FORTUNE VALLEY TREASURES, INC.: 10-Q filed 2019-05-15

Name: FORTUNE VALLEY TREASURES, INC.: 10-Q filed 2019-05-15
Creator: FORTUNE VALLEY TREASURES, INC.

What FORTUNE VALLEY TREASURES, INC. reported in its quarterly report filed 2019-05-15 (fiscal Q1 2019): 31 published measures, 58 facts as tagged in accession 0001493152-19-007344.

This filing

Form: 10-Q (quarterly report)
Filed: 2019-05-15
Fiscal period: fiscal Q1 2019
Accession: 0001493152-19-007344 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 FORTUNE VALLEY TREASURES, INC. filings.

Reported measures

Total assets

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

Period	Value	Unit	Days
At 2019-03-31	587,123	USD
At 2018-12-31	348,114	USD

Total liabilities

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

Period	Value	Unit	Days
At 2019-03-31	1,010,773	USD
At 2018-12-31	735,342	USD

Stockholders equity

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

Period	Value	Unit	Days
At 2019-03-31	-423,650	USD
At 2018-12-31	-387,228	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit	Days
At 2019-03-31	157,952	USD
At 2018-12-31	29,999	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2019-01-01 to 2019-03-31	-32,928	USD	90
2018-01-01 to 2018-03-31	-96,922	USD	90

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2019-01-01 to 2019-03-31	-31,338	USD	90
2018-01-01 to 2018-03-31	-98,637	USD	90

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

Period	Value	Unit	Days
2019-01-01 to 2019-03-31	42,020	USD	90
2018-01-01 to 2018-03-31	13,747	USD	90

Financing cash flow

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

Period	Value	Unit	Days
2019-01-01 to 2019-03-31	159,116	USD	90
2018-01-01 to 2018-03-31	93,384	USD	90

Retained earnings or deficit

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

Period	Value	Unit	Days
At 2019-03-31	-741,025	USD
At 2018-12-31	-708,097	USD

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2019-01-01 to 2019-03-31	85	USD	90

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.

Period	Value	Unit	Days
At 2019-03-31	9,746	USD
At 2018-12-31	9,809	USD

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.

Period	Value	Unit	Days
2019-01-01 to 2019-03-31	-34,127	USD	90
2018-01-01 to 2018-03-31	-96,431	USD	90

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.

Period	Value	Unit	Days
At 2019-03-31	454,571	USD
At 2018-12-31	338,305	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2019-01-01 to 2019-03-31	59	USD	90
2018-01-01 to 2018-03-31	491	USD	90

Current liabilities

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

Period	Value	Unit	Days
At 2019-03-31	905,113	USD
At 2018-12-31	558,668	USD

Net inventory

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

Period	Value	Unit	Days
At 2019-03-31	216,719	USD
At 2018-12-31	236,175	USD

Gross profit

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

Period	Value	Unit	Days
2019-01-01 to 2019-03-31	13,112	USD	90
2018-01-01 to 2018-03-31	6,188	USD	90

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

Period	Value	Unit	Days
2019-01-01 to 2019-03-31	28,908	USD	90
2018-01-01 to 2018-03-31	7,559	USD	90

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.

Period	Value	Unit	Days
At 2019-03-31	307,750,100	shares
At 2018-12-31	307,750,100	shares

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

Period	Value	Unit	Days
At 2019-03-31	9,625	USD
At 2018-12-31	13,119	USD

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.

Period	Value	Unit	Days
At 2019-03-31	122,806	USD

Gross property, plant and equipment

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

Period	Value	Unit	Days
At 2019-03-31	63,727	USD
At 2018-12-31	62,385	USD

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.

Period	Value	Unit	Days
At 2019-03-31	53,981	USD
At 2018-12-31	52,576	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2019-01-01 to 2019-03-31	-32,843	USD	90
2018-01-01 to 2018-03-31	-96,922	USD	90

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.

Period	Value	Unit	Days
2019-01-01 to 2019-03-31	-36,421	USD	90
2018-01-01 to 2018-03-31	-98,450	USD	90

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.

Period	Value	Unit	Days
2019-01-01 to 2019-03-31	47,239	USD	90
2018-01-01 to 2018-03-31	102,619	USD	90

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.

Period	Value	Unit	Days
2019-01-01 to 2019-03-31	276	USD	90
2018-01-01 to 2018-03-31	1,749	USD	90

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.

Period	Value	Unit	Days
2019-01-01 to 2019-03-31	1,305	USD	90

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.

Period	Value	Unit	Days
2019-01-01 to 2019-03-31	1,284	USD	90
2018-01-01 to 2018-03-31	-491	USD	90

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.

Period	Value	Unit	Days
2018-01-01 to 2018-03-31	-491	USD	90

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2019-01-01 to 2019-03-31	-24,626	USD	90
2018-01-01 to 2018-03-31	-6,634	USD	90

Inspect the source

Entity: FORTUNE VALLEY TREASURES, INC. / CIK 0001626745
Captured: 2026-09-19T11:19:50.035Z
SEC response SHA-256: 1e3ab4bc81f84828b127c92c281409210e355e4533757aace104a94c2c1b3938

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

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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001626745.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))