Cover - $ / shares |
3 Months Ended | |
|---|---|---|
Mar. 31, 2026 |
Jun. 08, 2026 |
|
| Cover [Abstract] | ||
| Document Type | 10-Q/A | |
| Amendment Flag | true | |
| Amendment Description | This Amendment No. 1 on Form 10-Q/A (the “Amendment”) to the Quarterly Report on Form 10-Q of FDCTech, Inc. (the “Company”) for the three months ended March 31, 2026 (the “Original Filing”), as filed with the Securities and Exchange Commission (“SEC”) on May 15, 2026, is being filed to restate the Company’s previously issued condensed consolidated financial statements for the three months ended March 31, 2026.As previously disclosed in a Current Report on Form 8-K filed by the Company on June 8, 2026, the Board of Directors of the Company, after consultation with management and the Company’s independent registered public accounting firm, concluded that the Company’s previously issued unaudited condensed consolidated financial statements as of and for the three months ended March 31, 2026 should no longer be relied upon because of errors in those financial statements. The Company is filing this Amendment No. 1 to restate the affected financial statements in accordance with Accounting Standards Codification (“ASC”) Topic 250, “Accounting Changes and Error Corrections.” This Amendment No. 1 amends and restates Part I, Item 1 (Financial Statements), Part I, Item 2 (Management’s Discussion and Analysis of Financial Condition and Results of Operations), and Part I, Item 4 (Controls and Procedures) of the Original Filing. The restatement corrects the following errors in the previously issued financial statements: (i) general and administrative expense was overstated by $3,587 as a result of an update to the parent company operating lease; the correction increases operating income, income before provision for income taxes, and net income by $3,587; (ii) within total other income (expense), net interest income of $132,448 was incorrectly reported as interest expense of $(132,492), a sign and footing error; the correction has no effect on total other income (expense) of $14,611; (iii) net income attributable to the noncontrolling interest of $6,241, principally the 49% noncontrolling interest in AD Advisory Services Pty Ltd., was not previously presented; as restated, net income attributable to FDCTech, Inc. is $6,867,266, a decrease of $2,654 from the amount originally reported; and (iv) certain balance sheet corrections and reclassifications, principally the elimination of an intercompany cash position of $4,429,781, the reclassification of the related intercompany residual of $4,865,084 to related party receivable, an increase to right of use (lease) assets of $98,124 with corresponding reductions to operating lease liabilities, and related adjustments to accumulated other comprehensive income (loss) and accumulated surplus (deficit). As restated, total assets increased by $611,895 to $72,807,161, total liabilities increased by $338,130 to $38,920,903, and total FDCTech, Inc. stockholders’ equity increased by $276,973 to $33,845,667 as of March 31, 2026. In addition, rebate income of $804,664 earned by Alchemy Markets Ltd. from Alchemy International Ltd. continues to be presented as external revenue, consistent with prior filings, with no effect on total revenue, operating income, net income, or the balance sheet. In accordance with Rule 12b-15 under the Securities Exchange Act of 1934, as amended, this Amendment No. 1 includes currently-dated certifications from the Company’s Chief Executive Officer and Chief Financial Officer as required by Sections 302 and 906 of the Sarbanes-Oxley Act of 2002, filed as exhibits hereto. Except as expressly set forth in this Amendment No. 1, this Amendment does not, and does not purport to, amend, update, or restate any other information or disclosures contained in the Original Filing, or reflect any events occurring after the date of the Original Filing. Accordingly, this Amendment No. 1 should be read in conjunction with the Company’s filings with the SEC subsequent to the Original Filing. | |
| Document Quarterly Report | true | |
| Document Transition Report | false | |
| Document Period End Date | Mar. 31, 2026 | |
| Document Fiscal Period Focus | Q1 | |
| Document Fiscal Year Focus | 2026 | |
| Current Fiscal Year End Date | --12-31 | |
| Entity File Number | 000-56338 | |
| Entity Registrant Name | FDCTECH, INC. | |
| Entity Central Index Key | 0001722731 | |
| Entity Tax Identification Number | 81-1265459 | |
| Entity Incorporation, State or Country Code | DE | |
| Entity Address, Address Line One | 200 Spectrum Center Drive | |
| Entity Address, Address Line Two | Suite 300 | |
| Entity Address, City or Town | Irvine | |
| Entity Address, State or Province | CA | |
| Entity Address, Postal Zip Code | 92618 | |
| City Area Code | (877) | |
| Local Phone Number | 445-6047 | |
| Entity Current Reporting Status | Yes | |
| Entity Interactive Data Current | Yes | |
| Entity Filer Category | Non-accelerated Filer | |
| Entity Small Business | true | |
| Entity Emerging Growth Company | true | |
| Elected Not To Use the Extended Transition Period | false | |
| Entity Shell Company | false | |
| Entity Common Stock, Shares Outstanding | 423,084,729 | |
| Entity Listing, Par Value Per Share | $ 0.0001 |