Avadain, Inc.
View this filing on EDGAR (filing index, accession 0001669191-25-000175) | All Form C filings by this company on EDGAR
Filing details
| Company | Avadain, Inc. | (Form C, issuer information) |
|---|---|---|
| State | TN | (Form C, issuer information) |
| Platform | NetCapital Funding Portal Inc. | (Form C, issuer information) |
| Filing date | 2025-03-24 | (EDGAR filing index) |
| Date of incorporation | 2021-09-15 | (Form C, issuer information) |
| Employees | 4 | (Form C, issuer information) |
| Security offered | Common Stock | (Form C, offering information) |
| Price per security | $8 | (Form C, offering information) |
| Target amount | $10,005 | (Form C, offering information) |
| Maximum ask | $2,499,998 | (Form C, offering information) |
| Offering deadline | 2025-05-30 | (Form C, offering information) |
| Platform compensation | Up to 4.9% of amount raised for a successful offering and a listing fee of up to $10,000 | (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 | $0 | $0 | (Form C, financial summary) |
| Cost of goods sold | $0 | $0 | (Form C, financial summary) |
| Net income | -$1,554,901 | -$1,828,935 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $3,338,420 | $4,106,921 | (Form C, financial summary) |
| Accounts receivable | $0 | $0 | (Form C, financial summary) |
| Total assets | $5,537,181 | $4,981,579 | (Form C, financial summary) |
| Short-term debt | $0 | $0 | (Form C, financial summary) |
| Long-term debt | $0 | $0 | (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: 0001669191-25-000175, 0001669191-25-000177, 0001669191-25-000207, 0001669191-25-000245, 0001669191-25-000247.
"These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the consolidated financial statements are available to be issued."
"These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the consolidated financial statements are available to be issued."
- 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: 0001669191-25-000175, 0001669191-25-000177, 0001669191-25-000207, 0001669191-25-000245, 0001669191-25-000247.
"By acquiring an interest in the Company, Netcapital investors are deemed to acknowledge the existence of any actual or potential related party transactions and irrevocably waive any claim with respect to any liability arising from terms that are materially adverse to their interests with respect to dilution of book value, dividend preferences, liquidation preferences, or other terms."
"By acquiring an interest in the Company, Netcapital investors are deemed to acknowledge the existence of any actual or potential related party transactions and irrevocably waive any claim with respect to any liability arising from terms that are materially adverse to their interests with respect to dilution of book value, dividend preferences, liquidation preferences, or other terms."
- Net loss in both years. Net income is negative in both fiscal years reported in the Form C financial summary.
- No revenue. Revenue for the most recent fiscal year is $0 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.
- Repeat Form C filer. This company filed 2 or more new Form C filings between 2024-10-21 to 2026-10-27 on EDGAR.
A check means "read this part of the filing closely." It is not a judgment about how the company will do.
Other Form C filings by this company in our data
Company website as listed in the Form C: https://www.avadaingraphene.com
Want the weekly briefing? Subscribe free.