v3.26.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
SCHEDULE OF RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS

The following tables reconcile the amounts as originally filed (Form 10-Q, filed May 15, 2026) to the amounts as restated:

SCHEDULE OF RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS

 

Consolidated Balance Sheet — March 31, 2026            
   As Originally Filed   Adjustment   As Restated 
Cash and cash equivalents (including restricted cash)   36,891,541    (4,429,781)   32,461,760 
Accounts receivable, net   358,932    -    358,932 
Prepaid – current   345,612    -    345,612 
Related party receivable   30,154,645    4,865,084    35,019,729 
Prepaid – non-current   189,796    -    189,796 
Fixed assets, net   187,657    -    187,657 
Capitalized software, net   1,578,353    -    1,578,353 
Investment through subsidiary   34,510    -    34,510 
Accrued income   275,715    -    275,715 
Acquired intangible assets   1,250,397    (10,518)   1,239,879 
Tax receivable   187,508    -    187,508 
Other trade and tax receivable   -    88,986    88,986 
Fair value of trading positions for the firm, profit   72,386    -    72,386 
Right of use (lease)   668,214    98,124    766,338 
Total assets   72,195,266    611,895    72,807,161 
Accounts payable   502,087    -    502,087 
Line of credit   266,926    -    266,926 
Accrued expenses, related party   997,259    5,287    1,002,546 
Business acquisition loan   2,350,000    -    2,350,000 
Related party advances   3,296,890    524,289    3,821,179 
Client funds payable   28,339,255    -    28,339,255 
Operating lease liability, current   186,158    (42,356)   143,802 
Other current liabilities   1,642,601    -    1,642,601 
Deferred tax liabilities   372,339    -    372,339 
SBA loan – non-current   103,552    -    103,552 
Operating lease liability – non-current   482,056    (143,803)   338,253 
Accrued interest – non-current   43,650    (5,287)   38,363 
Total liabilities   38,582,773    338,130    38,920,903 
Series A Preferred stock   450    -    450 
Series B Preferred stock   237    -    237 
Common stock   42,308    -    42,308 
Additional paid-in capital, Common and Series A Preferred   28,199,590    (195,777)   28,003,813 
Subscription receivable   (8,000,000)   -    (8,000,000)
Additional paid-in capital, Series B Preferred stock   3,344,063    -    3,344,063 
Accumulated other comprehensive income (loss)   (2,427)   188,472    186,045 
Accumulated surplus (deficit)   9,984,473    284,278    10,268,751 
Total FDCTech, Inc. stockholders’ equity (deficit)   33,568,694    276,973    33,845,667 
Noncontrolling interest   43,799    (3,208)   40,591 
Total liabilities and stockholders’ equity (deficit)   72,195,266    611,895    72,807,161 

 

Consolidated Statement of Operations — Three Months Ended March 31, 2026            
   As Originally Filed   Adjustment   As Restated 
Total revenue   15,214,492    -    15,214,492 
Total cost of sales   3,583,338    -    3,583,338 
Gross profit   11,631,154    -    11,631,154 
Total operating expenses   4,775,845    (3,587)   4,772,258 
Operating income (loss)   6,855,309    3,587    6,858,896 
Total other income (expense)   14,611    -    14,611 
Income (loss) before provision for income taxes   6,869,920    3,587    6,873,507 
Provision for income taxes   -    -    - 
Net income (loss)   6,869,920    3,587    6,873,507 
Net income (loss) attributable to noncontrolling interest   -    6,241    6,241 
Net income (loss) attributable to FDCTech, Inc.   6,869,920    (2,654)   6,867,266 
SCHEDULE OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH

The following table reconciles the components of cash, cash equivalents, and restricted cash reported on the consolidated balance sheets to the total amounts shown in the consolidated statements of cash flows:

SCHEDULE OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH

 

   March 31, 2026   December 31, 2025 
Cash and cash equivalents  $4,122,505   $11,855,861 
Restricted cash (client funds, segregated)   28,339,255    5,813,888 
Total cash, cash equivalents, and restricted cash  $32,461,760   $17,669,749 
SCHEDULE OF EXCHANGE RATE

The exchange rate at the reporting end date:

 

   March 31, 2026   December 31, 2025 
USD: AUD  $1.4488    1.4888 
USD: EUR  $0.8652    0.8523 
USD: GBP  $0.7558    0.7436 

 

Average exchange rate for the period:

 

   Q1 2026   Q1 2025 
USD: AUD  $1.4396    1.5939 
USD: EUR  $0.8542    0.9507 
USD: GBP  $0.7420    0.7944