SpongeBath
Sponge holder with patented cleaning technology that sanitizes kitchen sponges
Overview
Raised: $53,000
Total Commitments ($USD)
Republic
02/01/2023
04/30/2023
$25,000
$1,235,000
$150
SAFE
Seed
RegCF
$10,000,000
0%
Rolling Commitments ($USD)
Active
03/23/2023
38
212%
4%
$1,060
70
2013
Consumer Products, Goods & Services
Non-Tech
B2C
High
Low
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$353,500 |
$140,057 |
|
COGS |
$74,372 |
$45,758 |
|
Tax |
$10,113 |
$3,205 |
| ||
| ||
|
Net Income |
$-63,802 |
$-103,193 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$34,940 |
$108,021 |
|
Accounts Receivable |
$2,086 |
$4,641 |
|
Total Assets |
$111,990 |
$193,350 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$137,510 |
$155,068 |
|
Total Liabilities |
$137,510 |
$155,068 |
Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| SpongeBath | 04/30/2023 | Republic | $10,000,000 | $53,000 | SAFE | Active | RegCF |
| SpongeBath | 03/08/2019 | SeedInvest | $5,000,000 | $24,000 | Convertible Note | Not Funded | RegCF / RegD 506(c) |
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