Future FinTech Group Inc.
For the period ended Dec 31, 2024. Filed Apr 15, 2025.
View on SEC.govAbout this filing
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.
FY2024 · Filed Apr 15, 2025
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, 2024 · December 31, 2023* | |||
|---|---|---|---|
| ASSETS | |||
| CURRENT ASSETS | |||
| Cash and cash equivalents | $4,842,741 | $17,412,865 | |
| Short - term investments | 1,391 | 959,028 | |
| Accounts receivable, net | 2,088,962 | 4,409,812 | |
| Advances to suppliers and other current assets | 4,974,277 | 3,437,925 | |
| Loan receivables | 7,094,764 | 14,895,086 | |
| Other receivables, net | 1,694,752 | 7,589,038 | |
| Amount due from related parties | 20,000 | 12,151 | |
| Assets related to discontinued operations | - | 5,774,564 | |
| TOTAL CURRENT ASSETS | $20,716,887 | $54,490,469 | |
| Property, plant and equipment, net | $2,599,194 | $2,812,151 | |
| Right of use assets - operation lease | 523,792 | 448,035 | |
| Intangible assets | 532,822 | 588,982 | |
| Debt investment | 1,530,243 | - | |
| Assets related to discontinued operation | - | 2,601,113 | |
| TOTAL NON-CURRENT ASSETS | $5,186,051 | $6,450,281 | |
| TOTAL ASSETS | $25,902,938 | $60,940,750 | |
| LIABILITIES | |||
| CURRENT LIABILITIES | |||
| Accounts payable | $2,219,301 | $3,301,715 | |
| Accrued expenses and other payables | 9,938,495 | 11,115,595 | |
| Advances from customers | 30,559 | 303,711 | |
| Convertible notes payables | 553,086 | 1,100,723 | |
| Lease liability - operation lease | 334,017 | 353,268 | |
| Amounts due to related parties | 37,907 | 103,530 | |
| Liability related to discontinued operation | - | 1,449,820 | |
| TOTAL CURRENT LIABILITIES | $13,113,365 | $17,728,362 | |
| NON-CURRENT LIABILITIES | |||
| Lease liability - operation lease | 192,754 | 106,525 | |
| Liability related to discontinued operation | $ | - | $690,819 |
| TOTAL NON-CURRENT LIABILITIES | 192,754 | 797,344 | |
| TOTAL LIABILITIES | $13,306,119 | $18,525,706 | |
| Commitments and contingencies (Note 23) | |||
| STOCKHOLDERS’ EQUITY | |||
| Future FinTech Group, Inc, Stockholders’ equity | |||
| Common stock, $0.001 par value; 60,000,000 shares authorized; 24,470,844 shares and 17,834,874 shares issued and outstanding as of December 31, 2024 and December 31, 2023 respectively* | $24,470 | $17,835 | |
| Additional paid-in capital | 237,474,153 | 233,890,997 | |
| Statutory reserve | 98,357 | 98,357 | |
| Accumulated deficit | (218,885,534) | (185,929,662) | |
| Accumulated other comprehensive loss | (4,248,561) | (4,094,276) | |
| Total Future FinTech Group, Inc. stockholders’ equity | 14,462,885 | 43,983,251 | |
| Non-controlling interests | (1,866,066) | (1,568,207) | |
| Total stockholders’ equity | 12,596,819 | 42,415,044 | |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $25,902,938 | $60,940,750 | |
| * | 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.