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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2020
Dec. 31, 2019
CURRENT ASSETS    
Cash and cash equivalents $ 235,358 $ 539,316
Accounts receivable, net of allowance of $16,127,000 as of March 31, 2020 and December 31, 2019, respectively 4,954
Other receivables, net 146,583 7,489
Inventories 2,029 3,594
Advances to suppliers and other current assets 1,685,698 1,668,847
Assets related to discontinued operation 92,772,786
TOTAL CURRENT ASSETS 2,069,668 94,996,986
Property, plant and equipment, net 17,159 17,855
Intangible assets, net 5,244,300 5,312,906
Amount due from related parties 3,104,133 3,402,823
Long term investments 12,250,000 12,250,000
TOTAL ASSETS 22,685,260 115,980,570
CURRENT LIABILITIES    
Accounts payable 316,289 320,378
Other payable 3,710,662 3,754,843
Accrued expenses 875,655 792,537
Advances from customers 555,060 702,179
Short-term bank loans 1,063,699 957,990
Liabilities related to discontinued operations 196,261,748
TOTAL CURRENT LIABILITIES 6,521,305 202,789,675
NON-CURRENT LIABILITIES    
Amount due to related parties 1,097,236 1,268,101
TOTAL NON-CURRENT LIABILITIES 1,097,236 1,268,101
TOTAL LIABILITIES 7,618,541 204,057,776
Commitments and contingencies(Note 9)
Future Fintech Group Inc., Stockholders’ equity    
Common stock, $0.001 par value; 60,000,000 shares authorized and 38,140,415 shares issued and outstanding as of March 31, 2020 and 33,810,416 shares issued and outstanding as of December 31, 2019, respectively 38,140 33,810
Additional paid-in capital 109,474,497 107,852,827
Accumulated deficits (96,107,854) (213,314,612)
Accumulated other comprehensive income 3,750,881 12,989,408
Total Future FinTech Group Inc. stockholders’ equity 17,155,664 (92,438,566)
Non-controlling interests (2,088,945) 4,361,361
Total stockholders’ equity 15,066,719 (88,077,205)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 22,685,260 $ 115,980,570