XML 34 R24.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Deferred Liabilities | 9 Months Ended
--- | ---
Sep. 30, 2022
Deferred Liabilities [Abstract] |
DEFERRED LIABILITIES | 18. DEFERRED LIABILITIES As of September 30, 2022, the balance of deferred liabilities mainly represented an amount of $7.39 million that arose from the payment for the remaining 40% of the Purchase Price of the acquisition of Nice Talent Asset Management Limited (“Nice Talent”). 20% of the Purchase Price (current $3.74 million, non-current $3.65 million) shall be paid in shares of common stock of the Company upon the completion of the audited reports for Nice Talent for each of the years ended on December 31, 2021 and December 31, 2022, respectively. Nice Talent has met the performance requirements for the year ended on December 31, 2021 and the first 20% of the Purchase Price in shares of common stock of the Company has been paid in July 2022, and the final 20% of the Purchase Price has not been paid in the shares of common stock of the Company as of the date of this report as it is subject to the performance of Nice Talent for the year ended of December 31, 2022. As of December 31, 2021, the balance of deferred liabilities mainly represented an amount of $7.12 million that arose from the payment for the remaining 40% of the Purchase Price of the acquisition of Nice Talent Asset Management Limited (“Nice Talent”). 20% of the Purchase Price (current $3.74 million, non-current $3.38 million) shall be paid in shares of common stock of the Company upon the completion of the audited reports for Nice Talent for each of the years ended on December 31, 2021 and December 31, 2022, respectively.

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

X
- Definition The entire disclosure for deferred liabilites. + References No definition available. + Details
Name: | ftft_DeferredLiabilitesTableTextBlock
Namespace Prefix: | ftft_
Data Type: | dtr:textBlockItemType
Balance Type: | na
Period Type: | duration