Newchip Inc.

CIK: 1686991DEIncorporated: 2016-06-15

Current Offering

$50,000
Target Amount
$1,070,000
Maximum Amount
2018-12-14
Deadline

Security Details

Type: Simple Agreement for Future Equity (SAFE)
Price per share: $1.00
Shares offered: 50,000+

Offering Costs

Cash commission: 5%
5.0% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Equity compensation: 2%
Securities equal to 2.0% of the securities sold will be issued to the intermediary upon a successful fundraise.

Financial Reports

Offering via Wefunder

Offering History

As of 2018-06-21
Raising $50,000 -$1,070,000 via 50,000+ shares of simple Agreement for Future Equity (SAFE) at $1.00 per share
Deadline: 2018-12-14
As of 2018-08-29
Raising $50,000 -$1,070,000 via 50,000+ shares of simple Agreement for Future Equity (SAFE) at $1.00 per share
Deadline: 2018-09-30
As of 2018-09-26
Raising $50,000 -$1,070,000 via 50,000+ shares of simple Agreement for Future Equity (SAFE) at $1.00 per share
Deadline: 2018-10-05
As of 2021-01-22
Raising $100,001 -$534,999 via 48,781+ shares of preferred Class A-3 Stock at $2.75 per share
Deadline: 2021-04-30
As of 2021-02-12
Raising $100,001 -$1,069,998 via 48,781+ shares of preferred Class A-3 Stock at $2.75 per share
Deadline: 2021-04-30
As of 2021-07-12
Raising $100,001 -$4,000,004 via 36,364+ shares of preferred Stock at $4.60 per share
Deadline: 2022-04-30
Filing date2018-06-212021-01-222021-02-122021-07-12
Current employees9444459
Act received most recent fiscal year$0.00$147,438$147,438$283,131
Act received prior fiscal year$0.00$0.00$0.00$147,438
Cash equi most recent fiscal year$240,443$6,280$6,280$109,303
Cash equi prior fiscal year$10,689$208,182$208,182$6,280
Cost goods sold most recent fiscal year$0.00$12,964$12,964$190,490
Cost goods sold prior fiscal year$0.00$0.00$0.00$12,964
Long term debt most recent fiscal year$1,154,240$1,364,202$1,364,202$149,900
Long term debt prior fiscal year$189,028$599,461$599,461$1,364,202
Net income most recent fiscal year-$748,599.00-$840,635.00-$919,180.00-$442,255.00
Net income prior fiscal year-$197,884.00-$2,172,231.00-$2,093,686.00-$919,180.00
Revenue most recent fiscal year$1,000.00$761,080$761,080$2,691,136
Revenue prior fiscal year$0.00$38,380$38,380$761,080
Short term debt most recent fiscal year$31,386$297,233$297,233$655,885
Short term debt prior fiscal year$18,500$132,594$54,049$297,233
Tax paid most recent fiscal year$0.00$0.00$0.00$0.00
Tax paid prior fiscal year$0.00$0.00$0.00$0.00
Total asset most recent fiscal year$240,443$305,238$305,238$567,918
Total asset prior fiscal year$10,689$226,479$226,479$305,238

Financial Reports

Offering via Wefunder

Offering History

As of 2018-06-21
Raising $50,000 -$1,070,000 via 50,000+ shares of simple Agreement for Future Equity (SAFE) at $1.00 per share
Deadline: 2018-12-14
As of 2018-08-29
Raising $50,000 -$1,070,000 via 50,000+ shares of simple Agreement for Future Equity (SAFE) at $1.00 per share
Deadline: 2018-09-30
As of 2018-09-26
Raising $50,000 -$1,070,000 via 50,000+ shares of simple Agreement for Future Equity (SAFE) at $1.00 per share
Deadline: 2018-10-05
As of 2021-01-22
Raising $100,001 -$534,999 via 48,781+ shares of preferred Class A-3 Stock at $2.75 per share
Deadline: 2021-04-30
As of 2021-02-12
Raising $100,001 -$1,069,998 via 48,781+ shares of preferred Class A-3 Stock at $2.75 per share
Deadline: 2021-04-30
As of 2021-07-12
Raising $100,001 -$4,000,004 via 36,364+ shares of preferred Stock at $4.60 per share
Deadline: 2022-04-30
Filing date2018-06-212021-01-222021-02-122021-07-12
Current employees9444459
Act received most recent fiscal year$0.00$147,438$147,438$283,131
Act received prior fiscal year$0.00$0.00$0.00$147,438
Cash equi most recent fiscal year$240,443$6,280$6,280$109,303
Cash equi prior fiscal year$10,689$208,182$208,182$6,280
Cost goods sold most recent fiscal year$0.00$12,964$12,964$190,490
Cost goods sold prior fiscal year$0.00$0.00$0.00$12,964
Long term debt most recent fiscal year$1,154,240$1,364,202$1,364,202$149,900
Long term debt prior fiscal year$189,028$599,461$599,461$1,364,202
Net income most recent fiscal year-$748,599.00-$840,635.00-$919,180.00-$442,255.00
Net income prior fiscal year-$197,884.00-$2,172,231.00-$2,093,686.00-$919,180.00
Revenue most recent fiscal year$1,000.00$761,080$761,080$2,691,136
Revenue prior fiscal year$0.00$38,380$38,380$761,080
Short term debt most recent fiscal year$31,386$297,233$297,233$655,885
Short term debt prior fiscal year$18,500$132,594$54,049$297,233
Tax paid most recent fiscal year$0.00$0.00$0.00$0.00
Tax paid prior fiscal year$0.00$0.00$0.00$0.00
Total asset most recent fiscal year$240,443$305,238$305,238$567,918
Total asset prior fiscal year$10,689$226,479$226,479$305,238

Financial Reports

Offering via Wefunder

Offering History

As of 2018-06-21
Raising $50,000 -$1,070,000 via 50,000+ shares of simple Agreement for Future Equity (SAFE) at $1.00 per share
Deadline: 2018-12-14
As of 2018-08-29
Raising $50,000 -$1,070,000 via 50,000+ shares of simple Agreement for Future Equity (SAFE) at $1.00 per share
Deadline: 2018-09-30
As of 2018-09-26
Raising $50,000 -$1,070,000 via 50,000+ shares of simple Agreement for Future Equity (SAFE) at $1.00 per share
Deadline: 2018-10-05
As of 2021-01-22
Raising $100,001 -$534,999 via 48,781+ shares of preferred Class A-3 Stock at $2.75 per share
Deadline: 2021-04-30
As of 2021-02-12
Raising $100,001 -$1,069,998 via 48,781+ shares of preferred Class A-3 Stock at $2.75 per share
Deadline: 2021-04-30
As of 2021-07-12
Raising $100,001 -$4,000,004 via 36,364+ shares of preferred Stock at $4.60 per share
Deadline: 2022-04-30
Filing date2018-06-212021-01-222021-02-122021-07-12
Current employees9444459
Act received most recent fiscal year$0.00$147,438$147,438$283,131
Act received prior fiscal year$0.00$0.00$0.00$147,438
Cash equi most recent fiscal year$240,443$6,280$6,280$109,303
Cash equi prior fiscal year$10,689$208,182$208,182$6,280
Cost goods sold most recent fiscal year$0.00$12,964$12,964$190,490
Cost goods sold prior fiscal year$0.00$0.00$0.00$12,964
Long term debt most recent fiscal year$1,154,240$1,364,202$1,364,202$149,900
Long term debt prior fiscal year$189,028$599,461$599,461$1,364,202
Net income most recent fiscal year-$748,599.00-$840,635.00-$919,180.00-$442,255.00
Net income prior fiscal year-$197,884.00-$2,172,231.00-$2,093,686.00-$919,180.00
Revenue most recent fiscal year$1,000.00$761,080$761,080$2,691,136
Revenue prior fiscal year$0.00$38,380$38,380$761,080
Short term debt most recent fiscal year$31,386$297,233$297,233$655,885
Short term debt prior fiscal year$18,500$132,594$54,049$297,233
Tax paid most recent fiscal year$0.00$0.00$0.00$0.00
Tax paid prior fiscal year$0.00$0.00$0.00$0.00
Total asset most recent fiscal year$240,443$305,238$305,238$567,918
Total asset prior fiscal year$10,689$226,479$226,479$305,238

Company Information

Corporation
DE
2016-06-15

Latest Metrics

Employees9
Total Assets$240,443
Cash on Hand$240,443
Revenues$1,000.00
Net Income-$748,599.00

Crowdfunding Portals

This company is raising funds through this portal