Lexington Biomedical, Inc.
View this filing on EDGAR (filing index, accession 0001665160-25-000423) | All Form C filings by this company on EDGAR
Filing details
| Company | Lexington Biomedical, Inc. | (Form C, issuer information) |
|---|---|---|
| State | MA | (Form C, issuer information) |
| Platform | StartEngine Primary, LLC | (Form C, issuer information) |
| Filing date | 2025-03-17 | (EDGAR filing index) |
| Date of incorporation | 2013-09-26 | (Form C, issuer information) |
| Employees | 2 | (Form C, issuer information) |
| Security offered | Other Series A Preferred Stock | (Form C, offering information) |
| Price per security | $1 | (Form C, offering information) |
| Target amount | $124,000 | (Form C, offering information) |
| Maximum ask | $1,234,996 | (Form C, offering information) |
| Offering deadline | 2025-04-30 | (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 | $0 | $0 | (Form C, financial summary) |
| Cost of goods sold | $304,063 | $280,165 | (Form C, financial summary) |
| Net income | -$304,063 | -$286,980 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $18,710 | $58,458 | (Form C, financial summary) |
| Accounts receivable | $0 | $0 | (Form C, financial summary) |
| Total assets | $57,189 | $126,518 | (Form C, financial summary) |
| Short-term debt | $386,794 | $298,985 | (Form C, financial summary) |
| Long-term debt | $1,148,180 | $1,000,361 | (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.
- No revenue. Revenue for the most recent fiscal year is $0 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.
- Maximum ask above 10x revenue. The maximum offering amount is more than 10 times the most recent fiscal year revenue (or revenue is $0), per the Form C.
- 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: http://biowearlife.com/
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