PIVOT ORIGINALS, INC.
View this filing on EDGAR (filing index, accession 0001665160-24-001677) | All Form C filings by this company on EDGAR
Filing details
| Company | PIVOT ORIGINALS, INC. | (Form C, issuer information) |
|---|---|---|
| State | GA | (Form C, issuer information) |
| Platform | StartEngine Primary, LLC | (Form C, issuer information) |
| Filing date | 2024-11-20 | (EDGAR filing index) |
| Date of incorporation | 2019-01-27 | (Form C, issuer information) |
| Employees | 3 | (Form C, issuer information) |
| Security offered | Other Class B Common Stock | (Form C, offering information) |
| Price per security | $1 | (Form C, offering information) |
| Target amount | $123,999 | (Form C, offering information) |
| Maximum ask | $1,234,998 | (Form C, offering information) |
| Offering deadline | 2025-02-19 | (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 | $374,284 | $583,822 | (Form C, financial summary) |
| Cost of goods sold | $232,127 | $343,944 | (Form C, financial summary) |
| Net income | -$95,905 | -$102,306 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $110,933 | $10,599 | (Form C, financial summary) |
| Accounts receivable | $0 | $1,654 | (Form C, financial summary) |
| Total assets | $1,086,877 | $939,338 | (Form C, financial summary) |
| Short-term debt | $241,315 | $181,108 | (Form C, financial summary) |
| Long-term debt | $1,196,389 | $1,000,000 | (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.
- 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://pivotoriginals.com/
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