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Other Receivables | 9 Months Ended
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Sep. 30, 2021
Other Receviables [Abstract] |
OTHER RECEIVABLES | 5. OTHER RECEIVABLES As of September 30, 2021, the balance of other receivables was $1.82 million. On September 1, 2021, FTFT UK Limited, a company organized under the laws of United Kingdom and a wholly owned subsidiary of the Company entered into a Share Purchase Agreement (the “Agreement”) with Rahim Shah, a resident of United Kingdom (“Seller”). Under this agreement, FTFT UK Limited (the “Buyer”) agreed to acquire 100% of the issued and outstanding shares (the “Sale Shares”) of Khyber Money Exchange Ltd. (“Khyber”), a company incorporated in England and Wales from the Seller for a total of Euros €685,000 (“Purchase Price”). Buyer deposited Euros €685,000 ($0.79 million) for the Purchase Price and £400,000 ($0.54 million) for cash balance expected to be left in the bank account of Khyber upon the closing (subject to refund to the Buyer upon the actual amount in Khyber’s account at closing) to Buyer’s solicitors to be held by Buyer’s solicitors in their client account upon the final closing of the acquisition. In addition, other receivables included total $0.49 million deposit paid and prepayments.

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

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- Definition The entire disclosure for other receviables. + References No definition available. + Details
Name: | ftft_OtherReceviablesTextBlock
Namespace Prefix: | ftft_
Data Type: | dtr:textBlockItemType
Balance Type: | na
Period Type: | duration