SAM Inc
View this filing on EDGAR (filing index, accession 0002045402-24-000001) | All Form C filings by this company on EDGAR
Filing details
| Company | SAM Inc | (Form C, issuer information) |
|---|---|---|
| State | CA | (Form C, issuer information) |
| Platform | SMBX, Inc. | (Form C, issuer information) |
| Filing date | 2024-11-21 | (EDGAR filing index) |
| Date of incorporation | 2006-01-04 | (Form C, issuer information) |
| Employees | 16 | (Form C, issuer information) |
| Security offered | Debt | (Form C, offering information) |
| Price per security | $10 | (Form C, offering information) |
| Target amount | $10,000 | (Form C, offering information) |
| Maximum ask | $124,000 | (Form C, offering information) |
| Offering deadline | 2025-01-07 | (Form C, offering information) |
| Platform compensation | SMBX will be charging a capital raise fee of 6.00% (up to $7,440 based on the total amount raised). Every month until the security is paid off, SMBX will also be charging a $50.00 payment processing fee to the Issuer. | (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 | $1,185,160 | $231,347 | (Form C, financial summary) |
| Cost of goods sold | $370,171 | $106,548 | (Form C, financial summary) |
| Net income | -$211,185 | -$580,114 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $840 | $913,239 | (Form C, financial summary) |
| Accounts receivable | $0 | $0 | (Form C, financial summary) |
| Total assets | $986,859 | $1,258,538 | (Form C, financial summary) |
| Short-term debt | $88,278 | $49,651 | (Form C, financial summary) |
| Long-term debt | $1,369,451 | $1,388,688 | (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: 0002045402-24-000001.
"Related Party Transactions See Ownership and Capital Structure section."
"Compute the amount of a related party’s interest in any transaction without regard to the amount of the profit or loss involved in the transaction."
- 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://samssf.com/
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