form C: https://xrossworld.ai
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