$FVTI
Fortune Valley Treasures, Inc. Stock $fvti

$fvti Overview Financials Valuation SEC Filings Company Website

2023 Q3 Form 10-Q Financial Statement

#000149315223028096 Filed on August 14, 2023

Income Statement

Concept	2023 Q3	2023 Q2	2022 Q2
Revenue	$909.7K	$1.273M	$2.336M
YoY Change	-68.8%	-45.53%	28.0%
Cost Of Revenue	$593.3K	$652.8K	$1.100M
YoY Change	-57.64%	-40.63%	37.87%
Gross Profit	$316.4K	$619.8K	$1.237M
YoY Change	-79.11%	-49.89%	20.35%
Gross Profit Margin	34.78%	48.7%	52.94%
Selling, General & Admin	$1.538M	$1.041M	$363.6K
YoY Change	215.45%	186.2%	-22.55%
% of Gross Profit	486.14%	167.89%	29.39%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$59.13K	$60.39K	$209.0K
YoY Change	-72.54%	-71.11%	-6.98%
% of Gross Profit	18.69%	9.74%	16.9%
Operating Expenses	$1.538M	$1.041M	$363.6K
YoY Change	215.45%	186.2%	-22.55%
Operating Profit	-$1.222M	-$420.8K	$873.4K
YoY Change	-218.96%	-148.18%	56.42%
Interest Expense	$10.29K	$8.964K	$4.864K
YoY Change	-0.94%	84.29%	-18.03%
% of Operating Profit			0.56%
Other Income/Expense, Net	-$2.810K	-$2.512K	-$2.853K
YoY Change	-65.11%	-11.95%	-45.09%
Pretax Income	-$1.225M	-$423.3K	$870.5K
YoY Change	-220.17%	-148.63%	57.37%
Income Tax	-$1.906K	$21.53K	$81.51K
% Of Pretax Income			9.36%
Net Earnings	-$1.109M	-$386.8K	$747.7K
YoY Change	-229.55%	-151.73%	80.4%
Net Earnings / Revenue	-121.87%	-30.4%	32.0%
Basic Earnings Per Share	-$0.07	-$0.02	$0.05
Diluted Earnings Per Share	-$0.07	-$0.02	$47.76K
COMMON SHARES
Basic Shares Outstanding	15.66M shares	15.66M shares	15.66M shares
Diluted Shares Outstanding	15.66M shares	15.66M shares	15.66M shares

Balance Sheet

Concept	2023 Q3	2023 Q2	2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$13.28K	$75.95K	$85.33K
YoY Change	-94.45%	-10.99%	-79.7%
Cash & Equivalents	$13.28K	$75.95K	$85.33K
Short-Term Investments
Other Short-Term Assets	$6.919K	$6.995K	$8.845K
YoY Change	-69.49%	-20.92%	-99.66%
Inventory	$59.24K	$76.80K	$139.5K
Prepaid Expenses	$3.658M	$2.876M
Receivables	$4.303M	$5.102M	$2.705M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$5.743M	$6.792M	$5.367M
YoY Change	-12.24%	26.55%	23.28%
LONG-TERM ASSETS
Property, Plant & Equipment	$104.2K	$112.5K	$118.1K
YoY Change	-5.27%	-4.74%	-80.14%
Goodwill	$431.3K	$435.6K	$1.334M
YoY Change	-65.66%	-67.35%
Intangibles	$198.8K	$252.1K	$1.768M
YoY Change	-86.52%	-85.74%
Long-Term Investments
YoY Change
Other Assets	$605.6K	$673.6K	$2.751M
YoY Change	-73.85%	-75.52%	64.06%
Total Long-Term Assets	$1.630M	$1.783M	$6.348M
YoY Change	-70.63%	-71.91%	0.67%
TOTAL ASSETS
Total Short-Term Assets	$5.743M	$6.792M	$5.367M
Total Long-Term Assets	$1.630M	$1.783M	$6.348M
Total Assets	$7.374M	$8.575M	$11.71M
YoY Change	-39.04%	-26.8%	9.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$684.0K	$692.0K	$191.0K
YoY Change	341.16%	262.32%	-38.84%
Accrued Expenses	$625.2K	$553.0K	$138.6K
YoY Change	375.92%	299.04%	-2.46%
Deferred Revenue	$71.32K	$116.8K	$256.0K
YoY Change	-59.53%	-54.38%
Short-Term Debt	$451.1K	$483.2K	$208.0K
YoY Change	9.18%	132.31%
Long-Term Debt Due	$451.1K	$483.2K	$208.0K
YoY Change	9.18%	132.31%
Total Short-Term Liabilities	$2.672M	$2.739M	$1.453M
YoY Change	55.44%	88.53%	-27.11%
LONG-TERM LIABILITIES
Long-Term Debt	$188.3K	$46.36K	$173.4K
YoY Change	110.6%	-73.27%	-14.03%
Other Long-Term Liabilities	$179.3K	$200.8K	$251.0K
YoY Change	-30.9%	-19.99%	-30.04%
Total Long-Term Liabilities	$188.3K	$46.36K	$173.4K
YoY Change	110.6%	-73.27%	-69.06%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.672M	$2.739M	$1.453M
Total Long-Term Liabilities	$188.3K	$46.36K	$173.4K
Total Liabilities	$3.039M	$2.986M	$1.877M
YoY Change	47.0%	59.07%	-33.66%
SHAREHOLDERS EQUITY
Retained Earnings	-$6.089M	-$4.980M	-$1.665M
YoY Change	652.19%	199.05%
Common Stock	$11.08M	$11.08M	$11.08M
YoY Change	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$4.443M	$5.580M	$9.408M
YoY Change
Total Liabilities & Shareholders Equity	$7.374M	$8.575M	$11.71M
YoY Change	-39.04%	-26.8%	9.9%

Cashflow Statement

Concept	2023 Q3	2023 Q2	2022 Q2
OPERATING ACTIVITIES
Net Income	-$1.109M	-$386.8K	$747.7K
YoY Change	-229.55%	-151.73%	80.4%
Depreciation, Depletion And Amortization	$59.13K	$60.39K	$209.0K
YoY Change	-72.54%	-71.11%	-6.98%
Cash From Operating Activities	-$187.1K	$89.09K	-$116.0K
YoY Change	-703.61%	-176.8%	-35.8%
INVESTING ACTIVITIES
Capital Expenditures	$0.00	$4.790K	$0.00
YoY Change			-100.0%
Acquisitions
YoY Change
Other Investing Activities			$0.00
YoY Change			-100.0%
Cash From Investing Activities	$0.00	-$4.790K	$0.00
YoY Change			-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	118.5K	11.78K	46.10K
YoY Change	-24.76%	-74.45%	-138.16%
NET CHANGE
Cash From Operating Activities	-187.1K	89.09K	-116.0K
Cash From Investing Activities	0.000	-4.790K	0.000
Cash From Financing Activities	118.5K	11.78K	46.10K
Net Change In Cash	-68.58K	96.08K	-69.90K
YoY Change	-136.37%	-237.45%	-86.78%
FREE CASH FLOW
Cash From Operating Activities	-$187.1K	$89.09K	-$116.0K
Capital Expenditures	$0.00	$4.790K	$0.00
Free Cash Flow	-$187.1K	$84.30K	-$116.0K
YoY Change	-703.61%	-172.67%	-5.84%

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
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts		usd
	us-gaap	Gain Loss On Disposition Of Intangible Assets GainLossOnDispositionOfIntangibleAssets		usd
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	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment		usd
	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets		usd
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	FVTI	Proceeds From Third Party ProceedsFromThirdParty		usd
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	FVTI	Liabilities Assumed In Connection With Purchase Of Property And Equipment LiabilitiesAssumedInConnectionWithPurchaseOfPropertyAndEquipment		usd
CY2022Q4	FVTI	Accounts Receivable Net Current Allowance For Doubtful Accounts Current AccountsReceivableNetCurrentAllowanceForDoubtfulAccountsCurrent		usd
CY2022Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable		usd
CY2021Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable		usd
CY2022	FVTI	Allowance For Doubtful Accounts Additions AllowanceForDoubtfulAccountsAdditions		usd
CY2022	FVTI	Allowance For Doubtful Accounts Foreign Currency Translation Adjustment AllowanceForDoubtfulAccountsForeignCurrencyTranslationAdjustment		usd
CY2022Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable		usd
CY2021Q4	FVTI	Prepaid Assets Allowance For Doubtful Accounts Current PrepaidAssetsAllowanceForDoubtfulAccountsCurrent		usd
CY2021Q4	FVTI	Deposits Assets Allowance For Doubtful Accounts DepositsAssetsAllowanceForDoubtfulAccounts		usd
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2023-06-30
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity File Number EntityFileNumber	000-55555
	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 Yinxiang Building
	dei	Entity Address Address Line2 EntityAddressAddressLine2	No. 139 Liansheng Road
	dei	Entity Address Address Line3 EntityAddressAddressLine3	Humen Town
	dei	Entity Address City Or Town EntityAddressCityOrTown	Dongguan
	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
	us-gaap	Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential	0.097	pure
	dei	Security12g Title Security12gTitle	Common stock, par value $0.001 per share
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Shell Company EntityShellCompany	false
CY2023Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	15655038	shares
CY2023Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	75950	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	165685	usd
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CY2022Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	4797564	usd
CY2023Q2	us-gaap	Inventory Net InventoryNet	76795	usd
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CY2023Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	1537639	usd
CY2022Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	1758917	usd
CY2023Q2	us-gaap	Assets Current AssetsCurrent	6792105	usd
CY2022Q4	us-gaap	Assets Current AssetsCurrent	6871091	usd
CY2023Q2	us-gaap	Related Party Deposit Liabilities RelatedPartyDepositLiabilities	573584	usd
CY2022Q4	us-gaap	Related Party Deposit Liabilities RelatedPartyDepositLiabilities	758445	usd
CY2023Q2	us-gaap	Deposits Assets Noncurrent DepositsAssetsNoncurrent	673561	usd
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CY2023Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	112461	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	97890	usd
CY2023Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	252148	usd
CY2022Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	370926	usd
CY2023Q2	us-gaap	Goodwill Goodwill	435562	usd
CY2022Q4	us-gaap	Goodwill Goodwill	454201	usd
CY2023Q2	us-gaap	Assets Assets	8575106	usd
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CY2022Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	688822	usd
CY2023Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	553026	usd
CY2022Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	502389	usd
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CY2022Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	422653	usd
CY2023Q2	us-gaap	Taxes Payable Current TaxesPayableCurrent	20116	usd
CY2022Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	38879	usd
CY2023Q2	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	116769	usd
CY2022Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	139334	usd
CY2023Q2	us-gaap	Liabilities Current LiabilitiesCurrent	2738979	usd
CY2022Q4	us-gaap	Liabilities Current LiabilitiesCurrent	2484582	usd
CY2023Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	46356	usd
CY2022Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	58438	usd
CY2023Q2	us-gaap	Liabilities Liabilities	2986163	usd
CY2022Q4	us-gaap	Liabilities Liabilities	2788033	usd
CY2023Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	150000000	shares
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CY2023Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	15655038	shares
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	15655038	shares
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	15655038	shares
CY2023Q2	us-gaap	Common Stock Value CommonStockValue	15655	usd
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	15655	usd
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CY2022Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	11061233	usd
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CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-4504404	usd
CY2023Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-516590	usd
CY2022Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-180826	usd
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CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	6391658	usd
CY2023Q2	us-gaap	Minority Interest MinorityInterest	8693	usd
CY2022Q4	us-gaap	Minority Interest MinorityInterest	108251	usd
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CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	6499909	usd
CY2023Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	8575106	usd
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CY2023Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1272597	usd
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	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2907886	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	3598269	usd
CY2023Q2	us-gaap	Related Parties Amount In Cost Of Sales RelatedPartiesAmountInCostOfSales	133114	usd
CY2022Q2	us-gaap	Related Parties Amount In Cost Of Sales RelatedPartiesAmountInCostOfSales	249468	usd
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	us-gaap	Gross Profit GrossProfit	1577721	usd
	us-gaap	Gross Profit GrossProfit	1980284	usd
CY2023Q2	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	13016	usd
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	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	26258	usd
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	us-gaap	Operating Income Loss OperatingIncomeLoss	-427504	usd
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	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	8210	usd
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	us-gaap	Interest Expense InterestExpense	18256	usd
	us-gaap	Interest Expense InterestExpense	10689	usd
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	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-437503	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1068863	usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	21528	usd
CY2022Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	81514	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	96502	usd
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CY2023Q2	us-gaap	Profit Loss ProfitLoss	-444829	usd
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	us-gaap	Profit Loss ProfitLoss	-534005	usd
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	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	68533	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	-386825	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	747733	usd
	us-gaap	Net Income Loss NetIncomeLoss	-475644	usd
	us-gaap	Net Income Loss NetIncomeLoss	896409	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-422433	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-602321	usd
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-376961	usd
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-591601	usd
CY2023Q2	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-867262	usd
CY2022Q2	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	186662	usd
	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-910966	usd
	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	373341	usd
CY2023Q2	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	-99383	usd
CY2022Q2	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	-4305	usd
	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	-99558	usd
	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	24726	usd
CY2023Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-767879	usd
CY2022Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	190967	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-811408	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	348615	usd
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.02
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.02
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.05
CY2022Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.05
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.03
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.03
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.06
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.06
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	15655038	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	15655038	shares
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	15655038	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	15655038	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	15655038	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	15655038	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	15655038	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	15655038	shares
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	6499909	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	-89176	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	45472	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	6456205	usd
CY2023Q2	us-gaap	Profit Loss ProfitLoss	-444829	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-422433	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	5588943	usd
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
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	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
CY2022Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	9837695	usd
	us-gaap	Profit Loss ProfitLoss	-534005	usd
	us-gaap	Profit Loss ProfitLoss	964942	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	124680	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	433417	usd
	FVTI	Noncash Lease Expense NoncashLeaseExpense	91369	usd
	FVTI	Noncash Lease Expense NoncashLeaseExpense	85628	usd
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	960144	usd
	us-gaap	Gain Loss On Disposition Of Intangible Assets GainLossOnDispositionOfIntangibleAssets	-1855	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	896403	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	185856	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-68723	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	64826	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-232	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	385553	usd
	us-gaap	Increase Decrease In Due From Related Parties IncreaseDecreaseInDueFromRelatedParties	-25887	usd
	us-gaap	Increase Decrease In Deposit Other Assets IncreaseDecreaseInDepositOtherAssets	12080	usd
	us-gaap	Increase Decrease In Deposit Other Assets IncreaseDecreaseInDepositOtherAssets	583325	usd
	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	32763	usd
	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	-37455	usd
	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	111324	usd
	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	-122702	usd
	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-17538	usd
	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-110633	usd
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	74167	usd
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	56060	usd
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-17871	usd
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	19354	usd
	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-73176	usd
	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-77497	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-85816	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	17441	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	4786	usd
	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	702	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-5488	usd
	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	7224	usd
	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	148606	usd
	us-gaap	Proceeds From Bank Debt ProceedsFromBankDebt	113418	usd
	us-gaap	Proceeds From Bank Debt ProceedsFromBankDebt	10352	usd
	FVTI	Proceeds From Third Party ProceedsFromThirdParty	24154	usd
	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	154510	usd
	us-gaap	Repayments Of Bank Debt RepaymentsOfBankDebt	58299	usd
	us-gaap	Repayments Of Bank Debt RepaymentsOfBankDebt	11763	usd
	FVTI	Repayments To Third Party RepaymentsToThirdParty	19541	usd
	FVTI	Repayments To Third Party RepaymentsToThirdParty	66379	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	42802	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-49540	usd
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	-41233	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	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-89735	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-37837	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
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	75950	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	85326	usd
	us-gaap	Interest Paid Net InterestPaidNet	18378	usd
	us-gaap	Interest Paid Net InterestPaidNet	10191	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	152140	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	86546	usd
	FVTI	Expense Paid By Related Parties On Behalf Of Company ExpensePaidByRelatedPartiesOnBehalfOfCompany	38627	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	39797	usd
	FVTI	Liabilities Assumed In Connection With Purchase Of Property And Equipment LiabilitiesAssumedInConnectionWithPurchaseOfPropertyAndEquipment	28234	usd
	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_842_eus-gaap--UseOfEstimates_zokqSBvj09q4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_864_z3eMhqIBl692">Use of estimates</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 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: 0pt 0pt 0pt 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 credit losses, 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: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q2	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	2875927	usd
CY2022Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	3001866	usd
CY2023Q2	us-gaap	Other Assets Current OtherAssetsCurrent	6995	usd
CY2022Q4	us-gaap	Other Assets Current OtherAssetsCurrent	4631	usd
CY2023Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1272597	usd
CY2022Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2336459	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2907886	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	3598269	usd
CY2023Q2	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	116769	usd
CY2022Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	139334	usd
	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	24707	usd
CY2023Q2	FVTI	Prepaid Expense And Other Assets Current Gross PrepaidExpenseAndOtherAssetsCurrentGross	2882922	usd
CY2023Q2	us-gaap	Accounts Receivable Net AccountsReceivableNet	5461870	usd
CY2022Q4	us-gaap	Accounts Receivable Net AccountsReceivableNet	4797564	usd
CY2023Q2	FVTI	Accounts Receivable Net Current Allowance For Doubtful Accounts Current AccountsReceivableNetCurrentAllowanceForDoubtfulAccountsCurrent	360149	usd
CY2023Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	5101721	usd
CY2022Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	4797564	usd
	FVTI	Allowance For Doubtful Accounts Additions AllowanceForDoubtfulAccountsAdditions	374894	usd
	FVTI	Allowance For Doubtful Accounts Foreign Currency Translation Adjustment AllowanceForDoubtfulAccountsForeignCurrencyTranslationAdjustment	-14745	usd
CY2023Q2	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	360149	usd
CY2022Q4	FVTI	Prepaid Expense And Other Assets Current Gross PrepaidExpenseAndOtherAssetsCurrentGross	3006497	usd
CY2023Q2	FVTI	Prepaid Assets Allowance For Doubtful Accounts Current PrepaidAssetsAllowanceForDoubtfulAccountsCurrent	1345283	usd
CY2022Q4	FVTI	Prepaid Assets Allowance For Doubtful Accounts Current PrepaidAssetsAllowanceForDoubtfulAccountsCurrent	1247580	usd
CY2023Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	1537639	usd
CY2022Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	1758917	usd
CY2022Q4	FVTI	Prepaid Assets Allowance For Doubtful Accounts Current PrepaidAssetsAllowanceForDoubtfulAccountsCurrent	1247580	usd
	FVTI	Prepaid Assets Allowance For Doubtful Accounts Additions PrepaidAssetsAllowanceForDoubtfulAccountsAdditions	154985	usd
CY2022	FVTI	Prepaid Assets Allowance For Doubtful Accounts Additions PrepaidAssetsAllowanceForDoubtfulAccountsAdditions	1284005	usd
	FVTI	Prepaid Assets Allowance For Doubtful Accounts Foreign Currency Translation Adjustment PrepaidAssetsAllowanceForDoubtfulAccountsForeignCurrencyTranslationAdjustment	-57282	usd
CY2022	FVTI	Prepaid Assets Allowance For Doubtful Accounts Foreign Currency Translation Adjustment PrepaidAssetsAllowanceForDoubtfulAccountsForeignCurrencyTranslationAdjustment	-36425	usd
CY2023Q2	FVTI	Prepaid Assets Allowance For Doubtful Accounts Current PrepaidAssetsAllowanceForDoubtfulAccountsCurrent	1345283	usd
CY2022Q4	FVTI	Prepaid Assets Allowance For Doubtful Accounts Current PrepaidAssetsAllowanceForDoubtfulAccountsCurrent	1247580	usd
CY2023Q2	FVTI	Deposits Assets Noncurrent Gross DepositsAssetsNoncurrentGross	2280196	usd
CY2022Q4	FVTI	Deposits Assets Noncurrent Gross DepositsAssetsNoncurrentGross	2365652	usd
CY2023Q2	FVTI	Deposits Assets Allowance For Doubtful Accounts DepositsAssetsAllowanceForDoubtfulAccounts	1606635	usd
CY2022Q4	FVTI	Deposits Assets Allowance For Doubtful Accounts DepositsAssetsAllowanceForDoubtfulAccounts	1244350	usd
CY2023Q2	us-gaap	Deposits Assets Noncurrent DepositsAssetsNoncurrent	673561	usd
CY2022Q4	us-gaap	Deposits Assets Noncurrent DepositsAssetsNoncurrent	1121302	usd
CY2022Q4	FVTI	Deposits Assets Allowance For Doubtful Accounts DepositsAssetsAllowanceForDoubtfulAccounts	1244350	usd
	us-gaap	Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential	-0.221	pure
	FVTI	Deposits Paid Allowance For Doubtful Accounts Additions DepositsPaidAllowanceForDoubtfulAccountsAdditions	430265	usd
CY2022	FVTI	Deposits Paid Allowance For Doubtful Accounts Additions DepositsPaidAllowanceForDoubtfulAccountsAdditions	1280681	usd
	FVTI	Deposits Paid Allowance For Doubtful Accounts Foreign Currency Translation Adjustment DepositsPaidAllowanceForDoubtfulAccountsForeignCurrencyTranslationAdjustment	-67980	usd
CY2022	FVTI	Deposits Paid Allowance For Doubtful Accounts Foreign Currency Translation Adjustment DepositsPaidAllowanceForDoubtfulAccountsForeignCurrencyTranslationAdjustment	-36331	usd
CY2023Q2	FVTI	Deposits Assets Allowance For Doubtful Accounts DepositsAssetsAllowanceForDoubtfulAccounts	1606635	usd
CY2022Q4	FVTI	Deposits Assets Allowance For Doubtful Accounts DepositsAssetsAllowanceForDoubtfulAccounts	1244350	usd
CY2023Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	274816	usd
CY2022Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	242906	usd
CY2023Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	162355	usd
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	145016	usd
CY2023Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	112461	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	97890	usd
	us-gaap	Depreciation Depreciation	18046	usd
	us-gaap	Depreciation Depreciation	15647	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	3015262	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	3145444	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	1850517	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	1822875	usd
CY2023Q2	FVTI	Finite Lived Intangible Assets Impairment Loss FiniteLivedIntangibleAssetsImpairmentLoss	912597	usd
CY2022Q4	FVTI	Finite Lived Intangible Assets Impairment Loss FiniteLivedIntangibleAssetsImpairmentLoss	951643	usd
CY2023Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	252148	usd
CY2022Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	370926	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	106634	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	417770	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	102773	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	138256	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	5010	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	5010	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	1099	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	252148	usd
	us-gaap	Revenues Revenues	69598	usd
	us-gaap	Revenues Revenues	41495	usd
	us-gaap	Related Party Transaction Purchases From Related Party RelatedPartyTransactionPurchasesFromRelatedParty	374686	usd
	us-gaap	Related Party Transaction Purchases From Related Party RelatedPartyTransactionPurchasesFromRelatedParty	349387	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	96502	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	103921	usd
	us-gaap	Lessee Operating Lease Description LesseeOperatingLeaseDescription	the Company has nineteen separate operating lease agreements for three office spaces, one warehouse and fifteen stores in PRC with remaining lease terms of from 1 month to 46 months
	us-gaap	Operating Lease Cost OperatingLeaseCost	73184	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	85356	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	73184	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	85356	usd
	us-gaap	Operating Lease Payments OperatingLeasePayments	77612	usd
	us-gaap	Operating Lease Payments OperatingLeasePayments	78215	usd
CY2023Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P2Y8M19D
CY2022Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P3Y6M18D
CY2023Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0323	pure
CY2022Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0323	pure
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	65998	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	121342	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	103943	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	40951	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	5552	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	337786	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	11701	usd
CY2023Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	326085	usd
CY2023Q2	us-gaap	Long Term Debt LongTermDebt	529589	usd
CY2022Q4	us-gaap	Long Term Debt LongTermDebt	481091	usd
CY2023Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	483233	usd
CY2022Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	422653	usd
CY2023Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	46356	usd
CY2022Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	58438	usd
	us-gaap	Interest Expense Debt InterestExpenseDebt	18256	usd
	us-gaap	Interest Expense Debt InterestExpenseDebt	10689	usd
CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	210155	usd
CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	293951	usd
CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	12826	usd
CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	5425	usd
CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	5425	usd
CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	1807	usd
CY2023Q2	us-gaap	Long Term Debt LongTermDebt	529589	usd

Files In Submission

Name	View Source	Status
fvti-20230630_def.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
0001493152-23-028096-index-headers.html	Edgar Link	pending
0001493152-23-028096-index.html	Edgar Link	pending
0001493152-23-028096.txt	Edgar Link	pending
0001493152-23-028096-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-20230630.xsd	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
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fvti-20230630_cal.xml	Edgar Link	unprocessable
fvti-20230630_lab.xml	Edgar Link	unprocessable
fvti-20230630_pre.xml	Edgar Link	unprocessable
form10-q_htm.xml	Edgar Link	completed
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
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R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$FVTI
Fortune Valley Treasures, Inc. Stock $fvti

2023 Q3 Form 10-Q Financial Statement

#000149315223028096 Filed on August 14, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FVTI Fortune Valley Treasures, Inc. Stock $fvti

2023 Q3 Form 10-Q Financial Statement

#000149315223028096 Filed on August 14, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FVTI
Fortune Valley Treasures, Inc. Stock $fvti