MicroSilicon
Early Stage
Sensor Technology for Energy Transformation
Overview
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
Price Per Share
$5.20
Pre-Money Valuation
$18,591,217
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/27/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,064
# of Investors
144
Momentum
Funded
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Year Founded
2015
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
High
Capital Intensity
High
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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