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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
[1]
Jun. 30, 2022
Jun. 30, 2021
[1]
Income Statement [Abstract]        
Revenue $ 7,418,277 $ 1,346,924 $ 10,884,642 $ 1,354,423
Cost of revenue 6,042,857 1,295,659 7,721,245 1,302,568
Gross profit 1,375,420 51,265 3,163,397 51,855
Operating Expenses        
General and administrative expenses 2,649,979 790,768 6,060,389 2,324,645
Research and dvelopment expenses 770,105 1,203,160
Selling expenses 349,209 10,090 719,678 23,035
Impairment Loss 448,611 697,123
(Recovery) Provision of doubtful debts (29) (30) 1,973 (15,254)
Total operating expenses 4,217,875 800,828 8,682,323 2,332,426
Loss from operations (2,842,455) (749,563) (5,518,926) (2,280,571)
Other (expenses) income        
Interest income 242,713 5,458 415,943 9,569
Interest expenses (2,942) (6,018) (3,913)
Other income (expenses), net 389,938 (532,300) 385,837 457,208
Total other income (expenses), net 629,709 (526,842) 795,762 462,864
Loss from Continuing Operations before Income Tax (2,212,746) (1,276,405) (4,723,164) (1,817,707)
Income tax provision (123,788) (311,741)
Loss from Continuing Operations (2,336,534) (1,276,405) (5,034,905) (1,817,707)
Discontinued Operations (Note 22)        
(Loss) Gain on disposal of discontinued operations (154) 508,407 (154) 156,493
Income from discontinued operations 364,520 460,427
NET LOSS (2,336,688) (403,478) (5,035,059) (1,200,787)
Less: Net Loss attributable to non-controlling interests (226,296) (401,505)
Net loss from continued operations attributable to Future Fintech Group, Inc. (2,110,392) (403,478) (4,633,554) (1,200,787)
Other comprehensive income (loss)        
Loss from continued operations (2,336,534) (1,276,405) (5,034,905) (1,817,707)
Foreign currency translation – continued operations (1,505,190) 18,220 (1,687,807) 30,908
Comprehensive loss - continued operation (3,841,724) (1,258,185) (6,722,712) (1,786,799)
Net income (loss) from discontinued operations (154) 872,927 (154) 616,920
Foreign currency translation – discontinued operations (62,507) 1,049
Comprehensive income (loss) - discontinued operation (154) 810,420 (154) 617,969
Comprehensive Loss (3,841,878) (447,765) (6,722,866) (1,168,830)
Less: Net loss attributable to non-controlling interests (226,296) (401,505)
COMPREHENSIVE LOSS ATTRIBUTABLE TO FUTURE FINTECH GROUP INC. STOCKHOLDERS $ (3,615,582) $ (447,765) $ (6,321,361) $ (1,168,830)
Earnings (Loss) per share:        
Basic loss per share from continued operation (in Dollars per share) $ (0.03) $ (0.02) $ (0.07) $ (0.03)
Basic earnings per share from discontinued operation (in Dollars per share) 0.01 0.01
Basic earnings per share, total (in Dollars per share) (0.03) (0.01) (0.07) (0.02)
Diluted Earnings (Loss) per share:        
Diluted loss per share from continued operation (in Dollars per share) (0.03) (0.02) (0.07) (0.03)
Diluted earnings per share from discontinued operation (in Dollars per share) 0.01 0.01
Diluted earnings per share, total (in Dollars per share) $ (0.03) $ (0.01) $ (0.07) $ (0.02)
Weighted average number of shares outstanding        
Basic (in Shares) 70,067,147 53,798,156 70,067,147 54,324,447
Diluted (in Shares) 70,624,938 54,355,947 70,624,938 54,882,238
[1] Reclassification- certain reclassifications have been made to the financial statements for the period ended June 30, 2021 to conform to the presentation for the period ended June 30, 2022, with no effect on previously reported net income (loss).