IP Technologies Inc
View this filing on EDGAR (filing index, accession 0001670254-25-000066) | All Form C filings by this company on EDGAR
Filing details
| Company | IP Technologies Inc | (Form C, issuer information) |
|---|---|---|
| State | DE | (Form C, issuer information) |
| Platform | Wefunder Portal LLC | (Form C, issuer information) |
| Filing date | 2025-02-07 | (EDGAR filing index) |
| Date of incorporation | 2022-08-02 | (Form C, issuer information) |
| Employees | 1 | (Form C, issuer information) |
| Security offered | Other Simple Agreement for Future Equity (SAFE) | (Form C, offering information) |
| Price per security | $1 | (Form C, offering information) |
| Target amount | $50,000 | (Form C, offering information) |
| Maximum ask | $124,000 | (Form C, offering information) |
| Offering deadline | 2025-04-30 | (Form C, offering information) |
| Platform compensation | 6.9% 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. | (Form C, offering information) |
Financial summary
Figures are as entered by the company in the financial summary on the cover of its Form C. They are self-reported and unaudited, and they are not taken from the financial statements filed as exhibits to the Form C, which we do not read mechanically.
| Item | Most recent fiscal year | Prior fiscal year | Source |
|---|---|---|---|
| Revenue | $432,146 | $72,440 | (Form C, financial summary) |
| Cost of goods sold | $355,680 | $44,064 | (Form C, financial summary) |
| Net income | -$25,284 | -$43,807 | (Form C, financial summary) |
| Taxes paid | $500 | $0 | (Form C, financial summary) |
| Cash and equivalents | $221,171 | $156,193 | (Form C, financial summary) |
| Accounts receivable | $0 | $0 | (Form C, financial summary) |
| Total assets | $566,999 | $156,193 | (Form C, financial summary) |
| Short-term debt | $261,090 | $0 | (Form C, financial summary) |
| Long-term debt | $375,000 | $200,000 | (Form C, financial summary) |
Mechanical checks that fired
- Net loss in both years. Net income is negative in both fiscal years reported in the Form C financial summary.
- Debt above assets. Short-term plus long-term debt is larger than total assets in the Form C financial summary.
A check means "read this part of the filing closely." It is not a judgment about how the company will do.
Company website as listed in the Form C: https://ipnote.pro
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