Future FinTech Group Inc.

For the period ended Dec 31, 2024. Filed Apr 15, 2025.

About 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$3.19-8.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 8. Consolidated Statements of Cash Flows

CONSOLIDATED STATEMENTS OF CASH FLOWS

	For the Year Ended
2024 · 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss		$(33,179,687)	$(34,015,899)
Net income (loss) from discontinued operation		1,054,155	(1,188,496)
Net loss from continuing operations		(34,233,842)	(32,827,403)
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation		209,254	201,363
Amortization		57,035	57,035
Provision (Recovery) of doubtful debts		27,350,439	(716,914)
Impairment of goodwill		-	14,148,298
Impairment of short term investment		9,315	12,633
Interest expenses related to convertible note		77,363	-
Share-based payments		670,980	3,468,000
Changes in operating assets and liabilities
Accounts receivable		2,637,772	5,564,429
Other receivables		(10,366,870)	(7,312,243)
Advances to suppliers and other current assets		(5,106,927)	1,219,839
Operating lease assets and liabilities		(8,779)	11,757
Accounts payable		(1,082,414)	(4,407,094)
Accrued expenses		(1,177,100)	6,946,335
Advances from customers		(273,152)	(929,882)
Net cash used in operating activities – continued operations		(21,236,926)	(14,563,847)
Net cash provided by (used in) operating activities – discontinued operations		10,093,999	(24,066)
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property, plant and equipment		(34,056)	(65,653)
Disposal of property and equipment		230,738	32,490
Additions to loan receivables		(421,249)	(9,966,830)
Repayment of loan receivable		280,833	14,107,063
Payment for Short term Investment		946,669	-
Increase of financial products		(1,391)	-
Debt investment		(1,530,243)	-
Acquisition of a subsidiary, net of cash		-	4,679,434
Disposal of a subsidiary, net of cash		(1,101,201)	(5,993)
Net cash (used in) provided by investing activities from continued operations		(1,629,900)	8,780,511
Net cash used in investing activities from discontinued operations		(2,064,479)	(745,440)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from the issuance of common stock, net of issurance costs		2,580,643	-
Notes payable			(3,589,582)
Proceeds from amounts due from related parties, net		166,766	83,055
Repayment of amounts due to related parties, net		(240,238)	-
Proceeds from secured convertible promissory note		-	1,100,723
Net cash provided by (used in) financing activities from continued operations		2,507,171	(2,405,804)
Net cash provided by financing activities from discontinued operations		-	582,056
Effect of change in exchange rate		(239,989)	(188,642)
NET DECREASE IN CASH AND CASH EQUIVALENTS		(12,570,124)	(8,565,232)
Cash and cash equivalents, from the continuing operations beginning of year		17,412,865	27,597,510
Cash and restricted cash at end of year		4,842,741	19,032,278
Less: Cash and cash equivalents from the discontinued operations, end of year		-	(1,619,413)
Cash and cash equivalents, from the continuing operations end of year		4,842,741	17,412,865
SUPPLEMENTARY DISCLOSURE OF SIGNIFICANT NON-CASH TRANSACTION
Conversion of debt		625,000	-
SUPPLEMENTAL CASH FLOW INFORMATION:
Income taxes paid	$	-	$510,838
Interest paid		108,454	-

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.