What changed in this filing

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Item 1. Financial Statements

2024-12-31 compared with 2024-12-31 · 310 added, 406 removed, 1192 unchanged (38% of the section changed)

Financial Statements.

to Consolidated Financial Statements

Consolidated Balance Sheets as of June 30, 2024 (Unaudited), and December 31, 2023 (Audited)

Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2024 and 2023 (Unaudited)

Consolidated Statements of Stockholders’ Equity (Deficit) for the Three and Six Months Ended June 30, 2024 and 2023 (Unaudited)

Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2024 and 2023 (Unaudited)

Notes to the Consolidated Financial Statements

Balance Sheets as of March 31, 2024 (Unaudited), and December 31, 2023 (Audited)

Statements of Operations for the Three Months Ended March 31, 2024 and 2023 (Unaudited)

Statements of Stockholders’ Equity (Deficit) for the Three Months Ended March 31, 2024 and 2023 (Unaudited)

Statements of Cash Flows for the Three Months Ended March 31, 2024 and 2023 (Unaudited)

to the Consolidated Financial Statements

BALANCE SHEETS

Current assets:

Accounts receivable, net of allowance for doubtful accounts of $ 22,382 and 21,526 , respectively

Accounts receivable, net of allowance for

doubtful accounts of $ 22,382 and 21,526 , respectively

Prepaid expenses – current

1 unchanged sentence

Loan receivable

Total Current assets

Current assets

Capitalized software, net

4 unchanged sentences

Tax receivable

Fair value of trading positions for the firm, profit

Fair value of trading positions for the firm,

Right of use (lease)

1 unchanged sentence

Liabilities and Stockholders’ Deficit

Current liabilities:

Accounts payable

2 unchanged sentences

Accrued expenses, non-related party

Accrued expenses

Business acquisition loan

2 unchanged sentences

Customer funds

Fair value of trading positions for the firm, loss

Fair value of trading positions for the firm,

Operating lease liability, current

Other current liabilities

Total Current liabilities

Current liabilities

Deferred tax liabilities

2 unchanged sentences

Accrued interest – non-current

Total liabilities

Commitments and Contingencies (Note 9)

Commitments and Contingencies

Stockholders’ Deficit:

Preferred stock, par value $ 0.0001 , 10,000,000 shares authorized, 4,500,000 and 6,500,000 issued and outstanding, as of June 30, 2024, and December 31, 2023

Series B Preferred stock, par value $ 0.0001 , 3,500,000 shares authorized, 2,360,000 and 1,800,000 issued and outstanding, as of June 30, 2024, and December 31, 2023

Preferred stock, par value $ 0.0001 , 10,000,000

shares authorized, 4,500,000

and 6,500,000

issued and outstanding, as of March 31, 2024, and December 31, 2023

Series B Preferred stock, par value $ 0.0001 ,

3,500,000 shares authorized, 2,360,000 and 1,800,000 issued and outstanding, as of March 31, 2024, and December 31, 2023

Preferred stock, value

Common stock, par value $ 0.0001 , 500,000,000 shares authorized;

390,584,729 and 388,584,729 shares issued and outstanding, as of June 30, 2024, and December 31, 2023

and 388,584,729 shares issued and outstanding, as of March 31, 2024, and December 31, 2023

Additional paid-in capital, common stock

4 unchanged sentences

( 2,643,647 )

Total FDCTech, Inc.

FDCTech, Inc.

stockholders’ equity (deficit)

Noncontrolling interest

Total liabilities and stockholders’ deficit

Noncontrolling

liabilities and stockholders’ deficit

accompanying notes to the financial statements.

STATEMENTS OF OPERATIONS

Three Months Ended

Six Months Ended

Technology & software

1 unchanged sentence

Brokerage (Trading)

Total revenue

Cost of sales

2 unchanged sentences

Brokerage (Trading)

Total cost of sales

cost of sales

Operating expenses:

1 unchanged sentence

Sales and marketing

Total operating expenses

Operating income (loss)

( 1,118,534 )

( 1,162,780 )

operating expenses

Operating loss

Other income (expense):

1 unchanged sentence

Other income (expense)

Total other income (expense)

Income (loss) before provision for income taxes

( 1,045,275 )

Provision (benefit) for income taxes

Net income (loss)

( 1,045,275 )

Net income (loss) per common share, basic and diluted

Weighted average number of common shares outstanding basic and diluted

Other comprehensive income (loss):

Change in foreign currency translation

Total other comprehensive income (loss)

Total comprehensive income (loss)

( 1,047,699 )

Comprehensive income (loss) attributable to noncontrolling interests

Comprehensive income (loss) attributable to FDCTech stockholders

other income (expense)

Income (loss) before provision

for income taxes

Provision for income taxes

income (loss)

$ ( 224,374 )

accompanying notes to the financial statements

STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)

Preferred stock

Net loss per common

share, basic and diluted

Weighted average number

of common shares outstanding basic and diluted

Other comprehensive income

Total Stockholders’

Three months ended June 30, 2023

Balance, March 31, 2023

$ ( 4,439,560 )

Three months ended June 30, 2023

Change in APIC due to common control

FX gain (loss)

Net (income) loss attributable to noncontrolling interest

Balance, June 30, 2023

$ ( 4,543,160 )

Three months ended June 30, 2024

Balance, March 31, 2024

$ ( 1,814,907 )

Three months ended June 30, 2024

Common stock issued for cash valued at $ 0.0144

Increase in APIC due to shares issued at a discount

Change in APIC due to common control

FX gain (loss)

Net (income) loss attributable to noncontrolling interest

( 1,045,275 )

Change in foreign currency

$ ( 242,516 )

Balance, June 30, 2024

Total other comprehensive

income (loss)

Total comprehensive

income (loss)

Comprehensive income (loss)

attributable to noncontrolling interests

Comprehensive income

(loss) attributable to FDCTech stockholders

$ ( 223,542 )

accompanying notes to the financial statements

STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)

Preferred stock

other comprehensive income

Total Stockholders’

Six months ended June 30, 2023

Comprehensive

Three months ended March 31, 2023

Balance, December 31, 2022

$ ( 4,216,823 )

Six months ended June 30, 2023

Common shares issued for financing cost at $ 0.0114 per share

Common shares issued for cash valued at $ 0.0048 per share

Common shares issued for services at $ 0.013 per share

Change in APIC due to common control

Common shares issued for cash valued at $ 0.0114

Common shares issued for services valued at

$ 0.0048 per share

Common shares issued for cash valued at $ 0.013

FX gain (loss)

Net (income) loss attributable to noncontrolling interest

Balance, June 30, 2023

Balance March 31, 2023

$ ( 4,439,560 )

Six months ended June 30, 2024

Three months ended March 31, 2024

Balance, December 31, 2023

1 unchanged sentence

$ ( 2,643,647 )

Six months ended June 30, 2024

Series A Preferred canceled

1 unchanged sentence

Series B issuances at $ 1.41 per share

Common stock issued for cash valued at $ 0.0144

Common stock issued for cash valued

Increase in APIC due to shares issued at a discount

Change in APIC due to common control

1 unchanged sentence

Net (income) loss attributable to noncontrolling interest

Balance, June 30, 2024

Balance, March 31, 2024

$ ( 1,814,907 )

2 unchanged sentences

STATEMENTS OF CASH FLOWS

Six Months Ended

Net income (loss)

$ ( 224,374 )

$ ( 368,561 )

Adjustments to reconcile net loss to net cash used in operating activities:

Adjustments to reconcile net loss to net cash

used in operating activities:

Software amortization

9 unchanged sentences

Loan receivable

( 1,220,158 )

Accounts payable

6 unchanged sentences

Related party guarantee

( 2,197,701 )

Tax receivable by subsidiaries

1 unchanged sentence

Right of use of assets (lease)

Accrued expenses, related party

Net cash used in operating activities

$ ( 2,929,625 )

Accrued expenses, related

cash used in operating activities

Investing Activities:

1 unchanged sentence

Effect of exchange rates

Business acquisition loan

Changes in paid-in capital

Net cash used in investing activities

cash used in investing activities

Financing Activities:

1 unchanged sentence

Promissory Note

Net proceeds from cares act - paycheck protection program

Net proceeds from cares act - paycheck protection

Net proceeds from SBA loan

Related party advances

Stock receivable

Common stock issued for cash

2 unchanged sentences

Noncontrolling interest

Net cash provided by financing activities

cash provided by financing activities

$ ( 744,835 )

Net increase in cash

Cash at beginning of the period

Cash at end of the period

Cash paid for income taxes

Cash paid for interest

Non - cash investing and financing activities:

increase in cash

at beginning of the period

at end of the period

paid for income taxes

paid for interest

- cash investing and financing activities:

accompanying notes to the financial statements

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Company has three sources of revenue.

Technology Solutions

– The Company licenses its proprietary and sometimes resells third-party technologies to customers.

Our proprietary technology

includes but is not limited to Condor Risk Management Back Office (“Condor Risk Management”), Condor Pro Multi-Asset

Solutions – The Company licenses its proprietary and sometimes resells third-party technologies to customers.

Our proprietary

technology includes but is not limited to Condor Risk Management Back Office (“Condor Risk Management”), Condor Pro Multi-Asset

Trading Platform (previously known as Condor FX Pro Trading Terminal), Condor Pricing Engine, Digital Assets Web Trader Platform,

and other digital assets-related solutions.

Customized Software

Development – The Company develops software for Customers with unique requirements outlined in the Software Development

Software Development – The Company develops software for Customers with unique requirements outlined in the Software Development

Agreement (“Agreement”).

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financial products.

Company has ten (10) licensing agreements for its Condor Pro Multi-Asset Trading Platform as of June 30, 2024.

Company has ten (10) licensing agreements for its Condor Pro Multi-Asset Trading Platform as of March 31, 2024.

The Company continuously

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Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden.

In May 2024, Mitchell M.

Eaglstein, CEO, was appointed as the CEO of Alchemy

(AML) to oversee operations in Malta.

is an investment firm regulated by the Financial Conduct Authority (‘FCA’) – it provides investment advice, dealing

3 unchanged sentences

In March 2024, the Company established Alchemytech Ltd.

(ATECH), a Cyprus company.

ATECH provides the Company's subsidiaries

and affiliate companies with information technology, sales, and marketing services.

(ATECH), a Cyprus

ATECH provides the Company's subsidiaries and affiliate companies with information technology, sales, and marketing services.

Equity Line of Credit

12 unchanged sentences

January 27, 2022, the Company signed a promissory note (‘AJB Note’) with AJB Capital Investments, LLC (‘AJB Capital’),

a Delaware limited liability company, for the principal amount of $ 550,000 with a maturity date of July 27, 2022 , and a coupon of 10 %.

a Delaware limited liability company, for the principal amount of $ 550,000

with a maturity date of July 27, 2022 , and a

coupon of 10 %.

As part of the AJB Note, the Company entered into a securities purchase agreement, where AJB Capital will receive equity equal to US

of the Company’s common stock.

The Company issued 2,214,286 common stock priced at $ .07 per share upon issuance of the

Note (the “Shares”) and 1,000,000 3 -year cash warrants (‘Warrants’) priced at $ 0.30 .

The Warrants and the Shares,

collectively known as the ‘Incentive Fee,’ are issued upon execution of the agreement.

issued 2,214,286

common stock priced at $ .07

per share upon issuance of the Note (the “Shares”)

and 1,000,000

cash warrants (‘Warrants’) priced at $ 0.30 .

The Warrants and the Shares, collectively known as the ‘Incentive Fee,’ are issued upon execution of the agreement.

Party Investments in 2022 to 2023

67 unchanged sentences

or accounting principles, except for providing a qualification for the Company’s ability to continue as a going concern.

the year ended December 31, 2022, and in the subsequent period through June 30, 2023, there were no disagreements with BF Borgers on

the year ended December 31, 2022, and in the subsequent period through March 31, 2023, there were no disagreements with BF Borgers on

any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved

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geopolitical situation in Eastern Europe intensified on February 24, 2022, with Russia’s invasion of Ukraine.

The war between the

two countries continues to evolve as military activity continues.

The United States and certain European countries have imposed additional

sanctions on Russia and specific individuals.

By the end of August 2022, the Company closed its technical support and development office

The war between

the two countries continues to evolve as military activity continues.

The United States and certain European countries have imposed

additional sanctions on Russia and specific individuals.

By the end of August 2022, the Company closed its technical support and

development office in Russia.

We relocated our personnel to Almaty, Kazakhstan, which is currently considered a neutral zone.

No individual associated with

the Company is banned or under the Special Designated Nationals and Blocked Person list.

individual associated with the Company is banned or under the Special Designated Nationals and Blocked Person list.

of the date of this report, there has been no disruption in our operations.

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or less of original maturities.

On June 30, 2024, and December 31, 2023, the Company had $ 31,806,857 and $ 31,316,461 cash and cash equivalent

On March 31, 2024, and December 31, 2023, the Company had $ 38,945,123 and $ 31,316,461 cash and cash equivalent

held at the financial institution.

8 unchanged sentences

off at the point when they are considered uncollectible.

June 30, 2024, and December 31, 2023, the Management determined that allowance for doubtful accounts was $ 22,382 and $ 21,526 , respectively.

There were $ 0 and $ 10,500 bad debt expenses for the six months ended June 30, 2024, and 2023.

March 31, 2024, and December 31, 2023, the Management determined that allowance for doubtful accounts was $ 22,382 and $ 21,526 , respectively.

There were $ 0 and $ 10,500 bad debt expenses for the three months ended March 31, 2024, and 2023.

Marketing, and Advertising

Company recognizes sales, marketing, and advertising expenses when incurred.

Company incurred $ 827,947 and $ 41,824 in sales, marketing, and advertising costs (“sales and marketing”) for the six months

ended June 30, 2024, and 2023.

The sales and marketing costs mainly included travel costs for tradeshows, customer meetings, online marketing

on industry websites, press releases, and public relations activities.

The increase in sales and marketing expenses is mainly due to

the increase in promotional marketing costs for our brokerage business during the six months ended June 30, 2024.

sales, marketing, and advertising expenses represented 6.62 % and 1.29 % of the sales for the six months ended June 30, 2024, and 2023.

Company incurred $ 46,925 and $ 30,005 in sales, marketing, and advertising costs (“sales and marketing”) for the three months

ended March 31, 2024, and 2023.

The sales and marketing costs mainly included travel costs for tradeshows, customer meetings, online

marketing on industry websites, press releases, and public relations activities.

The increase in sales and marketing expenses is mainly

due to the increase in promotional marketing costs for the three months ended March 31, 2024.

sales, marketing, and advertising expenses represented 0.74 % and 1.94 % of the sales for the three months ended March 31, 2024, and 2023.

January 1, 2019, the Company adopted ASU 2014-09 Revenue from Contracts with Customers.

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Contracts with Customers (Topic 606), which includes the following steps:

Identify the contract or

contracts and subsequent amendments with the customer.

Identify all the performance

obligations in the contract and subsequent amendments.

Determine the transaction

price for completing performance obligations.

Allocate the transaction

price to the performance obligations in the contract.

Recognize the revenue when,

or as, the Company satisfies a performance obligation.

the contract or contracts and subsequent amendments with the customer.

all the performance obligations in the contract and subsequent amendments.

the transaction price for completing performance obligations.

the transaction price to the performance obligations in the contract.

the revenue when, or as, the Company satisfies a performance obligation.

2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

41 unchanged sentences

over a product or delivering a service to a customer.

We measure revenue based on the consideration outlined in an arrangement or contract

We measure revenue based upon the consideration outlined in an arrangement or contract

with a customer.

3 unchanged sentences

Performance Obligation is Typically Satisfied

Consulting Services

related to Start-Your-Own-Brokerage (“SYOB”), Start-Your-Own-Prime Brokerage (“SYOPB”), Start-Your-Own-Crypto

3 unchanged sentences

Company in advance for these services, the Company records such payment as deferred revenue until the Company completes the services.

Technology Services

of Condor Risk Management Back Office (“Condor Risk Management”), Condor FX Pro Trading Terminal, Condor Pricing Engine,

Crypto Trading Platform (“Crypto Web Trader Platform”), and other cryptocurrency-related solutions.

The Company recognizes

ratably over the contractual period that the services are delivered, beginning on the date such service is made available to the

Company recognizes ratably over the contractual period that the services are delivered, beginning on the date such service is made

available to the customer.

Licensing agreements are typically one year in length with an option to cancel by giving notice;

customers have the right

to terminate their agreements if the Company materially breaches its obligations under the agreement.

Licensing agreements do not

provide customers the right to take possession of the software.

The Company charges the customers a set-up fee for installing the

platform, and implementation activities are insignificant and not subject to a separate fee.

Software Development

Design and build development

software projects for customers, where the Company develops the project to meet the design criteria and performance requirements

as specified in the contract.

have the right to terminate their agreements if the Company materially breaches its obligations under the agreement.

Licensing agreements

do not provide customers the right to take possession of the software.

The Company charges the customers a set-up fee for installing

the platform, and implementation activities are insignificant and not subject to a separate fee.

and build development software projects for customers, where the Company develops the project to meet the design criteria and performance

requirements as specified in the contract.

Company recognizes the software development revenues when the Customer obtains control of the deliverables as stated in the Statement-of-Work

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For ADS, performance obligations

Providing ongoing financial

advisory services,

Preparing statements of

Executing portfolio rebalancing,

Facilitating the purchase

of insurance products, and

Offering other specialized

financial and estate planning services.

ongoing financial advisory services,

statements of advice,

portfolio rebalancing,

the purchase of insurance products, and

other specialized financial and estate planning services.

evaluate these services to determine if they are distinct, considering whether the Customer can benefit from the service on its own or

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and Margin Brokerage Business

Markets Ltd (Alchemy Malta) and Alchemy Prime Ltd (Alchemy UK) are providers of trading services and solutions specializing in over-the-counter

(“OTC”) and exchange-traded markets for European markets.

Malta Financial Services Authority (MFSA) regulates Alchemy Malta

with authorized countries, including Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany,

Markets Ltd (Alchemy Malta) and Alchemy Prime Ltd (Alchemy UK) are providers of trading services and solutions specializing in over-the-counter (“OTC”) and exchange-traded markets for European markets.

Malta Financial Services Authority (MFSA) regulates Alchemy

Malta with authorized countries, including Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany,

Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Liechtenstein, Netherlands, Norway, Poland, Portugal, Romania, Slovakia,

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and make investment decisions.

recognize Brokerage (Trading) revenue through the principal model following the guidance outlined in ASC 606, Revenues from Contracts

with Customers.

The Company primarily generates revenue through market-making and trading execution services for its clients, known as

Brokerage (Trading) revenues.

recognize Brokerage (Trading) revenue through the principal model following the guidance outlined in ASC 606, Revenues from

Contracts with Customers.

The Company primarily generates revenue through market-making and trading execution services for its

clients, known as Brokerage (Trading) Revenues.

The Brokerage (Trading) revenue is the Company’s largest source of revenue.

Brokerage (Trading) revenue

comprises Brokerage (Trading) revenue from the retail OTC business and advisory business.

Brokerage (Trading) revenue comprises

Brokerage (Trading) revenue from the retail OTC business and advisory business.

OTC trading includes forex trading (“forex”),

precious metals trading, CFDs, and spread betting (in markets that do not prohibit such transactions), as well as other financial products.

precious metals trading, CFDs, and spread betting (in markets that do not prohibit such transactions), as well as other financial

realize gains or losses when we liquidate customer transactions.

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on the Consolidated Balance Sheets.

We record changes in net unrealized gains or losses in Brokerage (Trading) revenue on the Consolidated

Statements of Operations and Comprehensive (Loss)/Income.

We record changes in net unrealized gains or losses in Brokerage (Trading) revenue on the Consolidated Statements

of Operations and Comprehensive (Loss)/Income.

We record Brokerage (Trading) revenue on a trade date basis.

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B Preferred convertible stock Issued for Purchase of APL and AML

SCHEDULE OF ACQUISITION CONSIDERATION BREAKDOWN

Net Financial Assets

Purchase Price ($)

Type of Shares

Price per Shares

Local Currency

1,362,594 (1)

2,351,192 (2)

As of June 30, 2022, £1

= $ 1.2165 , Net Financial Assets based on June 30, 2022, audited financial statements

As of November 30, 2022,

€1 EUR = $ 1.042 , Net Financial Assets based on November 30, 2022, audited financial statements

OF ACQUISITION CONSIDERATION BREAKDOWN

Financial Assets (Book Value)

of June 30, 2022, £1 = $ 1.2165 , Net Financial Assets based on June 30, 2022, audited financial statements

of November 30, 2022, €1 EUR = $ 1.042 , Net Financial Assets based on November 30, 2022, audited financial statements

ASC 805-50-15-6, based on the ownership of Kundnani and the management structure post-acquisition, we believe the following guidance

in the transactions between entities under common control subsections applies to combinations between entities or businesses under common

The Seller (APHL or Kundnani)

transfers its controlling interest in APL and AML to the Company controlled by the Seller, directly or indirectly through his ownership

as an individual or through APHL.

This transaction is a legal organization change, but not the reporting entity.

The reporting entity

remains the Company.

Seller (APHL or Kundnani) transfers its controlling interest in APL and AML to the Company controlled by the Seller, directly or

indirectly through his ownership as an individual or through APHL.

This transaction is a legal organization change, but not the reporting

The reporting entity remains the Company.

SEC staff’s conclusions expressed during the deliberations in EITF 02-5 that common control exists between (or among) separate

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Balance Sheet as of November 30, 2023 (Acquisition Date):

SCHEDULE OF PURCHASE PRICE ALLOCATION

Book Value, $

Cash and cash equivalents (1)

Financial Assets through profit and less (2)

OF PURCHASE PRICE ALLOCATION

Cash and cash

equivalents (1)

Financial Assets through profit

Related party guarantee (3)

2 unchanged sentences

Capitalized software, net

Fixed assets (5)

Total assets:

Accounts Payable (6)

Financial liability at fair value through profit and loss (7)

Financial liability at fair

value through profit and loss (7)

Current liabilities - Creditors (11)

Related party advances

Customer funds (8)

Deferred tax liabilities (9)

Total liabilities

tax liabilities (9)

Net assets, (A)

Accumulated other comprehensive income (loss), (B)

Purchase Price, 833,621 Series B Preferred Shares valued at $ 1.41 , (C)

Increase in APIC (A) – (B) – (C)

Accumulated other comprehensive

income (loss), (B)

Purchase Price, 833,621

Series B Preferred Shares valued at $ 1.41 , (C)

Increase in APIC (A)

2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

1 unchanged sentence

Balance Sheet as of November 30, 2023 (Acquisition Date):

Book Value, $

Cash and cash equivalents, including cash at liquidity provider (1)

Cash and cash

equivalents, including cash at liquidity provider (1)

Fixed assets (2)

Total assets:

Deferred Tax (9)

2 unchanged sentences

Related party advances

Total liabilities

Net assets (A)

Accumulated other comprehensive income (loss), (B)

Purchase Price, 966,379 Series B Preferred Shares valued at $ 1.41 , (C)

Increase in APIC (A) – (B) – (C)

Accumulated other comprehensive

income (loss), (B)

Purchase Price, 966,379

Series B Preferred Shares valued at $ 1.41 , (C)

Increase in APIC (A)

$ ( 2,276,019 )

We recognize cash and cash

equivalents held by AML and APL and deposits in bank accounts and liquidity providers that can be accessed on demand or within 90

Financial assets at fair

values for AML through profit and loss are derivative contracts in favor of AML.

They are included in our other current assets in

the consolidated balance sheet as of November 30, 2023.

We determine financial assets at fair values by reference to market prices

or rates quoted at the end of the reporting period.

Observable market prices or rates support the valuation techniques since their

variables include only data from observable markets.

We categorize AML’s derivative financial instruments as level 2.

The guarantee provided

by Alchemy BVI as a parent to AML for any shortfall in the net capital.

Estimated overpaid tax

to Commissioner Tax Revenue, Malta.

All property and equipment

are initially recorded at historical cost and included in our fixed assets, net in the consolidated balance sheet as of November

Historical cost includes expenditures directly attributable to the Acquisition of the items.

We calculate depreciation

using the straight-line method to allocate their cost or revalued amounts to their residual values over their estimated useful lives.

Trade and other payables

comprise obligations to pay for goods or services acquired from suppliers in the ordinary course of business.

Accounts payable are

classified as current liabilities if payment is due within one year or less (or in the normal operating cycle of the business if

If not, they are presented as non-current liabilities.

Financial liabilities at

fair values for AML through profit and loss are derivative contracts against AML.

They are included in our other current assets in

the consolidated balance sheet as of November 30, 2023.

We determine financial liabilities at fair values by reference to market

recognize cash and cash equivalents held by AML and APL and deposits in bank accounts and liquidity providers that can be accessed

on demand or within 90 days.

assets at fair values for AML through profit and loss are derivative contracts in favor of AML.

They are included in our other current

assets in the consolidated balance sheet as of November 30, 2023.

We determine financial assets at fair values by reference to market

prices or rates quoted at the end of the reporting period.

2 unchanged sentences

We categorize AML’s derivative financial instruments as level 2.

Customer net trading deposits

funds placed with the Company by clients intended to trade FX, securities, or other investment activities.

We recognize deferred tax

using the liability method on temporary differences between the tax bases of assets and liabilities and their carrying amounts in

the financial statements.

guarantee provided by Alchemy BVI as a parent to AML for any shortfall in the net capital.

overpaid tax to Commissioner Tax Revenue, Malta.

property and equipment are initially recorded at historical cost and included in our fixed assets, net in the consolidated balance

sheet as of November 30, 2023.

Historical cost includes expenditures directly attributable to the Acquisition of the items.

depreciation using the straight-line method to allocate their cost or revalued amounts to their residual values over their estimated

useful lives.

and other payables comprise obligations to pay for goods or services acquired from suppliers in the ordinary course of business.

Accounts payable are classified as current liabilities if payment is due within one year or less (or in the normal operating cycle

of the business if longer).

If not, they are presented as non-current liabilities.

liabilities at fair values for AML through profit and loss are derivative contracts against AML.

They are included in our other current

assets in the consolidated balance sheet as of November 30, 2023.

We determine financial liabilities at fair values by reference

to market prices or rates quoted at the end of the reporting period.

Observable market prices or rates support the valuation techniques

since their variables include only data from observable markets.

We categorize AML’s derivative financial instruments as level

net trading deposits funds placed with the Company by clients intended to trade FX, securities, or other investment activities.

recognize deferred tax using the liability method on temporary differences between the tax bases of assets and liabilities and their

carrying amounts in the financial statements.

We include deferred tax liabilities in our consolidated balance sheet as of November

deferred tax liabilities are not recognized if they arise from the initial recognition of goodwill;

deferred tax is not accounted

for if it stems from the initial recognition of an asset or liability in a transaction other than a business combination that at

the time of the transaction affects neither accounting nor taxable profit or loss.

Deferred tax is determined using tax rates (and

Malta laws) that have been enacted or substantially enacted by the end of the reporting period and are expected to apply when the

related deferred tax asset is realized, or the deferred tax liability is settled.

Short-term borrowings are

primarily composed of lines of credit and short-term loans from financial institutions.

However, deferred tax liabilities are not recognized if they arise from the initial recognition of goodwill;

is not accounted for if it stems from the initial recognition of an asset or liability in a transaction other than a business combination

that at the time of the transaction affects neither accounting nor taxable profit or loss.

Deferred tax is determined using tax rates

(and Malta laws) that have been enacted or substantially enacted by the end of the reporting period and are expected to apply when

the related deferred tax asset is realized, or the deferred tax liability is settled.

borrowings are primarily composed of lines of credit and short-term loans from financial institutions.

2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

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at a single financial institution.

The balances do not exceed Federal Deposit Insurance Corporation (FDIC) limits as of June 30, 2024.

Most cash balances were held with non-FDIC financial institutions in Malta, the UK, and other countries.

On June 30, 2024, and December

31, 2023, the Company had $ 31,806,857 and $ 31,316,461 cash and cash equivalent held at the financial institution.

the six months ended June 30, 2024, and 2024, the Company generated $ 12,505,856 and $ 3,246,092 in revenues, an increase of over 285.26%

The balances do not exceed Federal Deposit Insurance Corporation (FDIC) limits as of March 31, 2024.

Most of the cash balances were held by non-FDIC financial institutions in Malta, the UK, and other countries.

2024, and December 31, 2023, the Company had $ 38,945,123 and $ 31,316,461 cash and cash equivalent held at the financial institution.

the three months ended March 31, 2024, and 2024, the Company generated $ 6,376,335 and $ 1,545,687 in revenues, an increase of over 312.52 %

from the previous period.

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Trade receivables are written off at the point when they are considered uncollectible.

June 30, 2024, and December 31, 2023, the Management determined that allowance for doubtful accounts was $ 22,382 and $ 21,526 , respectively.

There were $ 0 and $ 10,500 bad debt expenses for the six months ended June 30, 2024, and 2023.

March 31, 2024, and December 31, 2023, the Management determined that allowance for doubtful accounts was $ 22,382 and $ 21,526 , respectively.

There were $ 0 and $ 10,500 bad debt expenses for the three months ended March 31, 2024, and 2023.

and Development (R and D) Cost

Company acknowledges that future benefits from research and development (R and D) are uncertain, so we cannot capitalize on R and D expenditure.

Company acknowledges that future benefits from research and development (R and D) are uncertain, so we cannot capitalize on R and D

The GAAP accounting standards require us to expense all research and development expenditures as incurred.

For the six months ended June

30, 2024, and 2023, the Company incurred R and D costs of $ 0 and $ 0 .

The R and D costs in the previous period were based on an evaluation

of the technological feasibility costs of the Condor Investing and Trading App.

Three Months ended March 31, 2024, and 2023, the Company incurred R and D costs of $ 0

The R and D costs in the previous period were based on an evaluation of the technological feasibility costs of the Condor Investing

and Trading App.

Company discloses a loss contingency if at least there is a reasonable possibility that a material loss has been incurred.

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as expenses incurred.

Please refer to subsequent events for potential legal claims and disputes after the period ending June 30, 2024.

Please refer to subsequent events for potential legal claims and disputes after the period ending March

2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

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An impairment charge is recognized when the asset’s carrying value exceeds the fair value.

There are no impairment charges on June

There are no impairment charges on March

31, 2024, and December 31, 2023.

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Company estimates the useful life of the software to be three ( 3 ) years.

expenses were $ 26,167 and $ 22,503 for the six months ended June 30, 2024, and 2023, respectively, and the Company classifies such cost

as the Cost of Sales.

expenses were $ 0 and $ 19,032 for the three months ended March 31, 2024, and 2023 respectively, and the Company classifies such cost as

the Cost of Sales.

Company is developing the Condor Investing and Trading App.

The Company is currently capitalizing costs associated with the development.

There were no R and D Costs for the six months ended June 30, 2024, and 2023.

There were no R and D Costs for the three months ended March 31, 2024 and 2023.

Company capitalizes significant costs incurred during the application development stage for internal-use software.

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Currency Translation and Re-measurement

Company translates its foreign operations to US dollars following ASC 830, “ Foreign Currency Matters .” Gains or losses

resulting from translating the foreign currency financial statements are accumulated as a separate component of accumulated other comprehensive

income (“AOCI”) in the Company’s stockholders’ equity and noncontrolling interests.

Transaction gains and losses

resulting from exchange rate changes on transactions denominated in currencies other than the functional currency of the applicable subsidiary

are included in the Consolidated Statements of Income, within “Other (income) expense, net,” in the year in which the change

Company translates its foreign operations to US dollars following ASC 830, “ Foreign Currency Matters .” Gains or

losses resulting from translating the foreign currency financial statements are accumulated as a separate component of accumulated

other comprehensive income (“AOCI”) in the Company’s stockholders’ equity and noncontrolling interests.

Transaction gains and losses resulting from exchange rate changes on transactions denominated in currencies other than the

functional currency of the applicable subsidiary are included in the Consolidated Statements of Income, within “Other (income)

expense, net”, in the year in which the change occurs.

have translated the local currency of ADS and AML in the Australian Dollar (“AUD”) and Euro Dollar (“EUR”), respectively,

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exchange rate at the reporting end date:

SCHEDULE OF EXCHANGE RATE

OF EXCHANGE RATE

exchange rate for the period:

Foreign currency exchange rate, translation

functional currency is AUD, and the reporting currency is the US dollar.

AML’s functional currency is the EUR, and its reporting

currency is the US dollar.

ADS’ functional currency is AUD, and the reporting currency is the US dollar.

AML’s functional currency

is the EUR, and its reporting currency is the US dollar.

APL’s functional currency is GBP, and its reporting currency is US dollars.

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to select inputs for valuation techniques:

Level 1 is a quoted price

for an identical item in an active market on the measurement date.

Level 1 is the most reliable evidence of fair value and is used

whenever this information is available.

Level 2 is directly or

indirectly observable inputs other than quoted prices.

An example of a Level 2 input is a valuation multiple for a business unit

based on comparable companies’ sales, EBITDA, or net income.

Level 3 is an unobservable

1 is a quoted price for an identical item in an active market on the measurement date.

Level 1 is the most reliable evidence of fair

value and is used whenever this information is available.

2 is directly or indirectly observable inputs other than quoted prices.

An example of a Level 2 input is a valuation multiple for

a business unit based on comparable companies’ sales, EBITDA, or net income.

3 is an unobservable input.

It may include the company’s data, adjusted for other reasonably available information.

Examples of a Level 3 input

are an internally generated financial forecast.

of a Level 3 input are an internally-generated financial forecast.

and Diluted Income (Loss) per Share

Company follows ASC 260, Earnings Per Share, to account for earnings per share.

Basic earnings per share (“EPS”)

calculations are determined by dividing net loss by the weighted average number of shares of common stock outstanding during the

Diluted earnings per share calculations are determined by dividing net income by the weighted average number of common shares

and dilutive common share equivalents outstanding.

As of six months ended June 30, 2024, and June 30, 2023, the Company had weighted 389,159,315

and 333,584,729

basic and dilutive shares issued and outstanding.

the six months ended June 30, 2024, and 2023, common stock equivalents were anti-dilutive due to a net loss.

Hence, they are not considered

in the computation.

Basic earnings per share (“EPS”) calculations

are determined by dividing net loss by the weighted average number of shares of common stock outstanding during the year.

Diluted earnings

per share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share

equivalents outstanding.

As of March 31, 2024, and March 31, 2023, the Company had weighted 388,584,729 and 299,209,220 basic and dilutive

shares issued and outstanding.

the period ended March 31, 2023, common stock equivalents were anti-dilutive due to a net loss.

Hence, they are not considered in the

the period ended March 31, 2024, common stock equivalents were dilutive due to a net income.

Hence, they are considered in the computation.

Reclassifications

have reclassified certain amounts from the prior period to conform to the current year’s presentation.

None of these classifications

impacted reported operating or net loss for any presented period.

We have reclassified certain amounts from the prior period to conform to the current year’s presentation.

of these classifications impacted reported operating or net loss for any presented period.

2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

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settlement of liabilities and commitments in the ordinary business course.

At June 30, 2024, and December 31, 2023, the accumulated deficit

was $ 2,834,639 and $ 2,643,647 , respectively.

At June 30, 2024, and December 31, 2023, the working capital surplus and the deficit were

$ 8,854,404 and $ 7,460,959 , respectively.

The increase in the working capital surplus was mainly due to the acquisition of AML and APL,

resulting in an increase of current assets over current liabilities as of June 30, 2024.

the six months ended June 30, 2024, and 2023, the Company incurred a net loss of $ 211,830 and $ 368,561 .

At March 31, 2024, and December 31, 2023, the accumulated

deficit was $ 1,814,907 and $ 2,643,647 , respectively.

At March 31, 2024, and December 31, 2023, the working capital surplus and the deficit

were $ 9,020,713 and $ 7,460,959 , respectively.

The increase in the working capital surplus was mainly due to the acquisition of AML and

APL, resulting in an increase of current assets over current liabilities as of March 31, 2024.

the three months ended March 31, 2024, and 2023, the Company incurred a net profit and a net loss of $ 828,740 and $ 222,737 .

the fiscal year ended December 31, 2023, the Company has sustained recurring losses and negative cash flows from operations.

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CAPITALIZED SOFTWARE COSTS

the six months ended June 30, 2024, and 2023, the estimated remaining weighted-average useful life of the Company’s capitalized

the three months ended March 31, 2024, and 2023, the estimated remaining weighted-average useful life of the Company’s capitalized

software was three ( 3 ) years.

The Company recognizes amortization expenses for capitalized software on a straight-line basis.

June 30, 2024, and December 31, 2023, the net capitalized software assets were $ 924,899 and $ 1,087,543 , respectively.

March 31, 2024, and December 31, 2023, the net capitalized software assets were $ 859,799 and $ 1,087,543 , respectively.

RELATED PARTY TRANSACTIONS

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Subsequent Events Memo).

January 4, 2024, the Company issued 141,844 Series B preferred stock to Gope S.

On January 4, 2024, the Company issued 141,844 Series B preferred stock to Gope S.

Kundnani for cash valued at $ 1.41 per share.

January 2024, the Company issued 150,000 Series B preferred stock to Mitchell M.

On January 4, 2024, the Company issued 150,000 Series B preferred stock to Mitchell M.

Eaglstein, CEO and Director, for services valued at

$ 1.41 per share.

January 4, 2024, the Company issued 150,000 Series B preferred stock to Imran Firoz, CFO and Director, for services valued at $ 1.41 per

January 4, 2024, the Company issued 50,000 Series B preferred stock to FRH Group for services valued at $ 1.41 per share.

January 4, 2024, the Company issued 10,000 Series B preferred stock to William B.

On January 4, 2024, the Company issued 150,000 Series B preferred stock to Imran Firoz, CFO and Director, for services valued at $ 1.41 per

On January 4, 2024, the Company issued 50,000 Series B preferred stock to FRH Group for services valued at $ 1.41 per share.

On January 4, 2024, the Company issued 10,000 Series B preferred stock to William B.

Barnett, Esq, for services valued at $ 1.41 per share.

January 4, 2024, the Company issued 10,000 Series B preferred stock to Susan E.

On January 4, 2024, the Company issued 10,000 Series B preferred stock to Susan E.

Eaglstein for services valued at $ 1.41 per share.

January 4, 2024, the Company issued 50,000 Series B preferred stock to Gope S.

On January 4, 2024, the Company issued 50,000 Series B preferred stock to Gope S.

Kundnani for services valued at $ 1.41 per share.

January 30, 2024, the Company’s board of directors adopted and approved the rescission and cancellation of (i) 1,000,000 shares

of Series A Preferred Stock of the Company issued to Mitchell M.

On January 30, 2024, the Company’s board of directors adopted and approved the rescission and cancellation of (i) 1,000,000 shares of

Series A Preferred Stock of the Company issued to Mitchell M.

Eaglstein and (ii) 1,000,000 shares of Series A Preferred Stock of the

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June 24, 2016, the Company obtained an unsecured revolving line of credit from Bank of America to fund various purchases and travel expenses.

The line of credit has an average interest rate at the close of business on June 30, 2024, for purchases and cash withdrawals at 12 %

The line of credit has an average interest rate at the close of business on March 31, 2024, for purchases and cash withdrawals at 12 %

and 25 %, respectively.

As of June 30, 2024, the Company complies with the credit line’s terms and conditions.

At June 30, 2024,

As of March 31, 2024, the Company complies with the credit line’s terms and conditions.

At March 31, 2024,

and December 31, 2023, the outstanding balance was $ 1,515 and $ 60,742 , respectively.

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The PPP loan outstanding balance, including accrued interest at 1.00 %, is approximately $ 17,654 as of

June 30, 2024.

March 31, 2024.

May 22, 2020, the Company received hundred and forty-four thousand nine hundred and 00/100 Dollars ($ 144,900 ).

6 unchanged sentences

The SBA loan outstanding balance, including accrued interest, is $ 120,563

as of June 30, 2024.

as of March 31, 2024.

January 27, 2022, the Company signed a promissory note (‘AJB Note’) with AJB Capital Investments, LLC (‘AJB Capital’),

8 unchanged sentences

December 27, 2023, the Company redeemed the Warrants on the following terms:

the Company shall pay $ 100,000

to the Purchaser concurrently with its execution and delivery of this letter agreement (this “Letter Agreement”);

the Company shall pay $ 100,000

to the Purchaser on or before January 26, 2024 (the “Second Repayment”);

Company shall pay $ 100,000 to the Purchaser concurrently with its execution and delivery of this letter agreement (this “Letter

Company shall pay $ 100,000 to the Purchaser on or before January 26, 2024 (the “Second Repayment”);

Company issued to the Purchaser 5,000,000 restricted shares of the Company’s Common Stock (the “Shares”) on December

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Effective January 1, 2023, the Company expenses $ 15,000 monthly to its CEO and

June 30, 2024, and December 31, 2023, the cumulative accrued interest for SBA and other loans defined as an accrued non-current was $ 71,753

March 31, 2024, and December 31, 2023, the cumulative accrued interest for SBA and other loans defined as an accrued non-current was

$ 34,379 and $ 33,062 , respectively.

refer to subsequent events for potential legal claims and disputes after the period ending June 30, 2024.

Other than what is

described in the Subsequent Events, the management is

unaware of any actions, suits, investigations, or proceedings (public or private) pending against or threatened against or affecting

any of the assets or affiliates of the Company.

refer to subsequent events for potential legal claims and disputes after the period ending March 31, 2024.

Other than what is described

in the Subsequent Events, the management is unaware of any actions, suits, investigations, or proceedings (public or private) pending

against or threatened against or affecting any of the assets or affiliates of the Company.

Compliance Matters

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capital stock (the “Approving Stockholders”):

To amend our certificate

of incorporation, as amended (the “Certificate”), to increase the number of authorized shares of common stock from 250,000,000

to 500,000,000 (the “Authorized Share Increase” and together with the 2022 Equity Plan, the “Corporate Action”),

To approve the Company’s

2022 Equity Plan (the “2022 Equity Plan”)

amend our certificate of incorporation, as amended (the “Certificate”), to increase the number of authorized shares of

common stock from 250,000,000 to 500,000,000 (the “Authorized Share Increase” and together with the 2022 Equity Plan,

the “Corporate Action”), and

approve the Company’s 2022 Equity Plan (the “2022 Equity Plan”)

February 10, 2022, our Board unanimously approved the Corporate Actions.

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capital stock (the “Approving Stockholders”):

To amend our certificate

of incorporation, as amended (the “Certificate”), to increase the number of authorized shares of common stock from 500,000,000

to 1,000,000,000 (the “Authorized Share Increase”), and

To authorize our Board

of Directors, in its discretion, to amend our articles of incorporation not later than June 30, 2024, to effect a Reverse Stock Split

of all outstanding shares of our common stock in a ratio of not less than 1 for 10 and not more than 1 for 50 , to be determined by

the Board of Directors, and

To approve the Company’s

2023 Stock Incentive Plan (the “2023 Stock Incentive Plan”).

amend our certificate of incorporation, as amended (the “Certificate”), to increase the number of authorized shares of

common stock from 500,000,000 to 1,000,000,000 (the “Authorized Share Increase”), and

authorize our Board of Directors, in its discretion, to amend our articles of incorporation not later than June 30, 2024, to effect

a Reverse Stock Split of all outstanding shares of our common stock in a ratio of not less than 1 for 10 and not more than 1 for

50 , to be determined by the Board of Directors, and

approve the Company’s 2023 Stock Incentive Plan (the “2023 Stock Incentive Plan”).

the Board and the holders of a majority of the voting power of the Company’s issued and outstanding shares of capital stock have

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Company will receive $ 2,500,000 in direct investment from Alchemy Prime Holdings Shareholder for Series A Preferred, valued at $ 1.00

January 30, 2024, the Company’s board of directors adopted and approved the rescission and cancellation of (i) 1,000,000 shares

of Series A Preferred Stock of the Company issued to Mitchell M.

Eaglstein and (ii) 1,000,000 shares of Series A Preferred Stock of the

Company issued to Felix R Hong.

January 30, 2024, the Company’s board of directors adopted and approved the rescission and cancellation of (i) 1,000,000

shares of Series A Preferred Stock of the Company issued to Mitchell M.

Eaglstein and (ii) 1,000,000

shares of Series A Preferred Stock of the Company issued to Felix R Hong.

B Preferred Stock

1 unchanged sentence

AML and 100 % of APL.

January 4, 2024, the Company issued 141,844 Series B preferred stock to Gope S.

On January 4, 2024, the Company issued 141,844 Series B preferred stock to Gope S.

Kundnani for cash valued at $ 1.41 per share.

January 4, 2024, the Company issued 150,000 Series B preferred stock to Mitchell M.

Eaglstein, CEO and Director, for services valued

at $ 1.41 per share.

January 4, 2024, the Company issued 150,000 Series B preferred stock to Imran Firoz, CFO and Director, for services valued at $ 1.41 per

January 4, 2024, the Company issued 50,000 Series B preferred stock to FRH Group for services valued at $ 1.41 per share.

January 4, 2024, the Company issued 10,000 Series B preferred stock to William B.

On January 4, 2024, the Company issued 150,000 Series B preferred stock to Mitchell M.

Eaglstein, CEO and Director, for services valued at

$ 1.41 per share.

On January 4, 2024, the Company issued 150,000 Series B preferred stock to Imran Firoz, CFO and Director, for services valued at $ 1.41 per

On January 4, 2024, the Company issued 50,000 Series B preferred stock to FRH Group for services valued at $ 1.41 per share.

On January 4, 2024, the Company issued 10,000 Series B preferred stock to William B.

Barnett, Esq, for services valued at $ 1.41 per share.

January 4, 2024, the Company issued 10,000 Series B preferred stock to Susan E.

On January 4, 2024, the Company issued 10,000 Series B preferred stock to Susan E.

Eaglstein for services valued at $ 1.41 per share.

January 4, 2024, the Company issued 50,000 Series B preferred stock to Gope S.

On January 4, 2024, the Company issued 50,000 Series B preferred stock to Gope S.

Kundnani for services valued at $ 1.41 per share.

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December 27, 2023, the Company issued 5,000,000 restricted common stock to AJB to redeem warrants valued at $ 90,000 .

May 9, 2024, the Company issued 2,000,000 shares for a cash value of $ 20,000 .

Company issued 2,214,286 common stock valued at $ 71,521 upon issuance of the Note (the “Shares”) and 1,000,000 3 -year cash

10 unchanged sentences

dollar as their functional currency.

following table shows the changes in AOCI by component for the three months ending June 30, 2024, and 2023:

following table shows the changes in AOCI by component for the three months ending March 31, 2024, and 2023:

OF CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME

Accumulated Comprehensive Income:

Cumulative Foreign

Currency Translation

Balance as of March 31, 2023

Other comprehensive income (loss) attributed to ADS

Other comprehensive income (loss) attributed to AML

Total other comprehensive income (loss)

Balance as of June 30, 2023

Balance as of March 31, 2024

Other comprehensive income/(loss), ADS

Other comprehensive income/(loss), AML

Other comprehensive income/(loss), APL

Other comprehensive income/(loss), ATECH

Total other comprehensive income/(loss)

Balance as of June 30, 2024

following table shows the changes in AOCI by component for the six months ending June 30, 2024, and 2023:

Accumulated Comprehensive Income:

Cumulative Foreign

Currency Translation

Balance as of December 31, 2022

Other comprehensive income (loss) attributed to ADS

Other comprehensive income (loss) attributed to AML

Total other comprehensive income (loss)

Balance as of June 30, 2023

Other comprehensive income

(loss) attributed to ADS

Total other comprehensive

income (loss)

Balance as of March

Balance as of December 31, 2023

2 unchanged sentences

Other comprehensive income/(loss), APL

Other comprehensive income/(loss), ATECH

Total other comprehensive income/(loss)

Balance as of June 30, 2024

Total other comprehensive

income/(loss)

Balance as of March

OFF-BALANCE SHEET ARRANGEMENTS

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shall pay the community bank $ 100,000 in six equal installments of $ 15,000 and one final payment of $ 10,000 from April 2024 to November

May 2024, Mitchell M.

Eaglstein, CEO, was appointed as the CEO of Alchemy Markets Ltd.

(AML) to oversee operations in Malta.

May 2024, the Company issued 2,000,000 shares for a cash value of $ 20,000 .

On December 23, 2023, the Company received legal correspondence

8 unchanged sentences

and will provide further updates as material developments arise.

The Company has evaluated subsequent events through

the filing of this Form 10-Q and determined that no events would require adjustments to our disclosures in the consolidated financial

The Company has evaluated subsequent events through the filing of this

Form 10-Q and determined that no events would require adjustments to our disclosures in the consolidated financial statements.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements