Vocodia Holdings Corp. Files Q1 2024 10-Q Report

TL;DR

Vocodia Holdings Corp. filed its Q1 2024 10-Q, check financials.

AI Summary

Vocodia Holdings Corp. filed its quarterly report on Form 10-Q for the period ended March 31, 2024. The company, incorporated in Wyoming and headquartered in Boca Raton, Florida, operates in computer programming services. The filing details its financial performance and operational status for the first quarter of 2024.

Why It Matters

This filing provides investors and stakeholders with an update on Vocodia Holdings Corp.'s financial health and operational progress during the first quarter of 2024.

Risk Assessment

Risk Level: low — This is a standard quarterly filing providing financial and operational updates, not indicating immediate high risk.

Key Players & Entities

• Vocodia Holdings Corp (company) — Registrant
• March 31, 2024 (date) — Quarterly period end date
• 001-41963 (other) — Commission File Number
• Wyoming (location) — State of incorporation
• Boca Raton, Florida (location) — Principal executive offices
• 7371 (other) — Standard Industrial Classification Code

FAQ

Key Financial Figures

• $0.001 — ich registered Common Stock, par value $0.001 per share VHAI CBOE BZX Exchange, Inc.
• $0.0001 — had 56,501,381 shares of common stock, $0.0001 par value per share, outstanding. Tabl

Filing Documents

• ea0205865-10q_vocodia.htm (10-Q) — 698KB
• ea020586501ex31-1_vocodia.htm (EX-31.1) — 14KB
• ea020586501ex31-2_vocodia.htm (EX-31.2) — 14KB
• ea020586501ex32-1_vocodia.htm (EX-32.1) — 6KB
• ea020586501ex32-2_vocodia.htm (EX-32.2) — 5KB
• image_001.jpg (GRAPHIC) — 15KB
• 0001213900-24-045429.txt ( ) — 4869KB
• vhai-20240331.xsd (EX-101.SCH) — 50KB
• vhai-20240331_cal.xml (EX-101.CAL) — 35KB
• vhai-20240331_def.xml (EX-101.DEF) — 267KB
• vhai-20240331_lab.xml (EX-101.LAB) — 450KB
• vhai-20240331_pre.xml (EX-101.PRE) — 265KB
• ea0205865-10q_vocodia_htm.xml (XML) — 481KB

Management's Discussion and Analysis of Financial

Management's Discussion and Analysis of Financial Condition and Results of Operations 16 Item 3.

Quantitative and Qualitative Disclosures About Market

Quantitative and Qualitative Disclosures About Market Risk 23 Item 4.

Controls and Procedures

Controls and Procedures 23 PART II. OTHER INFORMATION 24 Item 1.

Legal Proceedings

Legal Proceedings 24 Item 1A.

Risk Factors

Risk Factors 24 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 24 Item 3. Defaults Upon Senior Securities 24 Item 4. Mine Safety Disclosures 24 Item 5. Other Information 24 Item 6. Exhibits 25

Signatures

Signatures 26 i PART I—FINANCIAL INFORMATION Vocodia Holdings Corp Condensed Consolidated Balance Sheets March 31, December 31, 2024 2023 ASSETS Current Assets Cash and cash equivalents $ 2,696,858 $ - Prepaid expenses and other current assets 321,234 12,770 Total Current Assets 3,018,092 12,770 Non-Current Assets Property and equipment, net 21,787 23,267 Right-of-use assets 291,621 316,310 Deferred offering costs - 4,085,726 Other assets 21,273 21,273 Total Non-Current Assets 334,681 4,446,576 TOTAL ASSETS $ 3,352,773 $ 4,459,346 LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT) Current Liabilities Accounts payable and accrued expenses $ 2,090,578 $ 2,058,533 Contract liabilities 15,950 15,950 Related party payable 76,368 76,368 Note payable - 25,000 Convertible notes payable, net - 3,688,566 Derivative liability - 1,922,879 Operating lease liability, current portion 106,833 106,833 Total Current Liabilities 2,289,729 7,894,129 Non-current Liability Operating lease liability, less current portion 206,986 232,787 Total Non-Current Liability 206,986 232,787 TOTAL LIABILITIES 2,496,715 8,126,916 Shareholders' Equity (Deficit) Preferred stock, $ 0.0001 par value; 24,000,000 shares authorized; Series A Preferred Stock, 4,000,000 shares designated, $ 0.0001 par value; 4,000,000 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 400 400 Series B Preferred Stock, 3,000 shares designated, $ 0.0001 par value; 0 and 1,305 shares issued and outstanding, as of March 31, 2024 and December 31, 2023, respectively - - Common stock, $ 0.0001 par value: 476,000,000 shares authorized; 17,191,993 and 4,234,747 shares issued and outstanding, as of March 31, 2024 and December 31, 2023, respectively 1,719 423 Additional paid-in capital 98,307,479 86,839,777 Accumulated deficit ( 97,453,540 ) ( 90,508,170 ) Total shareholders' eq

Financial Statements and disclosures included within Notes to Condensed Consolidated Financial

Financial Statements and disclosures included within Notes to Condensed Consolidated Financial In December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures," which requires disaggregated information about a reporting entity's effective tax rate reconciliation as well as information on income taxes paid. The guidance is effective for the Company's fiscal years beginning after February 1, 2025, with early adoption permitted. The Company does not expect the adoption of this standard to have any material impact on its financial statements. NOTE 3 – PROPERTY AND EQUIPMENT As of March 31, 2024 and December 31, 2023, property and equipment consisted of the following: March 31, December 31, 2024 2023 Furniture and Fixtures $ 27,877 $ 27,877 Computer Equipment 9,684 9,684 Total Property and Equipment 37,561 37,561 Less: accumulated depreciation and amortization ( 15,774 ) ( 14,294 ) Property and Equipment, net $ 21,787 $ 23,267 During the three months ended March 31, 2024 and 2023, depreciation expense relating to property a

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View this 10-Q filing on SEC EDGAR