PLNT Burger by PLNT Management Inc.
View this filing on EDGAR (filing index, accession 0001665160-24-001758) | All Form C filings by this company on EDGAR
Filing details
| Company | PLNT Burger by PLNT Management Inc. | (Form C, issuer information) |
|---|---|---|
| State | MD | (Form C, issuer information) |
| Platform | StartEngine Primary, LLC | (Form C, issuer information) |
| Filing date | 2024-12-05 | (EDGAR filing index) |
| Date of incorporation | 2019-06-20 | (Form C, issuer information) |
| Employees | 76 | (Form C, issuer information) |
| Security offered | Other Non-Voting Common Stock | (Form C, offering information) |
| Price per security | $27 | (Form C, offering information) |
| Target amount | $123,978 | (Form C, offering information) |
| Maximum ask | $1,234,989 | (Form C, offering information) |
| Offering deadline | 2025-03-10 | (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 | $10,683,223 | $8,100,342 | (Form C, financial summary) |
| Cost of goods sold | $2,914,110 | $2,592,748 | (Form C, financial summary) |
| Net income | -$2,874,479 | -$3,213,428 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $105,840 | $279,703 | (Form C, financial summary) |
| Accounts receivable | $71,496 | $1,121,605 | (Form C, financial summary) |
| Total assets | $11,858,155 | $8,285,464 | (Form C, financial summary) |
| Short-term debt | $3,048,308 | $1,939,202 | (Form C, financial summary) |
| Long-term debt | $7,804,512 | $5,073,077 | (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.
- 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://plntburger.com
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