LOCALEYES, INC.
View this filing on EDGAR (filing index, accession 0001665160-25-000148) | All Form C filings by this company on EDGAR
Filing details
| Company | LOCALEYES, INC. | (Form C, issuer information) |
|---|---|---|
| State | UT | (Form C, issuer information) |
| Platform | StartEngine Primary, LLC | (Form C, issuer information) |
| Filing date | 2025-01-28 | (EDGAR filing index) |
| Date of incorporation | 2023-03-24 | (Form C, issuer information) |
| Employees | 4 | (Form C, issuer information) |
| Security offered | Other Convertible Note | (Form C, offering information) |
| Price per security | not reported | (Form C, offering information) |
| Target amount | $124,000 | (Form C, offering information) |
| Maximum ask | $124,000 | (Form C, offering information) |
| Offering deadline | 2025-04-30 | (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 | $80,678 | $121,965 | (Form C, financial summary) |
| Cost of goods sold | $5,568 | $0 | (Form C, financial summary) |
| Net income | -$230,684 | -$163,971 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $20,276 | $98,507 | (Form C, financial summary) |
| Accounts receivable | $0 | $0 | (Form C, financial summary) |
| Total assets | $57,094 | $102,041 | (Form C, financial summary) |
| Short-term debt | $89,822 | $112,803 | (Form C, financial summary) |
| Long-term debt | $389,000 | $182,000 | (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: 0001665160-25-000464.
"C/A 0002053244 XXXXXXXX 020-35464 LIVE false false false true Disclosed omitted SAFE notes, debt, and related party txns, updated CPA reviewed financials, added Reg D raise and CEO risk factors, updated biz description, revised min max raise, use of proceeds."
- 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://www.talsey.com/
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