AUDDIA INC
For the period ended Sep 30, 2024. Filed Nov 7, 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.
Sep 30, 2024 · Filed Nov 7, 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
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $3,773,827 | $804,556 |
| Accounts receivable, net | 292 | 494 |
| Prepaid assets | 63,823 | 50,608 |
| Other current assets | 10,039 | 7,150 |
| Total current assets | 3,847,981 | 862,808 |
| Non-current assets: | ||
| Property and equipment, net of accumulated depreciation | 14,228 | 18,099 |
| Intangible assets, net of accumulated amortization | 3,482 | 3,947 |
| Software development costs, net of accumulated amortization | 2,678,716 | 3,347,935 |
| Operating lease right of use asset | 81,386 | – |
| Deferred offering costs | 65,905 | 170,259 |
| Total non-current assets | 2,843,717 | 3,540,240 |
| Total assets | $6,691,698 | $4,403,048 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued liabilities | $441,726 | $911,664 |
| Notes payable to related party, net of debt issuance costs | – | 3,025,000 |
| Current portion of operating lease liability | 23,374 | – |
| Stock awards liability | 26,276 | 45,964 |
| Total current liabilities | 491,376 | 3,982,628 |
| Non-current operating lease liability | 63,654 | – |
| Total liabilities | 555,030 | 3,982,628 |
| Commitments and contingencies (Note 5) | – | |
| Shareholders' equity: | ||
| Series B Preferred stock - $0.001 par value, 2,314 and 0 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | 2 | – |
| Common stock - $0.001 par value, 100,000,000 authorized and 5,673,675 and 854,162 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | 5,674 | 854 |
| Additional paid-in capital | 93,237,155 | 80,962,896 |
| Accumulated deficit | (87,106,163) | (80,543,330) |
| Total shareholders' equity | 6,136,668 | 420,420 |
| Total liabilities and shareholders' equity | $6,691,698 | $4,403,048 |
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