Sparrow Vision, Inc.
View this filing on EDGAR (filing index, accession 0001872856-26-000069) | All Form C filings by this company on EDGAR
Filing details
| Company | Sparrow Vision, Inc. | (Form C, issuer information) |
|---|---|---|
| State | NY | (Form C, issuer information) |
| Platform | DEALMAKER SECURITIES LLC | (Form C, issuer information) |
| Filing date | 2026-03-12 | (EDGAR filing index) |
| Date of incorporation | 2018-05-10 | (Form C, issuer information) |
| Employees | 12 | (Form C, issuer information) |
| Security offered | Other Series Seed-1 Preferred Stock | (Form C, offering information) |
| Price per security | $0 | (Form C, offering information) |
| Target amount | $50,000 | (Form C, offering information) |
| Maximum ask | $5,000,000 | (Form C, offering information) |
| Offering deadline | 2027-03-31 | (Form C, offering information) |
| Platform compensation | The Issuer will pay DealMaker Securities LLC a fee of 8.5% cash commission based on the dollar amount of the Securities sold in the Offering. There is also a $20,000 advance setup fee and $2,000 monthly fee to DealMaker Securities LLC and/or its affiliates | (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 | $453,333 | $325,898 | (Form C, financial summary) |
| Cost of goods sold | -$42,198 | -$11,214 | (Form C, financial summary) |
| Net income | -$2,220,218 | -$1,577,814 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $1,720,750 | $2,653,496 | (Form C, financial summary) |
| Accounts receivable | $0 | $0 | (Form C, financial summary) |
| Total assets | $1,799,875 | $2,697,274 | (Form C, financial summary) |
| Short-term debt | $118,317 | $86,856 | (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: 0001872856-26-000069.
"Note 3 - Liquidity and Going Concern Considerations The Company’s financial statements have been prepared on the basis of the going concern assumption, which assumes that the Company will continue to operate for the foreseeable future and will realize its assets and discharge its liabilities in the normal course of business."
"Note 3 - Liquidity and Going Concern Considerations The Company’s financial statements have been prepared on the basis of the going concern assumption, which assumes that the Company will continue to operate for the foreseeable future and will realize its assets and discharge its liabilities in the normal course of business."
- 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: 0001872856-26-000069.
"Moreover, those with voting rights could use their voting influence to maintain the Company’s existing management, delay or prevent changes in control of the Company, issue additional securities which may dilute you, repurchase securities of the Company, enter into transactions with related parties or support or reject other management and board proposals."
"The Company may engage in transactions with affiliates, subsidiaries or other related parties, which may be on terms which are not arm’s-length, but will be in all cases consistent with the duties of the management of the Company to its shareholders."
- 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.
- 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: http://www.sparrowup.com
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