Faradyne Power Systems Corp.
View this filing on EDGAR (filing index, accession 0001999613-26-000008) | All Form C filings by this company on EDGAR
Filing details
| Company | Faradyne Power Systems Corp. | (Form C, issuer information) |
|---|---|---|
| State | FL | (Form C, issuer information) |
| Platform | StartEngine Primary, LLC | (Form C, issuer information) |
| Filing date | 2026-10-19 | (EDGAR filing index) |
| Date of incorporation | 2023-04-12 | (Form C, issuer information) |
| Employees | 7 | (Form C, issuer information) |
| Security offered | Other Class B Non-Voting Common Stock | (Form C, offering information) |
| Price per security | $7 | (Form C, offering information) |
| Target amount | $19,995 | (Form C, offering information) |
| Maximum ask | $1,234,999 | (Form C, offering information) |
| Offering deadline | 2027-01-18 | (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 | $0 | $0 | (Form C, financial summary) |
| Cost of goods sold | $0 | $0 | (Form C, financial summary) |
| Net income | -$181,427 | -$834,357 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $15,554 | $41,091 | (Form C, financial summary) |
| Accounts receivable | $0 | $0 | (Form C, financial summary) |
| Total assets | $3,482,851 | $3,263,546 | (Form C, financial summary) |
| Short-term debt | $248,920 | $113,265 | (Form C, financial summary) |
| Long-term debt | $338,150 | $237,650 | (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: 0001999613-26-000008.
"These conditions raise substantial doubt about the Company's ability to continue as a going concern within one year after the date the financial statements are issued."
- 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.
- 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.
- 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://www.faradynepower.com/
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