Crowdonomics
All companies
SoapSox logo

SoapSox

Operating

Phillips Entertainment Group Inc

Retail & Consumer · Los Angeles, CA · Founded 2019

Next generation of washcloths for kids.

Post-money valuation ⓘ
$7.3M
As of Apr 2020 · from Reg CF Offering (2019) · pre-money + amount raised, not a traded price
Total raised
$1,064,897
Across 1 round since 2019
Latest share price
$7.75
Reg CF · Common Stock · Sep 2019 offering price

Financials

FY2017–FY2018 · from SEC filings · hover any figure for its source
$406K
$106K
2017
$760K
−$248
2018
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2017 reviewed*
FY2018 reviewed*
Income statement
Revenue
$405,687
$759,911
Cost of goods sold
$125,151
$405,933
Gross margin
69%
47%
Net income
$106,309
-$248
Taxes paid
$0
$0
Balance sheet
Cash
$6,107
$44,312
Accounts receivable
$37,740
$170,040
Total assets
$940,818
$859,283
Short-term debt
$233,221
$401,851
Long-term debt
$1,072,530
$1,183,542
Total liabilities
$1,305,751
$1,585,393
Other
Headcount
—
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
$6.2M
pre-money
Reg CF · Common · Sep 2019

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

Cap table

Principal holders% as the filing states it, Sep 19, 2019

  • Ray Phillips81.3%of company
  • Alvin Uy18.7%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 $1.1M / $1.1MInvestors 1,872Post-money $7.3M

Team

3 people
Ray PhillipsFounder
CEO and Director

Ray is a serial entrepreneur with a track record in launching, scaling, and securing distribution for CPG companies. He has built meaningful relationships with founders, manufacturers, distributors, and retailers across the CPG space. These connections help innovative emerging brands minimize mistakes and scale efficiently.

Alvin Uy
Vice President and Creative Director

Co-Founder & CEO of Insight Creative Group, 18 years experience specializing in product development, ideation, and graphic design.

Quantasy
Marketing

Quantasy is a creative services agency that creates brand experiences that occur at the intersection of entertainment, advertising, technology and culture. We deliver premium interactive and social content for clients in the automotive, entertainment, not-for-profit and financial sectors. The agency has expertise across branded content and entertainment, social media, web analytics, emerging platforms, millennial marketing and more.

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

Reg CF annual-report compliance

Delinquent

Filed 0 of 7 annual reports (FY2019–FY2025)

Missing: 2019, 2020, 2021, 2022, 2023, 2024, 2025

1,872 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 7, 20220001665160-22-002689
    EDGAR
  • Form C-UMay 5, 20200001665160-20-000570
    EDGAR
  • Form C/AApr 20, 20200001665160-20-000330
    EDGAR
  • Form C/AFeb 21, 20200001665160-20-000152
    EDGAR
  • Form C/ADec 20, 20190001665160-19-001243
    EDGAR
  • Form C/ASep 19, 20190001665160-19-000947
    EDGAR
  • Form CSep 19, 20190001665160-19-000943
    EDGAR
Source: ManualCIK 0001777011CAShare price $7.75

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.