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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash and cash equivalents $ 539,316 $ 253,804
Accounts receivable, net of allowance of $16,127,000 as of December 31, 2019 and $15,650,217 as of December 31, 2018, respectively 4,954 73,244
Other receivables 7,489 23,774,163
Inventories 3,594 63,017
Advances to suppliers and other current assets 1,668,847
Assets related to discontinued operations 92,772,786
TOTAL CURRENT ASSETS 94,996,986 24,164,227
Property, plant and equipment, net 17,855 2,336,036
Intangible assets 5,312,906 21,446,345
Amount due from related parties 3,402,823
Long-term investments 12,250,000 15,000,000
TOTAL ASSETS 115,980,570 62,946,609
CURRENT LIABILITIES    
Accounts payable 320,378 11,054,290
Accrued expenses 4,547,380 99,131,073
Advances from customers 702,179 1,160,029
Short-term bank loans 957,990 5,828,185
Liabilities related to discontinued operations 196,261,748
TOTAL CURRENT LIABILITIES 202,789,675 117,173,578
NON-CURRENT LIABILITIES    
Amount Due to Related Party 1,268,101
Long-term loan 32,450,867
TOTAL NON-CURRENT LIABILITIES 1,268,101 32,450,867
TOTAL LIABILITIES 204,057,776 149,624,445
Commitments and contingencies (Note 16)
Future FinTech Group, Inc, Stockholders' equity    
Common stock, $0.001 par value; 60,000,000 shares authorized and 33,810,416 shares and 31,017,083 shares issued and outstanding as of December 31, 2019 and December 31, 2018, respectively 33,810 31,017
Additional paid-in capital 107,852,827 105,737,256
Accumulated deficits (213,314,612) (188,085,680)
Accumulated other comprehensive income (loss) 12,989,408 (8,961,549)
Total Future FinTech Group, Inc. stockholders' equity (92,438,567) (91,278,957)
Non-controlling interests 4,361,361 4,601,121
Total stockholders' equity (88,077,206) (86,677,836)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 115,980,570 $ 62,946,609