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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
[1]
Sep. 30, 2021
Sep. 30, 2020
[1]
Income Statement [Abstract]        
Revenue $ 11,745,027 $ 43,450 $ 12,503,894 $ 355,700
Cost of goods sold 10,761,943 13,394 12,064,511 23,451
Gross profit 983,084 30,056 439,383 332,249
Operating Expenses        
General and administrative expenses 2,243,169 643,370 4,567,813 2,817,657
Stock compensation expense 5,487,930 5,487,930
Selling expenses 112,412 25,796 135,448 44,200
(Recovery) Provision for doubtful debts 52,706 (15,255) 243,022
Total operating expenses 7,843,511 721,872 10,175,936 3,104,879
Loss from operations (6,860,427) (691,816) (9,736,553) (2,772,630)
Other (expenses) income        
Interest income 100,521 56 110,090 213
Interest expenses (289,432) (3,913) (343,206)
Loss on debt settlement and conversion (1,946,028) (2,562,504)
Other (expenses) income, net 125,520 531,255 582,728 28,023
Total other income (expenses), net 226,041 (1,704,149) 688,905 (2,877,474)
Loss from Continuing Operations before Income Tax (6,634,386) (2,395,965) (9,047,648) (5,650,104)
Income tax provision
Loss from Continuing Operations (6,634,386) (2,395,965) (9,047,648) (5,650,104)
Discontinued Operations (Note 21)        
Gain (loss) on disposal of discontinued operations (3,679,447) 115,947 (3,523,652) 119,582,658
Income (loss) from discontinued operations (180,344) (158,909) 876,336 (318,602)
NET INCOME (LOSS) (10,494,177) (2,438,927) (11,694,964) 113,613,952
Less: Net Loss attributable to non-controlling interests (183,992) 62 (183,992)
Net income(loss) from discontinued operations attributable to Future Fintech Group, Inc. (10,310,185) (2,438,989) (11,510,972) 113,613,952
Other comprehensive income (loss)        
Income (loss) from continued operations (6,634,386) (2,395,965) (9,047,648) (5,650,104)
Foreign currency translation – continued operations (554,495) (229,938) (457,339) 1,229,682
Comprehensive income (loss) - continued operation (7,188,881) (2,625,903) (9,504,987) (4,420,422)
Income (loss) from discontinued operations (3,859,791) (42,962) (2,647,316) 119,264,056
Foreign currency translation – discontinued operations 133,368 93 68,169 (10,781,209)
Comprehensive income (loss) - discontinued operation (3,726,423) (42,869) (2,579,147) 108,482,847
Comprehensive Income (Loss) (10,915,304) (2,668,772) (12,084,134) 104,062,425
Less: Net loss attributable to non-controlling interests (183,992) 62 (183,992)
COMPREHENSIVE LOSS ATTRIBUTABLE TO FUTURE FINTECH GROUP INC. STOCKHOLDERS $ (10,731,312) $ (2,668,834) $ (11,900,142) $ 104,062,425
Earnings per share:        
Basic earnings per share from continued operation (in Dollars per share) $ (0.1) $ (0.07) $ (0.14) $ (0.15)
Basic earnings per share from discontinued operation (in Dollars per share) (0.06) (0.04) 3.22
Basic earnings per share, total (in Dollars per share) (0.16) (0.07) (0.18) 3.07
Diluted earnings per share from continued operation (in Dollars per share) (0.1) (0.07) (0.14) (0.15)
Diluted earnings per share from discontinued operation (in Dollars per share) (0.06) (0.04) 3.17
Diluted earnings per share, total (in Dollars per share) $ (0.16) $ (0.07) $ (0.18) $ 3.02
Weighted average number of shares outstanding        
Basic (in Shares) 66,457,193 35,175,728 63,728,685 36,982,973
Diluted (in Shares) 67,014,984 35,845,251 64,286,476 37,652,496
[1] Reclassification- certain reclassifications have been made to the financial statements for the period ended September 30, 2020 to conform to the presentation for the period ended September 30, 2021, with no effect on previously reported net income (loss).