FORM C |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 | OMB APPROVAL |
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Form C: Filer Information
Filer CIK: | 0001788756 |
Filer CCC: | XXXXXXXX |
Period: | 12-31-2021 |
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Is this an electronic copy of an official filing submitted in paper format in connection with a hardship exemption? | ![]() |
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Submission Contact Information
Name: | |
Phone Number: | |
Contact E-Mail Address: | |
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Form C: Issuer Information
Issuer Information
Name of Issuer: | Parallel Flight Technologies, Inc |
Legal Status of Issuer:
Form: | Corporation |
Jurisdiction of Incorporation/Organization: |
DELAWARE
|
Date of Incorporation/Organization: | 08-10-2018 |
Physical Address of Issuer:
Address 1: | 450 McQuaide Drive |
City: | La Selva Beach |
State/Country: |
CALIFORNIA
|
Mailing Zip/Postal Code: | 95076 |
Website of Issuer: | https://parallelflight.com/ |
Form C: Annual Report Disclosure Requirements
Annual Report Disclosure Requirements
Current Number of Employees: | 14 |
Total Assets Most Recent Fiscal Year-end: | 2420718.00 |
Total Assets Prior Fiscal Year-end: | 873306.00 |
Cash and Cash Equivalents Most Recent Fiscal Year-end: | 2262190.00 |
Cash and Cash Equivalents Prior Fiscal Year-end: | 817928.00 |
Accounts Receivable Most Recent Fiscal Year-end: | 19058.00 |
Accounts Receivable Prior Fiscal Year-end: | 0.00 |
Short-term Debt Most Recent Fiscal Year-end: | 205284.00 |
Short-term Debt Prior Fiscal Year-end: | 158218.00 |
Long-term Debt Most Recent Fiscal Year-end: | 11764.00 |
Long-term Debt Prior Fiscal Year-end: | 11764.00 |
Revenue/Sales Most Recent Fiscal Year-end: | 233349.00 |
Revenue/Sales Prior Fiscal Year-end: | 256105.00 |
Cost of Goods Sold Most Recent Fiscal Year-end: | 365772.00 |
Cost of Goods Sold Prior Fiscal Year-end: | 247368.00 |
Taxes Paid Most Recent Fiscal Year-end: | 742.00 |
Taxes Paid Prior Fiscal Year-end: | 800.00 |
Net Income Most Recent Fiscal Year-end: | -2965401.00 |
Net Income Prior Fiscal Year-end: | -1230217.00 |
Form C: Signature
Signature
Issuer: | Parallel Flight Technologies, Inc |
Signature: | Joshua Resnick |
Title: | CEO |
Pursuant to the requirements of Sections 4(a)(6) and 4A of the Securities Act of 1933 and Regulation Crowdfunding (§ 227.100-503), this Form C has been signed by the following persons in the capacities and on the dates indicated.
Signature: | Joshua Resnick |
Title: | CEO |
Date: | 01-25-2023 |