SeqOnce BioSciences, Inc.
View this filing on EDGAR (filing index, accession 0001655808-25-000001) | All Form C filings by this company on EDGAR
Filing details
| Company | SeqOnce BioSciences, Inc. | (Form C, issuer information) |
|---|---|---|
| State | CA | (Form C, issuer information) |
| Platform | OpenDeal Portal LLC | (Form C, issuer information) |
| Filing date | 2025-02-18 | (EDGAR filing index) |
| Date of incorporation | 2014-02-04 | (Form C, issuer information) |
| Employees | 11 | (Form C, issuer information) |
| Security offered | Other SAFE (Simple Agreement for Future Equity) | (Form C, offering information) |
| Price per security | $1 | (Form C, offering information) |
| Target amount | $50,000 | (Form C, offering information) |
| Maximum ask | $1,235,000 | (Form C, offering information) |
| Offering deadline | 2025-04-30 | (Form C, offering information) |
| Platform compensation | At the conclusion, Issuer shall pay the Intermediary the greater of: (A) (i) 0% of funds raised up to $100,000, and (ii) 6% of funds raised between $100,000.01 and $5,000,000; or (B) a $15,000 cash fee. Additionally, the Issuer paid a non-refundable $7500 | (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 | $2,585,633 | $16,656,372 | (Form C, financial summary) |
| Cost of goods sold | $207,519 | $11,095,933 | (Form C, financial summary) |
| Net income | -$2,337,090 | -$1,530,863 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $254,512 | $4,435,703 | (Form C, financial summary) |
| Accounts receivable | $329,358 | $259,793 | (Form C, financial summary) |
| Total assets | $2,688,956 | $7,068,829 | (Form C, financial summary) |
| Short-term debt | $1,496,972 | $3,008,600 | (Form C, financial summary) |
| Long-term debt | $0 | $0 | (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: 0001655808-25-000001.
"GOING CONCERN The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business."
"GOING CONCERN The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business."
- 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.
A check means "read this part of the filing closely." It is not a judgment about how the company will do.
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