$FVTI
Fortune Valley Treasures, Inc. Stock $fvti

$fvti Overview Financials Valuation SEC Filings Company Website

2022 Q3 Form 10-Q Financial Statement

#000149315222022338 Filed on August 12, 2022

Income Statement

Concept	2022 Q3	2022 Q2	2022 Q1
Revenue	$2.915M	$2.336M	$1.262M
YoY Change	45.37%	28.0%	-23.26%
Cost Of Revenue	$1.401M	$1.100M	$518.5K
YoY Change	59.98%	37.87%	-28.95%
Gross Profit	$1.515M	$1.237M	$743.4K
YoY Change	34.05%	20.35%	-18.71%
Gross Profit Margin	51.96%	52.94%	58.91%
Selling, General & Admin	$487.6K	$363.6K	$533.0K
YoY Change	-5.87%	-22.55%	5.71%
% of Gross Profit	32.19%	29.39%	71.7%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$215.3K	$209.0K	$224.4K
YoY Change	1.62%	-6.98%	11.36%
% of Gross Profit	14.21%	16.9%	30.19%
Operating Expenses	$487.6K	$363.6K	$545.4K
YoY Change	-6.56%	-22.55%	7.13%
Operating Profit	$1.027M	$873.4K	$197.9K
YoY Change	68.92%	56.42%	-51.17%
Interest Expense	$10.39K	$4.864K	-$5.750K
YoY Change	-351.53%	-18.03%	70.12%
% of Operating Profit	1.01%	0.56%	-2.91%
Other Income/Expense, Net	-$8.053K	-$2.853K	$6.210K
YoY Change	-448.61%	-45.09%	20600.0%
Pretax Income	$1.019M	$870.5K	$198.4K
YoY Change	68.09%	57.37%	-50.65%
Income Tax	$108.4K	$81.51K	$22.41K
% Of Pretax Income	10.63%	9.36%	11.3%
Net Earnings	$855.8K	$747.7K	$176.0K
YoY Change	119.44%	80.4%	-47.56%
Net Earnings / Revenue	29.36%	32.0%	13.94%
Basic Earnings Per Share	$0.05	$0.05	$0.01
Diluted Earnings Per Share	$54.67K	$47.76K	$9.497K
COMMON SHARES
Basic Shares Outstanding	15.66M shares	15.66M shares	15.66M shares
Diluted Shares Outstanding	15.66M shares	15.66M shares

Balance Sheet

Concept	2022 Q3	2022 Q2	2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$239.4K	$85.33K	$150.6K
YoY Change	59.42%	-79.7%	-84.38%
Cash & Equivalents	$239.4K	$85.33K	$150.6K
Short-Term Investments
Other Short-Term Assets	$22.68K	$8.845K	$2.629M
YoY Change	-99.04%	-99.66%	24.61%
Inventory	$147.1K	$139.5K	$148.0K
Prepaid Expenses
Receivables	$3.651M	$2.705M	$1.882M
Other Receivables	$0.00	$0.00	$26.26K
Total Short-Term Assets	$6.545M	$5.367M	$4.836M
YoY Change	33.93%	23.28%	7.99%
LONG-TERM ASSETS
Property, Plant & Equipment	$110.0K	$118.1K	$564.1K
YoY Change	-83.09%	-80.14%	95.69%
Goodwill	$1.256M	$1.334M
YoY Change
Intangibles	$1.475M	$1.768M
YoY Change
Long-Term Investments
YoY Change
Other Assets	$2.316M	$2.751M	$2.639M
YoY Change	22.98%	64.06%	168.51%
Total Long-Term Assets	$5.551M	$6.348M	$6.687M
YoY Change	-12.78%	0.67%	21.69%
TOTAL ASSETS
Total Short-Term Assets	$6.545M	$5.367M	$4.836M
Total Long-Term Assets	$5.551M	$6.348M	$6.687M
Total Assets	$12.10M	$11.71M	$11.52M
YoY Change	7.51%	9.9%	15.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$155.0K	$191.0K	$324.4K
YoY Change	-65.0%	-38.84%	45.17%
Accrued Expenses	$131.4K	$138.6K	$142.2K
YoY Change	-17.84%	-2.46%	66.84%
Deferred Revenue	$176.2K	$256.0K
YoY Change
Short-Term Debt	$413.2K	$208.0K	$95.82K
YoY Change
Long-Term Debt Due	$413.2K	$208.0K
YoY Change
Total Short-Term Liabilities	$1.719M	$1.453M	$1.405M
YoY Change	-18.47%	-27.11%	-31.15%
LONG-TERM LIABILITIES
Long-Term Debt	$89.42K	$173.4K	$177.4K
YoY Change	-60.12%	-14.03%	-17.58%
Other Long-Term Liabilities	$259.4K	$251.0K	$289.6K
YoY Change	-23.67%	-30.04%	84.58%
Total Long-Term Liabilities	$89.42K	$173.4K	$466.9K
YoY Change	-84.15%	-69.06%	25.5%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.719M	$1.453M	$1.405M
Total Long-Term Liabilities	$89.42K	$173.4K	$466.9K
Total Liabilities	$2.068M	$1.877M	$2.306M
YoY Change	-31.36%	-33.66%	-12.61%
SHAREHOLDERS EQUITY
Retained Earnings	-$809.5K	-$1.665M
YoY Change
Common Stock	$11.08M	$11.08M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$9.588M	$9.408M	$9.217M
YoY Change
Total Liabilities & Shareholders Equity	$12.10M	$11.71M	$11.52M
YoY Change	7.51%	9.9%	15.54%

Cashflow Statement

Concept	2022 Q3	2022 Q2	2022 Q1
OPERATING ACTIVITIES
Net Income	$855.8K	$747.7K	$176.0K
YoY Change	119.44%	80.4%	-47.56%
Depreciation, Depletion And Amortization	$215.3K	$209.0K	$224.4K
YoY Change	1.62%	-6.98%	11.36%
Cash From Operating Activities	$31.00K	-$116.0K	$133.4K
YoY Change	-236.38%	-35.8%	-126.23%
INVESTING ACTIVITIES
Capital Expenditures	$0.00	$0.00	$0.00
YoY Change	-100.0%	-100.0%	-100.0%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00	$0.00
YoY Change	-100.0%	-100.0%	-100.0%
Cash From Investing Activities	$0.00	$0.00
YoY Change	-100.0%	-100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	157.5K	46.10K	-95.64K
YoY Change	-320.92%	-138.16%	-123.65%
NET CHANGE
Cash From Operating Activities	31.00K	-116.0K	133.4K
Cash From Investing Activities	0.000	0.000
Cash From Financing Activities	157.5K	46.10K	-95.64K
Net Change In Cash	188.5K	-69.90K	$0.00
YoY Change	-160.28%	-86.78%	-100.0%
FREE CASH FLOW
Cash From Operating Activities	$31.00K	-$116.0K	$133.4K
Capital Expenditures	$0.00	$0.00	$0.00
Free Cash Flow	$31.00K	-$116.0K	$133.4K
YoY Change	-21.06%	-5.84%	-127.49%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Entity Central Index Key EntityCentralIndexKey	0001626745
	dei	Amendment Flag AmendmentFlag	false
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
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	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties		usd
	FVTI	Repayment Of Advance To Related Parties RepaymentOfAdvanceToRelatedParties		usd
	FVTI	Payment Advance To Related Parties PaymentAdvanceToRelatedParties		usd
	FVTI	Purchase Of Property And Equipment PurchaseOfPropertyAndEquipment		usd
	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets		usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities		usd
	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt		usd
	FVTI	Proceeds From Bank Loan ProceedsFromBankLoan		usd
	FVTI	Proceeds From Third Party ProceedsFromThirdParty		usd
	FVTI	Repayments Of Bank Loan RepaymentsOfBankLoan		usd
	FVTI	Repayments To Third Party RepaymentsToThirdParty		usd
	FVTI	Remeasurement Of Operating Lease Obligation And Rightofuse Assets Due To Lease Termination RemeasurementOfOperatingLeaseObligationAndRightofuseAssetsDueToLeaseTermination		usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability		usd
CY2022Q2	us-gaap	Due From Related Parties Current DueFromRelatedPartiesCurrent		usd
CY2022Q2	FVTI	Long Term Debt Maturities Repayments Of Principal After Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearTwo		usd
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2022-06-30
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Shell Company EntityShellCompany	false
	dei	Entity File Number EntityFileNumber	001-38308
	dei	Entity Registrant Name EntityRegistrantName	Fortune Valley Treasures, Inc.
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	NV
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	32-0439333
	dei	Entity Address Address Line1 EntityAddressAddressLine1	B1601 Donogfang
	dei	Entity Address Address Line2 EntityAddressAddressLine2	Yinxiang Building
	dei	Entity Address Address Line3 EntityAddressAddressLine3	No. 139 Liansheng Road, Humen Town
	dei	Entity Address City Or Town EntityAddressCityOrTown	Dongguan, Guangdong,
	dei	Entity Address Country EntityAddressCountry	CN
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	523000
	dei	City Area Code CityAreaCode	86
	dei	Local Phone Number LocalPhoneNumber	769-85729133
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2022Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	15655038	shares
CY2022Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	85326	usd
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	123163	usd
CY2022Q2	us-gaap	Accounts Receivable Related Parties AccountsReceivableRelatedParties	53571	usd
CY2021Q4	us-gaap	Accounts Receivable Related Parties AccountsReceivableRelatedParties	43477	usd
CY2022Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	2704902	usd
CY2021Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	2662168	usd
CY2022Q2	us-gaap	Inventory Net InventoryNet	139533	usd
CY2021Q4	us-gaap	Inventory Net InventoryNet	81073	usd
CY2022Q2	FVTI	Prepaid Assets Related Parties PrepaidAssetsRelatedParties	2059668	usd
CY2021Q4	FVTI	Prepaid Assets Related Parties PrepaidAssetsRelatedParties	1813904	usd
CY2022Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	2437318	usd
CY2021Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	2176713	usd
CY2021Q4	us-gaap	Due From Related Parties Current DueFromRelatedPartiesCurrent	26364	usd
CY2022Q2	us-gaap	Assets Current AssetsCurrent	5367079	usd
CY2021Q4	us-gaap	Assets Current AssetsCurrent	5069481	usd
CY2022Q2	us-gaap	Related Party Deposit Liabilities RelatedPartyDepositLiabilities	1807382	usd
CY2021Q4	us-gaap	Related Party Deposit Liabilities RelatedPartyDepositLiabilities	1596075	usd
CY2022Q2	us-gaap	Deposits Assets Noncurrent DepositsAssetsNoncurrent	2751174	usd
CY2021Q4	us-gaap	Deposits Assets Noncurrent DepositsAssetsNoncurrent	2306160	usd
CY2022Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	118063	usd
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	140394	usd
CY2022Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	291748	usd
CY2021Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	385896	usd
CY2022Q2	FVTI	Operating Lease Rightofuse Assets To Related Parties OperatingLeaseRightofuseAssetsToRelatedParties	85150	usd
CY2021Q4	FVTI	Operating Lease Rightofuse Assets To Related Parties OperatingLeaseRightofuseAssetsToRelatedParties	98626	usd
CY2022Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	1767737	usd
CY2021Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	2281790	usd
CY2022Q2	us-gaap	Goodwill Goodwill	1334005	usd
CY2021Q4	us-gaap	Goodwill Goodwill	1406289	usd
CY2022Q2	us-gaap	Assets Assets	11714956	usd
CY2021Q4	us-gaap	Assets Assets	11688636	usd
CY2022Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	102736	usd
CY2021Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	133586	usd
CY2022Q2	FVTI	Operating Lease Obligations To Related Parties Current OperatingLeaseObligationsToRelatedPartiesCurrent	21777	usd
CY2021Q4	FVTI	Operating Lease Obligations To Related Parties Current OperatingLeaseObligationsToRelatedPartiesCurrent	22666	usd
CY2022Q2	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	26508	usd
CY2021Q4	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	17789	usd
CY2022Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	191000	usd
CY2021Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	239492	usd
CY2022Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	138589	usd
CY2021Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	128343	usd
CY2022Q2	us-gaap	Short Term Borrowings ShortTermBorrowings	208012	usd
CY2021Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	101207	usd
CY2022Q2	FVTI	Income Taxes Payable Current IncomeTaxesPayableCurrent	43101	usd
CY2021Q4	FVTI	Income Taxes Payable Current IncomeTaxesPayableCurrent	25726	usd
CY2022Q2	FVTI	Customer Advances CustomerAdvances	255980	usd
CY2021Q4	FVTI	Customer Advances CustomerAdvances	382518	usd
CY2022Q2	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	491621	usd
CY2021Q4	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	683981	usd
CY2022Q2	us-gaap	Liabilities Current LiabilitiesCurrent	1452816	usd
CY2021Q4	us-gaap	Liabilities Current LiabilitiesCurrent	1717519	usd
CY2022Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	185806	usd
CY2021Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	240611	usd
CY2022Q2	FVTI	Operating Lease Obligations To Related Parties Noncurrent OperatingLeaseObligationsToRelatedPartiesNoncurrent	65209	usd
CY2021Q4	FVTI	Operating Lease Obligations To Related Parties Noncurrent OperatingLeaseObligationsToRelatedPartiesNoncurrent	77934	usd
CY2022Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	173430	usd
CY2021Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	188218	usd
CY2022Q2	us-gaap	Liabilities Liabilities	1877261	usd
CY2021Q4	us-gaap	Liabilities Liabilities	2224282	usd
CY2022Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	150000000	shares
CY2021Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	150000000	shares
CY2022Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	15655038	shares
CY2022Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	15655038	shares
CY2021Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	15655038	shares
CY2021Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	15655038	shares
CY2022Q2	us-gaap	Common Stock Value CommonStockValue	15655	usd
CY2021Q4	us-gaap	Common Stock Value CommonStockValue	15655	usd
CY2022Q2	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	11061233	usd
CY2021Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	11061233	usd
CY2022Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-1665272	usd
CY2021Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-2561681	usd
CY2022Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-3489	usd
CY2021Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	544305	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	9408127	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	9059512	usd
CY2022Q2	us-gaap	Minority Interest MinorityInterest	429568	usd
CY2021Q4	us-gaap	Minority Interest MinorityInterest	404842	usd
	us-gaap	Cost Of Revenue CostOfRevenue	1617985	usd
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	9464354	usd
CY2022Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	11714956	usd
	us-gaap	Cost Of Revenue CostOfRevenue	1527267	usd
CY2022Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	9837695	usd
CY2022Q2	us-gaap	Gross Profit GrossProfit	1236936	usd
CY2021Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	11688636	usd
CY2022Q2	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	40770	usd
CY2021Q2	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	119706	usd
	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	41495	usd
	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	388684	usd
CY2022Q2	us-gaap	Related Parties Amount In Cost Of Sales RelatedPartiesAmountInCostOfSales	249468	usd
CY2021Q2	us-gaap	Related Parties Amount In Cost Of Sales RelatedPartiesAmountInCostOfSales	139743	usd
	us-gaap	Related Parties Amount In Cost Of Sales RelatedPartiesAmountInCostOfSales	386380	usd
	us-gaap	Related Parties Amount In Cost Of Sales RelatedPartiesAmountInCostOfSales	270343	usd
CY2022Q2	us-gaap	Cost Of Revenue CostOfRevenue	1099523	usd
CY2021Q2	us-gaap	Cost Of Revenue CostOfRevenue	797524	usd
CY2021Q2	us-gaap	Gross Profit GrossProfit	1027820	usd
	us-gaap	Gross Profit GrossProfit	1980284	usd
	us-gaap	Gross Profit GrossProfit	1942237	usd
CY2022Q2	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	15929	usd
CY2021Q2	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	19604	usd
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	34084	usd
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	47158	usd
CY2022Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	347657	usd
CY2021Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	449872	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	874943	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	931449	usd
CY2022Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	873350	usd
CY2021Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	558344	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	1071257	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	963630	usd
CY2022Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1995	usd
CY2021Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	255	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	8202	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	286	usd
CY2022Q2	us-gaap	Interest Income Other InterestIncomeOther	16	usd
CY2021Q2	us-gaap	Interest Income Other InterestIncomeOther	483	usd
	us-gaap	Interest Income Other InterestIncomeOther	93	usd
	us-gaap	Interest Income Other InterestIncomeOther	648	usd
CY2022Q2	us-gaap	Interest Expense InterestExpense	4864	usd
CY2021Q2	us-gaap	Interest Expense InterestExpense	5934	usd
	us-gaap	Interest Expense InterestExpense	10689	usd
	us-gaap	Interest Expense InterestExpense	9487	usd
CY2022Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-2853	usd
CY2021Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-5196	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-2394	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-8553	usd
CY2022Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	870497	usd
CY2021Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	553148	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1068863	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	955077	usd
CY2022Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	81514	usd
CY2021Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	96267	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	103921	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	162622	usd
CY2022Q2	us-gaap	Profit Loss ProfitLoss	788983	usd
CY2021Q2	us-gaap	Profit Loss ProfitLoss	456881	usd
	us-gaap	Profit Loss ProfitLoss	964942	usd
	us-gaap	Profit Loss ProfitLoss	792455	usd
CY2022Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	41250	usd
CY2021Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	42406	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	68533	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	72726	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	747733	usd
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	414475	usd
	us-gaap	Net Income Loss NetIncomeLoss	896409	usd
	us-gaap	Net Income Loss NetIncomeLoss	719729	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-602321	usd
CY2021Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	88041	usd
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-591601	usd
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	81371	usd
CY2022Q2	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	186662	usd
CY2021Q2	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	544922	usd
	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	373341	usd
	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	873826	usd
CY2022Q2	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	-4305	usd
CY2021Q2	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	50477	usd
	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	24726	usd
	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	80194	usd
CY2022Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	190967	usd
CY2021Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	494445	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	348615	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	793632	usd
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.05
CY2021Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.03
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.06
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	15655038	shares
CY2021Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	15655038	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	15655038	shares
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	9464354	usd
CY2022Q1	us-gaap	Profit Loss ProfitLoss	175959	usd
CY2022Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	10720	usd
CY2022Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	9651033	usd
CY2022Q2	us-gaap	Profit Loss ProfitLoss	788983	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-602321	usd
CY2022Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	9837695	usd
CY2020Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	7231651	usd
CY2021Q1	us-gaap	Profit Loss ProfitLoss	335574	usd
CY2021Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-6670	usd
CY2021Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	7560555	usd
CY2021Q2	us-gaap	Profit Loss ProfitLoss	456881	usd
CY2021Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	88041	usd
CY2021Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	8105477	usd
	us-gaap	Profit Loss ProfitLoss	964942	usd
	us-gaap	Profit Loss ProfitLoss	792455	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	433417	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	426224	usd
	FVTI	Noncash Lease Expense NoncashLeaseExpense	85628	usd
	FVTI	Noncash Lease Expense NoncashLeaseExpense	51831	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	185856	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-1302508	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	64826	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-9751	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	385553	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	2185049	usd
	us-gaap	Increase Decrease In Due From Related Parties IncreaseDecreaseInDueFromRelatedParties	-25887	usd
	us-gaap	Increase Decrease In Deposit Other Assets IncreaseDecreaseInDepositOtherAssets	583325	usd
	us-gaap	Increase Decrease In Deposit Other Assets IncreaseDecreaseInDepositOtherAssets	995723	usd
	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	-37455	usd
	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	-50152	usd
	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	-122702	usd
	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-110633	usd
	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	109032	usd
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	56060	usd
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	121960	usd
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	19354	usd
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-210758	usd
	FVTI	Operating Lease Obligations OperatingLeaseObligations	77497	usd
	FVTI	Operating Lease Obligations OperatingLeaseObligations	61546	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	17441	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-689467	usd
	FVTI	Repayment Of Advance To Related Parties RepaymentOfAdvanceToRelatedParties	3539350	usd
	FVTI	Payment Advance To Related Parties PaymentAdvanceToRelatedParties	2876774	usd
	FVTI	Purchase Of Property And Equipment PurchaseOfPropertyAndEquipment	57442	usd
	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	23486	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	581648	usd
	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	1836071	usd
	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	148606	usd
	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	-22925	usd
	FVTI	Proceeds From Bank Loan ProceedsFromBankLoan	10352	usd
	FVTI	Proceeds From Third Party ProceedsFromThirdParty	24154	usd
	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	154510	usd
	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	1529556	usd
	FVTI	Repayments Of Bank Loan RepaymentsOfBankLoan	11763	usd
	FVTI	Repayments To Third Party RepaymentsToThirdParty	66379	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-49540	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	283590	usd
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	-5738	usd
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	-5208	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-37837	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	170563	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	123163	usd
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	249837	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	85326	usd
CY2021Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	420400	usd
	us-gaap	Interest Paid Net InterestPaidNet	10191	usd
	us-gaap	Interest Paid Net InterestPaidNet	9487	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	86546	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	446755	usd
	FVTI	Expense Paid By Related Parties On Behalf Of Company ExpensePaidByRelatedPartiesOnBehalfOfCompany	38627	usd
	FVTI	Expense Paid By Related Parties On Behalf Of Company ExpensePaidByRelatedPartiesOnBehalfOfCompany	293862	usd
	FVTI	Remeasurement Of Operating Lease Obligation And Rightofuse Assets Due To Lease Termination RemeasurementOfOperatingLeaseObligationAndRightofuseAssetsDueToLeaseTermination	40885	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	281058	usd
	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_842_eus-gaap--UseOfEstimates_z2t8CloVgtej" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_865_zJ0GW2eKImW9">Use of estimates</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant accounting estimates include certain assumptions related to going concern, allowance of doubtful accounts, allowance of deferred tax asset, useful lives and impairment of long-lived assets, and impairment of goodwill. Actual results may differ from these estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2021Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	382518	usd
	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<p id="xdx_845_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zZzkTO5hQQ4g" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_867_zonDnV58rjFi">Reclassification</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain prior year amounts have been reclassified to conform to the current period presentation. These reclassifications had no impact on net earnings and financial position.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0	usd
	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0	usd
CY2022Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2336459	usd
CY2021Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1825344	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	3598269	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	3469504	usd
CY2022Q2	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	255980	usd
	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	314780	usd
CY2022Q2	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	2059668	usd
CY2021Q4	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	1813904	usd
CY2022Q2	FVTI	Prepaid Expense Related Parties Current PrepaidExpenseRelatedPartiesCurrent	2428473	usd
CY2021Q4	FVTI	Prepaid Expense Related Parties Current PrepaidExpenseRelatedPartiesCurrent	2169095	usd
CY2022Q2	us-gaap	Other Assets Current OtherAssetsCurrent	8845	usd
CY2021Q4	us-gaap	Other Assets Current OtherAssetsCurrent	7618	usd
CY2022Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	2437318	usd
CY2021Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	2176713	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	809371	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	541439	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	5574	usd
CY2022Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	241252	usd
CY2021Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	240381	usd
CY2022Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	123189	usd
CY2021Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	99987	usd
CY2022Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	118063	usd
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	140394	usd
	us-gaap	Depreciation Depreciation	15647	usd
CY2021	us-gaap	Depreciation Depreciation	10194	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	3243060	usd
CY2021Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	3411703	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	1475323	usd
CY2021Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	1129913	usd
CY2022Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	1767737	usd
CY2021Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	2281790	usd
	us-gaap	Adjustment For Amortization AdjustmentForAmortization	417770	usd
	us-gaap	Adjustment For Amortization AdjustmentForAmortization	416030	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	5574	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	404686	usd
CY2022Q2	FVTI	Finite Lived Intangible Assets Amortization Expense After Year Four FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour	1093	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	1767737	usd
CY2021Q4	us-gaap	Due From Related Parties Current DueFromRelatedPartiesCurrent	26364	usd
CY2022Q2	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	491621	usd
CY2021Q4	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	683981	usd
	us-gaap	Revenues Revenues	41495	usd
	us-gaap	Revenues Revenues	388684	usd
	FVTI	Cost Of Revenues From Related Parties CostOfRevenuesFromRelatedParties	386380	usd
	FVTI	Cost Of Revenues From Related Parties CostOfRevenuesFromRelatedParties	270343	usd
	us-gaap	Related Party Transaction Purchases From Related Party RelatedPartyTransactionPurchasesFromRelatedParty	349387	usd
	us-gaap	Related Party Transaction Purchases From Related Party RelatedPartyTransactionPurchasesFromRelatedParty	266521	usd
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21	pure
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.25	pure
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	103921	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	162622	usd
	us-gaap	Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential	0.097	pure
	us-gaap	Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential	0.170	pure
	us-gaap	Lessee Operating Lease Description LesseeOperatingLeaseDescription	the Company has seventeen separate operating lease agreements for three office spaces, one warehouse and thirteen stores in PRC with remaining lease terms of from 3 months to 58 months.
	us-gaap	Operating Lease Cost OperatingLeaseCost	85356	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	65973	usd
	us-gaap	Operating Lease Payments OperatingLeasePayments	78215	usd
	us-gaap	Operating Lease Payments OperatingLeasePayments	72024	usd
CY2022Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P3Y6M18D
CY2021Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P4Y3M3D
CY2022Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0323	pure
CY2021Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0323	pure
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	74148	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	111468	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	82081	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	78242	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	44039	usd
CY2022Q2	FVTI	Lessee Operating Lease Liability Payments Due After Year Four LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour	5971	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	395949	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	20421	usd
CY2022Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	375528	usd
CY2022Q2	us-gaap	Long Term Debt LongTermDebt	381442	usd
CY2021Q4	us-gaap	Long Term Debt LongTermDebt	289425	usd
CY2022Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	208012	usd
CY2021Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	101207	usd
CY2022Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	173430	usd
CY2021Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	188218	usd
	us-gaap	Interest Expense Debt InterestExpenseDebt	10689	usd
	us-gaap	Interest Expense Debt InterestExpenseDebt	9487	usd
CY2022Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	29315	usd
CY2022Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	344975	usd
CY2022Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	7152	usd
CY2022Q2	us-gaap	Long Term Debt LongTermDebt	381442	usd
CY2021Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2021Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	150000000	shares
CY2021Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	313098220	shares
CY2021Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	313098220	shares
CY2022Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	15655038	shares
CY2022Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	15655038	shares
CY2022Q2	us-gaap	Share Price SharePrice	0.001

Files In Submission

Name	View Source	Status
0001493152-22-022338-index-headers.html	Edgar Link	pending
0001493152-22-022338-index.html	Edgar Link	pending
0001493152-22-022338.txt	Edgar Link	pending
0001493152-22-022338-xbrl.zip	Edgar Link	pending
ex31-1.htm	Edgar Link	pending
ex31-2.htm	Edgar Link	pending
ex32-1.htm	Edgar Link	pending
ex32-2.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
form10-q.htm	Edgar Link	pending
fvti-20220630.xsd	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
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fvti-20220630_cal.xml	Edgar Link	unprocessable
fvti-20220630_def.xml	Edgar Link	unprocessable
fvti-20220630_lab.xml	Edgar Link	unprocessable
fvti-20220630_pre.xml	Edgar Link	unprocessable
form10-q_htm.xml	Edgar Link	completed
R47.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable

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$FVTI
Fortune Valley Treasures, Inc. Stock $fvti

2022 Q3 Form 10-Q Financial Statement

#000149315222022338 Filed on August 12, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FVTI Fortune Valley Treasures, Inc. Stock $fvti

2022 Q3 Form 10-Q Financial Statement

#000149315222022338 Filed on August 12, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FVTI
Fortune Valley Treasures, Inc. Stock $fvti