Crypto Co
For the period ended Mar 31, 2025. Filed Jun 20, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Jun 20, 2025
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What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2024-09-30; filed 2024-11-19.
0001493152-24-046833
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2025-03-31; filed 2025-06-20.
0001641172-25-015699
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 63 previous paragraphs and 48 current paragraphs.
38 unchanged; 6 reworded; 4 added; 17 removed; 2 previous and 0 current paragraphs rearranged.
Tables are not compared: 1 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (4)
Current report
During the three months ended March 31, 2025 other expense was $135,695 compared to other expense of $200,157 for the three months ended March 31, 2024. The decrease is primarily attributable to a decrease in interest expense to $117,251 during the 2025 period compared to $200,157 in 2024.
Current report
Net Loss
Current report
As a result of the foregoing we recorded a loss of $611,582 or $(0.00) per share for the three months ended March 31, 2025 compared to a loss of $1,091,905, or $(0.00) per share for the three month ended March 31, 2024.
Removed paragraphs (17)
Previous report
Amortization expense was $-0- for the three months ended September 30, 2024 and $10,833 as of September 30, 2023, respectively. Depreciation expense was $0 and $0 for the three months ended September 30, 2024 and September 30, 2023, respectively.
Previous report
During the three months ended September 30, 2024 and September 30, 2023, other income was $0.
Previous report
Interest Expense
Previous report
During the three months ended September 30, 2024, interest expense was $76,807 compared to $99,306 during the three months ended September 30, 2023. The decrease is primarily attributed to the less issuances of warrant debt discounts during the 2024 period.
Previous report
Comparison of the nine months ended September 30, 2024 and September 30, 2023
Previous report
Revenue
Previous report
General and Administrative Expenses
Previous report
Amortization expense was $21,666 and $32,499 for the nine months ended September 30, 2024 and September 30, 2023, respectively. Depreciation expense was $0 and $0 for the nine months ended September 30, 2024 and September 30, 2023, respectively.
Previous report
Share-based compensation was $1,865,099 and $620,298 for the nine months ended September 30, 2024 and September 30, 2023, respectively.
Previous report
Other Income (Expense)
Previous report
During the nine months ended September 30, 2024 and September 30, 2023, other income was $0 and $25,775, respectively.
Previous report
During the nine months ended September 30, 2024 and September 20, 2023, other expense was $-0- and ($31,000), respectively.
Previous report
Interest Expense
Previous report
During the nine months ended September 30, 2024, interest expense was $470,157 compared to $2,416,621 during the nine months ended September 30, 2023. The decrease is primarily attributed to the less issuances of warrant debt discounts during the 2024 period.
Previous report
Liquidity and Capital Resources
Previous report
The ability to continue as a going concern is dependent upon us generating profitable operations in the future and/or obtaining the necessary financing to meet our obligations and repay our liabilities arising from normal business operations when they come due. Management is evaluating different strategies to obtain financing to fund our expenses and achieve a level of revenue adequate to support our current cost structure. Financing strategies may include but are not limited to, private placements of capital stock, debt borrowings, partnerships, and/or collaborations. There can be no assurance that any of these future-funding efforts will be successful. The consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might result from the outcome of this uncertainty.
Previous report
The following table summarizes the primary sources and uses of cash for the periods presented below:
Reworded paragraphs (6)
Previous wording
Revenues for the three months ended September 30, 2024 and September 30, 2023, were $10,299 and $124,195, respectively. The decrease in revenue was due to less demand for blockchain training services. Revenue for the 2024 period consisted primarily of fees received for blockchain training and consulting generated by the Company’s BTA subsidiary which was acquired in April 2021.
Current wording
Revenues for the three months ended March 31, 2025 and March 31, 2024, were $2,856 and $14,281 respectively. The decrease in revenue was due to less demand for blockchain training services due to advent of free artificial intelligence programs. Revenue for the 2025 period consisted of fees received for blockchain training and consulting generated by the Company’s BTA subsidiary.
Previous wording
For the three months ended September 30, 2024, our general and administrative expenses were $309,364, an increase of $65,181 compared to $244,183 for the period ended September 30, 2023. General and administrative expenses consist primarily of costs relating to professional services, payroll, and payroll-related expenses. Professional services included in general and administrative expenses consist primarily of contracting fees, consulting fees, and accounting fees.
Current wording
For the three months ended March 31, 2025, our general and administrative expenses were $319,943, a decrease of $122,887 compared to $442,380 for the period ended March 31, 2024. The decrease is primarily due to decreased activity at BTA. General and administrative expenses consist primarily of costs relating to professional services, payroll, and payroll-related expenses. Professional services included in general and administrative expenses consist primarily of contracting fees, consulting fees, and accounting fees.
Previous wording
Share-based compensation was $281,000 and $113,818 for the three months ended September 30, 2024 and September 30, 2023, respectively.
Current wording
Share-based compensation was $158,800 and $463,198 for the three months ended March 31, 2025 and March 31, 2024, respectively.
Previous wording
Net cash used in operating activities was $1,395,798 for the nine months ended September 30, 2024, compared to net cash used by operating activities of $763,615 for the nine months ended September 30, 2023. The increase in net cash used in operating activities during the 2024 period was primarily due to an increase in accounts payable and accrued expenses of $257,846 for the nine months ended September 30, 2024.
Current wording
Net cash used in operating activities was $152,825 for the three months ended March 31, 2025, compared to net cash used by operating activities of $344,505 for the three months ended March 31, 2024. The decrease in net cash used in operating activities during the 2025 period was primarily due to a reduction in net loss.
Previous wording
Net cash used in investing activities was $0 and $0 for the nine months ended September 30, 2024 and September 30, 2023.
Current wording
Net cash used in investing activities was $0 and $0 for the three months ended March 31, 2025 and March 31, 2024.
Previous wording
Net cash from financing activities for the nine months ended September 30, 2024, was $1,329,490, compared to $673,444 for the nine months ended September 30, 2023. The increase in net cash from financing activities was mainly due to the resulting issuance of promissory notes during the nine months ended September 30, 2024.
Current wording
Net cash from financing activities for the three months ended March 31, 2025, was $157,995, compared to $293,423 for the three months ended March 31, 2024. The decrease in net cash from financing activities was mainly due to the resulting issuance of promissory notes during the three months ended March 31, 2025 to $158,113 compared to $293,600 in the March 31, 2024 period.
Rearranged previous paragraphs (2)
Previous report — wording carried elsewhere
Revenue for the nine months ended September 30, 2024 and September 30, 2023, were $35,946 and $379,107, respectively. The decrease in revenue was due to less of a demand for blockchain training services. Revenue for the 2024 period consisted primarily of fees received for blockchain training and consulting generated by the Company’s BTA subsidiary which was acquired in April 2021.
Previous report — wording carried elsewhere
For the nine months ended September 30, 2024, our general and administrative expenses were $996,017, an increase of $16,693 compared to $979,324 for the period ended September 30, 2023. General and administrative expenses consist primarily of costs relating to professional services, payroll, and payroll-related expenses. Professional services included in general and administrative expenses consist primarily of contracting fees, consulting fees, and accounting fees.