AUDDIA INC
For the period ended Mar 31, 2024. Filed May 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 14, 2024
AUUD$0.48-17.7%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Balance Sheets
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $2,732,538 | $804,556 |
| Accounts receivable, net | 435 | 494 |
| Prepaid insurance | 25,423 | 28,993 |
| Other current assets | 7,150 | 7,150 |
| Total current assets | 2,765,546 | 841,193 |
| Non-current assets: | ||
| Property and equipment, net of accumulated depreciation | 11,605 | 18,099 |
| Intangible assets, net of accumulated amortization | 3,613 | 3,947 |
| Software development costs, net of accumulated amortization | 3,144,405 | 3,347,935 |
| Operating lease right of use asset | 94,246 | – |
| Deferred offering costs | 125,855 | 170,259 |
| Prepaids and other non-current assets | 79,754 | 21,615 |
| Total non-current assets | 3,459,478 | 3,561,855 |
| Total assets | $6,225,024 | $4,403,048 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued liabilities | $1,111,329 | $911,664 |
| Notes payable to related party, net of debt issuance costs | 3,025,000 | 3,025,000 |
| Current portion of operating lease liability | 21,492 | – |
| Stock awards liability | 45,964 | 45,964 |
| Total current liabilities | 4,203,785 | 3,982,628 |
| Non-current operating lease liability | 72,754 | – |
| Total liabilities | 4,276,539 | 3,982,628 |
| Commitments and contingencies (Note 5) | - | - |
| Shareholders' equity: | ||
| Preferred stock - $0.001 par value, 10,000,000 authorized and 0 shares issued and outstanding | – | – |
| Common stock - $0.001 par value, 100,000,000 authorized and 2,194,196 and 854,162 shares issued and outstanding March 31, 2024 and December 31, 2023, respectively | 2,194 | 854 |
| Additional paid-in capital | 84,696,949 | 80,962,896 |
| Accumulated deficit | (82,750,658) | (80,543,330) |
| Total shareholders' equity | 1,948,485 | 420,420 |
| Total liabilities and shareholders' equity | $6,225,024 | $4,403,048 |
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