BOCA RATON, Fla., Oct. 22, 2024 /PRNewswire/ -- Vocodia Holdings Corp (OTCMKTS: VHAI), a leader in AI-driven conversational platforms, has filed and published a provisional patent (US 2024/0340375 A1) for its groundbreaking AI-powered system designed to automate telephony-based interactions. The system uses artificial intelligence and natural language processing (NLP) to manage real-time conversations between machines and humans, responding in under 10 milliseconds."This provisional patent marks a major adv ...

BOCA RATON, Fla., Oct. 18, 2024 /PRNewswire/ -- Vocodia (OTCMKTS: VHAI), a leading innovator in artificial intelligence solutions for communications and business automation, today addressed the recent decline in its stock price and reaffirmed its commitment to increasing shareholder value through strategic partnerships and joint ventures. "We are currently trading at a $2 million market cap, down from $35 million at our IPO. However, this movement is unrelated to the fundamentals or valuation of our technol ...

BOCA RATON, Fla., Sept. 27, 2024 /PRNewswire/ -- Vocodia (OTCMKTS: VHAI), Vocodia Holdings yesterday announced the appointment of John Tabacco, a nationally recognized cable TV host, fintech innovator, and political strategist, as the Chairman of Political and Media. Mr. Tabacco will spearhead Vocodia's strategic initiatives aimed at monetizing the convergence of politics, digital media, and AI technology. In conjunction with yesterday's appointment press release, Mr. Tabacco announced that Vocodia has rece ...

Vocodia Provides Corporate Update and Strategic Path Forward Boca Raton, FL, September 11, 2024 – PRISM MediaWire – Vocodia Holdings Corp. (OTC: VHAI) (the "Company"), a pioneering AI software company specializing in practical AI solutions, is pleased to provide shareholders with an update on its recent progress and outline the company's strategic path forward. As we continue to execute on our long-term growth plan, we are excited about the numerous opportunities ahead, including our goal of securing a NASD ...

Revenue and Cost of Revenue - Revenue decreased by $243,125, or 100%, to $75 for the six months ended June 30, 2024 compared to $243,200 for the same period in 2023, primarily due to the suspension of DISA product sales[90] - Cost of revenue decreased by $127,110, or 69%, to $56,259 for the six months ended June 30, 2024 from $183,369 in 2023, mainly due to reduced DISA deployment costs[91] - Revenues increased by $75 million, representing a 100% growth compared to the previous year[101] Gross Profit and Operating Expenses - Gross profit turned into a loss of $56,184 for the six months ended June 30, 2024, compared to a profit of $59,831 in 2023, primarily due to suspended DISA sales while server expenses continued[92] - Operating expenses increased by $687,058, or 19%, to $4,399,453 for the six months ended June 30, 2024, driven by higher public company costs and software development expenses[95] - Operating expenses increased by $329,201 (26%) to $1,609,883, driven by higher general and administrative expenses and software development costs[102] General and Administrative Expenses - General and administrative expenses surged by $1,676,549, or 217%, to $2,448,256 for the six months ended June 30, 2024, mainly due to public company-related costs[95] - General and administrative expenses rose by $371,150 (80%) to $834,244 due to increased costs related to being a public company[103] Salaries and Wages - Salaries and wages decreased by $1,054,219, or 56%, to $829,307 for the six months ended June 30, 2024, due to staff reductions and lower stock-based compensation[96] - Salaries and wages decreased by $35,938 (7%) to $446,924 due to staff reductions and lower stock-based compensation[103] Research and Development Expenses - Research and development expenses increased by $64,728, or 6%, to $1,121,890 for the six months ended June 30, 2024, driven by investments in next-generation AI platform development[96] - Research and development expenses decreased by $6,011 (2%) to $328,715 due to the elimination of certain software costs[103] - All research and development costs are expensed as incurred, including internal and third-party R&D costs[124] Net Loss and Financial Performance - Net loss widened by $3,163,542, or 59%, to $8,504,362 for the six months ended June 30, 2024 compared to the same period in 2023[89] - The company has a working capital deficiency of $776,256 and total cash of $627,847, raising substantial doubt about its ability to continue as a going concern[106] - Net cash used in operating activities was $4,557,406 for the six months ended June 30, 2024, compared to $1,602,982 in the same period in 2023[109] IPO and Financing Activities - The company completed its IPO on February 26, 2024, raising approximately $5.95 million gross proceeds by offering 1.4 million units at $4.25 per unit[88] - Cash provided by financing activities was $5,187,384, primarily from the sale of common stock units and preferred shares[112] - Current assets increased by $861,157 (6744%) to $873,927, primarily due to the initial public offering[105] - Current liabilities decreased by $6,243,946 (79%) to $1,650,183, mainly due to the settlement of convertible notes and trade liabilities[106] Product Development and Future Plans - The company anticipates launching its improved DISA product in the third quarter of 2024[90] Stock-Based Compensation and Accounting Policies - Stock-based compensation is measured using the fair value-based method and recognized over the vesting period[125] - The Black-Scholes model is used to measure the fair value of stock-based compensation, considering exercise price, expected dividends, volatility, risk-free rate, and expected life of options[126] FASB Updates and Accounting Standards - FASB issued ASU 2020-06, simplifying accounting for convertible instruments, effective for fiscal years beginning after December 15, 2023[127] - The adoption of ASU 2020-06 is not expected to have a material effect on the company's financial statements[128] - FASB issued ASU 2023-07, enhancing segment reporting disclosures, effective for annual periods beginning after December 15, 2023[129] - FASB issued ASU 2023-09, improving income tax disclosures, effective for fiscal years beginning after February 1, 2025[130] - The company does not expect ASU 2023-09 to have a material impact on its financial statements[130] - The company is currently evaluating the impact of ASU 2023-07 on its financial statements and disclosures[129] - As a smaller reporting company, the company is not required to provide certain market risk disclosures[130]

Vocodia Holdings Announces $2.8 million Preferred Stock Purchase Agreement as part of a $3.0 million Capital Raise Boca Raton, FL, August 5, 2024 – Vocodia Holdings Corp (CBOE: VHAI) ("Vocodia" or the "Company") a leader in AI software development focusing on practical AI applications, today announced the execution of a Securities Purchase Agreement (the "SPA") and a Placement Agency Agreement marking a pivotal step in Vocodia's strategic growth initiatives and capital structure optimization. Under the term ...

CHICAGO, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Vocodia Holdings Corp. (CBOE: VHAI), a pioneering AI software company specializing in practical AI solutions, today invites the public to try out one of four groundbreaking Conversational AI demos to see how Vocodia's Digital Intelligent Sales Agents (DISA) actually work. Vocodia's technology platform harnessed the power of conversational AI and is changing the game for contact centers in all industries and today we are inviting you to take a closer look at DISA an ...

CHICAGO, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Vocodia Holdings Corp. (CBOE: VHAI), a pioneering AI software company specializing in practical AI solutions, today invites the public to try out one of four groundbreaking Conversational AI demos to see how Vocodia's Digital Intelligent Sales Agents (DISA) actually work. Vocodia's technology platform harnessed the power of conversational AI and is changing the game for contact centers in all industries and today we are inviting you to take a closer look at DISA an ...

Greg Duffell and Peter Stockmann of Vulcain.ai Join Vocodia Holdings Corp. as Strategic Advisors VOCODIA CHICAGO, July 30, 2024- Vocodia Holdings Corp. (CBOE: VHAI), a pioneering AI software company specializing in practical AI solutions, today announced that Greg Duffell and Peter Stockmann of Vulcain.ai join Vocodia Holdings Corp. as Strategic Advisors, bringing a wealth of global expertise that will help open doors for Vocodia. Brian Podolak, Founder and CEO of Vocodia, commented, "We are excited that Gr ...

Greg Duffell and Peter Stockmann of Vulcain.ai Join Vocodia Holdings Corp. as Strategic Advisors Brian Podolak, Founder and CEO of Vocodia, commented, "We are excited that Greg and Peter will be joining Vocodia as strategic advisors. Each brings with them extensive development and management expertise from the travel and auto industries as well as a wealth of knowledge in Artificial Intelligence applications that will potentially enable us to open doors for some of our verticals in our pipeline. Their addit ...