Legally Addictive Foods, Inc.
View this filing on EDGAR (filing index, accession 0001821982-26-000029) | All Form C filings by this company on EDGAR
Filing details
| Company | Legally Addictive Foods, Inc. | (Form C, issuer information) |
|---|---|---|
| State | NC | (Form C, issuer information) |
| Platform | Vicinity LLC | (Form C, issuer information) |
| Filing date | 2026-09-02 | (EDGAR filing index) |
| Date of incorporation | 2026-01-14 | (Form C, issuer information) |
| Employees | 23 | (Form C, issuer information) |
| Security offered | Other Convertible Promissory Notes | (Form C, offering information) |
| Price per security | $1 | (Form C, offering information) |
| Target amount | $100,000 | (Form C, offering information) |
| Maximum ask | $1,000,000 | (Form C, offering information) |
| Offering deadline | 2026-09-29 | (Form C, offering information) |
| Platform compensation | A commission equal to 6% of the total amount raised, payable at each closing | (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 | $1,366,989 | $1,246,138 | (Form C, financial summary) |
| Cost of goods sold | $525,125 | $512,739 | (Form C, financial summary) |
| Net income | -$207,403 | -$87,112 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $36,828 | $68,239 | (Form C, financial summary) |
| Accounts receivable | $71,757 | $52,474 | (Form C, financial summary) |
| Total assets | $640,248 | $678,633 | (Form C, financial summary) |
| Short-term debt | $323,057 | $64,283 | (Form C, financial summary) |
| Long-term debt | $748,035 | $728,668 | (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: 0001821982-26-000029, 0001821982-26-000033, 0001821982-26-000034.
"The Company Has a History of Losses and Its Accountant Has Raised Going Concern Doubt."
"The Company Has a History of Losses and Its Accountant Has Raised Going Concern Doubt."
- 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: 0001821982-26-000029, 0001821982-26-000033, 0001821982-26-000034.
"The Company's founders are also its sole officers and directors, and are counterparties to related-party loans and personal guarantees of Company debt."
"The Company's founders are also its sole officers and directors, and are counterparties to related-party loans and personal guarantees of Company debt."
- 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.
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://legallyaddictivefoods.com
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