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Solubag USA, inc

Operating

Retail & Consumer · Hallandale Beach, FL

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Latest valuation
—
No round has disclosed a priced valuation or cap.
Total raised
$1,481,205
Crowd $172K · Private $1.3M · 2 rounds since 2023

Financials

FY2021–FY2022 · from SEC filings · hover any figure for its source
$21K
−$877K
2021
$350K
−$617K
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2021 reviewed
FY2022 reviewed
Income statement
Revenue
$20,937
$350,133
Cost of goods sold
$75,507
$330,695
Gross margin
-261%
6%
Net income
-$877,243
-$617,204
Taxes paid
$48,691
$300
Balance sheet
Cash
$220,539
$176,183
Accounts receivable
$136,529
$117,410
Total assets
$574,789
$353,364
Short-term debt
$97,643
$218,423
Long-term debt
$0
$0
Total liabilities
$97,643
$218,423
Other
Headcount
—
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”.

Cap table

Principal holders% as the filing states it, Feb 12, 2024

  • Solubag SPA99.1%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

Rule 506(b) · Equity · Oct 2024Closed
Raised $1.3MInvestors 3
Reg CF · Convertible Note · Jun 2023Closedvia MICROVENTURE MARKETPLACE INC.
Raised $171.6K / $1.2MInvestors 0

Team

1 person
/s/ MIKE LATHAM
PRESIDENT

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.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 3 annual reports (FY2023–FY2025)

Missing: 2023, 2024, 2025

3 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 DNov 4, 20240001979947-24-000005
    EDGAR
  • Form C-UMay 2, 20240001979947-24-000002
    EDGAR
  • Form C/AFeb 12, 20240001979947-24-000001
    EDGAR
  • Form C/ANov 13, 20230001979947-23-000005
    EDGAR
  • Form C/AAug 23, 20230001979947-23-000003
    EDGAR
  • Form CJun 16, 20230001979947-23-000002
    EDGAR
Source: SEC EDGARCIK 0001979947FLLast synced Aug 17, 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.