10-Q
Quarterly Report
FDCTECH, INC.
FDCT
CIK: 1722731
File #: 000-56338
Balance Sheet
53 line items · 2 periods
XBRL
| Item | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|
Assets | ||
Current assets: | ||
Cash and Cash Equivalents | 38,945,123 | 31,316,461 |
Accounts Receivable | 909,000 | 1,029,000 |
Other Non-Operating Current Assets | 393,408 | 403,191 |
Total Stockholders' Equity | 8,200,000 | 8,200,000 |
Accounts Receivable | 339,883 | — |
Total Current assets | 48,787,414 | 40,948,652 |
Other Non-Current Assets | 859,799 | 1,087,543 |
Other Non-Operating Current Assets | 36,062 | 36,062 |
Accrued income | 981,097 | 1,035,619 |
Intangible Assets | 1,308,191 | 1,305,493 |
Related party guarantee | 1,336,239 | 1,353,170 |
Deferred Tax Assets, Non-Current | 174,989 | 177,206 |
Fair value of trading positions for the firm, profit | 1,462,349 | 1,396,066 |
Operating Lease Right-of-Use Asset | — | 39,683 |
Property, Plant and Equipment | 445,647 | 163,572 |
Total assets | 55,391,787 | 47,543,066 |
Liabilities and Stockholders’ Deficit | ||
Current liabilities: | ||
Accounts Payable | 97,485 | 179,979 |
Short-Term Debt | 1,515 | 60,742 |
Related Party | 519,500 | 534,500 |
Nonrelated Party | 418,763 | — |
Business acquisition loan | 350,000 | 350,000 |
Cares act- paycheck protection program advance | 17,654 | 20,652 |
Related party advances | 115,646 | 793,339 |
Other Current Liabilities | 37,440,696 | 30,220,270 |
Fair value of trading positions for the firm, loss | 514,292 | 520,808 |
Operating Lease Liability, Current | — | 36,419 |
Other Non-Operating Current Liabilities | 291,150 | 770,984 |
Total Current liabilities | 39,766,701 | 33,487,693 |
Deferred Tax Liabilities, Current | 416,403 | 846,581 |
SBA loan – non-current | 120,563 | 122,689 |
Operating Lease Liability, Non-Current | — | 3,264 |
Other Current Liabilities | 34,379 | 33,062 |
Total liabilities | 40,338,046 | 34,493,289 |
Stockholders’ Deficit: | ||
Series A Preferred Stock | 450 | 650 |
Series B Preferred Stock | 236 | 180 |
Total Stockholders' Equity | 38,858 | 38,858 |
Total Stockholders' Equity | 13,475,375 | 15,389,569 |
Preferred Stock | 3,329,964 | — |
Total Stockholders' Equity | (17,288) | 225,228 |
Total Stockholders' Equity | (1,814,907) | (2,643,647) |
Total FDCTech, Inc. stockholders’ equity (deficit) | 15,012,688 | 13,010,838 |
Preferred Stock | 686 | 830 |
Common Stock | 38,858 | 38,858 |
Additional Paid-in Capital | 16,805,339 | 15,389,569 |
AOCI Attributable to Parent | (17,228) | 225,228 |
Retained Earnings | (1,814,907) | (2,643,647) |
Noncontrolling Interest | 41,053 | 38,939 |
Total liabilities and stockholders’ deficit | 55,391,787 | 47,543,066 |