Teren Inc\TN
View this filing on EDGAR (filing index, accession 0001821982-25-000021) | All Form C filings by this company on EDGAR
Filing details
| Company | Teren Inc\TN | (Form C, issuer information) |
|---|---|---|
| State | TN | (Form C, issuer information) |
| Platform | Vicinity LLC | (Form C, issuer information) |
| Filing date | 2025-08-29 | (EDGAR filing index) |
| Date of incorporation | 2018-08-24 | (Form C, issuer information) |
| Employees | 5 | (Form C, issuer information) |
| Security offered | Preferred Stock | (Form C, offering information) |
| Price per security | $4 | (Form C, offering information) |
| Target amount | $350,000 | (Form C, offering information) |
| Maximum ask | $1,235,000 | (Form C, offering information) |
| Offering deadline | 2025-11-07 | (Form C, offering information) |
| Platform compensation | Commission equaling 6% of the total amount raised payable at each closing. | (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 | $1,093,224 | $1,531,520 | (Form C, financial summary) |
| Cost of goods sold | $328,264 | $258,557 | (Form C, financial summary) |
| Net income | -$329,409 | -$7,666 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $53,753 | $217,392 | (Form C, financial summary) |
| Accounts receivable | $0 | $0 | (Form C, financial summary) |
| Total assets | $1,253,496 | $1,419,357 | (Form C, financial summary) |
| Short-term debt | $101,631 | $59,712 | (Form C, financial summary) |
| Long-term debt | $2,653,629 | $2,532,000 | (Form C, financial summary) |
Mechanical checks that fired
- Going-concern language. Going-concern 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 quoted sentence is below. Read the auditor or accountant notes in the filing for the full context. Found in: 0001821982-25-000021, 0001821982-25-000022, 0001821982-25-000040.
"Going Concern Management has identified conditions and events that create an uncertainty about the ability of the Company to continue as a going concern without significant investment."
"Going Concern Management has identified conditions and events that create an uncertainty about the ability of the Company to continue as a going concern without significant investment."
- 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: 0001821982-25-000021, 0001821982-25-000022, 0001821982-25-000040.
"Related-Party Transactions The Company leases its headquarters and warehouse facility from its Chief Executive Officer and his spouse, which constitutes a related-party transaction."
"Related-Party Transactions The Company leases its headquarters and warehouse facility from its Chief Executive Officer and his spouse, which constitutes a related-party transaction."
- 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.
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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