v3.26.1
Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 2,316,508 $ 13,850,168
Restricted cash (client funds, segregated) 16,746,750 11,526,789
Accounts receivable, net of allowance for doubtful accounts of $22,382 and $22,382, respectively 90,820 25,000
Prepaid expenses – current 499,635 156,335
Related party receivable 6,854,477 1,682,450
Total Current assets 26,508,190 27,240,742
Fixed assets, net 177,808 185,195
Total Non-Current assets    
Prepaid – non-current 21,095
Capitalized software, net 1,291,296 1,163,309
Investment through a subsidiary 36,062 36,062
Accrued income 543,292 2,073,193
Acquired intangible assets 1,326,465 1,317,108
Tax receivable 191,221 167,907
Fair value of trading positions for the firm, profit 666,875 607,157
Right of use (lease) 896,906 978,254
Total assets 31,659,210 33,768,927
Current liabilities:    
Accounts payable 520,594 229,316
Line of credit 181,831 115,337
Business acquisition loan 350,000 350,000
Cares act- paycheck protection program advance 890 5,661
Related party advances 2,785,566 7,992,840
Client funds payable 16,746,750 11,526,789
Operating lease liability, current 190,850 181,580
Other current liabilities 1,055,787 5,328,110
Total Current liabilities 22,359,268 26,249,133
Deferred tax liabilities 379,712 333,418
SBA loan – non-current 109,931 114,184
Operating lease liability, non-current 432,547 530,348
Accrued interest – non-current 110,105 70,493
Total liabilities 23,391,563 27,297,576
Commitments and Contingencies (Note 8)
Stockholders’ Equity (Deficit):    
Common stock, par value $0.0001, 500,000,000 shares authorized; 423,084,729 and 391,084,729 shares issued and outstanding, as of June 30, 2025, and December 31, 2024 42,308 39,108
Additional paid-in capital, including Common, Series A and Series B Preferred 18,459,603 16,883,620
Subscription receivable (8,000,000) (8,000,000)
Accumulated other comprehensive income 264,654 (72,781)
Accumulated deficit (2,541,213) (2,396,102)
Total FDCTech, Inc. stockholders’ equity (deficit) 8,226,039 6,454,531
Noncontrolling interest 41,608 16,820
Total Stockholders’ Equity 8,267,647 6,471,351
Total liabilities and stockholders’ equity (deficit) 31,659,210 33,768,927
Series A Preferred Stock [Member]    
Stockholders’ Equity (Deficit):    
Preferred stock, value 450 450
Series B Preferred Stock [Member]    
Stockholders’ Equity (Deficit):    
Preferred stock, value 237 236
Related Party [Member]    
Current liabilities:    
Accrued expenses, related party $ 527,000 $ 519,500