Shark Wheel, Inc.
View this filing on EDGAR (filing index, accession 0001709539-26-000002) | All Form C filings by this company on EDGAR
Filing details
| Company | Shark Wheel, Inc. | (Form C, issuer information) |
|---|---|---|
| State | CA | (Form C, issuer information) |
| Platform | PicMii Crowdfunding LLC | (Form C, issuer information) |
| Filing date | 2026-09-22 | (EDGAR filing index) |
| Date of incorporation | 2012-10-24 | (Form C, issuer information) |
| Employees | 2 | (Form C, issuer information) |
| Security offered | Other Convertible Note | (Form C, offering information) |
| Price per security | $1 | (Form C, offering information) |
| Target amount | $10,000 | (Form C, offering information) |
| Maximum ask | $4,300,000 | (Form C, offering information) |
| Offering deadline | 2027-02-28 | (Form C, offering information) |
| Platform compensation | Intermediary will receive cash compensation equal to 4.9% of the value of the securities sold, a $1,500 SPV setup fee, and $2,500 after the first disbursement. | (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 | $1,719,392 | $3,804,010 | (Form C, financial summary) |
| Cost of goods sold | $1,354,387 | $3,337,721 | (Form C, financial summary) |
| Net income | -$1,371,464 | -$1,290,947 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $546,580 | $198,326 | (Form C, financial summary) |
| Accounts receivable | $38,612 | $63,456 | (Form C, financial summary) |
| Total assets | $1,821,064 | $2,312,953 | (Form C, financial summary) |
| Short-term debt | $1,604,571 | $11,245 | (Form C, financial summary) |
| Long-term debt | $70,000 | $1,051,599 | (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: 0001709539-26-000002, 0001709539-26-000003.
"Significant estimates include the allowance for credit losses, inventory valuation and reserves, useful lives of property and equipment and intangible assets, impairment evaluations, collectability of disputed receivables, debt and financing classification, deferred tax valuation allowances, contingencies, and going concern matters."
"Significant estimates include the allowance for credit losses, inventory valuation and reserves, useful lives of property and equipment and intangible assets, impairment evaluations, collectability of disputed receivables, debt and financing classification, deferred tax valuation allowances, contingencies, and going concern matters."
- 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: 0001709539-26-000002, 0001709539-26-000003.
"Management has represented that all known related-party transactions, related-party balances, guarantees, commitments, and side agreements have been disclosed to the auditors and considered in the consolidated financial statements."
"Management has represented that all known related-party transactions, related-party balances, guarantees, commitments, and side agreements have been disclosed to the auditors and considered in the consolidated financial statements."
- 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.
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
Company website as listed in the Form C: https://sharkwheel.com/
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