About
HoldOn is a sustainable household goods company that makes nontoxic, plant-based products to reduce environmental pollution.
- Santa Monica, United States of America
- Legal Name: Holdon BAGs, INC.
- Company ID: 87-4646848
- Year Founded: 2021
- Industry: Retail
- Website: https://holdonbags.com/
- SEC Filings
Highlights
$15M
CF Valuation
$103.5K
Total Raised
$3.1M
Revenue
3
Employees
Indicators
Profit Margin
-55%
(91.3%)
2022: -146.3%
Current Ratio
1.46
(-30.1%)
2022: 2.09
Revenue Growth
Financials
| INCOME STATEMENT | 2023 | 2022 | 2021 | TOTAL GROWTH |
|---|---|---|---|---|
| Revenue | $3,133,281 | $858,131 | — | 265% |
| Cost of Goods Sold | -$1,260,838 | -$321,391 | — | 292% |
| Gross Profit | $1,872,443 | $536,740 | — | 249% |
| Other Costs | -$3,596,504 | -$1,791,820 | — | 101% |
| Taxes Paid | $0 | $0 | — | — |
| Net Income | -$1,724,061 | -$1,255,080 | — | 37% |
| BALANCE SHEET | 2023 | 2022 | 2021 | TOTAL GROWTH |
|---|---|---|---|---|
| Cash | $168,148 | $691,448 | — | -76% |
| Accounts Receivable | $162,335 | $0 | — | — |
| Total Liquidity | $330,483 | $691,448 | — | -52% |
| Other Assets | $761,336 | $257,348 | — | 196% |
| Total Assets | $1,091,818 | $948,796 | — | 15% |
| Short Term debt | $745,276 | $453,876 | — | 64% |
| Long Term debt | $918,846 | $1,250,000 | — | -26% |
| Total Debt | $1,664,122 | $1,703,876 | — | -2% |
| Other Liabilities | -$572,304 | -$755,080 | — | -24% |
| Total Liabilities | $1,091,818 | $948,796 | — | 15% |
Revenue Growth
Employee Growth
Valuation Growth
Financials
| INCOME STATEMENT | 2023 | 2022 | 2021 | TOTAL GROWTH |
|---|---|---|---|---|
| Revenue | $3,133,281 | $858,131 | — | 265% |
| Cost of Goods Sold | -$1,260,838 | -$321,391 | — | 292% |
| Gross Profit | $1,872,443 | $536,740 | — | 249% |
| Other Costs | -$3,596,504 | -$1,791,820 | — | 101% |
| Taxes Paid | $0 | $0 | — | — |
| Net Income | -$1,724,061 | -$1,255,080 | — | 37% |
| BALANCE SHEET | 2023 | 2022 | 2021 | TOTAL GROWTH |
|---|---|---|---|---|
| Cash | $168,148 | $691,448 | — | -76% |
| Accounts Receivable | $162,335 | $0 | — | — |
| Total Liquidity | $330,483 | $691,448 | — | -52% |
| Other Assets | $761,336 | $257,348 | — | 196% |
| Total Assets | $1,091,818 | $948,796 | — | 15% |
| Short Term debt | $745,276 | $453,876 | — | 64% |
| Long Term debt | $918,846 | $1,250,000 | — | -26% |
| Total Debt | $1,664,122 | $1,703,876 | — | -2% |
| Other Liabilities | -$572,304 | -$755,080 | — | -24% |
| Total Liabilities | $1,091,818 | $948,796 | — | 15% |
| INCOME STATEMENT | 2023 | 2022 | 2021 | TOTAL GROWTH |
|---|---|---|---|---|
| Revenue | $3,133,281 | $858,131 | — | 265% |
| Cost of Goods Sold | -$1,260,838 | -$321,391 | — | 292% |
| Gross Profit | $1,872,443 | $536,740 | — | 249% |
| Other Costs | -$3,596,504 | -$1,791,820 | — | 101% |
| Taxes Paid | $0 | $0 | — | — |
| Net Income | -$1,724,061 | -$1,255,080 | — | 37% |
| BALANCE SHEET | 2023 | 2022 | 2021 | TOTAL GROWTH |
|---|---|---|---|---|
| Cash | $168,148 | $691,448 | — | -76% |
| Accounts Receivable | $162,335 | $0 | — | — |
| Total Liquidity | $330,483 | $691,448 | — | -52% |
| Other Assets | $761,336 | $257,348 | — | 196% |
| Total Assets | $1,091,818 | $948,796 | — | 15% |
| Short Term debt | $745,276 | $453,876 | — | 64% |
| Long Term debt | $918,846 | $1,250,000 | — | -26% |
| Total Debt | $1,664,122 | $1,703,876 | — | -2% |
| Other Liabilities | -$572,304 | -$755,080 | — | -24% |
| Total Liabilities | $1,091,818 | $948,796 | — | 15% |
| INCOME STATEMENT | 2023 | 2022 | 2021 | TOTAL GROWTH |
|---|---|---|---|---|
| Revenue | $3,133,281 | $858,131 | — | 265% |
| Cost of Goods Sold | -$1,260,838 | -$321,391 | — | 292% |
| Gross Profit | $1,872,443 | $536,740 | — | 249% |
| Other Costs | -$3,596,504 | -$1,791,820 | — | 101% |
| Taxes Paid | $0 | $0 | — | — |
| Net Income | -$1,724,061 | -$1,255,080 | — | 37% |
| BALANCE SHEET | 2023 | 2022 | 2021 | TOTAL GROWTH |
|---|---|---|---|---|
| Cash | $168,148 | $691,448 | — | -76% |
| Accounts Receivable | $162,335 | $0 | — | — |
| Total Liquidity | $330,483 | $691,448 | — | -52% |
| Other Assets | $761,336 | $257,348 | — | 196% |
| Total Assets | $1,091,818 | $948,796 | — | 15% |
| Short Term debt | $745,276 | $453,876 | — | 64% |
| Long Term debt | $918,846 | $1,250,000 | — | -26% |
| Total Debt | $1,664,122 | $1,703,876 | — | -2% |
| Other Liabilities | -$572,304 | -$755,080 | — | -24% |
| Total Liabilities | $1,091,818 | $948,796 | — | 15% |
| INCOME STATEMENT | 2023 | 2022 | 2021 | TOTAL GROWTH |
|---|---|---|---|---|
| Revenue | $3,133,281 | $858,131 | — | 265% |
| Cost of Goods Sold | -$1,260,838 | -$321,391 | — | 292% |
| Gross Profit | $1,872,443 | $536,740 | — | 249% |
| Other Costs | -$3,596,504 | -$1,791,820 | — | 101% |
| Taxes Paid | $0 | $0 | — | — |
| Net Income | -$1,724,061 | -$1,255,080 | — | 37% |
| BALANCE SHEET | 2023 | 2022 | 2021 | TOTAL GROWTH |
|---|---|---|---|---|
| Cash | $168,148 | $691,448 | — | -76% |
| Accounts Receivable | $162,335 | $0 | — | — |
| Total Liquidity | $330,483 | $691,448 | — | -52% |
| Other Assets | $761,336 | $257,348 | — | 196% |
| Total Assets | $1,091,818 | $948,796 | — | 15% |
| Short Term debt | $745,276 | $453,876 | — | 64% |
| Long Term debt | $918,846 | $1,250,000 | — | -26% |
| Total Debt | $1,664,122 | $1,703,876 | — | -2% |
| Other Liabilities | -$572,304 | -$755,080 | — | -24% |
| Total Liabilities | $1,091,818 | $948,796 | — | 15% |
| INCOME STATEMENT | 2023 | 2022 | 2021 | TOTAL GROWTH |
|---|---|---|---|---|
| Revenue | $3,133,281 | $858,131 | — | 265% |
| Cost of Goods Sold | -$1,260,838 | -$321,391 | — | 292% |
| Gross Profit | $1,872,443 | $536,740 | — | 249% |
| Other Costs | -$3,596,504 | -$1,791,820 | — | 101% |
| Taxes Paid | $0 | $0 | — | — |
| Net Income | -$1,724,061 | -$1,255,080 | — | 37% |
| BALANCE SHEET | 2023 | 2022 | 2021 | TOTAL GROWTH |
|---|---|---|---|---|
| Cash | $168,148 | $691,448 | — | -76% |
| Accounts Receivable | $162,335 | $0 | — | — |
| Total Liquidity | $330,483 | $691,448 | — | -52% |
| Other Assets | $761,336 | $257,348 | — | 196% |
| Total Assets | $1,091,818 | $948,796 | — | 15% |
| Short Term debt | $745,276 | $453,876 | — | 64% |
| Long Term debt | $918,846 | $1,250,000 | — | -26% |
| Total Debt | $1,664,122 | $1,703,876 | — | -2% |
| Other Liabilities | -$572,304 | -$755,080 | — | -24% |
| Total Liabilities | $1,091,818 | $948,796 | — | 15% |
Indicators
Profit Margin
-55%
(91.3%)
2022: -146.3%
Current Ratio
1.46
(-30.1%)
2022: 2.09
Efficiency Ratio
40.2%
(7.2%)
2022: 37.5%
Key figures
| INCOME STATEMENT | 2023 | 2022 | 2021 |
|---|---|---|---|
| Revenue Growth | 265% | ∞ | ∞ |
| Profit Margin | -55% | -146% | 0% |
| Current Ratio | 1% | 2% | ∞ |
| Efficiency Ratio | 40% | 38% | ∞ |
| Solvency Ratio | -104% | -74% | ∞ |
| Debt Ratio | 152% | 180% | ∞ |
Funding History
2 Funding Rounds
$259,770Total Raised
$15,000,000CF Valuation
—Valuation Growth
| ROUND | STATUS | CLOSE DATE | RAISED | PLATFORM | SECURITY | TERMS | GROWTH | REGULATION | DAYS OPEN | START DATE |
|---|---|---|---|---|---|---|---|---|---|---|
2. Open | Open | — | $156,270 | Wefunder | SAFE | $15M cap | — | SEC Reg CF | 80 days | Oct 03, 2024 |
1. Closed | Closed | Apr 29, 2024 | $103,500 | Wefunder | SAFE | — | — | SEC Reg CF | 208 days | Oct 04, 2023 |
