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Discontinued Operations
 12 Months Ended
Dec. 31, 2022
Discontinued Operations [Abstract]  
DISCONTINUED OPERATIONS

27. DISCONTINUED OPERATIONS

 

On March 18, 2021, Chain Future Digital Tech (Beijing) Co., Ltd. was deregistered.

 

On April 9, 2021, FT Commercial Management (Beijing) Co., Ltd. was dissolved and deregistered.

 

On August 2, 2021, the Company sold Guangchengji (Guangdong) Industrial Co., Ltd. to an unrelated third party.

 

On September 2, 2021, Future Supply Chain Co., Ltd. discontinued its operations, and on November 4, 2021, it was transferred to Shaanxi Fu Chen Venture Capital Management Co. Ltd.

 

On June 27, 2022, Chain Cloud Mall Logistics Center (Shanxi) Co., Ltd. was dissolved and deregistered.

 

Loss from discontinued operations for fiscal years 2022 and 2021 was as follows: 

 

   December 31,   December 31, 
   2022   2021 
REVENUES  $
-
   $
-
 
COST OF SALES   
-
    
-
 
GROSS PROFIT   
-
    
-
 
           
OPERATING EXPENSES:          
General and administrative   
-
    
-
 
Selling expenses   
-
    
-
 
Bad debt expenses   
-
    
-
 
Total   
-
    
-
 
           
OTHER INCOME (EXPENSE)          
Interest income   
-
    
-
 
Interest expense   
-
    
-
 
Other income (expenses)   
-
    
-
 
Total   
-
    
-
 
Loss from discontinued operations before income tax   
-
    
-
 
Income tax provision   
 
    
 
 
Loss from discontinued operation before noncontrolling interest  $
-
    
-
 
Loss on disposal of discontinued operations   (154)   (2,388,900)
Less: Net loss attributable to non-controlling interests   
-
    
-
 
LOSS FROM DISCONTINUED OPERATION  $(154)  $(2,388,900)

 

The major components of assets and liabilities related to discontinued operations are summarized below:

 

   December 31,
2022		   December 31,
2021		 
Amount due from related parties  $
    -
   $157 
Total assets related to discontinued operations  $
-
   $157 
           
Total liabilities related to discontinued operations  $
-
   $
-