Future FinTech Group Inc. (FTFT) financial statements (2021 and earlier)

Company profile

Business Address ROOM 2103, 21ST FLOOR, SK TOWER 6A
BEIJING, 100022
State of Incorp. FL
Fiscal Year End December 31
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments110100
Cash and cash equivalents110100
Receivables00(16)02020
Inventory, net of allowances, customer advances and progress billings000000
Inventory000000
Disposal group, including discontinued operation5  93  
Other current assets002200
Other undisclosed current assets5016   
Total current assets:1212952020
Noncurrent Assets
Operating lease, right-of-use asset0     
Property, plant and equipment000012
Long-term investments and receivables151515141515
Long-term investments121212121515
Due from related parties3332  
Intangible assets, net (including goodwill)27552829
Intangible assets, net (excluding goodwill)27552829
Other undisclosed noncurrent assets   2  
Total noncurrent assets:182221214446
TOTAL ASSETS:2923231166566
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2315101103
Accounts payable00001212
Accrued liabilities13158990
Debt235176
Due to related parties 01 11
Disposal group, including discontinued operation4  196  
Other liabilities01    
Other undisclosed current liabilities0 (0)1  
Total current liabilities:877203109110
Noncurrent Liabilities
Long-term debt and lease obligation0   3132
Long-term debt, excluding current maturities    3132
Operating lease, liability0     
Liabilities, other than long-term debt221   
Due to related parties221   
Other undisclosed noncurrent liabilities   1  
Total noncurrent liabilities:22113132
Total liabilities:998204140142
Stockholders' equity
Stockholders' equity attributable to parent, including:221717(92)(79)(80)
Common stock000000
Additional paid in capital118110109108115115
Accumulated other comprehensive income (loss)34413(2)(4)
Accumulated deficit(99)(97)(96)(213)(193)(192)
Other undisclosed stockholders' equity attributable to parent    (0)(0)
Stockholders' equity attributable to noncontrolling interest(2)(2)(2)444
Other undisclosed stockholders' equity     0
Total stockholders' equity:201515(88)(76)(76)
TOTAL LIABILITIES AND EQUITY:2923231166566

Income statement (P&L) ($ in millions)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues000000
Cost of revenue
(Cost of Goods and Services Sold)
(0)(0)(0)(0)(0)(0)
Gross profit:000000
Operating expenses(1)(1)(6)(8)(2)(2)
Operating loss:(1)(1)(6)(8)(1)(2)
Nonoperating expense(2)(0)(1)(0)(0)(0)
Investment income, nonoperating   (0)(0)(0)
Other nonoperating income (expense)10(1)(0)0(0)
Interest and debt expense(2)(0)(0)   
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes200(0)  
Loss from continuing operations before equity method investments, income taxes:(2)(1)(6)(9)(1)(2)
Other undisclosed income from continuing operations before income taxes    00
Loss from continuing operations before income taxes:(2)(1)(6)(9)(1)(2)
Other undisclosed income (loss) from continuing operations   0(0)(0)
Loss from continuing operations:(2)(1)(6)(9)(1)(2)
Other undisclosed loss before gain (loss) on sale of properties   (12)  
Loss before gain (loss) on sale of properties:(2)(1)(6)(20)(1)(2)
Other undisclosed net income (loss)0 124(2)  
Net income (loss):(2)(1)117(22)(1)(2)
Other undisclosed net income attributable to parent000100
Net income (loss) available to common stockholders, diluted:(2)(1)117(21)(1)(2)

Comprehensive Income ($ in millions)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):(2)(1)117(22)(1)(2)
Other undisclosed comprehensive income (loss)(0)  16(5)6
Comprehensive income (loss):(3)(1)117(6)(7)4
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0) 2(1)(1)0
Other undisclosed comprehensive loss, net of tax, attributable to parent (0)(1)   
Comprehensive income (loss), net of tax, attributable to parent:(3)(1)119(7)(8)4

Statements sources

The financial statements are based on the company's filings with the 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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