DECENTRALIZED CRYPTO FINANCIAL INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware
85-2718015
(State or Other Jurisdiction of Incorporation or Organization)
(I.R.S. Employer Identification Number)
4795 Meadow Wood Lane, #200W
Chantilly, Virginia 20151
(703) 688-3440
Item 1. Management's Discussion and Analysis of Financial
Condition and Results of Operations.
Decentralized Crypto Financial Inc. ("DeCryptoFi" or "Company?)
is a Delaware corporation and online platform offering
decentralized finance services. The following information should
be read together with the Company's financial statements (see
Item 3).
Cautionary note regarding forward-looking statements.
This report includes statements that are not purely historical,
and are therefore forward-looking statements. Forward-looking
statements include, but are not limited to, statements regarding
expectations, hopes, beliefs, intentions, or strategies
regarding the future. Any statements that refer to projections,
forecasts or other characterizations of future events or
circumstances, including any underlying assumptions, are
forward-looking statements. The words anticipate, believe,
continue, could, estimate, expect, intend, may, might, plan,
possible, potential, predicts, project, should, would and
similar expressions may identify forward-looking statements, but
the absence of these words does not mean that a statement is not
forward-looking. Forward-looking statements in this offering
circular may include, for example, statements about our:
future operating results
future business endeavors; and
future plans for capital resources.
The forward-looking statements contained herein are based on
current expectations and beliefs concerning future developments.
There can be no assurance that future developments will be those
that have been anticipated. These forward-looking statements
involve a number of risks, uncertainties, or other assumptions
that may cause actual results or performance to be materially
different from those expressed or implied by these forward-
looking statements. Should any of our assumptions prove
incorrect, actual results may vary in material respects from
those projected in these forward-looking statements. We
undertake no obligation to update or revise any forward-looking
statements, whether as a result of new information, future
events or otherwise, except as may be required under applicable
securities laws.
Operating Results.
DeCryptoFi does not have any earnings or revenue which
demonstrates no material changes from the Company's Offering. As
of June 30, 2023, DeCryptoFi issued 2,710,422.74 shares as part
of the Company's work compensation plan. DeCryptoFi has made
their stock available in the European Economic Area and expects
to see sales from these countries and the United States within
the next six months. The Company intends to retain all earnings
for use in and development of business operations and does not
anticipate declaring any dividends on our common stock in the
foreseeable future.
Liquidity and Capital Resources.
DeCryptoFi has no committed sources of funds. The authorized
capital of DeCryptoFi consists of 500,000,000 shares of common
stock, 125,0000,000 of which are held for the possibility of
future capital raising. DeCryptoFi has no material commitments
for capital expenditures as of June 30, 2023.
Trend Information.
As DeCryptoFi did not have earnings for the period of this
semiannual report, and as this is DeCryptoFi's first report of
any kind, there are no trends or commitments that are reasonably
likely to have a material effect on the Company's net revenues,
income, profitability, or liquidity as of June 30, 2023.
Item 2. Other Information
None.
Item 3. Financial Statements
DECENTRALIZED CRYPTO FINIANCIAL INC.
BALANCE SHEETS
As of June 30, 2023
12/31/2022 to 6/30/2023
ASSETS
Current assets:
Cash and cash equivalents $ 7,048.10
Accounts receivable 0
Prepaid expenses 235.54
_______________
Total current assets $ 6,812.56
Property and equipment, net 0
Other assets:
Goodwill, net 0
Investments in equity securities 30,000
Deposits 0
_______________
Total assets $ 36,812.56
12/31/2022 to 6/30/2023
LIABILITIES AND MEMBER'S EQUITY
Current liabilities:
Line of credit $ 0
Accounts payable and accrued expenses 0
Accrued payroll and related liabilities 0
Notes payable, current portion 0
Deferred rent and other current liabilities 0
Deferred compensation liability 0
_______________
Total current liabilities 0
Notes payable, less current portion 0
Total liabilities 0
Member's equity 30,271.72
_______________
Total liabilities and member's equity $ 30,271.72
12/31/2022 to 6/30/2023
STATEMENTS OF OPERATIONS
Revenue 0
_______________
Total revenue 0
Direct cost of revenue 0
_______________
Gross profit 0
Indirect costs of revenue Costs 0
not allocable 0
_______________
Operating income 0
Other income (expense):
Other expense 0
Interest expense 0
Other income 0
Total other income 0
_______________
Net income $ 0
Basic Earnings Per Share $ 0
Diluted Earnings Per Share $ 0
12/31/2022 to 6/30/2023
STATEMENTS OF STOCKHOLDERS' EQUITY
Members Equity
Common Stock Shares Amount
Balance as of June 30, 2023 300,000,000 $ 30,000
Additional Paid-in Capital 6,800.00 $ .68
Stock-based compensation 2,710,422.74 $ 271.04
Exercise of stock options ---- ----
12/31/2022 to 6/30/2023
STATEMENTS OF CASH FLOWS
Cash flows from operating activities:
Net income $ 0
Adjustments to reconcile net income to
net cash (used in) provided by operating
activities:
Depreciation and amortization 0
Amortization of goodwill 0
Loss on disposal of assets
Gain on investments 0
Deferred rent and other current liabilities 0
Change in:
Accounts receivable 0
Prepaid expenses 0
Deposits
Accounts payable and accrued expenses 0
Accrued payroll and related liabilities 0
Deferred compensation liability 0
_______________
Net cash provided by (used in) operating activities 0
_______________
Cash flows from investing activities:
Purchase of life insurance policies 0
Proceeds from sale of property and equipment
Purchase of property and equipment 0
_______________
Net cash used in investing activities 0
_______________
Cash flows from financing activities:
Net borrowings on (repayments on) line of credit 0
Repayments on notes payable 0
Contributions from member 0
Distributions to member _______________
Net cash provided by (used in) financing
activities 0
Net change in cash and cash equivalents 0
Cash and cash equivalents, beginning of year 0
_______________
Cash and cash equivalents, end of year $ 0
Supplemental disclosure of cash flow information:
Cash paid for interest $ 0
Item 4. Exhibits.
None.
SIGNATURES
Pursuant to the requirements of Regulation A, the issuer has
duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Decentralized Crypto Financial Inc.:
By: /s/ Nicholas Scherling
Nicholas Scherling
Chief Executive Officer
Date: September 29, 2023
Pursuant to the requirements of Regulation A, this report has
been signed below by the following persons on behalf of the
issuer and in the capacities and on the dates indicated.
By: /s/ Nicholas Scherling
Nicholas Scherling
Chief Executive Officer/Principal Financial Officer/Principal
Accounting Officer
Date: September 29, 2023