$FVTI
Fortune Valley Treasures, Inc. Stock $fvti

$fvti Overview Financials Valuation SEC Filings Company Website

2023 Q1 Form 10-K Financial Statement

#000149315223010415 Filed on March 31, 2023

Income Statement

Concept	2023 Q1	2022 Q4	2022
Revenue	$26.75K	$2.721M	$9.234M
YoY Change	-97.88%	6.82%	15.11%
Cost Of Revenue	$677.4K	$1.575M	$4.593M
YoY Change	30.65%	25.28%	25.51%
Gross Profit	$957.9K	$1.146M	$4.641M
YoY Change	28.87%	-11.18%	6.39%
Gross Profit Margin	3581.02%	42.11%	50.26%
Selling, General & Admin	$964.6K	$3.337M	$4.747M
YoY Change	80.99%	395.13%	119.73%
% of Gross Profit	100.7%	291.27%	102.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$64.29K	$204.1K	$852.9K
YoY Change	-71.35%	-11.75%	8266.52%
% of Gross Profit	6.71%	17.82%	18.38%
Operating Expenses	$964.6K	$3.350M	$4.747M
YoY Change	76.85%	389.52%	117.26%
Operating Profit	-$6.715K	-$2.205M	-$1.950M
YoY Change	-103.39%	-464.17%	-189.55%
Interest Expense	$9.292K	-$10.32K	$31.44K
YoY Change	-261.6%	166.67%	-286.72%
% of Operating Profit
Other Income/Expense, Net	-$7.487K	$130.00	-$20.63K
YoY Change	-220.56%	-99.74%	-139.66%
Pretax Income	-$14.20K	-$4.058M	-$1.970M
YoY Change	-107.16%	-723.41%	-189.06%
Income Tax	$74.97K	-$25.79K	$186.5K
% Of Pretax Income
Net Earnings	-$88.82K	-$3.695M	-$1.943M
YoY Change	-150.48%	-651.47%	-209.16%
Net Earnings / Revenue	-332.03%	-135.82%	-21.04%
Basic Earnings Per Share	-$0.01		-$0.12
Diluted Earnings Per Share	-$0.01	-$0.24	-$0.12
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	2023 Q1	2022 Q4	2022
SHORT-TERM ASSETS
Cash & Short-Term Investments	$20.19K	$165.7K	$165.7K
YoY Change	-86.59%	34.53%	34.53%
Cash & Equivalents	$20.19K	$165.7K	$165.7K
Short-Term Investments
Other Short-Term Assets	$45.31K	$4.631K	$3.007M
YoY Change	-98.28%	-39.21%	38.12%
Inventory	$85.27K	$148.9K	$148.9K
Prepaid Expenses	$3.032M	$3.002M
Receivables	$5.370M	$4.798M	$3.550M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$7.299M	$6.871M	$6.871M
YoY Change	50.93%	35.54%	35.54%
LONG-TERM ASSETS
Property, Plant & Equipment	$87.74K	$97.89K	$470.4K
YoY Change	-84.44%	-30.27%	-24.72%
Goodwill	$456.9K	$454.2K
YoY Change		-67.7%
Intangibles	$318.4K	$370.9K
YoY Change		-83.74%
Long-Term Investments
YoY Change
Other Assets	$863.5K	$1.121M	$1.121M
YoY Change	-67.28%	-51.38%	-51.38%
Total Long-Term Assets	$2.092M	$2.417M	$2.417M
YoY Change	-68.72%	-63.49%	-63.49%
TOTAL ASSETS
Total Short-Term Assets	$7.299M	$6.871M	$6.871M
Total Long-Term Assets	$2.092M	$2.417M	$2.417M
Total Assets	$9.390M	$9.288M	$9.288M
YoY Change	-18.51%	-20.54%	-20.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$716.4K	$688.8K	$1.191M
YoY Change	120.86%	187.62%	223.84%
Accrued Expenses	$600.9K	$502.4K	$126.8K
YoY Change	322.69%	291.44%	-18.83%
Deferred Revenue	$140.7K	$139.3K
YoY Change		-63.57%
Short-Term Debt	$482.4K	$422.7K	$422.7K
YoY Change	403.45%	317.61%	317.6%
Long-Term Debt Due	$482.4K	$422.7K
YoY Change		317.61%
Total Short-Term Liabilities	$2.668M	$2.485M	$2.485M
YoY Change	89.9%	44.66%	44.66%
LONG-TERM LIABILITIES
Long-Term Debt	$32.39K	$58.44K	$58.44K
YoY Change	-81.74%	-68.95%	-68.95%
Other Long-Term Liabilities	$234.0K	$245.0K	$245.0K
YoY Change	-19.2%	-23.09%	-23.09%
Total Long-Term Liabilities	$32.39K	$58.44K	$303.5K
YoY Change	-93.06%	-68.95%	-40.12%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.668M	$2.485M	$2.485M
Total Long-Term Liabilities	$32.39K	$58.44K	$303.5K
Total Liabilities	$2.934M	$2.788M	$2.896M
YoY Change	27.26%	25.35%	10.16%
SHAREHOLDERS EQUITY
Retained Earnings	-$4.593M	-$4.504M
YoY Change		75.84%
Common Stock	$11.08M	$11.08M
YoY Change		0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$6.348M	$6.392M	$6.392M
YoY Change
Total Liabilities & Shareholders Equity	$9.390M	$9.288M	$9.288M
YoY Change	-18.51%	-20.54%	-20.54%

Cashflow Statement

Concept	2023 Q1	2022 Q4	2022
OPERATING ACTIVITIES
Net Income	-$88.82K	-$3.695M	-$1.943M
YoY Change	-150.48%	-651.47%	-209.16%
Depreciation, Depletion And Amortization	$64.29K	$204.1K	$852.9K
YoY Change	-71.35%	-11.75%	8266.52%
Cash From Operating Activities	-$174.9K	-$41.51K	$6.927K
YoY Change	-231.07%	-116.27%	-101.52%
INVESTING ACTIVITIES
Capital Expenditures	$700.00	$10.11K	$2.599K
YoY Change		-568.06%	-101.79%
Acquisitions
YoY Change
Other Investing Activities		$0.00	$0.00
YoY Change		-100.0%	-100.0%
Cash From Investing Activities	-$702.00	-$10.11K	-$10.11K
YoY Change		-109.51%	-102.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$31.02K	-41.88K	$66.12K
YoY Change	-132.43%	-89.64%	-134.43%
NET CHANGE
Cash From Operating Activities	-$174.9K	-41.51K	$6.927K
Cash From Investing Activities	-$702.00	-10.11K	-$10.11K
Cash From Financing Activities	$31.02K	-41.88K	$66.12K
Net Change In Cash	-$145.5K	-93.50K	$42.52K
YoY Change		117.49%	-123.63%
FREE CASH FLOW
Cash From Operating Activities	-$174.9K	-$41.51K	$6.927K
Capital Expenditures	$700.00	$10.11K	$2.599K
Free Cash Flow	-$175.6K	-$51.62K	$4.328K
YoY Change	-231.6%	-120.07%	-101.39%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2022	dei	Document Type DocumentType	10-K
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CY2022	dei	Document Period End Date DocumentPeriodEndDate	2022-12-31
CY2022	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2022	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
CY2022	dei	Document Transition Report DocumentTransitionReport	false
CY2022	dei	Entity File Number EntityFileNumber	000-55555
CY2022	dei	Entity Registrant Name EntityRegistrantName	FORTUNE VALLEY TREASURES, INC.
CY2022	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	NV
CY2022	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	32-0439333
CY2022	dei	Entity Address Address Line1 EntityAddressAddressLine1	16th Floor, Building 2, A+Building
CY2022	dei	Entity Address Address Line2 EntityAddressAddressLine2	139 Liansheng Road, Humen Town
CY2022	dei	Entity Address Address Line3 EntityAddressAddressLine3	Dongguan City
CY2022	dei	Entity Address City Or Town EntityAddressCityOrTown	Guangdong Province
CY2022	dei	Entity Address Country EntityAddressCountry	CN
CY2022	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	523000
CY2022	dei	City Area Code CityAreaCode	(86)
CY2022	dei	Local Phone Number LocalPhoneNumber	769-8572 9133
CY2022	dei	Security12g Title Security12gTitle	Common stock, par value $0.001 per share
CY2022	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2022	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2022	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
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CY2022	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
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CY2022	dei	Auditor Firm AuditorFirmId	206
CY2022	dei	Auditor Name AuditorName	MaloneBailey, LLP
CY2022	dei	Auditor Location AuditorLocation	Shenzhen, China
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CY2022	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	4685932	usd
CY2021	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2095488	usd
CY2022	us-gaap	Impairment Of Intangible Assets Excluding Goodwill ImpairmentOfIntangibleAssetsExcludingGoodwill	979428	usd
CY2022	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	863833	usd
CY2022	us-gaap	Operating Income Loss OperatingIncomeLoss	-1949566	usd
CY2021	us-gaap	Operating Income Loss OperatingIncomeLoss	2177114	usd
CY2022	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	10551	usd
CY2021	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	52025	usd
CY2022	us-gaap	Interest Income Other InterestIncomeOther	260	usd
CY2021	us-gaap	Interest Income Other InterestIncomeOther	983	usd
CY2022	us-gaap	Interest Expense InterestExpense	31444	usd
CY2021	us-gaap	Interest Expense InterestExpense	17816	usd
CY2022	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-20633	usd
CY2021	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	35192	usd
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1970199	usd
CY2021	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	2212306	usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	186480	usd
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	248837	usd
CY2022	us-gaap	Profit Loss ProfitLoss	-2156679	usd
CY2021	us-gaap	Profit Loss ProfitLoss	1963469	usd
CY2022	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-213956	usd
CY2021	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	183733	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-1942723	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	1779736	usd
CY2022	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-807766	usd
CY2021	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	269234	usd
CY2022	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-2964445	usd
CY2021	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	2232703	usd
CY2022	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	-296591	usd
CY2021	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	208927	usd
CY2022	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-2667854	usd
CY2021	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	2023776	usd
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.12
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.11
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	15655038	shares
CY2021	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	15655038	shares
CY2020Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	7231651	usd
CY2021	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	269234	usd
CY2021	us-gaap	Profit Loss ProfitLoss	1963469	usd
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	9464354	usd
CY2022	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-807766	usd
CY2022	us-gaap	Profit Loss ProfitLoss	-2156679	usd
CY2022	us-gaap	Profit Loss ProfitLoss	-2156679	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	6499909	usd
CY2022	us-gaap	Profit Loss ProfitLoss	-2156679	usd
CY2021	us-gaap	Profit Loss ProfitLoss	1963469	usd
CY2022	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	852883	usd
CY2021	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	869407	usd
CY2022	FVTI	Noncash Lease Expense NoncashLeaseExpense	172314	usd
CY2021	FVTI	Noncash Lease Expense NoncashLeaseExpense	117824	usd
CY2022	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	2564686	usd
CY2022	us-gaap	Impairment Of Intangible Assets Excluding Goodwill ImpairmentOfIntangibleAssetsExcludingGoodwill	979428	usd
CY2022	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	863833	usd
CY2022	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	2417438	usd
CY2021	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	124843	usd
CY2022	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	76524	usd
CY2021	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-66424	usd
CY2022	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	1033644	usd
CY2021	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	1755603	usd
CY2022	us-gaap	Increase Decrease In Due From Related Parties IncreaseDecreaseInDueFromRelatedParties	-24958	usd
CY2021	us-gaap	Increase Decrease In Due From Related Parties IncreaseDecreaseInDueFromRelatedParties	-356225	usd
CY2022	us-gaap	Increase Decrease In Deposit Other Assets IncreaseDecreaseInDepositOtherAssets	251545	usd
CY2021	us-gaap	Increase Decrease In Deposit Other Assets IncreaseDecreaseInDepositOtherAssets	1591577	usd
CY2022	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	482213	usd
CY2021	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	-18632	usd
CY2022	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	-162018	usd
CY2021	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	118009	usd
CY2022	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-218717	usd
CY2021	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-210259	usd
CY2022	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	531332	usd
CY2021	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	189812	usd
CY2022	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	15660	usd
CY2021	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-300140	usd
CY2022	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-163815	usd
CY2021	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-137258	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	6927	usd
CY2021	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-457142	usd
CY2022	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	7511	usd
CY2021	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	28008	usd
CY2021	FVTI	Proceeds Repayment Of Advance To Related Parties ProceedsRepaymentOfAdvanceToRelatedParties	614275	usd
CY2022	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2599	usd
CY2021	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	117077	usd
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-10110	usd
CY2021	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	469190	usd
CY2021	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	464958	usd
CY2022	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	148606	usd
CY2022	us-gaap	Proceeds From Bank Debt ProceedsFromBankDebt	135499	usd
CY2021	us-gaap	Proceeds From Bank Debt ProceedsFromBankDebt	77609	usd
CY2022	FVTI	Proceeds From Third Party ProceedsFromThirdParty	80338	usd
CY2022	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	154510	usd
CY2021	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	684784	usd
CY2022	us-gaap	Repayments Of Bank Debt RepaymentsOfBankDebt	61184	usd
CY2022	FVTI	Repayments To Third Party RepaymentsToThirdParty	82629	usd
CY2021	FVTI	Repayments To Third Party RepaymentsToThirdParty	49817	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	66120	usd
CY2021	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-192034	usd
CY2022	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	-20415	usd
CY2021	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	53312	usd
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	42522	usd
CY2021	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-126674	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
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	165685	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	123163	usd
CY2022	us-gaap	Interest Paid Net InterestPaidNet	31444	usd
CY2021	us-gaap	Interest Paid Net InterestPaidNet	17816	usd
CY2022	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	166516	usd
CY2021	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	444376	usd
CY2022	FVTI	Expense Paid By Related Parties On Behalf Of Company ExpensePaidByRelatedPartiesOnBehalfOfCompany	135774	usd
CY2021	FVTI	Expense Paid By Related Parties On Behalf Of Company ExpensePaidByRelatedPartiesOnBehalfOfCompany	344218	usd
CY2021	FVTI	Remeasurement Of Operating Lease Obligation And Rightofuse Asset Due To Lease Modification RemeasurementOfOperatingLeaseObligationAndRightofuseAssetDueToLeaseModification	41010	usd
CY2022	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	94285	usd
CY2021	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	319092	usd
CY2022	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_842_eus-gaap--UseOfEstimates_z5qbk8yZhHol" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Use of estimates</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with U.S. 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 and uncertain tax position, implicit interest rate of operating leases, 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: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<p id="xdx_846_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_z7Gb2Ac7rxq8" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Reclassification</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; 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: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q4	us-gaap	Allowance For Doubtful Accounts Premiums And Other Receivables AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables	0	usd
CY2021Q4	us-gaap	Allowance For Doubtful Accounts Premiums And Other Receivables AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables	0	usd
CY2022	us-gaap	Impairment Of Intangible Assets Excluding Goodwill ImpairmentOfIntangibleAssetsExcludingGoodwill	979428	usd
CY2022	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	863833	usd
CY2022Q4	us-gaap	Goodwill Goodwill	454201	usd
CY2022	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	9234079	usd
CY2021	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	8021823	usd
CY2022Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	139334	usd
CY2021Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	382518	usd
CY2022	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	332806	usd
CY2021	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	580151	usd
CY2022	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	61047	usd
CY2021	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	89416	usd
CY2022	FVTI	Value Added Tax ValueAddedTax	0.13	pure
CY2022Q4	FVTI	Statutory Reserves StatutoryReserves	1047959	usd
CY2021Q4	FVTI	Statutory Reserves StatutoryReserves	636898	usd
CY2021Q4	us-gaap	Other Assets Current OtherAssetsCurrent	7618	usd
CY2022Q4	FVTI	Prepaid Expense And Other Assets Current Gross PrepaidExpenseAndOtherAssetsCurrentGross	3006497	usd
CY2021Q4	FVTI	Prepaid Expense And Other Assets Current Gross PrepaidExpenseAndOtherAssetsCurrentGross	2176713	usd
CY2022	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1	segment
CY2022	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p id="xdx_843_eus-gaap--ConcentrationRiskCreditRisk_zwwIlZnEvDyj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><b><i>Significant risk</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><i>Currency risk</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">A majority of the Company’s expense transactions are denominated in RMB and a significant portion of the Company and its subsidiaries’ assets and liabilities are denominated in RMB. RMB is not freely convertible into foreign currencies. In the PRC, certain foreign exchange transactions are required by law to be transacted only by authorized financial institutions at exchange rates set by the People’s Bank of China (“PBOC”). Remittances in currencies other than RMB by the Company in the PRC must be processed through the PBOC or other Company foreign exchange regulatory bodies which require certain supporting documentation in order to affect the remittance.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">The Company maintains certain bank accounts in the PRC. On May 1, 2015, the PRC’s new Deposit Insurance Regulation came into effect, pursuant to which banking financial institutions, such as commercial banks, established in the PRC are required to purchase deposit insurance for deposits in RMB and in foreign currency placed with them. Such Deposit Insurance Regulation would not be effective in providing complete protection for the Company’s accounts, as its aggregate deposits are much higher than the compensation limit, which is RMB<span id="xdx_90A_eus-gaap--CashFDICInsuredAmount_iI_pp0p0_uCNY_c20221231__us-gaap--CreditFacilityAxis__custom--ChinaDepositInsuranceSystemMember__srt--RangeAxis__srt--MaximumMember_znuOGMWFebLj" title="FDIC insured amount">500,000</span> for one bank. However, the Company believes that the risk of failure of any of these Chinese banks is remote. Bank failure is uncommon in the PRC and the Company believes that those Chinese banks that hold the Company’s cash and cash equivalents are financially sound based on public available information.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Other than the deposit insurance mechanism in the PRC mentioned above, the Company’s bank accounts are not insured by Federal Deposit Insurance Corporation insurance or other insurance.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><i>Concentration and credit risk</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Financial instruments that potentially subject the Company to the concentration of credit risks consist of cash and short-term investments. The maximum exposures of such assets to credit risk are their carrying amounts as of the balance sheet dates. The Company deposits its cash and cash equivalents with financial institutions located in jurisdictions where the subsidiaries are located. The Company believes that no significant credit risk exists as these financial institutions have high credit quality.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">The Company also exposures to credit risk associated with its trading and other activities is measured on an individual counterparty basis, as well as by group of counterparties that share similar attributes. Concentrations of credit risk can be affected by changes in political, industry, or economic factors. To reduce the potential for risk concentration, the Company generally requires payment after delivery of the goods within 90 to 120 days. Credit limits are established and exposure is monitored in light of changing counterparty and market conditions. For the years ended December 31, 2022 and 2021, no customer accounted for more than 10% of the Company’s total revenues or accounts receivable. For the year ended December 31, 2022, the Company had two suppliers that accounted for more than <span id="xdx_90E_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20220101__20221231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--TwoSuppliersMember_zs4GzzTLsJt">10</span>% of the Company’s accounts payable and no supplier that accounted for more than 10% of the Company’s total purchases. For the year ended December 31, 2021, the Company had one supplier that accounted for more than <span id="xdx_90C_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20210101__20211231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--OneSupplierMember_z7lcD9xJaKo8">10</span>% of the Company’s total purchases and accounts payable and other two suppliers accounted for more than <span id="xdx_902_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20210101__20211231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--TwoSuppliersMember_z8KVXHjKzXkk" title="Concentration risk percentage">10</span>% of the Company’s accounts payable.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><i>Interest rate risk</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Fluctuations in market interest rates may negatively affect our financial condition and results of operations. The Company is exposed to floating interest rate risk on cash deposit and floating rate borrowings, and the risks due to changes in interest rates is not material. The Company has not used any derivative financial instruments to manage our interest risk exposure.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q4	FVTI	Prepayments To Related Parties PrepaymentsToRelatedParties	2255288	usd
CY2021Q4	FVTI	Prepayments To Related Parties PrepaymentsToRelatedParties	1813904	usd
CY2022Q4	FVTI	Prepaid Expense Related Parties Current PrepaidExpenseRelatedPartiesCurrent	3001866	usd
CY2021Q4	FVTI	Prepaid Expense Related Parties Current PrepaidExpenseRelatedPartiesCurrent	2169095	usd
CY2022Q4	us-gaap	Other Assets Current OtherAssetsCurrent	4631	usd
CY2022Q4	FVTI	Prepaid Assets Allowance For Doubtful Accounts Related Parties PrepaidAssetsAllowanceForDoubtfulAccountsRelatedParties	1152427	usd
CY2022Q4	FVTI	Prepaid Assets Allowance For Doubtful Accounts Current PrepaidAssetsAllowanceForDoubtfulAccountsCurrent	1247580	usd
CY2022Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	1758917	usd
CY2021Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	2176713	usd
CY2022	FVTI	Prepaid Assets Allowance For Doubtful Accounts Additions PrepaidAssetsAllowanceForDoubtfulAccountsAdditions	1284005	usd
CY2022	FVTI	Prepaid Assets Allowance For Doubtful Accounts Foreign Currency Translation Adjustment PrepaidAssetsAllowanceForDoubtfulAccountsForeignCurrencyTranslationAdjustment	-36425	usd
CY2022Q4	FVTI	Prepaid Assets Allowance For Doubtful Accounts Current PrepaidAssetsAllowanceForDoubtfulAccountsCurrent	1247580	usd
CY2022Q4	FVTI	Deposits Paid Related Parties DepositsPaidRelatedParties	1628511	usd
CY2021Q4	FVTI	Deposits Paid Related Parties DepositsPaidRelatedParties	1596075	usd
CY2022Q4	FVTI	Deposits Assets Noncurrent Gross DepositsAssetsNoncurrentGross	2365652	usd
CY2021Q4	FVTI	Deposits Assets Noncurrent Gross DepositsAssetsNoncurrentGross	2306160	usd
CY2022Q4	FVTI	Deposits Paid Allowance For Doubtful Accounts Related Parties DepositsPaidAllowanceForDoubtfulAccountsRelatedParties	870066	usd
CY2022Q4	FVTI	Deposits Assets Allowance For Doubtful Accounts DepositsAssetsAllowanceForDoubtfulAccounts	1244350	usd
CY2022Q4	us-gaap	Deposits Assets Noncurrent DepositsAssetsNoncurrent	1121302	usd
CY2021Q4	us-gaap	Deposits Assets Noncurrent DepositsAssetsNoncurrent	2306160	usd
CY2022	FVTI	Deposits Paid Allowance For Doubtful Accounts Additions DepositsPaidAllowanceForDoubtfulAccountsAdditions	1280681	usd
CY2022	FVTI	Deposits Paid Allowance For Doubtful Accounts Foreign Currency Translation Adjustment DepositsPaidAllowanceForDoubtfulAccountsForeignCurrencyTranslationAdjustment	-36331	usd
CY2022Q4	FVTI	Deposits Assets Allowance For Doubtful Accounts DepositsAssetsAllowanceForDoubtfulAccounts	1244350	usd
CY2022Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	242906	usd
CY2021Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	240381	usd
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	145016	usd
CY2021Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	99987	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	97890	usd
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	140394	usd
CY2022	us-gaap	Depreciation Depreciation	46344	usd
CY2021	us-gaap	Depreciation Depreciation	24500	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	3145444	usd
CY2021Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	3411703	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	1822875	usd
CY2021Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	1129913	usd
CY2022Q4	FVTI	Finite Lived Intangible Assets Impairment Loss FiniteLivedIntangibleAssetsImpairmentLoss	951643	usd
CY2022Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	370926	usd
CY2021Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	2281790	usd
CY2022	us-gaap	Adjustment For Amortization AdjustmentForAmortization	806539	usd
CY2021	us-gaap	Effective Income Tax Rate Reconciliation Deductions EffectiveIncomeTaxRateReconciliationDeductions	0.072	pure
CY2022	FVTI	Prc Tax Exemption For Qualified Smallscale And Lowprofit Enterprises PrcTaxExemptionForQualifiedSmallscaleAndLowprofitEnterprises	0.525	pure
CY2021	FVTI	Prc Tax Exemption For Qualified Smallscale And Lowprofit Enterprises PrcTaxExemptionForQualifiedSmallscaleAndLowprofitEnterprises	-0.368	pure
CY2022	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	-0.031	pure
CY2021	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	0.025	pure
CY2022	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses	-0.282	pure
CY2021	us-gaap	Adjustment For Amortization AdjustmentForAmortization	844907	usd
CY2022	us-gaap	Impairment Of Intangible Assets Excluding Goodwill ImpairmentOfIntangibleAssetsExcludingGoodwill	979428	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	213983	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	144510	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	5562	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	5562	usd
CY2022Q4	FVTI	Finite Lived Intangible Assets Amortization Expense After Year Four FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour	1309	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	370926	usd
CY2022	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21	pure
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	186480	usd
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	248837	usd
CY2022	us-gaap	Income Tax Reconciliation Minority Interest Income Expense IncomeTaxReconciliationMinorityInterestIncomeExpense	-1970199	usd
CY2021	us-gaap	Income Tax Reconciliation Minority Interest Income Expense IncomeTaxReconciliationMinorityInterestIncomeExpense	2212306	usd
CY2022	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210	pure
CY2021	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210	pure
CY2022	us-gaap	Effective Income Tax Rate Reconciliation Deductions EffectiveIncomeTaxRateReconciliationDeductions	-0.093	pure
CY2021	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses	0.079	pure
CY2022	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense Other EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther	-0.273	pure
CY2022	FVTI	Effective Income Tax Rate Reconciliation Gilti EffectiveIncomeTaxRateReconciliationGilti	-0.107	pure
CY2021	FVTI	Effective Income Tax Rate Reconciliation Gilti EffectiveIncomeTaxRateReconciliationGilti	0.094	pure
CY2022	us-gaap	Effective Income Tax Rate Reconciliation Other Reconciling Items Percent EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent	-0.044	pure
CY2022	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.095	pure
CY2021	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.112	pure
CY2022Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	61762	usd
CY2021Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	55457	usd
CY2022Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	61762	usd
CY2021Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	55457	usd
CY2021Q4	us-gaap	Due From Related Parties Current DueFromRelatedPartiesCurrent	26364	usd
CY2022Q4	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	565675	usd
CY2021Q4	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	683981	usd
CY2022	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	238824	usd
CY2021	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	684862	usd
CY2022	us-gaap	Related Party Costs RelatedPartyCosts	1302498	usd
CY2021	us-gaap	Related Party Costs RelatedPartyCosts	707322	usd
CY2022	us-gaap	Related Party Transaction Purchases From Related Party RelatedPartyTransactionPurchasesFromRelatedParty	1309549	usd
CY2021	us-gaap	Related Party Transaction Purchases From Related Party RelatedPartyTransactionPurchasesFromRelatedParty	731315	usd
CY2022	us-gaap	Lessee Operating Lease Description LesseeOperatingLeaseDescription	the Company has twenty separate operating lease agreements for three office spaces, one warehouse and sixteen stores in PRC with remaining lease terms of from 3 months to 52 months.
CY2022	us-gaap	Operating Lease Payments OperatingLeasePayments	172425	usd
CY2021	us-gaap	Operating Lease Payments OperatingLeasePayments	151586	usd
CY2022Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P3Y1M9D
CY2021Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P3Y9M25D
CY2022Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0323	pure
CY2021Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0323	pure
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	139875	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	110420	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	95408	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	42703	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	5789	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	394195	usd
CY2022Q4	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	22352	usd
CY2022Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	371843	usd
CY2022	us-gaap	Operating Lease Expense OperatingLeaseExpense	171540	usd
CY2021	us-gaap	Operating Lease Expense OperatingLeaseExpense	150992	usd
CY2022Q3	us-gaap	Line Of Credit Facility Interest Rate Description LineOfCreditFacilityInterestRateDescription	interest at 14.4%
CY2022Q3	us-gaap	Line Of Credit Facility Expiration Date1 LineOfCreditFacilityExpirationDate1	2024-07-08
CY2022Q3	us-gaap	Line Of Credit Facility Interest Rate Description LineOfCreditFacilityInterestRateDescription	interest at 14.4%
CY2022Q3	us-gaap	Line Of Credit Facility Expiration Date1 LineOfCreditFacilityExpirationDate1	2024-07-13
CY2022Q3	us-gaap	Line Of Credit Facility Interest Rate Description LineOfCreditFacilityInterestRateDescription	interest at 12.6%
CY2022Q3	us-gaap	Line Of Credit Facility Expiration Date1 LineOfCreditFacilityExpirationDate1	2024-07-21
CY2022Q4	us-gaap	Long Term Debt LongTermDebt	481091	usd
CY2021Q4	us-gaap	Long Term Debt LongTermDebt	289425	usd
CY2022Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	422653	usd
CY2021Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	101207	usd
CY2022Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	58438	usd
CY2021Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	188218	usd
CY2022	us-gaap	Interest Expense Debt InterestExpenseDebt	31444	usd
CY2021	us-gaap	Interest Expense Debt InterestExpenseDebt	17816	usd
CY2022Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	422653	usd
CY2022Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	58438	usd
CY2022Q4	us-gaap	Long Term Debt LongTermDebt	481091	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
CY2020Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	313098220	shares
CY2020Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	313098220	shares
CY2021Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	15655038	shares
CY2021Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	15655038	shares
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001

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Fortune Valley Treasures, Inc. Stock $fvti

2023 Q1 Form 10-K Financial Statement

#000149315223010415 Filed on March 31, 2023

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$FVTI Fortune Valley Treasures, Inc. Stock $fvti

2023 Q1 Form 10-K Financial Statement

#000149315223010415 Filed on March 31, 2023

Income Statement

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Cashflow Statement

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Files In Submission

$FVTI
Fortune Valley Treasures, Inc. Stock $fvti