The Company has only recently emerged from its status as a development-stage company, and it has limited operating history and is expected to experience losses in the near term. The Company’s independent registered public accounting firm has issued a report stating there is substantial doubt about the Company’s ability to continue as a going concern.
Company profile
Ticker
SSOK
Exchange
Website
CEO
Jason C. Chang
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Walmart • Target • Costco Wholesale • Dollar General • BJ`s Wholesale Club • Dollar Tree • Big Lots • Ollies Bargain Outlet • Freds • Tuesday Morning ...
Former names
Sandgate Acquisition Corp
SEC CIK
SSOK stock data
Investment data
Securities sold
Number of investors
Calendar
16 May 22
26 Jun 22
31 Dec 22
Financial summary
Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 37.42K | 37.42K | 37.42K | 37.42K | 37.42K | 37.42K |
Cash burn (monthly) | (no burn) | 1.91K | (no burn) | 40.6K | 16.68K | 25.54K |
Cash used (since last report) | n/a | 5.48K | n/a | 116.55K | 47.9K | 73.34K |
Cash remaining | n/a | 31.94K | n/a | -79.13K | -10.48K | -35.92K |
Runway (months of cash) | n/a | 16.7 | n/a | -1.9 | -0.6 | -1.4 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
30 Apr 21 | Chang Jason | Common stock | Other | Acquire J | No | No | 0.0003 | 143,900,000 | 43.17K | 2,233,851,662 |
18 Mar 21 | Chang Jason | Common stock | Other | Acquire J | No | No | 0.0003 | 640,670,000 | 192.2K | 2,089,951,662 |
16 Feb 21 | Chang Jason | Common stock | Other | Acquire J | No | No | 0.0005 | 400,000,000 | 200K | 1,449,281,662 |
15 Feb 20 | Ramnik Clair | Common stock | Buy | Acquire P | No | No | 0.0001 | 36,000,000 | 3.6K | 66,000,000 |
10 Oct 19 | Ramnik Clair | Common stock | Grant | Acquire A | No | No | 0.01 | 30,000,000 | 300K | 66,000,000 |
20 Nov 18 | Balbir H. Clair | Common stock | Grant | Acquire A | No | No | 0.018 | 10,500,000 | 189K | 12,560,500 |
9 Oct 17 | Balbir H. Clair | Common stock | Grant | Acquire A | No | No | 0.01 | 60,000 | 600 | 12,560,500 |
12 Dec 16 | Balbir H. Clair | Common stock | Buy | Acquire P | No | No | 0.0001 | 900,000 | 90 | 12,560,000 |
18 Aug 16 | Balbir H. Clair | Common stock | Buy | Acquire P | No | No | 0.0001 | 150,000 | 15 | 12,560,000 |
17 Sep 15 | Balbir H. Clair | Common stock | Grant | Acquire A | No | No | 0.01 | 27,000 | 270 | 12,560,000 |
Institutional ownership, Q1 2021
13F holders | Current |
---|---|
Total holders | 1 |
Opened positions | 1 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 702K |
Total shares | 130M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Bates Jonathan Robert | 130M | $702K |
Financial report summary
?Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
|
New words:
accelerated, appeal, chapter, complying, emerging, Employer, extinguishment, filer, forgiven, highly, Identification, Interactive, intercompany, issuer, jurisdiction, large, mark, necessarily, original, ownership, par, practicable, preceding, pursuant, Qualitative, Quantitative, registered, registrant, revised, Safety, shell, shorter, SSOK, submit, submitted, Title, transition, voting, Web
Removed:
aggregate, amortization, apply, beneficial, bid, cap, close, commence, comp, convert, deliver, director, discount, discretion, dividend, drop, equal, event, exercised, expensed, formula, granted, holder, liquidation, member, merger, multiplied, nonassessable, notice, offset, performed, ratio, recapitalization, receivable, reclassification, render, reorganization, reversed, settled, shareholder, subdivision, twelve, variable, VP
Current reports
8-K
Changes in Registrant's Certifying Accountant
1 Mar 22
8-K
Amendments to Articles of Incorporation or Bylaws
22 Jul 21
8-K
Changes in Registrant's Certifying Accountant
8 Jan 21
8-K
Entry into a Material Definitive Agreement
7 Feb 20
8-K
Entry into a Material Definitive Agreement
23 Oct 18
8-K
Amendments to Articles of Incorporation or Bylaws
1 Apr 18
8-K
Entry into a Material Definitive Agreement
7 Feb 18
8-K
Entry into a Material Definitive Agreement
7 Nov 17
8-K
Amendments to Articles of Incorporation or Bylaws
30 Oct 17
8-K
Entry into a Material Definitive Agreement
27 Jun 17
Registration and prospectus
D
$550K in equity / options / securities to be acquired, sold $550K, 3 investors
11 May 20
S-8
Registration of securities for employees
7 Feb 20
S-8
Registration of securities for employees
9 Oct 19
S-8
Registration of securities for employees
2 Nov 18
S-8
Registration of securities for employees
22 Jun 17
POS AM
Prospectus update (post-effective amendment)
2 Nov 16
POS AM
Prospectus update (post-effective amendment)
25 Oct 16
S-8
Registration of securities for employees
1 Sep 16
POS AM
Prospectus update (post-effective amendment)
31 Jul 16
S-1/A
IPO registration (amended)
5 Jul 15
Other
UPLOAD
Letter from SEC
18 May 21
CORRESP
Correspondence with SEC
6 May 21
UPLOAD
Letter from SEC
1 Feb 21
UPLOAD
Letter from SEC
6 Oct 19
CORRESP
Correspondence with SEC
2 Oct 19
UPLOAD
Letter from SEC
25 Sep 19
EFFECT
Notice of effectiveness
13 Nov 16
CORRESP
Correspondence with SEC
2 Nov 16
UPLOAD
Letter from SEC
1 Nov 16
CORRESP
Correspondence with SEC
25 Oct 16
Ownership
SC 13D
Sunstock / Chang Jason ownership change
4 May 21
4
Sunstock / Jason Chang ownership change
3 May 21
5
Sunstock / Jason Chang ownership change
28 Apr 21
5
Sunstock / Jason Chang ownership change
28 Apr 21
5
Sunstock / Jason Chang ownership change
28 Apr 21
4
Sunstock / Jason Chang ownership change
28 Apr 21
4
Sunstock / Jason Chang ownership change
28 Apr 21
5
Sunstock / Ramnik Clair ownership change
27 Apr 21
5
Sunstock / Ramnik Clair ownership change
27 Apr 21
SC 13G/A
Sunstock / Bates Jonathan Robert ownership change
3 Mar 21