The SMART Tire Company, Inc.
View this filing on EDGAR (filing index, accession 0001670254-25-000586) | All Form C filings by this company on EDGAR
Filing details
| Company | The SMART Tire Company, Inc. | (Form C, issuer information) |
|---|---|---|
| State | OH | (Form C, issuer information) |
| Platform | Wefunder Portal LLC | (Form C, issuer information) |
| Filing date | 2025-05-16 | (EDGAR filing index) |
| Date of incorporation | 2020-08-12 | (Form C, issuer information) |
| Employees | 5 | (Form C, issuer information) |
| Security offered | Preferred Stock | (Form C, offering information) |
| Price per security | $5 | (Form C, offering information) |
| Target amount | $50,004 | (Form C, offering information) |
| Maximum ask | $5,000,000 | (Form C, offering information) |
| Offering deadline | 2026-04-30 | (Form C, offering information) |
| Platform compensation | <p>7.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.</p> | (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 | $290,086 | $70,869 | (Form C, financial summary) |
| Cost of goods sold | $204,930 | $52,311 | (Form C, financial summary) |
| Net income | -$411,488 | -$827,879 | (Form C, financial summary) |
| Taxes paid | $83,707 | $96,897 | (Form C, financial summary) |
| Cash and equivalents | $51,870 | $268,754 | (Form C, financial summary) |
| Accounts receivable | $0 | $45,776 | (Form C, financial summary) |
| Total assets | $310,912 | $624,654 | (Form C, financial summary) |
| Short-term debt | $218,593 | $312,822 | (Form C, financial summary) |
| Long-term debt | $21,243 | $51,402 | (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.
- 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://smarttire.com
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