XML 24 R12.htm IDEA: XBRL DOCUMENT
v3.21.2

Loan Receivables | 9 Months Ended
--- | ---
Sep. 30, 2021
Receivables [Abstract] |
LOAN RECEIVABLES | 6. LOAN RECEIVABLES As of September 30, 2021, the balance of loan receivables was $6.31 million, which was from third parties. On July 30, 2021, Future FinTech (Hong Kong) Limited (“FTFT HK”), a wholly owned subsidiary of the Company, entered into a “Loan Agreement” with a third party. Pursuant to the Loan Agreement, FTFT HK loaned up to the amount of USD 6 million to the third party at the annual interest rate of 10% from July 31, 2021 to January 30, 2022. On September 16, 2021, Future Commercial Group Co., Ltd. (“Future Commercial”), a wholly owned subsidiary of the Company, entered into a “Interest-free Loan Agreement” with a third party. Pursuant to the Loan Agreement, Future Commercial loaned USD 0.31 million to the third party from September 16, 2021 to September 16, 2022 with an intent to acquire certain equity interest of this third party.

X
- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
Name: | us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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