AUDEA
Early Stage
Ultra Smart Audio
Overview
Raised: $65,323
Total Commitments ($USD)
Platform
StartEngine
Start Date
01/31/2022
Close Date
05/31/2022
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$2.50
Pre-Money Valuation
$12,259,505
Rolling Commitments ($USD)
Status
Funded
Reporting Date
06/04/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$549
# of Investors
22
Momentum
Funded
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Year Founded
2014
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
AUDEA, with a valuation of $12.3 million, is raising funds on StartEngine. The company has a patented autonomous smart headphone technology to create smart speakers and headphones. The integrated and user-adjustable 13 band equalizer of AUDEA allows users to simplify and enhance their music experience. AUDEA supports Google Voice Assistant and can be customized with many apps to meet any application. Douglas Kihm founded AUDEA in February 2014. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used for releasing new software and the next generation of smart speaker models.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$5,274 |
$0 |
|
COGS |
$1,391 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-310,877 |
$-435,306 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$44,768 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$284,706 |
$294,013 |
|
Short-Term Debt |
$767,158 |
$640,588 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$767,158 |
$640,588 |
Financials as of: 01/31/2022
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