Simplify Genomics, Inc.
View this filing on EDGAR (filing index, accession 0001670254-24-001074) | All Form C filings by this company on EDGAR
Filing details
| Company | Simplify Genomics, Inc. | (Form C, issuer information) |
|---|---|---|
| State | CA | (Form C, issuer information) |
| Platform | Wefunder Portal LLC | (Form C, issuer information) |
| Filing date | 2024-11-07 | (EDGAR filing index) |
| Date of incorporation | 2021-02-18 | (Form C, issuer information) |
| Employees | 4 | (Form C, issuer information) |
| Security offered | Other Simple Agreement for Future Equity (SAFE) | (Form C, offering information) |
| Price per security | $1 | (Form C, offering information) |
| Target amount | $50,000 | (Form C, offering information) |
| Maximum ask | $5,000,000 | (Form C, offering information) |
| Offering deadline | 2025-04-30 | (Form C, offering information) |
| Platform compensation | 7.9% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering. | (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 | $1,462,550 | $1,520,000 | (Form C, financial summary) |
| Cost of goods sold | $887,668 | $1,137,105 | (Form C, financial summary) |
| Net income | -$1,321,186 | -$1,410,327 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $61,287 | $139,963 | (Form C, financial summary) |
| Accounts receivable | $384,647 | $255,250 | (Form C, financial summary) |
| Total assets | $1,475,429 | $1,490,606 | (Form C, financial summary) |
| Short-term debt | $1,307,736 | $510,151 | (Form C, financial summary) |
| Long-term debt | $0 | $0 | (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.
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://simplifygenomics.com/
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