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Loan Receivables | 12 Months Ended
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Dec. 31, 2021
Receivables [Abstract] |
LOAN RECEIVABLES | 6. LOAN RECEIVABLES As of December 31, 2021, the balance of loan receivables was $6 million, which was from a third party. 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 US$6 million to the third party at the annual interest rate of 10% from July 31, 2021 to March 31, 2022. As of March 31, 2022, FTFT HK has received repayment of US$6 million from the third party.

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- 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
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- References No definition available. + Details
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