v3.26.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 2,425,391 $ 13,850,168
Restricted cash — client funds (segregated) 17,453,282 11,526,789
Accounts receivable, net of allowance for doubtful accounts of $22,382 and $22,382, respectively 41,320 25,000
Prepaid expenses – current 280,188 156,335
Total Current assets 23,328,729 27,240,742
Fixed assets, net 120,938 185,195
Other non-current assets    
Prepaid expenses – non-current 62,596
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) 938,131 978,254
Total assets 30,069,668 33,768,927
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 1,211,945 7,992,840
Client funds payable 17,453,282 11,526,789
Fair value of trading positions for the firm, loss 60,632
Operating lease liability, current 186,157 181,580
Other current liabilities 893,681 5,328,110
Total Current liabilities 21,375,425 26,249,133
Deferred tax liabilities 348,532 333,418
SBA loan – non-current 112,057 114,184
Operating lease liability, non-current 482,056 530,348
Accrued interest – non-current 70,560 70,493
Total liabilities 22,388,630 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 March 31, 2025, and December 31, 2024 42,308 39,108
Additional paid-in capital, including Common, Series A and Series B Preferred 17,606,508 16,883,620
Subscription receivable (8,000,000) (8,000,000)
Accumulated other comprehensive income 120,626 (72,781)
Accumulated deficit (2,103,290) (2,396,102)
Total FDCTech, Inc. stockholders’ equity (deficit) 7,666,839 6,454,531
Noncontrolling interest 14,199 16,820
Total stockholders’ equity 7,681,038 6,471,351
Total liabilities and stockholders’ equity (deficit) 30,069,668 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 assets:    
Related party receivable 3,128,548 1,682,450
Current liabilities:    
Accrued expenses, related party 527,000 519,500
Related party advances $ 1,211,945 $ 7,992,840