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Discontinued Operations
 3 Months Ended
Mar. 31, 2024
Discontinued Operations [Abstract]  
DISCONTINUED OPERATIONS

20. DISCONTINUED OPERATIONS

  

On June 16, 2023, QR (HK) Limited was dissolved and deregistered.

 

On December 5, 2023, FTFT PARAGUAY S.A. was dissolved.

 

On March 7, 2024, Chain Cloud Mall Network and Technology (Tianjin) Co., Limited was dissolved and deregistered.

 

Loss from discontinued operations for the three months ended March 31, 2024 and 2023 was as follows: 

 

   December 31,   March 31, 
   2024   2023 
REVENUES  $
-
   $29,515 
COST OF SALES   
-
    23,494 
GROSS PROFIT   
-
    6,021 
           
OPERATING EXPENSES:          
General and administrative   
-
    102,572 
Research and Development expenses   
-
    2,724 
Selling expenses   
-
    5,277 
Total   
-
    110,573 
           
OTHER INCOME (EXPENSE)          
Interest income   
-
    4 
Interest expense   
-
    (2,842)
Other expense   
-
    (938)
Total   
-
    (3,776)
Loss from discontinued operations before income tax   
-
    (108,328)
Income tax provision   
-
    
-
 
Loss from discontinued operation before noncontrolling interest  $
-
    
-
 
Gain on disposal of discontinued operations   645,437    
-
 
Less: Net loss attributable to non-controlling interests   
-
    
-
 
INCOME (LOSS) FROM DISCONTINUED OPERATION  $645,437   $(108,328)

 

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

 

    December 31,
2024		    December 31,
2023		 
Cash and cash equivalents  $
     -
   $
-
 
Total assets related to discontinued operations  $
-
   $
-
 
Total liabilities related to discontinued operations  $
-
   $
-