Three of Strong Inc.
View this filing on EDGAR (filing index, accession 0001665160-24-001466) | All Form C filings by this company on EDGAR
Filing details
| Company | Three of Strong Inc. | (Form C, issuer information) |
|---|---|---|
| State | ME | (Form C, issuer information) |
| Platform | StartEngine Primary, LLC | (Form C, issuer information) |
| Filing date | 2024-10-24 | (EDGAR filing index) |
| Date of incorporation | 2018-04-16 | (Form C, issuer information) |
| Employees | 14 | (Form C, issuer information) |
| Security offered | Common Stock | (Form C, offering information) |
| Price per security | $0 | (Form C, offering information) |
| Target amount | $124,000 | (Form C, offering information) |
| Maximum ask | $124,000 | (Form C, offering information) |
| Offering deadline | 2025-01-22 | (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 | $562,354 | $413,635 | (Form C, financial summary) |
| Cost of goods sold | -$256,382 | -$182,544 | (Form C, financial summary) |
| Net income | -$735,848 | -$787,773 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $216,163 | $86,971 | (Form C, financial summary) |
| Accounts receivable | $16,401 | $9,899 | (Form C, financial summary) |
| Total assets | $1,810,439 | $1,643,432 | (Form C, financial summary) |
| Short-term debt | $99,959 | $819 | (Form C, financial summary) |
| Long-term debt | $708,517 | $48,718 | (Form C, financial summary) |
Mechanical checks that fired
- 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: 0001665160-24-001730.
"C/A 0002041067 XXXXXXXX 020-34962 LIVE false false false true Extended offering deadline, increased maximum to $1,234,999.69, updated subscription agreement, risk factors, perks, financial condition, related party transactions, and indebtedness; clarified valuation exclusions for SAFEs and stock grants."
- 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.
Company website as listed in the Form C: http://threeofstrongspirits.com
Want the weekly briefing? Subscribe free.