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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue $ 5,175,454 $ 23,737,503 $ 14,501,309 $ 30,823,203
Gross profit 1,514,044 1,411,578 5,059,440 3,855,669
Operating Expenses        
General and administrative expenses 3,319,583 3,791,578 10,128,419 9,589,211
Research and development expenses 655 16,831 3,029 339,299
Selling expenses 120,929 108,913 539,419 360,150
Impairment loss 3,872 3,872
Provision (Recovery) of doubtful debts 3,382,819 17,779 3,942,179 (1,152,798)
Total operating expenses 6,823,986 3,938,973 14,613,046 9,139,734
Loss from operations (5,309,942) (2,527,395) (9,553,606) (5,284,065)
Other (expenses) income        
Interest income 253,388 202,493 784,785 903,513
Interest expenses (45,266) (90,914)
Other expense, net 170,279 (55,714) (1,839,878) (1,615,846)
Total other expense, net 378,401 146,779 (1,146,007) (712,333)
Loss from Continuing Operations before Income Tax (4,931,541) (2,380,616) (10,699,613) (5,996,398)
Income tax provision (10,735) (72,287)
Loss from Continuing Operations (4,931,541) (2,391,351) (10,699,613) (6,068,685)
Discontinued Operations        
Loss from discontinued operations (58,342) (271,786)
(Loss) Gain on disposal of discontinued operations (844) 644,593 105,480
NET LOSS (4,932,385) (2,449,693) (10,055,020) (6,234,991)
Less: Net Loss attributable to non-controlling interests (53,666) (41,393) (88,120) (178,223)
Net loss from continued operations attributable to Future Fintech Group, Inc. (4,878,719) (2,408,300) (9,966,900) (6,056,768)
Other comprehensive income (loss)        
Loss from continued operations (4,931,541) (2,391,351) (10,699,613) (6,068,685)
Foreign currency translation – continued operations 741,336 134,980 580,444 (979,589)
Unrealized holding losses on available-for-sale securities (114,293)  
Comprehensive loss - continued operation (4,190,205) (2,370,664) (10,119,169) (7,048,274)
Net (loss) income from discontinued operations (844) (58,342) 644,593 (166,306)
Foreign currency translation – discontinued operations 9,523 39,547
Comprehensive (loss) income - discontinued operation (844) (48,819) 644,593 (126,759)
Comprehensive Loss (4,191,049) (2,419,483) (9,474,576) (7,175,033)
Less: Net loss attributable to non-controlling interests (53,666) (41,393) (88,120) (178,223)
COMPREHENSIVE LOSS ATTRIBUTABLE TO FUTURE FINTECH GROUP INC. STOCKHOLDERS $ (4,137,383) $ (2,378,090) $ (9,386,456) $ (6,996,810)
Earnings (Loss) per share:        
Basic loss per share from continued operation (in Dollars per share) $ (0.24) $ (0.16) $ (0.53) $ (0.4)
Basic earnings per share from discontinued operation (in Dollars per share) 0.03 (0.01)
Basic loss per share (in Dollars per share) (0.24) (0.16) (0.5) (0.41)
Diluted Earnings (Loss) per share:        
Diluted loss per share from continued operation (in Dollars per share) (0.24) (0.16) (0.53) (0.4)
Diluted earnings per share from discontinued operation (in Dollars per share) 0.03 (0.01)
Diluted loss per share (in Dollars per share) $ (0.24) $ (0.16) $ (0.5) $ (0.41)
Weighted average number of shares outstanding        
Basic (in Shares) 20,131,953 14,645,653 20,092,710 14,645,653
Diluted (in Shares) 20,174,061 14,687,761 20,134,818 14,687,761
Third Party        
Cost of revenues $ 2,930,834 $ 22,076,207 $ 8,315,898 $ 26,007,222
Related Party        
Cost of revenues $ 730,576 $ 249,718 $ 1,125,971 $ 960,312