The M Jewelers Inc
View this filing on EDGAR (filing index, accession 0001665160-24-001478) | All Form C filings by this company on EDGAR
Filing details
| Company | The M Jewelers Inc | (Form C, issuer information) |
|---|---|---|
| State | NY | (Form C, issuer information) |
| Platform | StartEngine Primary, LLC | (Form C, issuer information) |
| Filing date | 2024-10-28 | (EDGAR filing index) |
| Date of incorporation | 2013-11-27 | (Form C, issuer information) |
| Employees | 10 | (Form C, issuer information) |
| Security offered | Common Stock | (Form C, offering information) |
| Price per security | $1 | (Form C, offering information) |
| Target amount | $124,000 | (Form C, offering information) |
| Maximum ask | $1,235,000 | (Form C, offering information) |
| Offering deadline | 2025-01-27 | (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 | $6,946,536 | $8,505,114 | (Form C, financial summary) |
| Cost of goods sold | $2,301,063 | $2,768,454 | (Form C, financial summary) |
| Net income | -$2,073,313 | -$2,249,580 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $208 | $254,635 | (Form C, financial summary) |
| Accounts receivable | $70,691 | $62,384 | (Form C, financial summary) |
| Total assets | $2,163,779 | $3,226,223 | (Form C, financial summary) |
| Short-term debt | $6,057,754 | $4,619,846 | (Form C, financial summary) |
| Long-term debt | $814,055 | $1,333,249 | (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.
- Debt above assets. Short-term plus long-term debt is larger than total assets 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.
Company website as listed in the Form C: https://themjewelersny.com/
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