Thu, May 1, 2:16 PM (12 days ago)
### Vocodia Holdings Corp (VHAI) - Financial Summary **Financial Performance:** - **Revenue:** $50,078,000 in 2024, down from $256,385,000 in 2023. - **Net Income:** Significant losses of $10,027,091,000 in 2024 and $8,711,203,000 in 2023. - **Operating Expenses:** $5,844,505,000 in 2024, slightly up from $5,791,209,000 in 2023. - **Earnings per Share:** Basic and diluted loss per common share was $0.02 in 2024 and $2.24 in 2023. **Strategic Overview:** - **Business Model:** Vocodia is a conversational AI technology provider, focusing on increasing sales and driving conversions. - **Market Position:** Operates as a single segment, providing AI technology primarily in the U.S. **Future Outlook:** - **Funding Needs:** The company faces substantial doubt about its ability to continue as a going concern due to recurring losses and negative cash flows. It relies on additional capital through equity or debt financing. - **Legal and Regulatory:** The company is involved in several legal proceedings, which could impact its financial condition and results of operations. **Risk Factors:** - **Financial Health:** Significant accumulated deficit and negative working capital. - **Operational Risks:** Dependence on additional financing and the success of technology development. - **Legal Risks:** Ongoing litigation and potential liabilities. **Financial Condition:** - **Assets:** Total assets of $97,982,000 in 2024, down from $4,459,346,000 in 2023. - **Liabilities:** Total liabilities of $2,241,525,000 in 2024, down from $8,126,916,000 in 2023. - **Shareholders' Equity:** Significant deficit of $2,143,543,000 in 2024, down from $3,667,570,000 in 2023. **Market Position Changes:** - **Stock Performance:** The company's stock is traded on the OTC Markets under the ticker VHAI. - **Shareholder Base:** 300,213,026 shares of common stock outstanding as of December 31, 2024. **Amendment Details:** - **Changes Made:** The amendment corrected draft consent and opinion letters from the auditor and updated the filing date. - **Impact:** No changes to previously reported financial results or events occurring after the original filing date. **Ticker:** VHAI