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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
[1]
Jun. 30, 2020
Jun. 30, 2019
[1]
Income Statement [Abstract]        
Revenue $ 113,687 $ 257,018 $ 313,638 $ 417,193
Cost of goods sold 9,359 116,649 9,872 246,210
Gross profit 104,328 140,369 303,766 170,983
Operating Expenses        
General and administrative expenses 413,503 868,951 2,332,817 1,816,644
Selling expenses 7,693 492,221 20,474 558,201
Bad debt provision 210,510 4,413,564 7,443
Total operating expenses 631,706 1,361,172 6,766,855 2,382,288
Loss from operations (527,378) (1,220,803) (6,463,089) (2,211,305)
Other income (expense)        
Interest income 62 3,900 188 3,921
Interest expenses (26,682) (21,405) (53,819) (112,807)
Other income (expenses) 16,657 (12,630) (502,799) 3,402
Total other income (expenses) (9,963) (30,135) (556,430) (105,484)
Loss from Continuing Operations before Income Tax (537,341) (1,250,938) (7,019,519) (2,316,789)
Income tax provision 75 75
Loss from Continuing Operations, net of tax (537,341) (1,251,013) (7,019,519) (2,316,864)
Discontinued Operations (Note 9)        
Loss from discontinued operations (721,158) (1,307,608)
Gain on disposal of discontinued operations 123,688,874
NET INCOME (LOSS) (537,341) (1,972,171) 116,669,355 (3,624,472) [2]
Less: Loss attributable to the non-controlling interest (8,578) (382,318) (8,640) (705,963)
Net income (loss) attributable to Future Fintech Group, Inc. Common Shareholders (528,763) (1,589,853) 116,677,995 (2,918,509)
Comprehensive income (loss):        
Net income (loss) (537,341) (1,972,171) 116,669,355 (3,624,472) [2]
Foreign currency translation (83,155) 5,757,890 (679,589) 5,192,088
Comprehensive income (loss) (620,496) 3,785,719 115,989,766 1,567,616
Less: Comprehensive income (loss) attributable to non-controlling interest 1,056,105 (2,139,179) 705,963
Comprehensive Income (Loss) Attributable to Future Fintech Group, Inc. Common Shareholders $ (620,496) $ 2,729,614 $ 118,128,945 $ 861,653
Basic Earnings (Loss) per Share:        
Basic loss per share from continuing operations (in Dollars per share) $ (0.02) $ (0.03) $ (0.20) $ (0.05)
Basic earnings (loss) per share from discontinued operations (in Dollars per share) (0.02) 3.45 (0.04)
Basic Earnings (Loss) per Share from Net Income (Loss) (in Dollars per share) (0.02) (0.05) 3.25 (0.09)
Diluted Earnings (Loss) per Share:        
Diluted loss per share from continuing operations (in Dollars per share) (0.02) (0.03) (0.19) (0.05)
Diluted earnings (loss) per share from discontinued operations (in Dollars per share) (0.02) 3.39 (0.04)
Diluted Earnings (Loss) per Share from Net Income (Loss) (in Dollars per share) $ (0.02) $ (0.05) $ 3.19 $ (0.09)
Weighted average number of shares outstanding        
Basic (in Shares) 33,334,888 31,174,818 35,867,188 31,174,818
Diluted (in Shares) 34,004,411 31,844,341 36,536,711 31,844,341
[1] Reclassification- certain reclassifications have been made to the financial statements for the period ended June 30, 2019 to conform to the presentation for the period ended June 30, 2020, with no effect on previously reported net income (loss).
[2] Reclassification- certain reclassifications have been made to the statements of cash flow for the period ended June 30, 2019 to conform to the presentation for the period ended June 30, 2020.