XML 39 R25.htm IDEA: XBRL DOCUMENT v3.21.1

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

Schedule of numerators and denominators used in the computations of basic and diluted EPS

For the year ended December 31, 2020:
		Income				Share				Pre-share amount
Loss from continuing operations		$	(30,019,941	)			38,057,065			$	(0.79	)
Income from discontinuing operations		$	118,950,252				38,057,065			$	3.13
Basic EPS:
Loss available to common stockholders from continuing operations		$	(30,019,941	)			38,057,065			$	(0.79	)
Income available to common stockholders from discontinuing operations		$	118,950,252				38,057,065			$	3.13
Dilutive EPS:
Warrants			-				5,090,579				-
Diluted loss per share is calculated by taking net loss, divided by the diluted weighted average common shares outstanding. Diluted net loss per share equals basic net loss per share because the effect of securities convertible into common shares is anti-dilutive from continuing operations		$	(30,019,941	)			43,147,644			$	(0.79	)
Diluted Earnings per share is calculated by taking net loss, divided by the diluted weighted average common shares outstanding.		$	118,950,252				43,147,644			$	2.76

For the year ended December 31, 2019:
		Income				Share				Pre-share amount
Income(Loss) from continuing operations		$	(11,109,721	)			31,996,279			$	(0.35	)
Income(Loss) from discontinuing operations		$	(15,964,524	)			31,996,279			$	(0.45	)
Basic EPS:
Loss available to common stockholders from continuing operations		$	(11,109,721	)			31,996,279			$	(0.35	)
Loss available to common stockholders from discontinuing operations		$	(15,964,524	)			31,996,279			$	(0.45	)
Diluted EPS:
Loss available to common stockholders from continuing operations		$	(11,109,721	)			31,996,279			$	(0.35	)
Loss available to common stockholders from discontinuing operations		$	(15,964,524	)			31,996,279			$	(0.45	)

Schedule of property, plant and equipment are depreciated estimated useful lives

Machinery and equipment		5-10 years
Furniture and office equipment		3-5 years
Motor vehicles		5 years

X

- References

No definition available.

+ Details

Name:	ftft_ftft_ScheduleOfPropertyPlantAndEquipmentAreDepreciatedEstimatedUsefulLivesTableTextBlock
Namespace Prefix:	ftft_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_AccountingPoliciesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

+ Details

Name:	us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration