2023 Q3 Form 10-Q Financial Statement

#000121390023069361 Filed on August 21, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q4
Revenue $23.75M $3.809M $1.037M
YoY Change 98.63% -48.65% -91.73%
Cost Of Revenue $22.36M $2.550M $298.4K
YoY Change 113.65% -57.8% -97.33%
Gross Profit $1.391M $1.259M $738.9K
YoY Change -6.85% -8.45% -45.77%
Gross Profit Margin 5.86% 33.06% 71.23%
Selling, General & Admin $3.938M $2.670M $4.628M
YoY Change 2.76% -10.98% 37.96%
% of Gross Profit 283.17% 212.03% 626.32%
Research & Development $16.80K $116.4K $677.7K
YoY Change -97.88% -84.89% -2.93%
% of Gross Profit 1.21% 9.24% 91.71%
Depreciation & Amortization $100.0K $90.45K $65.81K
YoY Change 55.09% 47.24% 45.82%
% of Gross Profit 7.19% 7.18% 8.91%
Operating Expenses $3.977M $1.599M $5.372M
YoY Change -35.15% -62.1% 32.54%
Operating Profit -$2.586M -$339.6K -$4.633M
YoY Change -44.26% -88.05% 72.2%
Interest Expense $200.0K $245.6K $463.1K
YoY Change -53.12% 2.42% 196.35%
% of Operating Profit
Other Income/Expense, Net $147.1K -$1.268M $848.7K
YoY Change -87.81% -301.34% 36.94%
Pretax Income -$2.439M -$1.607M -$5.643M
YoY Change -28.94% -27.36% 109.33%
Income Tax $10.74K $35.88K $3.920K
% Of Pretax Income
Net Earnings -$2.408M -$1.538M -$5.462M
YoY Change -33.73% -27.13% 162.12%
Net Earnings / Revenue -10.14% -40.37% -526.58%
Basic Earnings Per Share -$0.16 -$0.10
Diluted Earnings Per Share -$0.16 -$0.11 -$0.37
COMMON SHARES
Basic Shares Outstanding 14.65M shares 14.65M shares 73.11M shares
Diluted Shares Outstanding 14.69M shares 14.69M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $33.70M $34.39M $30.73M
YoY Change -0.69% -20.56% -41.44%
Cash & Equivalents $33.40M $36.79M $29.74M
Short-Term Investments $1.000M $1.062M $990.0K
Other Short-Term Assets $2.900M $19.94M $4.670M
YoY Change -65.6% 242.39% 59.52%
Inventory $489.6K $518.1K
Prepaid Expenses $72.54K
Receivables $3.226M $2.708M $7.797M
Other Receivables $5.888M $5.740M $2.650M
Total Short-Term Assets $50.66M $71.20M $65.05M
YoY Change -23.66% 7.15% -10.55%
LONG-TERM ASSETS
Property, Plant & Equipment $4.627M $4.379M $4.417M
YoY Change 38.09% 48.19% 39.65%
Goodwill $13.98M $13.98M $13.98M
YoY Change -11.15% -10.94% -10.32%
Intangibles $475.3K $489.6K $518.1K
YoY Change -27.3% -20.86% 580.42%
Long-Term Investments
YoY Change
Other Assets $2.212M $19.91M $4.670M
YoY Change
Total Long-Term Assets $19.88M $19.73M $19.97M
YoY Change -0.84% 2.32% 5.45%
TOTAL ASSETS
Total Short-Term Assets $50.66M $71.20M $65.05M
Total Long-Term Assets $19.88M $19.73M $19.97M
Total Assets $70.54M $90.93M $85.02M
YoY Change -18.37% 6.06% -7.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $352.3K $396.6K $3.604M
YoY Change 913.44% 1289.6% 4561389.87%
Accrued Expenses $2.800M $3.228M $2.214M
YoY Change 81.08% 147.86% 70.51%
Deferred Revenue
YoY Change
Short-Term Debt $700.0K $3.460M
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $11.52M $29.41M $18.57M
YoY Change -2.14% 321.79% 156.84%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $500.0K $586.7K $761.0K
YoY Change -86.87% -83.51% -77.51%
Total Long-Term Liabilities $513.2K $586.7K $761.0K
YoY Change -86.52% -84.3% -78.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.52M $29.41M $18.57M
Total Long-Term Liabilities $513.2K $586.7K $761.0K
Total Liabilities $12.03M $30.00M $19.33M
YoY Change -22.76% 180.11% 78.95%
SHAREHOLDERS EQUITY
Retained Earnings -$158.3M -$155.9M -$152.3M
YoY Change 7.87% 8.85% 9.86%
Common Stock $14.65K $14.65K $14.65K
YoY Change -79.97% -79.1% -79.1%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $59.97M $62.35M $66.97M
YoY Change
Total Liabilities & Shareholders Equity $70.54M $90.93M $85.02M
YoY Change -18.37% 6.06% -7.24%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q4
OPERATING ACTIVITIES
Net Income -$2.408M -$1.538M -$5.462M
YoY Change -33.73% -27.13% 162.12%
Depreciation, Depletion And Amortization $100.0K $90.45K $65.81K
YoY Change 55.09% 47.24% 45.82%
Cash From Operating Activities -$400.0K $4.534M -$3.276M
YoY Change -107.0% -200.96% -1616.83%
INVESTING ACTIVITIES
Capital Expenditures $400.0K $59.13K $529.7K
YoY Change -5594.51% -273.3% -120.44%
Acquisitions
YoY Change
Other Investing Activities -$600.0K $14.54M $778.7K
YoY Change -92.9% -328.55% -141.36%
Cash From Investing Activities -$1.000M $14.48M $249.0K
YoY Change -88.17% -326.41% -105.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.900M 0.000 0.000
YoY Change -33.91% -100.0% -100.0%
NET CHANGE
Cash From Operating Activities -400.0K 4.534M -3.276M
Cash From Investing Activities -1.000M 14.48M 249.0K
Cash From Financing Activities -2.900M 0.000 0.000
Net Change In Cash -4.300M 19.02M -3.027M
YoY Change -39.68% -284.46% -6.88%
FREE CASH FLOW
Cash From Operating Activities -$400.0K $4.534M -$3.276M
Capital Expenditures $400.0K $59.13K $529.7K
Free Cash Flow -$800.0K $4.475M -$3.806M
YoY Change -113.98% -200.41% -235.57%

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NetIncomeLossAttributableToNoncontrollingInterest
-136830 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-401505 usd
CY2023Q2 ftft Income Loss From Continuing Operations Including Portions Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionsAttributableToNoncontrollingInterest
-1472004 usd
CY2022Q2 ftft Income Loss From Continuing Operations Including Portions Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionsAttributableToNoncontrollingInterest
-2110392 usd
ftft Income Loss From Continuing Operations Including Portions Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionsAttributableToNoncontrollingInterest
-3648468 usd
ftft Income Loss From Continuing Operations Including Portions Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionsAttributableToNoncontrollingInterest
-4633554 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-1643301 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-2336534 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-3890778 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-5034905 usd
CY2023Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-1488634 usd
CY2022Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-1084545 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-1687807 usd
CY2023Q2 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-66558 usd
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
114293 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-3198493 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-3841724 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-6722712 usd
CY2023Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
105480 usd
CY2022Q2 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
105480 usd
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-154 usd
CY2023Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
105480 usd
CY2022Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
-154 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
105480 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
-154 usd
CY2023Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-3093013 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-3841878 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-4755550 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-6722866 usd
CY2023Q2 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
-65817 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
-226296 usd
us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
-136830 usd
us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
-401505 usd
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-3027196 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-3615582 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-4618720 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-6321361 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.11
CY2022Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.16
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.26
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.35
CY2023Q2 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
CY2023Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.1
CY2022Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.16
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.25
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.35
CY2023Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.11
CY2022Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.16
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.26
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.34
CY2023Q2 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
CY2023Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.1
CY2022Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.16
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.25
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.34
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14645653 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13088090 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14645653 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13088090 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14687761 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13645881 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14687761 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13645881 shares
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
78866420 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-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
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
64023104 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-1643301 usd
CY2023Q2 us-gaap Debt Securities Unrealized Gain Loss
DebtSecuritiesUnrealizedGainLoss
-66558 usd
CY2023Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1488634 usd
CY2023Q2 ftft Disposition Of Discontinued Operation
DispositionOfDiscontinuedOperation
105480 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
60930091 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
80854158 usd
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-5034905 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
65685641 usd
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-3890778 usd
us-gaap Debt Securities Unrealized Gain Loss
DebtSecuritiesUnrealizedGainLoss
114293 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1084545 usd
ftft Disposition Of Discontinued Operation
DispositionOfDiscontinuedOperation
105480 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
60930091 usd
us-gaap Profit Loss
ProfitLoss
-3785298 usd
us-gaap Profit Loss
ProfitLoss
-5035059 usd
ftft Net Incomeloss From Discontinued Operation
NetIncomelossFromDiscontinuedOperation
-105480 usd
ftft Net Incomeloss From Discontinued Operation
NetIncomelossFromDiscontinuedOperation
154 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-3890778 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-5034905 usd
us-gaap Depreciation
Depreciation
149803 usd
us-gaap Depreciation
Depreciation
90182 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
28518 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
28233 usd
ftft Provision Of Doubtful Debts
ProvisionOfDoubtfulDebts
17085 usd
ftft Provision Of Doubtful Debts
ProvisionOfDoubtfulDebts
1973 usd
us-gaap Share Based Compensation
ShareBasedCompensation
893250 usd
ftft Impairment Of Short Term Investment
ImpairmentOfShortTermInvestment
697123 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
5088179 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
2519226 usd
us-gaap Increase Decrease In Notes Receivable Current
IncreaseDecreaseInNotesReceivableCurrent
1174122 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
3107748 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
1198592 usd
us-gaap Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
15265659 usd
us-gaap Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
2894838 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3206986 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
28461 usd
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
-97523 usd
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
-122329 usd
ftft Repayment Of Amounts Due To Related Parties Net
RepaymentOfAmountsDueToRelatedPartiesNet
112491 usd
ftft Repayment Of Amounts Due To Related Parties Net
RepaymentOfAmountsDueToRelatedPartiesNet
242828 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
715937 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-569006 usd
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-41133 usd
ftft Increase Decrease In Advances From Customers
IncreaseDecreaseInAdvancesFromCustomers
13478555 usd
ftft Increase Decrease In Advances From Customers
IncreaseDecreaseInAdvancesFromCustomers
1645086 usd
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-6008062 usd
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-5129561 usd
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
105480 usd
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
3 usd
ftft Additions To Property Plant And Equipment
AdditionsToPropertyPlantAndEquipment
128098 usd
ftft Additions To Property Plant And Equipment
AdditionsToPropertyPlantAndEquipment
52019 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
11363000 usd
ftft Repayment For Loan Receivable
RepaymentForLoanReceivable
14767621 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
NetCashProvidedByUsedInInvestingActivities
14639523 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5985370 usd
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-63477 usd
ftft Proceeds From Loan Payable
ProceedsFromLoanPayable
-4199879 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4136402 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1685141 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1263771 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7051800 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-8242297 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
29735170 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
50273517 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
36786970 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
42031220 usd
ftft Deferred Liabilities
DeferredLiabilities
173764 usd
us-gaap Interest Paid Net
InterestPaidNet
6018 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
713501 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
41133 usd
CY2022Q3 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
685000 eur
CY2023Q2 us-gaap Share Price
SharePrice
0.001
CY2023Q2 us-gaap Shares Issued
SharesIssued
10000000 shares
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">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="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
ftft Operating Loss
OperatingLoss
3890000 usd
ftft Operating Cash Flow
OperatingCashFlow
6010000.00 usd
ftft Income Loss From Continuing Operations Including Portion Attributables To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributablesToNoncontrollingInterest
-3753948 usd
ftft Net Incomeloss From Continued Operations Share
NetIncomelossFromContinuedOperationsShare
14645653 shares
ftft Net Incomeloss From Continued Operations Preshare Amount
NetIncomelossFromContinuedOperationsPreshareAmount
-0.26
ftft Net Income Loss From Discontinued Operation Available To Common Shareholders Basics
NetIncomeLossFromDiscontinuedOperationAvailableToCommonShareholdersBasics
105480 usd
ftft Net Incomeloss From Discontinuing Operations Share
NetIncomelossFromDiscontinuingOperationsShare
14645653 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
-3753948 usd
ftft Loss Available To Common Stockholders From Continuing Operations Share
LossAvailableToCommonStockholdersFromContinuingOperationsShare
14645653 shares
ftft Loss Available To Common Stockholders From Continuing Operations Preshare Amount
LossAvailableToCommonStockholdersFromContinuingOperationsPreshareAmount
-0.26
ftft Income Loss From Continuings Operation
IncomeLossFromContinuingsOperation
105480 usd
ftft Incomeloss Available To Common Stockholders From Discontinuing Operations Share
IncomelossAvailableToCommonStockholdersFromDiscontinuingOperationsShare
14645653 shares
ftft Incomeloss Available To Common Stockholders From Discontinuing Operations Preshare Amount
IncomelossAvailableToCommonStockholdersFromDiscontinuingOperationsPreshareAmount
0.01
ftft Warrants Shares
WarrantsShares
42108 shares
ftft Diluted Loss Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Average Co
DilutedLossPerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAverageCo
-3753948 usd
ftft Diluted Loss Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Average C
DilutedLossPerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAverageC
14687761 shares
ftft Diluted Loss Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Average Cos
DilutedLossPerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAverageCos
-0.26
ftft Diluted Income Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Average
DilutedIncomePerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAverage
105480 usd
ftft Diluted Income Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Averages
DilutedIncomePerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAverages
14687761 shares
ftft Diluted Income Per Share Is Calculated By Taking Net Loses Divided By The Diluted Weighted Average
DilutedIncomePerShareIsCalculatedByTakingNetLosesDividedByTheDilutedWeightedAverage
0.01
ftft Income Loss From Continuing Operations Including Portion Attributables To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributablesToNoncontrollingInterest
-5034905 usd
ftft Net Incomeloss From Continued Operations Share
NetIncomelossFromContinuedOperationsShare
13088090 shares
ftft Net Incomeloss From Continued Operations Preshare Amount
NetIncomelossFromContinuedOperationsPreshareAmount
-0.35
ftft Net Income Loss From Discontinued Operation Available To Common Shareholders Basics
NetIncomeLossFromDiscontinuedOperationAvailableToCommonShareholdersBasics
-154 usd
ftft Net Incomeloss From Discontinuing Operations Share
NetIncomelossFromDiscontinuingOperationsShare
13088090 shares
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
13088090 shares
ftft Loss Available To Common Stockholders From Continuing Operations Preshare Amount
LossAvailableToCommonStockholdersFromContinuingOperationsPreshareAmount
-0.35
ftft Income Loss From Continuings Operation
IncomeLossFromContinuingsOperation
-154 usd
ftft Incomeloss Available To Common Stockholders From Discontinuing Operations Share
IncomelossAvailableToCommonStockholdersFromDiscontinuingOperationsShare
13088090 shares
ftft Warrants Shares
WarrantsShares
557791 shares
ftft Diluted Loss Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Average Co
DilutedLossPerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAverageCo
-5034905 usd
ftft Diluted Loss Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Average C
DilutedLossPerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAverageC
13645881 shares
ftft Diluted Loss Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Average Cos
DilutedLossPerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAverageCos
-0.34
ftft Diluted Income Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Average
DilutedIncomePerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAverage
-154 usd
ftft Diluted Income Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Averages
DilutedIncomePerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAverages
13645881 shares
CY2023Q2 ftft Income Loss From Continuing Operations Including Portion Attributables To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributablesToNoncontrollingInterest
-1577484 usd
CY2023Q2 ftft Net Incomeloss From Continued Operations Share
NetIncomelossFromContinuedOperationsShare
14645653 shares
CY2023Q2 ftft Net Incomeloss From Continued Operations Preshare Amount
NetIncomelossFromContinuedOperationsPreshareAmount
-0.11
CY2023Q2 ftft Net Income Loss From Discontinued Operation Available To Common Shareholders Basics
NetIncomeLossFromDiscontinuedOperationAvailableToCommonShareholdersBasics
105480 usd
CY2023Q2 ftft Net Incomeloss From Discontinuing Operations Share
NetIncomelossFromDiscontinuingOperationsShare
14645653 shares
CY2023Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0.01
CY2023Q2 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-1577484 usd
CY2023Q2 ftft Loss Available To Common Stockholders From Continuing Operations Share
LossAvailableToCommonStockholdersFromContinuingOperationsShare
14645653 shares
CY2023Q2 ftft Loss Available To Common Stockholders From Continuing Operations Preshare Amount
LossAvailableToCommonStockholdersFromContinuingOperationsPreshareAmount
-0.11
CY2023Q2 ftft Income Loss From Continuings Operation
IncomeLossFromContinuingsOperation
105480 usd
CY2023Q2 ftft Incomeloss Available To Common Stockholders From Discontinuing Operations Share
IncomelossAvailableToCommonStockholdersFromDiscontinuingOperationsShare
14645653 shares
CY2023Q2 ftft Incomeloss Available To Common Stockholders From Discontinuing Operations Preshare Amount
IncomelossAvailableToCommonStockholdersFromDiscontinuingOperationsPreshareAmount
0.01
CY2023Q2 ftft Warrants Shares
WarrantsShares
42108 shares
CY2023Q2 ftft Diluted Loss Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Average Co
DilutedLossPerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAverageCo
-1577484 usd
CY2023Q2 ftft Diluted Loss Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Average C
DilutedLossPerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAverageC
14687761 shares
CY2023Q2 ftft Diluted Loss Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Average Cos
DilutedLossPerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAverageCos
-0.11
CY2023Q2 ftft Diluted Income Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Average
DilutedIncomePerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAverage
105480 usd
CY2023Q2 ftft Diluted Income Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Averages
DilutedIncomePerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAverages
14687761 shares
CY2023Q2 ftft Diluted Income Per Share Is Calculated By Taking Net Loses Divided By The Diluted Weighted Average
DilutedIncomePerShareIsCalculatedByTakingNetLosesDividedByTheDilutedWeightedAverage
0.01
CY2022Q2 ftft Income Loss From Continuing Operations Including Portion Attributables To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributablesToNoncontrollingInterest
-2110238 usd
CY2022Q2 ftft Net Incomeloss From Continued Operations Share
NetIncomelossFromContinuedOperationsShare
13088090 shares
CY2022Q2 ftft Net Incomeloss From Continued Operations Preshare Amount
NetIncomelossFromContinuedOperationsPreshareAmount
-0.16
CY2022Q2 ftft Net Income Loss From Discontinued Operation Available To Common Shareholders Basics
NetIncomeLossFromDiscontinuedOperationAvailableToCommonShareholdersBasics
-154 usd
CY2022Q2 ftft Net Incomeloss From Discontinuing Operations Share
NetIncomelossFromDiscontinuingOperationsShare
13088090 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
13088090 shares
CY2022Q2 ftft Loss Available To Common Stockholders From Continuing Operations Preshare Amount
LossAvailableToCommonStockholdersFromContinuingOperationsPreshareAmount
-0.16
CY2022Q2 ftft Income Loss From Continuings Operation
IncomeLossFromContinuingsOperation
-154 usd
CY2022Q2 ftft Incomeloss Available To Common Stockholders From Discontinuing Operations Share
IncomelossAvailableToCommonStockholdersFromDiscontinuingOperationsShare
13088090 shares
CY2022Q2 ftft Warrants Shares
WarrantsShares
557791 shares
CY2022Q2 ftft Diluted Loss Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Average Co
DilutedLossPerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAverageCo
-2110238 usd
CY2022Q2 ftft Diluted Loss Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Average C
DilutedLossPerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAverageC
13645881 shares
CY2022Q2 ftft Diluted Loss Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Average Cos
DilutedLossPerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAverageCos
-0.16
CY2022Q2 ftft Diluted Income Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Average
DilutedIncomePerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAverage
-154 usd
CY2022Q2 ftft Diluted Income Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Averages
DilutedIncomePerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAverages
13645881 shares
CY2022Q4 ftft Total Accounts Receivables Net
TotalAccountsReceivablesNet
7796672 usd
CY2023Q2 us-gaap Other Receivables
OtherReceivables
5740000 usd
CY2022Q2 us-gaap Deposits
Deposits
1860000 usd
CY2023Q1 us-gaap Deposits
Deposits
180000 usd
ftft Government Subsidies Recognized
GovernmentSubsidiesRecognized
500000 cny
ftft Government Subsidies Recognized
GovernmentSubsidiesRecognized
18000 gbp
ftft Increase In Bad Debt Expense
IncreaseInBadDebtExpense
-1170577 usd
ftft Increase In Bad Debt Expense
IncreaseInBadDebtExpense
1973 usd
us-gaap Deferred Revenue Additions
DeferredRevenueAdditions
3650000 usd
us-gaap Deferred Income Revenue Recognized
DeferredIncomeRevenueRecognized
480000 usd
CY2023Q1 us-gaap Deposits
Deposits
2400000 usd
CY2023Q2 ftft Agreement Amount
AgreementAmount
2400000 usd
ftft Total Accounts Receivable Net
TotalAccountsReceivableNet
0.8569 pure
CY2023Q2 us-gaap Other Short Term Investments
OtherShortTermInvestments
1060000.00 usd
CY2022Q4 us-gaap Other Short Term Investments
OtherShortTermInvestments
990000 usd
CY2023Q2 ftft Unrealized Holding Gains On Available For Sale Securities
UnrealizedHoldingGainsOnAvailableForSaleSecurities
110000 usd
CY2022Q4 us-gaap Other Investments
OtherInvestments
910000 usd
ftft Settlement Agreement Terms
SettlementAgreementTerms
P10Y
ftft Transfer Price
TransferPrice
0 usd
CY2022 ftft Total Accounts Receivable Net
TotalAccountsReceivableNet
0.7599 pure
CY2023Q2 ftft Coal And Aluminum Ingots Supply Chain Financing Trading
CoalAndAluminumIngotsSupplyChainFinancingTrading
1415853 usd
CY2022Q4 ftft Coal And Aluminum Ingots Supply Chain Financing Trading
CoalAndAluminumIngotsSupplyChainFinancingTrading
6624654 usd
CY2023Q2 ftft Asset Management Service
AssetManagementService
1283617 usd
CY2022Q4 ftft Asset Management Service
AssetManagementService
1145518 usd
CY2023Q2 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
9023 usd
CY2022Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
26500 usd
CY2023Q2 ftft Total Accounts Receivables Net
TotalAccountsReceivablesNet
2708493 usd
CY2023Q2 us-gaap Deposit Assets
DepositAssets
1480000 usd
CY2022 us-gaap Payments To Acquire Other Receivables
PaymentsToAcquireOtherReceivables
2650000 usd
CY2022Q4 ftft Company Corporated
CompanyCorporated
786887 eur
CY2022Q4 us-gaap Other Cash Equivalents At Carrying Value
OtherCashEquivalentsAtCarryingValue
400000 eur
CY2023Q1 us-gaap Amount Of Regulatory Assistance Received1
AmountOfRegulatoryAssistanceReceived1
240000 usd
CY2022Q2 us-gaap Cash Reserve Deposit Required And Made
CashReserveDepositRequiredAndMade
1000000 usd
CY2022Q2 us-gaap Accounts Receivable Sale
AccountsReceivableSale
240000 usd
ftft Deposit Paid And Prepayments
DepositPaidAndPrepayments
1170000 usd
CY2023Q2 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
4910000 usd
CY2022Q1 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
5000000 usd
CY2022Q2 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
6360000 usd
CY2022Q2 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.10 pure
CY2023Q2 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.10 pure
CY2023Q1 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.10 pure
CY2023Q2 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
400000 usd
CY2022Q3 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.08 pure
CY2022Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
19160000 usd
CY2021Q3 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
220000 usd
CY2021Q3 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
1500000 cny
CY2023Q3 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.0525 pure
CY2023Q3 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.0525 pure
CY2022Q1 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.10 pure
CY2023Q3 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.10 pure
CY2022Q2 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.10 pure
CY2022Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
400000 usd
CY2022Q4 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.10 pure
CY2022Q3 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
7280000 usd
CY2022Q3 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
50000000 cny
CY2022Q3 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.08 pure
CY2023Q3 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.08 pure
CY2023Q3 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
5090000.00 usd
CY2023Q3 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
35000000 cny
CY2023Q3 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
2180000 usd
CY2023Q3 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
15000000 cny
CY2023Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
1036027 usd
CY2023Q2 ftft Less Noncontrolling Interests
LessNoncontrollingInterests
131165 usd
CY2023Q2 us-gaap Goodwill Gross
GoodwillGross
17164598 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
275624 usd
us-gaap Interest Income Short Term Investment Other
InterestIncomeShortTermInvestmentOther
1060000.00 usd
CY2023Q2 us-gaap Other Investments
OtherInvestments
110000 usd
CY2022 us-gaap Interest Income Short Term Investment Other
InterestIncomeShortTermInvestmentOther
990000 usd
CY2021Q3 us-gaap Alternative Investment
AlternativeInvestment
13000000 cny
CY2021Q3 us-gaap Alternative Investment
AlternativeInvestment
1870000 usd
CY2022Q4 us-gaap Assets Sold Under Agreements To Repurchase Market Value
AssetsSoldUnderAgreementsToRepurchaseMarketValue
990000 usd
CY2022Q4 us-gaap Other Investments
OtherInvestments
910000 usd
CY2023Q2 us-gaap Other Inventory Supplies
OtherInventorySupplies
14955258 usd
CY2022Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
3766643 usd
CY2023Q2 ftft Prepayments For Sand And Steel Supply Chain Financing Trading
PrepaymentsForSandAndSteelSupplyChainFinancingTrading
3938132 usd
CY2023Q2 us-gaap Supplies
Supplies
110762 usd
CY2022Q4 us-gaap Supplies
Supplies
72544 usd
CY2023Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
906461 usd
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
831077 usd
CY2023Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
19910613 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
4670264 usd
CY2023Q2 ftft Total Purchase Price For Acquisition Net Cash
TotalPurchasePriceForAcquisitionNetCash
18069460 usd
CY2022Q4 us-gaap Sale Of Stock Percentage Of Ownership After Transaction
SaleOfStockPercentageOfOwnershipAfterTransaction
1 pure
CY2022Q4 ftft Company Incorporated
CompanyIncorporated
786887 gbp
CY2022Q4 ftft Company Incorporated
CompanyIncorporated
950000 usd
CY2023Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
1795069 usd
CY2022Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
1862289 usd
CY2023Q2 us-gaap Inventory Net
InventoryNet
489551 usd
us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
13980000 usd
CY2022 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
13980000 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
CY2022Q4 ftft Percentage Of Common Stock Shares
PercentageOfCommonStockShares
0.40 pure
CY2021 us-gaap Supplemental Deferred Purchase Price
SupplementalDeferredPurchasePrice
7390000 usd
CY2022 us-gaap Supplemental Deferred Purchase Price
SupplementalDeferredPurchasePrice
7390000 usd
CY2021 us-gaap Shares Acquired Weighted Average Discount To Net Assets Percentage
SharesAcquiredWeightedAverageDiscountToNetAssetsPercentage
0.20 pure
CY2022 us-gaap Shares Acquired Weighted Average Discount To Net Assets Percentage
SharesAcquiredWeightedAverageDiscountToNetAssetsPercentage
0.20 pure
CY2022Q4 us-gaap Proceeds From Sale Of Interest In Corporate Unit
ProceedsFromSaleOfInterestInCorporateUnit
786887 eur
CY2022Q4 us-gaap Proceeds From Sale Of Interest In Corporate Unit
ProceedsFromSaleOfInterestInCorporateUnit
950000 usd
CY2022Q4 ftft Impairment Losses
ImpairmentLosses
2210000 usd
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 Excess Stock Shares Issued
ExcessStockSharesIssued
2244156 shares
CY2021 ftft Number Of Installments
NumberOfInstallments
2 pure
CY2022 us-gaap Shares Acquired Weighted Average Discount To Net Assets Percentage
SharesAcquiredWeightedAverageDiscountToNetAssetsPercentage
0.20 pure
CY2021 ftft Purchase Price Percentage
PurchasePricePercentage
0.40 pure
CY2023Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
1407902 usd
CY2023Q2 ftft Other Receivable
OtherReceivable
27701 usd
CY2023Q2 ftft Other Current Assets
OtherCurrentAssets
7039 usd
CY2023Q2 ftft Property Plant Equipment Net
PropertyPlantEquipmentNet
53577 usd
CY2023Q2 ftft Due From Related Party Noncurrent
DueFromRelatedPartyNoncurrent
38323 usd
CY2023Q2 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
498515 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
880000 usd
ftft Lessee Operating Lease Remaining Lease Term1
LesseeOperatingLeaseRemainingLeaseTerm1
P45M
CY2023Q2 ftft Operating Lease Weighted Average Remaining Lease Term
OperatingLeaseWeightedAverageRemainingLeaseTerm
P3Y9M
ftft Operating Lease Weighted Average Discount Rate Percent1
OperatingLeaseWeightedAverageDiscountRatePercent1
0.0475 pure
CY2023Q2 ftft Operating Leases Future Minimum Payment Due Current
OperatingLeasesFutureMinimumPaymentDueCurrent
371336 usd
CY2023Q2 ftft Operating Leases Future Minimum Payments Due In Two Year
OperatingLeasesFutureMinimumPaymentsDueInTwoYear
231889 usd
CY2023Q2 ftft Operating Leases Future Minimum Payments Due In T Hree Year
OperatingLeasesFutureMinimumPaymentsDueInTHreeYear
204000 usd
CY2023Q2 ftft Operating Leases Future Minimum Payment Due In Four Years
OperatingLeasesFutureMinimumPaymentDueInFourYears
153000 usd
CY2023Q2 ftft Operating Leases Future Minimum Payment Due
OperatingLeasesFutureMinimumPaymentDue
960225 usd
CY2023Q2 ftft Capital Lease Future Minimum Payments Interest Included In Payments
CapitalLeaseFutureMinimumPaymentsInterestIncludedInPayments
75972 usd
CY2023Q2 ftft Capital Lease Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeaseFutureMinimumPaymentsPresentValueOfNetMinimumPayments
884253 usd
CY2023Q2 ftft Operating Leases Liability Current
OperatingLeasesLiabilityCurrent
297571 usd
CY2023Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
586682 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
140000 usd
CY2022Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
2579509 usd
CY2023Q2 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
222372 usd
CY2022Q4 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
199151 usd
CY2023Q2 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
561668 usd
CY2022Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
491022 usd
ftft Vehicle
Vehicle
859646 usd
CY2022 ftft Vehicle
Vehicle
798955 usd
CY2023Q2 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
37590 usd
CY2022Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
37785 usd
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1458904 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1327762 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
430112 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
277094 usd
CY2023Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
3356020 usd
CY2022Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
3372301 usd
CY2023Q2 ftft Impairment Loss
ImpairmentLoss
-5483 usd
CY2022Q4 ftft Impairment Loss
ImpairmentLoss
-5688 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4379329 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4417281 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
149803 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
90182 usd
CY2023Q2 us-gaap Finite Lived Trademarks Gross
FiniteLivedTrademarksGross
830 usd
CY2022Q4 us-gaap Finite Lived Trademarks Gross
FiniteLivedTrademarksGross
862 usd
CY2023Q2 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
2506162 usd
CY2022Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
2578647 usd
CY2023Q2 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
2506992 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
518069 usd
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
28518 usd
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
28233 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
57035 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
57035 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
57035 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
57035 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
57035 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
204376 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
489551 usd
CY2023Q2 ftft Investments In And Advances To Affiliate Balance Principal Amount
InvestmentsInAndAdvancesToAffiliateBalancePrincipalAmount
3459825 usd
CY2023Q2 us-gaap Derivative Average Swaption Interest Rate
DerivativeAverageSwaptionInterestRate
0.0005 pure
ftft Payments For Coal And Aluminum Ingots Supply Chain Financing Trading
PaymentsForCoalAndAluminumIngotsSupplyChainFinancingTrading
378608 usd
CY2022 ftft Payments For Coal And Aluminum Ingots Supply Chain Financing Trading
PaymentsForCoalAndAluminumIngotsSupplyChainFinancingTrading
3584920 usd
CY2023Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
17983 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
18657 usd
CY2023Q2 us-gaap Other Assets
OtherAssets
396591 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
3603577 usd
CY2023Q2 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
64303 usd
CY2022Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
533048 usd
CY2023Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
67275 usd
CY2022Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
763983 usd
CY2023Q2 ftft Accrued Suppliers
AccruedSuppliers
1040142 usd
CY2022Q4 ftft Accrued Suppliers
AccruedSuppliers
708287 usd
CY2023Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
1758473 usd
CY2022Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
208938 usd
CY2023Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
2930193 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
2214256 usd
CY2023Q2 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
14669656 usd
CY2022Q4 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
1233592 usd
CY2023Q2 us-gaap Other Deferred Costs Gross
OtherDeferredCostsGross
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CY2022Q4 us-gaap Other Deferred Costs Gross
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CY2023Q2 us-gaap Other Liabilities Current
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CY2022Q4 us-gaap Other Liabilities Current
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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%.
CY2022Q3 us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
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CY2023Q2 us-gaap Deferred Tax Liabilities
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ftft Purchase Price Percentage
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0.40 pure
CY2022 ftft Number Of Installments
NumberOfInstallments
2 pure
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Purchase Price Of Common Stock Percent
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0.20 pure
CY2022 ftft Purchase Price Percentage
PurchasePricePercentage
0.40 pure
CY2021 ftft Purchase Price Percentage
PurchasePricePercentage
0.40 pure
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
226372 usd
us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
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CY2022 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
244819 usd
CY2022 us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
53126 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 Other Income Tax Expense Benefit Continuing Operations
OtherIncomeTaxExpenseBenefitContinuingOperations
61552 usd
us-gaap Other Income Tax Expense Benefit Continuing Operations
OtherIncomeTaxExpenseBenefitContinuingOperations
311741 usd
ftft Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interests
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterests
3829226 usd
ftft Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interests
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterests
4723164 usd
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
25 usd
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
25 usd
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-957307 usd
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-1180791 usd
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
223650 usd
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
306902 usd
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
795209 usd
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
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us-gaap Income Tax Reconciliation Tax Settlements
IncomeTaxReconciliationTaxSettlements
61552 usd
us-gaap Income Tax Reconciliation Tax Settlements
IncomeTaxReconciliationTaxSettlements
311741 usd
ftft Short Term Investment
ShortTermInvestment
700000 usd
CY2023Q2 us-gaap Investment Owned Underlying Face Amount At Market Value
InvestmentOwnedUnderlyingFaceAmountAtMarketValue
1940000 usd
CY2023Q2 us-gaap Investment Owned Underlying Face Amount At Market Value
InvestmentOwnedUnderlyingFaceAmountAtMarketValue
13000000 cny
CY2022Q2 us-gaap Marketable Securities
MarketableSecurities
1260000 usd
CY2023Q1 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1-for-5 reverse stock split
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
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
CY2021Q1 ftft Stock Closing Price
StockClosingPrice
0.794
CY2021Q1 ftft Consultant Shares
ConsultantShares
1125000 shares
ftft Net Income
NetIncome
0.10 pure
ftft Payment Dividends
PaymentDividends
0.50 pure
CY2023Q2 us-gaap Equity Restrictions
EquityRestrictions
30700000 usd
CY2023Q2 us-gaap Equity Restrictions
EquityRestrictions
212706932 cny
CY2022Q3 us-gaap Common Stock No Par Value
CommonStockNoParValue
0.001
CY2022Q3 us-gaap Stock Option Exercise Price Decrease
StockOptionExercisePriceDecrease
0.42
CY2022Q3 us-gaap Investment Company Registration Expense
InvestmentCompanyRegistrationExpense
1280000 usd
CY2023Q2 ftft Reportable Segment Revenue
ReportableSegmentRevenue
3808991 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3808991 usd
CY2023Q2 ftft Segment Gross Profit
SegmentGrossProfit
1259167 usd
CY2022Q2 ftft Reportable Segment Revenue
ReportableSegmentRevenue
7418277 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
7418277 usd
CY2022Q2 ftft Segment Gross Profit
SegmentGrossProfit
1375420 usd
ftft Reportable Segment Revenue
ReportableSegmentRevenue
7202956 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
7202956 usd
ftft Segment Gross Profit
SegmentGrossProfit
2466804 usd
ftft Reportable Segment Revenue
ReportableSegmentRevenue
10884642 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
10884642 usd
ftft Segment Gross Profit
SegmentGrossProfit
3163397 usd
CY2023Q2 us-gaap Other Expenses
OtherExpenses
2866590 usd
CY2022Q2 us-gaap Other Expenses
OtherExpenses
3588166 usd
us-gaap Other Expenses
OtherExpenses
6296030 usd
us-gaap Other Expenses
OtherExpenses
7886561 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-1607423 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-2212746 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-3829226 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-4723164 usd
CY2023Q2 us-gaap Assets
Assets
90929817 usd
CY2022Q4 us-gaap Assets
Assets
85017719 usd
us-gaap Loss Contingency Damages Paid Value
LossContingencyDamagesPaidValue
7000000 usd
CY2023Q2 us-gaap Cash And Due From Banks
CashAndDueFromBanks
1650000 usd
CY2023Q3 us-gaap Cash And Due From Banks
CashAndDueFromBanks
150000 usd
CY2023Q3 us-gaap Cash And Due From Banks
CashAndDueFromBanks
150000 usd
dei Entity Central Index Key
EntityCentralIndexKey
0001066923
CY2023Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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ftft Cost Of Good Sold Related Party
CostOfGoodSoldRelatedParty
usd
CY2023Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
usd
CY2023Q2 us-gaap Interest Expense Other
InterestExpenseOther
usd
CY2022Q2 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
usd
ftft Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax Discontinued Operstion
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxDiscontinuedOperstion
usd
ftft Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax Discontinued Operstion
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxDiscontinuedOperstion
usd
CY2022Q2 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTaxPerBasicShare
us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTaxPerBasicShare
CY2022Q2 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTaxPerDilutedShare
us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTaxPerDilutedShare
us-gaap Share Based Compensation
ShareBasedCompensation
usd
ftft Impairment Of Short Term Investment
ImpairmentOfShortTermInvestment
usd
us-gaap Increase Decrease In Notes Receivable Current
IncreaseDecreaseInNotesReceivableCurrent
usd
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
usd
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
usd
ftft Proceeds From Loan Payable
ProceedsFromLoanPayable
usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
usd
ftft Deferred Liabilities
DeferredLiabilities
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
usd
ftft Warrants Per Share Price
WarrantsPerSharePrice
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
ftft Incomeloss Available To Common Stockholders From Discontinuing Operations Preshare Amount
IncomelossAvailableToCommonStockholdersFromDiscontinuingOperationsPreshareAmount
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
usd
ftft Warrants Per Share Price
WarrantsPerSharePrice
ftft Diluted Income Per Share Is Calculated By Taking Net Loses Divided By The Diluted Weighted Average
DilutedIncomePerShareIsCalculatedByTakingNetLosesDividedByTheDilutedWeightedAverage
CY2023Q2 ftft Warrants Per Share Price
WarrantsPerSharePrice
CY2022Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
CY2022Q2 ftft Incomeloss Available To Common Stockholders From Discontinuing Operations Preshare Amount
IncomelossAvailableToCommonStockholdersFromDiscontinuingOperationsPreshareAmount
CY2022Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
usd
CY2022Q2 ftft Warrants Per Share Price
WarrantsPerSharePrice
CY2022Q2 ftft Diluted Income Per Share Is Calculated By Taking Net Loses Divided By The Diluted Weighted Average
DilutedIncomePerShareIsCalculatedByTakingNetLosesDividedByTheDilutedWeightedAverage
us-gaap Deferred Revenue Additions
DeferredRevenueAdditions
usd
us-gaap Deferred Income Revenue Recognized
DeferredIncomeRevenueRecognized
usd
CY2022Q4 ftft Prepayments For Sand And Steel Supply Chain Financing Trading
PrepaymentsForSandAndSteelSupplyChainFinancingTrading
usd
us-gaap Accumulated Depreciation Depletion And Amortization Sale Of Property Plant And Equipment1
AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment1
usd
us-gaap Accumulated Depreciation Depletion And Amortization Sale Of Property Plant And Equipment1
AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment1
usd
us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
usd
us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
usd
ftft Recorded Impairment Loss
RecordedImpairmentLoss
usd
CY2023Q2 ftft Intersegment Loss
IntersegmentLoss
usd
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2

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