$FVTI
Fortune Valley Treasures, Inc. Stock $fvti

$fvti Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-K Financial Statement

#000149315224014607 Filed on April 15, 2024

Income Statement

Concept	2024 Q2	2023 Q4	2023
Revenue	$247.1K	$419.0K	$4.237M
YoY Change	-80.59%	-84.6%	-54.12%
Cost Of Revenue	$202.8K	$331.9K	$2.255M
YoY Change	-68.94%	-78.93%	-50.9%
Gross Profit	$44.28K	$87.11K	$1.981M
YoY Change	-92.86%	-92.4%	-57.31%
Gross Profit Margin	17.92%	20.79%	46.77%
Selling, General & Admin	$816.4K	$2.142M	$5.659M
YoY Change	-21.54%	-35.81%	19.22%
% of Gross Profit	1843.95%	2458.75%	285.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$57.85K	$60.06K	$243.9K
YoY Change	-4.21%	-70.58%	-71.41%
% of Gross Profit	130.66%	68.95%	12.31%
Operating Expenses	$816.4K	$2.150M	$5.693M
YoY Change	-21.54%	-35.83%	19.94%
Operating Profit	-$772.2K	-$2.063M	-$3.712M
YoY Change	83.5%	-6.43%	90.41%
Interest Expense	-$7.700K	-$9.820K	-$38.31K
YoY Change	-185.9%	-4.84%	-221.84%
% of Operating Profit
Other Income/Expense, Net	-$5.483K	$4.110K	$19.78K
YoY Change	118.27%	3061.54%	-195.87%
Pretax Income	-$777.6K	-$2.513M	-$4.175M
YoY Change	83.71%	-38.09%	111.89%
Income Tax	$90.00	$1.850K	$96.45K
% Of Pretax Income
Net Earnings	-$729.5K	-$2.462M	-$4.047M
YoY Change	88.58%	-33.36%	108.3%
Net Earnings / Revenue	-295.26%	-587.72%	-95.52%
Basic Earnings Per Share	-$0.05		-$0.26
Diluted Earnings Per Share	-$0.05	-$0.16	-$0.26
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	2024 Q2	2023 Q4	2023
SHORT-TERM ASSETS
Cash & Short-Term Investments	$7.410K	$288.3K	$288.3K
YoY Change	-90.24%	73.98%	73.98%
Cash & Equivalents	$7.410K	$288.3K	$288.3K
Short-Term Investments
Other Short-Term Assets	$4.152K	$3.998M	$3.998M
YoY Change	-40.64%	86232.97%	32.98%
Inventory	$34.55K	$32.59K	$32.59K
Prepaid Expenses	$3.750M	$3.996M
Receivables	$2.156M	$764.3K	$764.3K
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$3.652M	$5.083M	$5.083M
YoY Change	-46.23%	-26.02%	-26.02%
LONG-TERM ASSETS
Property, Plant & Equipment	$65.54K	$395.9K	$395.9K
YoY Change	-41.72%	304.42%	-15.84%
Goodwill
YoY Change
Intangibles	$46.36K	$151.6K
YoY Change	-81.61%	-59.12%
Long-Term Investments
YoY Change
Other Assets	$604.0K	$618.5K	$618.5K
YoY Change	-10.33%	-44.84%	-44.84%
Total Long-Term Assets	$943.0K	$1.166M	$1.166M
YoY Change	-47.11%	-51.76%	-51.76%
TOTAL ASSETS
Total Short-Term Assets	$3.652M	$5.083M	$5.083M
Total Long-Term Assets	$943.0K	$1.166M	$1.166M
Total Assets	$4.595M	$6.249M	$6.249M
YoY Change	-46.41%	-32.72%	-32.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$518.1K	$1.211M	$1.211M
YoY Change	-25.14%	75.86%	1.69%
Accrued Expenses	$756.9K	$136.6K	$136.6K
YoY Change	36.86%	-72.81%	7.72%
Deferred Revenue	$1.338M	$1.364M
YoY Change	1046.09%	879.13%
Short-Term Debt	$420.6K	$0.00	$0.00
YoY Change	-12.95%	-100.0%	-100.0%
Long-Term Debt Due	$420.6K	$458.0K	$458.0K
YoY Change	-12.95%	8.37%
Total Short-Term Liabilities	$4.153M	$3.852M	$3.852M
YoY Change	51.63%	55.03%	55.03%
LONG-TERM LIABILITIES
Long-Term Debt	$218.0K	$212.0K	$212.0K
YoY Change	370.33%	262.85%	262.83%
Other Long-Term Liabilities	$108.3K	$194.4K	$194.4K
YoY Change	-46.06%	-20.67%	-20.67%
Total Long-Term Liabilities	$218.0K	$406.4K	$406.4K
YoY Change	370.33%	595.44%	33.93%
TOTAL LIABILITIES
Total Short-Term Liabilities	$4.153M	$3.852M	$3.852M
Total Long-Term Liabilities	$218.0K	$406.4K	$406.4K
Total Liabilities	$4.479M	$4.129M	$4.129M
YoY Change	50.01%	48.11%	42.58%
SHAREHOLDERS EQUITY
Retained Earnings	-$10.28M	-$8.551M
YoY Change	106.42%	89.84%
Common Stock	$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	$297.3K	$2.120M	$2.120M
YoY Change
Total Liabilities & Shareholders Equity	$4.595M	$6.249M	$6.249M
YoY Change	-46.41%	-32.72%	-32.72%

Cashflow Statement

Concept	2024 Q2	2023 Q4	2023
OPERATING ACTIVITIES
Net Income	-$729.5K	-$2.462M	-$4.047M
YoY Change	88.58%	-33.36%	108.3%
Depreciation, Depletion And Amortization	$57.85K	$60.06K	$243.9K
YoY Change	-4.21%	-70.58%	-71.41%
Cash From Operating Activities	$15.36K	$93.73K	-$179.2K
YoY Change	-82.76%	-325.8%	-2687.12%
INVESTING ACTIVITIES
Capital Expenditures		-$610.00	$4.880K
YoY Change		-106.03%	87.76%
Acquisitions
YoY Change
Other Investing Activities	$0.00
YoY Change
Cash From Investing Activities	$0.00	$610.00	-$4.880K
YoY Change	-100.0%	-106.03%	-51.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	61.35K	75.27K	236.6K
YoY Change	420.8%	-279.73%	257.85%
NET CHANGE
Cash From Operating Activities	15.36K	93.73K	-179.2K
Cash From Investing Activities	0.000	610.0	-4.880K
Cash From Financing Activities	61.35K	75.27K	236.6K
Net Change In Cash	76.71K	169.6K	52.52K
YoY Change	-20.16%	-281.4%	23.51%
FREE CASH FLOW
Cash From Operating Activities	$15.36K	$93.73K	-$179.2K
Capital Expenditures		-$610.00	$4.880K
Free Cash Flow		$94.34K	-$184.1K
YoY Change		-282.76%	-4353.47%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2023	FVTI	Proceeds From Third Party ProceedsFromThirdParty		usd
CY2023	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt		usd
CY2023	FVTI	Expense Paid By Related Parties On Behalf Of Company ExpensePaidByRelatedPartiesOnBehalfOfCompany		usd
CY2022	FVTI	Remeasurement Of Operating Lease Obligation And Rightofuse Asset Due To Lease Modification RemeasurementOfOperatingLeaseObligationAndRightofuseAssetDueToLeaseModification		usd
CY2022	FVTI	Liabilities Assumed In Connection With Purchase Of Property And Equipment LiabilitiesAssumedInConnectionWithPurchaseOfPropertyAndEquipment		usd
CY2022Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable		usd
CY2022	FVTI	Allowance For Doubtful Accounts Additions AllowanceForDoubtfulAccountsAdditions		usd
CY2023Q4	us-gaap	Goodwill Goodwill		usd
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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
CY2023	us-gaap	Impairment Of Intangible Assets Excluding Goodwill ImpairmentOfIntangibleAssetsExcludingGoodwill		usd
CY2023Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards		usd
CY2022Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards		usd
CY2023Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet		usd
CY2022Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet		usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive		usd
CY2023	dei	Document Annual Report DocumentAnnualReport	true
CY2023	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2023Q4	us-gaap	Liabilities Current LiabilitiesCurrent	3851925	usd
CY2022Q4	us-gaap	Liabilities Current LiabilitiesCurrent	2484582	usd
CY2023Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	212042	usd
CY2022Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	58438	usd
CY2023Q4	us-gaap	Liabilities Liabilities	4258331	usd
CY2022Q4	us-gaap	Liabilities Liabilities	2788033	usd
CY2023	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2023	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2023	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2023	dei	Entity Small Business EntitySmallBusiness	true
CY2023	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2023	dei	Icfr Auditor Attestation Flag IcfrAuditorAttestationFlag	false
CY2023	dei	Document Fin Stmt Error Correction Flag DocumentFinStmtErrorCorrectionFlag	false
CY2023	dei	Entity Shell Company EntityShellCompany	false
CY2023Q2	dei	Entity Public Float EntityPublicFloat	8580000	usd
CY2024Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	15655038	shares
CY2023	dei	Auditor Firm AuditorFirmId	6781
CY2022	dei	Auditor Firm AuditorFirmId	206
CY2023	dei	Auditor Name AuditorName	YCM CPA, Inc
CY2023	dei	Auditor Location AuditorLocation	Irvine, California
CY2022	dei	Auditor Name AuditorName	MaloneBailey, LLP
CY2022	dei	Auditor Location AuditorLocation	Shenzhen, China
CY2023Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	288255	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	165685	usd
CY2023Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	3118892	usd
CY2022Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	4797564	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	32587	usd
CY2022Q4	us-gaap	Inventory Net InventoryNet	148925	usd
CY2023Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	1643455	usd
CY2022Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	1758917	usd
CY2023Q4	us-gaap	Assets Current AssetsCurrent	5083189	usd
CY2022Q4	us-gaap	Assets Current AssetsCurrent	6871091	usd
CY2023Q4	FVTI	Related Party Deposit Assets RelatedPartyDepositAssets	536450	usd
CY2022Q4	FVTI	Related Party Deposit Assets RelatedPartyDepositAssets	758445	usd
CY2023Q4	us-gaap	Deposits Assets Noncurrent DepositsAssetsNoncurrent	618456	usd
CY2022Q4	us-gaap	Deposits Assets Noncurrent DepositsAssetsNoncurrent	1121302	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	83706	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	97890	usd
CY2023Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	151639	usd
CY2022Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	370926	usd
CY2022Q4	us-gaap	Goodwill Goodwill	454201	usd
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CY2023Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	627457	usd
CY2022Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	502389	usd
CY2023Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	458023	usd
CY2022Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	422653	usd
CY2023Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	1453	usd
CY2022Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	38879	usd
CY2023Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	1364260	usd
CY2022Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	139334	usd
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	15655038	shares
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	15655038	shares
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	150000000	shares
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	150000000	shares
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CY2023Q4	us-gaap	Common Stock Value CommonStockValue	15655	usd
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	15655	usd
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CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-8551019	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-4504404	usd
CY2023Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-406190	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
CY2023Q4	us-gaap	Minority Interest MinorityInterest	-128841	usd
CY2022Q4	us-gaap	Minority Interest MinorityInterest	108251	usd
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CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	9287942	usd
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CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	6499909	usd
CY2023	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-237872	usd
CY2023	us-gaap	Profit Loss ProfitLoss	-4271199	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1990838	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1990838	usd
CY2023	us-gaap	Profit Loss ProfitLoss	-4271199	usd
CY2022	us-gaap	Profit Loss ProfitLoss	-2156679	usd
CY2023	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	243865	usd
CY2022	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	852883	usd
CY2023	FVTI	Noncash Lease Expense NoncashLeaseExpense	50693	usd
CY2022	FVTI	Noncash Lease Expense NoncashLeaseExpense	172314	usd
CY2023	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	3355805	usd
CY2022	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	2564686	usd
CY2022	us-gaap	Impairment Of Intangible Assets Indefinitelived Excluding Goodwill ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill	979428	usd
CY2023	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	444012	usd
CY2022	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	863833	usd
CY2022	us-gaap	Increase Decrease In Due From Related Parties IncreaseDecreaseInDueFromRelatedParties	-24958	usd
CY2023	us-gaap	Increase Decrease In Deposit Other Assets IncreaseDecreaseInDepositOtherAssets	9688	usd
CY2022	us-gaap	Increase Decrease In Deposit Other Assets IncreaseDecreaseInDepositOtherAssets	251545	usd
CY2023	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	-87046	usd
CY2022	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	482213	usd
CY2023	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	-77006	usd
CY2022	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	-162018	usd
CY2023	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	1233751	usd
CY2022	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-218717	usd
CY2023	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	136250	usd
CY2022	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	531332	usd
CY2023	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-36548	usd
CY2022	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	15660	usd
CY2023	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-31137	usd
CY2022	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-163815	usd
CY2023	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-179210	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	6927	usd
CY2022	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	7511	usd
CY2023	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	4879	usd
CY2022	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2599	usd
CY2023	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-4879	usd
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-10110	usd
CY2023	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	-6084	usd
CY2022	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	148606	usd
CY2023	us-gaap	Proceeds From Bank Debt ProceedsFromBankDebt	375009	usd
CY2022	us-gaap	Proceeds From Bank Debt ProceedsFromBankDebt	135499	usd
CY2022	FVTI	Proceeds From Third Party ProceedsFromThirdParty	80338	usd
CY2022	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	154510	usd
CY2023	us-gaap	Repayments Of Bank Debt RepaymentsOfBankDebt	100768	usd
CY2022	us-gaap	Repayments Of Bank Debt RepaymentsOfBankDebt	61184	usd
CY2023	FVTI	Repayments To Third Party RepaymentsToThirdParty	31552	usd
CY2022	FVTI	Repayments To Third Party RepaymentsToThirdParty	82629	usd
CY2023	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	236605	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	66120	usd
CY2023	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	70054	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
CY2023	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	122570	usd
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	42522	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
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	288255	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	165685	usd
CY2023	us-gaap	Interest Paid Net InterestPaidNet	38389	usd
CY2022	us-gaap	Interest Paid Net InterestPaidNet	31444	usd
CY2023	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	178966	usd
CY2022	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	166516	usd
CY2022	FVTI	Expense Paid By Related Parties On Behalf Of Company ExpensePaidByRelatedPartiesOnBehalfOfCompany	135774	usd
CY2023	FVTI	Remeasurement Of Operating Lease Obligation And Rightofuse Asset Due To Lease Modification RemeasurementOfOperatingLeaseObligationAndRightofuseAssetDueToLeaseModification	32875	usd
CY2023	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	123829	usd
CY2022	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	94285	usd
CY2023	FVTI	Liabilities Assumed In Connection With Purchase Of Property And Equipment LiabilitiesAssumedInConnectionWithPurchaseOfPropertyAndEquipment	27611	usd
CY2023Q4	FVTI	Working Capital WorkingCapital	1231264	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-8551019	usd
CY2023	us-gaap	Profit Loss ProfitLoss	-4271199	usd
CY2023	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-179210	usd
CY2023	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_847_eus-gaap--UseOfEstimates_zQUfkAUjDfr9" 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"><b><i><span id="xdx_865_zWoGP64v2tl5">Use of estimates</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><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 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: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	1718960	usd
CY2023	FVTI	Allowance For Doubtful Accounts Additions AllowanceForDoubtfulAccountsAdditions	1726142	usd
CY2022	us-gaap	Impairment Of Intangible Assets Excluding Goodwill ImpairmentOfIntangibleAssetsExcludingGoodwill	979428	usd
CY2023	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	444012	usd
CY2022	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	863833	usd
CY2023	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	4236565	usd
CY2022	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	9234079	usd
CY2023Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	1364260	usd
CY2022Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	139334	usd
CY2023	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	79685	usd
CY2022	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	332806	usd
CY2023	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	57422	usd
CY2022	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	61047	usd
CY2023	FVTI	Value Added Tax ValueAddedTax	0.13	pure
CY2023Q4	FVTI	Statutory Reserves StatutoryReserves	1204787	usd
CY2022Q4	FVTI	Statutory Reserves StatutoryReserves	1047959	usd
CY2023	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p id="xdx_840_eus-gaap--ConcentrationRiskCreditRisk_zXlNvUnxkmGh" 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; background-color: white"><b><i><span id="xdx_86A_zvcuzEsYF6U6">Significant risk</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><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; background-color: white"><i>Currency risk</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><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; 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 0pt 0pt 0"><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; 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_904_eus-gaap--CashFDICInsuredAmount_iI_pp0p0_uCNY_c20231231__us-gaap--CreditFacilityAxis__custom--ChinaDepositInsuranceSystemMember__srt--RangeAxis__srt--MaximumMember_zoAhno5TaL4d" 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 0pt 0pt 0"><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; 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 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; background-color: white"><i>Concentration and credit risk</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><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; 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 0pt 0pt 0"><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; 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, 2023 and 2022, no customer accounted for more than <span id="xdx_906_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20230101__20231231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--NoCustomerMember_zAUliEPRTBn5" title="Concentration risk percentage"><span id="xdx_905_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20220101__20221231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--NoCustomerMember_zSXIzKIYFR8a" title="Concentration risk percentage">10</span></span>% of the Company’s total revenues or accounts receivable. For the year ended December 31, 2023 and 2022, the Company had three and two suppliers that accounted for more than <span id="xdx_90A_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20230101__20231231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--ThreeSuppliersMember_zhSEdsWS6QWh">10</span>% of the Company’s accounts payable and two suppliers that accounted for more than <span id="xdx_908_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20220101__20221231__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--TwoSuppliersMember_zrpbZ1XT7Yv8" title="Concentration risk percentage">10</span>% of the Company’s total purchases, respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><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"><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; background-color: white"><i>Interest rate risk</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><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; 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	3995750	usd
CY2022Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	3001866	usd
CY2023Q4	us-gaap	Other Assets Current OtherAssetsCurrent	2330	usd
CY2022Q4	us-gaap	Other Assets Current OtherAssetsCurrent	4631	usd
CY2023Q4	FVTI	Prepaid Expense And Other Assets Current Gross PrepaidExpenseAndOtherAssetsCurrentGross	3998080	usd
CY2023Q4	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	4837852	usd
CY2022Q4	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	4797564	usd
CY2023Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	1718960	usd
CY2023Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	3118892	usd
CY2022Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	4797564	usd
CY2023	FVTI	Allowance For Doubtful Accounts Additions AllowanceForDoubtfulAccountsAdditions	1726142	usd
CY2023	FVTI	Allowance For Doubtful Accounts Foreign Currency Translation Adjustment AllowanceForDoubtfulAccountsForeignCurrencyTranslationAdjustment	-7182	usd
CY2023Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	1718960	usd
CY2022Q4	FVTI	Prepaid Expense And Other Assets Current Gross PrepaidExpenseAndOtherAssetsCurrentGross	3006497	usd
CY2023Q4	FVTI	Prepaid Assets Allowance For Doubtful Accounts Current PrepaidAssetsAllowanceForDoubtfulAccountsCurrent	2354625	usd
CY2022Q4	FVTI	Prepaid Assets Allowance For Doubtful Accounts Current PrepaidAssetsAllowanceForDoubtfulAccountsCurrent	1247580	usd
CY2023Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	1643455	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
CY2023	FVTI	Prepaid Assets Allowance For Doubtful Accounts Additions PrepaidAssetsAllowanceForDoubtfulAccountsAdditions	1169058	usd
CY2022	FVTI	Prepaid Assets Allowance For Doubtful Accounts Additions PrepaidAssetsAllowanceForDoubtfulAccountsAdditions	1284005	usd
CY2023	FVTI	Prepaid Assets Allowance For Doubtful Accounts Foreign Currency Translation Adjustment PrepaidAssetsAllowanceForDoubtfulAccountsForeignCurrencyTranslationAdjustment	-62013	usd
CY2022	FVTI	Prepaid Assets Allowance For Doubtful Accounts Foreign Currency Translation Adjustment PrepaidAssetsAllowanceForDoubtfulAccountsForeignCurrencyTranslationAdjustment	-36425	usd
CY2023Q4	FVTI	Prepaid Assets Allowance For Doubtful Accounts Current PrepaidAssetsAllowanceForDoubtfulAccountsCurrent	2354625	usd
CY2022Q4	FVTI	Prepaid Assets Allowance For Doubtful Accounts Current PrepaidAssetsAllowanceForDoubtfulAccountsCurrent	1247580	usd
CY2023Q4	FVTI	Deposits Assets Noncurrent Gross DepositsAssetsNoncurrentGross	2312622	usd
CY2022Q4	FVTI	Deposits Assets Noncurrent Gross DepositsAssetsNoncurrentGross	2365652	usd
CY2023Q4	FVTI	Deposits Assets Allowance For Doubtful Accounts DepositsAssetsAllowanceForDoubtfulAccounts	1694166	usd
CY2022Q4	FVTI	Deposits Assets Allowance For Doubtful Accounts DepositsAssetsAllowanceForDoubtfulAccounts	1244350	usd
CY2023Q4	us-gaap	Deposits Assets Noncurrent DepositsAssetsNoncurrent	618456	usd
CY2022Q4	us-gaap	Deposits Assets Noncurrent DepositsAssetsNoncurrent	1121302	usd
CY2022Q4	FVTI	Deposits Assets Allowance For Doubtful Accounts DepositsAssetsAllowanceForDoubtfulAccounts	1244350	usd
CY2023	FVTI	Deposits Paid Allowance For Doubtful Accounts Additions DepositsPaidAllowanceForDoubtfulAccountsAdditions	484800	usd
CY2022	FVTI	Deposits Paid Allowance For Doubtful Accounts Additions DepositsPaidAllowanceForDoubtfulAccountsAdditions	1280681	usd
CY2023	FVTI	Deposits Paid Allowance For Doubtful Accounts Foreign Currency Translation Adjustment DepositsPaidAllowanceForDoubtfulAccountsForeignCurrencyTranslationAdjustment	-34984	usd
CY2022	FVTI	Deposits Paid Allowance For Doubtful Accounts Foreign Currency Translation Adjustment DepositsPaidAllowanceForDoubtfulAccountsForeignCurrencyTranslationAdjustment	-36331	usd
CY2023Q4	FVTI	Deposits Assets Allowance For Doubtful Accounts DepositsAssetsAllowanceForDoubtfulAccounts	1694166	usd
CY2022Q4	FVTI	Deposits Assets Allowance For Doubtful Accounts DepositsAssetsAllowanceForDoubtfulAccounts	1244350	usd
CY2023Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	253113	usd
CY2022Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	242906	usd
CY2023Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	169407	usd
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	145016	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	83706	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	97890	usd
CY2023	us-gaap	Depreciation Depreciation	34332	usd
CY2022	us-gaap	Depreciation Depreciation	46344	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	3060630	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	3145444	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	1982560	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	1822875	usd
CY2023Q4	FVTI	Finite Lived Intangible Assets Impairment Loss FiniteLivedIntangibleAssetsImpairmentLoss	926431	usd
CY2022Q4	FVTI	Finite Lived Intangible Assets Impairment Loss FiniteLivedIntangibleAssetsImpairmentLoss	951643	usd
CY2023Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	151639	usd
CY2022Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	370926	usd
CY2023	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	209533	usd
CY2022	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	806539	usd
CY2023	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210	pure
CY2022	us-gaap	Impairment Of Intangible Assets Excluding Goodwill ImpairmentOfIntangibleAssetsExcludingGoodwill	979428	usd
CY2022	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210	pure
CY2023	us-gaap	Effective Income Tax Rate Reconciliation Deductions EffectiveIncomeTaxRateReconciliationDeductions	0.003	pure
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	140523	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	5086	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	5086	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	944	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	151639	usd
CY2023	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21	pure
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	96445	usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	186480	usd
CY2023	us-gaap	Income Tax Reconciliation Minority Interest Income Expense IncomeTaxReconciliationMinorityInterestIncomeExpense	-4271199	usd
CY2022	us-gaap	Income Tax Reconciliation Minority Interest Income Expense IncomeTaxReconciliationMinorityInterestIncomeExpense	-1970199	usd
CY2022	us-gaap	Effective Income Tax Rate Reconciliation Deductions EffectiveIncomeTaxRateReconciliationDeductions	0.093	pure
CY2023	FVTI	Prc Tax Exemption For Qualified Smallscale And Lowprofit Enterprises PrcTaxExemptionForQualifiedSmallscaleAndLowprofitEnterprises	0.062	pure
CY2022	FVTI	Prc Tax Exemption For Qualified Smallscale And Lowprofit Enterprises PrcTaxExemptionForQualifiedSmallscaleAndLowprofitEnterprises	0.525	pure
CY2023	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	0.009	pure
CY2022	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	-0.031	pure
CY2023	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses	0.155	pure
CY2022	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses	-0.282	pure
CY2023	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense Other EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther	0.163	pure
CY2022	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense Other EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther	0.273	pure
CY2023	us-gaap	Effective Income Tax Rate Reconciliation Gilti Percent EffectiveIncomeTaxRateReconciliationGiltiPercent	0.016	pure
CY2022	us-gaap	Effective Income Tax Rate Reconciliation Gilti Percent EffectiveIncomeTaxRateReconciliationGiltiPercent	0.107	pure
CY2023	us-gaap	Effective Income Tax Rate Reconciliation Other Reconciling Items Percent EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent	-0.002	pure
CY2022	us-gaap	Effective Income Tax Rate Reconciliation Other Reconciling Items Percent EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent	-0.044	pure
CY2023	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.252	pure
CY2022	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.095	pure
CY2023Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	39207	usd
CY2022Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	61762	usd
CY2023Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	39207	usd
CY2022Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	61762	usd
CY2023	us-gaap	Revenues Revenues	88684	usd
CY2022	us-gaap	Revenues Revenues	238824	usd
CY2023	us-gaap	Related Party Transaction Purchases From Related Party RelatedPartyTransactionPurchasesFromRelatedParty	598457	usd
CY2022	us-gaap	Related Party Transaction Purchases From Related Party RelatedPartyTransactionPurchasesFromRelatedParty	1309549	usd
CY2023	us-gaap	Lessee Operating Lease Description LesseeOperatingLeaseDescription	the Company has twenty-one separate operating lease agreements for three office spaces, one warehouse and seventeen stores in PRC with remaining lease terms of from 6 months to 40 months
CY2023	us-gaap	Operating Lease Payments OperatingLeasePayments	147001	usd
CY2022	us-gaap	Operating Lease Payments OperatingLeasePayments	172425	usd
CY2023Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P2Y3M29D
CY2022Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P3Y1M9D
CY2023Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0323	pure
CY2022Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0323	pure
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	142417	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	129968	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	64206	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	5636	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	342227	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	11244	usd
CY2023Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	330983	usd
CY2023	us-gaap	Operating Lease Expense OperatingLeaseExpense	137102	usd
CY2022	us-gaap	Operating Lease Expense OperatingLeaseExpense	171540	usd
CY2023Q4	us-gaap	Long Term Debt LongTermDebt	670065	usd
CY2022Q4	us-gaap	Long Term Debt LongTermDebt	481091	usd
CY2023Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	458023	usd
CY2022Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	422653	usd
CY2023Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	212042	usd
CY2022Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	58438	usd
CY2023	us-gaap	Interest Expense Debt InterestExpenseDebt	38389	usd
CY2022	us-gaap	Interest Expense Debt InterestExpenseDebt	31444	usd
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	367178	usd
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	140507	usd
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	154144	usd
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	5066	usd
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	3170	usd
CY2023Q4	us-gaap	Long Term Debt LongTermDebt	670065	usd
CY2021Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2021Q4	us-gaap	Stockholders Equity Reverse Stock Split StockholdersEquityReverseStockSplit	ratio of 1-for-20
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 Issued CommonStockSharesIssued	15655038	shares
CY2023Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001

Files In Submission

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$FVTI
Fortune Valley Treasures, Inc. Stock $fvti

2024 Q2 Form 10-K Financial Statement

#000149315224014607 Filed on April 15, 2024

Income Statement

Balance Sheet

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Facts In Submission

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$FVTI Fortune Valley Treasures, Inc. Stock $fvti

2024 Q2 Form 10-K Financial Statement

#000149315224014607 Filed on April 15, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FVTI
Fortune Valley Treasures, Inc. Stock $fvti