Fortune Valley Treasures, Inc. (FVTI) Financial Statements (2025 and earlier)

Company Profile

Business Address B1601 ORIENTAL IMPRESSION BUILDING 2
GUANGDONG PROVINCE, 518000
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 59 - Miscellaneous Retail (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments17288137620166
Cash and cash equivalents17288137620166
Receivables2,5293,1194,3035,1025,3704,798
Inventory, net of allowances, customer advances and progress billings2533597785149
Inventory2533597785149
Prepaid expense3,8393,9963,6582,8763,032 
Other current assets3277455
Other undisclosed current assets(2,314)(2,355)(2,297)(1,345)(1,254)1,754
Total current assets:4,0985,0835,7436,7927,2996,871
Noncurrent Assets
Operating lease, right-of-use asset      297
Property, plant and equipment74841041128898
Intangible assets, net (including goodwill)98152630688775825
Goodwill   431436457454
Intangible assets, net (excluding goodwill)98152199252318371
Deposits noncurrent assets6046186066748641,121
Other undisclosed noncurrent assets27531229030936575
Total noncurrent assets:1,0511,1661,6301,7832,0922,417
TOTAL ASSETS:5,1496,2497,3748,5759,3909,288
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,1671,2111,3091,2451,3171,191
Accounts payable495584684692716689
Accrued liabilities672627625553601502
Deferred revenue1,3511,36471117141139
Debt849916902966482423
Other liabilities     571 
Due to related parties566
Other undisclosed current liabilities454360389411156166
Total current liabilities:3,8213,8522,6722,7392,6682,485
Noncurrent Liabilities
Long-term debt and lease obligation248212188463258
Long-term debt, excluding current maturities248212188463258
Liabilities, other than long-term debt      190
Operating lease, liability      190
Other undisclosed noncurrent liabilities16019417920123455
Total noncurrent liabilities:407406368247266303
Total liabilities:4,2284,2583,0392,9862,9342,788
Equity
Equity, attributable to parent1,0512,1204,4435,5806,3486,392
Common stock161616161616
Additional paid in capital11,06111,06111,06111,06111,06111,061
Accumulated other comprehensive loss(475)(406)(545)(517)(136)(181)
Accumulated deficit(9,551)(8,551)(6,089)(4,980)(4,593)(4,504)
Equity, attributable to noncontrolling interest(130)(129)(108)9108108
Total equity:9201,9914,3355,5896,4566,500
TOTAL LIABILITIES AND EQUITY:5,1496,2497,3748,5759,3909,288

Income Statement (P&L) ($ in thousands)

6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
Revenues429101,273279,113
Cost of revenue(213)(332)(593)(653)(677)(1,575)
Other undisclosed gross profit 264417  1,609(6,393)
Gross profit:55873166209581,146
Operating expenses(1,048)(2,594)(1,538)(1,041)(965)(5,194)
Operating loss:(993)(2,507)(1,222)(421)(7)(4,048)
Nonoperating expense(8)(6)(3)(3)(7)(10)
Other nonoperating income347620
Interest and debt expense(11)(10)(10)(9)(9)(10)
Loss from continuing operations before equity method investments, income taxes:(1,012)(2,522)(1,235)(432)(23)(4,069)
Other undisclosed income from continuing operations before income taxes1110109910
Loss from continuing operations before income taxes:(1,001)(2,513)(1,225)(423)(14)(4,058)
Income tax expense (benefit)(0)(2)2(22)(75)26
Net loss:(1,001)(2,514)(1,223)(445)(89)(4,032)
Net income attributable to noncontrolling interest252114580337
Net loss available to common stockholders, diluted:(1,000)(2,462)(1,109)(387)(89)(3,695)

Comprehensive Income ($ in thousands)

6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
Net loss:(1,001)(2,514)(1,223)(445)(89)(4,032)
Other undisclosed comprehensive income (loss)(69)171(32)(422)45504
Comprehensive loss:(1,070)(2,344)(1,254)(867)(44)(3,529)
Comprehensive income, net of tax, attributable to noncontrolling interest220117990332
Comprehensive loss, net of tax, attributable to parent:(1,069)(2,323)(1,137)(768)(44)(3,197)

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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