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$0.27-42.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(6,460,181) | $(6,594,656) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Finance charge associated with debt issuance cost | – | 850,688 |
| Depreciation and amortization | 1,473,089 | 1,350,820 |
| Share-based compensation expense | 425,193 | 799,677 |
| Change in fair value of warrants | 632,388 | – |
| Amortization of ROU asset | 13,925 | – |
| Change in assets and liabilities: | ||
| Accounts receivable | 203 | (437) |
| Prepaid assets | (13,215) | (56,705) |
| Other current assets | (2,889) | 4,390 |
| Accounts payable and accrued liabilities | 136,447 | 241,269 |
| Lease liabilities | (8,284) | – |
| Net cash used in operating activities | (3,803,324) | (3,404,954) |
| Cash flows from investing activities: | ||
| Purchase of property and equipment | (12,199) | – |
| Software capitalization | (787,336) | (743,208) |
| Net cash used in investing activities | (799,535) | (743,208) |
| Cash flows from financing activities: | ||
| Offering costs in connection with the issuance of preferred shares | (72,807) | – |
| Net settlement of share-based compensation liability | (19,686) | (80,115) |
| Proceeds from related party debt, net of original issue discount | – | 750,000 |
| Repayments of related party debt | (2,750,000) | – |
| Proceeds from issuance of preferred shares, net of issuance costs | 2,238,575 | – |
| Proceeds from issuance of common shares, net of issuance costs | 8,176,048 | 4,016,521 |
| Net cash provided by financing activities | 7,572,130 | 4,686,406 |
| Net decrease in cash | 2,969,271 | 538,244 |
| Cash, beginning of year | 804,556 | 1,661,434 |
| Cash and restricted cash, end of period | $3,773,827 | $2,199,678 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid for interest | $1,045 | $6,000 |
| Cash paid for taxes | $– | $– |
| Supplemental disclosures of non-cash activity: | ||
| Reclassification of deferred offering costs | $134,354 | $52,637 |
| Capitalized dividends | $102,652 | $– |
| Original issue discount and issuance of warrants on related party debt | $– | $458,004 |
| Issuance of warrants in connection with related party notes | $911,384 | $– |
| Right of use asset and assumption of operating lease liability | $95,311 | $– |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.