MicroSilicon

MicroSilicon

Early Stage

Sensor Technology for Energy Transformation

Sensor Technology for Energy Transformation

Overview

Raised this Round: Raised: $207,422

Total Commitments ($USD)

Platform

StartEngine

Start Date

07/25/2022

Close Date

02/06/2023

Min. Goal
$10,000
Max. Goal
$1,069,999
Min. Investment

$260

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.20

Pre-Money Valuation

$18,591,217

Year Founded

2015

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

High

Capital Intensity

High

Location

Houston, Texas

Business Type

Growth

MicroSilicon, with a valuation of $18.6 million, is raising funds on StartEngine. The company has developed a platform to improve the operational efficiency of chemical use and dosage for oil extraction. The digital flow assurance platform uses sensor technology for energy transformation and aims to make traditional oil and gas production sustainable. MicroSilicon has generated $1.6 million in revenue to date and has $1 million of contracts in the pipeline with top oil producers, including Abu Dhabi National Oil Company. Omar Kulbrandstad and Aydin Babakhani founded MicroSilicon in February 2015. The current crowdfunding campaign has a minimum target of $9,999.60 and a maximum target of $1,069,998.80. The campaign proceeds will be used to develop additional technology and expand.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$207,633

$326,262

COGS

$24,217

$137,237

Tax

$0

$0

 

 

Net Income

$-352,326

$-405,031

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$109,806

$161,592

Accounts Receivable

$89,000

$64,080

Total Assets

$450,023

$490,344

Short-Term Debt

$138,061

$237,515

Long-Term Debt

$583,168

$145,000

Total Liabilities

$721,229

$382,515

Financials as of: 07/25/2022
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MicroSilicon on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $18,591,217
Price per Share: $5.20

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Follow MicroSilicon on StartEngine 2022

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