Data / Crowdfunding / Ohio / The SMART Tire Company, Inc.
The SMART Tire Company, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,004 to $5,000,000 (2025)
The SMART Tire Company, Inc., a corporation in Akron, OH, filed a Form C with the SEC on May 16, 2025 to raise $50,004 to $5,000,000 in preferred stock through Wefunder Portal LLC. The offering closed on April 30, 2026. In its most recent fiscal year it reported $290,086 in revenue and a net loss of $411,488, with 5 employees.
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- Website
- smarttire.com
- Funding portal
- Wefunder Portal LLC
- Address
- 1450 Firestone Parkway, Unit E, Akron, OH 44301
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- August 12, 2020
- SEC CIK
- 0001854861
Offering terms
From the offering filed May 16, 2025.
- Security
- Preferred Stock
- Price
- $5.00
- Target
- $50,004
- Maximum
- $5,000,000
- Deadline
- April 30, 2026
- Portal compensation
- <p>7.5% 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.</p>
Financials
From the Form C filed May 16, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $290,086 | $70,869 | sec.gov |
| Cost of goods sold | $204,930 | $52,311 | sec.gov |
| Net income | $-411,488 | $-827,879 | sec.gov |
| Taxes paid | $83,707 | $96,896 | sec.gov |
| Total assets | $310,912 | $624,654 | sec.gov |
| Cash | $51,870 | $268,754 | sec.gov |
| Accounts receivable | $0 | $45,776 | sec.gov |
| Short-term debt | $218,593 | $312,822 | sec.gov |
| Long-term debt | $21,243 | $51,402 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 16, 2025 | Offering | $50,004 | $5,000,000 | April 30, 2026 | sec.gov | |
| April 29, 2024 | Annual report | Not listed | Not listed | sec.gov | ||
| May 1, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| April 26, 2023 | Amendment | $99,999 | $4,921,816 | April 29, 2024 | Adding 2022 audited GAAP financials and extending the campaign | sec.gov |
| February 16, 2023 | Offering | $99,999 | $4,921,816 | April 30, 2023 | sec.gov | |
| July 7, 2022 | Progress update | $9,995 | $3,703,441 | April 29, 2022 | At the close of the offering, the issuer closed on $53,228.03 and 11,180 number of securities. | sec.gov |
| May 2, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 6, 2022 | Amendment | $9,995 | $3,703,441 | April 29, 2022 | Issuer is extending camapign | sec.gov |
| January 6, 2022 | Offering | $9,995 | $3,703,441 | April 6, 2022 | sec.gov | |
| January 5, 2022 | Progress update | $50,000 | $5,000,000 | April 30, 2022 | At the close of the offering, the issuer closed on $1,296,681 and 872790 number of securities. | sec.gov |
| May 14, 2021 | Offering | $50,000 | $5,000,000 | April 30, 2022 | sec.gov |
Updated May 16, 2025. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.