Torre Labs, Inc.
View this filing on EDGAR (filing index, accession 0001872856-26-000307) | All Form C filings by this company on EDGAR
Filing details
| Company | Torre Labs, Inc. | (Form C, issuer information) |
|---|---|---|
| State | CA | (Form C, issuer information) |
| Platform | DEALMAKER SECURITIES LLC | (Form C, issuer information) |
| Filing date | 2026-09-14 | (EDGAR filing index) |
| Date of incorporation | 2019-02-04 | (Form C, issuer information) |
| Employees | 0 | (Form C, issuer information) |
| Security offered | Other SAFE | (Form C, offering information) |
| Price per security | $1 | (Form C, offering information) |
| Target amount | $25,000 | (Form C, offering information) |
| Maximum ask | $1,229,999 | (Form C, offering information) |
| Offering deadline | 2027-04-30 | (Form C, offering information) |
| Platform compensation | The Issuer will pay DealMaker Securities LLC an 8.5% cash commission fee based on the dollar amount of Securities sold in the Offering. There is also a one-time $15,500 fee and $4,000 monthly fee payable to DealMaker Securities and/or its affiliates. | (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 | $485,416 | $545,600 | (Form C, financial summary) |
| Cost of goods sold | $743,356 | $1,062,237 | (Form C, financial summary) |
| Net income | -$2,081,828 | -$3,106,432 | (Form C, financial summary) |
| Taxes paid | $0 | $0 | (Form C, financial summary) |
| Cash and equivalents | $51,078 | $288,097 | (Form C, financial summary) |
| Accounts receivable | $0 | $0 | (Form C, financial summary) |
| Total assets | $73,172 | $337,883 | (Form C, financial summary) |
| Short-term debt | $68,835 | $154,808 | (Form C, financial summary) |
| Long-term debt | $22,429,136 | $20,524,136 | (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: 0001872856-26-000307.
"Conditions and events creating the doubt include the fact that the Company's financial statements indicate conditions that raise substantial doubt about its ability to continue as a going concern."
"Risks About the Business The reviewing CPA has included a “going concern” note in the reviewed financials."
- 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: 0001872856-26-000307.
"Moreover, those with voting rights could use their voting influence to maintain the Company’s existing management, delay or prevent changes in control of the Company, issue additional securities which may dilute you, repurchase securities of the Company, enter into transactions with related parties or support or reject other management and board proposals."
"Related Party Transactions Torre Labs, Inc. is a subsidiary of Emma Group, Inc., a technology holding company that maintains a controlling ownership interest in the Company."
- 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.
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