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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
[1]
Revenue $ 34,865,553 $ 23,881,006
Gross profit 4,887,695 5,395,446
Operating Expenses    
General and administrative expenses 11,455,557 14,174,820
Research and development expenses 342,985 2,671,748
Stock-based compensation 3,468,000 1,279,740
Selling expenses 599,051 808,358
(Recovery) Provision of doubtful debts (716,913) 26,440
Impairment loss 14,160,931 3,248,805
Total operating expenses 29,309,611 22,209,911
Loss from operations (24,421,916) (16,814,465)
Other (expenses) income    
Interest income 1,344,885 1,311,354
Interest expenses (892)
Other (expenses) income, net (11,321,906) 2,011,044
Total other income, net (9,977,913) 3,322,398
Loss from Continuing Operations before Income Tax (34,399,829) (13,492,067)
Income tax provision (456,598)
Deferred income tax (2,552) (60,504)
Loss from Continuing Operations (34,402,381) (14,009,169)
Discontinued Operations (Note 24)    
Loss from discontinued operations (307,041)
Gain (Loss) on disposal of discontinued operations 386,482 (154)
Net Loss (34,015,899) (14,316,364)
Less: Net Loss attributable to non-controlling interests (362,671) (688,819)
Net loss attributable to Future Fintech Group Inc. (33,653,228) (13,627,545)
Other comprehensive income (loss)    
Loss from Continuing Operations (34,402,381) (14,009,169)
Foreign currency translation – continued operations (484,953) (3,025,143)
Comprehensive income (loss) - continued operation (34,887,334) (17,034,312)
Loss from discontinued operations 386,482 (307,195)
Foreign currency translation - discontinued operation 13,682
Comprehensive loss - discontinued operation 400,164 (307,195)
Comprehensive Loss (34,487,170) (17,341,507)
Less: Net loss attributable to non-controlling interests (362,671) (688,819)
COMPREHENSIVE LOSS ATTRIBUTABLE TO FUTURE FINTECH GROUP INC. STOCKHOLDERS $ (34,124,499) $ (16,652,688)
Earnings (loss) per share:    
Basic loss per share from continued operation (in Dollars per share) $ (2.31) $ (0.93)
Basic loss per share from discontinued operation (in Dollars per share) 0.03 (0.02)
Basic earnings (loss) per share, total (in Dollars per share) (2.28) (0.95)
Diluted Earnings (loss) per share:    
Diluted loss per share (in Dollars per share) (2.31) (0.93)
Diluted loss per share from discontinued operation (in Dollars per share) (0.03) (0.02)
Diluted earnings (loss) per share, total (in Dollars per share) $ (2.28) $ (0.95)
Weighted average number of shares outstanding    
Basic (in Shares) 14,746,726 14,323,422
Diluted (in Shares) 14,788,834 14,533,948
Third party    
Cost $ 28,999,057 $ 17,676,109
Related party    
Cost $ 978,801 $ 809,451
[1] Reclassification- certain reclassifications have been made to the financial statements for the period ended December 31, 2022 to conform to the presentation for the period ended December 31, 2023, with no effect on previously reported net income (loss).