XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Revenue $ 11,959,019 $ 11,745,027 $ 22,843,661 $ 12,503,894
Cost of revenue 10,465,893 10,761,943 18,187,138 12,064,511
Gross profit 1,493,126 983,084 4,656,523 439,383
Operating Expenses        
General and administrative expenses 3,558,700 2,243,169 9,619,115 4,567,813
Research and development expenses 790,922 1,994,082
Stock compensation expense 1,279,740 5,487,930 1,279,740 5,487,930
Selling expenses 274,109 112,412 993,787 135,448
Impairment Loss 228,963 926,086
(Recovery) Provision of doubtful debts 1,947 (15,255)
Total operating expenses 6,132,434 7,843,511 14,814,757 10,175,936
Loss from operations (4,639,308) (6,860,427) (10,158,234) (9,736,553)
Other (expenses) income        
Interest income 429,971 100,521 845,914 110,090
Interest expenses (3,352) (9,370) (3,913)
Other income , net 780,229 125,520 1,166,066 582,728
Total other income, net 1,206,848 226,041 2,002,610 688,905
Loss from Continuing Operations before Income Tax (3,432,460) (6,634,386) (8,155,624) (9,047,648)
Income tax provision (201,437) (513,178)
Loss from Continuing Operations (3,633,897) (6,634,386) (8,668,802) (9,047,648)
Discontinued Operations (Note 22)        
Loss on disposal of discontinued operations (3,679,447) (154) (3,523,652)
(Loss) Income from discontinued operations (180,344)   876,336
NET LOSS (3,633,897) (10,494,177) (8,668,956) (11,694,964)
Less: Net Loss attributable to non-controlling interests (102,398) (183,992) (503,903) (183,992)
Net loss from continued operations attributable to Future Fintech Group, Inc. (3,531,499) (10,310,185) (8,165,053) (11,510,972)
Other comprehensive income (loss)        
Loss from continued operations (3,633,897) (6,634,386) (8,668,802) (9,047,648)
Foreign currency translation – continued operations (1,834,957) (554,495) (3,522,764) (457,339)
Comprehensive loss - continued operation (5,468,854) (7,188,881) (12,191,566) (9,504,987)
Net (loss) from discontinued operations (3,859,791) (154) (2,647,316)
Foreign currency translation – discontinued operations 133,368 68,169
Comprehensive loss - discontinued operation (3,726,423) (154) (2,579,147)
Comprehensive Loss (5,468,854) (10,915,304) (12,191,720) (12,084,134)
Less: Net loss attributable to non-controlling interests (102,398) (183,992) (503,903) (183,992)
COMPREHENSIVE LOSS ATTRIBUTABLE TO FUTURE FINTECH GROUP INC. STOCKHOLDERS $ (5,366,456) $ (10,731,312) $ (11,687,817) $ (11,900,142)
Earnings (Loss) per share:        
Basic loss per share from continued operation (in Dollars per share) $ (0.05) $ (0.1) $ (0.12) $ (0.14)
Basic earnings per share from discontinued operation (in Dollars per share) (0.06) (0.04)
Basic earnings per share, total (in Dollars per share) (0.05) (0.16) (0.12) (0.18)
Diluted Earnings (Loss) per share:        
Diluted loss per share from continued operation (in Dollars per share) (0.05) (0.1) (0.11) (0.14)
Diluted earnings per share from discontinued operation (in Dollars per share) (0.06) (0.04)
Diluted earnings per share, total (in Dollars per share) $ (0.05) $ (0.16) $ (0.11) $ (0.18)
Weighted average number of shares outstanding        
Basic (in Shares) 70,960,041 66,457,193 70,960,041 63,728,685
Diluted (in Shares) 71,517,832 67,014,984 71,517,832 64,286,476