XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 32,964,659 $ 50,273,517
Short term Investment 969,258 2,191,294
Accounts receivable, net 1,452,976 9,101,816
Advances to suppliers and other current assets 8,429,761 2,927,699
Loan receivables 19,496,732 6,000,000
Other receivables, net 3,042,312 1,965,159
Amount due from related parties 7,307 261,413
Assets related to discontinued operations 157
TOTAL CURRENT ASSETS 66,363,005 72,721,055
Property, plant and equipment, net 3,350,997 3,163,052
Right of use assets 310,789 113,163
Intangible assets 653,772 76,140
Goodwill 15,734,354 15,583,675
TOTAL NON-CURRENT ASSETS 20,049,912 18,936,030
TOTAL ASSETS 86,412,917 91,657,085
Accounts payable 34,758 79
Notes payable 2,816,981
Accrued expenses and other payables 1,546,266 1,298,598
Advances from customers 3,242,126 2,893
Dividend payables 63,477
Lease liability 151,692 113,163
Amounts due to related parties 238,402 992,702
Deferred liabilities 3,740,260 3,740,260
Liabilities related to discontinued operations 1,019,496
TOTAL CURRENT LIABILITIES 11,770,485 7,230,668
Long term debt   188,215
Lease liability 159,097  
Deferred liabilities 3,647,907 3,384,044
TOTAL NON-CURRENT LIABILITIES 3,807,004 3,572,259
TOTAL LIABILITIES 15,577,489 10,802,927
Commitments and contingencies (Note 24)
Common stock, $0.001 par value; 300,000,000 shares authorized; 73,114,147 shares and 70,067,147 shares issued and outstanding as of September 30, 2022 and December 31, 2021 respectively 73,114 70,067
Additional paid-in capital 222,693,189 220,523,246
Statutory reserve 61,382 61,382
Accumulated deficits (146,776,967) (138,611,914)
Accumulated other comprehensive loss (4,120,626) (597,862)
Total Future FinTech Group, Inc. stockholders’ equity 71,930,092 81,444,919
Non-controlling interests (1,094,664) (590,761)
Total stockholders’ equity 70,835,428 80,854,158
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 86,412,917 $ 91,657,085