SmartSoda Holdings, Inc.
View this filing on EDGAR (filing index, accession 0001096906-24-002284) | All Form C filings by this company on EDGAR
Filing details
| Company | SmartSoda Holdings, Inc. | (Form C, issuer information) |
|---|---|---|
| State | OH | (Form C, issuer information) |
| Platform | OpenDeal Portal LLC | (Form C, issuer information) |
| Filing date | 2024-12-20 | (EDGAR filing index) |
| Date of incorporation | 2019-02-15 | (Form C, issuer information) |
| Employees | 15 | (Form C, issuer information) |
| Security offered | Common Stock | (Form C, offering information) |
| Price per security | $2 | (Form C, offering information) |
| Target amount | $75,000 | (Form C, offering information) |
| Maximum ask | $5,000,000 | (Form C, offering information) |
| Offering deadline | 2025-03-20 | (Form C, offering information) |
| Platform compensation | At the conclusion of the Offering, the Issuer shall pay the Intermediary a fee of six percent (6%) of the dollar amount raised in the Offering on proceeds exceeding $100,000 and a minimum cash commission of $15,000, with a $7,500 onboarding fee. | (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 | $1,480,806 | $737,044 | (Form C, financial summary) |
| Cost of goods sold | $845,339 | $241,670 | (Form C, financial summary) |
| Net income | -$2,574,399 | -$2,742,129 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $2,444 | $506,386 | (Form C, financial summary) |
| Accounts receivable | $480,132 | $171,127 | (Form C, financial summary) |
| Total assets | $5,207,093 | $2,067,767 | (Form C, financial summary) |
| Short-term debt | $368,548 | $0 | (Form C, financial summary) |
| Long-term debt | $1,382,488 | $705,500 | (Form C, financial summary) |
Mechanical checks that fired
- 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: 0001096906-24-002284.
"It is anticipated that the Issuer shall own fifty-one percent (50.1%) of the equity interest in Newco, and the holder of the Convertible Note (or a related party) shall own forty-nine percent (49.9%) of the equity interest in Newco."
"Related party transactions Company paid the compensation to its Directors, Details are given in the below table Smart Soda UK Loan Receivables The Balance of Unsecured Loans from Shareholders as on December 31st, 2023 is $676,988 and NIL as on December 31st 2022 . 3."
- 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://www.smartsoda.com
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