10 results
10-K
2023 FY
VHAI
Vocodia Holdings Corp
16 Apr 24
Annual report
4:00pm
The tax effects of temporary differences which give rise to the significant portions of deferred tax assets or liabilities are as follows at December 31, 2023 and 2022:
2023 | 2022 | |||||||
Deferred tax assets | ||||||||
Net Operating loss Carryforward | $ | 3,308,651 | $ | 2,037,456 | ||||
Capital Loss Carryover | 295,299 | 295,299 | ||||||
Net Lease Liability | 5,908 | 6,605 | ||||||
Stock Compensation | 18,593,252 | 17,976,336 | ||||||
Software Development Costs | 337,968 | 148,223 | ||||||
Total Deferred tax assets | $ | 22,541,078 | $ | 20,463,919 | ||||
Deferred Tax liabilities: | ||||||||
Depreciation | $ | (5,897) | $ | (7,323) | ||||
Total Deferred tax liabilities | $ | (5,897) | $ | (7,323) | ||||
Less: valuation allowance | $ | (22,535,181) | $ | (20,456,596) | ||||
Net deferred tax assets | $ | - | $ | - |
10-K
2023 FY
VHAI
Vocodia Holdings Corp
16 Apr 24
Annual report
4:00pm
The reconciliation of the income tax benefit is computed at the U.S. federal statutory rate as follows:
2023 | 2022 | |||||||
Federal statutory income tax at 21% | 21.00 | % | 21.00 | % | ||||
State income taxes, net of federal benefits | 3.55 | % | 4.09 | % | ||||
Permanent Differences | (5.13 | )% | (0.03 | )% | ||||
Impact of tax rate change | 2.34 | % | 5.84 | % | ||||
Prior period adjustment | 1.96 | % | 0.00 | % | ||||
Application of a full valuation allowance | (23.72 | )% | (30.89 | )% | ||||
Provision for income taxes | - | - |
10-K
2023 FY
VHAI
Vocodia Holdings Corp
16 Apr 24
Annual report
4:00pm
During the years ended December 31, 2023 and 2022, we engaged Rosenberg Rich Baker Berman, P.A. as our independent registered accounting firm. For the years ended December 31, 2023 and 2022, we incurred fees, as discussed below:
Fiscal Year Ended December 31, | ||||||||
2023 | 2022 | |||||||
Audit Fees | $ | 135,000 | $ | 220,000 | ||||
Audit-Related Fees (1) | 25,000 | - | ||||||
Tax Fees | - | - | ||||||
All Other Fees | - | - | ||||||
Total | $ | 160,000 | $ | 220,000 |
10-K
2023 FY
VHAI
Vocodia Holdings Corp
16 Apr 24
Annual report
4:00pm
Components of income tax expense (benefit) are as follows for the years ended December 31, 2023, and 2022:
2023 | 2022 | |||||||
Current tax expense: | ||||||||
Current Income Tax Expense - federal | $ | - | $ | - | ||||
Current Income Tax Expense - state | - | - | ||||||
Total | $ | - | $ | - |
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