STOIK Innovations, LLC
View this filing on EDGAR (filing index, accession 0001821982-25-000025) | All Form C filings by this company on EDGAR
Filing details
| Company | STOIK Innovations, LLC | (Form C, issuer information) |
|---|---|---|
| State | IL | (Form C, issuer information) |
| Platform | Vicinity LLC | (Form C, issuer information) |
| Filing date | 2025-09-25 | (EDGAR filing index) |
| Date of incorporation | 2022-07-05 | (Form C, issuer information) |
| Employees | 2 | (Form C, issuer information) |
| Security offered | Other Convertible Note | (Form C, offering information) |
| Price per security | not reported | (Form C, offering information) |
| Target amount | $100,000 | (Form C, offering information) |
| Maximum ask | $500,000 | (Form C, offering information) |
| Offering deadline | 2025-11-14 | (Form C, offering information) |
| Platform compensation | Commission equaling 6% of the total amount raised payable at each closing. | (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 | $366,628 | $58,984 | (Form C, financial summary) |
| Cost of goods sold | $242,156 | $75,327 | (Form C, financial summary) |
| Net income | -$51,462 | -$80,297 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $2,034 | $13,028 | (Form C, financial summary) |
| Accounts receivable | $0 | $0 | (Form C, financial summary) |
| Total assets | $52,034 | $43,028 | (Form C, financial summary) |
| Short-term debt | $20,763 | $0 | (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: 0001821982-25-000025, 0001821982-25-000041.
"NOTE 8 - GOING CONCERN The accompanying balance sheet has been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business."
"NOTE 8 - GOING CONCERN The accompanying balance sheet has been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of 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: 0001821982-25-000025, 0001821982-25-000041.
"See Note 3 - Related Party Transactions for details of related party loan."
"See Note 3 - Related Party Transactions for details of related party loan."
- 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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