NASDAQ: FTFT
Future FinTech Group Inc.CIK 0001066923 · SIC 7389 · Miscellaneous Business Services NEC
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Future FinTech Group files resale prospectus for up to 20.1 million shares by selling stockholders; company receives no proceeds
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Latest financial statements
From 10-Q filed Aug 14, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Revenue | 333,409 | 594,460 | 546,021 | 1,136,591 |
| Cost of revenue | 139,577 | 415,402 | 278,986 | 886,507 |
| Gross profit | 193,832 | 179,058 | 267,035 | 250,084 |
| Operating Expenses | ||||
| General and administrative expenses | 630,703 | 852,026 | 2,032,562 | 2,422,126 |
| Stock-based compensation expenses | 1,387,500 | - | 1,387,500 | 1,085,000 |
| Selling expenses | 76,923 | 249,048 | 212,103 | 440,678 |
| Allowance for (net recovery of) credit losses/doubtful accounts | 484 | 393,651 | (138,456) | 28,254,490 |
| Total operating expenses | 2,095,610 | 1,494,725 | 3,493,709 | 32,202,294 |
| Loss from operations | (1,901,778) | (1,315,667) | (3,226,674) | (31,952,210) |
| Other income (expenses) | ||||
| Interest income | 126,337 | 12,930 | 250,233 | 35,459 |
| Interest expenses | (139,924) | (7,241) | (198,099) | (15,042) |
| Amortization of debt issuance costs | (17,550) | - | (35,100) | - |
| Gain on debt restructuring | - | 3,071,827 | - | 3,071,827 |
| Other income (expenses), net | 3,087 | (19,012) | 4,684 | 64,788 |
| Total other income (expenses) | (28,050) | 3,058,504 | 21,718 | 3,157,032 |
| Income (Loss) from continuing operations before income tax | (1,929,828) | 1,742,837 | (3,204,956) | (28,795,178) |
| Income tax provision | - | - | - | - |
| Deferred income tax | - | - | - | - |
| Income (Loss) from continuing operations | (1,929,828) | 1,742,837 | (3,204,956) | (28,795,178) |
| Discontinued operations | ||||
| Income (Loss) from discontinued operations | - | 108,943 | - | (319,122) |
| Gain on disposal of discontinued operations | - | - | - | 28,258,798 |
| NET INCOME (LOSS) | (1,929,828) | 1,851,780 | (3,204,956) | (855,502) |
| Less: Net income attributable to non-controlling interests of discontinued operations | - | - | - | 1,866,066 |
| Less: Net loss attributable to non-controlling interests of continued operations | - | - | - | - |
| Net income (loss) attributable to Future Fintech Group, Inc. | (1,929,828) | 1,851,780 | (3,204,956) | (2,721,568) |
| Other comprehensive income (loss) | ||||
| Income (Loss) from continuing operations | (1,929,828) | 1,742,837 | (3,204,956) | (28,795,178) |
| Foreign currency translation continuing operations | 724,137 | 17,863 | 1,462,382 | (177,417) |
| Comprehensive Income (Loss) continuing operations | (1,205,691) | 1,760,700 | (1,742,574) | (28,972,595) |
| Income from discontinued operations | - | 108,943 | - | 27,939,676 |
| Foreign currency translation discontinued operations | - | 2,781 | - | (174,942) |
| Comprehensive Income discontinued operations | - | 111,724 | - | 27,764,734 |
| Comprehensive Income (Loss) | (1,205,691) | 1,872,424 | (1,742,574) | (1,207,861) |
| Comprehensive income attributable to non-controlling interests of continuing operations | - | - | - | - |
| Comprehensive income attributable to non-controlling interests of discontinued operations | - | - | - | 1,866,066 |
| COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO Future Fintech Group, Inc. | (1,205,691) | 1,872,424 | (1,742,574) | (3,073,927) |
| Basic earnings (loss) per share: | ||||
| Basic earnings (loss) per share from continuing operations | (1.26) | 9.15 | (2.27) | (162.66) |
| Basic earnings per share from discontinued operations | - | 0.57 | - | 147.29 |
| (1.26) | 9.72 | (2.27) | (15.37) | |
| Diluted earnings (loss) per share: | ||||
| Diluted earnings (loss) per share from continuing operations | (1.26) | 9.14 | (2.27) | (162.66) |
| Diluted earnings per share from discontinued operations | - | 0.57 | - | 147.07 |
| (1.26) | 9.71 | (2.27) | (15.59) | |
| Weighted average number of shares outstanding | ||||
| Basic* | 1,528,063 | 190,415 | 1,409,622 | 177,024 |
| Diluted* | 1,528,063 | 190,678 | 1,409,622 | 177,287 |
Condensed Consolidated Balance Sheets (Unaudited)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| CURRENT ASSETS | ||
| Cash and cash equivalents | 1,921,601 | 2,396,619 |
| Restricted cash | 2,295,466 | 2,680,545 |
| Short term investments | - | 1,423 |
| Accounts receivable, net | 686,531 | 605,236 |
| Other receivables, net | 10,773,087 | 10,880,977 |
| Contract assets | 1,436 | 1,436 |
| Investment funds | 31,386,307 | 30,413,300 |
| Advances to suppliers and other current assets, net | 3,630,921 | 3,780,896 |
| Amount due from a related party | 1,688 | - |
| TOTAL CURRENT ASSETS | 50,697,037 | 50,760,432 |
| NON-CURRENT ASSETS | ||
| Property and equipment, net | 116,854 | 149,904 |
| Right of use assets operating lease, net | 143,860 | 203,828 |
| Intangible assets, net | 407,712 | 475,466 |
| Debt investment | 734,117 | 711,359 |
| Long-term receivable, net | 841,849 | 986,345 |
| TOTAL NON-CURRENT ASSETS | 2,244,392 | 2,526,902 |
| TOTAL ASSETS | 52,941,429 | 53,287,334 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | 2,302,979 | 3,261,785 |
| Accrued expenses and other payables | 1,411,982 | 2,219,258 |
| Advances from customers | 184,910 | 223,472 |
| Convertible notes payable | 3,031,693 | 1,734,044 |
| Lease liability current | 127,545 | 174,423 |
| Amounts due to a related party | 500,298 | 596,924 |
| TOTAL CURRENT LIABILITIES | 7,559,407 | 8,209,906 |
| NON-CURRENT LIABILITIES | ||
| Other non-current liabilities | 948,819 | 1,088,809 |
| Lease liability-non-current | 5,587 | 30,929 |
| TOTAL NON-CURRENT LIABILITIES | 954,406 | 1,119,738 |
| TOTAL LIABILITIES | 8,513,813 | 9,329,644 |
| STOCKHOLDERS’ EQUITY | ||
| Common stock, $0.001 par value; 37,500,000 shares authorized; 1,868,177 shares and 1,262,082 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively* | 1,869 | 1,262 |
| Additional paid-in capital | 273,260,564 | 271,048,671 |
| Statutory reserve | 98,357 | 98,357 |
| Accumulated deficits | (226,710,555) | (223,505,599) |
| Accumulated other comprehensive loss | (2,222,619) | (3,685,001) |
| TOTAL STOCKHOLDERS’ EQUITY | 44,427,616 | 43,957,690 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | 52,941,429 | 53,287,334 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net loss | (3,204,956) | (855,502) |
| Net income from discontinued operations | - | 27,939,676 |
| Net loss from continuing operations | (3,204,956) | (28,795,178) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation | 37,172 | 50,971 |
| Amortization of debt issuance costs | 35,100 | - |
| Amortization | 66,861 | 14,259 |
| Allowance for (Net recovery of) credit losses/doubtful accounts | (138,456) | 28,254,490 |
| Share-based payments | 1,387,500 | 1,085,000 |
| Gain on debt restructuring | - | (3,071,827) |
| Interest expenses related to convertible note | 87,549 | 13,651 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (81,295) | 445,361 |
| Other receivables | 403,023 | (27,951,895) |
| Advances to suppliers and other current assets | 149,975 | 34,083 |
| Operating lease assets and liabilities | (12,252) | (736) |
| Accounts payable | (958,806) | 2,282,066 |
| Accrued expenses and other payables | (807,276) | 8,097,469 |
| Advances from customers | (38,562) | (13,703) |
| Other non-current liabilities | (139,990) | 1,088,809 |
| Net cash used in operating activities from continuing operations | (3,214,413) | (18,467,180) |
| Net cash provided by operating activities from discontinued operations | - | 19,037,420 |
| Cash flows from investing activities: | ||
| Debt investment | - | 236,638 |
| Payment for short term Investments | (29,014) | - |
| Redemption of short-term investments | 30,465 | - |
| Repayment of loan receivable | - | 139,199 |
| Net cash provided by investing activities from continuing operations | 1,451 | 375,837 |
| Net cash provided by investing activities from discontinued operations | - | - |
| Cash flows from financing activities: | ||
| Proceeds from convertible notes payable | 2,000,000 | - |
| Payment made for amounts due from a related party | (1,688) | (4,322) |
| Repayment of amounts due to a related party | (96,626) | (8,871) |
| Net cash provided by (used in) financing activities from continuing operations | 1,901,686 | (13,193) |
| Net cash provided by financing activities from discontinued operations | - | - |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 451,179 | 88,297 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (860,097) | 1,021,181 |
| Cash, cash equivalents and restricted cash at beginning of period | 5,077,164 | 4,765,111 |
| Cash, cash equivalents and restricted cash at end of period | 4,217,067 | 5,786,292 |
| Less: cash, cash equivalents and restricted cash from the discontinued operations, end of period | - | - |
| Cash, cash equivalents and restricted cash, from the continuing operations end of period | 4,217,067 | 5,786,292 |
| Noncash activity | ||
| Issuance of common stocks for conversion of debts | 825,000 | - |
Amounts as printed on the EDGAR/iXBRL face. Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗