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NXT WATER, MAKERS OF AKESO logo

NXT WATER, MAKERS OF AKESO

Operating

NXT Water, Inc

Alcohol · Founded 2018

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Innovators in science-backed ultra functional beverages: CBD & plant powered hydration

Valuation cap ⓘ
$10.0M
As of Apr 2022 · from Reg CF Offering (2021) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$1,608,550
Crowd $49K · Private $1.6M · 2 rounds since 2020

Financials

FY2019–FY2020 · from SEC filings · hover any figure for its source
$26K
−$318K
2019
$21K
−$637K
2020
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 reviewed
FY2020 reviewed
Income statement
Revenue
$26,189
$21,099
Cost of goods sold
$58,722
$8,171
Gross margin
-124%
61%
Net income
-$317,501
-$637,224
Taxes paid
$0
$0
Balance sheet
Cash
$921
$21,724
Accounts receivable
$1,906
$13,942
Total assets
$2,827
$98,213
Short-term debt
$204,519
$357,129
Long-term debt
$297,900
$877,900
Total liabilities
$502,419
$1,235,029
Other
Headcount
—
4

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

Valuation caps on SAFE / convertible note rounds
$10.0M
Valuation cap
Reg CF · Note · Dec 2021

Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth.

Fundraising history

Reg CF · Convertible Note · Dec 2021Closedvia WeFunder
Raised $48.6K / $1MInvestors 50Valuation cap $10M
Rule 506(b) · Debt · Apr 2020Closed
Raised $1.6MInvestors 9

Team

3 people
Todd Waks
CEO, NXT Water
Anna Geller
COO
Geoff Schneider
Managing Partner, Cava Capital

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.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 0 of 5 annual reports (FY2021–FY2025)

Missing: 2021, 2022, 2023, 2024, 2025

50 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 CDec 14, 20210001670254-21-001371
    EDGAR
  • Form DAug 31, 20210001879292-21-000001
    EDGAR
Source: ManualCIK 0001879292

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.