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WaterBlocks

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Locking Line Barriers Corporation dba WATERBLOCKS

Energy & Cleantech · Denver, CO

Rapidly-Deployable Flood Barrier System Reinventing Flood Barrier Systems Through Superior Design & Rapid Deployment

Post-money valuation ⓘ
$18.6M
As of May 2021 · from Reg CF Offering (2018) · pre-money + amount raised, not a traded price
Total raised
$628,578
Crowd $609K · Private $20K · 2 rounds since 2018
Latest share price
$2.00
Reg CF · Class B Non-Voting Common Shares · May 2018 offering price

Financials

FY2016–FY2023 · from SEC filings · hover any figure for its source
$0
2016
$0
2017
$0
−$59K
2018
$0
−$136K
2019
$0
−$305K
2020
$0
−$135K
2021
$0
−$37K
2022
$0
−$17K
2023
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2016 reviewed*
FY2017 reviewed
FY2018 reviewed
FY2019 reviewed
FY2020
FY2021
FY2022
FY2023
Income statement
Revenue
$0
$0
$0
$0
$0
$0
$0
$0
Cost of goods sold
$0
$0
$0
$0
$0
$0
$0
$0
Net income
$0
$0
-$58,767
-$136,183
-$305,235
-$134,547
-$37,021
-$17,156
Taxes paid
$0
$0
$0
$0
$0
$0
$0
$0
Balance sheet
Cash
$0
$100
$39
$0
$11,053
$7,743
$2,245
$2,139
Accounts receivable
$0
$0
$13,980
$24,250
$17,326
$17,326
$17,326
$17,326
Total assets
$0
$100
$27,169
$81,503
$43,379
$39,069
$33,571
$33,465
Short-term debt
$0
$0
$0
$0
$0
$0
$0
$0
Long-term debt
$0
$0
$0
$0
$0
$0
$0
$4,000
Total liabilities
$0
$0
$0
$0
$0
$0
$0
$4,000
Other
Headcount
—
1
1
1
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
$18.0M
pre-money
Reg CF · Class B Non-Voting Common · May 2018

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

Share price over rounds

$2.00$1.00$1.00
May 20182019
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Share counts as of Dec 31, 2019
Class A Common Stock · 81.7%Class B Common Stock · 18.3%
ClassOutstandingVotes / shareShare of totalLast price
Class A Common Stock7,500,000—81.7%—
Class B Common Stock1,683,851—18.3%$2.00May 2018
Total9,183,851100%

Shares outstanding over timein today's share terms

9.2M4.6M0
Dec 2017Dec 2019
Class A Common StockClass B Common StockRound opened

Principal holders% as the filing states it, Apr 29, 2024

  • Great American Holdings, Inc33.7%of votes
  • Joseph Daniluk22.1%of votes

Sold to the crowd

  • Reg CF · May 2018304,289 Class B Non-Voting Common Shares at $2.00$608.6K· 1,256 investors

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 $608.6K / $1.1MInvestors 1,256Post-money $18.6M

Team

7 people
Joe DanilukFounder
CEO & Director

A Denver native, Joseph is a service disabled combat veteran, married with two children. Joe’s favorite pastimes include skiing, flying and financial market analysis. He brings more than 30 years of business development experience for directing and managing new project development with an emphasis in finance, automation and marketing. He is also a licensed Colorado Real Estate Broker and Private Pilot. A graduate of the University of Denver with a dual degree in Finance and Real Estate and a minor in Mass Communications and TV Production. He has an extensive computer background with training in the US Navy Tactical Data Systems military computer systems and later migrating to PC’s, designing and building computers, LAN’s, Enterprise systems and WEB hosting networks. During the savings and loan crisis, he was the Assistant Specialist in Charge (ASIC) of the Denver FDIC office managing 330 employees and managing and liquidating $2.5 billion of assets recovered from closed banks and S&L’s. From 1999-2014 Joseph managed SuperLoads, Inc. as CEO, a specialized freight company, moving the big, the bad and the ugly freight (150,000 to 1,000,000 lbs.) throughout North America. He obtained the only authority issued by Lloyd’s of London to insure spot rail freight, which gave him a $5 million underwriting authority. Clients included moves for NASA, SpaceX, GM, Ford Berkshire Hathaway, CH Robinson, CAT, Hyundai Heavy Industries, Fairbanks Power and Light, Pennsylvania Power and Light, Siemens and many others. Since 2006, he has been CEO of, Manufacturing Contractors, Inc., a plastic manufacturing operation providing Nuclear Waste liners for the Department of Energy and other plastic products to the USDA. LLB’s product line is manufactured in the same manner and process as Manufacturing Contractors' Nuclear Waste Liners. Mr. Daniluk, is presently and for at least the past three years, the owner and operator (Director and CEO) of the following businesses: CEO and Director of Locking Line Barriers. Approximately spends 30 hours weekly and is his Primary job. 2015 to present. CEO and Director of Great American Holdings, Inc. (Asset Holding and Management ) 2015 to present. CEO and Director of Strategic Solutions Team, Inc. (General Business Consulting) 2015 to present. CEO and Director of Manufacturing Contractors, Inc. (Plastic and Steel manufacturer) 2015 to present. Executive Director of Disaster Support Foundation (Charitable Organization) 2015 to present.

Joseph Daniluk
CEO, Principal Executive Officer and Director, Principal Financial Officer, Secretary, and Principal Accounting Officer
Ambassador Sam Zakhem
Director Government Relations

Sam was appointed US Ambassador to Bahrain by President Ronald Regan to serve the Middle East in 1986 and served with distinction during very volatile times. Sam also served his country as a White House Advisor, a member of the US Small Business Administration, and Chaplain in the US Navy. Sam has also been involved in the legislature of his home State, Colorado as a State Senator, and two term State Representative. In business, Sam has held various positions including CEO and Vice President of companies including Ford Motor Co., Denver University, The Heritage Foundation and others. Fluent in multiple languages, Sam has numerous degrees from various Universities both here and abroad, has served on their advisory boards as well as taught from time to time. Senator Jesse Helms heralded Ambassador Zakhem as follows: “You have the courage of your convictions and the moral and spiritual principles to guide you in rendering distinguished service to our country. You stood up to America’s enemies in your courageous service as U.S. Ambassador to Bahrain. Not once have you compromised your willingness to fight to preserve the freedoms of the American people.” From: 2015 To: Present Is a Business Advisor & Public Speaker Self Employed (Consulting)

Scott Saxman
Product Development & Global Expansion Director

Scott is currently the Corporate Business Development Director and former Senior Vice President of Sales & Marketing at Mold In Graphic Systems, where he's spent 25 years providing products and services to the worldwide rotational molding industry. Previously, he served for six years as Director of Marketing & Sales at Flexible Flyer Toys focused on the ongoing development of new lines of plastic toys. Prior to that he served as Marketing & Product Development Manager at Hedstrom Plastics Corporation, a leading rotational molding plastic manufacturer. Educated at Indiana University with a Bachelor's in Business and Economics, his extensive international and domestic business and product development skills as well as his 37+ years of broad experience in the field of rotational plastic molding and manufacturing have been invaluable to LLB. From: 2015 To: Present Is a Business Development Director of Mold In Graphic Systems (Graphic Provider for Plastics)

Stephen Daniluk
Engineering & IT Manager

Patent Owner Partner & Lead Engineer on the Locking Line Barrier project, Stephen is developing additional features and enhancements to the LLB product to further expand versatility and capabilities. His background and training as a mechanical engineer and project manager provide LLB with the technical expertise and computer operations leadership to manage the technology developed. For the past 10 years, Stephen has developed numerous engineering plans for the safe securement and transport of SuperLoads’ freight projects for major clients without a single job-related accident, claim or loss. He has also developed, programmed and managed numerous web sites as well as built and managed the internal corporate Local Area Networks for numerous businesses for years. Stephen is a graduate of the University of Colorado with a Mechanical Engineering Degree and an EIT Accreditation in Fundamentals of Engineering. Mr. Daniluk, is presently and for more than three years, been an Officer and Director of Great American Holdings, Inc. (Asset Holding and Management )

Steve Tannenbaum
Director Finance

President of Tannenbaum Consulting LLC, Steve has a diverse background with over 30 years of experience in tax, auditing and accounting services. He has testified as an expert witness in Federal, District and County Courts as well as evaluated commercial enterprises and actively participated in negotiations relative to business acquisition and reorganization, restructuring, and dissolution. Steve brings to the table extensive history and experience working with businesses engaged in manufacturing, wholesale and retail sales, construction, mortgage banking, professional practices, and commercial and residential real estate. Steve received a B.S. in Accounting from the University of Colorado in 1975 and a B.A. in Psychology from the University of Colorado in 1973. He is a Certified Public Accountant in the State of Colorado and a member of both the American Institute of Certified Public Accountants and the Colorado Society of Certified Public Accountants. Mr. Tannenbaum is the former President of Tannenbaum & Suber, P.C. and former tax partner at Deloitte & Touche. From: 2015 To: Present Is an Officer and Director of Tannenbaum & Company, P.C. (CPA Consulting and Tax Services)

Will Hunziker
Director Patent & Licensing

Will is a registered practicing patent attorney in Denver and Boulder, specializing in patent, trade secret, trademark, copyright searching, licensing, registration, prosecution, and litigation. As LLB's primary patent counsel, he will manage outside law firms retained to pursue the protection of the company’s intellectual property and licenses. Graduating from University of Colorado with a Bachelor’s Degree in Molecular, Cellular & Developmental Biology that included studies in genetic engineering, chemistry, biology, physics, and mathematics, Will also received a Bachelor's Degrees in both English and Philosophy: Law and Society. Will earned his Juris Doctor from Seattle University School of Law. Will is active in several organizations as a member of the Federal District of Colorad, and Boulder Bar Associations, Better Business Bureau, Boulder Chamber of Commerce, Boulder / Front Range Mensa, and various business and technology Meetup Groups. From: 2015 To: Present Is an Officer and Director of Hunziker Legal Services, PLLC (Attorney at Law)

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 6 of 8 annual reports (FY2018–FY2025)

1,256 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form C-TRApr 18, 20250001736664-25-000001
    EDGAR
  • Form C-ARApr 29, 20240001736664-24-000001
    EDGAR
  • Form C-ARMay 1, 20230001736664-23-000004
    EDGAR
  • Form C-UApr 18, 20230001736664-23-000003
    EDGAR
  • Form C-ARNov 18, 20220001736664-22-000008
    EDGAR
  • Form C/AMay 3, 20220001736664-22-000003
    EDGAR
  • Form C/AFeb 1, 20220001736664-22-000002
    EDGAR
  • Form C/AJan 13, 20220001736664-22-000001
    EDGAR
Source: ManualCIK 0001736664COShare price $2.00

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.