Spiro Carbon Group, Inc.
View this filing on EDGAR (filing index, accession 0001665160-24-001852) | All Form C filings by this company on EDGAR
Filing details
| Company | Spiro Carbon Group, Inc. | (Form C, issuer information) |
|---|---|---|
| State | UT | (Form C, issuer information) |
| Platform | StartEngine Primary, LLC | (Form C, issuer information) |
| Filing date | 2024-12-18 | (EDGAR filing index) |
| Date of incorporation | 2021-11-21 | (Form C, issuer information) |
| Employees | 9 | (Form C, issuer information) |
| Security offered | Other Class A Voting Common Shares | (Form C, offering information) |
| Price per security | $1 | (Form C, offering information) |
| Target amount | $123,999 | (Form C, offering information) |
| Maximum ask | $1,234,998 | (Form C, offering information) |
| Offering deadline | 2025-03-18 | (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 | -$2,989 | -$1,695 | (Form C, financial summary) |
| Net income | -$327,151 | -$461,138 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $66 | $3,255 | (Form C, financial summary) |
| Accounts receivable | $22,940 | $0 | (Form C, financial summary) |
| Total assets | $89,706 | $69,955 | (Form C, financial summary) |
| Short-term debt | $406,105 | $286,393 | (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.
- 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: https://www.spirocarbon.com
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