2023 Q2 Form 20-F Financial Statement

#000149315223038742 Filed on October 30, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 2022 Q2
Revenue $4.799M $4.799M $8.156M
YoY Change -41.16% -41.16%
Cost Of Revenue $2.626M $2.626M $4.520M
YoY Change -41.91% -41.91%
Gross Profit $2.173M $2.173M $3.636M
YoY Change -40.22% -40.22%
Gross Profit Margin 45.29% 45.29% 44.58%
Selling, General & Admin $2.507M $1.343M $2.089M
YoY Change 20.02% 21.28%
% of Gross Profit 115.37% 61.8% 57.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $12.27K $730.00
YoY Change -100.0% 1580.55%
% of Gross Profit 0.0% 0.56% 0.02%
Operating Expenses $2.520M $2.520M $2.303M
YoY Change 9.39% 9.39%
Operating Profit -$346.3K -$346.3K $1.332M
YoY Change -125.99% -125.99%
Interest Expense -$620.3K $92.80K -$493.8K
YoY Change 25.62% 238.45%
% of Operating Profit -37.07%
Other Income/Expense, Net $9.890K -$1.273M -$50.00
YoY Change -19880.0% 15.73%
Pretax Income -$1.619M -$1.619M $232.5K
YoY Change -796.56% -796.55%
Income Tax -$25.76K -$25.76K $219.9K
% Of Pretax Income 94.58%
Net Earnings -$1.593M -$1.593M $12.60K
YoY Change -12745.95% -12743.98%
Net Earnings / Revenue -33.2% -33.2% 0.15%
Basic Earnings Per Share -$0.21
Diluted Earnings Per Share -$0.21 -$0.21 $0.00
COMMON SHARES
Basic Shares Outstanding 8.120M shares 7.715M shares
Diluted Shares Outstanding 7.715M shares

Balance Sheet

Concept 2023 Q2 2023 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $730.0K $730.0K
YoY Change -58.05%
Cash & Equivalents $236.8K $240.0K $716.1K
Short-Term Investments $490.0K $490.0K
Other Short-Term Assets $5.330M $5.330M
YoY Change 2217.39%
Inventory $525.8K $530.0K $919.4K
Prepaid Expenses $5.318M $223.2K
Receivables $174.3K $170.0K $41.10K
Other Receivables $0.00 $0.00
Total Short-Term Assets $6.763M $6.760M $2.930M
YoY Change 130.77% 130.72%
LONG-TERM ASSETS
Property, Plant & Equipment $38.74K $640.0K $51.01K
YoY Change -24.05% -28.09%
Goodwill $1.161M $1.161M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $130.0K $130.0K
YoY Change 18.18%
Total Long-Term Assets $2.275M $2.280M $2.501M
YoY Change -9.03% -8.8%
TOTAL ASSETS
Total Short-Term Assets $6.763M $6.760M $2.930M
Total Long-Term Assets $2.275M $2.280M $2.501M
Total Assets $9.038M $9.040M $5.432M
YoY Change 66.39% 66.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.170M $1.170M
YoY Change 44.44%
Accrued Expenses $210.0K $210.0K
YoY Change 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.130M $2.130M $2.273M
YoY Change -6.3% -6.17%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $490.0K $490.0K
YoY Change -31.94%
Total Long-Term Liabilities $490.0K $490.0K
YoY Change -31.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.130M $2.130M $2.273M
Total Long-Term Liabilities $490.0K $490.0K
Total Liabilities $2.621M $2.620M $2.994M
YoY Change -12.47% -12.37%
SHAREHOLDERS EQUITY
Retained Earnings -$681.6K $911.7K
YoY Change -174.76%
Common Stock $812.00 $700.00
YoY Change 16.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.417M $6.420M $2.437M
YoY Change
Total Liabilities & Shareholders Equity $9.038M $9.040M $5.432M
YoY Change 66.39% 66.48%

Cashflow Statement

Concept 2023 Q2 2023 2022 Q2
OPERATING ACTIVITIES
Net Income -$1.593M -$1.593M $12.60K
YoY Change -12745.95% -12743.98%
Depreciation, Depletion And Amortization $0.00 $12.27K $730.00
YoY Change -100.0% 1580.55%
Cash From Operating Activities -$140.0K -$373.1K
YoY Change 183.12%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -30.00K -$79.06K
YoY Change -184.19%
NET CHANGE
Cash From Operating Activities -140.0K -$373.1K
Cash From Investing Activities 0.000
Cash From Financing Activities -30.00K -$79.06K
Net Change In Cash -170.0K -$479.2K
YoY Change -15.94%
FREE CASH FLOW
Cash From Operating Activities -$140.0K -$373.1K
Capital Expenditures
Free Cash Flow -$373.1K
YoY Change 103.3%

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IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2023 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-263625 usd
CY2022 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-662743 usd
CY2023 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-169615 usd
CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
235920 usd
CY2023 FTEL Increase Decrease In Accrued Employee Benefits Noncurrent
IncreaseDecreaseInAccruedEmployeeBenefitsNoncurrent
13147 usd
CY2022 FTEL Increase Decrease In Accrued Employee Benefits Noncurrent
IncreaseDecreaseInAccruedEmployeeBenefitsNoncurrent
-4082 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-131781 usd
CY2022 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
1490241 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
51741 usd
CY2022 FTEL Net Activity On Amount Due From Related Party
NetActivityOnAmountDueFromRelatedParty
1076687 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-465295 usd
CY2023 FTEL Payments Of Due To Related Parties
PaymentsOfDueToRelatedParties
-79064 usd
CY2022 FTEL Payments Of Due To Related Parties
PaymentsOfDueToRelatedParties
93915 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-79064 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
93915 usd
CY2023 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
27063 usd
CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
66949 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-479231 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-570110 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
716052 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1286162 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
236821 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
716052 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
80375 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
547118 usd
CY2023 FTEL Stock Issued For Prepaid Ipo Services
StockIssuedForPrepaidIpoServices
5040000 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
426971 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_840_eus-gaap--ConcentrationRiskCreditRisk_zPqkhz63C4w4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_86D_ze7oiAKPIlAj">Concentration of Credit Risk</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments that potentially subject the Company to concentrations of credit risk are cash, accounts receivable and other receivables arising from its normal business activities. The Company places its cash in what it believes to be credit-worthy financial institutions. The Company controls credit risk related to accounts receivable through credit approvals, credit limits and monitoring procedures. The Company routinely assesses the financial strength of its customers and, based upon factors surrounding the credit risk, establishes an allowance, if required, for uncollectible accounts and, as a consequence, believes that its accounts receivable credit risk exposure beyond such allowance is limited.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_845_eus-gaap--UseOfEstimates_zm2Ro78XNVC4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_860_zIlnnHEL6ZBb">Use of Estimates</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023 us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<p id="xdx_84E_eus-gaap--RevenueRecognitionDeferredRevenue_zcBkGOK0j3dk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.05pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_867_zuKFOw5VEr0l">Deferred Revenue</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.05pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.05pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company recognized the deposits received from its customers as deferred revenue if the goods or service is not delivered. It would be recognized as revenue after the goods or service is delivered. During the fiscal year ended June 30, 2023, a total of US$<span id="xdx_900_eus-gaap--ContractWithCustomerLiabilityRevenueRecognized_c20220701__20230630_z7GocvFRA9A5" title="Deferred revenue, revenue recognized">501,976</span> of deferred revenue was recognized into merchandise revenue ($<span id="xdx_901_eus-gaap--ContractWithCustomerLiabilityRevenueRecognized_c20220701__20230630__srt--ProductOrServiceAxis__custom--MerchandiseRevenueMember_zLxOs172yQW" title="Deferred revenue, revenue recognized">190,892</span>), and revenue from licensing customers ($<span id="xdx_906_eus-gaap--ContractWithCustomerLiabilityRevenueRecognized_c20220701__20230630__srt--ProductOrServiceAxis__custom--RevenueFromLicensingCustomersMember_za9G0sUIcezi" title="Deferred revenue, revenue recognized">311,084</span>). At June 30, 2023, a total of $<span id="xdx_909_eus-gaap--DeferredRevenueCurrent_iI_c20230630_zH2XsnZSyTLa" title="Deferred revenue">238,351</span> of revenue has been deferred to be recognized in future periods as merchandise revenue.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.05pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
501976 usd
CY2023Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
238351 usd
CY2023 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
1120000 shares
CY2023Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
5.00
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
0 usd
CY2023 us-gaap Revenue Recognition Loyalty Programs
RevenueRecognitionLoyaltyPrograms
<p id="xdx_848_eus-gaap--RevenueRecognitionLoyaltyPrograms_zBDn8CyMncxf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_86E_zwQvh4VEFHKe">Customers Loyalty Program</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.05pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For certain sales transactions, the Company offers loyalty points to its customer based on the dollar value of the transaction which giver the customer the option to acquire additional goods or services at a price that is lower than its stand-alone selling price. In accordance with Topic 606, the Company evaluates whether these loyalty points constitute separate performance obligations and the need to allocate the transaction price between revenue and performance obligation. As of December 31, 2022, the Company does not believe that any separate performance obligation under the loyalty program is material<span style="background-color: white">.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.05pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
529488 usd
CY2022 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
466478 usd
CY2023 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
454995 usd
CY2022 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
604200 usd
CY2023 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-27063 usd
CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-66949 usd
CY2023 us-gaap Depreciation
Depreciation
12268 usd
CY2022 us-gaap Depreciation
Depreciation
730 usd
CY2023Q2 FTEL Brand Names
BrandNames
337504 usd
CY2022Q2 FTEL Brand Names
BrandNames
337504 usd
CY2023Q2 us-gaap Goodwill
Goodwill
1161052 usd
CY2022Q2 us-gaap Goodwill
Goodwill
1161052 usd
CY2023 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
0 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
0 usd
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
51741 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
51741 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
12998 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
730 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
38743 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
51011 usd
CY2023 us-gaap Depreciation
Depreciation
12268 usd
CY2022 us-gaap Depreciation
Depreciation
730 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
25000 aud
CY2023 FTEL Annual Escalation Rate
AnnualEscalationRate
0.03 pure
CY2023 FTEL Incremental Borrowing Rate
IncrementalBorrowingRate
0.0370 pure
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
198914 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
213490 usd
CY2023Q2 FTEL Right Of Use Assets For Office Lease
RightOfUseAssetsForOfficeLease
1541390 usd
CY2022Q2 FTEL Right Of Use Assets For Office Lease
RightOfUseAssetsForOfficeLease
1541390 usd
CY2023Q2 FTEL Adjustment For Amortizations
AdjustmentForAmortizations
-935596 usd
CY2022Q2 FTEL Adjustment For Amortizations
AdjustmentForAmortizations
-701267 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
605794 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
840123 usd
CY2023Q2 FTEL Operating Lease Liability For Office Lease
OperatingLeaseLiabilityForOfficeLease
685077 usd
CY2022Q2 FTEL Operating Lease Liability For Office Lease
OperatingLeaseLiabilityForOfficeLease
922929 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
212062 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
206690 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
473015 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
716239 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
233735 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
240747 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
247970 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
722452 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
37375 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
685077 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1619155 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
232454 usd
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.25 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.25 pure
CY2023 us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
-404789 usd
CY2022 us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
58114 usd
CY2023 FTEL Income Tax Reconciliation Nondeductible Expense Stock Issued For Services
IncomeTaxReconciliationNondeductibleExpenseStockIssuedForServices
140000 usd
CY2023 FTEL Income Tax Reconciliation Nondeductible Expense Ipo Related Expenses
IncomeTaxReconciliationNondeductibleExpenseIpoRelatedExpenses
27601 usd
CY2022 FTEL Income Tax Reconciliation Nondeductible Expense Ipo Related Expenses
IncomeTaxReconciliationNondeductibleExpenseIpoRelatedExpenses
151488 usd
CY2023 FTEL Income Tax Reconciliation Nondeductible Expense Provision For Bad Debt
IncomeTaxReconciliationNondeductibleExpenseProvisionForBadDebt
106742 usd
CY2023 FTEL Income Tax Reconciliation Nondeductible Expense Unrealized Loss On Investments
IncomeTaxReconciliationNondeductibleExpenseUnrealizedLossOnInvestments
131613 usd
CY2023 FTEL Income Tax Reconciliation Nondeductible Expense Government Subsidy Tech Boost
IncomeTaxReconciliationNondeductibleExpenseGovernmentSubsidyTechBoost
-6721 usd
CY2023 us-gaap Income Tax Reconciliation Tax Contingencies Other
IncomeTaxReconciliationTaxContingenciesOther
-20207 usd
CY2022 us-gaap Income Tax Reconciliation Tax Contingencies Other
IncomeTaxReconciliationTaxContingenciesOther
10250 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-25761 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
219852 usd
CY2023Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
1877 usd
CY2022Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
21718 usd
CY2023Q2 us-gaap Deferred Tax Assets Unrealized Losses On Trading Securities
DeferredTaxAssetsUnrealizedLossesOnTradingSecurities
22082 usd
CY2022Q2 us-gaap Deferred Tax Assets Unrealized Losses On Trading Securities
DeferredTaxAssetsUnrealizedLossesOnTradingSecurities
114515 usd
CY2023Q2 FTEL Deferred Tax Assets Unrealized Currency Gain
DeferredTaxAssetsUnrealizedCurrencyGain
1394 usd
CY2022Q2 FTEL Deferred Tax Assets Unrealized Currency Gain
DeferredTaxAssetsUnrealizedCurrencyGain
13202 usd
CY2023Q2 FTEL Deferred Tax Assets Depreciation
DeferredTaxAssetsDepreciation
3049 usd
CY2022Q2 FTEL Deferred Tax Assets Depreciation
DeferredTaxAssetsDepreciation
-12753 usd
CY2022Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
1317 usd
CY2023Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
106740 usd
CY2023Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
132354 usd
CY2022Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
111595 usd

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