Sorting Robotics, Inc.
View this filing on EDGAR (filing index, accession 0001670254-24-001138) | All Form C filings by this company on EDGAR
Filing details
| Company | Sorting Robotics, Inc. | (Form C, issuer information) |
|---|---|---|
| State | CA | (Form C, issuer information) |
| Platform | Wefunder Portal LLC | (Form C, issuer information) |
| Filing date | 2024-11-29 | (EDGAR filing index) |
| Date of incorporation | 2018-12-28 | (Form C, issuer information) |
| Employees | 11 | (Form C, issuer information) |
| Security offered | Preferred Stock | (Form C, offering information) |
| Price per security | $6 | (Form C, offering information) |
| Target amount | $50,002 | (Form C, offering information) |
| Maximum ask | $1,233,066 | (Form C, offering information) |
| Offering deadline | 2025-04-30 | (Form C, offering information) |
| Platform compensation | 5.0% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering. | (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 | $6,391,101 | $3,811,030 | (Form C, financial summary) |
| Cost of goods sold | $876,388 | $1,286,797 | (Form C, financial summary) |
| Net income | $1,127,698 | $220,824 | (Form C, financial summary) |
| Taxes paid | $322,136 | $41,978 | (Form C, financial summary) |
| Cash and equivalents | $1,009,970 | $640,277 | (Form C, financial summary) |
| Accounts receivable | $3,750,332 | $1,571,006 | (Form C, financial summary) |
| Total assets | $6,261,430 | $4,352,624 | (Form C, financial summary) |
| Short-term debt | $888,724 | $345,790 | (Form C, financial summary) |
| Long-term debt | $5,053,916 | $4,829,029 | (Form C, financial summary) |
Mechanical checks that fired
None of the mechanical checks fired for this filing (source: our review of the Form C data).
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://www.sortingrobotics.com/
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