Legion M Entertainment, Inc.
View this filing on EDGAR (filing index, accession 0001644600-25-000009) | All Form C filings by this company on EDGAR
Filing details
| Company | Legion M Entertainment, Inc. | (Form C, issuer information) |
|---|---|---|
| State | CA | (Form C, issuer information) |
| Platform | DEALMAKER SECURITIES LLC | (Form C, issuer information) |
| Filing date | 2025-02-27 | (EDGAR filing index) |
| Date of incorporation | 2016-03-04 | (Form C, issuer information) |
| Employees | 10 | (Form C, issuer information) |
| Security offered | Common Stock | (Form C, offering information) |
| Price per security | $2 | (Form C, offering information) |
| Target amount | $25,000 | (Form C, offering information) |
| Maximum ask | $3,750,000 | (Form C, offering information) |
| Offering deadline | 2025-04-30 | (Form C, offering information) |
| Platform compensation | At the offerings conclusion, the issuer shall pay a 8.5% fee on the amount raised to the Intermediary, inclusive of all processing fees. The Intermediary and its affiliates will also receive a $23,000 set up fee and $12,000/month while the offering is open | (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 | $816,510 | $650,044 | (Form C, financial summary) |
| Cost of goods sold | $622,137 | $591,918 | (Form C, financial summary) |
| Net income | -$2,813,295 | -$2,827,478 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $367,610 | $390,778 | (Form C, financial summary) |
| Accounts receivable | $101,690 | $87,913 | (Form C, financial summary) |
| Total assets | $839,709 | $341,050 | (Form C, financial summary) |
| Short-term debt | $374,933 | $572,257 | (Form C, financial summary) |
| Long-term debt | $149,900 | $149,900 | (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: 0001644600-25-000009, 0001644600-25-000011, 0001644600-25-000016, 0001644600-25-000032.
"Our auditor has issued a “going concern” opinion."
"Our auditor has issued a “going concern” opinion."
- 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: 0001644600-25-000009, 0001644600-25-000011, 0001644600-25-000016, 0001644600-25-000032.
"This could lead to unintentional subjectivity in matters of corporate governance, especially in matters of compensation and related party transactions."
"This could lead to unintentional subjectivity in matters of corporate governance, especially in matters of compensation and related party transactions."
- 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.
- Repeat Form C filer. This company filed 2 or more new Form C filings between 2024-10-21 to 2026-10-27 on EDGAR.
- 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.
Other Form C filings by this company in our data
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