Crypto Co Files Q1 2024 10-Q

TL;DR

Crypto Co dropped its Q1 10-Q, check financials.

AI Summary

Crypto Co filed its 10-Q for the period ending March 31, 2024. The filing details financial performance and operational updates for the first quarter of 2024. Specific financial figures and business developments are outlined within the report.

Why It Matters

This filing provides investors and stakeholders with the latest financial health and strategic direction of Crypto Co, crucial for understanding its market position and future prospects.

Risk Assessment

Risk Level: medium — As a crypto-related company, Crypto Co is inherently exposed to the volatility and regulatory uncertainties of the cryptocurrency market.

Key Numbers

• Q1 2024 — Reporting Period (Covers the first three months of the fiscal year.)
• 2024-03-31 — Period End Date (Marks the conclusion of the financial reporting period.)
• 2024-05-20 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• Crypto Co (company) — Filer of the 10-Q report
• 20240331 (date) — End of the reporting period
• 20240520 (date) — Filing date of the report
• NV (location) — State of incorporation
• 464212405 (identifier) — IRS Number

FAQ

Key Financial Figures

• $0.001 — 0,533 shares of common stock, par value $0.001 per share, outstanding. TABLE OF CONT

Filing Documents

• form10-q.htm (10-Q) — 636KB
• ex31-1.htm (EX-31.1) — 12KB
• ex32-1.htm (EX-32.1) — 8KB
• 0001493152-24-020676.txt ( ) — 3966KB
• crcw-20240331.xsd (EX-101.SCH) — 29KB
• crcw-20240331_cal.xml (EX-101.CAL) — 31KB
• crcw-20240331_def.xml (EX-101.DEF) — 117KB
• crcw-20240331_lab.xml (EX-101.LAB) — 298KB
• crcw-20240331_pre.xml (EX-101.PRE) — 216KB
• form10-q_htm.xml (XML) — 527KB

FINANCIAL INFORMATION

PART I FINANCIAL INFORMATION 4 Item 1. Condensed Financial Statements 4 Unaudited Condensed Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023 4 Unaudited Condensed Consolidated Statements of Operations for the Three Months Ended March 31, 2024 and 2023 5 Unaudited Condensed Consolidated Statements of Stockholders' (Deficit) for the Three Months Ended March 31, 2024 and 2023 6 Unaudited Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2024 and 2023 7 Notes to Unaudited Condensed Consolidated Financial Statements 8 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 21 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 23 Item 4.

Controls and Procedures

Controls and Procedures 23

OTHER INFORMATION

PART II OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 24 Item 1A.

Risk Factors

Risk Factors 24 Item 3. Defaults upon Senior Securities 24 Item 4. Mine Safety Disclosures 24 Item 5. Other Information 24 Item 6. Exhibits 24

SIGNATURES

SIGNATURES 25 2 NOTE ABOUT FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q (the "Quarterly Report") contains forward-looking statements. All statements contained in this Quarterly Report other than statements of historical fact, including statements regarding our future results of operations and financial position, our business strategy and plans, and our objectives for future operations, are forward-looking statements. The words "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," and similar expressions are intended to identify forward-looking statements. We have based these forward-looking condition, results of operations, business strategy, short- term and long-term business operations, and objectives, and financial needs. These forward-looking statements are subject to a number of risks, uncertainties, and assumptions, including those described in our Annual Report on Form 10-K for the year ended December 31, 2023 (the "2023 Annual Report") as filed with the U.S. Securities and Exchange Commission ("SEC") and in any subsequent filings with the SEC. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. Our management cannot predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties, and assumptions, the future events, and trends discussed in this Quarterly Report may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. We undertake no obligation to revise or publicly release the results of any revision to t

Business

Business Combination The purchase price of an acquired company is allocated between tangible and intangible assets acquired and liabilities assumed from the acquired business based on their estimated fair values with the residual of the purchase price recorded as goodwill. The results of operations of acquired businesses are included in our operating results from the dates of acquisition. Income Taxes Deferred tax assets and liabilities are recognized for expected future consequences of events that have been included in the condensed consolidated financial statements or tax returns. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. The provision for income taxes represents the tax payable for the period and the change during the period in deferred tax assets and liabilities. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the condensed consolidated financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upo

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View this 10-Q filing on SEC EDGAR