$FTFT
Future FinTech Group Inc.

2023 Q4 Form 10-Q Financial Statement

#000121390023088731 Filed on November 20, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $3.909M $23.75M
YoY Change 276.81% 98.63%
Cost Of Revenue $2.879M $22.36M
YoY Change 864.69% 113.65%
Gross Profit $1.030M $1.391M
YoY Change 39.39% -6.85%
Gross Profit Margin 26.35% 5.86%
Selling, General & Admin $5.676M $3.938M
YoY Change 22.64% 2.76%
% of Gross Profit 551.02% 283.17%
Research & Development $1.100K $16.80K
YoY Change -99.84% -97.88%
% of Gross Profit 0.11% 1.21%
Depreciation & Amortization $130.2K $100.0K
YoY Change 97.77% 55.09%
% of Gross Profit 12.64% 7.19%
Operating Expenses $5.740M $3.977M
YoY Change 6.87% -35.15%
Operating Profit -$4.710M -$2.586M
YoY Change 1.68% -44.26%
Interest Expense $440.4K $200.0K
YoY Change -4.9% -53.12%
% of Operating Profit
Other Income/Expense, Net -$9.705M $147.1K
YoY Change -1243.43% -87.81%
Pretax Income -$28.13M -$2.439M
YoY Change 398.48% -28.94%
Income Tax -$69.74K $10.74K
% Of Pretax Income
Net Earnings -$27.60M -$2.408M
YoY Change 405.2% -33.73%
Net Earnings / Revenue -706.0% -10.14%
Basic Earnings Per Share -$0.16
Diluted Earnings Per Share -$1.85 -$0.16
COMMON SHARES
Basic Shares Outstanding 14.94M shares 14.65M shares
Diluted Shares Outstanding 14.69M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $19.99M $33.70M
YoY Change -34.94% -0.69%
Cash & Equivalents $19.03M $33.40M
Short-Term Investments $959.0K $1.000M
Other Short-Term Assets $3.838M $2.900M
YoY Change -17.83% -65.6%
Inventory
Prepaid Expenses $29.69K
Receivables $5.718M $3.226M
Other Receivables $24.94M $5.888M
Total Short-Term Assets $54.49M $50.66M
YoY Change -16.23% -23.66%
LONG-TERM ASSETS
Property, Plant & Equipment $5.861M $4.627M
YoY Change 32.69% 38.09%
Goodwill $13.98M
YoY Change -11.15%
Intangibles $589.0K $475.3K
YoY Change 13.69% -27.3%
Long-Term Investments
YoY Change
Other Assets $2.212M
YoY Change
Total Long-Term Assets $6.450M $19.88M
YoY Change -67.7% -0.84%
TOTAL ASSETS
Total Short-Term Assets $54.49M $50.66M
Total Long-Term Assets $6.450M $19.88M
Total Assets $60.94M $70.54M
YoY Change -28.32% -18.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.320M $352.3K
YoY Change -7.87% 913.44%
Accrued Expenses $3.621M $2.800M
YoY Change 63.53% 81.08%
Deferred Revenue $306.3K
YoY Change
Short-Term Debt $0.00 $700.0K
YoY Change
Long-Term Debt Due $1.101M
YoY Change
Total Short-Term Liabilities $17.73M $11.52M
YoY Change -4.54% -2.14%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $797.3K $500.0K
YoY Change 4.78% -86.87%
Total Long-Term Liabilities $797.3K $513.2K
YoY Change 4.78% -86.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.73M $11.52M
Total Long-Term Liabilities $797.3K $513.2K
Total Liabilities $16.96M $12.03M
YoY Change -12.28% -22.76%
SHAREHOLDERS EQUITY
Retained Earnings -$185.9M -$158.3M
YoY Change 22.1% 7.87%
Common Stock $233.9M $14.65K
YoY Change 1596983.38% -79.97%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $43.98M $59.97M
YoY Change
Total Liabilities & Shareholders Equity $60.94M $70.54M
YoY Change -28.32% -18.37%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$27.60M -$2.408M
YoY Change 405.2% -33.73%
Depreciation, Depletion And Amortization $130.2K $100.0K
YoY Change 97.77% 55.09%
Cash From Operating Activities -$10.35M -$400.0K
YoY Change 215.97% -107.0%
INVESTING ACTIVITIES
Capital Expenditures $311.1K $400.0K
YoY Change -41.27% -5594.51%
Acquisitions
YoY Change
Other Investing Activities -$5.354M -$600.0K
YoY Change -787.52% -92.9%
Cash From Investing Activities -$5.565M -$1.000M
YoY Change -2335.09% -88.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.076M -2.900M
YoY Change -33.91%
NET CHANGE
Cash From Operating Activities -10.35M -400.0K
Cash From Investing Activities -5.565M -1.000M
Cash From Financing Activities 1.076M -2.900M
Net Change In Cash -14.84M -4.300M
YoY Change 390.24% -39.68%
FREE CASH FLOW
Cash From Operating Activities -$10.35M -$400.0K
Capital Expenditures $311.1K $400.0K
Free Cash Flow -$10.66M -$800.0K
YoY Change 180.16% -113.98%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2023-09-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-34502
dei Entity Registrant Name
EntityRegistrantName
Future FinTech Group Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
FL
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
98-0222013
dei Entity Address Address Line1
EntityAddressAddressLine1
Americas Tower
dei Entity Address Address Line2
EntityAddressAddressLine2
1177 Avenue of The Americas
dei Entity Address Address Line3
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Suite 5100
dei Entity Address City Or Town
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New York
dei Entity Address State Or Province
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NY
dei Entity Address Postal Zip Code
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dei City Area Code
CityAreaCode
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dei Local Phone Number
LocalPhoneNumber
622-1218
dei Security12b Title
Security12bTitle
Common Stock, par value $0.001 per share
dei Trading Symbol
TradingSymbol
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dei Security Exchange Name
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OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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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
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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
CY2023Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-2419483 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-5468854 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-7175033 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-12191720 usd
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-102398 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-178223 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-503903 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2378090 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-5366456 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-6996810 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-11687817 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.16
CY2022Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.25
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.42
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.57
us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTaxPerBasicShare
0.01
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.16
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.25
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.41
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.57
CY2023Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.16
CY2022Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.24
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.42
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.55
us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTaxPerDilutedShare
0.01
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.16
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.24
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.41
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.55
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14645653 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14214832 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14645653 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14214832 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14687761 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14772623 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14687761 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14772623 shares
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
75024542 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-3633897 usd
CY2022Q3 us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
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CY2022Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1834957 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
70835428 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
60930091 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-2449693 usd
CY2023Q3 us-gaap Debt Securities Unrealized Gain Loss
DebtSecuritiesUnrealizedGainLoss
-114293 usd
CY2023Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
144503 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
58510608 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
80854158 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-8668802 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
893250 usd
us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
1279740 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-3522764 usd
ftft Disposition Of Discontinued Operation
DispositionOfDiscontinuedOperation
-154 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
70835428 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
65685641 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-6340471 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-940042 usd
ftft Disposition Of Discontinued Operation
DispositionOfDiscontinuedOperation
105480 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
58510608 usd
us-gaap Profit Loss
ProfitLoss
-6234991 usd
us-gaap Profit Loss
ProfitLoss
-8668956 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
-6340471 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-8668802 usd
us-gaap Depreciation
Depreciation
223687 usd
us-gaap Depreciation
Depreciation
137187 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
42776 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
45699 usd
ftft Provision Of Doubtful Debts
ProvisionOfDoubtfulDebts
20353 usd
ftft Provision Of Doubtful Debts
ProvisionOfDoubtfulDebts
1947 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2172990 usd
ftft Impairment Of Short Term Investment
ImpairmentOfShortTermInvestment
3872 usd
ftft Impairment Of Short Term Investment
ImpairmentOfShortTermInvestment
926086 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-4571019 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-6665006 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
3258809 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
1079100 usd
us-gaap Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
-2458159 usd
us-gaap Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
5502062 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-3251326 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
34679 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
276952 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
288761 usd
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-41093 usd
ftft Increase Decreasein Advances From Customers
IncreaseDecreaseinAdvancesFromCustomers
-1170574 usd
ftft Increase Decreasein Advances From Customers
IncreaseDecreaseinAdvancesFromCustomers
3239233 usd
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-6424362 usd
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-1779469 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
0 usd
ftft Additions To Property Plant And Equipment
AdditionsToPropertyPlantAndEquipment
521239 usd
ftft Additions To Property Plant And Equipment
AdditionsToPropertyPlantAndEquipment
59298 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
32608 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
19810956 usd
ftft Repayment For Loan Receivable
RepaymentForLoanReceivable
14130632 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
13642001 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-14440605 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
63477 usd
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
249068 usd
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
452564 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
270714 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
904673 usd
us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-2893184 usd
us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
2816981 usd
ftft Proceeds From Loan Payable
ProceedsFromLoanPayable
188215 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2914830 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2113180 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-739327 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-3201964 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3668962 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-17308858 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
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33404132 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
32964659 usd
ftft Supplementarydisclosureofsignificantnoncashtransaction
SUPPLEMENTARYDISCLOSUREOFSIGNIFICANTNONCASHTRANSACTION
33404132 usd
ftft Supplementarydisclosureofsignificantnoncashtransaction
SUPPLEMENTARYDISCLOSUREOFSIGNIFICANTNONCASHTRANSACTION
32964659 usd
ftft Deferred Liabilities
DeferredLiabilities
263863 usd
us-gaap Interest Paid Net
InterestPaidNet
56610 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
67740 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
9370 usd
CY2022Q2 ftft Companies Incorporated
CompaniesIncorporated
288 usd
CY2022Q3 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
685000 eur
CY2023Q3 us-gaap Share Price
SharePrice
0.001
CY2023Q3 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
6340000 usd
ftft Operating Cash Flow
OperatingCashFlow
6420000 usd
ftft Income Loss From Continuing Operations Including Portion Attributables To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributablesToNoncontrollingInterest
-6162248 usd
ftft Net Incomeloss From Continued Operations Share
NetIncomelossFromContinuedOperationsShare
14645653 shares
ftft Net Incomeloss From Continued Operations Preshare Amount
NetIncomelossFromContinuedOperationsPreshareAmount
-0.42
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
-6162248 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
-0.42
us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
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 Shareis Calculatedbytakingnetloss Dividedbythe Diluted Weighted Average Common Shares Outstanding
DilutedLossPerShareisCalculatedbytakingnetlossDividedbytheDilutedWeightedAverageCommonSharesOutstanding
-6162248 usd
ftft Diluted Loss Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Average Shares
DilutedLossPerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAverageShares
14687761 shares
ftft Diluted Loss Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Average Per Shares
DilutedLossPerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAveragePerShares
-0.42
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
-8164899 usd
ftft Net Incomeloss From Continued Operations Share
NetIncomelossFromContinuedOperationsShare
14214832 shares
ftft Net Incomeloss From Continued Operations Preshare Amount
NetIncomelossFromContinuedOperationsPreshareAmount
-0.57
ftft Net Income Loss From Discontinued Operation Available To Common Shareholders Basics
NetIncomeLossFromDiscontinuedOperationAvailableToCommonShareholdersBasics
-154 usd
ftft Net Incomeloss From Discontinuing Operations Share
NetIncomelossFromDiscontinuingOperationsShare
14214832 shares
us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-8164899 usd
ftft Loss Available To Common Stockholders From Continuing Operations Share
LossAvailableToCommonStockholdersFromContinuingOperationsShare
14214832 shares
ftft Loss Available To Common Stockholders From Continuing Operations Preshare Amount
LossAvailableToCommonStockholdersFromContinuingOperationsPreshareAmount
-0.57
us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
-154 usd
ftft Incomeloss Available To Common Stockholders From Discontinuing Operations Share
IncomelossAvailableToCommonStockholdersFromDiscontinuingOperationsShare
14214832 shares
ftft Warrants Shares
WarrantsShares
557791 shares
ftft Diluted Loss Per Shareis Calculatedbytakingnetloss Dividedbythe Diluted Weighted Average Common Shares Outstanding
DilutedLossPerShareisCalculatedbytakingnetlossDividedbytheDilutedWeightedAverageCommonSharesOutstanding
-8164899 usd
ftft Diluted Loss Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Average Shares
DilutedLossPerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAverageShares
14772623 shares
ftft Diluted Loss Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Average Per Shares
DilutedLossPerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAveragePerShares
-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
14772623 shares
CY2023Q3 ftft Income Loss From Continuing Operations Including Portion Attributables To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributablesToNoncontrollingInterest
-2408300 usd
CY2023Q3 ftft Net Incomeloss From Continued Operations Share
NetIncomelossFromContinuedOperationsShare
14645653 shares
CY2023Q3 ftft Net Incomeloss From Continued Operations Preshare Amount
NetIncomelossFromContinuedOperationsPreshareAmount
-0.16
CY2023Q3 ftft Net Incomeloss From Discontinuing Operations Share
NetIncomelossFromDiscontinuingOperationsShare
14645653 shares
CY2023Q3 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-2408300 usd
CY2023Q3 ftft Loss Available To Common Stockholders From Continuing Operations Share
LossAvailableToCommonStockholdersFromContinuingOperationsShare
14645653 shares
CY2023Q3 ftft Loss Available To Common Stockholders From Continuing Operations Preshare Amount
LossAvailableToCommonStockholdersFromContinuingOperationsPreshareAmount
-0.16
CY2023Q3 ftft Incomeloss Available To Common Stockholders From Discontinuing Operations Share
IncomelossAvailableToCommonStockholdersFromDiscontinuingOperationsShare
14645653 shares
CY2023Q3 ftft Warrants Shares
WarrantsShares
42108 shares
CY2023Q3 ftft Diluted Loss Per Shareis Calculatedbytakingnetloss Dividedbythe Diluted Weighted Average Common Shares Outstanding
DilutedLossPerShareisCalculatedbytakingnetlossDividedbytheDilutedWeightedAverageCommonSharesOutstanding
-2408300 usd
CY2023Q3 ftft Diluted Loss Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Average Shares
DilutedLossPerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAverageShares
14687761 shares
CY2023Q3 ftft Diluted Loss Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Average Per Shares
DilutedLossPerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAveragePerShares
-0.11
CY2023Q3 ftft Diluted Income Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Averages
DilutedIncomePerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAverages
14687761 shares
CY2023Q3 ftft Diluted Income Per Share Is Calculated By Taking Net Loses Divided By The Diluted Weighted Average
DilutedIncomePerShareIsCalculatedByTakingNetLosesDividedByTheDilutedWeightedAverage
0.01
CY2022Q3 ftft Income Loss From Continuing Operations Including Portion Attributables To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributablesToNoncontrollingInterest
-3531499 usd
CY2022Q3 ftft Net Incomeloss From Continued Operations Share
NetIncomelossFromContinuedOperationsShare
14214832 shares
CY2022Q3 ftft Net Incomeloss From Continued Operations Preshare Amount
NetIncomelossFromContinuedOperationsPreshareAmount
-0.25
CY2022Q3 ftft Net Incomeloss From Discontinuing Operations Share
NetIncomelossFromDiscontinuingOperationsShare
14214832 shares
CY2022Q3 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-3531499 usd
CY2022Q3 ftft Loss Available To Common Stockholders From Continuing Operations Share
LossAvailableToCommonStockholdersFromContinuingOperationsShare
14214832 shares
CY2022Q3 ftft Loss Available To Common Stockholders From Continuing Operations Preshare Amount
LossAvailableToCommonStockholdersFromContinuingOperationsPreshareAmount
-0.25
CY2022Q3 ftft Incomeloss Available To Common Stockholders From Discontinuing Operations Share
IncomelossAvailableToCommonStockholdersFromDiscontinuingOperationsShare
14214832 shares
CY2022Q3 ftft Warrants Shares
WarrantsShares
557791 shares
CY2022Q3 ftft Diluted Loss Per Shareis Calculatedbytakingnetloss Dividedbythe Diluted Weighted Average Common Shares Outstanding
DilutedLossPerShareisCalculatedbytakingnetlossDividedbytheDilutedWeightedAverageCommonSharesOutstanding
-3531499 usd
CY2022Q3 ftft Diluted Loss Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Average Shares
DilutedLossPerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAverageShares
14772623 shares
CY2022Q3 ftft Diluted Loss Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Average Per Shares
DilutedLossPerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAveragePerShares
-0.24
CY2022Q3 ftft Diluted Income Per Share Is Calculated By Taking Net Loss Divided By The Diluted Weighted Averages
DilutedIncomePerShareIsCalculatedByTakingNetLossDividedByTheDilutedWeightedAverages
14772623 shares
ftft Government Subsidies Recognized
GovernmentSubsidiesRecognized
500000 cny
ftft Government Subsidies Recognized
GovernmentSubsidiesRecognized
0 hkd
ftft Government Subsidies Recognized
GovernmentSubsidiesRecognized
18000 gbp
ftft Government Subsidies Recognized
GovernmentSubsidiesRecognized
0 usd
ftft Increase In Bad Debt Expense
IncreaseInBadDebtExpense
-1152798 usd
ftft Increase In Bad Debt Expense
IncreaseInBadDebtExpense
1947 usd
us-gaap Deferred Revenue Additions
DeferredRevenueAdditions
20270000 usd
us-gaap Deferred Revenue Additions
DeferredRevenueAdditions
11490000 usd
us-gaap Deferred Income Revenue Recognized
DeferredIncomeRevenueRecognized
200000 usd
ftft Foreign Currency And Other Comprehensive Income Loss
ForeignCurrencyAndOtherComprehensiveIncomeLoss
The exchange rate we used to convert RMB to USD was 7.18:1 and 6.96:1 at the balance sheet dates of September 30, 2023 and December 31, 2022, respectively. The average exchange rate for the period has been used to translate revenues and expenses. The average exchange rates we used to convert RMB to USD were 7.01:1 and 6.61:1 for nine months ended September 30, 2023 and 2022, respectively.The exchange rate we used to convert HKD to USD was 7.82:1 and 7.80:1 at the balance sheet dates of September 30, 2023 and December 31, 2022. The average exchange rate for the period has been used to translate revenues and expenses. The average exchange rates we used to convert HKD to USD were 7.83:1 and 7.83:1 for nine months ended September 30, 2023 and 2022, respectively.The exchange rate we used to convert GBP to USD was 0.82:1 and 0.83:1 at the balance sheet dates of September 30, 2023 and December 31, 2022. The average exchange rate for the period has been used to translate revenues and expenses. The average exchange rates we used to convert GBP to USD were 0.80:1 and 0.80:1 for nine months ended September 30, 2023 and 2022, respectively. The exchange rate we used to convert AED to USD was 3.66:1 and 3.67:1 at the balance sheet dates of September 30, 2023 and December 31, 2022. The average exchange rate for the period has been used to translate revenues and expenses. The average exchange rates we used to convert AED to USD were 3.66:1 and 3.67:1 for nine months ended September 30 2023 and 2022, respectively.The exchange rate we used to convert PYG to USD was 7289.83:1 and 7322.90:1 at the balance sheet dates of September 30, 2023 and December 31, 2022. The average exchange rate for the period has been used to translate revenues and expenses. The average exchange rate we used to convert PYG to USD was 7250.00:1 and 6903.82:1 for nine months ended September 30 2023 and 2022.
CY2023Q3 us-gaap Other Short Term Investments
OtherShortTermInvestments
950000 usd
CY2022Q4 us-gaap Other Short Term Investments
OtherShortTermInvestments
990000 usd
CY2023Q3 ftft Unrealized Holding Gains On Available For Sale Securities
UnrealizedHoldingGainsOnAvailableForSaleSecurities
3872 usd
CY2022Q4 ftft Unrealized Holding Gains On Available For Sale Securities
UnrealizedHoldingGainsOnAvailableForSaleSecurities
930000 usd
ftft Settlement Agreement Terms
SettlementAgreementTerms
P10Y
ftft Transfer Price
TransferPrice
0 usd
CY2022Q4 ftft Total Accounts Receivables Net
TotalAccountsReceivablesNet
7796672 usd
ftft Total Accounts Receivable Net
TotalAccountsReceivableNet
0.8112 pure
CY2022 ftft Total Accounts Receivable Net
TotalAccountsReceivableNet
0.7599 pure
CY2023Q3 ftft Coal And Aluminum Ingots Supply Chain Financing Trading
CoalAndAluminumIngotsSupplyChainFinancingTrading
1816911 usd
CY2022Q4 ftft Coal And Aluminum Ingots Supply Chain Financing Trading
CoalAndAluminumIngotsSupplyChainFinancingTrading
6624654 usd
CY2023Q3 ftft Asset Management Service
AssetManagementService
1400416 usd
CY2022Q4 ftft Asset Management Service
AssetManagementService
1145518 usd
CY2023Q3 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
8326 usd
CY2022Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
26500 usd
CY2023Q3 ftft Total Accounts Receivables Net
TotalAccountsReceivablesNet
3225653 usd
CY2022Q3 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
50000000 cny
CY2023Q3 us-gaap Other Receivables
OtherReceivables
5890000 usd
CY2023Q3 us-gaap Deposits
Deposits
1860000 usd
CY2023Q1 us-gaap Deposits
Deposits
2400000 usd
CY2023Q3 us-gaap Deposit Assets
DepositAssets
1460000 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
CY2023Q3 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
4920000 usd
CY2022Q1 ftft Annual Interest Rate
AnnualInterestRate
0.10 pure
CY2024Q3 ftft Annual Interest Rate
AnnualInterestRate
0.10 pure
CY2022Q2 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
6360000 usd
CY2023Q1 ftft Annual Interest Rate
AnnualInterestRate
0.10 pure
CY2023Q2 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
400000 usd
CY2022Q3 ftft Annual Interest Rate
AnnualInterestRate
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
CY2021Q3 ftft Annual Interest Rate
AnnualInterestRate
0.0525 pure
CY2023Q3 ftft Annual Interest Rate
AnnualInterestRate
0.0525 pure
CY2023Q1 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
220000 usd
CY2022Q1 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
5000000 usd
CY2022Q2 ftft Annual Interest Rate
AnnualInterestRate
0.10 pure
CY2022Q2 ftft Annual Interest Rate
AnnualInterestRate
0.10 pure
CY2022Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
400000 usd
CY2022Q4 ftft Annual Interest Rate
AnnualInterestRate
0.10 pure
CY2022Q3 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
7280000 usd
CY2022Q3 ftft Annual Interest Rate
AnnualInterestRate
0.08 pure
CY2023Q3 ftft Annual Interest Rate
AnnualInterestRate
0.08 pure
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
2180000 usd
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
15000000 cny
us-gaap Interest Income Short Term Investment Other
InterestIncomeShortTermInvestmentOther
950000 usd
CY2023Q3 us-gaap Other Investments
OtherInvestments
3872 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 Other Investments
OtherInvestments
910000 usd
CY2023Q3 us-gaap Other Inventory Supplies
OtherInventorySupplies
54405 usd
CY2022Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
3766643 usd
CY2023Q3 ftft Prepayments For Sand And Steel Supply Chain Financing Trading
PrepaymentsForSandAndSteelSupplyChainFinancingTrading
1485999 usd
CY2023Q3 us-gaap Supplies
Supplies
92499 usd
CY2022Q4 us-gaap Supplies
Supplies
72544 usd
CY2023Q3 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
579202 usd
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
831077 usd
CY2023Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2212105 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
4670264 usd
CY2023Q3 us-gaap Goodwill
Goodwill
13980000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
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 us-gaap Stock Issued During Period Shares Reverse Stock Splits
StockIssuedDuringPeriodSharesReverseStockSplits
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
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
CY2022 us-gaap Shares Acquired Weighted Average Discount To Net Assets Percentage
SharesAcquiredWeightedAverageDiscountToNetAssetsPercentage
0.20 pure
CY2023Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
1407902 usd
CY2023Q3 ftft Other Receivable
OtherReceivable
27701 usd
CY2023Q3 ftft Other Current Assets
OtherCurrentAssets
7039 usd
CY2023Q3 ftft Property Plant Equipment Net
PropertyPlantEquipmentNet
53577 usd
CY2023Q3 ftft Due From Related Party Noncurrent
DueFromRelatedPartyNoncurrent
38323 usd
CY2023Q3 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
498515 usd
CY2023Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
1036027 usd
CY2023Q3 ftft Less Noncontrolling Interests
LessNoncontrollingInterests
131165 usd
CY2023Q3 us-gaap Goodwill Gross
GoodwillGross
17164598 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
275624 usd
CY2023Q3 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
us-gaap Operating Lease Cost
OperatingLeaseCost
800000 usd
ftft Lessee Operating Lease Remaining Lease Term1
LesseeOperatingLeaseRemainingLeaseTerm1
P42M
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y6M
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0475 pure
CY2023Q3 ftft Operating Leases Future Minimum Payment Due Current
OperatingLeasesFutureMinimumPaymentDueCurrent
358374 usd
CY2023Q3 ftft Operating Leases Future Minimum Payments Due In Two Year
OperatingLeasesFutureMinimumPaymentsDueInTwoYear
204000 usd
CY2023Q3 ftft Operating Leases Future Minimum Payments Due In T Hree Year
OperatingLeasesFutureMinimumPaymentsDueInTHreeYear
204000 usd
CY2023Q3 ftft Operating Leases Future Minimum Payment Due In Four Years
OperatingLeasesFutureMinimumPaymentDueInFourYears
102000 usd
CY2023Q3 ftft Operating Leases Future Minimum Payment Due
OperatingLeasesFutureMinimumPaymentDue
868374 usd
CY2023Q3 ftft Capital Lease Future Minimum Payments Interest Included In Payments
CapitalLeaseFutureMinimumPaymentsInterestIncludedInPayments
65394 usd
CY2023Q3 ftft Capital Lease Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeaseFutureMinimumPaymentsPresentValueOfNetMinimumPayments
802980 usd
CY2023Q3 ftft Operating Leases Liability Current
OperatingLeasesLiabilityCurrent
289781 usd
CY2023Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
513199 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
170000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
199151 usd
CY2023Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
1806554 usd
CY2022Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
1862289 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
475293 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
518069 usd
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
42776 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1432323 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1327762 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
491077 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
277094 usd
CY2023Q3 us-gaap Construction In Progress Gross
ConstructionInProgressGross
3691710 usd
CY2022Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
3372301 usd
CY2023Q3 ftft Impairment Loss
ImpairmentLoss
-5518 usd
CY2022Q4 ftft Impairment Loss
ImpairmentLoss
-5688 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4627438 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4417281 usd
us-gaap Depreciation
Depreciation
223687 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
137187 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2519383 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2579509 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
237536 usd
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
45699 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
57035 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
57035 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
57035 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
57035 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
57035 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
190118 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
475293 usd
CY2023Q3 ftft Investments In And Advances To Affiliate Balance Principal Amount
InvestmentsInAndAdvancesToAffiliateBalancePrincipalAmount
696398 usd
CY2023Q3 us-gaap Derivative Average Swaption Interest Rate
DerivativeAverageSwaptionInterestRate
0.0005 pure
ftft Payments For Coal And Aluminum Ingots Supply Chain Financing Trading
PaymentsForCoalAndAluminumIngotsSupplyChainFinancingTrading
334153 usd
CY2022 ftft Payments For Coal And Aluminum Ingots Supply Chain Financing Trading
PaymentsForCoalAndAluminumIngotsSupplyChainFinancingTrading
3584920 usd
CY2023Q3 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
18098 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
18657 usd
CY2023Q3 us-gaap Other Assets
OtherAssets
352251 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
3603577 usd
CY2023Q3 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
64511 usd
CY2022Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
533048 usd

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