v3.25.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash $ 26,996,932 $ 24,781,389
Accounts receivable, net of allowance for doubtful accounts of $0 and $22,382, respectively 41,320 25,000
Prepaid expenses – current 342,784 156,335
Subscription receivable 8,200,000 8,200,000
Loan receivable 3,860,923 2,414,825
Total Current assets 39,441,959 35,577,549
Capitalized software, net 1,217,543 1,163,309
Investment through a subsidiary 36,062 36,062
Accrued income 2,323,509 2,073,193
Acquired intangible assets 1,342,016 1,317,108
Tax receivable 175,519 167,907
Fair value of trading positions for the firm, profit 524,625 607,157
Right of use (lease) 668,215 711,928
Fixed assets, net 120,938 185,195
Total assets 45,850,386 41,839,408
Current liabilities:    
Accounts payable 464,539 229,316
Line of credit 225,800 115,337
Business acquisition loan 350,000 350,000
Cares act- paycheck protection program advance 2,389 5,661
Related party advances 1,944,320 1,011,388
Customer funds 24,527,483 18,600,990
Fair value of trading positions for the firm, loss 60,632
Operating lease liability, current 363,370 319,656
Other current liabilities 893,681 5,328,110
Total Current liabilities 29,359,214 26,479,958
Deferred tax liabilities 348,532 333,418
SBA loan – non-current 112,057 114,184
Operating lease liability, non-current 304,845 392,272
Accrued interest – non-current 70,560 70,493
Total liabilities 30,195,208 27,390,325
Commitments and Contingencies (Note 9)
Stockholders’ Deficit:    
Common stock, par value $0.0001, 500,000,000 shares authorized; 422,584,729 and 390,584,729 shares issued and outstanding, as of March 31, 2025, and December 31, 2024 42,258 39,058
Additional paid-in capital, Common Series A, Series B 17,741,825 17,009,409
Accumulated other comprehensive income 140,137 (53,270)
Accumulated deficit (2,283,928) (2,563,620)
Total FDCTech, Inc. stockholders’ equity (deficit) 15,640,979 14,432,263
Noncontrolling interest 14,199 16,820
Total liabilities and stockholders’ equity (deficit) 45,850,386 41,839,408
Series A Preferred Stock [Member]    
Stockholders’ Deficit:    
Series B Preferred Stock, par value $0.0001, 3,500,000 shares authorized, 2,371,844 and 2,361,844 issued and outstanding, as of March 31, 2025, and December 31, 2024 450 450
Series B Preferred Stock [Member]    
Stockholders’ Deficit:    
Series B Preferred Stock, par value $0.0001, 3,500,000 shares authorized, 2,371,844 and 2,361,844 issued and outstanding, as of March 31, 2025, and December 31, 2024 237 236
Related Party [Member]    
Current liabilities:    
Accrued expenses, related party $ 527,000 $ 519,500