Fortune Valley Treasures, Inc. (FVTI) financial statements (2022 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)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
8/31/2017
8/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 2503830  
Cash and cash equivalents 2503830  
Receivables 3,453062  
Inventory, net of allowances, customer advances and progress billings 14529236  
Inventory 14529236  
Prepaid expense 3774869
Other current assets 7    
Other undisclosed current assets  32  
Total current assets: 4,2317433869
Noncurrent Assets
Operating lease, right-of-use asset 153110
Property, plant and equipment 48910  
Intangible assets, net (including goodwill) 4,397    
Goodwill 1,369    
Intangible assets, net (excluding goodwill) 3,028    
Deposits noncurrent assets 672    
Other undisclosed noncurrent assets 160    
Total noncurrent assets: 5,43011910  
TOTAL ASSETS: 9,66119334869
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 85133481920
Accounts payable 252    
Accrued liabilities 278    
Taxes payable 322    
Other undisclosed accounts payable and accrued liabilities  33481920
Deferred revenue 580 
Debt  14   
Due to related parties 337809687963
Other undisclosed current liabilities 228 0  
Total current liabilities: 1,99685573511423
Noncurrent Liabilities
Long-term debt and lease obligation 8698   
Operating lease, liability 8698
Other undisclosed noncurrent liabilities 262    
Total noncurrent liabilities: 43398   
Total liabilities: 2,43095473511423
Stockholders' equity
Stockholders' equity attributable to parent 7,036(761)(387)(109)(14)
Common stock 31330830888
Additional paid in capital 10,764  8371
Accumulated other comprehensive income 3001813  
Accumulated deficit (4,341)(1,086)(708)(199)(93)
Stockholders' equity attributable to noncontrolling interest 196    
Total stockholders' equity: 7,232(761)(387)(109)(14)
TOTAL LIABILITIES AND EQUITY: 9,66119334869

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
8/31/2017
8/31/2016
Revenues 5,00627596  
Revenue from related parties 27424547
Cost of revenue (1,673)(216)(46)  
Gross profit: 3,3325949  
Operating expenses (6,522)(439)(315)(106)(47)
Other undisclosed operating income 35    
Operating loss: (3,155)(380)(266)(106)(47)
Nonoperating income (expense) (186)31  
Other nonoperating income 2721  
Interest and debt expense (14)(0)(1)  
Loss from continuing operations before equity method investments, income taxes: (3,355)(378)(266)(106)(47)
Other undisclosed income from continuing operations before income taxes 1401  
Loss from continuing operations before income taxes: (3,340)(378)(265)(106)(47)
Income tax benefit 30703  
Loss before gain (loss) on sale of properties: (3,033)(378)(262)(106)(47)
Other undisclosed net loss (614)    
Net loss: (3,647)(378)(262)(106)(47)
Net income attributable to noncontrolling interest 392    
Other undisclosed net loss attributable to parent  (0)   
Net loss available to common stockholders, diluted: (3,256)(378)(262)(106)(47)

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
8/31/2017
8/31/2016
Net loss: (3,647)(378)(262)(106)(47)
Other undisclosed comprehensive income 321    
Comprehensive loss: (3,326)(378)(262)(106)(47)
Comprehensive income, net of tax, attributable to noncontrolling interest 353    
Other undisclosed comprehensive income, net of tax, attributable to parent  47  
Comprehensive loss, net of tax, attributable to parent: (2,973)(373)(256)(106)(47)

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: