FDCTech Inc (FDCT)

[oldstocks]

RESULTS OF OPERATIONS



For the fiscal year ending December 31, 2022, compared to the fiscal year ending December 31, 2021



For the fiscal year ending December 31, 2022, and 2021, the Company had ten (10) and eight (8) active customers. Revenues generated from the top three (3) customers represented approximately 81.01% and 52.98% of total revenue for the fiscal year ending December 31, 2022, and 2021, respectively. The revenues generated for the fiscal year ending December 31, 2022, and 2021 were $6,453,732 and $457,661, respectively. During the fiscal year ending December 31, 2022, and 2021, the Company incurred a net profit and a net loss of $1,104,374 and $1,736,695.



The total revenue breakdown for the fiscal year ending December 31, 2022, and 2021 is below:





Fiscal year ended

December 31, 2022

(Audited)


Fiscal year ended

December 31, 2021

(Audited)


Wealth Management, $ 5,827,732 301,648
Technology & Software Development, $ 626,000 156,013
Total, $ 6,453,732 457,661




Fiscal year ended

December 31, 2022

(Audited)


Fiscal year ended

December 31, 2021

(Audited)


Wealth Management, %
90.30

% 65.91 %
Technology & Software Development, %
9.70

%
34.09

%
Total, % 100.00 % 100.00 %