XML 21 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]    
Revenue $ 25,050,801 $ 368,726
Cost of goods sold 23,248,936 35,021
Gross profit 1,801,865 333,705
Operating Expenses    
General and administrative expenses 7,678,422 4,075,221
Research and development expenses 698,116
Stock compensation expense 5,487,930 5,940,000
Selling expenses 366,071 36,029
Bad debt provision (1,823) 3,569,952
Impairment Loss 781,733 1,759,059
Total operating expenses 15,010,449 15,380,261
Loss from operations (13,208,584) (15,046,556)
Other (expenses) income    
Interest income 277,270 464
Interest expenses (14,821) (372,168)
Loss on debt settlement and conversion (2,599,303)
Impairment loss on equity investment (12,250,000)
Other income(expenses), net 1,202,510 (8,249)
Total other income (expenses), net 1,464,959 (15,229,256)
Loss from Continuing Operations before Income Tax (11,743,625) (30,275,812)
Income tax provision (73,400)
Loss from Continuing Operations (11,817,025) (30,275,812)
Discontinued Operations (Note 25)    
Gain on disposal of discontinued operations (2,388,900) 119,428,164
Income (loss) from discontinued operations (222,041)
Net Income (Loss) (14,205,925) 88,930,311
Less: Net Loss attributable to non-controlling interests (610,990)  
Net income(loss) from discontinued operations attributable to Future Fintech Group Inc. (13,594,935) 88,930,311
Other comprehensive income (loss)    
Income (loss) from continued operations (11,817,025) (30,275,812)
Foreign currency translation – continued operations (124,441) (7,343,052)
Comprehensive income (loss) - continued operation (11,941,466) (37,618,864)
Income (loss) from discontinued operations (2,388,900) 119,206,123
Foreign currency translation - discontinued operation (75,407) (6,044,370)
Comprehensive (loss) income - discontinued operation (2,464,307) 113,161,753
Comprehensive Income (Loss) (14,405,773) 75,542,889
Less: Net loss attributable to non-controlling interests (610,990)
COMPREHENSIVE LOSS ATTRIBUTABLE TO FUTURE FINTECH GROUP INC. STOCKHOLDERS $ (13,794,783) $ 75,542,889
Earnings (loss) per share:    
Basic earnings (loss) per share from continued operation (in Dollars per share) $ (0.17) $ (0.8)
Basic earnings (loss) per share from discontinued operation (in Dollars per share) (0.04) 3.13
Earnings (loss) per share, total (in Dollars per share) (0.21) 2.33
Diluted Earnings (loss) per share:    
Diluted loss per share (in Dollars per share) (0.17) (0.7)
Diluted earnings (loss) per share from discontinued operation (in Dollars per share) (0.04) 2.76
Diluted Earnings (loss) per share, total (in Dollars per share) $ (0.21) $ 2.06
Weighted average number of shares outstanding    
Basic (in Shares) 65,326,325 38,057,065
Diluted (in Shares) 65,884,116 43,147,644