Vatom Corporation
View this filing on EDGAR (filing index, accession 0001670254-25-000572) | All Form C filings by this company on EDGAR
Filing details
| Company | Vatom Corporation | (Form C, issuer information) |
|---|---|---|
| State | CA | (Form C, issuer information) |
| Platform | Wefunder Portal LLC | (Form C, issuer information) |
| Filing date | 2025-05-09 | (EDGAR filing index) |
| Date of incorporation | 2019-05-15 | (Form C, issuer information) |
| Employees | 12 | (Form C, issuer information) |
| Security offered | Preferred Stock | (Form C, offering information) |
| Price per security | $12 | (Form C, offering information) |
| Target amount | $50,000 | (Form C, offering information) |
| Maximum ask | $1,235,000 | (Form C, offering information) |
| Offering deadline | 2026-04-30 | (Form C, offering information) |
| Platform compensation | 6.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering. | (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 | $2,472,429 | $1,812,763 | (Form C, financial summary) |
| Cost of goods sold | $174,075 | $864,348 | (Form C, financial summary) |
| Net income | -$5,529,191 | -$6,991,454 | (Form C, financial summary) |
| Taxes paid | $5,942 | $0 | (Form C, financial summary) |
| Cash and equivalents | $11,186 | $57,420 | (Form C, financial summary) |
| Accounts receivable | $145,131 | $603,024 | (Form C, financial summary) |
| Total assets | $462,285 | $1,141,397 | (Form C, financial summary) |
| Short-term debt | $5,585,218 | $4,333,849 | (Form C, financial summary) |
| Long-term debt | $20,549,469 | $17,749,469 | (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.
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://vatom.com/
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