Motorshield Inc.
View this filing on EDGAR (filing index, accession 0001099910-24-000357) | All Form C filings by this company on EDGAR
Filing details
| Company | Motorshield Inc. | (Form C, issuer information) |
|---|---|---|
| State | TX | (Form C, issuer information) |
| Platform | Silicon Prairie Online LLC | (Form C, issuer information) |
| Filing date | 2024-10-25 | (EDGAR filing index) |
| Date of incorporation | 2021-12-28 | (Form C, issuer information) |
| Employees | 8 | (Form C, issuer information) |
| Security offered | Common Stock | (Form C, offering information) |
| Price per security | $1 | (Form C, offering information) |
| Target amount | $1,235,000 | (Form C, offering information) |
| Maximum ask | $5,000,000 | (Form C, offering information) |
| Offering deadline | 2025-03-31 | (Form C, offering information) |
| Platform compensation | 5% Cash on First 1M, 4% on Second, 3% up to 10M, then 1% thereafter | (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 | $1,483,035 | $1,275,170 | (Form C, financial summary) |
| Cost of goods sold | $655,654 | $522,277 | (Form C, financial summary) |
| Net income | $15,309 | -$189,985 | (Form C, financial summary) |
| Taxes paid | $2,778 | $0 | (Form C, financial summary) |
| Cash and equivalents | $124,124 | $276,986 | (Form C, financial summary) |
| Accounts receivable | $16,984 | $15,640 | (Form C, financial summary) |
| Total assets | $0 | $0 | (Form C, financial summary) |
| Short-term debt | $2,143 | $23,296 | (Form C, financial summary) |
| Long-term debt | $975,327 | $905,230 | (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: 0001099910-24-000357, 0001099910-24-000360.
"RELATED PARTY TRANSACTIONS The Company has related party transactions with affiliate companies: Naneon, Inc., SnapGuard Solutions, Inc., NanoflowX, Inc., and Nexo Electronics, Inc."
"RELATED PARTY TRANSACTIONS The Company has related party transactions with affiliate companies: Naneon, Inc., SnapGuard Solutions, Inc., NanoflowX, Inc., and Nexo Electronics, Inc."
- 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.motoshieldpro.com/
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