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FAST BAGS CORP

Operating

Fast Bags Corp

Retail & Consumer · Product · Founded 2007

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Biodegradable* trash bags, inside America's first trash bag dispensing system

Post-money valuation ⓘ
$9.7M
As of Apr 2024 · from Reg CF Offering (2023) · pre-money + amount raised, not a traded price
Total raised
$158,440
Across 1 round since 2023
Latest share price
$2.00
Reg CF · Preferred Stock · Jan 2023 offering price

Financials

FY2020–FY2024 (no data for FY2022) · from SEC filings · hover any figure for its source
$13K
−$1K
2020
$271K
−$74K
2021
2022no data
$657K
−$78K
2023
$536K
−$105K
2024
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2020 audited*
FY2021 audited*
FY2023 unaudited
FY2024 unaudited
Income statement
Revenue
$13,353
$270,850
$656,549
$535,995
Cost of goods sold
$10,836
$84,195
$202,690
$180,250
Gross margin
19%
69%
69%
66%
Net income
-$1,169
-$74,039
-$77,597
-$105,393
Taxes paid
$0
$3,055
$530
$1,050
Balance sheet
Cash
$631
$34,741
$25,438
$29,930
Accounts receivable
$0
$0
$0
$0
Total assets
$33,694
$64,572
$83,909
$109,811
Short-term debt
$2,400
$107,315
$435,576
$91,209
Long-term debt
$0
$0
$0
$0
Total liabilities
$2,400
$107,315
$435,576
$91,209
Other
Headcount
—
1
—
1

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
$9.5M
pre-money
Reg CF · Preferred · Jan 2023

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

Fundraising history

Reg CF · Preferred Stock · Jan 2023Closedvia WeFunder
Raised $158.4K / $4.5MInvestors 304Post-money $9.7M

Team

4 people
Jack Licata
President
Harold G. Furlow
Bag Ups Board Member
Alan W. Burke
Board Member
Paul McGillicuddy
Director

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Delinquent

Filed 1 of 4 annual reports (FY2022–FY2025)

Missing: 2022, 2023, 2025

304 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-ARApr 25, 20250001670254-25-000424
    EDGAR
  • Form C/AMay 2, 20230001670254-23-000492
    EDGAR
  • Form CJan 12, 20230001670254-23-000007
    EDGAR
Source: ManualCIK 0001893943Share price $2.00

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.