GolfSuites 1, Inc.
View this filing on EDGAR (filing index, accession 0001765347-26-000003) | All Form C filings by this company on EDGAR
Filing details
| Company | GolfSuites 1, Inc. | (Form C, issuer information) |
|---|---|---|
| State | FL | (Form C, issuer information) |
| Platform | PicMii Crowdfunding LLC | (Form C, issuer information) |
| Filing date | 2026-10-14 | (EDGAR filing index) |
| Date of incorporation | 2018-10-24 | (Form C, issuer information) |
| Employees | 50 | (Form C, issuer information) |
| Security offered | Other Class A Common Stock | (Form C, offering information) |
| Price per security | $5 | (Form C, offering information) |
| Target amount | $10,000 | (Form C, offering information) |
| Maximum ask | $5,000,000 | (Form C, offering information) |
| Offering deadline | 2027-02-28 | (Form C, offering information) |
| Platform compensation | Intermediary will receive cash compensation equal to 4.9% of the value of the securities sold through Regulation CF and a $5,000 listing 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 | $3,355,509 | $4,771,396 | (Form C, financial summary) |
| Cost of goods sold | $574,745 | $714,070 | (Form C, financial summary) |
| Net income | -$4,110,265 | -$280,501 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $22,600 | $371,986 | (Form C, financial summary) |
| Accounts receivable | $280,525 | $271,434 | (Form C, financial summary) |
| Total assets | $3,220,516 | $23,714,301 | (Form C, financial summary) |
| Short-term debt | $171,722 | $6,643,998 | (Form C, financial summary) |
| Long-term debt | $2,537,338 | $224,184 | (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: 0001765347-26-000003.
"NOTE 10 GOING CONCERN These financial statements are prepared on a going concern basis."
"NOTE 10 GOING CONCERN These financial statements are prepared on a going concern basis."
- 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: 0001765347-26-000003.
"NOTE 8 RELATED PARTY TRANSACTIONS The Company has received working capital from its parent entity to cover expenses and costs while preparing for the securities offering."
"The Company also reported approximately $2.41 million in related-party loans, highlighting its reliance on financial support from its parent company and affiliated shareholders."
- 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://golfsuites.com/
Want the weekly briefing? Subscribe free.