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Red Flags Detected

  • Going Concern (worsened) — Restated net loss of $7.96M and working capital deficit of $8.0M, with only $1,763 cash, indicate a more severe liquidity crisis than originally reported.
  • Restatement (new) — The company restated its 2024 financial statements to correct a $1.3M derivative liability omission, requiring a re-audit by a new auditor.
  • Auditor Change (new) — The company replaced its auditor and the new auditor identified a critical audit matter related to convertible notes and derivative liabilities.
  • Disclosure Controls Not Effective (new) — Filing states that management concluded the company's disclosure controls and procedures were not effective. The same conclusion appeared in the baseline filing.
OTC: CRCW Crypto Co 10-K/A

Crypto Co restates 2024 results: net loss widens by -$8.0M on derivative liability

Filed June 24, 2026 · Period ending December 31, 2024 · Compared to 10-K Jun 13, 2025 · ~1 min read

Key Financials

SEC XBRL

Period financials are unchanged from the original 10-K (same period end Dec 31, 2024). This amendment updates disclosure only — see the diff below.

Key Changes

  • high

    Net loss for 2024 restated to $7.96M from $6.64M, driven by a newly recorded $1.32M derivative liability on defaulted AJB convertible notes.

    MD&A / Notes view on EDGAR →
  • high

    Working capital deficit worsens to $8.0M (from $6.7M) and cash is just $1,763 at year-end, deepening going concern risk.

    MD&A / Notes view on EDGAR →
  • high

    Auditor changed from Bush & Associates to Beckles & Co.; new auditor flags a critical audit matter on convertible notes and derivative liabilities.

1 more material change behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 30, 2026 · How we verify