FDCTech (FDCT) 10-Q11 Aug 232023 Q2 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2023	Aug. 11, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2023
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
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
Title of 12(b) Security	Common Stock, par value $0.0001
Trading Symbol	FDCT
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		333,584,729

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash	$ 127,057	$ 264,829
Accounts receivable, net of allowance for doubtful accounts of $136,487 and $123,987, respectively	2,857,581	65,583
Other current assets	1,142,499	435,814
OID promissory note		55,000
Total Current assets	4,127,137	821,226
Fixed assets, net	3,096
Capitalized software, net	895,748	761,642
Acquired tangible assets	35,953	38,059
Acquired intangible assets	2,600,800	2,646,615
Total assets	7,662,734	4,267,542
Current liabilities:
Accounts payable	519,450	429,500
Line of credit	50,310	47,369
Payroll tax payable	226,779	204,828
Business acquisition loan	350,000
Promissory note		550,000
Cares act- paycheck protection program advance	32,644	40,139
Other current liabilities	640,632	99,488
Total Current liabilities	1,819,815	1,371,324
SBA loan – non-current	126,941	131,194
Deferred tax liabilities	349,326
Accrued interest – non-current	17,386	14,704
Total liabilities	2,313,468	1,517,222
Commitments and Contingencies (Note 9)
Stockholders’ Deficit:
Preferred stock, par value $0.0001, 10,000,000 shares authorized, 4,000,000 issued and outstanding, as of June 30, 2023, and December 31, 2022	400	400
Common stock, par value $0.0001, 500,000,000 shares authorized; 333,584,729 and 211,275,550 shares issued and outstanding, as of June 30, 2023 and December 31, 2022	33,358	21,127
Additional paid-in capital	6,349,824	5,725,530
Accumulated other comprehensive income	(8,933)	(6,169)
Accumulated deficit	(3,649,885)	(4,335,053)
Total FDCTech, Inc. stockholders’ equity (deficit)	2,724,764	1,405,835
Noncontrolling interest	2,624,502	1,344,485
Total liabilities and stockholders’ deficit	$ 7,662,734	$ 4,267,542

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for doubtful, accounts receivable	$ 136,487	$ 123,987
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	4,000,000	4,000,000
Preferred stock, shares outstanding	4,000,000	4,000,000
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	333,584,729	211,275,550
Common stock, shares outstanding	333,584,729	211,275,550

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
Consolidated Statements of Operations - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenues
Total revenue	$ 1,765,149	$ 1,525,849	$ 3,310,836	$ 3,066,971
Cost of sales
Total cost of sales	1,322,492	1,370,728	2,571,638	2,746,178
Gross Profit	442,657	155,121	739,198	320,793
Operating expenses:
General and administrative	485,020	456,000	979,709	845,053
Sales and marketing	11,818	70,055	41,823	239,448
Total operating expenses	496,838	526,055	1,021,532	1,084,501
Operating income (loss)	(54,181)	(370,934)	(282,334)	(763,708)
Other income (expense):
Gain on purchase	979,342		979,342
Other interest expense	(1,454)	(10,546)	(10,852)	(21,726)
Other income (expense)	(1,363)	7	(988)	17
Total other income (expense)	976,525	(10,539)	967,502	(21,709)
Income (loss) before provision for income taxes	922,343	(381,473)	685,168	(785,417)
Provision (benefit) for income taxes
Net income (loss)	922,343	(381,473)	685,168	(785,417)
Less: Net income attributable to noncontrolling interest	(43,525)	(51,246)	(43,525)	(36,499)
Net income attributable to FDCTech’s shareholders	$ 965,868	$ (330,227)	$ 728,693	$ (748,918)
Net income loss per common share - basic	$ 0	$ 0	$ (0.01)	$ (0.01)
Net income loss per common share - diluted	$ 0	$ 0	$ (0.01)	$ (0.01)
Weighted average number of common shares outstanding - basic	333,584,729	148,025,550	316,587,950	147,369,598
Weighted average number of common shares outstanding - diluted	333,584,729	148,025,550	316,587,950	147,369,598
Technology Service [Member]
Revenues
Total revenue	$ 301,315	$ 89,000	$ 474,565	$ 156,500
Cost of sales
Total cost of sales	3,471	60,494	22,503	120,988
Wealth Management [Member]
Revenues
Total revenue	1,463,834	1,436,849	2,836,271	2,910,471
Cost of sales
Total cost of sales	$ 1,319,021	$ 1,310,234	$ 2,549,135	$ 2,625,190

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Deficit) (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance, at Dec. 31, 2021	$ 400	$ 14,181	$ 4,841,545		$ (3,230,679)	$ 1,625,448
Balance, shares at Dec. 31, 2021	4,000,000	141,811,264
FX gain (loss) on consolidation				(6,169)		(6,169)
Net Income (loss)					(748,918)	(748,918)
Common shares issued for cash		$ 50	31,200			31,250
Common shares issued for cash, shares		500,000
Common shares issued for services		$ 150	93,600			93,750
Common shares issued for services, shares		1,500,000
Common shares issued for cash		$ 50	24,950			25,000
Common shares issued for cash, shares		500,000
Common shares issued for cash valued at $0.0408 per share		$ 50	20,335			20,385
Common shares issued for cash valued at $0.0408 per share, shares		500,000
Common shares issued for financing cost valued at $0.0323 per share		$ 221	71,300			71,521
Common shares issued for financing cost valued at $0.0323 per share, shares		2,214,286
Common shares issued for cash valued at $0.0356 per share		$ 50	17,750			17,800
Common shares issued for cash valued at $0.0356 per share, shares		500,000
Common shares issued for cash valued at $0.0395 per share		$ 50	19,700			19,750
Common shares issued for cash valued at $0.0395 per share, shares		500,000
Balance at Jun. 30, 2022	$ 400	$ 14,802	5,120,380	(6,169)	(3,979,597)	1,149,816
Balance, shares at Jun. 30, 2022	4,000,000	148,025,550
Balance, at Mar. 31, 2022	$ 400	$ 14,802	5,120,380		(3,619,875)	1,515,708
Balance, shares at Mar. 31, 2022	4,000,000	148,025,550
Net loss adjustment for previous period ended March 31, 2022					(29,496)	(29,496)
FX gain (loss) on consolidation				(6,169)		(6,169)
Net Income (loss)					(330,227)	(330,227)
Balance at Jun. 30, 2022	$ 400	$ 14,802	5,120,380	(6,169)	(3,979,597)	1,149,816
Balance, shares at Jun. 30, 2022	4,000,000	148,025,550
Balance, at Dec. 31, 2022	$ 400	$ 21,127	5,725,530	(6,169)	(4,335,053)	1,405,835
Balance, shares at Dec. 31, 2022	4,000,000	211,275,550
FX gain (loss) on consolidation				(2,764)		2,764
Net Income (loss)					685,168	685,168
Common shares issued for cash		$ 531	59,994			60,525
Common shares issued for cash, shares		5,309,179
Common shares issued for services		$ 11,500	538,500			550,000
Common shares issued for services, shares		115,000,000
Common shares issued for cash		$ 200	25,800			26,000
Common shares issued for cash, shares		2,000,000
Balance at Jun. 30, 2023	$ 400	$ 33,358	6,349,824	(8,993)	(3,649,885)	2,724,764
Balance, shares at Jun. 30, 2023	4,000,000	333,584,729
Balance, at Mar. 31, 2023	$ 400	$ 33,358	6,349,824	(7,176)	(4,572,228)	1,804,178
Balance, shares at Mar. 31, 2023	4,000,000	333,584,729
FX gain (loss) on consolidation				(1,757)		(1,757)
Net Income (loss)					922,343	922,343
Balance at Jun. 30, 2023	$ 400	$ 33,358	$ 6,349,824	$ (8,993)	$ (3,649,885)	$ 2,724,764
Balance, shares at Jun. 30, 2023	4,000,000	333,584,729

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Deficit) (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2023	Jun. 30, 2022
Service [Member]
Cash and Cash Equivalents [Line Items]
Shares issued price per share	$ 0.0048	$ 0.0625
Financing Cost [Member]
Cash and Cash Equivalents [Line Items]
Shares issued price per share		0.0323
Cash [Member]
Cash and Cash Equivalents [Line Items]
Shares issued price per share	0.0114	0.0625
Cash One [Member]
Cash and Cash Equivalents [Line Items]
Shares issued price per share	$ 0.013	0.05
Cash Two [Member]
Cash and Cash Equivalents [Line Items]
Shares issued price per share		0.0408
Cash Three [Member]
Cash and Cash Equivalents [Line Items]
Shares issued price per share		0.0356
Cash Four [Member]
Cash and Cash Equivalents [Line Items]
Shares issued price per share		$ 0.0395

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Jun. 30, 2023	Jun. 30, 2022
Statement of Cash Flows [Abstract]
Net Income (loss)	$ 685,168	$ (748,918)
Adjustments to reconcile net loss to net cash used in operating activities:
Software depreciation and amortization	22,503	120,988
Common stock issued for services	60,525	165,271
Acquired tangible assets	2,106	6,067
Acquired intangible assets	45,815	(47,472)
Change in assets and liabilities:
Gross accounts receivable	(2,791,998)	(16,000)
Fixed assets, net	(3,096)
Accounts payable	89,950	(44,715)
Other current liabilities	541,144	137,107
Debt issuance cost		(20,719)
OID of promissory note	55,000	(55,000)
Other current assets	(706,685)	120,043
Accrued interest	2,682	2,781
Increase in accrued payroll tax	21,951	19,937
Deferred tax liabilities	349,326
Net cash used in operating activities	(1,625,609)	(360,630)
Investing Activities:
Capitalized software	(156,609)	(129,025)
Net cash used in investing activities	(156,609)	(129,025)
Financing Activities:
Borrowing from (payments to) line of credit	2,941	(5,268)
Proceeds from promissory note	(550,000)	550,000
Net proceeds (payment to) from SBA loan	(11,748)	(4,253)
Business acquisition loan	350,000
Net proceeds from common stock	576,000	114,185
Related party advances		(81,000)
Increase (decrease) in non-controlling interest	1,277,253	(36,499)
Forex gain (loss) on consolidation		(6,169)
Net cash provided by financing activities	1,644,446	530,997
Net increase (decrease) in cash	(137,772)	41,342
Cash at beginning of the period	264,829	93,546
Cash at end of the period	127,057	134,888
Cash paid for income taxes
Cash paid for interest
Common stock issued for note conversion

BUSINESS DESCRIPTION AND NATURE

BUSINESS DESCRIPTION AND NATURE OF OPERATIONS	6 Months Ended
BUSINESS DESCRIPTION AND NATURE OF OPERATIONS	Jun. 30, 2023
Accounting Policies [Abstract]
BUSINESS DESCRIPTION AND NATURE OF OPERATIONS	BUSINESS DESCRIPTION AND NATURE OF OPERATIONS Under Delaware laws, the founders incorporated the Company as Forex Development Corporation on January 21, 2016. On February 27, 2018, the Company changed its name to FDCTech, Inc. The name change reflects the Company’s commitment to expanding its products and services in the FX and financial markets for OTC brokers. The Company provides innovative and cost-efficient financial technology (‘fintech’) and business solutions to OTC Online Brokerages (“customers”). The Company intends to build a diversified global financial services company driven by proprietary Condor trading technologies, complementary regulatory licenses, and a proven executive team. The Company plans to acquire, integrate, transform, and scale legacy financial service companies. The Company believes its proprietary technology and software development capabilities allow legacy financial services companies immediate exposure to –forex, stocks, ETFs, commodities, social/copy trading, and other high-growth fintech markets. From December 2021 onwards, the Company expects to grow from its acquisition strategy, specializing in buying and integrating small to mid-size legacy financial services companies. The Company intends to build a diversified global software-driven financial services company. The Company plans to acquire, integrate, transform, and scale legacy financial service companies. The Company replaces conventional legacy software infrastructure with its regulatory-grade proprietary Condor trading technologies, intending to improve end-user experience, increase client retention, and realize cost synergies. Currently, we have three primary business segments, (1) Wealth Management, (2) Technology and Software Development, and (3) Margin Brokerage Business. The Company has signed a definitive agreement to acquire a controlling interest in the US Brokerage business pending regulatory approval. Wealth Management – AD Advisory Services Pty Ltd. On December 22, 2021, the Company entered into a Share Exchange Agreement (the “Agreement”) with AD Financial Services Pty Ltd ACN 628 331 117 of Level 38/71 Eagle St, Brisbane, Queensland, Australia, 4000 (“ADFP” or “Target”). According to the Agreement, the Company acquired 51 45,000,000 100 51.00 AD Advisory Services Pty Ltd. (ADS) is an Australian-regulated wealth management company with 20 offices, 28 advisors, and $530+ million in funds under advice. ADS provides licensing solutions for financial advisers & accountants in Australia. ADS offers financial planners different licensing, compliance, and education solutions to meet their practice’s specific needs. ADS’ revenues, cost of sales, and gross profits for the six months ending June 30, 2023, were $ 2,836,271 2,549,135 287,136 Margin Brokerage – Alchemy Markets Ltd. (formerly known as NSFX Ltd.) Acquisition On December 31, 2022, the Company announced the sales purchase agreement (“Agreement”) under which the Company acquired a 50.10 350,000 NOTE 1. BUSINESS DESCRIPTION AND NATURE OF OPERATIONS (continued) Alchemy (Malta) is authorized to deal with its account (market maker) as a Category 3 licensed entity by the MFSA, receive and transmit orders for retail and professional clients, and hold and control clients’ money and assets. Alchemy (Malta) services its customers in the English, French, German, Italian, and Arabic-speaking markets. The customers can trade in currency, commodity, equity, and other derivatives in real time. Alchemy (Malta)’s Balance Sheet as of June 30, 2023 (Acquisition Date): SCHEDULE OF BUSINESS ACQUISITIONS Description Fair Value, $ Cash and cash equivalents (1) 24,510 Financial assets at fair value through profit and loss (2) 741,231 Receivables (3) 2,715,888 Fixed assets (4) 3,096 - Current liabilities (5) (482,022 ) - Deferred tax liabilities (6) (349,326 ) Net assets (A) 2,653,377 Purchase Price 50.10% (B) 350,000 Non-controlling interest (C), 49.90% 1,324,035 FDCTech gain on bargain purchase (A) – (B) – (C) 979,342 According to the Financial Accounting Standards Board’s (FASB) Accounting Standards Codification (ASC) Topic 805, “Business Combinations,” the accounting acquirer is the entity that obtains control of the acquiree. We have determined that the Company is the accounting acquirer based on the following factors: ● The relative voting rights. ● The composition of the governing body. ● The composition of the senior management. We have determined the method of accounting for the business combination. The accounting acquirer applies the acquisition method and recognizes the acquiree’s identifiable assets, liabilities, and any noncontrolling interest in the acquiree at their fair values as of the acquisition date. The fair values of Alchemy (Malta)’s assets and liabilities equal their carrying amounts. Therefore, we did not need any adjustments to the carrying amounts of these assets and liabilities on the Company’s balance sheet. (1) We recognize cash and cash equivalents held by Alchemy (Malta) and deposits in bank accounts that can be accessed on demand or within 90 days. They are included in our cash and cash equivalents in the consolidated balance sheet as of June 30, 2023. We hold client funds held by Alchemy (Malta) in the normal course of business in a fiduciary capacity; we do not include such funds in these financial statements. (2) Financial assets at fair values for Alchemy (Malta)’s through profit and loss are derivative contracts in favor of Alchemy (Malta). They are included in our other current assets in the consolidated balance sheet as of June 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 Alchemy (Malta)’s derivative financial instruments as level 2. (3) Alchemy (Malta)’s receivables mostly consist of amounts due from previous shareholders of New Star and are included in our accounts receivable in the consolidated balance sheet as of June 30, 2023. (4) All property and equipment are initially recorded at historical cost and included in our fixed assets, net in the consolidated balance sheet as of June 30, 2023. 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. (5) 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. We include deferred tax liabilities in our consolidated balance sheet as of June 30, 2023. However, 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. CIM Acquisition Update On July 19, 2022, the Company signed a non-binding letter of intent to acquire fifty-one percent ( 51.00 20,000 180,000 180,000 At July 31, 2023, the Company sent the notice of termination of the purchase agreement to CIM Securities as future events may result in a change of ownership in the CMA application. The Company believes that this would cause further delay in the approval process. Our board has mandated the management team to concentrate on expanding and developing our core non-US forex business to maximize shareholder value. NOTE 1. BUSINESS DESCRIPTION AND NATURE OF OPERATIONS (continued) Technology & Software Development The Company has three sources of revenue. ● Technology Solutions ● Customized Software Development ● Consulting Services The Company has completed the Condor Pro Multi-Asset Trading Platform, previously known as the Condor FX Trading Platform. The Condor Pro Multi-Asset Trading Platform is a regulatory-grade platform targeted at day traders and retail investors. The industry characterized such platforms by their ease of use and helpful features, such as the simplified front-end (user interface/user experience), back-end (reporting system), news feeds, and charting system. The Condor Pro Multi-Asset Trading Platform includes risk management (dealing desk, alert system, margin calls, etc.), a pricing engine (best bid/ask), and connectivity to multiple liquidity providers or market makers. We have tailored the Condor Pro Multi-Asset Trading Platform to markets such as forex, stocks, commodities, and other financial products. The Company released, marketed, and distributed its Condor Pro Multi-Asset Trading Platform in the second quarter of the fiscal year, December 31, 2019. The Company has developed the Condor Back Office API to integrate third-party CRM and banking systems into Condor Back Office. The Company has ten (10) licensing agreements for its Condor Pro Multi-Asset Trading Platform. The Company continuously negotiates additional licensing agreements with several retail online brokers to use the Condor Pro Multi-Asset Trading Platform. Condor Pro Multi-Asset Trading Platform is available in desktop, web, and mobile versions. The Company’s upgraded Condor Back Office (Risk Management) meets various jurisdictions’ regulatory requirements. Condor Back Office meets the directives under the Markets in Financial Instruments Directive (MiFID II/MiFIR), legislation by European Securities and Market Authority (ESMA) implemented across the European Union on January 3, 2018. NOTE 1. BUSINESS DESCRIPTION AND NATURE OF OPERATIONS (continued) The Company is developing the Condor Investing & Trading App, a simplified trading platform for traders with varied experiences in trading stocks, ETFs, and other financial markets from their mobile phones. The Company expects to commercialize the Condor Investing & Trading App by the end of the second quarter of the fiscal year ending December 31, 2023. The Company had developed NFT Marketplace, a decentralized NFT marketplace, a multichain platform with a lazy minting option to reduce and limit unnecessary blockchain usage fees, also known as gas fees. The Company has no plans to commercialize the NFT Marketplace in the fiscal year ending December 31, 2023, as the market for NFT has slowed considerably. The Company and its subsidiary, ADS, intend to develop a digital wealth management company, initially including a Robo Advice Platform catering to Australia’s wealth management industry. The Company has decided not to build the Robo Advice Platform as of June 30, 2023. The Company generated Technology & Software Revenue of $ 474,565 156,500 Subsidiaries of the Company ADS is an Australian-regulated wealth management company with 20 offices, 28 advisors, and $530+ million funds under advice. On December 31, 2022, the Company announced the sales purchase agreement (“Agreement”) under which the Company acquired a 50.10 Alchemy (Malta) is authorized to deal with its account (market maker) as a Category 3 licensed entity by the MFSA, receive and transmit orders for retail and professional clients, and hold and control clients’ money and assets. Alchemy (Malta) services its customers in the English, French, German, Italian, and Arabic-speaking markets. The customers can trade in currency, commodity, equity, and other derivatives in real time. Settlement of the FRH Group Note Between February 22, 2016, and April 24, 2017, the Company borrowed $ 1,000,000 February 28, 2018, and April 24, 2019 0.10 0.05 20,000,000 1,256,908 12,569,080 Termination of Acquisition of Genesis Financial, Inc. In line with the new strategic direction, on June 2, 2021, the Company entered into a Stock Purchase Agreement (the “Genesis Agreement”) with the Shareholders of Genesis Financial, Inc., a Wyoming corporation (“GFNL” or “Seller”). According to the Agreement, the Company plans to acquire 100 70,000,000 35,000,000 On August 24, 2021, FDCTech, Inc., a Delaware corporation (“FDCT” or the “Company” or “Buyer”), terminated the Stock Purchase Agreement (the “Agreement”), dated June 2, 2021, with the Shareholders of Genesis Financial, Inc., a Wyoming corporation (“Genesis” or “Seller”). As of the termination date, the Company did not issue any Securities to the Seller. The Company could not complete nor qualify the Agreement as Genesis could not comply with several non-exhaustive material provisions, covenants, or conditions. NOTE 1. BUSINESS DESCRIPTION AND NATURE OF OPERATIONS (continued) On June 9, 2021, and in connection with the previous description of the Genesis Agreement, dated June 2, 2021, the Company appointed Warwick Kerridge as Chairman of the Company’s Board of Directors. Effective August 24, 2021, the Company terminated the appointment of Warwick Kerridge as the Board of Directors. The Company approved the termination upon the consent of the majority of the stockholders representing at least 68.73 Equity Line of Credit On October 04, 2021, the Company filed a prospectus that relates to the resale of up to 22,670,000 2,200,000 2,000,000 20,000,000 670,000 111,244 Related Party Loan The Company also received a net amount of $ 81,000 Cares Act – Paycheck Protection Program (PPP Note) On May 01, 2020, the Company received proceeds of Fifty-Thousand Six Hundred and Thirty-Two ($ 50,632 1.00 33,665 SBA Loan On May 22, 2020, the Company received hundred and forty-four thousand nine hundred and 00/100 Dollars ($ 144,900 707 3.75 144,900 143,306 Promissory Note On 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 July 27, 2022 10 155,000 2,214,286 .07 1,000,000 3 0.30 Governmental Regulation FDCTech is a publicly-traded company subject to SEC and FINRA’s rules and regulations regarding public disclosure, financial reporting, internal controls, and corporate governance. Our wealth management business, AD Advisory Services (ADS), is subject to enhanced regulatory scrutiny and is regulated by multiple regulators in Australia. The Australian Securities and Investments Commission (ASIC) administers a licensing regime for ‘financial services’ providers where ADS holds an Australian Financial Services License (AFSL) and meets various compliance, conduct, and disclosure obligations. Alchemy (Malta) is an online trading brokerage firm regulated by the Malta Financial Services Authority (MFSA). Board of Directors Effective January 1, 2021, Naim Abdullah resigned as the Director of the Company. On July 6, 2021, the Board of Directors of FDCTech, Inc. (the “Company”) increased from four to five directors and appointed Charles R. Provini, age 74, to the vacancy. Mr. Provini is considered independent under NYSE and NASDAQ listing standards. Mr. Provini has been the Chairman, CEO, and President of Natcore Technology Inc. since May 2009, a research and development company protected by 65 patents granted or pending. From November 1997 to October 2000, he was the President of Ladenburg Thalmann Asset Management and a Director of Ladenburg Thalmann, Inc., one of the oldest New York Stock Exchange members. He served as President of Laidlaw Asset Management and Chairman and Chief Investment Officer of Howe & Rusling, Laidlaw’s Portfolio Management Advisory Group, from November 1995 to September 1997. Mr. Provini served as Rodman & Renshaw’s Advisory Services President from February 1994 to August 1995. He was the President of LaSalle Street Corporation, a wholly-owned subsidiary of Donaldson, Lufkin & Jenrette, from January 1983 to April 1985. Mr. Provini has been a leadership instructor at the U.S. Naval Academy, Chairman of the U.S. Naval Academy’s Honor Board, and is a former Marine Corp. officer. Mr. Provini holds an undergraduate Engineering degree from the U.S. Naval Academy in Annapolis, Maryland, and a post-graduate degree from the University of Oklahoma. NOTE 1. BUSINESS DESCRIPTION AND NATURE OF OPERATIONS (continued) On September 30, 2022, the Company appointed Gope S. Kundnani as the Director of the Company. Upon the appointment of Mr. Kundnani, the Company currently has four Board of Directors. Mr. Kundnani is a seasoned entrepreneur with several decades of experience building successful businesses in the United States, the Middle East, and the United Kingdom. From May 2018 to the present, Mr. Kundnani was the founder and current Director of Alchemy Prime Markets, a financial brokerage services company regulated by the Financial Conduct Authority (FCA). From December 2018 to the present, Mr. Kundnani founded and is the Director of Blackthorn Finance Limited, an authorized payments financial services company regulated by the FCA. From May 2004 to April 2008, Mr. Kundnani was the Director of Tristar Group, responsible for investing and acquiring small retail businesses in the Texas region. From February 1999 to the present, Mr. Kundnani has been a partner and CEO of Flexo Pack, a polyethylene product manufacturer with a global customer base. Mr. Kundnani holds an undergraduate business degree from Mulund College of Commerce, Mumbai, India. Upon the termination of Mr. Kerridge and the resignation of Mr. Provini, the Company currently had four Board of Directors. Mitchell M. Eaglstein is the acting Chairman of the Company. Mitchell M. Eaglstein and Imran Firoz are the executive directors and officers of the Company. Gope S. Kundnani is considered an executive director by owning the Company’s stock of at least 10%. Jonathan Baumgart is an independent director under NYSE and NASDAQ listing standards. Changes in Registrant’s Certifying Accountant On July 2, 2021, the Board of Directors of FDCTech, Inc. (the “Company”) approved the dismissal of Farber Hass Hurley LLP (“FHH”) as the Company’s independent registered public accounting firm. The reports of FHH on the Company’s consolidated financial statements for the fiscal years ended December 31, 2020, and 2019 did not contain an adverse opinion or a disclaimer of opinion. It was not qualified or modified for uncertainty audit scope or accounting principles. On July 2, 2021, the Company appointed BF Borgers CPA PC (“BFB”) as the Company’s new independent registered public accounting firm, effective immediately, to perform independent audit services for the fiscal year ending December 31, 2021. On April 18, 2023, the Board of Directors of FDCTech, Inc. (the “Company”) approved the dismissal of BFB as the Company’s independent registered public accounting firm. The reports of BFB on the Company’s consolidated financial statements for the fiscal years ended December 31, 2022, and 2021 did not contain an adverse opinion or a disclaimer of opinion. It was not qualified or modified for uncertainty audit scope or accounting principles. On April 18, 2023, the Company appointed Bolko & Company (“Bolko”) as the Company’s new independent registered public accounting firm, effective immediately, to perform independent audit services for the fiscal year ending December 31, 2023. NOTE 1. BUSINESS DESCRIPTION AND NATURE OF OPERATIONS (continued) Description of Company’s Securities to be Registered Effective September 03, 2021, the Company incorporated by reference the description of its common stock, par value $ 0.0001 Covid-19 In March 2020, the World Health Organization declared the outbreak of a novel coronavirus (COVID-19) pandemic throughout the United States. While the initial outbreak concentrated in China, it spread to several other countries, including Russia and Cyprus, and reported infections globally. Many countries worldwide, including the United States, have implemented significant governmental measures to control the spread of the virus, including temporary closure of businesses, severe restrictions on travel and the movement of people, and other material limitations on trade. These measures have resulted in work stoppages, absenteeism in the Company’s labor workforce, and other disruptions. The extent to which the coronavirus impacts our operations will depend on future developments. These developments are highly uncertain. We cannot predict them with confidence, including the duration and severity of the outbreak and the actions required to contain the coronavirus or treat its impact. In particular, the spread of the coronavirus globally could adversely impact our operations and workforce, including our marketing and sales activities and ability to raise additional capital, which could harm our business, financial condition, and operation results. Ukraine-Russia Conflict The 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 in Russia. We relocated our personnel to Turkey, currently considered a neutral zone. In April 2023, we relocated our personnel to Kazakhstan. No individual associated with the Company is banned or under Special Designated Nationals and Blocked Person list. The relocation may impact our software development capabilities and the Company's business plans if we cannot relocate our technical and development operations to a safer zone. As of the date of this report, there has been no disruption in our operations.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Jun. 30, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Principles of Consolidation The accompanying consolidated financial statements include the accounts of FDCTech, Inc. and its wholly-owned subsidiary. We have eliminated all intercompany balances and transactions. The Company has prepared consolidated financial statements consistent with the accounting policies adopted by the Company in its financial statements. The Company has measured and presented its consolidated financial statements in US Dollars, the currency of the primary economic environment in which it operates (also known as its functional currency). Financial Statement Preparation and Use of Estimates The Company prepared consolidated financial statements according to accounting principles generally accepted in the United States of America (“GAAP”). The preparation of consolidated financial statements in conformity with GAAP requires management to make certain estimates, judgments, and assumptions. This could affect the reported amounts of assets and liabilities, the related disclosures at the date of the consolidated financial statements, and the reported amounts of revenue and expenses during the periods presented. Estimates include revenue recognition, the allowance for doubtful accounts, website and internal-use software development costs, recoverability of intangible assets with finite lives, and other long-lived assets. Actual results could materially differ from these estimates. Actual results and outcomes may differ from management’s estimates and assumptions due to risks and uncertainties, including uncertainty in the current economic environment due to the coronavirus (“COVID-19”). Cash and Cash Equivalents Cash and cash equivalents include cash on hand, deposits held with banks, and other short-term, highly liquid investments with three months or less of original maturities. On June 30, 2023, and December 31, 2022, the Company had $ 127,057 264,829 NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Accounts Receivable Accounts Receivable primarily represents the amount due from three (3) technology customers. In some cases, the customer receivables are due immediately on demand; however, in most cases, the Company offers net 30 terms or n/30, where the payment is due in full 30 days after the invoice’s date. The Company has based the allowance for doubtful accounts on its assessment of the collectability of customer accounts. The Company regularly reviews the allowance by considering historical experience, credit quality, the accounts receivable balances’ age, and economic conditions that may affect a customer’s ability to pay and expected default frequency rates. Trade receivables are written off at the point when they are considered uncollectible. At June 30, 2023, and December 31, 2022, the Management determined that allowance for doubtful accounts was $ 136,487 123,987 10,500 0 Sales, Marketing, and Advertising The Company recognizes sales, marketing, and advertising expenses when incurred. The Company incurred $ 41,823 239,448 The sales, marketing, and advertising expenses represented 1.26 7.81 Revenue Recognition On January 1, 2019, the Company adopted ASU 2014-09 Revenue from Contracts with Customers. The majority of the Company’s revenues come from two contracts – IT support and maintenance (‘IT Agreement’) and software development (‘Second Amendment’) that fall within the scope of ASC 606. The Company recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those goods or services as per the contract with the customer. As a result, the Company accounts for revenue contracts with customers by applying the requirements of Accounting Standards Codification Topic 606, Revenue from 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. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) The Company adopted ASC 606 using the modified retrospective method applied to all contracts not completed as of January 1, 2019. The Company presents results for reporting periods beginning after January 1, 2019, under ASC 606, while prior period amounts are reported following legacy GAAP. In addition to the above guidelines, the Company also considers implementation guidance on warranties, customer options, licensing, and other topics. The Company considers revenue collectability, methods for measuring progress toward complete satisfaction of a performance obligation, warranties, customer options for additional goods or services, nonrefundable upfront fees, licensing, customer acceptance, and other relevant categories. The Company accounts for a contract when the Company and the customer (‘parties’) have approved the contract and are committed to performing their respective obligations. Each party can identify its rights, obligations, and payment terms; the contract has commercial substance. The Company will probably collect all of the consideration. Revenue is recognized when performance obligations are satisfied by transferring control of the promised service to a customer. The Company fixes the transaction price for goods and services at contract inception. The Company’s standard payment terms are generally net 30 days and, in some cases, due upon receipt of the invoice. The Company considers the change in scope, price, or both as contract modifications. The parties describe contract modification as a change order, a variation, or an amendment. A contract modification exists when the parties approve a modification that either creates new or changes existing enforceable rights and obligations. The Company assumes a contract modification by oral agreement or implied by the customer’s customary business practice when agreed in writing. If the parties to the contract have not approved a contract modification, the Company continues to apply the existing contract’s guidance until the contract modification is approved. The Company recognizes contract modification in various forms –partial termination, an extension of the contract term with a corresponding price increase, adding new goods or services to the contract, with or without a corresponding price change, and reducing the contract price without a change in goods/services promised. At contract inception, the Company assesses the solutions or services, or bundles of solutions and services, obligated in the contract with a customer to identify each performance obligation within the contract and then evaluate whether the performance obligations are capable of being distinct and distinct within the context of the agreement. Solutions and services that are not capable of being distinct and distinct within the contract context are combined and treated as a single performance obligation in determining the allocation and recognition of revenue. For multi-element transactions, the Company allocates the transaction price to each performance obligation on a relative stand-alone selling price basis. The Company determines the stand-alone selling price for each item at the transaction’s inception involving these multiple elements. Since January 21, 2016 (‘Inception’), the Company has derived its revenues mainly from consulting services, technology solutions, and customized software development. The Company recognizes revenue when it has satisfied a performance obligation by transferring control over a product or delivering a service to a customer. We measure revenue based upon the consideration outlined in an arrangement or contract with a customer. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) The Company’s typic The Company’s typical performance obligations include the following: Performance Obligation Types of Deliverables When Performance Obligation is Typically Satisfied Consulting Services Consulting related to Start-Your-Own-Brokerage (“SYOB”), Start-Your-Own-Prime Brokerage (“SYOPB”), FX/OTC liquidity solutions and lead generations. The Company recognizes the consulting revenues when the customer receives services over the contract length. If the customer pays the Company in advance for these services, the Company records such payment as deferred revenue until the Company completes the services. Technology Services Licensing 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 fintech-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 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. The Company recognizes the software development revenues when the Customer obtains control of the deliverables as stated in the Statement-of-Work contract. The Company assumes that the goods or services promised in the existing contract will be transferred to the customer to determine the transaction price. The Company believes that the contract will not be canceled, renewed, or modified; therefore, the transaction price includes only those amounts to which the Company has rights under the present contract. For example, if the Company enters into a contract with a customer with an original term of one year and expects the customer to renew for a second year, the Company would determine the transaction price based on the initial one-year period. When choosing the transaction price, the company first identifies the fixed consideration, including non-refundable upfront payment amounts. To allocate the transaction price, the Company gives an amount that best represents the consideration that the entity expects to receive for transferring each promised good or service to the customer. The Company allocates the transaction price to each performance obligation identified in the contract on a relative standalone selling price basis to meet the allocation objective. In determining the standalone selling price, the Company uses the best evidence of the stand-alone selling price that the Company charges to similar customers in similar circumstances. In some cases, the Company uses the adjusted market assessment approach to determine the standalone selling price. It evaluates the market in which it sells the goods or services and estimates the price that customers in that market would pay for those goods or services when sold separately. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) The Company recognizes revenue when or as it transfers the promised goods or services in the contract. The Company considers the “transfers” of the promised goods or services when the customer obtains control of the goods or services. The Company considers a customer “obtains control” of an asset when it can direct the use of, and obtain all the remaining benefits from, an asset substantially. The Company recognizes deferred revenue related to services it will deliver within one year as a current liability. The Company presents deferred revenue related to services that the Company will provide more than one year into the future as a non-current liability. For the period ending December 31, 2019, the Company’s two primary revenue streams accounted for under ASC 606 follows: The Company entered into a definitive asset purchase agreement on July 19, 2017, to sell the code, installation, and future development for two hundred and fifty thousand ($ 250,000 160,000 160,000 18,675 17,750 80,000 20,000 According to the Second Amendment, the Company identifies two primary ongoing performance obligations in the contract for the following development services of the Platform: a) Customized developments, and b) Software updates. The Company receives $75 per hour for the first 100 hours/month of approved development services and $45 per hour for all services over 100 hours per month. The Company invoices the Customer for all development services rendered, and any cash received for the development services is non-refundable On February 5, 2018 (‘Effective Date’), the Company signed an IT support and maintenance agreement (‘IT Agreement’) with an FX/OTC broker (‘FX Broker’) regulated by the Malta Financial Services Authority. The Company earns the recurring monthly payment from the FX Broker for delivering IT support and maintenance services (‘Services’) to FX Broker’s legacy technology infrastructure. The term of this Agreement commenced on the Effective Date and shall continue until terminated by either party either for cause, bankruptcy, and other default clauses. The Company completes and satisfies its performance obligation upon accomplishing all support and maintenance activities every month. The Company invoices the FX Broker at the beginning of the month for services performed, delivered, and accepted for the prior month. At the time of the invoice, the Company renders all Services, and any cash received for Services is non-refundable. According to the contract’s terms and conditions, the Company invoices the customer at the beginning of the month for the month’s services. The invoice amount is due upon receipt. The Company recognizes the revenue at the end of each month, equal to the invoice amount. AD Advisory Services Pty (ADS), the Company’s wealth management revenue, primarily consists of advisory revenue, commission revenue from insurance products, fees to prepare the statement of advice, rebalancing portfolio, and other financial planning activities. We recognize revenue upon the transfer of services to customers in an amount that reflects the consideration we expect to receive in exchange for those services. If we receive payments in advance of services, we defer and recognize them as revenue when satisfied with our performance obligation. Advisory revenue includes fees charged to clients in advisory accounts for which we are the licensed investment advisor. We bill advisory fees weekly. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Concentrations of Credit Risk Cash The Company maintains its cash balances at a single financial institution. The account balances are within FDIC limits as of June 30, 2023, and December 31, 2022. Revenues Technology & Software Revenue – The Company generated Technology & Software Revenue of $ 474,565 156,500 68.59 86.41 Wealth Management Revenue – the Company’s subsidiary ADS generated $ 2,836,271 Accounts Receivable Accounts Receivable primarily represents the amount due from three (3) active technology customers. In some cases, the customer receivables are due immediately on demand; however, in most cases, the Company offers net 30 terms or n/30, where the payment is due in full 30 days after the invoice’s date. The Company has based the allowance for doubtful accounts on its assessment of the collectability of customer accounts. The Company regularly reviews the allowance by considering historical experience, credit quality, the accounts receivable balances’ age, and economic conditions that may affect a customer’s ability to pay and expected default frequency rates. Trade receivables are written off at the point when they are considered uncollectible. At June 30, 2023, and December 31, 2022, the Management determined that allowance for doubtful accounts was $ 136,487 123,987 10,500 0 Research and Development (R and D) Cost The Company acknowledges that future benefits from research and development (R and D) are uncertain, so we cannot capitalize on R and D expenditure. The GAAP accounting standards require us to expense all research and development expenditures as incurred. For the Three Months ended June 30, 2023, and 2022, the Company incurred no Legal Proceedings The Company discloses a loss contingency if at least there is a reasonable possibility that a material loss has been incurred. The Company records its best estimate of loss related to pending legal proceedings when the loss is considered probable and the amount can be reasonably estimated. The Company can reasonably estimate a range of loss with no best estimate; the Company records the minimum estimated liability. As additional information becomes available, the Company assesses the potential liability related to pending legal proceedings, revises its estimates, and updates its disclosures accordingly. The Company’s legal costs associated with defending itself are recorded as expenses incurred. The Company is currently not involved in any litigation. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Impairment of Long-Lived Assets The Company reviews long-lived assets for impairment under FASB ASC 360, Property, Plant, and Equipment. Under the standard, long-lived assets are tested for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. An impairment charge is recognized when the asset’s carrying value exceeds the fair value. There are no Provision for Income Taxes The provision for income taxes is determined using the asset and liability method. This method calculates deferred tax assets and liabilities based on the temporary differences between the consolidated financial statement and income tax bases of assets and liabilities using the enacted tax rates applicable each year. The Company utilizes a two-step approach to recognizing and measuring uncertain tax positions (“tax contingencies”). The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes. The second step is to measure the tax benefit as the largest amount, more than 50%, likely to be realized upon ultimate settlement. The Company considers many factors when evaluating and estimating its tax positions and benefits, requiring periodic adjustments, which may not accurately forecast actual outcomes. The Company includes interest and penalties related to tax contingencies in the provision of income taxes in the operations’ consolidated statements. The Company’s management does not expect the total amount of unrecognized tax benefits to change significantly in the next twelve (12) months. Software Development Costs By ASC 985-20, Software development costs, including costs to develop software sold, leased, or otherwise marketed, are capitalized after establishing technological feasibility, if significant. The Company amortizes the capitalized software development costs using the straight-line amortization method over the application software’s estimated useful life. By the end of February 2016, the Company completed the technical feasibility of the Condor FX Back Office, Condor Pro Multi-Asset Trading Platform Version, and Condor Pricing Engine. The Company established the technical feasibility of the Crypto Web Trader Platform in February 2018. The Company completed the technical feasibility of the Condor Investing and Trading App in January 2021. The Company estimates the useful life of the software to be three ( 3 Amortization expenses were $ 22,503 120,988 The Company is developing the Condor Investing and Trading App and NFT Marketplace. The Company is currently capitalizing the costs associated with the development. The Company spent $ 15,600 The Company capitalizes significant costs incurred during the application development stage for internal-use software. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Convertible Debentures The cash conversion guidance in ASC 470-20, Debt with Conversion and Other Options, is considered when evaluating the accounting for convertible debt instruments (this includes certain convertible preferred stock that is classified as a liability) to determine whether the conversion feature should be recognized as a separate component of equity. The cash conversion guidance applies to all convertible debt instruments that, upon conversion, may be settled entirely or partially in cash or other assets where the conversion option is not bifurcated and separately accounted for pursuant to ASC 815. If the conversion features of conventional convertible debt provide a conversion rate below market value, this feature is characterized as a beneficial conversion feature (“BCF”). The Company records BCF as a debt discount pursuant to ASC Topic 470-20, Debt with Conversion and Other Options. In those circumstances, the convertible debt is recorded net of the discount related to the BCF. The Company amortizes the discount to interest expense over the life of the debt using the effective interest method. As of December 31, 2020, the conversion features of conventional FRH Group convertible notes dated February 22, 2016, May 16, 2016, November 17, 2016, and April 24, 2017 (See Note 8) provide for a rate of conversion where the conversion price is below the market value. As a result, the conversion feature on all FRH Group convertible notes has a beneficial conversion feature (“BCF”) to the extent of the price difference. As the Company and FRH Group extended the maturity date of the four (4) tranches of convertible notes to June 30, 2021, Management analyzed the fair value of the BCF on these tranches. The Company noted that the value of the BCF for each note was insignificant; thus, it did not record debt discounts as of December 31, 2020. For FRH Group convertible note dated April 24, 2017, the stock’s value at the issuance date was above the floor conversion price; this feature is characterized as a beneficial conversion feature (“BCF”). The Company records a BCF as a debt discount pursuant to ASC Topic 470-20, “Debt with Conversion and Other Options.” As a result, the convertible debt is recorded net of the discount related to the BCF. As of December 31, 2017, the Company has amortized the discount of $ 97,996 The $ 97,996 Foreign Currency Translation and Re-measurement The Company translates its foreign operations to US dollars following ASC 830, “ Foreign Currency Matters We have translated the local currency of ADS, the Australian Dollar (“AUD”), and the Euro (“EUR”) as some of our clients pay in EUR; we have cash balances in EUR into US$1.00 at the following exchange rates for the respective dates. Exchange rate at the reporting end date: SCHEDULE OF EXCHANGE RATE June 30, 2023 USD: AUD $ 1.5009 USD: EUR $ 0.9222 Average exchange rate for the period: January 1, 2022, to June 30, 2023 USD: AUD $ 1.4965 The Company subsidiary’s functional currency is AUD, and reporting currency is the US dollar. The Company translates its records into USD as follows: ● Assets and liabilities at the rate of exchange in effect at the balance sheet date ● Equities at the historical rate ● Revenue and expense items at the average rate of exchange prevailing during the period NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Fair Value The Company uses current market values to recognize certain assets and liabilities at a fair value. The fair value is the estimated price at which the Company can sell the asset or settle a liability in an orderly transaction to a third party under current market conditions. The Company uses the following methods and valuation techniques for deriving fair values: Market Approach – The market approach uses the prices associated with actual market transactions for similar or identical assets and liabilities to derive a fair value. Income Approach – The income approach uses estimated future cash flows or earnings, adjusted by a discount rate representing the time value of money and the risk of cash flows not being achieved to derive a discounted present value. Cost Approach – The cost approach uses the estimated cost to replace an asset adjusted for the obsolescence of the existing asset. The Company ranks the fair value hierarchy of information sources from Level 1 (best) to Level 3 (worst). The Company uses these three levels to select inputs for valuation techniques: Level I Level 2 Level 3 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 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. Basic and Diluted Income (Loss) per Share The 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 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 June 30, 2023, and December 31, 2022, the Company had 333,584,729 211,275,550 12,569,080 685,168 785,417 Reclassifications We have reclassified certain prior period amounts to conform to the current year’s presentation. None of these classifications impacted reported operating loss or net loss for any period presented. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Recent Accounting Pronouncements In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), which supersedes the revenue recognition requirements in Topic 605, Revenue Recognition, including most industry-specific requirements. ASU 2014-09 establishes a five-step revenue recognition process; an entity will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. ASU 2014-09 also requires enhanced disclosures regarding the nature, amount, timing, and uncertainty of revenues and cash flows from customers’ contracts. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, which defers the effective date of ASU 2014-09 by one (1) year. The Company adopted ASC 606 using the modified retrospective method applied to all contracts not completed as of January 1, 2019. The Company presents results for reporting periods beginning after January 1, 2019, under ASC 606, while prior period amounts are reported following legacy GAAP. Refer to Note 2 Revenue from Major Contracts with Customers for further discussion on the Company’s accounting policies for revenue sources within the scope of ASC 606. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 840) to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The amendments to this standard are effective for fiscal years beginning after December 15, 2019. Early adoption of the amendments to this standard is permitted for all entities. The Company must recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. The Company adopted this policy as of January 1, 2020, and there is no material effect on its financial reporting. In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement.” The amendments modify the disclosure requirements in Topic 820 to add disclosures regarding changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty. The amendments removed and modified certain disclosure requirements in Topic 820. The amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Certain amendments are to be applied prospectively, while others are to be applied retrospectively. Early adoption is permitted. The Company adopted the ASU 2018-13 as of January 1, 2020. The Company used the Level 1 Fair Market Measurement to record, at cost, ADS’ intangible assets valued at $ 2,550,003 ASU 2020-06, “Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity”, issued in August 2020 simplifies the accounting for convertible debt and convertible preferred stock by removing the requirements to present certain conversion features in equity separately. In addition, the amendments also simplify the guidance in ASC Subtopic 815-40, Derivatives and Hedging: Contracts in Entity’s Own Equity, by removing certain criteria that must be satisfied to classify a contract as equity, which is expected to decrease the number of freestanding instruments and embedded derivatives accounted for as assets or liabilities. Finally, the amendments revise the guidance on calculating earnings per share, requiring the use of the if-converted method for all convertible instruments and rescinding an entity’s ability to rebut the presumption of share settlement for instruments that may be settled in cash or other assets. The amendments are effective for public companies for fiscal years beginning after December 15, 2021. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020. The guidance must be adopted as of the beginning of the fiscal year of adoption. The Company does not expect this ASU 2020-06 to impact its condensed consolidated financial statements. Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force) and the United States Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future consolidated financial statements.

MANAGEMENT_S PLANS

MANAGEMENT’S PLANS	6 Months Ended
MANAGEMENT’S PLANS	Jun. 30, 2023
Managements Plans
MANAGEMENT’S PLANS	NOTE 3. MANAGEMENT’S PLANS The Company has prepared consolidated financial statements on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the ordinary business course. At June 30, 2023, and December 31, 2022, the accumulated deficit was $ 3,649,885 4,335,053 2,307,322 550,098 During the six months ended June 30, 2023, and 2022, the Company incurred a net income and net loss of $ 685,168 785,417 Since its inception, the Company has sustained recurring losses and negative cash flows from operations. As of June 30, 2023, and December 31, 2022, the Company had $ 127,057 264,829 The Company’s ability to continue as a going concern may depend on the Management’s plans discussed below. The consolidated financial statements do not include any adjustments relating to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company cannot continue as a going concern. To the extent the Company’s operations are insufficient to fund the Company’s capital requirements, the Management may attempt to enter into a revolving loan agreement with financial institutions or raise capital through the sale of additional capital stock or issuance of debt. The Management intends to continue its efforts to enhance its revenue from its diversified portfolio of technological solutions, become cash flow positive, and raise funds through private placement offerings and debt financing. See Note 8 for Notes Payable. As the Company increases its customer base globally, it intends to acquire long-lived assets that will provide a future economic benefit beyond fiscal 2023. On 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 July 27, 2022 10 155,000 2,214,286 .07 1,000,000 3 0.30

CAPITALIZED SOFTWARE COSTS

CAPITALIZED SOFTWARE COSTS	6 Months Ended
CAPITALIZED SOFTWARE COSTS	Jun. 30, 2023
Capitalized Software Costs
CAPITALIZED SOFTWARE COSTS	NOTE 4. CAPITALIZED SOFTWARE COSTS During the three months ended June 30, 2023, and 2022, the estimated remaining weighted-average useful life of the Company’s capitalized software was three ( 3 At June 30, 2023, and December 31, 2022, the gross capitalized software assets were $ 1,743,599 1,586,989 847,850 825,347 895,748 761,642

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
RELATED PARTY TRANSACTIONS	Jun. 30, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 5. RELATED PARTY TRANSACTIONS In April 2016, the Company established its wholly-owned subsidiary – FRH Prime Ltd. (“FRH Prime”), incorporated under section 14 of Bermuda’s Companies Act 1981. In January 2017, FRH Prime established its wholly-owned subsidiary – FXClients Limited (“FXClients”), under the United Kingdom Companies Act. The Company established FRH Prime and FXClients to conduct financial technology service activities. The Company established FRH Prime and FXClients to conduct financial technology service activities. At present, both companies have ceased to exist. For the fiscal year ended December 31, 2021, and 2020, FRH Prime has generated volume rebates of $ 0 1,861 Between February 22, 2016, and April 24, 2017, the Company borrowed $ 1,000,000 April 24, 2019, and June 30, 2019 0.10 0.05 6 Between March 15 and 21, 2017, subject to the terms and conditions of the Stock Purchase Agreement, the Company issued 1,000,000 400,000 0.05 70,000 On February 22, 2021, the Company entered into an Assignment of Debt Agreement (the “Agreement”) with FRH and FRH Group Corporation. The Company eliminated all four FRH Group convertible notes, including interest, of $ 1,256,908 12,569,080 The Company paid off all the outstanding related parties’ liabilities as of January 31, 2022. In September 2022, the Company issued 30,000,000 300,000 5,000,000 60,000 In January 2023, the Company issued 115,000,000 550,000

LINE OF CREDIT

LINE OF CREDIT	6 Months Ended
LINE OF CREDIT	Jun. 30, 2023
Line Of Credit
LINE OF CREDIT	NOTE 6. LINE OF CREDIT As of June 24, 2016, the Company obtained an unsecured revolving line of credit of $ 40,000 12 25 50,310 47,369

NOTES PAYABLE

NOTES PAYABLE	6 Months Ended
NOTES PAYABLE	Jun. 30, 2023
Debt Disclosure [Abstract]
NOTES PAYABLE	NOTE 7. NOTES PAYABLE Convertible Notes Payable – Related Party Between February 22, 2016, and April 24, 2017, the Company borrowed $ 1,000,000 0.10 0.05 6 At December 31, 2020, the current portion of convertible notes payable and accrued interest was $ 1,000,000 256,908 At December 31, 2019, the current portion of convertible notes payable and accrued interest was $ 1,000,000 196,908 At December 31, 2020, there was no non-current portion of the Notes payable and accrued interest. The Company will pay the Notes’ outstanding principal amount and interest at 6 10 NOTE 7. NOTES PAYABLE (continued) Convertible Notes Payable – Related Party On February 22, 2016, the Company issued and promised to pay a convertible note to FRH Group for the principal sum of One Hundred Thousand and 00/100 Dollars ($ 100,000 February 28, 2018 0.10 1,000,000 0.10 30 0.05 2,000,000 On May 16, 2016, the Company issued and promised to pay a convertible note to FRH Group for the principal sum of Four Hundred Thousand and 00/100 Dollars ($ 400,000 May 31, 2018 0.10 4,000,000 0.10 30 0.05 8,000,000 On November 17, 2016, the Company issued and promised to pay a convertible note to FRH Group for the principal sum of Two Hundred and Fifty Thousand and 00/100 Dollars ($ 250,000 November 30, 2018 0.10 2,500,000 0.10 30 0.05 5,000,000 On April 24, 2017, the Company issued and promised to pay a convertible note to FRH Group for the principal sum of Two Hundred and Fifty Thousand and 00/100 Dollars ($ 250,000 April 24, 2019 0.10 2,500,000 0.10 30 0.05 5,000,000 NOTE 7. NOTES PAYABLE (continued) FRH Group Note Summary SCHEDULE OF NOTES PAYABLE Date of Note: 2/22/2016 5/16/2016 11/17/2016 4/24/2017 Original Amount of Note: $ 100,000 $ 400,000 $ 250,000 $ 250,000 Outstanding Principal Balance: $ - $ - $ - $ - Conversion Date (1) 02/22/2021 02/22/2021 02/22/2021 02/22/2021 Interest Rate: 6 % 6 % 6 % 6 % Date to which interest has been paid: Accrued Accrued Accrued Accrued Conversion Rate on February 22, 2021: $ 0.10 $ 0.10 $ 0.10 $ 0.10 Floor Conversion Price: $ 0.05 $ 0.05 $ 0.05 $ 0.05 Number Shares Converted for Original Note: 1,000,000 4,000,000 2,500,000 2,500,000 Number Shares Converted for Interest: 29,117 111,000 61,792 55,000 (1) Note Extension 1,256,908 12,569,080 Cares Act – Paycheck Protection Program (PPP Note) On May 01, 2020, the Company received proceeds of Fifty-Thousand Six Hundred and Thirty-Two ($ 50,632 1.00 1.00 33,665 SBA Loan On May 22, 2020, the Company received hundred and forty-four thousand nine hundred and 00/100 Dollars ($ 144,900 707 3.75 144,900 143,306 AJB Note On 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 July 27, 2022 155,000 2,214,286 71,521 1,000,000 3 0.30 Economic Injury Disaster Loan (EIDL) The Small Business Administration offers the Economic Injury Disaster Loan program. The CARES Act changed the program to provide an emergency grant of up to $ 10,000 4,000

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
COMMITMENTS AND CONTINGENCIES	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 8. COMMITMENTS AND CONTINGENCIES Office Facility and Other Operating Leases The rental expenses were $ 12,790 14,602 Effective October 29, 2019, the Company leased office space at 200 Spectrum Center Drive, Suite 300, Irvine, CA 92618. As per the Commitment Term of the lease (“Agreement”), this Agreement shall continue on a month-to-month basis (any term after the Commitment Term, also known as “Renewal Term”). The Commitment Term and all subsequent Renewal Terms shall constitute the “Term.” The Company may terminate this Agreement by delivering to the lessor Form (“Exit Form”) at least one (1) whole calendar month before the month in which the Company intends to terminate this Agreement (“Termination Effective Month”). The Company is entitled to use the office and conference space on a need basis. The new rent payment or membership fee for Irvine Office is $ 95 890 From February 2019 to the present, the Company leased office space in Limassol District, Cyprus, from an unrelated party for a year. The office’s rent payment is $ 1,750 From February 2020, this agreement continues every year upon written request by the Company. The Company uses the office for sales and marketing in Europe and Asia. 11 500 As all leases are on a month-to-month basis or for less than one ( 1 Employment Agreement The Company gave all salary compensation to key executives as independent contractors, where Eaglstein, Firoz, and Platt commit one hundred percent (100%) of their time to the Company. 5,000 12,000 15,000 Accrued Interest At June 30, 2023, and December 31, 2022, the cumulative accrued interest for SBA and other loans defined as an accrued non-current was $ 17,386 14,703 Pending Litigation The management is not aware of any actions, suits, investigations, or proceedings (public or private) pending against or threatened against or affecting any of the assets or any affiliate of the Company. Tax Compliance Matters The Company has estimated payroll tax liabilities based on its officers’ reclassification from independent contractors to employees from the fiscal ended December 31, 2017, to 2020. As of June 30, 2023, the Company has assessed federal and state payroll tax payments in the aggregate amount of $ 226,779

STOCKHOLDERS_ EQUITY (DEFICIT)

STOCKHOLDERS’ EQUITY (DEFICIT)	6 Months Ended
STOCKHOLDERS’ EQUITY (DEFICIT)	Jun. 30, 2023
Equity [Abstract]
STOCKHOLDERS’ EQUITY (DEFICIT)	NOTE 9. STOCKHOLDERS’ EQUITY (DEFICIT) Authorized Shares On February 12, 2021, the Company filed the Certificate of Amendment with the Secretary of State of Delaware to change authorized shares. As per the Amendment, the Company shall have the authority to issue 260,000,000 250,000,000 .0001 10,000,000 .0001 On February 17, 2022, the Company filed the Information Statement pursuant to Section 14C of the Securities Exchange Act of 1934 and informed all holders of record on February 10, 2022 (the “Record Date”) of the common stock, $ 0.0001 1. To amend our certificate of incorporation, as amended (the “Certificate”), to increase the number of authorized shares of common stock from 250,000,000 500,000,000 2. To approve the Company’s 2022 Equity Plan (the “2022 Equity Plan”) On February 10, 2022, our Board unanimously approved the Corporate Actions. To eliminate the costs and management time for a special meeting and to effect the actions, the Company chose to obtain the written consent of a majority of the Company’s voting power to approve the actions described in the Information Statement following Sections 228 and 242 of the Delaware General Corporation Law (the “DGCL”) and per our bylaws. On February 10, 2022, the Approving Stockholders approved the Corporate Actions by written consent. The Approving Stockholders (common stock only) own 96,778,105 64.62 As of June 30, 2023, and December 31, 2022, the Company’s authorized capital stock consists of 10,000,000 0.0001 500,000,000 0.0001 As of June 30, 2023, and December 31, 2022, the Company had 333,584,729 211,275,550 4,000,000 The preferred stock has fifty votes for each share of preferred shares owned. The preferred shares have no other rights, privileges, and higher claims on the Company’s assets and earnings than common stock. Preferred Stock On December 12, 2016, the Board agreed to issue 2,600,000 400,000 1,000,000 In January 2023, Eaglstein and Firoz transferred 1,100,000 400,000 4,000,000 1,500,000 1,500,000 1,000,000 Common Stock On January 21, 2016, the Company collectively issued 30,000,000 5,310,000 30,000,000 5,310,000 On December 12, 2016, the Company issued 28,600,000 On March 15, 2017, the Company issued 1,000,000 50,000 On March 15, 2017, the Company issued 1,500,000 75,000 On March 17, 2017, subject to the terms and conditions of the Stock Purchase Agreement, the Company issued 1,000,000 50,000 NOTE 9. STOCKHOLDERS’ EQUITY (DEFICIT) (continued) On March 21, 2017, subject to the terms and conditions of the Stock Purchase Agreement, the Company issued 400,000 20,000 Ms. Eaglstein and Mr. Eaglstein are the Mother and Brother, respectively, of Mitchell Eaglstein, the CEO and Director of the Company. From July 1, 2017, to October 03, 2017, the Company has issued 653,332 98,000 On October 31, 2017, the Company issued 70,000 10,500 On January 15, 2019, the Company issued 60,000 9,000 From January 29, 2019 to February 15, 2019, the Company issued 33,000 4,950 2,967,000 Effective June 3, 2020, the Company issued 2,745,053 0.25 686,263 2,745,053 On October 1, 2020, the Company issued 250,000 30,000 On January 31, 2021, the Company issued 2,300,000 621,000 On February 22, 2021, the Company entered into an Assignment of Debt Agreement (the “Agreement”) with FRH and FRH Group Corporation. The Company eliminated all four FRH Group convertible notes, including interest, of $ 1,256,908 12,569,080 On May 19, 2021, the Company issued 1,750,000 350,000 NOTE 9. STOCKHOLDERS’ EQUITY (DEFICIT) (continued) On June 02, 2021, the Company issued 1,750,000 437,500 On June 15, 2021, the Company issued 100,000 21,000 On July 06, 2021, the Company issued 100,000 22,000 On July 20, 2021, the Company issued 545,852 98,253 On October 04, 2021, the Company filed a prospectus related to the resale of shares to White Lion and AD Securities America, LLC. The Company issued 2,000,000 200,000 670,000 80,400 On October 5, 2021, the Company issued 1,500,000 164,250 From October 2021 to November 2021, the Company issued 750,000 62,375 On December 22, 2021, the Company issued 45,000,000 51 In December 2021, the Company issued 5,650,000 169,500 On January 4, 2022, the Company issued 1,500,000 93,750 From January 4, 2022, to February 10, 2022, the Company issued 2,500,000 114,185 On January 27, 2022, the Company signed a promissory note (‘AJB Note’) with AJB Capital Investments, LLC (‘AJB Capital’). The Company issued 2,214,286 common stock valued at $ 71,521 1,000,000 3 0.30 On July 31, 2022, the Company issued 250,000 9,475 On September 30, 2022, the Company issued 30,000,000 300,000 On September 30, 2022, the Company issued 5,000,000 60,000 On December 12, 2022, the Company issued 20,000,000 166,000 On December 15, 2022, the Company issued 8,000,000 76,000 On January 25, 2023, the Company issued 5,309,179 60,525 On January 25, 2023, the Company issued 115,000,000 550,000 On March 28, 2023, the Company issued 2,000,000 20,000

WARRANTS

WARRANTS	6 Months Ended
WARRANTS	Jun. 30, 2023
Warrants
WARRANTS	NOTE 10. WARRANTS Effective June 1, 2017, the Company is raising $ 600,000 4,000,000 .0001 Each Class A Warrant entitles the holder to purchase one ( 1 0.30 Information About the Warrants Outstanding During Fiscal 2022 Follows SCHEDULE OF WARRANTS ACTIVITY Original Exercise Exercisable Became Exercised Terminated / Canceled / Exercisable At March 31, Expiration 653,332 $ 0.30 - - - 653,332 - April 2019 The Warrants are redeemable by the Company, upon thirty (30) day notice, at a price of $ .05 1.00 10 The exercise price and the number of shares of Common Stock or other securities issuable on exercise of the Warrants are subject to adjustment in certain circumstances, including stock dividend, recapitalization, reorganization, merger, or consolidation of the Company. However, no Warrant is subject to adjustment for issuances of Common Stock at a price below the exercise price of that Warrant. As of this report’s date, holders did not exercise Class A Warrants, and all have expired. The Company issued 2,214,286 71,521 1,000,000 3 0.30

OFF-BALANCE SHEET ARRANGEMENTS

OFF-BALANCE SHEET ARRANGEMENTS	6 Months Ended
OFF-BALANCE SHEET ARRANGEMENTS	Jun. 30, 2023
Off-balance Sheet Arrangements
OFF-BALANCE SHEET ARRANGEMENTS	NOTE 11. OFF-BALANCE SHEET ARRANGEMENTS We have no off-balance sheet arrangements, including arrangements that would affect our liquidity, capital resources, market risk support, credit risk support, or other benefits.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
SUBSEQUENT EVENTS	Jun. 30, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 12. SUBSEQUENT EVENTS At July 31, 2023, the Company sent the notice of termination of purchase agreement to CIM Securities as future events may result in change of ownership in the CMA application. The Company believes that this would cause further delay in the approval process. Our board has mandated the management team to concentrate on expanding and developing our core non-US forex business to maximize shareholder value.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The accompanying consolidated financial statements include the accounts of FDCTech, Inc. and its wholly-owned subsidiary. We have eliminated all intercompany balances and transactions. The Company has prepared consolidated financial statements consistent with the accounting policies adopted by the Company in its financial statements. The Company has measured and presented its consolidated financial statements in US Dollars, the currency of the primary economic environment in which it operates (also known as its functional currency).
Financial Statement Preparation and Use of Estimates	Financial Statement Preparation and Use of Estimates The Company prepared consolidated financial statements according to accounting principles generally accepted in the United States of America (“GAAP”). The preparation of consolidated financial statements in conformity with GAAP requires management to make certain estimates, judgments, and assumptions. This could affect the reported amounts of assets and liabilities, the related disclosures at the date of the consolidated financial statements, and the reported amounts of revenue and expenses during the periods presented. Estimates include revenue recognition, the allowance for doubtful accounts, website and internal-use software development costs, recoverability of intangible assets with finite lives, and other long-lived assets. Actual results could materially differ from these estimates. Actual results and outcomes may differ from management’s estimates and assumptions due to risks and uncertainties, including uncertainty in the current economic environment due to the coronavirus (“COVID-19”).
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash on hand, deposits held with banks, and other short-term, highly liquid investments with three months or less of original maturities. On June 30, 2023, and December 31, 2022, the Company had $ 127,057 264,829 NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Accounts Receivable	Accounts Receivable Accounts Receivable primarily represents the amount due from three (3) technology customers. In some cases, the customer receivables are due immediately on demand; however, in most cases, the Company offers net 30 terms or n/30, where the payment is due in full 30 days after the invoice’s date. The Company has based the allowance for doubtful accounts on its assessment of the collectability of customer accounts. The Company regularly reviews the allowance by considering historical experience, credit quality, the accounts receivable balances’ age, and economic conditions that may affect a customer’s ability to pay and expected default frequency rates. Trade receivables are written off at the point when they are considered uncollectible. At June 30, 2023, and December 31, 2022, the Management determined that allowance for doubtful accounts was $ 136,487 123,987 10,500 0
Sales, Marketing, and Advertising	Sales, Marketing, and Advertising The Company recognizes sales, marketing, and advertising expenses when incurred. The Company incurred $ 41,823 239,448 The sales, marketing, and advertising expenses represented 1.26 7.81
Revenue Recognition	Revenue Recognition On January 1, 2019, the Company adopted ASU 2014-09 Revenue from Contracts with Customers. The majority of the Company’s revenues come from two contracts – IT support and maintenance (‘IT Agreement’) and software development (‘Second Amendment’) that fall within the scope of ASC 606. The Company recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those goods or services as per the contract with the customer. As a result, the Company accounts for revenue contracts with customers by applying the requirements of Accounting Standards Codification Topic 606, Revenue from 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. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) The Company adopted ASC 606 using the modified retrospective method applied to all contracts not completed as of January 1, 2019. The Company presents results for reporting periods beginning after January 1, 2019, under ASC 606, while prior period amounts are reported following legacy GAAP. In addition to the above guidelines, the Company also considers implementation guidance on warranties, customer options, licensing, and other topics. The Company considers revenue collectability, methods for measuring progress toward complete satisfaction of a performance obligation, warranties, customer options for additional goods or services, nonrefundable upfront fees, licensing, customer acceptance, and other relevant categories. The Company accounts for a contract when the Company and the customer (‘parties’) have approved the contract and are committed to performing their respective obligations. Each party can identify its rights, obligations, and payment terms; the contract has commercial substance. The Company will probably collect all of the consideration. Revenue is recognized when performance obligations are satisfied by transferring control of the promised service to a customer. The Company fixes the transaction price for goods and services at contract inception. The Company’s standard payment terms are generally net 30 days and, in some cases, due upon receipt of the invoice. The Company considers the change in scope, price, or both as contract modifications. The parties describe contract modification as a change order, a variation, or an amendment. A contract modification exists when the parties approve a modification that either creates new or changes existing enforceable rights and obligations. The Company assumes a contract modification by oral agreement or implied by the customer’s customary business practice when agreed in writing. If the parties to the contract have not approved a contract modification, the Company continues to apply the existing contract’s guidance until the contract modification is approved. The Company recognizes contract modification in various forms –partial termination, an extension of the contract term with a corresponding price increase, adding new goods or services to the contract, with or without a corresponding price change, and reducing the contract price without a change in goods/services promised. At contract inception, the Company assesses the solutions or services, or bundles of solutions and services, obligated in the contract with a customer to identify each performance obligation within the contract and then evaluate whether the performance obligations are capable of being distinct and distinct within the context of the agreement. Solutions and services that are not capable of being distinct and distinct within the contract context are combined and treated as a single performance obligation in determining the allocation and recognition of revenue. For multi-element transactions, the Company allocates the transaction price to each performance obligation on a relative stand-alone selling price basis. The Company determines the stand-alone selling price for each item at the transaction’s inception involving these multiple elements. Since January 21, 2016 (‘Inception’), the Company has derived its revenues mainly from consulting services, technology solutions, and customized software development. The Company recognizes revenue when it has satisfied a performance obligation by transferring control over a product or delivering a service to a customer. We measure revenue based upon the consideration outlined in an arrangement or contract with a customer. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) The Company’s typic The Company’s typical performance obligations include the following: Performance Obligation Types of Deliverables When Performance Obligation is Typically Satisfied Consulting Services Consulting related to Start-Your-Own-Brokerage (“SYOB”), Start-Your-Own-Prime Brokerage (“SYOPB”), FX/OTC liquidity solutions and lead generations. The Company recognizes the consulting revenues when the customer receives services over the contract length. If the customer pays the Company in advance for these services, the Company records such payment as deferred revenue until the Company completes the services. Technology Services Licensing 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 fintech-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 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. The Company recognizes the software development revenues when the Customer obtains control of the deliverables as stated in the Statement-of-Work contract. The Company assumes that the goods or services promised in the existing contract will be transferred to the customer to determine the transaction price. The Company believes that the contract will not be canceled, renewed, or modified; therefore, the transaction price includes only those amounts to which the Company has rights under the present contract. For example, if the Company enters into a contract with a customer with an original term of one year and expects the customer to renew for a second year, the Company would determine the transaction price based on the initial one-year period. When choosing the transaction price, the company first identifies the fixed consideration, including non-refundable upfront payment amounts. To allocate the transaction price, the Company gives an amount that best represents the consideration that the entity expects to receive for transferring each promised good or service to the customer. The Company allocates the transaction price to each performance obligation identified in the contract on a relative standalone selling price basis to meet the allocation objective. In determining the standalone selling price, the Company uses the best evidence of the stand-alone selling price that the Company charges to similar customers in similar circumstances. In some cases, the Company uses the adjusted market assessment approach to determine the standalone selling price. It evaluates the market in which it sells the goods or services and estimates the price that customers in that market would pay for those goods or services when sold separately. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) The Company recognizes revenue when or as it transfers the promised goods or services in the contract. The Company considers the “transfers” of the promised goods or services when the customer obtains control of the goods or services. The Company considers a customer “obtains control” of an asset when it can direct the use of, and obtain all the remaining benefits from, an asset substantially. The Company recognizes deferred revenue related to services it will deliver within one year as a current liability. The Company presents deferred revenue related to services that the Company will provide more than one year into the future as a non-current liability. For the period ending December 31, 2019, the Company’s two primary revenue streams accounted for under ASC 606 follows: The Company entered into a definitive asset purchase agreement on July 19, 2017, to sell the code, installation, and future development for two hundred and fifty thousand ($ 250,000 160,000 160,000 18,675 17,750 80,000 20,000 According to the Second Amendment, the Company identifies two primary ongoing performance obligations in the contract for the following development services of the Platform: a) Customized developments, and b) Software updates. The Company receives $75 per hour for the first 100 hours/month of approved development services and $45 per hour for all services over 100 hours per month. The Company invoices the Customer for all development services rendered, and any cash received for the development services is non-refundable On February 5, 2018 (‘Effective Date’), the Company signed an IT support and maintenance agreement (‘IT Agreement’) with an FX/OTC broker (‘FX Broker’) regulated by the Malta Financial Services Authority. The Company earns the recurring monthly payment from the FX Broker for delivering IT support and maintenance services (‘Services’) to FX Broker’s legacy technology infrastructure. The term of this Agreement commenced on the Effective Date and shall continue until terminated by either party either for cause, bankruptcy, and other default clauses. The Company completes and satisfies its performance obligation upon accomplishing all support and maintenance activities every month. The Company invoices the FX Broker at the beginning of the month for services performed, delivered, and accepted for the prior month. At the time of the invoice, the Company renders all Services, and any cash received for Services is non-refundable. According to the contract’s terms and conditions, the Company invoices the customer at the beginning of the month for the month’s services. The invoice amount is due upon receipt. The Company recognizes the revenue at the end of each month, equal to the invoice amount. AD Advisory Services Pty (ADS), the Company’s wealth management revenue, primarily consists of advisory revenue, commission revenue from insurance products, fees to prepare the statement of advice, rebalancing portfolio, and other financial planning activities. We recognize revenue upon the transfer of services to customers in an amount that reflects the consideration we expect to receive in exchange for those services. If we receive payments in advance of services, we defer and recognize them as revenue when satisfied with our performance obligation. Advisory revenue includes fees charged to clients in advisory accounts for which we are the licensed investment advisor. We bill advisory fees weekly. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Concentrations of Credit Risk	Concentrations of Credit Risk Cash The Company maintains its cash balances at a single financial institution. The account balances are within FDIC limits as of June 30, 2023, and December 31, 2022. Revenues Technology & Software Revenue – The Company generated Technology & Software Revenue of $ 474,565 156,500 68.59 86.41 Wealth Management Revenue – the Company’s subsidiary ADS generated $ 2,836,271 Accounts Receivable Accounts Receivable primarily represents the amount due from three (3) active technology customers. In some cases, the customer receivables are due immediately on demand; however, in most cases, the Company offers net 30 terms or n/30, where the payment is due in full 30 days after the invoice’s date. The Company has based the allowance for doubtful accounts on its assessment of the collectability of customer accounts. The Company regularly reviews the allowance by considering historical experience, credit quality, the accounts receivable balances’ age, and economic conditions that may affect a customer’s ability to pay and expected default frequency rates. Trade receivables are written off at the point when they are considered uncollectible. At June 30, 2023, and December 31, 2022, the Management determined that allowance for doubtful accounts was $ 136,487 123,987 10,500 0
Research and Development (R and D) Cost	Research and Development (R and D) Cost The Company acknowledges that future benefits from research and development (R and D) are uncertain, so we cannot capitalize on R and D expenditure. The GAAP accounting standards require us to expense all research and development expenditures as incurred. For the Three Months ended June 30, 2023, and 2022, the Company incurred no
Legal Proceedings	Legal Proceedings The Company discloses a loss contingency if at least there is a reasonable possibility that a material loss has been incurred. The Company records its best estimate of loss related to pending legal proceedings when the loss is considered probable and the amount can be reasonably estimated. The Company can reasonably estimate a range of loss with no best estimate; the Company records the minimum estimated liability. As additional information becomes available, the Company assesses the potential liability related to pending legal proceedings, revises its estimates, and updates its disclosures accordingly. The Company’s legal costs associated with defending itself are recorded as expenses incurred. The Company is currently not involved in any litigation. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company reviews long-lived assets for impairment under FASB ASC 360, Property, Plant, and Equipment. Under the standard, long-lived assets are tested for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. An impairment charge is recognized when the asset’s carrying value exceeds the fair value. There are no
Provision for Income Taxes	Provision for Income Taxes The provision for income taxes is determined using the asset and liability method. This method calculates deferred tax assets and liabilities based on the temporary differences between the consolidated financial statement and income tax bases of assets and liabilities using the enacted tax rates applicable each year. The Company utilizes a two-step approach to recognizing and measuring uncertain tax positions (“tax contingencies”). The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes. The second step is to measure the tax benefit as the largest amount, more than 50%, likely to be realized upon ultimate settlement. The Company considers many factors when evaluating and estimating its tax positions and benefits, requiring periodic adjustments, which may not accurately forecast actual outcomes. The Company includes interest and penalties related to tax contingencies in the provision of income taxes in the operations’ consolidated statements. The Company’s management does not expect the total amount of unrecognized tax benefits to change significantly in the next twelve (12) months.
Software Development Costs	Software Development Costs By ASC 985-20, Software development costs, including costs to develop software sold, leased, or otherwise marketed, are capitalized after establishing technological feasibility, if significant. The Company amortizes the capitalized software development costs using the straight-line amortization method over the application software’s estimated useful life. By the end of February 2016, the Company completed the technical feasibility of the Condor FX Back Office, Condor Pro Multi-Asset Trading Platform Version, and Condor Pricing Engine. The Company established the technical feasibility of the Crypto Web Trader Platform in February 2018. The Company completed the technical feasibility of the Condor Investing and Trading App in January 2021. The Company estimates the useful life of the software to be three ( 3 Amortization expenses were $ 22,503 120,988 The Company is developing the Condor Investing and Trading App and NFT Marketplace. The Company is currently capitalizing the costs associated with the development. The Company spent $ 15,600 The Company capitalizes significant costs incurred during the application development stage for internal-use software. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Convertible Debentures	Convertible Debentures The cash conversion guidance in ASC 470-20, Debt with Conversion and Other Options, is considered when evaluating the accounting for convertible debt instruments (this includes certain convertible preferred stock that is classified as a liability) to determine whether the conversion feature should be recognized as a separate component of equity. The cash conversion guidance applies to all convertible debt instruments that, upon conversion, may be settled entirely or partially in cash or other assets where the conversion option is not bifurcated and separately accounted for pursuant to ASC 815. If the conversion features of conventional convertible debt provide a conversion rate below market value, this feature is characterized as a beneficial conversion feature (“BCF”). The Company records BCF as a debt discount pursuant to ASC Topic 470-20, Debt with Conversion and Other Options. In those circumstances, the convertible debt is recorded net of the discount related to the BCF. The Company amortizes the discount to interest expense over the life of the debt using the effective interest method. As of December 31, 2020, the conversion features of conventional FRH Group convertible notes dated February 22, 2016, May 16, 2016, November 17, 2016, and April 24, 2017 (See Note 8) provide for a rate of conversion where the conversion price is below the market value. As a result, the conversion feature on all FRH Group convertible notes has a beneficial conversion feature (“BCF”) to the extent of the price difference. As the Company and FRH Group extended the maturity date of the four (4) tranches of convertible notes to June 30, 2021, Management analyzed the fair value of the BCF on these tranches. The Company noted that the value of the BCF for each note was insignificant; thus, it did not record debt discounts as of December 31, 2020. For FRH Group convertible note dated April 24, 2017, the stock’s value at the issuance date was above the floor conversion price; this feature is characterized as a beneficial conversion feature (“BCF”). The Company records a BCF as a debt discount pursuant to ASC Topic 470-20, “Debt with Conversion and Other Options.” As a result, the convertible debt is recorded net of the discount related to the BCF. As of December 31, 2017, the Company has amortized the discount of $ 97,996 The $ 97,996
Foreign Currency Translation and Re-measurement	Foreign Currency Translation and Re-measurement The Company translates its foreign operations to US dollars following ASC 830, “ Foreign Currency Matters We have translated the local currency of ADS, the Australian Dollar (“AUD”), and the Euro (“EUR”) as some of our clients pay in EUR; we have cash balances in EUR into US$1.00 at the following exchange rates for the respective dates. Exchange rate at the reporting end date: SCHEDULE OF EXCHANGE RATE June 30, 2023 USD: AUD $ 1.5009 USD: EUR $ 0.9222 Average exchange rate for the period: January 1, 2022, to June 30, 2023 USD: AUD $ 1.4965 The Company subsidiary’s functional currency is AUD, and reporting currency is the US dollar. The Company translates its records into USD as follows: ● Assets and liabilities at the rate of exchange in effect at the balance sheet date ● Equities at the historical rate ● Revenue and expense items at the average rate of exchange prevailing during the period NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Fair Value	Fair Value The Company uses current market values to recognize certain assets and liabilities at a fair value. The fair value is the estimated price at which the Company can sell the asset or settle a liability in an orderly transaction to a third party under current market conditions. The Company uses the following methods and valuation techniques for deriving fair values: Market Approach – The market approach uses the prices associated with actual market transactions for similar or identical assets and liabilities to derive a fair value. Income Approach – The income approach uses estimated future cash flows or earnings, adjusted by a discount rate representing the time value of money and the risk of cash flows not being achieved to derive a discounted present value. Cost Approach – The cost approach uses the estimated cost to replace an asset adjusted for the obsolescence of the existing asset. The Company ranks the fair value hierarchy of information sources from Level 1 (best) to Level 3 (worst). The Company uses these three levels to select inputs for valuation techniques: Level I Level 2 Level 3 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 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.
Basic and Diluted Income (Loss) per Share	Basic and Diluted Income (Loss) per Share The 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 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 June 30, 2023, and December 31, 2022, the Company had 333,584,729 211,275,550 12,569,080 685,168 785,417
Reclassifications	Reclassifications We have reclassified certain prior period amounts to conform to the current year’s presentation. None of these classifications impacted reported operating loss or net loss for any period presented. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), which supersedes the revenue recognition requirements in Topic 605, Revenue Recognition, including most industry-specific requirements. ASU 2014-09 establishes a five-step revenue recognition process; an entity will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. ASU 2014-09 also requires enhanced disclosures regarding the nature, amount, timing, and uncertainty of revenues and cash flows from customers’ contracts. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, which defers the effective date of ASU 2014-09 by one (1) year. The Company adopted ASC 606 using the modified retrospective method applied to all contracts not completed as of January 1, 2019. The Company presents results for reporting periods beginning after January 1, 2019, under ASC 606, while prior period amounts are reported following legacy GAAP. Refer to Note 2 Revenue from Major Contracts with Customers for further discussion on the Company’s accounting policies for revenue sources within the scope of ASC 606. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 840) to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The amendments to this standard are effective for fiscal years beginning after December 15, 2019. Early adoption of the amendments to this standard is permitted for all entities. The Company must recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. The Company adopted this policy as of January 1, 2020, and there is no material effect on its financial reporting. In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement.” The amendments modify the disclosure requirements in Topic 820 to add disclosures regarding changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty. The amendments removed and modified certain disclosure requirements in Topic 820. The amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Certain amendments are to be applied prospectively, while others are to be applied retrospectively. Early adoption is permitted. The Company adopted the ASU 2018-13 as of January 1, 2020. The Company used the Level 1 Fair Market Measurement to record, at cost, ADS’ intangible assets valued at $ 2,550,003 ASU 2020-06, “Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity”, issued in August 2020 simplifies the accounting for convertible debt and convertible preferred stock by removing the requirements to present certain conversion features in equity separately. In addition, the amendments also simplify the guidance in ASC Subtopic 815-40, Derivatives and Hedging: Contracts in Entity’s Own Equity, by removing certain criteria that must be satisfied to classify a contract as equity, which is expected to decrease the number of freestanding instruments and embedded derivatives accounted for as assets or liabilities. Finally, the amendments revise the guidance on calculating earnings per share, requiring the use of the if-converted method for all convertible instruments and rescinding an entity’s ability to rebut the presumption of share settlement for instruments that may be settled in cash or other assets. The amendments are effective for public companies for fiscal years beginning after December 15, 2021. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020. The guidance must be adopted as of the beginning of the fiscal year of adoption. The Company does not expect this ASU 2020-06 to impact its condensed consolidated financial statements. Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force) and the United States Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future consolidated financial statements.

BUSINESS DESCRIPTION AND NATU_2

BUSINESS DESCRIPTION AND NATURE OF OPERATIONS (Tables)	6 Months Ended
BUSINESS DESCRIPTION AND NATURE OF OPERATIONS (Tables)	Jun. 30, 2023
Accounting Policies [Abstract]
SCHEDULE OF BUSINESS ACQUISITIONS	Alchemy (Malta)’s Balance Sheet as of June 30, 2023 (Acquisition Date): SCHEDULE OF BUSINESS ACQUISITIONS Description Fair Value, $ Cash and cash equivalents (1) 24,510 Financial assets at fair value through profit and loss (2) 741,231 Receivables (3) 2,715,888 Fixed assets (4) 3,096 - Current liabilities (5) (482,022 ) - Deferred tax liabilities (6) (349,326 ) Net assets (A) 2,653,377 Purchase Price 50.10% (B) 350,000 Non-controlling interest (C), 49.90% 1,324,035 FDCTech gain on bargain purchase (A) – (B) – (C) 979,342

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	Jun. 30, 2023
Accounting Policies [Abstract]
SCHEDULE OF EXCHANGE RATE	Exchange rate at the reporting end date: SCHEDULE OF EXCHANGE RATE June 30, 2023 USD: AUD $ 1.5009 USD: EUR $ 0.9222 Average exchange rate for the period: January 1, 2022, to June 30, 2023 USD: AUD $ 1.4965

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	6 Months Ended
NOTES PAYABLE (Tables)	Jun. 30, 2023
Debt Disclosure [Abstract]
SCHEDULE OF NOTES PAYABLE	FRH Group Note Summary SCHEDULE OF NOTES PAYABLE Date of Note: 2/22/2016 5/16/2016 11/17/2016 4/24/2017 Original Amount of Note: $ 100,000 $ 400,000 $ 250,000 $ 250,000 Outstanding Principal Balance: $ - $ - $ - $ - Conversion Date (1) 02/22/2021 02/22/2021 02/22/2021 02/22/2021 Interest Rate: 6 % 6 % 6 % 6 % Date to which interest has been paid: Accrued Accrued Accrued Accrued Conversion Rate on February 22, 2021: $ 0.10 $ 0.10 $ 0.10 $ 0.10 Floor Conversion Price: $ 0.05 $ 0.05 $ 0.05 $ 0.05 Number Shares Converted for Original Note: 1,000,000 4,000,000 2,500,000 2,500,000 Number Shares Converted for Interest: 29,117 111,000 61,792 55,000 (1) Note Extension 1,256,908 12,569,080

WARRANTS (Tables)

WARRANTS (Tables)	6 Months Ended
WARRANTS (Tables)	Jun. 30, 2023
Warrants
SCHEDULE OF WARRANTS ACTIVITY	Information About the Warrants Outstanding During Fiscal 2022 Follows SCHEDULE OF WARRANTS ACTIVITY Original Exercise Exercisable Became Exercised Terminated / Canceled / Exercisable At March 31, Expiration 653,332 $ 0.30 - - - 653,332 - April 2019

SCHEDULE OF BUSINESS ACQUISITIO

SCHEDULE OF BUSINESS ACQUISITIONS (Details)	Jun. 30, 2023 USD ($)
Accounting Policies [Abstract]
Cash and cash equivalents (1)	$ 24,510
Financial assets at fair value through profit and loss (2)	741,231
Receivables (3)	2,715,888
Fixed assets (4)	3,096
- Current liabilities (5)	(482,022)
- Deferred tax liabilities (6)	(349,326)
Net assets (A)	2,653,377
Purchase Price 50.10% (B)	350,000
Non-controlling interest (C), 49.90%	1,324,035
FDCTech gain on bargain purchase (A) – (B) – (C)	$ 979,342

BUSINESS DESCRIPTION AND NATU_3

BUSINESS DESCRIPTION AND NATURE OF OPERATIONS (Details Narrative) - USD ($)																		1 Months Ended		2 Months Ended	3 Months Ended		6 Months Ended		14 Months Ended
	Mar. 28, 2023	Jan. 25, 2023	Dec. 31, 2022	Sep. 30, 2022	Jul. 19, 2022	Jan. 27, 2022	Dec. 22, 2021	Oct. 04, 2021	Jun. 02, 2021	Feb. 22, 2021	May 22, 2020	May 01, 2020	Apr. 24, 2017	Mar. 15, 2017	Nov. 17, 2016	May 16, 2016	Feb. 22, 2016	Feb. 10, 2022	Feb. 15, 2019	Nov. 30, 2021	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Apr. 24, 2017	Feb. 17, 2022	Dec. 31, 2021	Sep. 03, 2021	Aug. 24, 2021	Feb. 12, 2021
Product Information [Line Items]
Newly issued restricted common shares	2,000,000	115,000,000		30,000,000										1,000,000					33,000
Revenue																					$ 1,765,149	$ 1,525,849	$ 3,310,836	$ 3,066,971
Cost of sales																					1,322,492	1,370,728	2,571,638	2,746,178
Gross profit																					442,657	155,121	739,198	320,793
Line of credit			$ 47,369																		50,310		50,310
Related party loan			99,488																		640,632		640,632
Cares act- paycheck protection program advance			$ 40,139																		$ 32,644		32,644
Proceeds from issuance of common stock																							$ 576,000	114,185
Warrants exercise price per share			$ 0.30
Common stock, par value			$ 0.0001																		$ 0.0001		$ 0.0001			$ 0.0001		$ 0.0001		$ 0.0001
Related Party [Member]
Product Information [Line Items]
Related party loan																											$ 81,000
Maximum [Member]
Product Information [Line Items]
Sale of stock shares								22,670,000
Paycheck Protection Program [Member]
Product Information [Line Items]
Proceeds from promissory note												$ 50,632
Interest rate												1%									1%		1%
Cares act- paycheck protection program advance																					$ 33,665		$ 33,665
FRH Group Corp [Member] \| Convertible Promissory Notes [Member]
Product Information [Line Items]
Debt instrument, face value													$ 1,000,000												$ 1,000,000
Debt maturity description																									February 28, 2018, and April 24, 2019
Debt instrument convertible conversion price													$ 0.10		$ 0.10	$ 0.10	$ 0.10								$ 0.10
Number shares converted for original note													2,500,000		2,500,000	4,000,000	1,000,000
Interest										$ 1,256,908
Number of common shares issued										12,569,080
Interest rate													6%												6%
Loan outstanding amount													$ 1,000,000												$ 1,000,000
Debt instrument face amount													$ 250,000		$ 250,000	$ 400,000	$ 100,000								$ 250,000
Debt instrument maturity date													Apr. 24, 2019		Nov. 30, 2018	May 31, 2018	Feb. 28, 2018
FRH Group Corp [Member] \| Convertible Promissory Notes [Member] \| Maximum [Member]
Product Information [Line Items]
Debt instrument convertible conversion price													$ 0.05		$ 0.05	$ 0.05	$ 0.05								$ 0.05
Number shares converted for original note													5,000,000		5,000,000	8,000,000	2,000,000								20,000,000
AD Securities America, LLC [Member]
Product Information [Line Items]
Newly issued restricted common shares								2,000,000
Number of shares acquired								2,000,000
AD Securities America, LLC [Member] \| Maximum [Member]
Product Information [Line Items]
Number of value acquired								$ 2,200,000
White Lion Capital, LLC [Member]
Product Information [Line Items]
Newly issued restricted common shares								670,000										2,500,000		750,000
Number of shares acquired								20,000,000
Small Business Administration [Member]
Product Information [Line Items]
Interest rate											3.75%
Proceeds from SBA loan											$ 144,900
Debt instrument, periodic payment											707
Loans payable											$ 144,900
Loan outstanding amount																					143,306		143,306
AJB Capital Investments, LLC [Member]
Product Information [Line Items]
Interest						$ 71,521
Number of common shares issued						2,214,286
Debt instrument face amount						$ 550,000
Debt instrument maturity date						Jul. 27, 2022
Debt instrument, interest rate, effective percentage						10%
Proceeds from issuance of common stock						$ 155,000
Share issued price						$ 0.07
Warrants to purchase common stock						1,000,000
Warrants term						3 years
Warrants exercise price per share						$ 0.30
Wealth Management [Member]
Product Information [Line Items]
Revenue																					1,463,834	1,436,849	2,836,271	2,910,471
Cost of sales																					$ 1,319,021	$ 1,310,234	2,549,135	2,625,190
Wealth Management [Member] \| AD Advisory Service Pty Ltd [Member]
Product Information [Line Items]
Revenue																							2,836,271
Cost of sales																							2,549,135
Gross profit																							287,136
Technology and Software Development [Member]
Product Information [Line Items]
Revenue																							$ 474,565	$ 156,500
AD Financial Services Pty Ltd [Member]
Product Information [Line Items]
Business acquisition, percentage of voting interests acquired							51%
Newly issued restricted common shares							45,000,000
New Star Capital Trading Ltd [Member]
Product Information [Line Items]
Business acquisition, percentage of voting interests acquired			50.10%
CIM Securities LLC [Member]
Product Information [Line Items]
Business acquisition, percentage of voting interests acquired					51%
Payments for non-refundable deposit				$ 20,000
Transferred to escrow account				$ 180,000
Business acquisition holds controlling interest					$ 180,000
Share Exchange Agreement [Member] \| AD Advisory Service Pty Ltd [Member]
Product Information [Line Items]
Newly issued restricted common shares							45,000,000
Equity method investment ownership percentage							100%
Share Exchange Agreement [Member] \| AD Financial Services Pty Ltd [Member]
Product Information [Line Items]
Business acquisition, percentage of voting interests acquired							51%
Sales Purchase Agreement [Member] \| New Star Capital Trading Ltd [Member]
Product Information [Line Items]
Business acquisition, percentage of voting interests acquired			50.10%
Business acquisition loan liability			$ 350,000
Stock Purchase Agreement [Member] \| Genesis Financial, Inc. [Member]
Product Information [Line Items]
Business acquisition, percentage of voting interests acquired									100%																				68.73%
Business acquisition, equity interest issued or issuable, number of shares									70,000,000
Business acquisition, equity interest issued or issuable, value assigned									$ 35,000,000
Investment Agreement [Member] \| White Lion Capital, LLC [Member]
Product Information [Line Items]
Stock issued during period shares on commitment fee								670,000
Line of credit			$ 111,244

SCHEDULE OF EXCHANGE RATE (Deta

SCHEDULE OF EXCHANGE RATE (Details)	Jun. 30, 2023
Period End USD: AUD [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
USD: AUD	1.5009
Period End USD: EUR [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
USD: AUD	0.9222
Average End USD: AUD [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
USD: AUD	1.4965

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)			1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Sep. 04, 2018	Jul. 19, 2017	Aug. 31, 2018	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2017	Jan. 02, 2020
Product Information [Line Items]
Cash and cash equivalents				$ 127,057		$ 127,057		$ 264,829
Allowances for accounts receivable				136,487		136,487		123,987
Provision for doubtful accounts						10,500
Sales and marketing				11,818	$ 70,055	$ 41,823	239,448
Proceeds from sale of source code										$ 160,000
Revenue recognized										160,000
Software developments revenue wroteoff										18,675
Performance obligations, description						The Company receives $75 per hour for the first 100 hours/month of approved development services and $45 per hour for all services over 100 hours per month. The Company invoices the Customer for all development services rendered, and any cash received for the development services is non-refundable
Revenue from contract with customer excluding assessed tax				1,765,149	1,525,849	$ 3,310,836	$ 3,066,971
Research and development expense				$ 0	$ 0
Impairment charges						$ 0		$ 0
Finite-lived intangible asset, useful life				3 years	3 years	3 years	3 years
Amortization expense						$ 22,503	$ 120,988
Research and development software cost									$ 15,600
Amortized discount										97,996
Intrinsic value										$ 97,996
Common stock, shares outstanding				333,584,729		333,584,729		211,275,550
Intangible assets in fair value											$ 2,550,003
Common Stock Equivalents [Member]
Product Information [Line Items]
Anti-dilutive net loss						$ 685,168	785,417
Technology and Software [Member]
Product Information [Line Items]
Revenue from contract with customer excluding assessed tax						474,565	156,500
Wealth Management [Member]
Product Information [Line Items]
Revenue from contract with customer excluding assessed tax				$ 1,463,834	$ 1,436,849	$ 2,836,271	$ 2,910,471
Definitive Asset Purchase Agreement [Member]
Product Information [Line Items]
Cost of future development		$ 250,000
Asset Purchase Agreement [Member]
Product Information [Line Items]
Proceeds from settlement of delivered services			$ 17,750
Second Amendment [Member]
Product Information [Line Items]
Proceeds from sale of source code	$ 80,000
Second Amendment [Member] \| Four Installments [Member]
Product Information [Line Items]
Proceeds from sale of source code	$ 20,000
Assignment of Debt Agreement [Member] \| FRH Group Corporation [Member]
Product Information [Line Items]
Number of shares issued during period						12,569,080
Revenue Benchmark [Member] \| Sales and Marketing [Member] \| Customer [Member]
Product Information [Line Items]
Sales percentage						1.26%	7.81%
Revenue Benchmark [Member] \| Customer Concentration Risk [Member] \| Top 3 Customers [Member]
Product Information [Line Items]
Sales percentage						68.59%	86.41%

MANAGEMENT_S PLANS (Details Nar

MANAGEMENT’S PLANS (Details Narrative) - USD ($)		1 Months Ended	3 Months Ended		6 Months Ended
MANAGEMENT’S PLANS (Details Narrative) - USD ($)	Jan. 27, 2022	Feb. 15, 2019	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Accumulated deficit			$ 3,649,885		$ 3,649,885		$ 4,335,053
Working capital deficit			2,307,322		2,307,322		550,098
Net loss			922,343	$ (381,473)	685,168	$ (785,417)
Cash			$ 127,057		127,057		$ 264,829
Proceeds from issuance of common stock					$ 576,000	$ 114,185
Number of shares issued during period		2,967,000
Warrants exercise price per share							$ 0.30
AJB Capital Investments, LLC [Member]
Debt instrument, principal amount	$ 550,000
Debt, maturity date	Jul. 27, 2022
Debt interest rate	10%
Proceeds from issuance of common stock	$ 155,000
Number of shares issued during period	2,214,286
Share issued price	$ 0.07
Warrants to purchase common stock	1,000,000
Warrants term	3 years
Warrants exercise price per share	$ 0.30

CAPITALIZED SOFTWARE COSTS (Det

CAPITALIZED SOFTWARE COSTS (Details Narrative) - USD ($)	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022
Capitalized Software Costs
Estimated useful life of capitalized software	3 years		3 years
Gross capitalized software asset	$ 1,743,599	$ 1,586,989
Accumulated software depreciation and amortization expenses	847,850	825,347
Unamortized balance of capitalized software	$ 895,748	$ 761,642

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)			1 Months Ended			6 Months Ended		12 Months Ended		14 Months Ended
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	Feb. 22, 2021	Mar. 21, 2017	Jan. 31, 2023	Sep. 30, 2022	Feb. 15, 2019	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2020	Apr. 24, 2017	Dec. 31, 2022
Related Party Transaction [Line Items]
Number of shares issued during period					2,967,000
Value of shares issued during period						$ 60,525	$ 31,250
Interest						17,386					$ 14,703
Common stock for cash consideration, value						$ 550,000	$ 93,750
Alchemy Prime Limited [Member]
Related Party Transaction [Line Items]
Common stock for cash consideration, shares			115,000,000	30,000,000
Common stock for cash consideration, value			$ 550,000	$ 300,000
Share based compensation, shares				5,000,000
Share based compensation, value				$ 60,000
Stock Purchase Agreement [Member] \| Susan Eaglstein [Member]
Related Party Transaction [Line Items]
Number of shares issued during period		1,000,000
Stock Purchase Agreement [Member] \| Brent Eaglstein [Member]
Related Party Transaction [Line Items]
Number of shares issued during period		400,000
Shares issued, price per share		$ 0.05
Value of shares issued during period		$ 70,000
Assignment of Debt Agreement [Member] \| FRH Group Corporation [Member]
Related Party Transaction [Line Items]
Number of shares issued during period	12,569,080
Interest	$ 1,256,908
FRH Prime Ltd. [Member]
Related Party Transaction [Line Items]
Generated volume rebates								$ 0	$ 1,861
FRH Prime Ltd. [Member] \| Convertible Promissory Notes [Member]
Related Party Transaction [Line Items]
Short term debt										$ 1,000,000
Debt maturity date description										April 24, 2019, and June 30, 2019
Debt instrument convertible price per share										$ 0.10
Debt interest rate										6%
FRH Prime Ltd. [Member] \| Convertible Promissory Notes [Member] \| Minimum [Member]
Related Party Transaction [Line Items]
Debt instrument convertible price per share										$ 0.05

LINE OF CREDIT (Details Narrati

LINE OF CREDIT (Details Narrative) - USD ($)	Jun. 30, 2023	Dec. 31, 2022	Mar. 31, 2022	Jun. 24, 2016
Line of credit	$ 50,310	$ 47,369
Minimum [Member]
Line of credit facility interest rate at period end			12%
Maximum [Member]
Line of credit facility interest rate at period end			25%
Bank of America [Member]
Line of credit				$ 40,000

SCHEDULE OF NOTES PAYABLE (Deta

SCHEDULE OF NOTES PAYABLE (Details) - FRH Group Note [Member] - USD ($)		Apr. 24, 2017	Nov. 17, 2016	May 16, 2016	Feb. 22, 2016
Short-Term Debt [Line Items]
Original Amount of Note		$ 250,000	$ 250,000	$ 400,000	$ 100,000
Outstanding Principal Balance
Conversion Date:	[1]	Feb. 22, 2021	Feb. 22, 2021	Feb. 22, 2021	Feb. 22, 2021
Interest Rate:		6%	6%	6%	6%
Date to which interest has been paid:		Accrued	Accrued	Accrued	Accrued
Conversion Rate on February 22, 2021:		$ 0.10	$ 0.10	$ 0.10	$ 0.10
Floor Conversion Price:		$ 0.05	$ 0.05	$ 0.05	$ 0.05
Number Shares Converted for Original Note:		2,500,000	2,500,000	4,000,000	1,000,000
Number Shares Converted for Interest:		55,000	61,792	111,000	29,117

[1] Note Extension 1,256,908 12,569,080

SCHEDULE OF NOTES PAYABLE (De_2

SCHEDULE OF NOTES PAYABLE (Details) (Parenthetical) - USD ($)		1 Months Ended
	Feb. 22, 2021	Feb. 15, 2019
Short-Term Debt [Line Items]
Common stock for cash, shares		2,967,000
Four Outstanding FRH Group Convertible Notes [Member]
Short-Term Debt [Line Items]
Interest amount	$ 1,256,908
Common stock for cash, shares	12,569,080

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - USD ($)										1 Months Ended	6 Months Ended		14 Months Ended
NOTES PAYABLE (Details Narrative) - USD ($)	Jan. 27, 2022	Feb. 22, 2021	May 22, 2020	May 14, 2020	May 01, 2020	Apr. 24, 2017	Nov. 17, 2016	May 16, 2016	Feb. 22, 2016	Feb. 15, 2019	Jun. 30, 2023	Jun. 30, 2022	Apr. 24, 2017	Dec. 31, 2022	Dec. 31, 2020	Dec. 31, 2019
Short-Term Debt [Line Items]
Convertible notes payable, current															$ 1,000,000	$ 1,000,000
Accrued interest															$ 256,908	$ 196,908
Cares act- paycheck protection program advance											$ 32,644			$ 40,139
Proceeds from issuance of common stock											576,000	$ 114,185
Number of shares issued during period										2,967,000
Warrant price per share														$ 0.30
Small Business Administration [Member]
Short-Term Debt [Line Items]
Loan outstanding amount											$ 143,306
Interest rate			3.75%
Proceeds from SBA loan			$ 144,900
Debt instrument, periodic payment			707
Loans payable			$ 144,900
AJB Capital Investments, LLC [Member]
Short-Term Debt [Line Items]
Debt instrument, principal amount	$ 550,000
Debt, maturity date	Jul. 27, 2022
Proceeds from issuance of common stock	$ 155,000
Number of shares issued during period	2,214,286
Value of shares issued during period	$ 71,521
Number of warrant shares	1,000,000
Warrants term	3 years
Warrant price per share	$ 0.30
Convertible Promissory Notes [Member] \| FRH Group Corp [Member]
Short-Term Debt [Line Items]
Loan outstanding amount						$ 1,000,000							$ 1,000,000
Debt instrument convertible conversion price						$ 0.10	$ 0.10	$ 0.10	$ 0.10				$ 0.10
Interest rate						6%							6%
Debt instrument periodic interest rate													10%
Debt instrument, principal amount						$ 250,000	$ 250,000	$ 400,000	$ 100,000				$ 250,000
Debt, maturity date						Apr. 24, 2019	Nov. 30, 2018	May 31, 2018	Feb. 28, 2018
Debt instrument, conversion shares						2,500,000	2,500,000	4,000,000	1,000,000
Debt conversion, converted instrument, rate						30%	30%	30%	30%
Value of shares issued during period		$ 1,256,908
Convertible Promissory Notes [Member] \| FRH Group Corp [Member] \| Minimum [Member]
Short-Term Debt [Line Items]
Debt instrument convertible conversion price						$ 0.05							$ 0.05
Convertible Promissory Notes [Member] \| FRH Group Corp [Member] \| Maximum [Member]
Short-Term Debt [Line Items]
Debt instrument convertible conversion price						$ 0.05	$ 0.05	$ 0.05	$ 0.05				$ 0.05
Debt instrument, conversion shares						5,000,000	5,000,000	8,000,000	2,000,000				20,000,000
Paycheck Protection Program [Member]
Short-Term Debt [Line Items]
Interest rate					1%						1%
Proceeds from promissory note					$ 50,632
Cares act- paycheck protection program advance											$ 33,665
Economic Injury Disaster Loan [Member]
Short-Term Debt [Line Items]
Program to offer emergency grant											$ 10,000
Amount received in grants				$ 4,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)			1 Months Ended			6 Months Ended		25 Months Ended
COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	Jan. 01, 2023	Oct. 01, 2020	Aug. 31, 2022	Feb. 28, 2020	Feb. 28, 2019	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2020	Dec. 31, 2022
Product Liability Contingency [Line Items]
Rental expense			$ 500			$ 12,790	$ 14,602
Office lease, description				From February 2020, this agreement continues every year upon written request by the Company. The Company uses the office for sales and marketing in Europe and Asia.
Office lease, term			11 months			1 month
Accrued interest						$ 17,386			$ 14,703
Payroll tax payable						$ 226,779			$ 204,828
Chief Executive Officer and Chief Financial Officer [Member]
Product Liability Contingency [Line Items]
Monthly compensation	$ 15,000	$ 12,000						$ 5,000
Employment Contracts [Member]
Product Liability Contingency [Line Items]
Office lease, description						The Company gave all salary compensation to key executives as independent contractors, where Eaglstein, Firoz, and Platt commit one hundred percent (100%) of their time to the Company.
General and Administrative Expense [Member]
Product Liability Contingency [Line Items]
Rental expense					$ 1,750
Payroll tax payable						$ 226,779
Irvine [Member]
Product Liability Contingency [Line Items]
Rental expense						95
NY [Member]
Product Liability Contingency [Line Items]
Rental expense						$ 890

STOCKHOLDERS_ EQUITY (DEFICIT)

STOCKHOLDERS’ EQUITY (DEFICIT) (Details Narrative) - USD ($)

1 Months Ended

2 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

Mar. 28, 2023

Jan. 25, 2023

Dec. 15, 2022

Dec. 12, 2022

Sep. 30, 2022

Jul. 31, 2022

Feb. 10, 2022

Jan. 27, 2022

Jan. 04, 2022

Dec. 22, 2021

Oct. 05, 2021

Oct. 04, 2021

Jul. 20, 2021

Jul. 06, 2021

Jun. 15, 2021

Jun. 02, 2021

May 19, 2021

Feb. 22, 2021

Jan. 31, 2021

Oct. 01, 2020

Jun. 03, 2020

Jan. 15, 2019

Oct. 31, 2017

Mar. 21, 2017

Mar. 17, 2017

Mar. 15, 2017

Dec. 12, 2016

Jan. 21, 2016

Jan. 31, 2023

Feb. 10, 2022

Dec. 31, 2021

Feb. 15, 2019

Nov. 30, 2021

Oct. 03, 2017

Jun. 30, 2023

Jun. 30, 2022

Dec. 31, 2020

Dec. 31, 2022

Feb. 17, 2022

Sep. 03, 2021

Feb. 12, 2021

Accumulated Other Comprehensive Income (Loss) [Line Items]

Shares authorized to issue

260,000,000

Common stock, shares authorized

500,000,000

250,000,000

Common stock, par value

$ 0.0001

Preferred stock, shares authorized

10,000,000

Preferred stock par value

$ 0.0001

Number of shares issued during period

2,967,000

Common stock, shares issued

333,584,729

211,275,550

Common stock, shares outstanding

333,584,729

211,275,550

Preferred stock, shares issued

4,000,000

Preferred stock, shares outstanding

4,000,000

Number of restricted common shares issued

2,000,000

115,000,000

30,000,000

1,000,000

33,000

Number of restricted common shares, value

$ 20,000

$ 550,000

$ 300,000

$ 50,000

$ 4,950

Value of shares issued during period

$ 60,525

$ 31,250

Interest

$ 17,386

$ 14,703

Warrant price per share

$ 0.30

AD Financial Services Pty Ltd [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted common shares issued

45,000,000

Restricted common shares, percentage

51%

Assignment of Debt Agreement [Member] | FRH Group Corporation [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares issued during period

12,569,080

Interest

$ 1,256,908

Hong Holding [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Preferred stock, shares issued

1,000,000

Preferred stock, shares outstanding

1,000,000

Benchmark Investments, Inc. [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares issued during period

2,745,053

Value of shares issued during period

$ 686,263

Shares issued price per share

$ 0.25

AD Securities America, LLC [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted common shares issued

2,000,000

Number of restricted common shares, value

$ 200,000

White Lion Capital, LLC [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted common shares issued

670,000

2,500,000

750,000

Number of restricted common shares, value

$ 80,400

$ 114,185

$ 62,375

AJB Capital Investments, LLC [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares issued during period

2,214,286

Shares issued price per share

$ 0.07

Value of shares issued during period

$ 71,521

Number of warrant shares

1,000,000

Warrants term

3 years

Warrant price per share

$ 0.30

Preferred Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Value of shares issued during period

Common Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares issued during period

5,309,179

500,000

Number of shares issued during period for services

115,000,000

1,500,000

Value of shares issued during period

$ 531

$ 50

One Common Shares and One Class A Warrant [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares issued during period

653,332

Value of shares issued during period

$ 98,000

Mitchell Eaglstein [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Preferred stock, shares issued

1,500,000

Preferred stock, shares outstanding

1,500,000

Mitchell Eaglstein [Member] | Preferred Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares issued during period

1,100,000

Number of shares issued during period for services

2,600,000

Mitchell Eaglstein [Member] | Common Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares issued during period for services

30,000,000

Imran Firoz [Member] | Preferred Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares issued during period

400,000

Number of shares issued during period for services

400,000

Imran Firoz [Member] | Common Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares issued during period for services

5,310,000

Felix R. Hong [Member] | Preferred Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares issued during period for services

1,000,000

Gope S. Kundnani [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Preferred stock, shares issued

1,500,000

Preferred stock, shares outstanding

1,500,000

Number of restricted common shares issued

5,000,000

Number of restricted common shares, value

$ 60,000

Two Founding Member [Member] | Common Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares issued during period

28,600,000

Three Individuals [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted common shares issued

1,500,000

Number of restricted common shares, value

$ 75,000

Susan Eaglstein [Member] | Stock Purchase Agreement [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares issued during period

1,000,000

Value of shares issued during period

$ 50,000

Bret Eaglstein [Member] | Stock Purchase Agreement [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares issued during period

400,000

Value of shares issued during period

$ 20,000

Management Consultants [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted common shares issued

70,000

Number of restricted common shares, value

$ 10,500

Eight Consultants [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted common shares issued

60,000

Number of restricted common shares, value

$ 9,000

Broker Dealer [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Return of common stock, shares

2,745,053

Digital Marketing Consultant [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted common shares issued

250,000

Number of restricted common shares, value

$ 30,000

Two Consultants [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted common shares issued

2,300,000

Number of restricted common shares, value

$ 621,000

Professional Services [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted common shares issued

1,750,000

Number of restricted common shares, value

$ 350,000

Consultant [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted common shares issued

1,500,000

545,852

100,000

Number of restricted common shares, value

$ 93,750

$ 164,250

$ 98,253

$ 22,000

$ 21,000

Consultant [Member] | Genesis Agreement [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted common shares issued

1,750,000

Number of restricted common shares, value

$ 437,500

Two Board Members [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted common shares issued

5,650,000

Number of restricted common shares, value

$ 169,500

Consultants [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted common shares issued

250,000

Number of restricted common shares, value

$ 9,475

Two Officers [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted common shares issued

8,000,000

20,000,000

Number of restricted common shares, value

$ 76,000

$ 166,000

AJB [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted common shares issued

5,309,179

Number of restricted common shares, value

$ 60,525

2022 Equity Plan [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Common stock, shares authorized

250,000,000

Excess shares authorized

500,000,000

Number of shares issued during period

96,778,105

Isuued and outstanding voting power percentage

64.62%

SCHEDULE OF WARRANTS ACTIVITY (

SCHEDULE OF WARRANTS ACTIVITY (Details)	12 Months Ended
SCHEDULE OF WARRANTS ACTIVITY (Details)	Dec. 31, 2022 $ / shares shares
Warrants
Original Number of Warrants Issued	653,332
Exercise Price per Common Share \| $ / shares	$ 0.30
Exercisable at December 31, 2020
Became Exercisable
Exercised
Terminated/Canceled/Expired	653,332
Exercisable at March 31,2022
Expiration Date	April 2019

WARRANTS (Details Narrative)

WARRANTS (Details Narrative)			1 Months Ended	6 Months Ended
WARRANTS (Details Narrative)	Jan. 27, 2022 USD ($) $ / shares shares	Jun. 01, 2017 USD ($) $ / shares shares	Feb. 15, 2019 shares	Jun. 30, 2023 USD ($) Days $ / shares	Jun. 30, 2022 USD ($)	Mar. 31, 2023 $ / shares shares	Dec. 31, 2022 $ / shares	Feb. 17, 2022 $ / shares	Sep. 03, 2021 $ / shares	Feb. 12, 2021 $ / shares
Number of shares issued during period \| shares			2,967,000
Common stock, par value				$ 0.0001			$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001
Warrant price per share							$ 0.30
Value of shares issued during period \| $				$ 60,525	$ 31,250
AJB Warrants [Member]
Number of shares issued during period \| shares	2,214,286
Number of warrant shares \| shares	1,000,000
Warrant price per share	$ 0.30
Value of shares issued during period \| $	$ 71,521
Warrants term	3 years
Class A Warrant [Member]
Number of warrant shares \| shares						1
Shares issued price per share						$ 0.30
Warrant [Member]
Shares issued price per share				$ 1
Warrant price per share				$ 0.05
Trading days \| Days				10
Private Placement [Member]
Proceeds from private placement \| $		$ 600,000
Common stock, par value		$ 0.0001
Private Placement [Member] \| Maximum [Member]
Number of shares issued during period \| shares		4,000,000