XML 16 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
CURRENT ASSETS    
Cash and cash equivalents $ 9,788,041 $ 190,867
Accounts receivable, net 4,954
Inventories 3,594
Advances to suppliers and other current assets 258,830 1,598,555
Loan receivables 5,355,944
Other receivables, net 81,972 7,489
Assets related to discontinued operations 35,082 98,528,958
TOTAL CURRENT ASSETS 15,519,869 100,334,417
Property, plant and equipment, net 16,728 17,855
Right of Use Assets 291,379
Intangible assets 41,214 40,853
Amount due from related parties 62,522 3,337,445
Long-term investments 12,250,000
TOTAL ASSETS 15,931,712 115,980,570
CURRENT LIABILITIES    
Accounts payable 250,364 248,894
Accrued expenses and other payables 2,300,412 1,129,893
Advances from customers 28,962 534,089
Convertible note payables 1,163,146 957,990
Loan payables 394,848
Lease liability-current 180,803
Liabilities related to discontinued operations 865,568 200,334,853
TOTAL CURRENT LIABILITIES 5,184,103 203,205,719
NON-CURRENT LIABILITIES    
Lease liability-non-current 110,575
Amount Due to Related Party 1,905,893 852,057
TOTAL NON-CURRENT LIABILITIES 2,016,468 852,057
TOTAL LIABILITIES 7,200,571 204,057,776
Commitments and contingencies (Note 17)
Future FinTech Group, Inc, Stockholders’ equity    
Common stock, $0.001 par value; 300,000,000 shares authorized; 50,053,606 shares and 33,810,416 shares issued and outstanding as of December 31, 2020 and 2019 respectively 50,053 33,810
Additional paid-in capital 133,510,862 107,852,827
Accumulated deficits (124,384,301) (213,314,612)
Accumulated other comprehensive income (loss) (398,014) 12,989,408
Total Future FinTech Group, Inc. stockholders’ equity (deficit) 8,778,600 (92,438,567)
Non-controlling interests (47,459) 4,361,361
Total stockholders’ equity (deficit) 8,731,141 (88,077,206)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 15,931,712 $ 115,980,570