FORTUNE VALLEY TREASURES, INC. (FVTI) financial statements (2021 and earlier)

Company profile

Business Address 13TH FLOOR, BUILDING B1, WISDOM PLAZA
SHENZHEN, GUANGDONG, 518000
State of Incorp. NV
Fiscal Year End December 31
SIC 59 - Miscellaneous Retail (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2020
TTM
12/31/2019
12/31/2018
8/31/2017
8/31/2016
8/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 3830  42
Cash and cash equivalents 3830  42
Receivables 062   
Inventory, net of allowances, customer advances and progress billings 29236   
Inventory 29236   
Prepaid expense 4869 
Other undisclosed current assets 32   
Total current assets: 743386942
Noncurrent Assets
Operating lease, right-of-use asset 110
Property, plant and equipment 910   
Total noncurrent assets: 11910   
TOTAL ASSETS: 1933486942
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 3348192011
Accrued liabilities     11
Other undisclosed accounts payable and accrued liabilities 33481920 
Debt 14    
Due to related parties 8096879630
Other undisclosed current liabilities  0   
Total current liabilities: 8557351142311
Noncurrent Liabilities
Long-term debt and lease obligation 98    
Operating lease, liability 98
Total noncurrent liabilities: 98    
Total liabilities: 9547351142311
Stockholders' equity
Stockholders' equity attributable to parent (761)(387)(109)(14)32
Common stock 308308888
Additional paid in capital   837170
Accumulated other comprehensive income 1813   
Accumulated deficit (1,086)(708)(199)(93)(46)
Total stockholders' equity: (761)(387)(109)(14)32
TOTAL LIABILITIES AND EQUITY: 1933486942

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

9/30/2020
TTM
12/31/2019
12/31/2018
8/31/2017
8/31/2016
8/31/2015
Revenues 27596   
Revenue from related parties 24547
Cost of revenue (216)(46)   
Gross profit: 5949   
Operating expenses (439)(315)(106)(47)(46)
Operating loss: (380)(266)(106)(47)(46)
Nonoperating income 31   
Other nonoperating income 21   
Interest and debt expense (0)(1)   
Loss from continuing operations before equity method investments, income taxes: (378)(266)(106)(47)(46)
Other undisclosed income from continuing operations before income taxes 01   
Loss from continuing operations before income taxes: (378)(265)(106)(47)(46)
Income tax expense (benefit) 03  (46)
Loss before gain (loss) on sale of properties: (378)(262)(106)(47)(91)
Other undisclosed net income     46
Net loss: (378)(262)(106)(47)(46)
Other undisclosed net loss attributable to parent (0)    
Net loss available to common stockholders, diluted: (378)(262)(106)(47)(46)

Comprehensive Income ($ in thousands)

9/30/2020
TTM
12/31/2019
12/31/2018
8/31/2017
8/31/2016
8/31/2015
Net loss: (378)(262)(106)(47)(46)
Comprehensive loss: (378)(262)(106)(47)(46)
Other undisclosed comprehensive income, net of tax, attributable to parent 47   
Comprehensive loss, net of tax, attributable to parent: (373)(256)(106)(47)(46)

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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