FlyFin AI Inc.
View this filing on EDGAR (filing index, accession 0001665160-24-001567) | All Form C filings by this company on EDGAR
Filing details
| Company | FlyFin AI Inc. | (Form C, issuer information) |
|---|---|---|
| State | CA | (Form C, issuer information) |
| Platform | StartEngine Primary, LLC | (Form C, issuer information) |
| Filing date | 2024-11-07 | (EDGAR filing index) |
| Date of incorporation | 2020-01-23 | (Form C, issuer information) |
| Employees | 2 | (Form C, issuer information) |
| Security offered | Other Convertible Note | (Form C, offering information) |
| Price per security | not reported | (Form C, offering information) |
| Target amount | $124,000 | (Form C, offering information) |
| Maximum ask | $124,000 | (Form C, offering information) |
| Offering deadline | 2025-02-12 | (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 | $323,716 | $64,412 | (Form C, financial summary) |
| Cost of goods sold | $23,342 | $13,838 | (Form C, financial summary) |
| Net income | -$2,813,565 | -$2,668,979 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $1,053,080 | $3,228,430 | (Form C, financial summary) |
| Accounts receivable | $106,852 | $524,548 | (Form C, financial summary) |
| Total assets | $1,397,624 | $3,967,572 | (Form C, financial summary) |
| Short-term debt | $272,808 | $156,066 | (Form C, financial summary) |
| Long-term debt | $0 | $0 | (Form C, financial summary) |
Mechanical checks that fired
- 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.
- 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://flyfin.tax/
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