Data / Crowdfunding / Texas / ChipMonk Inc.
ChipMonk Inc.: crowdfunding raise on NEXTSEED SECURITIES, LLC, $75,000 to $150,000 (2020)
ChipMonk Inc., a corporation in Houston, TX, filed a Form C with the SEC on July 1, 2020 to raise $75,000 to $150,000 in Convertible Note through NEXTSEED SECURITIES, LLC. The offering closed on August 31, 2020. In its most recent fiscal year it reported $342,860 in revenue and a net loss of $103,498, with 7 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- chipmonkbaking.com
- Funding portal
- NEXTSEED SECURITIES, LLC
- Address
- 3042 Antoine Drive, Houston, TX 77092
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- February 7, 2019
- SEC CIK
- 0001811697
Offering terms
From the offering filed July 1, 2020.
- Security
- Convertible Note
- Target
- $75,000
- Maximum
- $150,000
- Deadline
- August 31, 2020
- Portal compensation
- 7% of the total Offering Amount; provided that NextSeed will only charge 5% of the amount raised from investors that were introduced by the Issuer.
Financials
From the Form C-AR filed April 30, 2021.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $342,860 | $70,143 | sec.gov |
| Cost of goods sold | $221,693 | $48,243 | sec.gov |
| Net income | $-103,498 | $-10,170 | sec.gov |
| Taxes paid | $2,623 | $0 | sec.gov |
| Total assets | $334,958 | $20,372 | sec.gov |
| Cash | $107,470 | $16,171 | sec.gov |
| Accounts receivable | $3,738 | $0 | sec.gov |
| Short-term debt | $1,522 | $5,566 | sec.gov |
| Long-term debt | $421,534 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 30, 2021 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 30, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| August 5, 2020 | Progress update | $75,000 | $150,000 | August 31, 2020 | Issuer raised $150,000. | sec.gov |
| July 1, 2020 | Offering | $75,000 | $150,000 | August 31, 2020 | sec.gov |
Updated April 30, 2021. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.