Sano Chemicals, Inc.
View this filing on EDGAR (filing index, accession 0001665160-25-000042) | All Form C filings by this company on EDGAR
Filing details
| Company | Sano Chemicals, Inc. | (Form C, issuer information) |
|---|---|---|
| State | TX | (Form C, issuer information) |
| Platform | StartEngine Primary, LLC | (Form C, issuer information) |
| Filing date | 2025-01-10 | (EDGAR filing index) |
| Date of incorporation | 2012-03-01 | (Form C, issuer information) |
| Employees | 9 | (Form C, issuer information) |
| Security offered | Common Stock | (Form C, offering information) |
| Price per security | $5 | (Form C, offering information) |
| Target amount | $123,999 | (Form C, offering information) |
| Maximum ask | $4,999,998 | (Form C, offering information) |
| Offering deadline | 2025-04-10 | (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 | $0 | $295,025 | (Form C, financial summary) |
| Cost of goods sold | $263,243 | $250,759 | (Form C, financial summary) |
| Net income | -$392,631 | -$56,975 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $560,124 | $465,618 | (Form C, financial summary) |
| Accounts receivable | $0 | $0 | (Form C, financial summary) |
| Total assets | $755,622 | $766,195 | (Form C, financial summary) |
| Short-term debt | $68,091 | $142,576 | (Form C, financial summary) |
| Long-term debt | $2,056 | $45,513 | (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: 0001665160-25-000609.
C/A 0002007816 XXXXXXXX 020-35386 LIVE false false false true Disclosed $743.5K in convertible notes and $190K in related party txns previously omitted from Form C; added FDA/QIDP disclaimers; updated Co-CEO time commitments, Min.
Quoted from a financial statement table, so it reads as columns rather than a sentence. Open the filing for the layout. - Net loss in both years. Net income is negative in both fiscal years reported in the Form C financial summary.
- No revenue. Revenue for the most recent fiscal year is $0 in the Form C financial summary.
- Maximum ask above 10x revenue. The maximum offering amount is more than 10 times the most recent fiscal year revenue (or revenue is $0), per the Form C.
- 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://sanochemicals.com
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