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 investments3830  42
Cash and cash equivalents3830  42
Receivables5962   
Inventory, net of allowances, customer advances and progress billings101236   
Inventory101236   
Prepaid expense11869 
Other undisclosed current assets 2   
Total current assets:2093386942
Noncurrent Assets
Operating lease, right-of-use asset129
Property, plant and equipment910   
Total noncurrent assets:13710   
TOTAL ASSETS:3473486942
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3248192011
Accrued liabilities    11
Other undisclosed accounts payable and accrued liabilities32481920 
Due to related parties8896879630
Other undisclosed current liabilities170   
Total current liabilities:9387351142311
Noncurrent Liabilities
Other undisclosed noncurrent liabilities112    
Total noncurrent liabilities:112    
Total liabilities:1,0507351142311
Stockholders' equity
Stockholders' equity attributable to parent(703)(387)(109)(14)32
Common stock308308888
Additional paid in capital  837170
Accumulated other comprehensive income1913   
Accumulated deficit(1,030)(708)(199)(93)(46)
Total stockholders' equity:(703)(387)(109)(14)32
TOTAL LIABILITIES AND EQUITY:3473486942

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

9/30/2019
TTM
12/31/2018
8/31/2017
8/31/2016
8/31/2015
Revenues20296   
Revenue from related parties3447
Cost of revenue(147)(46)   
Gross profit:5549   
Operating expenses(443)(315)(106)(47)(46)
Operating loss:(388)(266)(106)(47)(46)
Nonoperating income21   
Other nonoperating income21   
Interest and debt expense(1)(1)   
Loss from continuing operations before equity method investments, income taxes:(387)(266)(106)(47)(46)
Other undisclosed income from continuing operations before income taxes11   
Loss from continuing operations before income taxes:(387)(265)(106)(47)(46)
Income tax expense (benefit)(0)3  (46)
Loss before gain (loss) on sale of properties:(387)(262)(106)(47)(91)
Other undisclosed net income    46
Net loss:(387)(262)(106)(47)(46)
Other undisclosed net income attributable to parent0    
Net loss available to common stockholders, diluted:(387)(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:(387)(262)(106)(47)(46)
Comprehensive loss:(387)(262)(106)(47)(46)
Other undisclosed comprehensive income, net of tax, attributable to parent47   
Comprehensive loss, net of tax, attributable to parent:(383)(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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