Crypto Company Files 2023 Annual Report

Ticker: CRCW · Form: 10-K · Filed: Apr 16, 2024 · CIK: 1688126

Sentiment: neutral

Topics: annual-report, sec-filing, crypto

TL;DR

Crypto Co filed its 2023 10-K, no major exchange listings, but common stock is registered. All reporting requirements met.

AI Summary

The Crypto Company filed its annual report for the fiscal year ended December 31, 2023. The company is incorporated in Nevada and its principal executive offices are located in Malibu, California. It does not have any securities registered on any exchange, but its Common Stock, par value $0.001 per share, is registered under Section 12(g) of the Act. The filing indicates the company has met its reporting requirements.

Why It Matters

This 10-K filing provides a comprehensive overview of The Crypto Company's financial performance and operations for the past fiscal year, which is crucial for investors to assess its current standing and future prospects.

Risk Assessment

Risk Level: low — The filing is a standard annual report and does not contain immediate red flags or significant new disclosures that would suggest a high risk.

Key Numbers

Key Players & Entities

FAQ

What is the trading symbol for The Crypto Company's Common Stock?

The filing states that there are no securities registered pursuant to Section 12(b) of the Act, meaning there is no trading symbol listed on a national exchange.

Has The Crypto Company submitted all required Interactive Data Files electronically?

Yes, the filing indicates that The Crypto Company has submitted electronically every Interactive Data File required pursuant to Rule 405 of Regulation S-T during the preceding 12 months.

What is the par value of The Crypto Company's Common Stock?

The par value of The Crypto Company's Common Stock is $0.001 per share.

Is The Crypto Company a well-known seasoned issuer?

No, the filing indicates 'No' for the check mark indicating if the Registrant is a well-known seasoned issuer.

Did The Crypto Company file all required reports for the preceding 12 months?

Yes, the filing indicates 'Yes' for the check mark confirming that the Registrant has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months.

Filing Stats: 4,443 words · 18 min read · ~15 pages · Grade level 14.1 · Accepted 2024-04-16 16:13:11

Key Financial Figures

Filing Documents

Business

Business 3 Item 1A

Risk Factors

Risk Factors 4 Item 1B Unresolved Staff Comments 4 Item 1C Cybersecurity 4 Item 2

Properties

Properties 4 Item 3

Legal Proceedings

Legal Proceedings 4 Item 4 Mine Safety Disclosures 4 Part II Item 5 Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 5 Item 6 Reserved 6 Item 7

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 6 Item 7A Quantitative and Qualitative Disclosure about Market Risk 10 Item 8

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 10 Item 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosures 10 Item 9A

Controls and Procedures

Controls and Procedures 11 Item 9B Other Information 11 Item 9C Disclosure Regarding Foreign Jurisdictions that Prevent Inspections. 11 Part III Item 10 Directors, Executive Officers, and Corporate Governance 12 Item 11

Executive Compensation

Executive Compensation 13 Item 12

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 14 Item 13 Certain Relationships and Related Transactions, and Director Independence 15 Item 14 Principal Accountant Fees and Services 16 Part IV Item 15 Exhibits, Financial Statement Schedules 17 Item 16 Form 10-K Summary 18

Signatures

Signatures 19 1 PART I FORWARD-LOOKING This report contains forward-looking statements. Forward-looking statements give our current expectations or forecasts of future events. You can identify these statements by the fact that they do not relate strictly to historical or current facts. You can find many (but not all) of these statements by looking for words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "would," "should," "could," "may" or other similar expressions in this report. In particular, forward-looking performance or future financial results. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations or projections. Factors that could cause actual results to differ from those discussed in the forward-looking statements include, but are not limited to: our ability to execute our business plan and achieve profitability; our levels of indebtedness; rapidly advancing technology; the impact of competitive or alternative services and technologies; the impact of government regulations on certain uses of blockchain technology, volatility of digital assets in general, and the public perceptions of blockchain technology and crypto currency; our exposure to and ability to defend third-party claims and challenges to our intellectual property rights; our ability to obtain adequate financing in the future, as and when we need it; our history of losses; our ability to identify and acquire additional assets or businesses to enhance our revenue sources; our success at managing the risks involved in the foregoing items; and other factors discussed in this report. Although we believe that the expectatio

forward-looking statements

forward-looking statements. 2 Item 1. Business The Crypto Company (the "Company", "Crypto", "we", "us" or "our") was incorporated in the State of Utah on December 2, 2013, under the name Croe, Inc. On October 3, 2017, the Company filed Articles of Conversion with the Utah Secretary of State and the Nevada Secretary of State to effectively change its state of incorporation to Nevada and filed Articles of Incorporation with the Nevada Secretary of State to change its name to The Crypto Company. Crypto Sub, Inc. (formerly known as The Crypto Company) ("Crypto Sub") was incorporated in the State of Nevada on March 9, 2017. On June 7, 2017, Crypto Sub completed a reverse acquisition of Croe, Inc. On October 3, 2017, we changed our name to The Crypto Company to better reflect our new business. Our company address is currently located at 23823 Malibu Road, # 50477, Malibu, California and our telephone number is (424) 228-9955. Our website can be accessed at www.thecryptocompany.com. The information contained on or that may be obtained from our website is not a part of this report. Currently we operate through one wholly-owned subsidiary Technology Convergence Company("TechCC") (formerly known as Blockchain Training Alliance) ("BTA"). We also have one inactive wholly-owned subsidiary CoinTracking, LLC ("CoinTracking"). During the 2022 and 2023 fiscal years the Company generated revenues and incurred expenses primarily through the business of providing consulting services and education for distributed ledger technologies ("blockchain"), for the building of technological infrastructure and enterprise blockchain technology solutions. BTA is a blockchain training company and service provider that provides training and educational courses focused on blockchain technology and education as to the general understanding of blockchain to corporate and individual clients. Overview of Our Business We are engaged in the business of providing consulting services and educa

View Full Filing

View this 10-K filing on SEC EDGAR

View on Read The Filing