TCC Brands Inc.
View this filing on EDGAR (filing index, accession 0001665160-24-001696) | All Form C filings by this company on EDGAR
Filing details
| Company | TCC Brands Inc. | (Form C, issuer information) |
|---|---|---|
| State | IL | (Form C, issuer information) |
| Platform | StartEngine Primary, LLC | (Form C, issuer information) |
| Filing date | 2024-11-21 | (EDGAR filing index) |
| Date of incorporation | 2021-05-07 | (Form C, issuer information) |
| Employees | 5 | (Form C, issuer information) |
| Security offered | Common Stock | (Form C, offering information) |
| Price per security | $12 | (Form C, offering information) |
| Target amount | $14,990 | (Form C, offering information) |
| Maximum ask | $1,234,993 | (Form C, offering information) |
| Offering deadline | 2025-02-19 | (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 | $3,592,797 | $2,791,956 | (Form C, financial summary) |
| Cost of goods sold | $2,102,446 | $1,975,795 | (Form C, financial summary) |
| Net income | -$1,280,459 | -$2,028,709 | (Form C, financial summary) |
| Taxes paid | $18,844 | $2,815 | (Form C, financial summary) |
| Cash and equivalents | $139,902 | $1,408,390 | (Form C, financial summary) |
| Accounts receivable | $24,616 | $41,928 | (Form C, financial summary) |
| Total assets | $1,686,400 | $2,405,185 | (Form C, financial summary) |
| Short-term debt | $582,609 | $497,009 | (Form C, financial summary) |
| Long-term debt | $2,491,789 | $2,000,088 | (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.
- 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://www.thecuminclub.com/
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