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Future FinTech Group Inc.: 10-Q filed 2023-08-21

What Future FinTech Group Inc. reported in its quarterly report filed 2023-08-21 (fiscal Q2 2023): 40 published measures, 106 facts as tagged in accession 0001213900-23-069361.

This filing

Form
10-Q (quarterly report)
Filed
2023-08-21
Fiscal period
fiscal Q2 2023
Accession
0001213900-23-069361 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All Future FinTech Group Inc. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

PeriodValueUnitDays
At 2023-06-3090,929,817USD
At 2022-12-3185,017,719USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

PeriodValueUnitDays
At 2023-06-3029,999,726USD
At 2022-12-3119,332,078USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2023-06-3062,346,501USD
At 2022-12-3166,965,221USD

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

PeriodValueUnitDays
2023-04-01 to 2023-06-303,808,991USD91
2023-01-01 to 2023-06-307,202,956USD181
2022-04-01 to 2022-06-307,418,277USD91
2022-01-01 to 2022-06-3010,884,642USD181

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2022-01-01 to 2022-06-304,136,402USD181

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

PeriodValueUnitDays
2023-01-01 to 2023-06-3014,639,523USD181
2022-01-01 to 2022-06-30-5,985,370USD181

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2023-06-30-155,924,902USD
At 2022-12-31-152,276,434USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

PeriodValueUnitDays
2023-04-01 to 2023-06-3014,645,653shares91
2023-01-01 to 2023-06-3014,645,653shares181
2022-04-01 to 2022-06-3013,088,090shares91
2022-01-01 to 2022-06-3013,088,090shares181

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

PeriodValueUnitDays
2023-04-01 to 2023-06-3014,687,761shares91
2023-01-01 to 2023-06-3014,687,761shares181
2022-04-01 to 2022-06-3013,645,881shares91
2022-01-01 to 2022-06-3013,645,881shares181

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

PeriodValueUnitDays
At 2023-06-304,379,329USD
At 2022-12-314,417,281USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

PeriodValueUnitDays
2022-01-01 to 2022-06-30893,250USD181

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

PeriodValueUnitDays
2023-04-01 to 2023-06-30-339,563USD91
2023-01-01 to 2023-06-30-2,968,314USD181
2022-04-01 to 2022-06-30-2,842,455USD91
2022-01-01 to 2022-06-30-5,518,926USD181

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

PeriodValueUnitDays
At 2023-06-3071,200,600USD
At 2022-12-3165,050,379USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2023-06-3029,413,044USD
At 2022-12-3118,571,116USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

PeriodValueUnitDays
At 2023-06-30396,591USD
At 2022-12-313,603,577USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

PeriodValueUnitDays
At 2023-06-3013,976,084USD
At 2022-12-3113,976,084USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

PeriodValueUnitDays
At 2023-06-30489,551USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

PeriodValueUnitDays
At 2023-06-302,708,493USD
At 2022-12-317,796,672USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

PeriodValueUnitDays
2023-04-01 to 2023-06-301,598,730USD91
2023-01-01 to 2023-06-305,435,118USD181
2022-04-01 to 2022-06-304,217,875USD91
2022-01-01 to 2022-06-308,682,323USD181

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

PeriodValueUnitDays
At 2023-06-30489,551USD
At 2022-12-31518,069USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

PeriodValueUnitDays
2023-04-01 to 2023-06-301,259,167USD91
2023-01-01 to 2023-06-302,466,804USD181
2022-04-01 to 2022-06-301,375,420USD91
2022-01-01 to 2022-06-303,163,397USD181

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

PeriodValueUnitDays
2023-01-01 to 2023-06-30149,803USD181
2022-01-01 to 2022-06-3090,182USD181

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

PeriodValueUnitDays
2023-04-01 to 2023-06-30116,366USD91
2023-01-01 to 2023-06-30325,089USD181
2022-04-01 to 2022-06-30770,105USD91
2022-01-01 to 2022-06-301,203,160USD181

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

PeriodValueUnitDays
At 2023-06-3014,645,653shares
At 2022-12-3114,645,653shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

PeriodValueUnitDays
At 2023-06-3036,786,970USD
At 2022-12-3129,735,170USD
At 2022-06-3042,031,220USD
At 2021-12-3150,273,517USD

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

PeriodValueUnitDays
At 2023-06-30222,751,657USD
At 2022-12-31222,751,657USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

PeriodValueUnitDays
At 2023-06-3060,930,091USD
At 2023-03-3164,023,104USD
At 2022-12-3165,685,641USD
At 2022-06-3075,024,542USD
At 2022-03-3178,866,420USD
At 2021-12-3180,854,158USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

PeriodValueUnitDays
At 2023-06-30884,253USD
At 2022-12-311,055,906USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

PeriodValueUnitDays
At 2023-06-301,458,904USD
At 2022-12-311,327,762USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

PeriodValueUnitDays
At 2023-06-30430,112USD
At 2022-12-31277,094USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

PeriodValueUnitDays
At 2023-06-30489,551USD
At 2022-12-31518,069USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2023-06-3019,910,613USD
At 2022-12-314,670,264USD

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

PeriodValueUnitDays
2023-04-01 to 2023-06-30-1,537,821USD91
2023-01-01 to 2023-06-30-3,785,298USD181
2022-04-01 to 2022-06-30-2,336,688USD91
2022-01-01 to 2022-06-30-5,035,059USD181

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

PeriodValueUnitDays
2023-04-01 to 2023-06-30-3,027,196USD91
2023-01-01 to 2023-06-30-4,618,720USD181
2022-04-01 to 2022-06-30-3,615,582USD91
2022-01-01 to 2022-06-30-6,321,361USD181

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

PeriodValueUnitDays
2023-04-01 to 2023-06-302,545,955USD91
2023-01-01 to 2023-06-306,024,355USD181
2022-04-01 to 2022-06-302,649,979USD91
2022-01-01 to 2022-06-306,060,389USD181

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

PeriodValueUnitDays
2023-01-01 to 2023-06-30149,803USD181
2022-01-01 to 2022-06-3090,182USD181

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

PeriodValueUnitDays
2023-04-01 to 2023-06-30-1,513,440USD91
2023-01-01 to 2023-06-30-1,561,949USD181
2022-04-01 to 2022-06-30389,938USD91
2022-01-01 to 2022-06-30385,837USD181

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

PeriodValueUnitDays
2023-04-01 to 2023-06-30-1,267,860USD91
2023-01-01 to 2023-06-30-860,912USD181
2022-04-01 to 2022-06-30629,709USD91
2022-01-01 to 2022-06-30795,762USD181

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

PeriodValueUnitDays
2022-01-01 to 2022-06-306,018USD181

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

PeriodValueUnitDays
2023-01-01 to 2023-06-30-3,206,986USD181
2022-01-01 to 2022-06-3028,461USD181

Inspect the source

Entity
Future FinTech Group Inc. / CIK 0001066923
Captured
2026-09-20T05:19:00.473Z
SEC response SHA-256
0dad6829209dfc28936d7ce719ddc9fa56ada1709f7c7538e2d861ca3dbab63e

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

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with urlopen("https://canlicapital.com/company-data/0001066923.json") as response:
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print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
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