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 investments20,74127,1342,1919,788539254
Cash and cash equivalent19,78226,146 9,788539254
Short-term investments9599882,191   
Restricted cash and investments  3,590    
Receivables15,75410,49911,328821223,847
Inventory, net of allowances, customer advances and progress billings  51873 463
Inventory  51873 463
Prepaid expense30     
Disposal group, including discontinued operation   03592,773 
Other current assets  4,6702,9282591,669 
Other undisclosed current assets17,96518,63956,2005,356 (0)
Total current assets:54,49065,05072,72115,52094,99724,164
Noncurrent Assets
Operating lease, right-of-use asset1,2821,056113291 
Property, plant and equipment4,5794,4173,16317182,336
Long-term investments and receivables    6313,80015,000
Due from related parties  631,550 
Long-term investments     12,25015,000
Intangible assets, net (including goodwill)58914,49415,660415,31321,446
Goodwill  13,97615,584   
Intangible assets, net (excluding goodwill)58951876415,31321,446
Other undisclosed noncurrent assets    1,8530
Total noncurrent assets:6,45019,96718,93641220,98438,782
TOTAL ASSETS:60,94185,01891,65715,932115,98162,947
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:5,7112,2141,2992,3004,868110,185
Interest and dividends payable63   
Taxes payable591173  
Employee-related liabilities272290  
Accounts payable3,3203,604025032011,054
Accrued liabilities2,3912,2141,2992,3004,54799,131
Other undisclosed accounts payable and accrued liabilities  (3,604)(926)(714)  
Deferred revenue     
Debt1,1017612,0391119585,828
Derivative instruments and hedges, liabilities  7,388    
Restructuring reserve   61   
Disposal group, including discontinued operation    866196,262 
Other liabilities  1,236329  
Due to related parties245993  1,160
Other undisclosed current liabilities10,9176,7272,8361,8797020
Total current liabilities:17,72818,5717,2315,184202,790117,174
Noncurrent Liabilities
Long-term debt and lease obligation   188111 32,451
Long-term debt, excluding current maturities   188  32,451
Liabilities, other than long-term debt7977613,3841,906  
Deferred income tax liabilities   3,384  
Due to related parties  1,906  
Operating lease, liability797761 111 
Other undisclosed noncurrent liabilities     1,268 
Total noncurrent liabilities:7977613,5722,0161,26832,451
Total liabilities:18,52619,33210,8037,201204,058149,624
Equity
Equity, attributable to parent, including:43,98366,96581,4458,779(92,439)(91,288)
Common stock181570503431
Additional paid in capital233,891222,752220,523133,511107,853105,737
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 parent989861  (9)
Equity, attributable to noncontrolling interest(1,568)(1,280)(591)(47)4,3614,601
Other undisclosed equity      9
Total equity:42,41565,68680,8548,731(88,077)(86,678)
TOTAL LIABILITIES AND EQUITY:60,94185,01891,65715,932115,98162,947

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
Revenues34,86623,88125,051371955889
Other operating income 34,40014,320    
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:4,8885,3951,802335491(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)3,3141,465(15,002)(749)765
Investment income, nonoperating1,344   (520)(1,623)
Other nonoperating income (expense)(11,322)2,0151,2031(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 363689    
Other undisclosed net income attributable to parent 13,64828,412 1,845 
Net income (loss) attributable to parent:(33,653)2014,20688,930(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)14,20688,930(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)23,55769,409
Comprehensive income (loss):(34,487)(17,342)(14,406)75,543(3,518)(100,588)
Comprehensive income, net of tax, attributable to noncontrolling interest 363689611 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.

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