2022 Q3 Form 10-Q Financial Statement

#000121390022048051 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $11.96M $7.418M $12.55M
YoY Change 1.82% 450.76% 125369.1%
Cost Of Revenue $10.47M $6.043M $11.18M
YoY Change -2.75% 366.39% 111744.3%
Gross Profit $1.493M $1.375M $1.362M
YoY Change 51.88% 2582.96%
Gross Profit Margin 12.49% 18.54% 10.86%
Selling, General & Admin $3.833M $2.999M $3.355M
YoY Change -51.13% 274.5% -67.18%
% of Gross Profit 256.7% 218.06% 246.22%
Research & Development $790.9K $770.1K $698.1K
YoY Change
% of Gross Profit 52.97% 55.99% 51.24%
Depreciation & Amortization $64.48K $61.43K $45.13K
YoY Change 476.74% 832.17% -145.13%
% of Gross Profit 4.32% 4.47% 3.31%
Operating Expenses $6.132M $4.218M $4.053M
YoY Change -21.82% 426.69% -60.34%
Operating Profit -$4.639M -$2.842M -$2.690M
YoY Change -32.38% 279.21% -73.68%
Interest Expense $426.6K $239.8K $156.3K
YoY Change 324.41% 56.29% -17.75%
% of Operating Profit
Other Income/Expense, Net $1.207M $629.7K $619.8K
YoY Change 861.48% -219.53% -616.48%
Pretax Income -$3.432M -$2.213M -$2.696M
YoY Change -48.26% 73.36% -89.13%
Income Tax $201.4K $123.8K $73.40K
% Of Pretax Income
Net Earnings -$3.634M -$2.110M -$2.084M
YoY Change -64.75% 423.05% -91.77%
Net Earnings / Revenue -30.39% -28.45% -16.61%
Basic Earnings Per Share -$0.05 -$0.03
Diluted Earnings Per Share -$0.05 -$0.03 -$29.72K
COMMON SHARES
Basic Shares Outstanding 73.11M shares 70.07M shares
Diluted Shares Outstanding 71.52M shares 70.62M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $33.93M $43.29M $52.46M
YoY Change -35.93% -39.89% 435.36%
Cash & Equivalents $32.96M $42.03M $50.27M
Short-Term Investments $970.0K $1.260M $2.191M
Other Short-Term Assets $8.430M $5.823M $2.928M
YoY Change 48.28% 1929.11% 875.9%
Inventory $653.8K $618.6K $76.14K
Prepaid Expenses
Receivables $1.453M $1.380M $9.102M
Other Receivables $3.042M $3.174M $1.965M
Total Short-Term Assets $66.36M $66.45M $72.72M
YoY Change -13.33% -17.2% 369.17%
LONG-TERM ASSETS
Property, Plant & Equipment $3.351M $2.955M $3.163M
YoY Change 327.17% 1103.14% 954.35%
Goodwill $15.73M $15.69M $15.58M
YoY Change
Intangibles $653.8K $618.6K $76.14K
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $20.05M $19.28M $18.94M
YoY Change 14.24% 2869.0% 4634.01%
TOTAL ASSETS
Total Short-Term Assets $66.36M $66.45M $72.72M
Total Long-Term Assets $20.05M $19.28M $18.94M
Total Assets $86.41M $85.73M $91.66M
YoY Change -8.19% 5.97% 476.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $34.76K $28.54K $79.00
YoY Change -97.13% -97.33% -99.97%
Accrued Expenses $1.546M $1.302M $1.299M
YoY Change 231.97% -27.75% -48.06%
Deferred Revenue
YoY Change
Short-Term Debt $1.019M
YoY Change -36.28%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $11.77M $6.973M $7.231M
YoY Change 242.57% 108.43% 39.05%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $178.8K $188.2K
YoY Change
Other Long-Term Liabilities $3.807M $3.558M $3.384M
YoY Change -45.67% 190.16% 69.2%
Total Long-Term Liabilities $3.807M $3.737M $3.572M
YoY Change -45.67% 204.74% 78.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.77M $6.973M $7.231M
Total Long-Term Liabilities $3.807M $3.737M $3.572M
Total Liabilities $15.58M $10.71M $10.80M
YoY Change 52.54% 136.72% 50.04%
SHAREHOLDERS EQUITY
Retained Earnings -$146.8M -$143.2M -$138.6M
YoY Change
Common Stock $73.11K $70.07K $70.07K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $71.93M $76.02M $81.44M
YoY Change
Total Liabilities & Shareholders Equity $86.41M $85.73M $91.66M
YoY Change -8.19% 5.97% 476.46%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income -$3.634M -$2.110M -$2.084M
YoY Change -64.75% 423.05% -91.77%
Depreciation, Depletion And Amortization $64.48K $61.43K $45.13K
YoY Change 476.74% 832.17% -145.13%
Cash From Operating Activities $5.715M -$4.491M $216.0K
YoY Change -139.11% 97.28% -114.4%
INVESTING ACTIVITIES
Capital Expenditures -$7.280K -$34.12K -$2.591M
YoY Change -98.78% 105.67%
Acquisitions
YoY Change
Other Investing Activities -$8.448M -$6.363M -$1.883M
YoY Change 38.67% 841.36%
Cash From Investing Activities -$8.455M -$6.397M -$4.474M
YoY Change 26.38% 38460.1% 2137.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.388M 578.1K 1.008M
YoY Change -259.72% -98.21% -89.92%
NET CHANGE
Cash From Operating Activities 5.715M -4.491M 216.0K
Cash From Investing Activities -8.455M -6.397M -4.474M
Cash From Financing Activities -4.388M 578.1K 1.008M
Net Change In Cash -7.128M -10.31M -3.251M
YoY Change -61.58% -134.45% -139.16%
FREE CASH FLOW
Cash From Operating Activities $5.715M -$4.491M $216.0K
Capital Expenditures -$7.280K -$34.12K -$2.591M
Free Cash Flow $5.722M -$4.457M $2.807M
YoY Change -140.83% 97.22% -287.15%

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ftft Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax Discontinued Operstion
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxDiscontinuedOperstion
1049 usd
CY2022Q2 ftft Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest Discontinued Operation
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterestDiscontinuedOperation
-154 usd
CY2021Q2 ftft Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest Discontinued Operation
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterestDiscontinuedOperation
810420 usd
ftft Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest Discontinued Operation
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterestDiscontinuedOperation
-154 usd
ftft Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest Discontinued Operation
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterestDiscontinuedOperation
617969 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-3841878 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-6722866 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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CY2022Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-226296 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-401505 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-3615582 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-6321361 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2022Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.03
CY2021Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.02
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.07
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.03
CY2021Q2 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTaxPerBasicShare
0.01
us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTaxPerBasicShare
0.01
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2022Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.03
CY2021Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.02
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.07
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.03
CY2021Q2 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTaxPerDilutedShare
0.01
us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTaxPerDilutedShare
0.01
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
70067147 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53798156 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
70067147 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54324447 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70624938 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54355947 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70624938 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54882238 shares
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2021Q2 ftft Issuance Of Common Stocks Cash
IssuanceOfCommonStocksCash
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CY2021Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-1276405 usd
CY2021Q2 ftft Net Income From Discontinueds Operations
NetIncomeFromDiscontinuedsOperations
364520 usd
CY2021Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
18220 usd
CY2021Q2 ftft Disposal Of Discontinued Operation
DisposalOfDiscontinuedOperation
445899 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
76332899 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
78866420 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-2336534 usd
CY2022Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1505190 usd
CY2022Q2 ftft Disposition Of Discontinued Operation
DispositionOfDiscontinuedOperation
-154 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
75024542 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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ftft Issuance Of Common Stocks Cash
IssuanceOfCommonStocksCash
67877338 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-1817707 usd
ftft Net Income From Discontinueds Operations
NetIncomeFromDiscontinuedsOperations
460427 usd
ftft Sharebased Payments
SharebasedPayments
893250 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
30908 usd
ftft Disposal Of Discontinued Operation
DisposalOfDiscontinuedOperation
157542 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
76332899 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
80854158 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-5034905 usd
ftft Sharebased Payments
SharebasedPayments
893250 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1687807 usd
ftft Disposition Of Discontinued Operation
DispositionOfDiscontinuedOperation
-154 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
75024542 usd
us-gaap Profit Loss
ProfitLoss
-5035059 usd
us-gaap Profit Loss
ProfitLoss
-1200787 usd
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-154 usd
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
616920 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-5034905 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-1817707 usd
us-gaap Depreciation
Depreciation
90182 usd
us-gaap Depreciation
Depreciation
1411 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
28233 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
2500 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1973 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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us-gaap Share Based Compensation
ShareBasedCompensation
893250 usd
us-gaap Share Based Compensation
ShareBasedCompensation
893250 usd
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
697123 usd
ftft Interest Converted To Convertible Note
InterestConvertedToConvertibleNote
96691 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
2519226 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-851560 usd
us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
1174122 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
1198592 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
182587 usd
us-gaap Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
2894838 usd
us-gaap Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
-12226 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
28461 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
818903 usd
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
-122329 usd
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
-127438 usd
ftft Repayment Of Amounts Due To Related Parties Net
RepaymentOfAmountsDueToRelatedPartiesNet
242828 usd
ftft Repayment Of Amounts Due To Related Parties Net
RepaymentOfAmountsDueToRelatedPartiesNet
1180054 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-569006 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-789516 usd
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-41133 usd
us-gaap Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
1645086 usd
us-gaap Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
209 usd
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-5129561 usd
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-3077432 usd
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
3 usd
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-1247917 usd
ftft Additions To Property Plant And Equipment
AdditionsToPropertyPlantAndEquipment
52019 usd
ftft Additions To Property Plant And Equipment
AdditionsToPropertyPlantAndEquipment
7308 usd
us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
11363000 usd
ftft Repayment For Loan Receivable
RepaymentForLoanReceivable
6000000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
570351 usd
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-5985370 usd
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-7308 usd
ftft Proceeds From Amount Due From Related Parties Net
ProceedsFromAmountDueFromRelatedPartiesNet
67877338 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1163146 usd
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-63477 usd
us-gaap Proceeds From Construction Loans Payable
ProceedsFromConstructionLoansPayable
4199879 usd
us-gaap Proceeds From Construction Loans Payable
ProceedsFromConstructionLoansPayable
170429 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4136402 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
66884621 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1263771 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39062 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-8242297 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
62591026 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
50273517 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9425312 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
42031220 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
72016338 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
85056 usd
CY2022Q2 ftft Cash And Cash Equivalents From The Continuing Operations End Of Period
CashAndCashEquivalentsFromTheContinuingOperationsEndOfPeriod
42031220 usd
CY2021Q2 ftft Cash And Cash Equivalents From The Continuing Operations End Of Period
CashAndCashEquivalentsFromTheContinuingOperationsEndOfPeriod
71931282 usd
ftft Amount Of Deferred Liabilities
AmountOfDeferredLiabilities
173764 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
41133 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6018 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3913 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Uses of Estimates in the Preparation of Financial Statements </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company’s condensed consolidated financial statements have been prepared in accordance with US GAAP and this 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 condensed consolidated financial statements and reported amounts of revenue and expenses during the reporting period. The significant areas requiring the use of management estimates include, but not limited to, the allowance for doubtful receivable, estimated useful life and residual value of property, plant and equipment, impairment of long-lived assets, provision for staff benefit, recognition and measurement of deferred income taxes and valuation allowance for deferred tax assets. Although these estimates are based on management’s knowledge of current events and actions management may undertake in the future, actual results may ultimately differ from those estimates and such differences may be material to our condensed consolidated financial statements.  </p><p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"> </p>
CY2022Q2 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
5030000.00 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
5130000 usd
CY2021Q2 ftft Income From Discontinuing Operations Share
IncomeFromDiscontinuingOperationsShare
53798156 shares
CY2021Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0.01
CY2021Q2 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-1276405 usd
CY2021Q2 ftft Loss Available To Common Stockholders From Continuing Operations Share
LossAvailableToCommonStockholdersFromContinuingOperationsShare
53798156 shares
CY2022Q2 ftft Income Loss From Continuing Operations Including Portion Attributables To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributablesToNoncontrollingInterest
-2110238 usd
CY2022Q2 ftft Income From Continuing Operations Shares
IncomeFromContinuingOperationsShares
70067147 shares
CY2022Q2 ftft Income Loss From Continuing Operation Per Basic Share
IncomeLossFromContinuingOperationPerBasicShare
-0.03
CY2022Q2 ftft Net Income Loss From Discontinued Operation Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationAvailableToCommonShareholdersBasic
-154 usd
CY2022Q2 ftft Income From Discontinuing Operations Share
IncomeFromDiscontinuingOperationsShare
70067147 shares
CY2022Q2 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-2110238 usd
CY2022Q2 ftft Loss Available To Common Stockholders From Continuing Operations Share
LossAvailableToCommonStockholdersFromContinuingOperationsShare
70067147 shares
CY2022Q2 ftft Loss Available To Common Stockholders From Continuing Operations Preshare
LossAvailableToCommonStockholdersFromContinuingOperationsPreshare
-0.03
CY2022Q2 ftft Income Loss From Continuings Operation
IncomeLossFromContinuingsOperation
-154 usd
CY2022Q2 ftft Income Available To Common Stockholders From Continuing Operations
IncomeAvailableToCommonStockholdersFromContinuingOperations
70067147 shares
CY2022Q2 ftft Warrants Shares
WarrantsShares
557791 shares
CY2022Q2 ftft Net Share Per Share Equals Basic Net Loss Per Share Effect Of Securities Convertible Common Shares Anti Dilutive Discontinuing Operations
NetSharePerShareEqualsBasicNetLossPerShareEffectOfSecuritiesConvertibleCommonSharesAntiDilutiveDiscontinuingOperations
-2110238 usd
CY2022Q2 ftft Net Share Per Share Equals Basic Net Loss Per Share Effect Of Securities Convertible Common Shares Anti Dilutive Discontinuing Operations Shares
NetSharePerShareEqualsBasicNetLossPerShareEffectOfSecuritiesConvertibleCommonSharesAntiDilutiveDiscontinuingOperationsShares
70624938 shares
CY2022Q2 ftft Diluted Net Share Per Share Equals Basic Net Loss Per Share Effect Of Securities Convertible Common Shares Anti Dilutive Discontinuing Operations Per Share Amount Per Share Amount
DilutedNetSharePerShareEqualsBasicNetLossPerShareEffectOfSecuritiesConvertibleCommonSharesAntiDilutiveDiscontinuingOperationsPerShareAmountPerShareAmount
-0.03
CY2022Q2 ftft Diluted Earnings Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Avera
DilutedEarningsPerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAvera
-154 usd
CY2022Q2 ftft Diluted Earnings Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Averag
DilutedEarningsPerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAverag
70624938 shares
CY2021Q2 ftft Income Loss From Continuing Operations Including Portion Attributables To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributablesToNoncontrollingInterest
-1276405 usd
CY2021Q2 ftft Income From Continuing Operations Shares
IncomeFromContinuingOperationsShares
53798156 shares
CY2021Q2 ftft Income Loss From Continuing Operation Per Basic Share
IncomeLossFromContinuingOperationPerBasicShare
-0.02
CY2021Q2 ftft Net Income Loss From Discontinued Operation Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationAvailableToCommonShareholdersBasic
872927 usd
CY2021Q2 ftft Loss Available To Common Stockholders From Continuing Operations Preshare
LossAvailableToCommonStockholdersFromContinuingOperationsPreshare
-0.02
CY2021Q2 ftft Income Loss From Continuings Operation
IncomeLossFromContinuingsOperation
872927 usd
CY2021Q2 ftft Income Available To Common Stockholders From Continuing Operations
IncomeAvailableToCommonStockholdersFromContinuingOperations
53798156 shares
ftft Payment Dividends
PaymentDividends
0.50 pure
CY2021Q2 ftft Income Available To Common Stockholders From Continuing Operation Pershare
IncomeAvailableToCommonStockholdersFromContinuingOperationPershare
0.01
CY2021Q2 ftft Warrants Shares
WarrantsShares
557791 shares
CY2021Q2 ftft Net Share Per Share Equals Basic Net Loss Per Share Effect Of Securities Convertible Common Shares Anti Dilutive Discontinuing Operations
NetSharePerShareEqualsBasicNetLossPerShareEffectOfSecuritiesConvertibleCommonSharesAntiDilutiveDiscontinuingOperations
-1276405 usd
CY2021Q2 ftft Net Share Per Share Equals Basic Net Loss Per Share Effect Of Securities Convertible Common Shares Anti Dilutive Discontinuing Operations Shares
NetSharePerShareEqualsBasicNetLossPerShareEffectOfSecuritiesConvertibleCommonSharesAntiDilutiveDiscontinuingOperationsShares
54355947 shares
CY2021Q2 ftft Diluted Net Share Per Share Equals Basic Net Loss Per Share Effect Of Securities Convertible Common Shares Anti Dilutive Discontinuing Operations Per Share Amount Per Share Amount
DilutedNetSharePerShareEqualsBasicNetLossPerShareEffectOfSecuritiesConvertibleCommonSharesAntiDilutiveDiscontinuingOperationsPerShareAmountPerShareAmount
-0.02
CY2021Q2 ftft Diluted Earnings Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Avera
DilutedEarningsPerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAvera
872927 usd
CY2021Q2 ftft Diluted Earnings Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Averag
DilutedEarningsPerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAverag
54355947 shares
CY2021Q2 ftft Diluted Earnings Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Average
DilutedEarningsPerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAverage
0.01
ftft Income Loss From Continuing Operations Including Portion Attributables To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributablesToNoncontrollingInterest
-5034905 usd
ftft Income From Continuing Operations Shares
IncomeFromContinuingOperationsShares
70067147 shares
ftft Income Loss From Continuing Operation Per Basic Share
IncomeLossFromContinuingOperationPerBasicShare
-0.07
ftft Net Income Loss From Discontinued Operation Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationAvailableToCommonShareholdersBasic
-154 usd
us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-5034905 usd
ftft Loss Available To Common Stockholders From Continuing Operations Share
LossAvailableToCommonStockholdersFromContinuingOperationsShare
70067147 shares
ftft Loss Available To Common Stockholders From Continuing Operations Preshare
LossAvailableToCommonStockholdersFromContinuingOperationsPreshare
-0.07
ftft Income Loss From Continuings Operation
IncomeLossFromContinuingsOperation
-154 usd
ftft Income Available To Common Stockholders From Continuing Operations
IncomeAvailableToCommonStockholdersFromContinuingOperations
70067147 shares
ftft Warrants Shares
WarrantsShares
557791 shares
ftft Net Share Per Share Equals Basic Net Loss Per Share Effect Of Securities Convertible Common Shares Anti Dilutive Discontinuing Operations
NetSharePerShareEqualsBasicNetLossPerShareEffectOfSecuritiesConvertibleCommonSharesAntiDilutiveDiscontinuingOperations
-5034905 usd
ftft Net Share Per Share Equals Basic Net Loss Per Share Effect Of Securities Convertible Common Shares Anti Dilutive Discontinuing Operations Shares
NetSharePerShareEqualsBasicNetLossPerShareEffectOfSecuritiesConvertibleCommonSharesAntiDilutiveDiscontinuingOperationsShares
70624938 shares
ftft Diluted Net Share Per Share Equals Basic Net Loss Per Share Effect Of Securities Convertible Common Shares Anti Dilutive Discontinuing Operations Per Share Amount Per Share Amount
DilutedNetSharePerShareEqualsBasicNetLossPerShareEffectOfSecuritiesConvertibleCommonSharesAntiDilutiveDiscontinuingOperationsPerShareAmountPerShareAmount
-0.07
ftft Diluted Earnings Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Avera
DilutedEarningsPerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAvera
-154 usd
ftft Diluted Earnings Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Averag
DilutedEarningsPerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAverag
70624938 shares
ftft Income Loss From Continuing Operations Including Portion Attributables To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributablesToNoncontrollingInterest
-1817707 usd
ftft Income From Continuing Operations Shares
IncomeFromContinuingOperationsShares
54324447 shares
ftft Income Loss From Continuing Operation Per Basic Share
IncomeLossFromContinuingOperationPerBasicShare
-0.03
ftft Net Income Loss From Discontinued Operation Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationAvailableToCommonShareholdersBasic
616920 usd
ftft Income From Discontinuing Operations Share
IncomeFromDiscontinuingOperationsShare
54324447 shares
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0.01
us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-1817707 usd
ftft Loss Available To Common Stockholders From Continuing Operations Share
LossAvailableToCommonStockholdersFromContinuingOperationsShare
54324447 shares
ftft Loss Available To Common Stockholders From Continuing Operations Preshare
LossAvailableToCommonStockholdersFromContinuingOperationsPreshare
-0.03
ftft Income Loss From Continuings Operation
IncomeLossFromContinuingsOperation
616920 usd
ftft Income Available To Common Stockholders From Continuing Operations
IncomeAvailableToCommonStockholdersFromContinuingOperations
54324447 shares
ftft Income Available To Common Stockholders From Continuing Operation Pershare
IncomeAvailableToCommonStockholdersFromContinuingOperationPershare
0.01
ftft Warrants Shares
WarrantsShares
557791 shares
ftft Net Share Per Share Equals Basic Net Loss Per Share Effect Of Securities Convertible Common Shares Anti Dilutive Discontinuing Operations
NetSharePerShareEqualsBasicNetLossPerShareEffectOfSecuritiesConvertibleCommonSharesAntiDilutiveDiscontinuingOperations
-1817707 usd
ftft Net Share Per Share Equals Basic Net Loss Per Share Effect Of Securities Convertible Common Shares Anti Dilutive Discontinuing Operations Shares
NetSharePerShareEqualsBasicNetLossPerShareEffectOfSecuritiesConvertibleCommonSharesAntiDilutiveDiscontinuingOperationsShares
54882238 shares
ftft Diluted Net Share Per Share Equals Basic Net Loss Per Share Effect Of Securities Convertible Common Shares Anti Dilutive Discontinuing Operations Per Share Amount Per Share Amount
DilutedNetSharePerShareEqualsBasicNetLossPerShareEffectOfSecuritiesConvertibleCommonSharesAntiDilutiveDiscontinuingOperationsPerShareAmountPerShareAmount
-0.03
ftft Diluted Earnings Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Avera
DilutedEarningsPerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAvera
616920 usd
ftft Diluted Earnings Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Averag
DilutedEarningsPerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAverag
54882238 shares
ftft Diluted Earnings Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Average
DilutedEarningsPerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAverage
0.01
ftft Government Subsidies Recognized
GovernmentSubsidiesRecognized
500000 cny
ftft Increase In Bad Debt Expense
IncreaseInBadDebtExpense
1973 usd
ftft Increase In Bad Debt Expense
IncreaseInBadDebtExpense
-15254 usd
CY2022Q2 us-gaap Other Short Term Investments
OtherShortTermInvestments
1260000 usd
CY2021Q4 us-gaap Other Short Term Investments
OtherShortTermInvestments
2190000 usd
CY2021 ftft Coal And Aluminum Ingots Supply Chain Financing Trading
CoalAndAluminumIngotsSupplyChainFinancingTrading
7938152 usd
ftft Asset Management Service
AssetManagementService
1380169 usd
ftft Settlement Agreement Terms
SettlementAgreementTerms
P10Y
us-gaap Supplemental Deferred Purchase Price
SupplementalDeferredPurchasePrice
0 usd
CY2021 ftft Asset Management Service
AssetManagementService
1163664 usd
CY2022Q2 ftft Total Accounts Receivables Net
TotalAccountsReceivablesNet
1380169 usd
CY2021Q4 ftft Total Accounts Receivables Net
TotalAccountsReceivablesNet
9101816 usd
ftft Total Account Receivable Net
TotalAccountReceivableNet
0.963 pure
CY2021 ftft Total Account Receivable Net
TotalAccountReceivableNet
0.9896 pure
CY2022Q2 us-gaap Notes Receivable Related Parties
NotesReceivableRelatedParties
1170000 usd
us-gaap Receivables Credit Card Third Party Intermediaries Arrangements Description
ReceivablesCreditCardThirdPartyIntermediariesArrangementsDescription
The Company accepted $1.17 million (RMB7.88 million) bank acceptance drafts from third party interest free of accounts receivable.
CY2022Q2 us-gaap Long Term Debt Maturity Date
LongTermDebtMaturityDate
2023-04-28
CY2022Q2 us-gaap Other Receivables
OtherReceivables
3170000 usd
ftft Purchase Price
PurchasePrice
685000 eur
ftft Purchase Price
PurchasePrice
720000 usd
CY2022Q2 us-gaap Other Cash Equivalents At Carrying Value
OtherCashEquivalentsAtCarryingValue
400000 eur
CY2022Q2 us-gaap Other Cash Equivalents At Carrying Value
OtherCashEquivalentsAtCarryingValue
480000 usd
ftft Purchase And Receive Of Electricity Requirements
PurchaseAndReceiveOfElectricityRequirements
1 pure
CY2022Q2 us-gaap Cash Reserve Deposit Required And Made
CashReserveDepositRequiredAndMade
1000000 usd
ftft Deposit Paid And Prepayments
DepositPaidAndPrepayments
970000 usd
CY2022Q2 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
11590000 usd
CY2021Q3 us-gaap Debt Instrument Description
DebtInstrumentDescription
FUCE Future Supply Chain (Xi’an) Co., Ltd., a wholly owned subsidiary of the Company, entered into a “Loan Agreement” with a third party. Pursuant to the Loan Agreement, FUCE Future Supply Chain (Xi’an) Co., Ltd. loaned an amount of US$0.22 million (RMB1.5million) to the third party at the annual interest rate of 5% from September 8, 2021 to September 7, 2022.
CY2022Q1 us-gaap Debt Instrument Description
DebtInstrumentDescription
Future FinTech (Hong Kong) Limited (“FTFT HK”), a wholly owned subsidiary of the Company, entered into a “Loan Agreement” with a third party. Pursuant to the Loan Agreement, FTFT HK loaned an amount of US$5 million to the third party at the annual interest rate of 10% from March 10, 2022 to September 9, 2022.
CY2022Q2 us-gaap Debt Instrument Description
DebtInstrumentDescription
FTFT HK entered into a “Loan Agreement” with a third party. Pursuant to the Loan Agreement, FTFT HK loaned an amount of US$ 6.36 million to the third party at the annual interest rate of 10% from May 31, 2022 to May 30,2023.
us-gaap Interest Income Short Term Investment Other
InterestIncomeShortTermInvestmentOther
1260000 usd
CY2021Q3 us-gaap Alternative Investment
AlternativeInvestment
1940000 usd
CY2021Q3 us-gaap Alternative Investment
AlternativeInvestment
13000000 cny
CY2022Q2 us-gaap Assets Sold Under Agreements To Repurchase Market Value
AssetsSoldUnderAgreementsToRepurchaseMarketValue
1260000 usd
CY2022Q2 us-gaap Other Inventory Supplies
OtherInventorySupplies
5315262 usd
CY2021Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
2243295 usd
CY2022Q2 us-gaap Supplies
Supplies
237428 usd
CY2021Q4 us-gaap Supplies
Supplies
439404 usd
CY2022Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
269847 usd
CY2021Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
245000 usd
ftft Total
Total
5822537 usd
CY2021 ftft Total
Total
2927699 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
131165 usd
CY2022Q2 us-gaap Goodwill Gross
GoodwillGross
17164598 usd
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
275624 usd
CY2022Q2 ftft Total Purchase Price For Acquisition Net Cash
TotalPurchasePriceForAcquisitionNetCash
18069460 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
20000.00 usd
ftft Lessee Operating Lease Remaining Lease Term1
LesseeOperatingLeaseRemainingLeaseTerm1
P1M
CY2022Q2 ftft Operating Lease Weighted Average Remaining Lease Term
OperatingLeaseWeightedAverageRemainingLeaseTerm
P0Y29D
ftft Operating Lease Weighted Average Discount Rate Percent1
OperatingLeaseWeightedAverageDiscountRatePercent1
0.06 pure
us-gaap Goodwill Transfers
GoodwillTransfers
15690000 usd
CY2021Q3 ftft Percentage Of Issued And Outstanding Shares
PercentageOfIssuedAndOutstandingShares
0.90 pure
CY2021Q3 ftft Common Stock Paid
CommonStockPaid
144000000 hkd
CY2021Q3 ftft Percentage Of Common Stock Shares
PercentageOfCommonStockShares
0.60 pure
CY2021Q3 ftft Common Stock Paid
CommonStockPaid
11220000 usd
CY2021Q3 ftft Issuance Of Common Stock
IssuanceOfCommonStock
2244156 shares
CY2021Q4 ftft Percentage Of Common Stock Shares
PercentageOfCommonStockShares
0.40 pure
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
7210000 usd
CY2021 ftft Audited Reports Percentage
AuditedReportsPercentage
0.20 pure
CY2021Q3 ftft Issued And Outstanding Percentage
IssuedAndOutstandingPercentage
0.90 pure
CY2021Q3 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
144000000 hkd
CY2021Q3 us-gaap Debt Instrument Redemption Price Percentage
DebtInstrumentRedemptionPricePercentage
0.60 pure
CY2021Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
11220000 usd
CY2021Q3 us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
2244156 shares
CY2021 ftft Purchase Price Percentage
PurchasePricePercentage
0.40 pure
CY2022Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
1407902 usd
CY2022Q2 ftft Other Receivable
OtherReceivable
27701 usd
CY2022Q2 ftft Other Current Assets
OtherCurrentAssets
7039 usd
CY2022Q2 ftft Property Plant Equipment Net
PropertyPlantEquipmentNet
53577 usd
CY2022Q2 us-gaap Due From Related Parties Noncurrent
DueFromRelatedPartiesNoncurrent
38323 usd
CY2022Q2 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
498515 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
1036027 usd
CY2022Q2 ftft Operating Leases Future Minimum Payments Due In Two Year
OperatingLeasesFutureMinimumPaymentsDueInTwoYear
15665 usd
CY2022Q2 ftft Operating Leases Future Minimum Payment Due
OperatingLeasesFutureMinimumPaymentDue
15665 usd
CY2022Q2 ftft Capital Lease Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeaseFutureMinimumPaymentsPresentValueOfNetMinimumPayments
15665 usd
CY2022Q2 ftft Operating Leases Liability Current
OperatingLeasesLiabilityCurrent
-15665 usd
CY2022Q2 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
218425 usd
CY2021Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
173551 usd
ftft Vehicle
Vehicle
551124 usd
CY2021 ftft Vehicle
Vehicle
595569 usd
CY2022Q2 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
37540 usd
CY2021Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
37779 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
807089 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
806899 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
184582 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
99323 usd
CY2022Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
2338557 usd
CY2021Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
2461690 usd
CY2022Q2 ftft Impairment Loss
ImpairmentLoss
-5903 usd
CY2021Q4 ftft Impairment Loss
ImpairmentLoss
-6214 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2955161 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3163052 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
90182 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1411 usd
us-gaap Accumulated Depreciation Depletion And Amortization Sale Of Property Plant And Equipment1
AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment1
0 usd
us-gaap Accumulated Depreciation Depletion And Amortization Sale Of Property Plant And Equipment1
AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment1
0 usd
CY2022Q2 us-gaap Finite Lived Trademarks Gross
FiniteLivedTrademarksGross
894 usd
CY2021Q4 us-gaap Finite Lived Trademarks Gross
FiniteLivedTrademarksGross
941 usd
CY2022Q2 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
2594759 usd
CY2021Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
2126791 usd
CY2022Q2 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
2595653 usd
CY2021Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
2127732 usd
CY2022Q2 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
169191 usd
CY2021Q4 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
148533 usd
CY2022Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
1807869 usd
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
1903059 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
618593 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
76140 usd
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
28233 usd
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
2500 usd
us-gaap Real Estate Investment Partnership Cost Of Sales
RealEstateInvestmentPartnershipCostOfSales
0 usd
us-gaap Real Estate Investment Partnership Cost Of Sales
RealEstateInvestmentPartnershipCostOfSales
0 usd
CY2022Q2 us-gaap Loans Payable To Bank Current
LoansPayableToBankCurrent
180000 usd
CY2021Q4 us-gaap Loans Payable To Bank Current
LoansPayableToBankCurrent
190000 usd
CY2022Q2 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
39504 usd
CY2021Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
280647 usd
CY2022Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
169210 usd
CY2021Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
272093 usd
CY2022Q2 ftft Accrued Suppliers
AccruedSuppliers
380274 usd
CY2021Q4 ftft Accrued Suppliers
AccruedSuppliers
155043 usd
CY2022Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
713258 usd
CY2021Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
590815 usd
CY2022Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
1302246 usd
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
1298598 usd
ftft Income Available To Common Stockholders From Continuing Operation Pershare
IncomeAvailableToCommonStockholdersFromContinuingOperationPershare
CY2020Q4 us-gaap Convertible Debt
ConvertibleDebt
1163146 usd
CY2021 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
1163146 usd
ftft Purchase Price Description
PurchasePriceDescription
20% of the Purchase Price (current $3.74 million, non-current $3.56 million) shall be paid in shares of common stock of the Company upon the completion of the audited reports for Nice Talent for each of the years ended on December 31, 2021 and December 31, 2022, respectively. Nice Talent has met the performance requirements for the year ended on December 31, 2021, however, the 20% of the Purchase Price has not been paid in the shares of common stock of the Company as of the date of this report.
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
7120000 usd
CY2021 ftft Deferred Purchase Prices
DeferredPurchasePrices
0.40 pure
CY2021Q4 ftft Current Purchase Price
CurrentPurchasePrice
3740000 usd
CY2021Q4 ftft Non Current Purchase Price
NonCurrentPurchasePrice
3380000 usd
CY2022Q2 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
238676 usd
CY2021Q1 ftft Stock Closing Price
StockClosingPrice
0.794
CY2021Q1 ftft Consultant Shares
ConsultantShares
1125000 shares
ftft Net Income
NetIncome
0.10 pure
CY2022Q2 us-gaap Due From Related Parties
DueFromRelatedParties
20431 usd
CY2021Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
992702 usd
CY2021Q4 us-gaap Due From Related Parties
DueFromRelatedParties
261413 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.21 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.21 pure
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
311741 usd
ftft Income Tax Description
IncomeTaxDescription
Effective on January 1, 2008, the PRC Enterprise Income Tax Law, EIT Law, and Implementing Rules imposed a unified enterprise income tax rate of 25% on all domestic-invested enterprises and foreign-invested enterprises in the PRC, unless they qualify under certain limited exceptions. The tax rate for pre-tax profits below RMB 1 million is 2.5%; the tax rate for pre-tax profits between RMB1 million to RMB 3 million is 10%. E-Commerce Tianjin, Future Supply (Chengdu) Co., Ltd. and Future Big Data (Chengdu) Co., Ltd. were subject to an enterprise income tax rate of 2.5% and 10%. Other subsidiaries and VIE were subject to an enterprise income tax rate of 25%. 
ftft Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interests
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterests
4723164 usd
ftft Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interests
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterests
1817707 usd
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-1180791 usd
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-454427 usd
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
306902 usd
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
53939 usd
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1185630 usd
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
400488 usd
us-gaap Income Tax Reconciliation Tax Settlements
IncomeTaxReconciliationTaxSettlements
311741 usd
us-gaap Goodwill Impairment Loss Net Of Tax
GoodwillImpairmentLossNetOfTax
700000 usd
CY2022Q2 us-gaap Investment Owned Underlying Face Amount At Market Value
InvestmentOwnedUnderlyingFaceAmountAtMarketValue
1940000 usd
CY2022Q2 us-gaap Investment Owned Underlying Face Amount At Market Value
InvestmentOwnedUnderlyingFaceAmountAtMarketValue
13000000 cny
CY2022Q2 us-gaap Marketable Securities
MarketableSecurities
1260000 usd
CY2020Q1 ftft Consulting Fee
ConsultingFee
3000000 usd
CY2020Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
3750000 shares
CY2020Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.794
CY2020Q1 ftft Consulting Service Agreement Description
ConsultingServiceAgreementDescription
On February 23, 2020, the Company issued the Consultant Shares pursuant to the Agreement, of which 1,500,000 shares were released to the Consultant immediately, 1,125,000 and 1,125,000 shares, respectively, will be held by the Company and released to the Consultant on January 25, 2021 and January 25, 2022 if this Agreement has not been terminated and there has been no breach of the Agreement by the Consultant at such time.
CY2020 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
1190000 usd
CY2021Q1 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
890000 usd
us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
usd
CY2022Q2 us-gaap Equity Restrictions
EquityRestrictions
25950000 usd
CY2022Q2 us-gaap Equity Restrictions
EquityRestrictions
168239218 cny
CY2021Q2 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
594658 usd
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
593772 usd
CY2021Q2 ftft Disposal Group Including Discontinued Operation Costs Of Good Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodSold
574568 usd
ftft Disposal Group Including Discontinued Operation Costs Of Good Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodSold
573682 usd
CY2021Q2 us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss
20090 usd
us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss
20090 usd
CY2021Q2 ftft Disposal Group Including Discontinued Operation General And Administrative Expenses
DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpenses
-197073 usd
ftft Disposal Group Including Discontinued Operation General And Administrative Expenses
DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpenses
-130461 usd
CY2021Q2 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
-6 usd
us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
-3075 usd
CY2021Q2 ftft Disposal Group Including Discontinued Operation Interest Expenses
DisposalGroupIncludingDiscontinuedOperationInterestExpenses
-197079 usd
ftft Disposal Group Including Discontinued Operation Interest Expenses
DisposalGroupIncludingDiscontinuedOperationInterestExpenses
-133536 usd
CY2021Q2 ftft Disposal Group Including Discontinued Operations Interest Expenses
DisposalGroupIncludingDiscontinuedOperationsInterestExpenses
147953 usd
ftft Disposal Group Including Discontinued Operations Interest Expenses
DisposalGroupIncludingDiscontinuedOperationsInterestExpenses
281308 usd
CY2021Q2 ftft Other Incomeexpenses
otherIncomeexpenses
-602 usd
ftft Other Incomeexpenses
otherIncomeexpenses
25493 usd
CY2021Q2 ftft Disposal Group Including Discontinued Other Income Expenses
DisposalGroupIncludingDiscontinuedOtherIncomeExpenses
147351 usd
ftft Disposal Group Including Discontinued Other Income Expenses
DisposalGroupIncludingDiscontinuedOtherIncomeExpenses
306801 usd
CY2021Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
364520 usd
us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
460427 usd
CY2021Q2 ftft Income Loss From Discontinued Operation Before Minority Interest
IncomeLossFromDiscontinuedOperationBeforeMinorityInterest
364520 usd
ftft Income Loss From Discontinued Operation Before Minority Interest
IncomeLossFromDiscontinuedOperationBeforeMinorityInterest
460427 usd
CY2022Q2 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
-154 usd
CY2021Q2 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
508407 usd
us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
-154 usd
us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
156493 usd
CY2022Q2 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
-154 usd
CY2021Q2 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
872927 usd
us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
-154 usd
us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
616920 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
usd
CY2021Q4 ftft Disposal Group Including Discontinued Operation Amount Due To Related Parties
DisposalGroupIncludingDiscontinuedOperationAmountDueToRelatedParties
157 usd
CY2021Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
157 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 pure
CY2022Q2 ftft Reportable Segment Revenue
ReportableSegmentRevenue
7418277 usd
CY2022Q2 ftft Revenues From External Customers
RevenuesFromExternalCustomers
7418277 usd
CY2022Q2 ftft Segment Gross Profit
SegmentGrossProfit
1375420 usd
CY2021Q2 ftft Reportable Segment Revenue
ReportableSegmentRevenue
1346924 usd
CY2021Q2 ftft Revenues From External Customers
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