secwatch.observer — SEC 8-K summary
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Issuer:     FDCTECH, INC. (FDCT)
CIK:        0001722731
Form:       8-K
Filed at:   2026-06-08T21:30:48+00:00
Accession:  0001493152-26-027774
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 4.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FDCTech restates multiple periods; board says prior financials can no longer be relied upon
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- Errors include $7.1M misclassification of client funds as cash and $8.2M subscription receivable reclassified to contra-equity.
- 2024 total assets restated to $33.8M from $41.8M; net income attributable risen to $247.5K from $80.0K.
- 2025 quarterly net income adjustments: Mar 2025 increased by $209.6K; Jun 2025 net loss changed slightly; Sep 2025 net income reduced by $20.2K.
- Material weaknesses in internal control over financial reporting identified; remediation plan included in amended filings.
- Restatements triggered by reaudit by new auditor LAO and an SEC staff comment letter received May 11, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1722731/000149315226027774/0001493152-26-027774-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1722731/000149315226027774/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-027774

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