Faraday Labs Inc.
View this filing on EDGAR (filing index, accession 0001920988-26-000004) | All Form C filings by this company on EDGAR
Filing details
| Company | Faraday Labs Inc. | (Form C, issuer information) |
|---|---|---|
| State | CA | (Form C, issuer information) |
| Platform | Wefunder Portal LLC | (Form C, issuer information) |
| Filing date | 2026-10-28 | (EDGAR filing index) |
| Date of incorporation | 2018-07-17 | (Form C, issuer information) |
| Employees | 3 | (Form C, issuer information) |
| Security offered | Other Simple Agreement for Future Equity (SAFE) | (Form C, offering information) |
| Price per security | $1 | (Form C, offering information) |
| Target amount | $50,000 | (Form C, offering information) |
| Maximum ask | $615,660 | (Form C, offering information) |
| Offering deadline | 2027-04-30 | (Form C, offering information) |
| Platform compensation | <p>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.</p> | (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 | $5,022,759 | $3,898,646 | (Form C, financial summary) |
| Cost of goods sold | $1,570,206 | $1,451,085 | (Form C, financial summary) |
| Net income | $61,928 | -$367,099 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $1,700,722 | $1,458,632 | (Form C, financial summary) |
| Accounts receivable | $5,239 | $14,916 | (Form C, financial summary) |
| Total assets | $3,061,553 | $2,043,451 | (Form C, financial summary) |
| Short-term debt | $1,707,920 | $1,546,545 | (Form C, financial summary) |
| Long-term debt | $4,761,436 | $3,956,775 | (Form C, financial summary) |
Mechanical checks
Which of our checks fired on this filing, with the sentence from the filing quoted and linked, is part of concierge service, our weekly briefing. The checks themselves are described on the methodology page, and every figure above is from the filing. How the checks work.
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
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