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Earthwise Sorbents, Inc.

Energy & Cleantech · Oceanside, CA · Founded 2017

Sustainable Sorbent Technologies

Post-money valuation ⓘ
$33.1M
As of Sep 2021 · from Reg CF Offering (2021) · pre-money + amount raised, not a traded price
Total raised
$72,160
Across 1 round since 2021
Latest share price
$3.75
Reg CF · Common Stock · Feb 2021 offering price

Financials

FY2018–FY2020 · from SEC filings · hover any figure for its source
$144
−$26K
2018
$11K
−$112K
2019
$3K
−$30K
2020
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018 reviewed*
FY2019 reviewed*
FY2020
Income statement
Revenue
$144
$11,250
$2,554
Cost of goods sold
$2,424
$11,372
$1,819
Gross margin
-1583%
-1%
29%
Net income
-$25,575
-$112,237
-$29,765
Taxes paid
$0
$0
$0
Balance sheet
Cash
$879
-$4,651
$697
Accounts receivable
$0
$6,532
$370
Total assets
$5,760
$86,630
$106,055
Short-term debt
$1,648
$7,104
$45,785
Long-term debt
$28,887
$216,538
$227,047
Total liabilities
$30,535
$223,642
$272,832
Other
Headcount
—
3
3

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$33.0M
pre-money
Reg CF · Common · Feb 2021

Blue bars are the pre-money valuation the company stated for a priced round.

Cap table

Principal holders% as the filing states it, Feb 8, 2021

  • Andrew Jakubowski -21.1%of company
  • Jim Mullen -21.1%of company
  • Owned Free Foam, Inc.21.1%of company
  • plus8,000,000 Common20.0%of company

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $72.2K / $1.1MInvestors 129Post-money $33.1M

Team

4 people
Andrew JakubowskiFounder
CEO & COO

Andrew is an accomplished business executive and entrepreneur with experience in sales, start-up ventures, product development, use of sustainable materials in manufacturing, and developing efficient business practices and operations. He oversees operations and logistics at Earthwise and is also developing its business infrastructure and sales procedures. As CEO & COO, Andrew's goal is to have Earthwise Sorbents become the sorbent industry’s leading brand for sustainable products.

Jim MullenFounder
President

Jim is a senior level business executive and life-long entrepreneur with extensive experience launching and growing businesses, organizational structure, investment, branding, delivering solid ROI, revenue growth, P&L development and executing creative marketing strategies. As president and founder of Earthwise, Jim has spoken nationally and internationally about sustainability in the oil-spill clean-up industry, cultivated a diverse and strategic network of potential clients, negotiated a manufacturing partnership with NPS, and built the Earthwise team.

Marty GilchristFounder
Secretary & Director

Marty is a highly skilled business executive and manager with experience in sales, revenue and strategic growth, product development and design, national and international product distribution, business operations, innovative marketing campaigns and networking. He serves on the Board of Directors for Earthwise Sorbents and in that role he provides strategic oversight and advice to the Earthwise team. Marty's primary occupation is being the CEO of Arctic Foam, Foam Corp Inc., and Free Foam. He works 40-60 hours specifically for Earthwise.

Captain (Ret.) Kirk McKinzie
Sales Liaison, Key Account Primary

Kirk is a fire service veteran and a Certified Hazardous Materials Technician. He supports Earthwise Sorbents as a strategic advisor, sales liaison and subject-matter expert. His is focused on first response industry leaders, distributors, and field operators. He envisions more efficient risk containment, eco-friendly mitigation and a cleaner planet through the use of Earthwise green sorbent technologies.

Names and titles as disclosed on StartEngine, SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFewer than 300 holders of record

Filed 1 of 6 annual reports (FY2020–FY2025)

129 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-UOct 6, 20220001665160-22-002647
    EDGAR
  • Form C-USep 28, 20210001665160-21-001707
    EDGAR
  • Form C/AJul 26, 20210001665160-21-001309
    EDGAR
  • Form C-ARApr 30, 20210001665160-21-000851
    EDGAR
  • Form C/AApr 29, 20210001665160-21-000773
    EDGAR
  • Form CFeb 8, 20210001665160-21-000143
    EDGAR
Source: ManualCIK 0001842460DEShare price $3.75

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.