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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2020
Dec. 31, 2019
CURRENT ASSETS    
Cash and cash equivalents $ 957,676 $ 531,067
Accounts receivable 483 4,954
Other receivables, net 136,857 7,040
Inventories 3,336 3,594
Advances to suppliers and other current assets 46,688 1,670,947
Loan receivables 5,131,643
Assets related to discontinued operations 5,343,518 98,128,199
TOTAL CURRENT ASSETS 11,620,201 100,345,801
Property, plant and equipment, net 19,692 17,855
Right of use assets 306,965
Intangible assets, net 1,869,185 40,853
Amount due from related parties 3,170,470 3,326,061
Long term investments 12,250,000 12,250,000
TOTAL ASSETS 29,236,513 115,980,570
CURRENT LIABILITIES    
Accounts payable 257,431 249,683
Accrued expenses and other payables 1,398,097 1,342,698
Advances from customers 270,765 534,089
Convertible loan payables 1,159,935 957,990
Loans payables 861,964 109,430
Lease liability-current 156,259  
Liabilities related to discontinued operations 3,513,970 199,595,785
TOTAL CURRENT LIABILITIES 7,618,421 202,789,675
NON-CURRENT LIABILITIES    
Amount due to related parties 1,517,678 1,268,101
Lease liability-non-current 148,613
TOTAL NON-CURRENT LIABILITIES 1,666,291 1,268,101
TOTAL LIABILITIES 9,284,712 204,057,776
Commitments and contingencies (Note 17)
Future Fintech Group Inc., Stockholders’ equity    
Common stock, $0.001 par value; 60,000,000 shares authorized and 41,959,545 shares issued and outstanding as of September 30, 2020 and 33,810,416 shares issued and outstanding as of December 31, 2019, respectively 41,959 33,810
Additional paid-in capital 117,562,942 107,852,827
Accumulated deficits (99,061,634) (213,314,612)
Accumulated other comprehensive income 3,437,881 12,989,408
Total Future FinTech Group Inc. stockholders’ equity 21,981,148 (92,438,567)
Non-controlling interests (2,029,347) 4,361,361
Total stockholders’ equity 19,951,801 (88,077,206)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 29,236,513 $ 115,980,570