FDCT — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-17

• FDCTech follows a strategic growth model centered on acquiring, integrating, and scaling legacy financial services firms. Through its acquisitions, the Company has expanded its global footprint in wealth management, brokerage, and financial advisory services.

• Founded in January 2016 as a back-office technology solution provider, FDCTech has transformed into a comprehensive, end-to-end trading platform offering foreign exchange (FX), contracts for difference (CFDs), equities, bonds, and wealth management services. Our growth trajectory includes the acquis…

• Alchemy Markets (Cayman) Ltd. (AML Cayman) 100.00% Cayman Islands Securities Investment Business (Broker/Dealer) International Condor Trading & Third-party

• Xoala AP Cyprus Ltd. (XOA, Cyprus) 100.00% Cyprus Intra-group Treasury and Payment Processing Europe Third-party

• In June 2026, Alchemytech Ltd. changed its name to T.I.C.G. Integrated Solutions Ltd. (“ATECH”). Xoala Asia holds 100% of Xoala AP Cyprus Ltd. (“XOA, Cyprus”), a Cyprus-based subsidiary providing intra-group treasury and payment-processing services. In June 2026, the Company acquired 100% of Alchemy…

Text removed vs the prior filing · source: 10-Q · 2026-05-15

• Founded in January 2016 as a back-office technology solution provider, FDCTech has transformed into a diversified global fintech platform through strategic acquisitions. Our growth trajectory includes the acquisitions of AD Advisory Services Pty Ltd. (2021), Alchemy Markets Ltd. (2022-2023), Alchemy…

• The $8,424,070 increase in total assets during the three months ended March 31, 2026 was primarily attributable to: (i) an increase in cash and cash equivalents of $19,221,792, reflecting cash generated from operations and the receipt by Alchemy International Ltd. (“AIL”) of customer funds in connec…

• As of March 31, 2026, the Company had total liabilities of $38,582,773, compared to $41,360,599 as of December 31, 2025, representing a decrease of $2,777,826, or approximately 6.7%. Total liabilities at March 31, 2026 were comprised primarily of customer funds payable of $28,339,255, related party …

• Technology and software revenue was $1,639,222 for the three months ended March 31, 2026, compared to $813,747 for the comparable prior-year period, representing an increase of $825,475, or approximately 101.4%, reflecting the expansion of the Company’s technology and platform services to its expand…

• Gross profit was $11,631,154 for the three months ended March 31, 2026, compared to $2,859,559 for the three months ended March 31, 2025, an increase of $8,771,595, or approximately 306.7%. Consolidated gross margin was approximately 76.4% for the three months ended March 31, 2026, compared to appro…

Text added vs the prior filing · source: 10-Q · 2026-08-17

• In light of the material weaknesses described below, management performed additional procedures to ensure that the unaudited condensed consolidated financial statements included in this Report have been prepared in accordance with U.S. generally accepted accounting principles. Accordingly, managemen…

• Material Weaknesses in Internal Control over Financial Reporting

• In connection with the preparation of this Report and the restatement described in Note 2 (Summary of Significant Accounting Policies — Restatement of Previously Issued Financial Statements) to the unaudited condensed consolidated financial statements, the Company identified the following material w…

• Management, under the oversight of the Board of Directors, has begun implementing the following remediation measures: (a) implementation of a standardized intercompany reconciliation and elimination checklist, including specific procedures to identify one-sided intercompany balances, performed as pa…

• This Report does not include an attestation report from our independent registered public accounting firm on the effectiveness of our internal control over financial reporting, as the Company is a non-accelerated filer and is therefore not subject to the auditor attestation requirement of Section 40…

Text removed vs the prior filing · source: 10-Q · 2026-05-15

• This Report does not include an attestation report from our independent registered public accounting firm, as we are an emerging growth company under the JOBS Act.

• There have been no changes in our internal control over financial reporting identified in connection with the evaluation required by paragraph (d) of Rule 13a-15 or Rule 15d-15 under the Exchange Act that occurred during the three months ended March 31, 2026, that have materially affected, or are re…