Palermo House Inc.
View this filing on EDGAR (filing index, accession 0001665160-24-001597) | All Form C filings by this company on EDGAR
Filing details
| Company | Palermo House Inc. | (Form C, issuer information) |
|---|---|---|
| State | FL | (Form C, issuer information) |
| Platform | StartEngine Primary, LLC | (Form C, issuer information) |
| Filing date | 2024-11-12 | (EDGAR filing index) |
| Date of incorporation | 2024-10-31 | (Form C, issuer information) |
| Employees | 2 | (Form C, issuer information) |
| Security offered | Other Non-Voting Common Stock | (Form C, offering information) |
| Price per security | $1 | (Form C, offering information) |
| Target amount | $124,000 | (Form C, offering information) |
| Maximum ask | $1,235,000 | (Form C, offering information) |
| Offering deadline | 2025-02-10 | (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 | $2,933,760 | $914,166 | (Form C, financial summary) |
| Cost of goods sold | $644,889 | $222,328 | (Form C, financial summary) |
| Net income | $93,819 | $104,624 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $268,016 | $63,637 | (Form C, financial summary) |
| Accounts receivable | $37,500 | $37,500 | (Form C, financial summary) |
| Total assets | $516,797 | $310,923 | (Form C, financial summary) |
| Short-term debt | $545,826 | $123,262 | (Form C, financial summary) |
| Long-term debt | $17,943 | $88,028 | (Form C, financial summary) |
Mechanical checks that fired
- Debt above assets. Short-term plus long-term debt is larger than total assets in the Form C financial summary.
- 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: https://palermo.house/
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