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TAMPA DEEP SEA XPLORERS

Operating

Tampa Deep Sea Xplorers, Inc.

Industrial & Manufacturing · Tampa, FL · Founded 2022

Bringing deep learning to the deep sea

Post-money valuation ⓘ
$10.4M
As of Apr 2023 · from Reg CF Offering (2023) · pre-money + amount raised, not a traded price
Total raised
$23,972
Across 1 round since 2023
Latest share price
$1.00
Reg CF · Common Stock · Jan 2023 offering price

Financials

FY2020–FY2022 · from SEC filings · hover any figure for its source
$11K
−$23K
2020
$170K
$68K
2021
$211K
$24K
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2020 reviewed*
FY2021 unaudited
FY2022 unaudited
Income statement
Revenue
$11,005
$169,720
$211,227
Cost of goods sold
$0
$0
$0
Gross margin
100%
100%
100%
Net income
-$22,504
$68,189
$23,883
Taxes paid
$0
$2,820
$18,468
Balance sheet
Cash
$8,764
$69,598
$12,667
Accounts receivable
$0
$0
$9,174
Total assets
$17,653
$85,509
$29,245
Short-term debt
$12,690
$22,000
$20,407
Long-term debt
$35,299
$35,299
$0
Total liabilities
$47,989
$57,299
$20,407
Other
Headcount
—
5
5

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
$10.3M
pre-money
Reg CF · Common · Jan 2023

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

Fundraising history

Raised $24K / $1MInvestors 75Post-money $10.4M

Team

3 people
Dennis LorenceFounder
Co-Founder and Product Designer; Director

Dennis Lorence has over 30 years in software development and management experience across multiple platforms, software packages and development tools. He has additional experience in electronics, mechanical/electro-mechanical engineering, automotive mechanics, 3D design and 3D printing. His past experience in IT has included Development Management, Team Leader, Agile team product owner, business analyst and software development. As a former IBM employee and contract programmer, Dennis has been able to enhance his abilities by gaining experience through multiple client environments and software applications and tools. He has strong application analysis, problem solving, design coding and database skills. His experience includes multiple types of databases including DBMS, NoSql, and Big Data transformation using ETL. He is also responsible for design and printing of all custom parts required for our Barracuda AUV through the use of Fusion360 and FDM/Resin printers. He holds a Bachelor’s degree in Professional Management from Nova University graduating as salutatorian. Dennis is a director for TDSX and serves on the Board of Directors.

Edward LarsonFounder
Co-Founder, Chief Executive Officer, and Chief Engineer; Director

Edward Larson - Mr. Larson is the Founder of Tampa Deep-Sea X-plorers LLC (TDSX). TDSX was formed for the purpose of competing for the Shell Ocean Discovery XPRIZE, which was an open contest sponsored by the XPRIZE Foundation and Shell Oil Company. The goal of the contest was to develop autonomous underwater technology to map 100 square miles of ocean bottom, to a resolution of 15 meters, in a 24 hour period. TDSX was a semi-finalist team in the competition. Mr. Larson has over 30 years of professional experience, working for a variety of large and small companies. His work experiences include rolls as an aircraft mechanic, life support technician, engineering technician, a CAD draftsman, network engineer, systems administrator, and a technical trainer. He has worked for a number of fortune 500 companies including: AT&T, Southern Company, Georgia Pacific, and Cisco Systems. Ed is an entrepreneur and has founded several companies. He is a former President of the Atlanta Hobby Robot Club and has been working with robotics for over 20 years. Ed holds two Bachelor of Science degrees in Math and Computer Science and holds a Master of Science degree in International Business, from Georgia State University. He is bilingual and speaks German in addition to English. Ed is a director for TDSX and serves on the Board of Directors.

Joseph DaumFounder
Chief Financial Officer; Director

Dr. Joseph R. Daum has a Doctorate of Business Administration. He has over 30 years of experience supporting the development and acquisition of weapon systems for the Air Force and United States Special Operations Command. Since his retirement in 2013 he has advised businesses in developing strategic business plans in support of their Government contract pursuits. He has over 20 years of experience teaching a variety of subjects to include research methods, statistics, project management, and supply chain management. Dr Daum will provide program management, proposal development, business development, and market analysis support. Dr. Daum serves as CFO in charge of raising capital through private equity and grants to revolutionize the deep water robotics market. Responsible for developing proposals for federal grant programs and contracts to include the Small Business Innovation Research (SBIR) Program. Also serves as Program Manager responsible for coordinating rapid prototyping activities for the Awarded Conracts. Joe is a director for TDSX and serves on the Board of Directors.

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

Reg CF annual-report compliance

Not requiredFiled Form C-TR (terminated reporting)

Filed 1 of 4 annual reports (FY2022–FY2025)

75 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-TRMay 7, 20240001665160-24-000801
    EDGAR
  • Form C-ARMay 10, 20230001665160-23-001231
    EDGAR
  • Form C-UApr 26, 20230001665160-23-000868
    EDGAR
  • Form CJan 19, 20230001665160-23-000104
    EDGAR
Source: ManualCIK 0001962721DEShare price $1.00

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.