About
Arqlite is a recycling technology company developing innovative processes to create low-carbon materials made 100% from plastic rescued from the environment.
- Santa Ana, United States of America
- Legal Name: Arqlite Spc
- Company ID: 47-4042416
- Year Founded: 2015
- Industry: Environmental Services
- Website: https://www.arqlite.com
- SEC Filings
Highlights
—
CF Valuation
$829.2K
Total Raised
$643.2K
Revenue
8
Employees
Indicators
Profit Margin
-82.4%
(262.6%)
2022: -345%
Current Ratio
5.86
(-59.2%)
2022: 14.37
Revenue Growth
Financials
| INCOME STATEMENT | 2023 | 2022 | 2021 | 2020 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Revenue | $643,241 | $544,452 | $221,380 | $3,308 | 19,345% |
| Cost of Goods Sold | -$233,282 | -$847,409 | -$348,430 | -$1,659 | 13,962% |
| Gross Profit | $409,959 | -$302,957 | -$127,050 | $1,649 | 24,761% |
| Other Costs | -$939,788 | -$1,575,267 | -$1,062,206 | -$904,867 | 4% |
| Taxes Paid | $0 | $0 | $0 | $0 | — |
| Net Income | -$529,829 | -$1,878,224 | -$1,189,256 | -$903,218 | -41% |
| BALANCE SHEET | 2023 | 2022 | 2021 | 2020 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Cash | $66,166 | $234,549 | $74,226 | $209,331 | -68% |
| Accounts Receivable | $55,292 | $4,000 | $5,010 | $18,032 | 207% |
| Total Liquidity | $121,458 | $238,549 | $79,236 | $227,363 | -47% |
| Other Assets | $1,914,256 | $2,223,957 | $2,942,918 | $2,473,549 | -23% |
| Total Assets | $2,035,714 | $2,462,505 | $3,022,154 | $2,700,912 | -25% |
| Short Term debt | $347,145 | $171,316 | $1,209,172 | $567,680 | -39% |
| Long Term debt | $3,148,944 | $3,231,312 | $1,224,880 | $372,157 | 746% |
| Total Debt | $3,496,089 | $3,402,628 | $2,434,052 | $939,837 | 272% |
| Other Liabilities | -$1,460,376 | -$940,123 | $588,102 | $1,761,075 | -183% |
| Total Liabilities | $2,035,714 | $2,462,505 | $3,022,154 | $2,700,912 | -25% |
Revenue Growth
Employee Growth
Financials
| INCOME STATEMENT | 2023 | 2022 | 2021 | 2020 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Revenue | $643,241 | $544,452 | $221,380 | $3,308 | 19,345% |
| Cost of Goods Sold | -$233,282 | -$847,409 | -$348,430 | -$1,659 | 13,962% |
| Gross Profit | $409,959 | -$302,957 | -$127,050 | $1,649 | 24,761% |
| Other Costs | -$939,788 | -$1,575,267 | -$1,062,206 | -$904,867 | 4% |
| Taxes Paid | $0 | $0 | $0 | $0 | — |
| Net Income | -$529,829 | -$1,878,224 | -$1,189,256 | -$903,218 | -41% |
| BALANCE SHEET | 2023 | 2022 | 2021 | 2020 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Cash | $66,166 | $234,549 | $74,226 | $209,331 | -68% |
| Accounts Receivable | $55,292 | $4,000 | $5,010 | $18,032 | 207% |
| Total Liquidity | $121,458 | $238,549 | $79,236 | $227,363 | -47% |
| Other Assets | $1,914,256 | $2,223,957 | $2,942,918 | $2,473,549 | -23% |
| Total Assets | $2,035,714 | $2,462,505 | $3,022,154 | $2,700,912 | -25% |
| Short Term debt | $347,145 | $171,316 | $1,209,172 | $567,680 | -39% |
| Long Term debt | $3,148,944 | $3,231,312 | $1,224,880 | $372,157 | 746% |
| Total Debt | $3,496,089 | $3,402,628 | $2,434,052 | $939,837 | 272% |
| Other Liabilities | -$1,460,376 | -$940,123 | $588,102 | $1,761,075 | -183% |
| Total Liabilities | $2,035,714 | $2,462,505 | $3,022,154 | $2,700,912 | -25% |
| INCOME STATEMENT | 2023 | 2022 | 2021 | 2020 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Revenue | $643,241 | $544,452 | $221,380 | $3,308 | 19,345% |
| Cost of Goods Sold | -$233,282 | -$847,409 | -$348,430 | -$1,659 | 13,962% |
| Gross Profit | $409,959 | -$302,957 | -$127,050 | $1,649 | 24,761% |
| Other Costs | -$939,788 | -$1,575,267 | -$1,062,206 | -$904,867 | 4% |
| Taxes Paid | $0 | $0 | $0 | $0 | — |
| Net Income | -$529,829 | -$1,878,224 | -$1,189,256 | -$903,218 | -41% |
| BALANCE SHEET | 2023 | 2022 | 2021 | 2020 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Cash | $66,166 | $234,549 | $74,226 | $209,331 | -68% |
| Accounts Receivable | $55,292 | $4,000 | $5,010 | $18,032 | 207% |
| Total Liquidity | $121,458 | $238,549 | $79,236 | $227,363 | -47% |
| Other Assets | $1,914,256 | $2,223,957 | $2,942,918 | $2,473,549 | -23% |
| Total Assets | $2,035,714 | $2,462,505 | $3,022,154 | $2,700,912 | -25% |
| Short Term debt | $347,145 | $171,316 | $1,209,172 | $567,680 | -39% |
| Long Term debt | $3,148,944 | $3,231,312 | $1,224,880 | $372,157 | 746% |
| Total Debt | $3,496,089 | $3,402,628 | $2,434,052 | $939,837 | 272% |
| Other Liabilities | -$1,460,376 | -$940,123 | $588,102 | $1,761,075 | -183% |
| Total Liabilities | $2,035,714 | $2,462,505 | $3,022,154 | $2,700,912 | -25% |
| INCOME STATEMENT | 2023 | 2022 | 2021 | 2020 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Revenue | $643,241 | $544,452 | $221,380 | $3,308 | 19,345% |
| Cost of Goods Sold | -$233,282 | -$847,409 | -$348,430 | -$1,659 | 13,962% |
| Gross Profit | $409,959 | -$302,957 | -$127,050 | $1,649 | 24,761% |
| Other Costs | -$939,788 | -$1,575,267 | -$1,062,206 | -$904,867 | 4% |
| Taxes Paid | $0 | $0 | $0 | $0 | — |
| Net Income | -$529,829 | -$1,878,224 | -$1,189,256 | -$903,218 | -41% |
| BALANCE SHEET | 2023 | 2022 | 2021 | 2020 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Cash | $66,166 | $234,549 | $74,226 | $209,331 | -68% |
| Accounts Receivable | $55,292 | $4,000 | $5,010 | $18,032 | 207% |
| Total Liquidity | $121,458 | $238,549 | $79,236 | $227,363 | -47% |
| Other Assets | $1,914,256 | $2,223,957 | $2,942,918 | $2,473,549 | -23% |
| Total Assets | $2,035,714 | $2,462,505 | $3,022,154 | $2,700,912 | -25% |
| Short Term debt | $347,145 | $171,316 | $1,209,172 | $567,680 | -39% |
| Long Term debt | $3,148,944 | $3,231,312 | $1,224,880 | $372,157 | 746% |
| Total Debt | $3,496,089 | $3,402,628 | $2,434,052 | $939,837 | 272% |
| Other Liabilities | -$1,460,376 | -$940,123 | $588,102 | $1,761,075 | -183% |
| Total Liabilities | $2,035,714 | $2,462,505 | $3,022,154 | $2,700,912 | -25% |
| INCOME STATEMENT | 2023 | 2022 | 2021 | 2020 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Revenue | $643,241 | $544,452 | $221,380 | $3,308 | 19,345% |
| Cost of Goods Sold | -$233,282 | -$847,409 | -$348,430 | -$1,659 | 13,962% |
| Gross Profit | $409,959 | -$302,957 | -$127,050 | $1,649 | 24,761% |
| Other Costs | -$939,788 | -$1,575,267 | -$1,062,206 | -$904,867 | 4% |
| Taxes Paid | $0 | $0 | $0 | $0 | — |
| Net Income | -$529,829 | -$1,878,224 | -$1,189,256 | -$903,218 | -41% |
| BALANCE SHEET | 2023 | 2022 | 2021 | 2020 | TOTAL GROWTH |
|---|---|---|---|---|---|
| Cash | $66,166 | $234,549 | $74,226 | $209,331 | -68% |
| Accounts Receivable | $55,292 | $4,000 | $5,010 | $18,032 | 207% |
| Total Liquidity | $121,458 | $238,549 | $79,236 | $227,363 | -47% |
| Other Assets | $1,914,256 | $2,223,957 | $2,942,918 | $2,473,549 | -23% |
| Total Assets | $2,035,714 | $2,462,505 | $3,022,154 | $2,700,912 | -25% |
| Short Term debt | $347,145 | $171,316 | $1,209,172 | $567,680 | -39% |
| Long Term debt | $3,148,944 | $3,231,312 | $1,224,880 | $372,157 | 746% |
| Total Debt | $3,496,089 | $3,402,628 | $2,434,052 | $939,837 | 272% |
| Other Liabilities | -$1,460,376 | -$940,123 | $588,102 | $1,761,075 | -183% |
| Total Liabilities | $2,035,714 | $2,462,505 | $3,022,154 | $2,700,912 | -25% |
Indicators
Profit Margin
-82.4%
(262.6%)
2022: -345%
Current Ratio
5.86
(-59.2%)
2022: 14.37
Efficiency Ratio
36.3%
(-76.7%)
2022: 155.6%
Key figures
| INCOME STATEMENT | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| Revenue Growth | 18% | ∞ | 6,592% | ∞ |
| Profit Margin | -82% | -345% | -537% | -27,304% |
| Current Ratio | 6% | 14% | 2% | 5% |
| Efficiency Ratio | 36% | 156% | 157% | 50% |
| Solvency Ratio | -15% | -55% | -49% | -96% |
| Debt Ratio | 172% | 138% | 80% | 35% |
Funding History
1 Funding Round
$829,187Total Raised
—CF Valuation
—Valuation Growth
| ROUND | STATUS | CLOSE DATE | RAISED | PLATFORM | SECURITY | TERMS | GROWTH | REGULATION | DAYS OPEN | START DATE |
|---|---|---|---|---|---|---|---|---|---|---|
1. Closed | Closed | Apr 30, 2023 | $829,187 | Wefunder | Convertible | — | — | SEC Reg CF | 351 days | May 14, 2022 |
