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Solidus Communications, Inc.

Raising nowPublic

Software & AI · Ormond Beach, FL

Solidus Communications acquires technology companies. Its subsidiary Advanced Satellite Systems provides internet (50 and 100 MB/s) and VoIP phone service in Volusia and Flagler Counties, Florida, to homeowners' associations and individuals. Illumivation Labs helps inventors develop, patent and market their ideas.

Raising nowRaising now

This company has an open fundraising round.

$0 raised
View the live round
Estimated pre-money ⓘ
$3.8M
As of Sep 2025 · from Reg A Offering (2025) · our estimate: offering price × shares outstanding, not a stated valuation
Total raised
$161,888
Crowd $0 · Private $162K · 5 rounds since 2012
Latest share price
$0.01
Reg A+ · Equity · Sep 2025 offering price

Financials

FY2008–FY2024 (no data for FY2017, FY2019, FY2022, FY2023) · from SEC filings · hover any figure for its source
−$570K
2013
−$225K
2014
$174K
−$1.2M
2015
$147K
$644K
2016
2017no data
$389K
$15K
2018
2019no data
$214K
−$147K
2020
$222K
$917K
2021
2022no data
2023no data
$49K
−$202K
2024
RevenueNet income — beside revenue when positive, below the line when a loss

Chart shows the most recent 8 fiscal years; 5 earlier years are in the table below.

Metric
FY2008 audited
FY2009 audited
FY2010 audited
FY2011 audited
FY2012 audited
FY2013 audited
FY2014 audited
FY2015 audited
FY2016 audited
FY2018
FY2020 unaudited
FY2021 unaudited
FY2024 unaudited
Income statement
Revenue
—
—
—
—
—
—
—
$173,560
$146,731
$388,585
$214,311
$222,455
$49,309
Cost of goods sold
—
—
—
—
—
—
—
—
—
$442,807
$10,493
$35,917
$2,387
Gross margin
—
—
—
—
—
—
—
—
—
-14%
95%
84%
95%
Net income
-$71,962
-$292,155
-$7,896,734
-$5,154,853
-$465,897
-$569,693
-$225,210
-$1,170,997
$644,287
$15,001
-$146,954
$917,154
-$201,853
Balance sheet
Cash
—
$438
$1,367
$399
$470
$2
$2
$7,592
$21,414
$6,420
$16,839
$570,666
$7,179
Accounts receivable
—
—
—
—
—
—
—
$3,307
—
$19,615
$0
$0
$0
Total assets
—
—
$2,804,367
$4,316
$3,970
$2,000,502
$2
$32,101
$41,602
$776,508
$662,528
$1,255,771
$292,088
Short-term debt
—
—
—
—
—
—
—
$2,233,361
$2,236,446
—
—
—
—
Long-term debt
—
—
—
—
—
—
—
—
—
$181,069
$421,203
$146,010
$99,186
Total liabilities
—
—
—
—
—
—
—
$6,200,054
$5,381,900
$899,527
$724,875
$707,631
$552,423
Other
Headcount
—
—
—
—
—
—
—
—
—
1
1
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
$467.6M
est. pre-money
$34.1M
est. pre-money
$3.8M
est. pre-money
Reg A+ · Equity · Jan 2020
Reg A+ · Equity · Aug 2021
Reg A+ · Equity · Sep 2025

Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher.

Cap table

Share counts as of Sep 9, 2025
Preferred B · 0.2%Common · 99.8%
ClassOutstandingVotes / shareShare of totalVotesLast price
Preferred Bpreferred757,089none0.2%0%—
Common382,020,576199.8%100.0%$0.01Sep 2025
Total382,777,665100%100%

Shares outstanding over timein today's share terms

60677397.8B30338698.9B0
Nov 2012Sep 2025
CommonPreferred BSeries A Preferred StockSeries B Preferred StockSeries C Preferred StockRound openedSplit / conversion

Changes in named holdersshares in today's terms · % of all shares at the time

Principal holders% as the filing states it, Sep 9, 2025

  • William J Sanchez700,000 Preferred C100.0%of Preferred C
  • William J Sanchez40,044,800 Common10.0%of
  • Camille Whiddon25,500,000 Common7%of
  • Patrick T. Wall25,263,158 Common6.94%of
  • Santiago Munoz25,000,000 Common6.86%of
  • Sayis Tequia25,000,000 Common6.86%of
  • Frank Gerardi3,300 Preferred B5.79%of Preferred B
  • Frank Gerardi20,898,062 Common5.73%of
  • Samuel Fromkin3,000 Preferred B5.26%of Preferred B
  • Tommy Langford16,666,667 Common4.83%of
  • Andrei Ludu8,000,000 Common2.2%of

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 $0 / $1.5MEst. pre-money $3.8M
Raised $0 / $1.3MEst. pre-money $34.1M
Raised $0 / $4MEst. pre-money $467.6M

Team

3 people
William Sanchez
President, CEO, CFO and Director
Andrei Ludu
Director
Thomas A. Langford
Director

Names and titles as disclosed on SEC Form 1-A. Bios and photos come from the platform campaign page and may be out of date.

  • Form QUALIFSep 30, 20259999999994-25-000199
    EDGAR
  • Form 1-ASep 9, 20250001264931-25-000017
    EDGAR
  • Form QUALIFFeb 14, 20239999999994-23-000065
    EDGAR
  • Form 1-A/AJan 27, 20230001099910-23-000023
    EDGAR
  • Form 10-QJan 23, 20230001099910-23-000020
    EDGAR
  • Form 1-A/AJan 9, 20230001099910-23-000009
    EDGAR
  • Form 10-K/ANov 25, 20220001099910-22-000250
    EDGAR
  • Form 1-A/ANov 25, 20220001099910-22-000247
    EDGAR
Source: SEC EDGARCIK 0001427644NVShare price $0.01Last synced Aug 16, 2026

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.