Future FinTech Group Inc. (FTFT) financial statements (2022 and earlier)

Company profile

Business Address ROOM 2302, SOUTH TOWER T1, KAISA PLAZA
BEIJING, 100025
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 thousands)

Current Assets
Cash, cash equivalents, and short-term investments 9,7885392544,5871,144
Cash and cash equivalents 9,7885392544,5871,144
Receivables 821223,84753,86635,743
Inventory, net of allowances, customer advances and progress billings  4632,0973,041
Inventory  4632,0973,041
Disposal group, including discontinued operation 3592,773   
Other current assets 2591,669 1,43858,132
Other undisclosed current assets 5,356 (0) 3,566
Total current assets: 15,52094,99724,16461,987101,626
Noncurrent Assets
Inventory, Noncurrent    1,801 
Operating lease, right-of-use asset 291 
Property, plant and equipment 17182,33628,06581,524
Long-term investments and receivables 6313,80015,000 2,789
Long-term investments  12,25015,000 2,789
Due from related parties 631,550   
Intangible assets, net (including goodwill) 415,31321,446  
Intangible assets, net (excluding goodwill) 415,31321,446  
Deposits noncurrent assets     101,000
Other undisclosed noncurrent assets  1,853098,827(182,524)
Total noncurrent assets: 41220,98438,782128,6932,789
Other undisclosed assets     157,245
TOTAL ASSETS: 15,932115,98162,947190,680261,661
Current Liabilities
Accounts payable and accrued liabilities, including: 2,3004,868110,185111,18847,610
Accounts payable 25032011,05411,27816,570
Accrued liabilities 2,3004,54799,13199,91127,450
Employee-related liabilities 290    
Taxes payable 173   3,590
Other undisclosed accounts payable and accrued liabilities (714)    
Debt 1119585,8286,12229,364
Due to related parties   1,1606561
Disposal group, including discontinued operation 866196,262   
Other liabilities 29    
Other undisclosed current liabilities 1,8797020  
Total current liabilities: 5,184202,790117,174117,96676,975
Noncurrent Liabilities
Long-term debt and lease obligation 111 32,45139,76514,494
Long-term debt, excluding current maturities   32,45122,252 
Capital lease obligations 17,51214,494
Operating lease, liability 111 
Liabilities, other than long-term debt 1,906    
Due to related parties 1,906    
Other undisclosed noncurrent liabilities  1,268   
Total noncurrent liabilities: 2,0161,26832,45139,76514,494
Total liabilities: 7,201204,058149,624157,73091,469
Temporary equity, carrying amount     35,164
Stockholders' equity
Stockholders' equity attributable to parent, including: 8,779(92,439)(91,288)12,607135,028
Common stock 50343154
Additional paid in capital 133,511107,853105,737109,091105,367
Accumulated other comprehensive income (loss) (398)12,989(8,962)(94,142)(70,580)
Retained earnings (accumulated deficit) (124,384)(213,315)(188,086)(2,347)100,237
Other undisclosed stockholders' equity attributable to parent   (9)  
Stockholders' equity attributable to noncontrolling interest (47)4,3614,60120,343 
Other undisclosed stockholders' equity   9 35,164
Total stockholders' equity: 8,731(88,077)(86,678)32,950170,192
Other undisclosed liabilities and equity     (35,164)
TOTAL LIABILITIES AND EQUITY: 15,932115,98162,947190,680261,661

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

Revenues 37195588910,46334,407
Cost of revenue
(Cost of Goods and Services Sold)
Gross profit: 335491(86)1,7349,173
Operating expenses (15,353)(13,427)(190,430)(100,822)(6,942)
Other undisclosed operating loss   (0)  
Operating income (loss): (15,018)(12,936)(190,517)(99,087)2,231
Nonoperating income (expense) (15,002)(749)765(2,948)(1,263)
Investment income, nonoperating  (520)(1,623)(3,074)13
Other nonoperating income (expense) 1(229)2,388(429)207
Interest and debt expense (2,599)   (1,659)
Other undisclosed income from continuing operations before equity method investments, income taxes 2,599   1,659
Income (loss) from continuing operations before equity method investments, income taxes: (30,020)(13,685)(189,752)(102,035)968
Other undisclosed loss from continuing operations before income taxes     (1,602)
Loss from continuing operations before income taxes: (30,020)(13,685)(189,752)(102,035)(634)
Income tax expense   (0)(266) 
Other undisclosed loss from continuing operations     (126)
Loss from continuing operations: (30,020)(13,685)(189,752)(102,302)(760)
Loss from discontinued operations (478)(11,707) (14,663)(4,785)
Loss before gain (loss) on sale of properties: (30,498)(25,393)(189,752)(116,965)(5,545)
Other undisclosed net income (loss) 119,428(1,682)19,75514,381126
Net income (loss): 88,930(27,074)(169,997)(102,584)(5,419)
Net loss attributable to noncontrolling interest     (126)
Other undisclosed net income attributable to parent  1,845   
Net income (loss) attributable to parent: 88,930(25,229)(169,997)(102,584)(5,545)
Other undisclosed net income available to common stockholders, basic   174,01087,921 
Net income (loss) available to common stockholders, diluted: 88,930(25,229)4,013(14,663)(5,545)

Comprehensive Income ($ in thousands)

Net income (loss): 88,930(27,074)(169,997)(102,584)(5,419)
Other undisclosed comprehensive income (loss) (13,387)23,55769,409(27,562)(4,600)
Comprehensive income (loss): 75,543(3,518)(100,588)(130,146)(10,019)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  240 9,634(19,675)
Comprehensive income (loss), net of tax, attributable to parent: 75,543(3,278)(100,588)(120,512)(29,693)

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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