FORTUNE VALLEY TREASURES, INC. (FVTI) financial statements (2020 and earlier)

Company profile

Business Address 711-8 LEE CENTRE DR
SCARBOROUGH, ON M1H 3H8
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)

9/30/2019
TTM
12/31/2018
8/31/2017
8/31/2016
8/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 30  42
Cash and cash equivalents 30  42
Receivables 62   
Inventory, net of allowances, customer advances and progress billings 236   
Inventory 236   
Prepaid expense 869 
Other undisclosed current assets 2   
Total current assets: 3386942
Noncurrent Assets
Property, plant and equipment 10   
Total noncurrent assets: 10   
TOTAL ASSETS: 3486942
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 48192011
Accrued liabilities    11
Other undisclosed accounts payable and accrued liabilities 481920 
Due to related parties 6879630
Other undisclosed current liabilities 0   
Total current liabilities: 7351142311
Noncurrent Liabilities
Total liabilities: 7351142311
Stockholders' equity
Stockholders' equity attributable to parent (387)(109)(14)32
Common stock 308888
Additional paid in capital  837170
Accumulated other comprehensive income 13   
Accumulated deficit (708)(199)(93)(46)
Total stockholders' equity: (387)(109)(14)32
TOTAL LIABILITIES AND EQUITY: 3486942

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

9/30/2019
TTM
12/31/2018
8/31/2017
8/31/2016
8/31/2015
Revenues 96   
Revenue from related parties 47
Cost of revenue (46)   
Gross profit: 49   
Operating expenses (315)(106)(47)(46)
Operating loss: (266)(106)(47)(46)
Nonoperating income 1   
Other nonoperating income 1   
Interest and debt expense (1)   
Loss from continuing operations before equity method investments, income taxes: (266)(106)(47)(46)
Other undisclosed income from continuing operations before income taxes 1   
Loss from continuing operations before income taxes: (265)(106)(47)(46)
Income tax expense (benefit) 3  (46)
Loss before gain (loss) on sale of properties: (262)(106)(47)(91)
Other undisclosed net income    46
Net loss available to common stockholders, diluted: (262)(106)(47)(46)

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
8/31/2017
8/31/2016
8/31/2015
Net loss: (262)(106)(47)(46)
Comprehensive loss: (262)(106)(47)(46)
Other undisclosed comprehensive income, net of tax, attributable to parent 7   
Comprehensive loss, net of tax, attributable to parent: (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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: