Stormalong Cider Inc.
View this filing on EDGAR (filing index, accession 0001665160-24-001547) | All Form C filings by this company on EDGAR
Filing details
| Company | Stormalong Cider Inc. | (Form C, issuer information) |
|---|---|---|
| State | MA | (Form C, issuer information) |
| Platform | StartEngine Primary, LLC | (Form C, issuer information) |
| Filing date | 2024-11-04 | (EDGAR filing index) |
| Date of incorporation | 2021-09-17 | (Form C, issuer information) |
| Employees | 1 | (Form C, issuer information) |
| Security offered | Other Series Seed-2 Preferred Stock | (Form C, offering information) |
| Price per security | $11 | (Form C, offering information) |
| Target amount | $123,986 | (Form C, offering information) |
| Maximum ask | $123,986 | (Form C, offering information) |
| Offering deadline | 2025-02-03 | (Form C, offering information) |
| Platform compensation | 7 - 13 percent | (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 | $3,072,683 | $2,774,604 | (Form C, financial summary) |
| Cost of goods sold | $2,006,287 | $1,954,100 | (Form C, financial summary) |
| Net income | -$293,253 | -$216,164 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $259,595 | $137,775 | (Form C, financial summary) |
| Accounts receivable | $367,439 | $216,643 | (Form C, financial summary) |
| Total assets | $2,614,837 | $2,511,613 | (Form C, financial summary) |
| Short-term debt | $1,385,369 | $793,670 | (Form C, financial summary) |
| Long-term debt | $157,497 | $266,284 | (Form C, financial summary) |
Mechanical checks that fired
- 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.
- 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.
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