Finlete, Inc.
View this filing on EDGAR (filing index, accession 0001872856-26-000247) | All Form C filings by this company on EDGAR
Filing details
| Company | Finlete, Inc. | (Form C, issuer information) |
|---|---|---|
| State | CA | (Form C, issuer information) |
| Platform | DEALMAKER SECURITIES LLC | (Form C, issuer information) |
| Filing date | 2026-07-21 | (EDGAR filing index) |
| Date of incorporation | 2021-01-25 | (Form C, issuer information) |
| Employees | 2 | (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 | $25,000 | (Form C, offering information) |
| Maximum ask | $500,000 | (Form C, offering information) |
| Offering deadline | 2027-07-21 | (Form C, offering information) |
| Platform compensation | 8.5% commission, $1,000 activation 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 | $12,880 | $2,935 | (Form C, financial summary) |
| Cost of goods sold | $254,143 | $0 | (Form C, financial summary) |
| Net income | -$922,579 | -$497,314 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $15,499 | $39,985 | (Form C, financial summary) |
| Accounts receivable | $5,298 | $0 | (Form C, financial summary) |
| Total assets | $218,241 | $223,258 | (Form C, financial summary) |
| Short-term debt | $0 | $406,500 | (Form C, financial summary) |
| Long-term debt | $1,366,990 | $360,500 | (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: 0001872856-26-000247.
"NOTE 3: GOING CONCERN The Company has evaluated whether there are certain conditions and events, considered in the aggregate that 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 issued."
"NOTE 3: GOING CONCERN The Company has evaluated whether there are certain conditions and events, considered in the aggregate that 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 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: 0001872856-26-000247.
"RELATED PARTY TRANSACTIONS From time to time, the Company may engage in transactions with related persons."
"What it means to be a SAFE holder As an investor in a SAFE of the Company, you will not have any rights in regards to the corporate actions of the Company, including additional issuances of securities, Company repurchases of securities, a sale of the Company or its significant assets, or Company transactions with related parties, until such time as the SAFE converts into equity."
- 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.
- 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.
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