Crypto Co Files 10-Q for Q2 2024, Notes Filing History

Ticker: CRCW · Form: 10-Q · Filed: Aug 19, 2024 · CIK: 1688126

Crypto CO 10-Q Filing Summary
FieldDetail
CompanyCrypto CO (CRCW)
Form Type10-Q
Filed DateAug 19, 2024
Risk Levelhigh
Pages15
Reading Time18 min
Sentimentbearish

Sentiment: bearish

Topics: 10-Q, regulatory-filing, compliance

TL;DR

Crypto Co's Q2 10-Q is in, but they admit to not filing all required reports recently.

AI Summary

The Crypto Company filed its quarterly report for the period ending June 30, 2024. The company, incorporated in Nevada with its principal executive offices in Malibu, California, is required to file reports under Section 13 or 15(d) of the Securities Exchange Act of 1934. The filing indicates that the company has not filed all required reports in the preceding 12 months and has not been subject to such filing requirements for the past 90 days.

Why It Matters

This filing provides an update on The Crypto Company's regulatory compliance and reporting status. Investors should note the company's statement regarding its filing history.

Risk Assessment

Risk Level: high — The company's admission of not filing all required reports raises significant concerns about its operational transparency and compliance.

Key Players & Entities

FAQ

What is the Commission File Number for The Crypto Company?

The Commission File Number for The Crypto Company is 000-55726.

In which state was The Crypto Company incorporated?

The Crypto Company was incorporated in Nevada.

What is the address of The Crypto Company's principal executive offices?

The address of The Crypto Company's principal executive offices is 23823 Malibu Road, #50477, Malibu, California 90265.

For what quarterly period is this Form 10-Q report?

This Form 10-Q report is for the quarterly period ended June 30, 2024.

Has The Crypto Company filed all reports required by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months?

The filing indicates 'No' for whether 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: 4,427 words · 18 min read · ~15 pages · Grade level 16 · Accepted 2024-08-19 08:16:21

Filing Documents

FINANCIAL INFORMATION

PART I FINANCIAL INFORMATION 4 Item 1. Condensed Financial Statements 4 Condensed Consolidated Balance Sheets as of June 30, 2024 (Unaudited) and December 31, 2023 4 Unaudited Condensed Consolidated Statements of Operations for the Six Months Ended June 30, 2024 and 2023 5 Unaudited Condensed Consolidated Statements of Stockholders' Deficit for the Six Months Ended June 30, 2024 and 2023 6 Unaudited Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 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 22 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 24 Item 4.

Controls and Procedures

Controls and Procedures 24

OTHER INFORMATION

PART II OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 25 Item 1A.

Risk Factors

Risk Factors 25 Item 3. Defaults upon Senior Securities 25 Item 4. Mine Safety Disclosures 25 Item 5. Other Information 25 Item 6. Exhibits 25

SIGNATURES

SIGNATURES 26 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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