Hempitecture Inc
View this filing on EDGAR (filing index, accession 0001670254-25-000009) | All Form C filings by this company on EDGAR
Filing details
| Company | Hempitecture Inc | (Form C, issuer information) |
|---|---|---|
| State | ID | (Form C, issuer information) |
| Platform | Wefunder Portal LLC | (Form C, issuer information) |
| Filing date | 2025-01-15 | (EDGAR filing index) |
| Date of incorporation | 2018-09-24 | (Form C, issuer information) |
| Employees | 11 | (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 | $500,000 | (Form C, offering information) |
| Maximum ask | $5,000,000 | (Form C, offering information) |
| Offering deadline | 2025-04-30 | (Form C, offering information) |
| Platform compensation | 5.0% 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. | (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 | $1,123,368 | $811,083 | (Form C, financial summary) |
| Cost of goods sold | $1,388,297 | $813,279 | (Form C, financial summary) |
| Net income | -$1,023,948 | -$481,548 | (Form C, financial summary) |
| Taxes paid | $43,115 | $25,751 | (Form C, financial summary) |
| Cash and equivalents | $301,392 | $1,166,180 | (Form C, financial summary) |
| Accounts receivable | $29,402 | $16,182 | (Form C, financial summary) |
| Total assets | $5,855,332 | $6,556,237 | (Form C, financial summary) |
| Short-term debt | $287,336 | $209,005 | (Form C, financial summary) |
| Long-term debt | $2,103,636 | $2,233,925 | (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.
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.hempitecture.com
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