Moto Nation Inc
View this filing on EDGAR (filing index, accession 0002004457-25-000001) | All Form C filings by this company on EDGAR
Filing details
| Company | Moto Nation Inc | (Form C, issuer information) |
|---|---|---|
| State | NY | (Form C, issuer information) |
| Platform | OpenDeal Portal LLC | (Form C, issuer information) |
| Filing date | 2025-01-15 | (EDGAR filing index) |
| Date of incorporation | 2023-09-14 | (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 | $50,000 | (Form C, offering information) |
| Maximum ask | $1,000,000 | (Form C, offering information) |
| Offering deadline | 2025-04-15 | (Form C, offering information) |
| Platform compensation | At the conclusion of the Offering, the Issuer shall pay the Intermediary the greater of (A) a fee of seven percent (7%) of the dollar amount raised in the Offering or (B) a cash fee of twelve thousand dollars ($12,000.00). | (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 | $694,115 | $746,181 | (Form C, financial summary) |
| Cost of goods sold | $437,347 | $412,702 | (Form C, financial summary) |
| Net income | -$291,837 | -$204,776 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $33,279 | $159,156 | (Form C, financial summary) |
| Accounts receivable | $82,769 | $79,177 | (Form C, financial summary) |
| Total assets | $125,697 | $255,645 | (Form C, financial summary) |
| Short-term debt | $94,389 | $37,119 | (Form C, financial summary) |
| Long-term debt | $754,837 | $667,719 | (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.
- 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.
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.motonation.us/
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