Solgaard Design Inc.
View this filing on EDGAR (filing index, accession 0001825460-26-000002) | All Form C filings by this company on EDGAR
Filing details
| Company | Solgaard Design Inc. | (Form C, issuer information) |
|---|---|---|
| State | NY | (Form C, issuer information) |
| Platform | DEALMAKER SECURITIES LLC | (Form C, issuer information) |
| Filing date | 2026-04-09 | (EDGAR filing index) |
| Date of incorporation | 2019-08-16 | (Form C, issuer information) |
| Employees | 11 | (Form C, issuer information) |
| Security offered | Common Stock | (Form C, offering information) |
| Price per security | $1 | (Form C, offering information) |
| Target amount | $100,000 | (Form C, offering information) |
| Maximum ask | $4,390,704 | (Form C, offering information) |
| Offering deadline | 2026-04-30 | (Form C, offering information) |
| Platform compensation | DealMaker Securities LLC will receive an 8.5% cash commission based on the dollar amount of the securities sold plus a $2,000 monthly fee 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 | $45,974,890 | $55,879,805 | (Form C, financial summary) |
| Cost of goods sold | $20,275,308 | $27,114,864 | (Form C, financial summary) |
| Net income | -$292,089 | $204,616 | (Form C, financial summary) |
| Taxes paid | $28,527 | $703,172 | (Form C, financial summary) |
| Cash and equivalents | $3,821,241 | $2,194,020 | (Form C, financial summary) |
| Accounts receivable | $516,653 | $331,147 | (Form C, financial summary) |
| Total assets | $14,333,508 | $17,384,342 | (Form C, financial summary) |
| Short-term debt | $15,537,177 | $18,351,669 | (Form C, financial summary) |
| Long-term debt | $413,562 | $530,613 | (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: 0001825460-26-000002.
"The Company has identified conditions that raise substantial doubt about its ability to continue as a going concern, as disclosed in the audited financial statements."
"Going Concern 56 As of December 31, 2024, the Company had an accumulated deficit and negative stockholders' equity."
- 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: 0001825460-26-000002.
"minority shareholder As a minority holder of Class B Common Stock of the Company, you will have limited rights in regard to the corporate actions of the Company, including additional issuance of securities, Company repurchases of securities, a sale of the Company or its significant assets, or Company transactions with related parties."
"The terms of the SAFE notes are outlined above in the section titled “SAFE Notes.” Related Party Transactions As of December 31, 2024 and 2023, the Company had a payable to Adrian Solgaard, the founder and CEO of the Company, of $10,000 and $0, respectively, related to non-interestbearing advances provided to the Company."
- Debt above assets. Short-term plus long-term debt is larger than total assets 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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