XML 66 R52.htm IDEA: XBRL DOCUMENT
v3.21.1

Discontinued Operations (Details) - USD ($) | 1 Months Ended |
--- | --- | ---
Sep. 18, 2019 | Oct. 31, 2020
Discontinued Operations (Textual) |  |
Discontinued operation, description | Pursuant to the terms of the Agreement, the Buyer purchased 100% ownership of HeDeTang Holdings (HK) Ltd. (“HeDeTang HK”) from SkyPeople Foods, which value is primarily derived from HeDeTang HK’s wholly-owned subsidiary HeDeJiaChuan Holdings Co., Ltd. and 73.41% owned subsidiary SkyPeople Juice Group Co., Ltd., for a total price of RMB 600,000 (approximately $85,714) (the “Sale Transaction”). The Sale Transaction was closed on February 27, 2020. In accordance with ASC Topic 205, Presentation of Financial Statement Discontinued Operations (“ASC Topic 205”), the Company presented the operation results from HeDeTang HK’s and subsidiaries as a discontinued operation, as the Company believed that no continued cash flow would be generated by the discontinued component and that the Company would have no significant continuing involvement in the operations of the discontinued component. The total assets of HeDeTang HK were $106.85 million as of February 27, 2020 and the total liabilities of HeDeTang HK were $231.21 million as of February 27, 2020, resulting in a gain on disposal of $99.87 million. There was no income or loss from HeDeTang HK from January 1, 2020 to the sale. |
Board of directors [Member] |  |
Discontinued Operations (Textual) |  |
Disposal gain |  | $ 181,741
Board of Directors One [Member] |  |
Discontinued Operations (Textual) |  |
Disposal gain |  | $ 18,191,960

X
- References No definition available. + Details
Name: | ftft_DiscontinuedOperationDescription
Namespace Prefix: | ftft_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ftft_DiscontinuedOperationsDetailsLineItems
Namespace Prefix: | ftft_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The excess amount received or due over net assets in a transaction accounted for as a divestiture where a subsidiary, business or operating assets are "sold" by the entity to a newly formed, thinly capitalized, highly leveraged buyer. This gain is not yet recognized and is disclosed on the balance sheet as an offset against the carrying amount of the securities received. + References No definition available. + Details
Name: | us-gaap_DisposalGroupDeferredGainOnDisposal
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | srt_TitleOfIndividualAxis=ftft_BoardOfDirectorsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_TitleOfIndividualAxis=ftft_BoardOfDirectorsOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |