XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
 [1]
Income Statement [Abstract]    
Revenue $ 199,951 $ 160,175
Cost of revenues 513 129,561
Gross profit 199,438 30,614
Operating Expenses    
General and administrative expenses 1,919,314 947,693
Selling expenses 12,781 65,980
Bad debt provision 4,203,054 7,612
Total operating expenses 6,135,149 1,021,285
Loss from operations (5,935,711) (990,671)
Other income (expense)    
Interest income 126 21
Interest expenses (27,137) (91,402)
Other income (expense), net (519,456) 16,201
Total other income (expenses), net (546,467) (75,180)
Loss from Continuing Operations before Income Tax (6,482,178) (1,065,851)
Income tax provision
Loss from Continuing Operations before Non-controlling Interest, net of tax (6,482,178) (1,065,851)
Discontinued Operations (Note 10)    
Loss from discontinued operations (612,947)
Gain on disposal of discontinued operations 123,688,874
NET INCOME (LOSS) 117,206,696 (1,678,798)
Less: Income (loss) attributable to the non-controlling interest (62) 215,760
Net income (loss) attributable to Future Fintech Group, Inc. Common Shareholders 117,206,758 (1,894,558)
Net income (loss) 117,206,696 (1,678,798)
Foreign currency translation (596,435) (565,802)
Comprehensive income (loss) 116,610,261 (2,244,600)
Less: Comprehensive loss attributable to non-controlling interest (2,139,179) (350,142)
Comprehensive Income (Loss) Attributable to Future Fintech Group, Inc. Common Shareholders $ 118,749,440 $ (1,894,458)
Basic Earnings (Loss) per Share:    
Basic loss per share from continuing operations (in Dollars per share) $ (0.20) $ (0.03)
Basic earnings (loss) per share from discontinued operations (in Dollars per share) 3.73 (0.02)
Basic Earnings (Loss) per Share from Net Income (Loss) (in Dollars per share) 3.53 (0.05)
Diluted Earnings (Loss) per Share:    
Diluted loss per share from continuing operations (in Dollars per share) (0.20) (0.03)
Diluted earnings (loss) per share from discontinued operations (in Dollars per share) 3.66 (0.02)
Diluted Earnings (Loss) per Share from Net Income (Loss) (in Dollars per share) $ 3.46 $ (0.05)
Weighted average number of shares outstanding    
Basic (in Shares) 33,147,793 31,017,083
Diluted (in Shares) 33,817,316 31,686,606
[1] Reclassification- certain reclassifications have been made to the financial statements for the period ending March 31, 2019 to conform to the presentation for the period ending March 31, 2020, with no effect on previously reported net income (loss).