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Condensed Consolidated Balance Sheets (Unaudited)
¥ in Thousands
Mar. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
CURRENT ASSETS    
Cash and cash equivalents $ 14,886,541 $ 19,032,278
Short - term investment 959,028
Accounts receivable, net 4,618,861 5,705,877
Notes receivable 650,000
Advances to suppliers and other current assets 18,391,419 3,837,752
Loan receivables 14,882,847 14,895,086
Other receivables, net 101,098 10,048,297
TOTAL CURRENT ASSETS 53,615,942 54,490,469
Property, plant and equipment, net 4,608,429 4,579,188
Right of use assets - operation lease 1,111,533 1,282,111
Intangible assets 574,548 588,982
TOTAL NON-CURRENT ASSETS 6,294,510 6,450,281
TOTAL ASSETS 59,910,452 60,940,750
CURRENT LIABILITIES    
Accounts payable 2,245,287 3,320,061
Accrued expenses and other payables 13,189,384 11,997,481
Advances from customers 53,494 306,315
Convertible notes payables 1,122,663 1,100,723
Lease liability - operation lease 382,172 498,736
TOTAL CURRENT LIABILITIES 17,539,753 17,728,362
NON-CURRENT LIABILITIES    
Lease liability - operation lease 746,265 797,344
TOTAL NON-CURRENT LIABILITIES 746,265 797,344
TOTAL LIABILITIES 18,286,018 18,525,706
Commitments and contingencies (Note 22)
Future FinTech Group, Inc, Stockholders’ equity    
Common stock, $0.001 par value; 60,000,000 shares authorized; 19,985,410 shares and 17,834,874 shares issued and outstanding as of March 31, 2024 and December 31, 2023 respectively 19,985 17,835
Additional paid-in capital 236,469,490 233,890,997
Statutory reserve 98,357 98,357
Accumulated deficits (189,256,870) (185,929,662)
Accumulated other comprehensive loss (4,141,900) (4,094,276)
Total Future FinTech Group, Inc. stockholders’ equity 43,189,062 43,983,251
Non-controlling interests (1,564,628) (1,568,207)
TOTAL STOCKHOLDERS’ EQUITY 41,624,434 42,415,044
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 59,910,452 60,940,750
Related Party    
CURRENT ASSETS    
Amount due from related party 86,832 12,151
CURRENT LIABILITIES    
Amounts due to related parties $ 546,753 $ 505,046