Future FinTech Group Inc. (FTFT) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
AMERICAS TOWER, 1177 AVENUE OF THE AMERI NEW YORK, NY 10036 |
| State of Incorp. | FL |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7389 - Business Services, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 20,741 | 27,134 | 2,191 | 9,788 | 539 | 254 | |||
| Cash and cash equivalent | 19,782 | 26,146 | 9,788 | 539 | 254 | ||||
| Short-term investments | 959 | 988 | 2,191 | ||||||
| Restricted cash and investments | 3,590 | ||||||||
| Receivables | 15,754 | 10,499 | 11,328 | 82 | 12 | 23,847 | |||
| Inventory, net of allowances, customer advances and progress billings | 518 | 73 | 4 | 63 | |||||
| Inventory | 518 | 73 | 4 | 63 | |||||
| Prepaid expense | 30 | ||||||||
| Disposal group, including discontinued operation | 0 | 35 | 92,773 | ||||||
| Other current assets | 4,670 | 2,928 | 259 | 1,669 | |||||
| Other undisclosed current assets | 17,965 | 18,639 | 56,200 | 5,356 | (0) | ||||
| Total current assets: | 54,490 | 65,050 | 72,721 | 15,520 | 94,997 | 24,164 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,282 | 1,056 | 113 | 291 | ✕ | ||||
| Property, plant and equipment | 4,579 | 4,417 | 3,163 | 17 | 18 | 2,336 | |||
| Long-term investments and receivables | 63 | 13,800 | 15,000 | ||||||
| Due from related parties | ✕ | ✕ | 63 | 1,550 | |||||
| Long-term investments | 12,250 | 15,000 | |||||||
| Intangible assets, net (including goodwill) | 589 | 14,494 | 15,660 | 41 | 5,313 | 21,446 | |||
| Goodwill | 13,976 | 15,584 | |||||||
| Intangible assets, net (excluding goodwill) | 589 | 518 | 76 | 41 | 5,313 | 21,446 | |||
| Other undisclosed noncurrent assets | 1,853 | 0 | |||||||
| Total noncurrent assets: | 6,450 | 19,967 | 18,936 | 412 | 20,984 | 38,782 | |||
| TOTAL ASSETS: | 60,941 | 85,018 | 91,657 | 15,932 | 115,981 | 62,947 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 5,711 | 2,214 | 1,299 | 2,300 | 4,868 | 110,185 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 63 | |||||
| Taxes payable | ✕ | ✕ | ✕ | 591 | 173 | ||||
| Employee-related liabilities | ✕ | ✕ | ✕ | 272 | 290 | ||||
| Accounts payable | 3,320 | 3,604 | 0 | 250 | 320 | 11,054 | |||
| Accrued liabilities | 2,391 | 2,214 | 1,299 | 2,300 | 4,547 | 99,131 | |||
| Other undisclosed accounts payable and accrued liabilities | (3,604) | (926) | (714) | ||||||
| Deferred revenue | ✕ | ||||||||
| Debt | 1,101 | 761 | 2,039 | 111 | 958 | 5,828 | |||
| Derivative instruments and hedges, liabilities | 7,388 | ||||||||
| Restructuring reserve | 61 | ||||||||
| Disposal group, including discontinued operation | 866 | 196,262 | |||||||
| Other liabilities | 1,236 | 3 | 29 | ||||||
| Due to related parties | ✕ | ✕ | 245 | 993 | 1,160 | ||||
| Other undisclosed current liabilities | 10,917 | 6,727 | 2,836 | 1,879 | 702 | 0 | |||
| Total current liabilities: | 17,728 | 18,571 | 7,231 | 5,184 | 202,790 | 117,174 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 188 | 111 | 32,451 | ||||||
| Long-term debt, excluding current maturities | 188 | 32,451 | |||||||
| Liabilities, other than long-term debt | 797 | 761 | 3,384 | 1,906 | |||||
| Deferred income tax liabilities | 3,384 | ✕ | |||||||
| Due to related parties | ✕ | ✕ | 1,906 | ||||||
| Operating lease, liability | 797 | 761 | 111 | ✕ | |||||
| Other undisclosed noncurrent liabilities | 1,268 | ||||||||
| Total noncurrent liabilities: | 797 | 761 | 3,572 | 2,016 | 1,268 | 32,451 | |||
| Total liabilities: | 18,526 | 19,332 | 10,803 | 7,201 | 204,058 | 149,624 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 43,983 | 66,965 | 81,445 | 8,779 | (92,439) | (91,288) | |||
| Common stock | 18 | 15 | 70 | 50 | 34 | 31 | |||
| Additional paid in capital | 233,891 | 222,752 | 220,523 | 133,511 | 107,853 | 105,737 | |||
| Accumulated other comprehensive income (loss) | (4,094) | (3,623) | (598) | (398) | 12,989 | (8,962) | |||
| Accumulated deficit | (185,930) | (152,276) | (138,612) | (124,384) | (213,315) | (188,086) | |||
| Other undisclosed equity, attributable to parent | 98 | 98 | 61 | (9) | |||||
| Equity, attributable to noncontrolling interest | (1,568) | (1,280) | (591) | (47) | 4,361 | 4,601 | |||
| Other undisclosed equity | 9 | ||||||||
| Total equity: | 42,415 | 65,686 | 80,854 | 8,731 | (88,077) | (86,678) | |||
| TOTAL LIABILITIES AND EQUITY: | 60,941 | 85,018 | 91,657 | 15,932 | 115,981 | 62,947 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 34,866 | 23,881 | 25,051 | 371 | 955 | 889 | ||
| Other operating income | 34,400 | 14,320 | ||||||
| Cost of revenue | (23,249) | (35) | (464) | (975) | ||||
| Cost of product and service sold | (23,249) | (35) | (464) | (975) | ||||
| Other undisclosed gross profit | (29,978) | (18,486) | ||||||
| Gross profit: | 4,888 | 5,395 | 1,802 | 335 | 491 | (86) | ||
| Operating expenses | (29,310) | (22,509) | (15,010) | (15,353) | (13,427) | (190,430) | ||
| Other undisclosed operating loss | (0) | |||||||
| Operating loss: | (24,422) | (17,114) | (13,209) | (15,018) | (12,936) | (190,517) | ||
| Nonoperating income (expense) | (9,978) | 3,314 | 1,465 | (15,002) | (749) | 765 | ||
| Investment income, nonoperating | 1,344 | (520) | (1,623) | |||||
| Other nonoperating income (expense) | (11,322) | 2,015 | 1,203 | 1 | (229) | 2,388 | ||
| Interest and debt expense | (12) | (15) | (2,599) | |||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 12 | 2,599 | ||||||
| Loss from continuing operations before equity method investments, income taxes: | (34,400) | (13,799) | (11,758) | (30,020) | (13,685) | (189,752) | ||
| Loss from equity method investments | (457) | |||||||
| Other undisclosed income from continuing operations before income taxes | 15 | |||||||
| Loss from continuing operations before income taxes: | (34,400) | (14,256) | (11,744) | (30,020) | (13,685) | (189,752) | ||
| Income tax expense | (3) | (61) | (73) | (0) | ||||
| Loss from continuing operations: | (34,402) | (14,316) | (11,817) | (30,020) | (13,685) | (189,752) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (11,817) | (30,498) | (25,393) | (189,752) | |
| Loss from discontinued operations | (0) | (478) | (11,707) | |||||
| Other undisclosed net income (loss) | 386 | (2,389) | 119,428 | (1,682) | 19,755 | |||
| Net income (loss): | (34,016) | (14,316) | (14,206) | 88,930 | (27,074) | (169,997) | ||
| Net income attributable to noncontrolling interest | 363 | 689 | ||||||
| Other undisclosed net income attributable to parent | 13,648 | 28,412 | 1,845 | |||||
| Net income (loss) attributable to parent: | (33,653) | 20 | 14,206 | 88,930 | (25,229) | (169,997) | ||
| Other undisclosed net income (loss) available to common stockholders, basic | (14,337) | 174,010 | ||||||
| Net income (loss) available to common stockholders, diluted: | (33,653) | (14,316) | 14,206 | 88,930 | (25,229) | 4,013 | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (34,016) | (14,316) | (14,206) | 88,930 | (27,074) | (169,997) | ||
| Other comprehensive income (loss) | (386) | |||||||
| Other undisclosed comprehensive income (loss) | (85) | (3,025) | (200) | (13,387) | 23,557 | 69,409 | ||
| Comprehensive income (loss): | (34,487) | (17,342) | (14,406) | 75,543 | (3,518) | (100,588) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 363 | 689 | 611 | 240 | ||||
| Other undisclosed comprehensive income, net of tax, attributable to parent | ||||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (34,124) | (16,653) | (13,795) | 75,543 | (3,278) | (100,588) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.