Private company
C-Bond Systems, Inc
C-Bond Systems, Inc is an American investors company based in Houston, incorporated in Colorado.2
Last updated Oct 21, 2026.
Overview
- IndustryInvestors, NEC2
- HeadquartersHouston, United States2
- Incorporated inCO3
- Business address6035 South Loop East, Houston, Tx 770333
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formFor-Profit Corporation2
- LEI549300AT4ZNI58HTDQ542
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered address1942 Broadway Ste 314C, 80302 Boulder, United States2
- Registered withBusiness Division of the Secretary of State’s office, 200715214382
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Glass Solutions LLC (formerly known as Mobile Tint, LLC), as the context may require.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2023
Where the money goes
Where each dollar of revenue went, fiscal 2023
- Cost of revenue34¢$1.2M
- Interest0¢$5.7K
- Income tax11¢$396.2K
- Profit54¢$1.9M
Out of $2.5M in revenue.6
Financial statements
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenue | $405.4K7 | $382.2K8 | $602.6K9 | $555.9K10 | $1.5M11 | $2.2M6 | $2.5M6 |
| Cost of revenue | $70.0K7 | $83.4K8 | $122.0K9 | $242.5K10 | $657.3K11 | $954.4K6 | $1.2M6 |
| Gross profit | $335.4K7 | $298.9K8 | $480.7K9 | $313.4K10 | $819.5K11 | $1.3M6 | $1.3M6 |
| Research and development | $214.1K7 | $258.3K8 | $31.1K9 | $27510 | $3.2K11 | $06 | $06 |
| Selling, general and admin | $57.1K14 | ||||||
| Operating expenses | $7.8M11 | $4.5M6 | $3.3M6 | ||||
| Operating income | -$8.3M7 | -$9.3M8 | -$6.4M9 | -$4.5M10 | -$7.0M11 | -$3.2M6 | $2.1M6 |
| Interest | $8.0K7 | $53.1K8 | $343.1K9 | $751.2K10 | $283.0K11 | $10.0K6 | $5.7K6 |
| Income tax | -$931.2K10 | -$1.5M11 | -$1.1M6 | $396.2K6 | |||
| Net income | -$8.3M7 | -$9.9M8 | -$7.2M8 | -$4.4M10 | -$7.1M10 | -$5.2M6 | $1.9M6 |
| Earnings per share | -$0.0310 | -$0.0511 | -$0.026 | $0.006 | |||
| Earnings per share (diluted) | -$0.0511 | -$0.026 | $0.006 | ||||
| Shares (weighted, basic) | 254.3M shares11 | 308.1M shares6 | 490.1M shares6 | ||||
| Shares (weighted, diluted) | 254.3M shares11 | 308.1M shares6 | 2.5B shares6 |
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Cash | $46.4K7 | $128.6K15 | $77.2K9 | $323.4K10 | $519.9K11 | $97.1K6 | $736.5K6 |
| Receivables | $269.4K6 | $424.1K6 | |||||
| Inventory | $82.9K11 | $77.4K6 | $181.7K6 | ||||
| Current assets | $92.9K7 | $260.1K8 | $262.6K9 | $536.6K10 | $1.0M11 | $515.4K6 | $1.4M6 |
| Property, plant and equipment | $135.0K11 | $96.3K6 | $171.6K6 | ||||
| Goodwill | $350.5K11 | $350.5K6 | $350.5K6 | ||||
| Intangible assets | $330.4K11 | $279.9K6 | $229.4K6 | ||||
| Total assets | $193.0K7 | $326.4K8 | $372.3K9 | $584.1K10 | $2.1M11 | $1.6M6 | $2.3M6 |
| Accounts payable | $831.6K11 | $779.8K6 | $710.2K6 | ||||
| Current liabilities | $781.2K7 | $1.1M8 | $2.7M9 | $2.0M10 | $2.7M11 | $4.9M6 | $2.7M6 |
| Long-term debt | $251.3K11 | ||||||
| Long-term liabilities | $745.8K11 | $969.0K6 | $1.1M6 | ||||
| Total liabilities | $874.1K7 | $1.1M8 | $2.9M9 | $2.0M10 | $3.4M11 | $5.8M6 | $3.8M6 |
| Retained earnings | -$57.5M11 | -$62.7M6 | -$60.9M6 | ||||
| Shareholders’ equity | -$681.0K8 | -$815.1K9 | -$2.6M9 | -$3.2M10 | -$4.2M11 | -$7.2M6 | -$4.5M6 |
| Shares outstanding | 45.7M shares7 | 80.5M shares8 | 116.7M shares9 | 228.3M shares10 | 282.2M shares11 | 350.3M shares6 | 532.8M shares6 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$1.1M7 | -$2.0M8 | -$1.3M9 | -$1.8M10 | -$1.8M11 | -$1.6M6 | -$1.6M6 |
| Depreciation and amortization | $46.0K11 | $89.2K11 | $88.9K6 | ||||
| Stock-based compensation | $4.1M11 | $1.0M6 | $42.2K6 | ||||
| Capital spending | $3.5K7 | $114.8K6 | |||||
| Free cash flow | -$1.1M | -$1.7M | |||||
| Cash from investing | $301.9K11 | $5.5K6 | $3.9M6 | ||||
| Cash from financing | $1.7M11 | $1.2M6 | -$1.7M6 |
Corporate structure
C-Bond Systems, Inc sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of C-Bond Systems, Inc
- Scott R. Silverman Filed SC 13D on C-Bond Systems, Inc, latest Jan 24, 2023
- Michael Wayne Wanke Filed SC 13G on C-Bond Systems, Inc, latest Mar 11, 2022
- C-Bond Systems, Inc Houston, Texas, United States
- Patriot Glass Solutions LLC (80% owned) Subsidiary · Texas, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What C-Bond Systems, Inc reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $254.2K6 Dec 31, 2023 | $263.9K6 Dec 31, 2022 | −3.7% |
| Accumulated depreciation | $82.6K6 Dec 31, 2023 | $167.6K6 Dec 31, 2022 | −50.7% |
| Property and equipment, net | $171.6K6 Dec 31, 2023 | $96.3K6 Dec 31, 2022 | +78.2% |
| Operating-lease assets (leased space) | $158.5K6 Dec 31, 2023 | $375.4K6 Dec 31, 2022 | −57.8% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $736.5K6 Dec 31, 2023 | $97.1K6 Dec 31, 2022 | +658.5% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $350.5K6 Dec 31, 2023 | $350.5K6 Dec 31, 2022 | 0% |
| Intangible assets, net (excluding goodwill) | $229.4K6 Dec 31, 2023 | $279.9K6 Dec 31, 2022 | −18.0% |
| Indefinite-lived intangibles (excluding goodwill) | $96.3K11 Dec 31, 2022 | $135.0K11 Dec 31, 2021 | −28.7% |
| Finite-lived intangibles, gross | $352.5K6 Dec 31, 2023 | $352.5K6 Dec 31, 2022 | 0% |
| Finite-lived intangibles, net | $129.4K6 Dec 31, 2023 | $179.9K11 Dec 31, 2022 | −28.1% |
| Customer relationships, net | $212.5K11 Dec 31, 2022 | $212.5K11 Dec 31, 2021 | 0% |
Inventory
Leadership
Who has led C-Bond Systems, Inc, and when. Pick a name to see everywhere that person has worked.
Chief financial officer
- Chief executive officerScott R. Silverman May 4, 2018 to May 20, 202416
- Chief executive officerVincent Joseph Alfred Pugliese May 4, 2018 to May 4, 201817
- Chief executive officerBrian L. Klemsz Oct 27, 2011 to Oct 27, 201118
- PresidentAllison F. Tomek Mar 19, 2021 to Jan 4, 202419
- PresidentScott R. Silverman May 4, 2018 to May 4, 201816
- PresidentVincent Joseph Alfred Pugliese Oct 10, 2018 to Jan 20, 202120
- Chief financial officerVincent Joseph Alfred Pugliese May 4, 2018 to Jan 20, 202117
- Chief financial officerBrian L. Klemsz Oct 27, 2011 to Oct 27, 201118
Board members and other officers (7)
- SecretaryJoni K. Troska Oct 27, 2011 to Oct 27, 201121
- Board memberAllison F. Tomek Mar 19, 2021 to Jan 4, 202419
- Board memberBarry M. Edelstein Jun 8, 2018 to Jan 4, 202422
- Board memberScott Viggo Thomsen Jun 8, 2018 to Dec 23, 202023
- Board memberScott R. Silverman Oct 10, 2018 to May 20, 202424
- Board memberVincent Joseph Alfred Pugliese Oct 10, 2018 to Jan 20, 202120
- Board memberBrian L. Klemsz Oct 27, 2011 to Oct 27, 201118
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- WestMountain Alternative Energy IncDec 14, 2007 to Jul 20, 20183
Timeline
- Mar 6, 20258-K Ended a material agreement25
- Feb 4, 20258-K Entered a material agreement; Completed an acquisition or sale; Executive or director change26
- Apr 12, 20248-K Entered a material agreement; New debt or obligation27
- Mar 7, 20248-K Entered a material agreement; New debt or obligation28
- Dec 6, 20238-K Entered a material agreement; New debt or obligation29
- May 12, 20238-K Entered a material agreement; Completed an acquisition or sale30
- Apr 7, 20238-K Entered a material agreement; New debt or obligation31
- Jan 19, 20238-K Entered a material agreement; Unregistered sale of shares; Executive or director change32
- Dec 30, 20228-K Entered a material agreement; New debt or obligation33
- Sep 9, 20228-K Entered a material agreement; New debt or obligation; Unregistered sale of shares34
- Aug 3, 20228-K Entered a material agreement; New debt or obligation; Unregistered sale of shares35
- Jun 29, 20228-K Entered a material agreement; New debt or obligation; Unregistered sale of shares36
- May 4, 2018New chief executive Vincent Joseph Alfred Pugliese becomes CEO17
- May 4, 2018New chief executive Scott R. Silverman becomes CEO16
- Oct 27, 2011New chief executive Brian L. Klemsz becomes CEO18
- Nov 13, 2007Founded C-Bond Systems, Inc is founded2
Filings
53 filings to the SEC since October 2021: 4 annual reports, 10 quarterly reports, 19 major events, 10 insider forms, 2 large holders, 8 other. The latest 20:
- Apr 7, 202515-12G EDGAR
- Mar 6, 20258-K CURRENT REPORT EDGAR
- Feb 4, 20258-K CURRENT REPORT EDGAR
- Nov 14, 202410-Q QUARTERLY REPORT EDGAR
- Nov 8, 2024UPLOAD EDGAR
- Aug 19, 202410-Q QUARTERLY REPORT EDGAR
- Aug 15, 2024NT 10-Q NOTIFICATION OF LATE FILING EDGAR
- May 20, 20244 EDGAR
- May 14, 202410-Q QUARTERLY REPORT EDGAR
- Apr 12, 20248-K CURRENT REPORT EDGAR
- Apr 1, 202410-K ANNUAL REPORT EDGAR
- Mar 7, 20248-K CURRENT REPORT EDGAR
- Jan 4, 20244 EDGAR
- Jan 4, 20244 EDGAR
- Jan 4, 20244 EDGAR
- Dec 6, 20238-K CURRENT REPORT EDGAR
- Nov 14, 202310-Q QUARTERLY REPORT EDGAR
- Aug 14, 202310-Q QUARTERLY REPORT EDGAR
- Jun 27, 2023RW REGISTRATION WITHDRAWAL REQUEST EDGAR
- May 15, 202310-Q QUARTERLY REPORT EDGAR
The 53 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Scott R. SilvermanSC 13D, 1 filing Jan 24, 202337
- Michael Wayne WankeSC 13G, 1 filing Mar 11, 202238
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- PPP loans $156.2K
Figures by year
| Year | PPP loans | Total |
|---|---|---|
| 2020 | $156.2K | $156.2K |
PPP loans
Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA39. Matched to this company by name and state.
- Apr 28, 2020$156.2K PPP loan (first draw) from Comerica Bank39To C-BOND SYSTEMS INC., Houston TX; $96.5K forgiven Nov 3, 2021
SEC filer profile
How C-Bond Systems, Inc is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARC-Bond Systems, Inc1
- CIK0001421636
- Employer ID (EIN)26-13155851
- Filer statusNon-accelerated filer<br>smaller reporting company1
- Incorporated inColorado1
- Fiscal year endsDecember 311
- Industry code (SIC)6799 Investors, NEC1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address6035 South Loop East, Houston, TX 770331
- Phone832-649-56581
- Shares outstanding596,301,757 as of Nov 14, 202413
- Public float$1.3M as of Jun 30, 20236
- On EDGAR sinceDec 14, 20071
- Filings227 in all: 8-K (55), 10-Q (50), 4 (32), 10-K (16), 3 (8), SC 13G (7), UPLOAD (6), 4/A (4)1
All 35 form types
SC 13G/A (4), 8-K/A (3), CORRESP (3), DEF 14C (3), PRE 14C (3), SC 13D (3), SC 13D/A (3), 10-K/A (2), 10-Q/A (2), NT 10-K (2), REGDEX (2), RW (2), S-1 (2), S-8 (2), 10KSB (1), 10KSB/A (1), 10QSB (1), 10QSB/A (1), 15-12G (1), 424B3 (1), 5 (1), 8-A12G (1), D (1), EFFECT (1), NT 10-Q (1), SB-2 (1), SC 14F1 (1)
- Latest filingsAnnual report (10-K) Apr 1, 2024
Quarterly report (10-Q) Nov 14, 2024
Latest 8-K (8-K) Mar 6, 2025
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 19SEC EDGARAllison F. Tomek, President
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- 21SEC EDGARJoni K. Troska, Secretary
- 22SEC EDGARBarry M. Edelstein, Board member
- 23SEC EDGARScott Viggo Thomsen, Board member
- 24SEC EDGARScott R. Silverman, Board member
- 25SEC EDGAREnded a material agreement
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