TibaRay, Inc.
View this filing on EDGAR (filing index, accession 0002064856-26-000001) | All Form C filings by this company on EDGAR
Filing details
| Company | TibaRay, Inc. | (Form C, issuer information) |
|---|---|---|
| State | CA | (Form C, issuer information) |
| Platform | Wefunder Portal LLC | (Form C, issuer information) |
| Filing date | 2026-03-04 | (EDGAR filing index) |
| Date of incorporation | 2014-12-02 | (Form C, issuer information) |
| Employees | 12 | (Form C, issuer information) |
| Security offered | Preferred Stock | (Form C, offering information) |
| Price per security | $5 | (Form C, offering information) |
| Target amount | $50,000 | (Form C, offering information) |
| Maximum ask | $5,000,000 | (Form C, offering information) |
| Offering deadline | 2026-04-30 | (Form C, offering information) |
| Platform compensation | 6.9% 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. | (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 | $1,238,112 | $2,560,323 | (Form C, financial summary) |
| Cost of goods sold | $1,610,749 | $2,820,050 | (Form C, financial summary) |
| Net income | -$4,554,641 | -$3,593,273 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $680,260 | $938,451 | (Form C, financial summary) |
| Accounts receivable | $0 | $300,662 | (Form C, financial summary) |
| Total assets | $5,144,373 | $6,392,491 | (Form C, financial summary) |
| Short-term debt | $3,692,947 | $8,057,371 | (Form C, financial summary) |
| Long-term debt | $13,052,683 | $5,399,455 | (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.
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://tibaray.com/
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