XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 6,519,391 $ 19,016,198
Short - term investment 959,028
Accounts receivable, net 3,413,565 5,705,877
Advances to suppliers and other current assets 19,210,498 3,829,795
Loan receivables 15,113,651 14,895,086
Other receivables, net 101,491 10,048,248
Assets related to discontinued operation 24,086
TOTAL CURRENT ASSETS 45,141,175 54,490,469
Property, plant and equipment, net 4,523,974 4,579,116
Right of use assets - operation lease 1,360,998 1,282,111
Intangible assets 546,948 588,982
Debt investment 1,826,640
Assets related to discontinued operation 72
TOTAL NON-CURRENT ASSETS 8,258,560 6,450,281
TOTAL ASSETS 53,399,735 60,940,750
CURRENT LIABILITIES    
Accounts payable 1,758,824 3,301,715
Accrued expenses and other payables 13,509,127 11,774,710
Advances from customers 54,075 303,711
Convertible notes payables 939,334 1,100,723
Lease liability - operation lease 575,159 498,736
Liability related to discontinued operation 243,721
TOTAL CURRENT LIABILITIES 16,847,642 17,728,362
NON-CURRENT LIABILITIES    
Lease liability - operation lease 805,982 797,344
TOTAL NON-CURRENT LIABILITIES 805,982 797,344
TOTAL LIABILITIES 17,653,624 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; 20,747,527 shares and 17,834,874 shares issued and outstanding as of September 30, 2024 and December 31, 2023 respectively 20,747 17,835
Additional paid-in capital 236,693,728 233,890,997
Statutory reserve 98,357 98,357
Accumulated deficits (195,896,562) (185,929,662)
Accumulated other comprehensive loss (3,513,832) (4,094,276)
Total Future FinTech Group, Inc. stockholders’ equity 37,402,438 43,983,251
Non-controlling interests (1,656,327) (1,568,207)
TOTAL STOCKHOLDERS’ EQUITY 35,746,111 42,415,044
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 53,399,735 60,940,750
Related Party    
CURRENT ASSETS    
Amount due from related party 782,579 12,151
CURRENT LIABILITIES    
Amounts due to related parties $ 11,123 $ 505,046