Whooshh Innovations, Inc.
View this filing on EDGAR (filing index, accession 0001813227-26-000002) | All Form C filings by this company on EDGAR
Filing details
| Company | Whooshh Innovations, Inc. | (Form C, issuer information) |
|---|---|---|
| State | WA | (Form C, issuer information) |
| Platform | PicMii Crowdfunding LLC | (Form C, issuer information) |
| Filing date | 2026-03-10 | (EDGAR filing index) |
| Date of incorporation | 2007-12-22 | (Form C, issuer information) |
| Employees | 13 | (Form C, issuer information) |
| Security offered | Common Stock | (Form C, offering information) |
| Price per security | $2 | (Form C, offering information) |
| Target amount | $10,000 | (Form C, offering information) |
| Maximum ask | $1,235,000 | (Form C, offering information) |
| Offering deadline | 2026-04-30 | (Form C, offering information) |
| Platform compensation | The intermediary will receive cash compensation equal to 4.9% of the value of the securities sold from $0-$500k, 4.25% of the value of the securities sold from $500k+ through Regulation CF, and a $2,000 listing fee. | (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 | $733,981 | $487,609 | (Form C, financial summary) |
| Cost of goods sold | $65,676 | $282,419 | (Form C, financial summary) |
| Net income | -$2,652,625 | -$2,682,235 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $193,154 | $4,375 | (Form C, financial summary) |
| Accounts receivable | $6,078 | $33,708 | (Form C, financial summary) |
| Total assets | $1,362,479 | $953,132 | (Form C, financial summary) |
| Short-term debt | $6,322,219 | $5,428,260 | (Form C, financial summary) |
| Long-term debt | $3,731,010 | $2,326,595 | (Form C, financial summary) |
Mechanical checks that fired
- Going-concern language. Going-concern 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 quoted sentence is below. Read the auditor or accountant notes in the filing for the full context. Found in: 0001813227-26-000002, 0001813227-26-000004.
"....................................... 24 NOTE 11 - INCOMETAX........................................................................................................................... 24 Valuation Allowance and Risks and Uncertainties ..................................................................... 25 NOTE 12 - GOING CONCERN................................................................................................................ 26 NOTE 13 - SUBSEQUENTEVENTS........................................................................................................ 27 Management's Eval"
"Substantial Doubt About the Company's Ability to Continue as a Going Concern The accompanying financial statements have been prepared assuming that the Company will continue as a going concern."
- 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: 0001813227-26-000002, 0001813227-26-000004.
"The Issuer has funded its operations through a mix of common stock issuances, SAFE or similar equity-linked instruments, government and foundation loans, related-party loans, and bank financing."
"The Company intends to secure terms from third party debt and/or equity financing to retire related and unrelated party debt in due course as the Company builds value and improved terms in the marketplace become commercially feasible."
- 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://www.whooshh.com/
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