Virtuix Holdings Inc.
View this filing on EDGAR (filing index, accession 0001665160-24-001581) | All Form C filings by this company on EDGAR
Filing details
| Company | Virtuix Holdings Inc. | (Form C, issuer information) |
|---|---|---|
| State | TX | (Form C, issuer information) |
| Platform | StartEngine Primary, LLC | (Form C, issuer information) |
| Filing date | 2024-11-12 | (EDGAR filing index) |
| Date of incorporation | 2013-12-20 | (Form C, issuer information) |
| Employees | 54 | (Form C, issuer information) |
| Security offered | Other Series B Preferred Stock | (Form C, offering information) |
| Price per security | $6 | (Form C, offering information) |
| Target amount | $14,996 | (Form C, offering information) |
| Maximum ask | $617,994 | (Form C, offering information) |
| Offering deadline | 2024-12-12 | (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 | $2,408,920 | $4,219,634 | (Form C, financial summary) |
| Cost of goods sold | $1,856,045 | $3,194,852 | (Form C, financial summary) |
| Net income | -$8,105,856 | -$5,482,829 | (Form C, financial summary) |
| Taxes paid | $62,391 | $49,770 | (Form C, financial summary) |
| Cash and equivalents | $270,029 | $2,269,245 | (Form C, financial summary) |
| Accounts receivable | $132,585 | $97,847 | (Form C, financial summary) |
| Total assets | $4,303,222 | $5,365,533 | (Form C, financial summary) |
| Short-term debt | $3,928,998 | $3,489,652 | (Form C, financial summary) |
| Long-term debt | $320,941 | $645,051 | (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.
- 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://virtuix.com/
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