Sustainable Lumber, Inc.
View this filing on EDGAR (filing index, accession 0001665160-25-000595) | All Form C filings by this company on EDGAR
Filing details
| Company | Sustainable Lumber, Inc. | (Form C, issuer information) |
|---|---|---|
| State | MS | (Form C, issuer information) |
| Platform | StartEngine Primary, LLC | (Form C, issuer information) |
| Filing date | 2025-04-10 | (EDGAR filing index) |
| Date of incorporation | 2018-10-09 | (Form C, issuer information) |
| Employees | 10 | (Form C, issuer information) |
| Security offered | Other Class 1 Common Stock | (Form C, offering information) |
| Price per security | $2 | (Form C, offering information) |
| Target amount | $10,000 | (Form C, offering information) |
| Maximum ask | $4,999,999 | (Form C, offering information) |
| Offering deadline | 2025-04-30 | (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 | $19,062,315 | $11,878,362 | (Form C, financial summary) |
| Cost of goods sold | $19,729,712 | $14,530,798 | (Form C, financial summary) |
| Net income | -$11,423,751 | -$15,139,163 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $543,459 | $1,517,867 | (Form C, financial summary) |
| Accounts receivable | $1,571,872 | $859,449 | (Form C, financial summary) |
| Total assets | $45,903,023 | $52,360,386 | (Form C, financial summary) |
| Short-term debt | $9,067,445 | $11,207,306 | (Form C, financial summary) |
| Long-term debt | $3,251,698 | $12,661,677 | (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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