Rad Technologies Inc.
View this filing on EDGAR (filing index, accession 0001493152-25-004172) | All Form C filings by this company on EDGAR
Filing details
| Company | Rad Technologies Inc. | (Form C, issuer information) |
|---|---|---|
| State | CA | (Form C, issuer information) |
| Platform | DEALMAKER SECURITIES LLC | (Form C, issuer information) |
| Filing date | 2025-01-29 | (EDGAR filing index) |
| Date of incorporation | 2018-07-06 | (Form C, issuer information) |
| Employees | 21 | (Form C, issuer information) |
| Security offered | Common Stock | (Form C, offering information) |
| Price per security | $1 | (Form C, offering information) |
| Target amount | $10,000 | (Form C, offering information) |
| Maximum ask | $994,186 | (Form C, offering information) |
| Offering deadline | 2025-04-30 | (Form C, offering information) |
| Platform compensation | DealMaker Securities LLC will receive cash compensation equal to 8.5% of the amount raised that is inclusive of all payment processing fees, transaction fees, and AML search fees, an advance $7,500 set-up fee, and $2,000/month for platform services. | (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 | $506,686 | $406,824 | (Form C, financial summary) |
| Cost of goods sold | $1,430,575 | $1,476,896 | (Form C, financial summary) |
| Net income | -$5,452,921 | -$5,008,330 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $354,783 | $203,240 | (Form C, financial summary) |
| Accounts receivable | $266,675 | $23,750 | (Form C, financial summary) |
| Total assets | $3,860,410 | $4,800,803 | (Form C, financial summary) |
| Short-term debt | $995,773 | $348,118 | (Form C, financial summary) |
| Long-term debt | $0 | $500,000 | (Form C, financial summary) |
Mechanical checks that fired
- Going-concern language. Going-concern 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 quoted sentence is below. Read the auditor or accountant notes in the filing for the full context. Found in: 0001493152-25-004172.
"GOING CONCERN The Company has evaluated whether there are certain conditions and events, considered in the aggregate, that raise a substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the consolidated financial statements are issued."
"GOING CONCERN The Company has evaluated whether there are certain conditions and events, considered in the aggregate, that raise a substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the consolidated financial statements are issued."
- 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: 0001493152-25-004172.
"Consolidated Balance Sheets December 31, 2023 ASSETS Current assets: Cash and cash equivalents Accounts receivable, net Prepaid expenses and other current assets Due from related parties Deposits Current assets of discontinued operations Total current assets Property and equipment, net Intangible assets, net Total assets $ $ LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable Accrued expenses and other current liabilities Deferred revenue Accrued interest Current portion, lon"
"bilities Net cash used in operating activities from continuing operations Net cash provided by (used in) operating activities from discontinued operations Net cash used in operating activities Cash flows from financing activities: Proceeds from convertible notes Repayments of loan payable Advances from (repayments to) related parties Issuance of common stock, net of offering costs Collection of subscription receivable Issuance of common stock for cash Net cash provided by financing activities from continuing operations Net cash provided (used in) by financing activities from discontinued opera"
- 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.
- Repeat Form C filer. This company filed 2 or more new Form C filings between 2024-10-21 to 2026-10-27 on EDGAR.
- 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.
Other Form C filings by this company in our data
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