Fri, Jun 13, 8:54 PM (30 days ago)
**The Crypto Company (CRCW) 2024 Annual Report Summary** **Financial Performance:** - **Revenue:** $44,814 (2024) vs. $197,459 (2023) - **Net Income:** $(6,643,709) (2024) vs. $(7,231,317) (2023) - **Operating Expenses:** $6,176,125 (2024) vs. $4,018,395 (2023) - **Earnings per Share:** $(0.00) (2024) vs. $(0.05) (2023) **Strategic Overview:** - **Business Focus:** Consulting services and education for blockchain technology. - **Subsidiaries:** Technology Convergence Company (TechCC) and inactive CoinTracking, LLC. - **Future Plans:** Potential strategic acquisitions and partnerships to enhance revenue sources. **Future Outlook:** - **Funding:** Plans to continue funding operations through debt instruments and equity issuances. - **Market Position:** Dynamic and unpredictable blockchain technology market. - **Risk Factors:** Regulatory changes, competitive pressures, and technological advancements. **Risk Factors:** - **Financial Condition:** Significant losses and negative cash flows since inception. - **Market Risks:** Volatility in digital assets and public perceptions of blockchain technology. - **Operational Risks:** Dependence on key personnel and potential cybersecurity threats. **Market Position Changes:** - **Stock Performance:** Trading symbol "CRCW" on OTCQB with varying quarterly high and low prices. - **Shareholder Base:** 141 holders of record as of April 21, 2025. **Financial Condition:** - **Cash on Hand:** $1,763 as of December 31, 2024. - **Working Capital:** Negative $6,685,767 as of December 31, 2024. - **Debt:** Significant outstanding loans and notes payable. **Management and Governance:** - **Executive Compensation:** CEO Ronald Levy received $360,000 in salary for 2024. - **Board of Directors:** Includes Holly Ruxin, who serves as the Chair of the Audit Committee. **Cybersecurity:** - **Measures:** Comprehensive framework including enterprise risk management, vulnerability management, and incident response protocols. - **Risks:** Dependence on third-party service providers and potential security lapses. **Note:** This summary is based on the provided 10-K filing and is intended for informational purposes only. For a detailed analysis, please refer to the full filing.