Bica Beauty Inc
View this filing on EDGAR (filing index, accession 0001942766-24-000001) | All Form C filings by this company on EDGAR
Filing details
| Company | Bica Beauty Inc | (Form C, issuer information) |
|---|---|---|
| State | NY | (Form C, issuer information) |
| Platform | OpenDeal Portal LLC | (Form C, issuer information) |
| Filing date | 2024-11-26 | (EDGAR filing index) |
| Date of incorporation | 2020-01-07 | (Form C, issuer information) |
| Employees | 3 | (Form C, issuer information) |
| Security offered | Other SAFE (Simple Agreement for Future Equity) | (Form C, offering information) |
| Price per security | $1 | (Form C, offering information) |
| Target amount | $50,000 | (Form C, offering information) |
| Maximum ask | $1,235,000 | (Form C, offering information) |
| Offering deadline | 2025-03-26 | (Form C, offering information) |
| Platform compensation | At the conclusion of the Offering, the Issuer shall pay the Intermediary a cash fee equal to 4% of the dollar amount raised in the Offering. Additionally, the Issuer shall pay to the Intermediary a non-refundable onboarding fee of $7,500.00. | (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 | $1,220,915 | $779,464 | (Form C, financial summary) |
| Cost of goods sold | $757,294 | $163,271 | (Form C, financial summary) |
| Net income | -$1,222,978 | -$559,662 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $57,429 | $1,053,798 | (Form C, financial summary) |
| Accounts receivable | $16,586 | $9,013 | (Form C, financial summary) |
| Total assets | $855,791 | $1,506,742 | (Form C, financial summary) |
| Short-term debt | $342,429 | $484,719 | (Form C, financial summary) |
| Long-term debt | $315,363 | $6,274 | (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: 0001942766-24-000001, 0001942766-25-000001.
"GOING CONCERN The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business."
"GOING CONCERN The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business."
- 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: 0001942766-24-000001, 0001942766-25-000001.
"Related Party Loans During the years presented, the Company borrowed money from the owners."
"Related Party Loans During the years presented, the Company borrowed money from the owners."
- 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.
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://becleverman.com
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