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Consolidated Balance Sheets
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
CURRENT ASSETS    
Cash and cash equivalents $ 26,145,588 $ 50,273,517
Restricted cash 3,589,582
Short - term investments 988,073 2,191,294
Accounts receivable, net 7,796,672 9,101,816
Advances to suppliers and other current assets 4,670,264 2,927,699
Loan receivables 19,157,538 6,000,000
Other receivables, net 2,649,536 1,965,159
Amount due from related parties 53,126 261,413
Assets related to discontinued operations 157
TOTAL CURRENT ASSETS 65,050,379 72,721,055
Property, plant and equipment, net 4,417,281 3,163,052
Right of use assets - operation lease 1,055,906 113,163
Intangible assets 518,069 76,140
Goodwill 13,976,084 15,583,675
TOTAL NON-CURRENT ASSETS 19,967,340 18,936,030
TOTAL ASSETS 85,017,719 91,657,085
CURRENT LIABILITIES    
Accounts payable 3,603,577 79
Notes payable 3,589,582
Accrued expenses and other payables 2,214,256 1,298,598
Advances from customers 1,236,241 2,893
Dividend payables 63,477
Lease liability - operation lease 294,944 113,163
Amounts due to related parties 244,819 992,702
Deferred liabilities 7,387,697 3,740,260
Short term loans 1,019,496
TOTAL CURRENT LIABILITIES 18,571,116 7,230,668
NON-CURRENT LIABILITIES    
Long term debt 188,215
Lease liability - operation lease 760,962
Deferred liabilities 3,384,044
TOTAL NON-CURRENT LIABILITIES 760,962 3,572,259
TOTAL LIABILITIES 19,332,078 10,802,927
Commitments and contingencies (Note 29)
Future FinTech Group, Inc, Stockholders’ equity    
Common stock, $0.001 par value; 60,000,000 shares authorized; 14,645,653 shares and 14,036,253 shares issued and outstanding as of December 31, 2022 and December 31, 2021 respectively [1] 14,646 14,036
Additional paid-in capital 222,751,657 220,579,277
Statutory reserve 98,357 61,382
Accumulated deficit (152,276,434) (138,611,914)
Accumulated other comprehensive loss (3,623,005) (597,862)
Total Future FinTech Group, Inc. stockholders’ equity 66,965,221 81,444,919
Non-controlling interests (1,279,580) (590,761)
Total stockholders’ equity 65,685,641 80,854,158
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 85,017,719 $ 91,657,085
[1] all shares and per share data have been retroactively restated to reflect reverse stock split effected on February 1, 2023.