XML 20 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]    
Revenue $ 23,881,006 $ 25,050,801
Cost – third party 17,676,109 23,248,936
Cost – related party 809,451
Gross profit 5,395,446 1,801,865
Operating Expenses    
General and administrative expenses 14,473,902 7,678,422
Research and development expenses 2,671,748 698,116
Stock-based compensation 1,279,740 5,487,930
Selling expenses 808,358 366,071
Provision (Recovery) of doubtful debts 26,440 (1,823)
Impairment loss 3,248,805 781,733
Total operating expenses 22,508,993 15,010,449
Loss from operations (17,113,547) (13,208,584)
Other (expenses) income    
Interest income 1,311,354 277,270
Interest expenses (11,696) (14,821)
Other income, net 2,014,781 1,202,510
Total other income, net 3,314,439 1,464,959
Loss from Continuing Operations before Income Tax (13,799,108) (11,743,625)
Income tax provision (456,598) (73,400)
Deferred income tax recovery (60,504)
Loss from Continuing Operations (14,316,210) (11,817,025)
Discontinued Operations (Note 27)    
Loss on disposal of discontinued operations (154) (2,388,900)
Net Loss (14,316,364) (14,205,925)
Less: Net Loss attributable to non-controlling interests (688,819) (610,990)
Net loss attributable to Future Fintech Group Inc. (13,627,545) (13,594,935)
Other comprehensive income (loss)    
Loss from continued operations (14,316,210) (11,817,025)
Foreign currency translation – continued operations (3,025,143) (124,441)
Comprehensive income (loss) - continued operation (17,341,353) (11,941,466)
Loss from discontinued operations (154) (2,388,900)
Foreign currency translation - discontinued operation (75,407)
Comprehensive loss - discontinued operation (154) (2,464,307)
Comprehensive Loss (17,341,507) (14,405,773)
Less: Net loss attributable to non-controlling interests (688,819) (610,990)
COMPREHENSIVE LOSS ATTRIBUTABLE TO FUTURE FINTECH GROUP INC. STOCKHOLDERS $ (16,652,688) $ (13,794,783)
Earnings (loss) per share:    
Basic loss per share from continued operation (in Dollars per share) $ (0.95) $ (0.86)
Basic loss per share from discontinued operation (in Dollars per share) (0.18)
Earnings (loss) per share, total (in Dollars per share) (0.95) (1.04)
Diluted Earnings (loss) per share:    
Diluted loss per share (in Dollars per share) (0.95) (0.82)
Diluted loss per share from discontinued operation (in Dollars per share) (0.18)
Diluted earnings per share, total (in Dollars per share) $ (0.95) $ (1)
Weighted average number of shares outstanding    
Basic (in Shares) 14,323,422 13,088,090
Diluted (in Shares) 14,533,948 13,645,881