Qnetic Corp
View this filing on EDGAR (filing index, accession 0001872856-26-000046) | All Form C filings by this company on EDGAR
Filing details
| Company | Qnetic Corp | (Form C, issuer information) |
|---|---|---|
| State | NY | (Form C, issuer information) |
| Platform | DEALMAKER SECURITIES LLC | (Form C, issuer information) |
| Filing date | 2026-02-10 | (EDGAR filing index) |
| Date of incorporation | 2022-09-20 | (Form C, issuer information) |
| Employees | 14 | (Form C, issuer information) |
| Security offered | Other Series CF Preferred Stock | (Form C, offering information) |
| Price per security | $2 | (Form C, offering information) |
| Target amount | $10,000 | (Form C, offering information) |
| Maximum ask | $2,994,053 | (Form C, offering information) |
| Offering deadline | 2026-04-30 | (Form C, offering information) |
| Platform compensation | The Company will pay DealMaker Securities LLC a fee of 8.5% cash commission based on the dollar amount of the Securities sold in the Offering. There is also a $37,500 advance setup and $12,000 monthly fee for the use of the platform and marketing services. | (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 | $0 | $0 | (Form C, financial summary) |
| Net income | -$1,245,385 | -$814,793 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $204,469 | $1,254,185 | (Form C, financial summary) |
| Accounts receivable | $0 | $0 | (Form C, financial summary) |
| Total assets | $250,179 | $1,355,556 | (Form C, financial summary) |
| Short-term debt | $108,824 | $128,720 | (Form C, financial summary) |
| Long-term debt | $109,500 | $137,926 | (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: 0001872856-26-000046, 0001872856-26-000145, 0001872856-26-000250, 0001872856-26-000326, 0001872856-26-000344, 0001872856-26-000352.
"NOTE 8 - GOING CONCERN AND MANAGEMENT PLANS The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business."
"NOTE 8 - GOING CONCERN AND MANAGEMENT PLANS The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business."
- 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.
- 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://www.qnetic.energy
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