XML 66 R49.htm IDEA: XBRL DOCUMENT
v3.22.1

Discontinued Operations (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Discontinued Operations [Abstract] |
Schedule of loss from discontinued operations |
|  | December 31, |  |  | December 31, |
|  | 2021 |  |  | 2020 |
REVENUES |  | $ | - |  |  | $ | 1,931 |
COST OF SALES |  |  | - |  |  |  | 265 |
GROSS PROFIT |  |  | - |  |  |  | 1,666 |
OPERATING EXPENSES: |  |  |  |  |  |  |  |
General and administrative |  |  | - |  |  |  | 456,682 |
Selling expenses |  |  | - |  |  |  | 3,656 |
Bad debt expenses |  |  | - |  |  |  | (10,548 | )
Total |  |  | - |  |  |  | 449,790 |
OTHER INCOME (EXPENSE) |  |  |  |  |  |  |  |
Interest income |  |  | - |  |  |  | 217,752 |
Interest expense |  |  | - |  |  |  | - |
other income (expenses) |  |  | - |  |  |  | 8,186 |
Total |  |  | - |  |  |  | 225,938 |
Loss from discontinued operations before income tax |  |  | - |  |  |  | (222,186 | )
Income tax provision |  |  |  |  |  |  | - |
Loss from discontinued operation before noncontrolling interest |  | $ | - |  |  |  | (222,186 | )
Gain on disposal of discontinued operations |  |  | - |  |  |  | 145 |
Less: Net loss attributable to non-controlling interests |  |  | - |  |  |  | - |
LOSS FROM DISCONTINUED OPERATION |  | $ | - |  |  | $ | (222,041 | )
Schedule of assets and liabilities related to discontinued operations |
|  | December 31, 2021 |  |  | December 31, 2020 |
Cash |  | $ | - |  |  | $ | 365,714 |
Other current assets |  |  | - |  |  |  | 243,586 |
Loan receivables |  |  | - |  |  |  | 5,355,944 |
Property, plant and equipment, net |  |  | - |  |  |  | 14,049 |
Amount due from related parties |  |  | 157 |  |  |  | 62,552 |
Total assets related to discontinued operations |  | $ | 157 |  |  | $ | 6,041,845 |
Accounts payable |  | $ | - |  |  | $ | 250,288 |
Accrued expenses |  |  | - |  |  |  | 556,407 |
Loan payables |  |  | - |  |  |  | 379,522 |
Amount due to related parties |  |  | - |  |  |  | 1,068,878 |
Total liabilities related to discontinued operations |  | $ | - |  |  | $ | 2,255,095 |

X
- Definition Tabular disclosure of assets and liabilities related to discontinued operations. + References No definition available. + Details
Name: | ftft_ScheduleOfAssetsAndLiabilitiesRelatedToDiscontinuedOperationsTableTextBlock
Namespace Prefix: | ftft_
Data Type: | dtr:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration