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Cover - USD ($) | 12 Months Ended | ||
---|---|---|---|
Dec. 31, 2022 | Mar. 10, 2023 | Jun. 30, 2022 | |
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Document Period End Date | Dec. 31, 2022 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2022 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity File Number | 001-40071 | ||
Entity Registrant Name | AUDDIA INC. | ||
Entity Central Index Key | 0001554818 | ||
Entity Tax Identification Number | 45-4257218 | ||
Entity Incorporation, State or Country Code | DE | ||
Entity Address, Address Line One | 2100 Central Ave. | ||
Entity Address, Address Line Two | Suite 200 | ||
Entity Address, City or Town | Boulder | ||
Entity Address, State or Province | CO | ||
Entity Address, Postal Zip Code | 80301 | ||
City Area Code | 303 | ||
Local Phone Number | 219-9771 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | true | ||
Elected Not To Use the Extended Transition Period | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 8,876,258 | ||
Entity Common Stock, Shares Outstanding | 12,850,709 | ||
Auditor Firm ID | 229 | ||
Auditor Name | Daszkal Bolton LLP | ||
Auditor Location | Boca Raton, Florida | ||
Common Stock, par value $0.001 per share | |||
Title of 12(b) Security | Common Stock, par value $0.001 per share | ||
Trading Symbol | AUUD | ||
Security Exchange Name | NASDAQ | ||
Warrants, each exercisable for one share of Common Stock | |||
Title of 12(b) Security | Warrants, each exercisable for one share of Common Stock | ||
Trading Symbol | AUUDW | ||
Security Exchange Name | NASDAQ |
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Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Auddia Inc..
Auddia Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2023 10-K Annual Report includes:
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By creating a platform on which they can make net new and higher margin revenue, we believe that podcasters will promote faidr to their listeners, thus creating a powerful, organic marketing dynamic.
Using these channels in combination, podcasters can maximize revenue generation and exercise higher margin monetization models, beyond basic audio advertising.
The aggregate number of shares of common stock that the Company can sell to White Lion under the White Lion Purchase Agreement (including the Commitment Shares) may in no case exceed 2,501,700 shares of the common stock (which is equal to approximately 19.99% of the shares of the common stock outstanding immediately prior to the execution of the White Lion Purchase Agreement) (the "Exchange Cap"), unless stockholder approval is obtained to issue purchase shares above the Exchange Cap, in which case the Exchange Cap will no longer apply.
We expect that our expenses and capital requirements will increase substantially in connection with our ongoing activities, particularly if and as we: nationally launch our faidr App and as we continue training our proprietary AI technology and make product enhancements; continue to develop and expand our technology and functionality to advance the faidr app; rollout our product on a national basis, which will include increasing our sales and marketing costs related to the promotion of our products.
Cash flows provided by financing activities for the year ended December 31, 2021, increased by $13,251,608 from the prior year, primarily related to $20,041,811 from the issuance of common shares related to our February 2021 IPO.
Total other expense decreased by...Read more
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The decrease was due almost...Read more
We account for costs incurred...Read more
The Company accounts for costs...Read more
If we are unable to...Read more
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34 Effective on February 16,...Read more
We continue to incur direct...Read more
General and administrative expenses decreased...Read more
Cash used in operating activities...Read more
We will continue to incur...Read more
32 General and administrative Our...Read more
Sales and marketing expenses increased...Read more
Our cash flows from operating...Read more
Research and development expenses increased...Read more
We may be unable to...Read more
We historically have incurred significant...Read more
The "Beneficial Ownership Limitation" shall...Read more
We cease capitalization of development...Read more
The Company ceases capitalization of...Read more
No purchase notice shall result...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
Material Contracts, Statements, Certifications & more
Auddia Inc. provided additional information to their SEC Filing as exhibits
Ticker: AUUD
CIK: 1554818
Form Type: 10-K Annual Report
Accession Number: 0001683168-23-001703
Submitted to the SEC: Thu Mar 23 2023 4:14:50 PM EST
Accepted by the SEC: Thu Mar 23 2023
Period: Saturday, December 31, 2022
Industry: Computer Processing And Data Preparation