AUDDIA INC.
Business
Auddia Inc. is an AI-driven audio technology company that operates faidr, a mobile app enabling ad-free and personalized listening of AM/FM radio and podcasts, and Discovr Radio, a B2B music-promotion platform for artists and labels to place tracks into radio streams. The company shifted from a direct-to-consumer subscription model to a B2B SaaS model targeting emerging and independent artists seeking radio exposure. faidr is available on iOS and Android app stores; Discovr Radio launched in January 2026 as a web-based artist portal with an AI-powered song-placement engine.
Summary from 10-K filed 2026-03-06
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | |
| Direct cost of services | 221,672 | 202,950 | 181,679 | 180,690 | 190,187 | |
| Sales and marketing | 829,415 | 860,677 | 1 | 2 | 740,652 | |
| Research and development | 1 | 1 | 781,017 | 654,879 | 399,521 | |
| General and administrative | 3 | 4 | 4 | 3 | 4 | |
| Restructuring | 1 | 0 | — | — | — | |
| Depreciation and amortization | 2 | 2 | 2 | 991,639 | 166,656 | |
| Total operating expenses | 8 | 8 | 7 | 7 | 6 | |
| Loss from operations | −8 | −8 | −7 | −7 | −6 | |
| Interest expense | 4,409 | −172,512 | −1 | — | — | |
| Change in fair value of warrants | 0 | −632,388 | 0 | — | — | |
| Total other income/(expense) | 4,409 | −804,900 | −1 | −173,026 | −8 | |
| Loss before income taxes | −8 | −9 | −9 | −7 | −13 | |
| Provision for income taxes | 0 | 0 | 0 | 0 | 0 | |
| Net loss | −8 | −9 | −9 | −7 | −13 | |
| Net loss per share attributable to common stockholders, Basic | −5.6 | −57.69 | −12.93 | −13.79 | −1.3 | |
| Net loss per share attributable to common stockholders, Diluted | −5.6 | −57.69 | −12.93 | −13.79 | −1.3 | |
| Weighted average common shares outstanding, Basic | 1 | 151,194 | 681,229 | 500,095 | 10 | |
| Weighted average common shares outstanding, Diluted | 1 | 151,194 | 681,229 | 500,095 | 10 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 3 | 3 | 804,556 | — | — | |
| Accounts receivable, net | 321 | 353 | 494 | 137 | 87 | |
| Prepaid assets | 99,829 | 45,667 | 50,608 | — | — | |
| Other current assets | 10,039 | 10,039 | 7,150 | — | — | |
| Total current assets | 3 | 3 | 862,808 | 2 | 6 | |
| Property and equipment, net of accumulated depreciation | 6,670 | 12,281 | 18,099 | 41,080 | 72,766 | |
| Intangible assets, net of accumulated amortization | 25,785 | 3,416 | 3,947 | — | — | |
| Software development costs, net of accumulated amortization | 2 | 2 | 3 | 4 | 3 | |
| Operating lease right of use asset | 44,392 | 74,257 | 0 | — | — | |
| Deferred offering costs | 219,615 | 137,766 | 170,259 | 222,896 | 0 | |
| Total non-current assets | 2 | 3 | 4 | 4 | 3 | |
| Total assets | 5 | 5 | 4 | 6 | 10 | |
| Accounts payable and accrued liabilities | 853,354 | 507,663 | 911,664 | 324,138 | 223,196 | |
| Notes payable | 60,520 | 0 | 3 | 2 | 0 | |
| Current portion of operating lease liability | 38,612 | 28,405 | 0 | — | — | |
| Stock awards liability | 0 | 14,852 | 45,964 | 161,349 | 0 | |
| Total current liabilities | 952,486 | 550,920 | 4 | 2 | 223,196 | |
| Non-current operating lease liability | 14,475 | 53,088 | 0 | — | — | |
| Total liabilities | 966,961 | 604,008 | 4 | 2 | — | |
| Commitments and contingencies (Note 5) | — | — | — | — | — | |
| Common stock - $0.001 par value, 100,000,000 authorized and 3,101,423 and 397,731 shares issued and outstanding as of December 31, 2025 and 2024, respectively (1) | 3,101 | 398 | 854 | 506 | 12,416 | |
| Additional paid-in capital | 102 | 94 | 81 | 76 | 74 | |
| Accumulated deficit | −97 | −89 | −81 | −72 | −65 | |
| Total shareholders' equity | 4 | 5 | 420,420 | 4 | 9 | |
| Total liabilities and shareholders' equity | 5 | 5 | 4 | 6 | 10 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 2 | 2 | 2 | 991,639 | 166,656 | |
| Share-based compensation expense | 205,875 | 736,797 | 1 | 1 | 1 | |
| Amortization of ROU asset | 29,865 | 21,054 | 0 | — | — | |
| Loss on disposal of asset | 2,992 | 0 | — | — | — | |
| Accounts receivable | 32 | 141 | −357 | −50 | 41 | |
| Prepaid assets | −54,161 | 4,941 | −2,802 | — | — | |
| Other current assets | 0 | −2,886 | −7,150 | — | — | |
| Accounts payable and accrued liabilities | 345,691 | 199,882 | 565,292 | 12,220 | −955,516 | |
| Lease liabilities | −28,406 | −13,820 | 0 | — | — | |
| Net cash used in operating activities | −6 | −5 | −5 | −5 | −5 | |
| Purchase of property and equipment | −1,951 | −12,198 | — | — | — | |
| Software capitalization | −852,171 | −992,147 | −1 | −2 | −1 | |
| Intangibles capitalization | −23,596 | 0 | — | — | — | |
| Net cash used in investing activities | −877,718 | −1 | −1 | −2 | −2 | |
| Offering costs | −196,511 | −192,135 | 0 | — | — | |
| Proceeds from note payable | 60,520 | 0 | — | — | — | |
| Net settlement of share-based compensation liability | 0 | −31,112 | −87,628 | 0 | — | |
| Repayments of related party debt | 0 | −3 | 0 | 0 | −299,198 | |
| Proceeds from issuance of preferred shares, net of issuance costs | 700,000 | 2 | 0 | — | — | |
| Proceeds from issuance of common shares, net of issuance costs | 6 | 9 | 4 | 0 | 20 | |
| Net settlement related to restricted stock units | 727 | 12,896 | 0 | — | — | |
| Warrant exercises | 27 | 0 | — | — | — | |
| Net cash provided by financing activities | 7 | 8 | 5 | 2 | 13 | |
| Net increase in cash | 480,666 | 2 | −856,878 | −5 | 6 | |
| Cash paid for interest | 7,043 | 1,045 | 6,000 | 7,082 | 66,412 | |
| Cash paid for taxes | 0 | 0 | 0 | — | — | |
| Reclassification of deferred offering costs | 114,662 | 64,993 | — | — | — | |
| Issuance of warrants in connection with related party debt | 0 | 911,384 | — | — | — | |
| Capitalized dividends | 161,710 | 163,068 | 0 | — | — | |
| Right of use asset and assumption of operating lease liability | 0 | 95,311 | 0 | — | — | |
| Dividends and preferred stock converted to common stock | 539 | 0 | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is AUDDIA INC.'s CIK number?
AUDDIA INC.'s SEC CIK number is 0001554818 (1554818). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find AUDDIA INC.'s SEC filings?
All of AUDDIA INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.