TechLok Solutions, LLC
View this filing on EDGAR (filing index, accession 0002061810-25-000001) | All Form C filings by this company on EDGAR
Filing details
| Company | TechLok Solutions, LLC | (Form C, issuer information) |
|---|---|---|
| State | MI | (Form C, issuer information) |
| Platform | SILICON PRAIRIE CAPITAL PARTNERS, LLC | (Form C, issuer information) |
| Filing date | 2025-04-09 | (EDGAR filing index) |
| Date of incorporation | 2019-05-03 | (Form C, issuer information) |
| Employees | 6 | (Form C, issuer information) |
| Security offered | Common Stock | (Form C, offering information) |
| Price per security | $1,000 | (Form C, offering information) |
| Target amount | $50,000 | (Form C, offering information) |
| Maximum ask | $600,000 | (Form C, offering information) |
| Offering deadline | 2026-04-01 | (Form C, offering information) |
| Platform compensation | $4,000 to start a Test The Waters site, and launch compliant REG-CF Commission on funds raised: 6% Cash on First $5,000,000. | (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 | $25,176 | $495 | (Form C, financial summary) |
| Cost of goods sold | $211,469 | $124,346 | (Form C, financial summary) |
| Net income | -$1,332,010 | -$796,076 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $99,201 | $61,286 | (Form C, financial summary) |
| Accounts receivable | $132 | $0 | (Form C, financial summary) |
| Total assets | $277,525 | $332,506 | (Form C, financial summary) |
| Short-term debt | $169,034 | $90,531 | (Form C, financial summary) |
| Long-term debt | $702,752 | $113,726 | (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: 0002061810-25-000001.
"hout a Meeting. .................................................................................. 5 Voting Rights of Members. ................................................................................... 5 Majority Vote Required for Action. ..................................................................... 6 Related Party Transactions ................................................................................... 6 Deadlock ................................................................................................................ 6 Buy-Sell Upon Deadlock. ..................."
"Yes, see the response to Question 24 for the related party debt."
- 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.
- 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.
A check means "read this part of the filing closely." It is not a judgment about how the company will do.
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