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FORTUNE VALLEY TREASURES, INC.: 10-Q filed 2024-08-14

What FORTUNE VALLEY TREASURES, INC. reported in its quarterly report filed 2024-08-14 (fiscal Q2 2024): 52 published measures, 138 facts as tagged in accession 0001493152-24-031979.

This filing

Form
10-Q (quarterly report)
Filed
2024-08-14
Fiscal period
fiscal Q2 2024
Accession
0001493152-24-031979 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.

PeriodValueUnitDays
At 2024-06-304,595,437USD
At 2023-12-316,249,169USD

Total liabilities

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

PeriodValueUnitDays
At 2024-06-304,479,440USD
At 2023-12-314,258,331USD

Stockholders equity

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

PeriodValueUnitDays
At 2024-06-30297,322USD
At 2023-12-312,119,679USD

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.

PeriodValueUnitDays
At 2024-06-307,410USD
At 2023-12-31288,255USD

Net income or loss

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

PeriodValueUnitDays
2024-04-01 to 2024-06-30-729,476USD91
2024-01-01 to 2024-06-30-1,729,007USD182
2023-04-01 to 2023-06-30-386,825USD91
2023-01-01 to 2023-06-30-475,644USD181

Operating cash flow

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

PeriodValueUnitDays
2024-01-01 to 2024-06-30-274,805USD182
2023-01-01 to 2023-06-30-85,816USD181

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

PeriodValueUnitDays
2023-01-01 to 2023-06-304,786USD181

Revenue

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

PeriodValueUnitDays
2024-01-01 to 2024-06-309,751USD182
2023-01-01 to 2023-06-3069,598USD181

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.

PeriodValueUnitDays
2024-04-01 to 2024-06-30247,061USD91
2024-01-01 to 2024-06-30514,883USD182
2023-04-01 to 2023-06-301,272,597USD91
2023-01-01 to 2023-06-302,907,886USD181

Financing cash flow

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

PeriodValueUnitDays
2024-01-01 to 2024-06-30-130USD182
2023-01-01 to 2023-06-3042,802USD181

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 2023-06-30-5,488USD181

Retained earnings or deficit

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

PeriodValueUnitDays
At 2024-06-30-10,280,026USD
At 2023-12-31-8,551,019USD

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
2024-04-01 to 2024-06-3015,655,038shares91
2024-01-01 to 2024-06-3015,655,038shares182
2023-04-01 to 2023-06-3015,655,038shares91
2023-01-01 to 2023-06-3015,655,038shares181

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
2024-04-01 to 2024-06-3015,655,038shares91
2024-01-01 to 2024-06-3015,655,038shares182
2023-04-01 to 2023-06-3015,655,038shares91
2023-01-01 to 2023-06-3015,655,038shares181

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

PeriodValueUnitDays
2024-04-01 to 2024-06-30-0.05USD/shares91
2024-01-01 to 2024-06-30-0.11USD/shares182
2023-04-01 to 2023-06-30-0.02USD/shares91
2023-01-01 to 2023-06-30-0.03USD/shares181

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

PeriodValueUnitDays
2024-04-01 to 2024-06-30-0.05USD/shares91
2024-01-01 to 2024-06-30-0.11USD/shares182
2023-04-01 to 2023-06-30-0.02USD/shares91
2023-01-01 to 2023-06-30-0.03USD/shares181

Income tax expense or benefit

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

PeriodValueUnitDays
2024-04-01 to 2024-06-3090USD91
2024-01-01 to 2024-06-30409USD182
2023-04-01 to 2023-06-3021,528USD91
2023-01-01 to 2023-06-3096,502USD181

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 2024-06-3065,544USD
At 2023-12-3183,706USD

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
2024-04-01 to 2024-06-30-772,150USD91
2024-01-01 to 2024-06-30-1,765,091USD182
2023-04-01 to 2023-06-30-420,789USD91
2023-01-01 to 2023-06-30-427,504USD181

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 2024-06-303,652,437USD
At 2023-12-315,083,189USD

Current liabilities

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

PeriodValueUnitDays
At 2024-06-304,153,090USD
At 2023-12-313,851,925USD

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 2024-06-30518,058USD
At 2023-12-31583,887USD

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 2024-06-3046,364USD

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 2024-06-302,155,612USD
At 2023-12-313,118,892USD

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 2024-06-3034,546USD
At 2023-12-3132,587USD

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
2024-04-01 to 2024-06-3044,276USD91
2024-01-01 to 2024-06-3099,209USD182
2023-04-01 to 2023-06-30619,799USD91
2023-01-01 to 2023-06-301,577,721USD181

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.

PeriodValueUnitDays
2024-04-01 to 2024-06-30202,785USD91
2024-01-01 to 2024-06-30415,674USD182
2023-04-01 to 2023-06-30652,798USD91
2023-01-01 to 2023-06-301,330,165USD181

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 2024-06-3015,655,038shares
At 2023-12-3115,655,038shares

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.

PeriodValueUnitDays
At 2024-06-30-499,540USD
At 2023-12-31-406,190USD

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 2024-06-30115,997USD
At 2024-03-31920,427USD
At 2023-12-311,990,838USD
At 2023-06-305,588,943USD
At 2023-03-316,456,205USD
At 2022-12-316,499,909USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

PeriodValueUnitDays
At 2024-06-30211,853USD

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

PeriodValueUnitDays
At 2024-06-30638,664USD
At 2023-12-31670,065USD

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 2024-06-30238,233USD
At 2023-12-31253,113USD

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 2024-06-30172,689USD
At 2023-12-31169,407USD

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 2024-06-3046,364USD
At 2023-12-31151,639USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

PeriodValueUnitDays
At 2024-06-30756,864USD
At 2023-12-31627,457USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

PeriodValueUnitDays
At 2024-06-301,454,869USD
At 2023-12-311,643,455USD

Current contract liabilities

Consideration received before performance obligations are satisfied, often called deferred revenue. It is an obligation to deliver, not earned revenue or cash available.

PeriodValueUnitDays
At 2024-06-301,338,274USD
At 2023-12-311,364,260USD

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.

PeriodValueUnitDays
2024-04-01 to 2024-06-30-777,633USD91
2024-01-01 to 2024-06-30-1,778,394USD182
2023-04-01 to 2023-06-30-423,301USD91
2023-01-01 to 2023-06-30-437,503USD181

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
2024-04-01 to 2024-06-30-777,723USD91
2024-01-01 to 2024-06-30-1,778,803USD182
2024-01-01 to 2024-03-31-1,001,080USD91
2023-04-01 to 2023-06-30-444,829USD91
2023-01-01 to 2023-06-30-534,005USD181
2023-01-01 to 2023-03-31-89,176USD90

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
2024-04-01 to 2024-06-30-753,602USD91
2024-01-01 to 2024-06-30-1,822,357USD182
2023-04-01 to 2023-06-30-767,879USD91
2023-01-01 to 2023-06-30-811,408USD181

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
2024-04-01 to 2024-06-30804,228USD91
2024-01-01 to 2024-06-301,839,505USD182
2023-04-01 to 2023-06-301,027,572USD91
2023-01-01 to 2023-06-301,978,967USD181

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
2024-01-01 to 2024-06-3016,337USD182
2023-01-01 to 2023-06-3018,046USD181

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

PeriodValueUnitDays
2024-01-01 to 2024-06-30116,406USD182
2023-01-01 to 2023-06-30124,680USD181

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

PeriodValueUnitDays
2024-01-01 to 2024-06-30100,069USD182
2023-01-01 to 2023-06-30106,634USD181

Nonoperating interest expense

Interest expense presented outside operating results. It differs from total interest expense when some borrowing cost is classified as operating or capitalized.

PeriodValueUnitDays
2024-04-01 to 2024-06-307,699USD91
2024-01-01 to 2024-06-3018,543USD182
2023-04-01 to 2023-06-308,964USD91
2023-01-01 to 2023-06-3018,256USD181

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
2024-04-01 to 2024-06-30-5,483USD91
2024-01-01 to 2024-06-30-13,303USD182
2023-04-01 to 2023-06-30-2,512USD91
2023-01-01 to 2023-06-30-9,999USD181

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
2024-01-01 to 2024-06-3018,543USD182
2023-01-01 to 2023-06-3018,378USD181

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

PeriodValueUnitDays
2024-01-01 to 2024-06-302,495USD182
2023-01-01 to 2023-06-30152,140USD181

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

PeriodValueUnitDays
2024-01-01 to 2024-06-3097,077USD182
2023-01-01 to 2023-06-3077,612USD181

Change in accounts receivable

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

PeriodValueUnitDays
2024-01-01 to 2024-06-30222,303USD182
2023-01-01 to 2023-06-30896,403USD181

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.

PeriodValueUnitDays
2024-01-01 to 2024-06-302,745USD182
2023-01-01 to 2023-06-30-68,723USD181

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

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

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Read the published dataset with Python
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"])))