Synergy Resources LLC
View this filing on EDGAR (filing index, accession 0001669191-25-000537) | All Form C filings by this company on EDGAR
Filing details
| Company | Synergy Resources LLC | (Form C, issuer information) |
|---|---|---|
| State | NJ | (Form C, issuer information) |
| Platform | NetCapital Funding Portal Inc. | (Form C, issuer information) |
| Filing date | 2025-11-24 | (EDGAR filing index) |
| Date of incorporation | 2017-07-27 | (Form C, issuer information) |
| Employees | 15 | (Form C, issuer information) |
| Security offered | Common Stock | (Form C, offering information) |
| Price per security | $0 | (Form C, offering information) |
| Target amount | $10,000 | (Form C, offering information) |
| Maximum ask | $1,100,000 | (Form C, offering information) |
| Offering deadline | 2026-02-20 | (Form C, offering information) |
| Platform compensation | Up to 4.9% of amount raised for a successful offering and a listing fee of up to $10,000 | (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 | $12,530 | $3,690 | (Form C, financial summary) |
| Cost of goods sold | $0 | $0 | (Form C, financial summary) |
| Net income | -$67,369 | -$5,173 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $15 | $56 | (Form C, financial summary) |
| Accounts receivable | $0 | $0 | (Form C, financial summary) |
| Total assets | $908,248 | $915,949 | (Form C, financial summary) |
| Short-term debt | $0 | $0 | (Form C, financial summary) |
| Long-term debt | $618,444 | $623,700 | (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: 0001669191-25-000537, 0001669191-26-000033, 0001669191-26-000102, 0001669191-26-000154, 0001669191-26-000246.
"nying financial statements have been prepared assuming that the Company will continue as a going concern."
"nying financial statements have been prepared assuming that the Company will continue as a going concern."
- 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: 0001669191-25-000537, 0001669191-26-000033, 0001669191-26-000102, 0001669191-26-000154, 0001669191-26-000246.
"The Company generated approximately $52,000 in related party rental income, which was used primarily to cover mortgage payments over the last 11 months."
"The Company generated approximately $52,000 in related party rental income, which was used primarily to cover mortgage payments over the last 11 months."
- 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.
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://synergyresourcesgrp.com/
Want the weekly briefing? Subscribe free.