Future FinTech Group Inc
For the period ended Dec 31, 2023. Filed Apr 16, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Apr 16, 2024
FTFT$3.47+5.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, 2023 | December 31, 2022* | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $19,032,278 | $26,071,338 |
| Restricted cash | - | 3,589,582 |
| Short - term investments | 959,028 | 988,073 |
| Accounts receivable, net | 5,705,877 | 7,796,672 |
| Advances to suppliers and other current assets | 3,837,752 | 4,670,264 |
| Loan receivables | 14,895,086 | 19,157,538 |
| Other receivables, net | 10,048,297 | 2,635,224 |
| Amount due from related parties | 12,151 | 53,126 |
| Assets related to discontinued operations | - | 296,654 |
| TOTAL CURRENT ASSETS | $54,490,469 | $65,258,471 |
| Property, plant and equipment, net | $4,579,188 | $4,209,189 |
| Right of use assets - operation lease | 1,282,111 | 1,055,906 |
| Intangible assets | 588,982 | 518,069 |
| Goodwill | - | 13,976,084 |
| TOTAL NON-CURRENT ASSETS | $6,450,281 | $19,759,248 |
| TOTAL ASSETS | $60,940,750 | $85,017,719 |
| LIABILITIES | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $3,320,061 | $3,603,577 |
| Notes payable | - | 3,589,582 |
| Accrued expenses and other payables | 11,997,481 | 2,108,777 |
| Advances from customers | 306,315 | 1,236,241 |
| Convertible notes payables | 1,100,723 | - |
| Lease liability - operation lease | 498,736 | 294,944 |
| Amounts due to related parties | 505,046 | 235,742 |
| Deferred liabilities | - | 7,387,697 |
| Liability related to discontinued operation | - | 114,556 |
| TOTAL CURRENT LIABILITIES | $17,728,362 | $18,571,116 |
| NON-CURRENT LIABILITIES | ||
| Lease liability - operation lease | $797,344 | $760,962 |
| TOTAL NON-CURRENT LIABILITIES | 797,344 | 760,962 |
| TOTAL LIABILITIES | $18,525,706 | $19,332,078 |
| Commitments and contingencies (Note 26) | ||
| STOCKHOLDERS’ EQUITY | ||
| Future FinTech Group, Inc, Stockholders’ equity | ||
| Common stock, $0.001 par value; 60,000,000 shares authorized; 17,834,874 shares and 14,645,653 shares issued and outstanding as of December 31, 2023 and December 31, 2022 respectively* | $17,835 | $14,646 |
| Additional paid-in capital | 233,890,997 | 222,751,657 |
| Statutory reserve | 98,357 | 98,357 |
| Accumulated deficit | (185,929,662) | (152,276,434) |
| Accumulated other comprehensive loss | (4,094,276) | (3,623,005) |
| Total Future FinTech Group, Inc. stockholders’ equity | 43,983,251 | 66,965,221 |
| Non-controlling interests | (1,568,207) | (1,279,580) |
| Total stockholders’ equity | 42,415,044 | 65,685,641 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $60,940,750 | $85,017,719 |
| * | all shares and per share data have been retroactively restated to reflect reverse stock split effected on February 1, 2023. |
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.