10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001493152-22-031555 |
| Period End Date | 20220930 |
| Filing Date | 20221114 |
| Fiscal Year | 2022 |
| Fiscal Period | Q3 |
| XBRL Instance | form10-q_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
91 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Accounts receivable, related parties |
AccountsReceivableRelatedParties
|
$43.48K | USD | Point-in-time |
| Accounts receivable, related parties |
AccountsReceivableRelatedParties
|
$117.00K | USD | Point-in-time |
| Prepaid assets, related parties |
PrepaidAssetsRelatedParties
|
$1.96M | USD | Point-in-time |
| Prepaid assets, related parties |
PrepaidAssetsRelatedParties
|
$1.81M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$123.16K | USD | Point-in-time |
| Deposit assets, related parties |
RelatedPartyDepositLiabilities
|
$1.61M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$239.44K | USD | Point-in-time |
| Deposit assets, related parties |
RelatedPartyDepositLiabilities
|
$1.60M | USD | Point-in-time |
| Accounts receivable (including $116,995 and $43,477 from related parties as of September 30, 2022 and December 31, 2021, respectively) |
AccountsReceivableNetCurrent
|
$2.66M | USD | Point-in-time |
| Accounts receivable (including $116,995 and $43,477 from related parties as of September 30, 2022 and December 31, 2021, respectively) |
AccountsReceivableNetCurrent
|
$3.65M | USD | Point-in-time |
| Accounts payable, related parties |
AccountsPayableRelatedPartiesCurrent
|
$3.63K | USD | Point-in-time |
| Accounts payable, related parties |
AccountsPayableRelatedPartiesCurrent
|
$17.79K | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
150.00M | shares | Point-in-time |
| Inventories |
InventoryNet
|
$147.10K | USD | Point-in-time |
| Inventories |
InventoryNet
|
$81.07K | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
150.00M | shares | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
150.00M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
15.66M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
313.10M | shares | Point-in-time |
| Prepayments and other current assets (including $1,957,201 and $1,813,904 to related parties as of September 30, 2022 and December 31, 2021, respectively) |
PrepaidExpenseAndOtherAssetsCurrent
|
$2.51M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
15.66M | shares | Point-in-time |
| Prepayments and other current assets (including $1,957,201 and $1,813,904 to related parties as of September 30, 2022 and December 31, 2021, respectively) |
PrepaidExpenseAndOtherAssetsCurrent
|
$2.18M | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
15.66M | shares | Point-in-time |
| Due from related party |
DueFromRelatedPartiesCurrent
|
$26.36K | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
313.10M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
15.66M | shares | Point-in-time |
| Due from related party |
DueFromRelatedPartiesCurrent
|
- | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$5.07M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$6.54M | USD | Point-in-time |
| Deposits paid (including $1,607,955 and $1,596,075 to related parties as of September 30, 2022 and December 31, 2021, respectively) |
DepositsAssetsNoncurrent
|
$2.32M | USD | Point-in-time |
| Deposits paid (including $1,607,955 and $1,596,075 to related parties as of September 30, 2022 and December 31, 2021, respectively) |
DepositsAssetsNoncurrent
|
$2.31M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$110.02K | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$140.39K | USD | Point-in-time |
| Operating lease right-of-use assets |
OperatingLeaseRightOfUseAsset
|
$317.61K | USD | Point-in-time |
| Operating lease right-of-use assets |
OperatingLeaseRightOfUseAsset
|
$385.90K | USD | Point-in-time |
| Operating lease right-of-use assets, related parties |
OperatingLeaseRightofuseAssetsToRelatedParties
|
$76.64K | USD | Point-in-time |
| Operating lease right-of-use assets, related parties |
OperatingLeaseRightofuseAssetsToRelatedParties
|
$98.63K | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$1.48M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$2.28M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.41M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.26M | USD | Point-in-time |
| Total Assets |
Assets
|
$11.69M | USD | Point-in-time |
| Total Assets |
Assets
|
$12.10M | USD | Point-in-time |
| Operating lease obligations current |
OperatingLeaseLiabilityCurrent
|
$110.90K | USD | Point-in-time |
| Operating lease obligations current |
OperatingLeaseLiabilityCurrent
|
$133.59K | USD | Point-in-time |
| Operating lease obligations, related parties - current |
OperatingLeaseObligationsToRelatedPartiesCurrent
|
$24.85K | USD | Point-in-time |
| Operating lease obligations, related parties - current |
OperatingLeaseObligationsToRelatedPartiesCurrent
|
$22.67K | USD | Point-in-time |
| Accounts payable (including $3,629 and $17,789 to related parties as of September 30, 2022 and December 31, 2021, respectively) |
AccountsPayableCurrent
|
$239.49K | USD | Point-in-time |
| Accounts payable (including $3,629 and $17,789 to related parties as of September 30, 2022 and December 31, 2021, respectively) |
AccountsPayableCurrent
|
$155.04K | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$128.34K | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$131.36K | USD | Point-in-time |
| Bank and other borrowings - current |
ShortTermBorrowings
|
$413.21K | USD | Point-in-time |
| Bank and other borrowings - current |
ShortTermBorrowings
|
$101.21K | USD | Point-in-time |
| Income tax payable |
AccruedIncomeTaxesCurrent
|
$25.73K | USD | Point-in-time |
| Income tax payable |
AccruedIncomeTaxesCurrent
|
$111.14K | USD | Point-in-time |
| Customer advances |
ContractWithCustomerLiabilityCurrent
|
$176.21K | USD | Point-in-time |
| Customer advances |
ContractWithCustomerLiabilityCurrent
|
$382.52K | USD | Point-in-time |
| Due to related parties |
DueToRelatedPartiesCurrent
|
$596.01K | USD | Point-in-time |
| Due to related parties |
DueToRelatedPartiesCurrent
|
$683.98K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.72M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.72M | USD | Point-in-time |
| Operating lease obligations non-current |
OperatingLeaseLiabilityNoncurrent
|
$240.61K | USD | Point-in-time |
| Operating lease obligations non-current |
OperatingLeaseLiabilityNoncurrent
|
$202.18K | USD | Point-in-time |
| Operating lease obligations, related parties non-current |
OperatingLeaseObligationsToRelatedPartiesNoncurrent
|
$57.24K | USD | Point-in-time |
| Operating lease obligations, related parties non-current |
OperatingLeaseObligationsToRelatedPartiesNoncurrent
|
$77.93K | USD | Point-in-time |
| Bank and other borrowings |
LongTermDebtNoncurrent
|
$188.22K | USD | Point-in-time |
| Bank and other borrowings |
LongTermDebtNoncurrent
|
$89.42K | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$2.07M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$2.22M | USD | Point-in-time |
| Common stock (150,000,000 shares authorized, 15,655,038 shares issued and outstanding as of September 30, 2022 and December 31, 2021) |
CommonStockValue
|
$15.65K | USD | Point-in-time |
| Common stock (150,000,000 shares authorized, 15,655,038 shares issued and outstanding as of September 30, 2022 and December 31, 2021) |
CommonStockValue
|
$15.65K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$11.06M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$11.06M | USD | Point-in-time |
| Accumulated deficit and statutory reserves |
RetainedEarningsAccumulatedDeficit
|
$-809.47K | USD | Point-in-time |
| Accumulated deficit and statutory reserves |
RetainedEarningsAccumulatedDeficit
|
$-2.56M | USD | Point-in-time |
| Accumulated other comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$544.30K | USD | Point-in-time |
| Accumulated other comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-679.26K | USD | Point-in-time |
| Total Fortune Valley Treasures, Inc. stockholders equity |
StockholdersEquity
|
$9.59M | USD | Point-in-time |
| Total Fortune Valley Treasures, Inc. stockholders equity |
StockholdersEquity
|
$9.06M | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$440.32K | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$404.84K | USD | Point-in-time |
| Total Stockholders Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.11M | USD | Point-in-time |
| Total Stockholders Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.58M | USD | Point-in-time |
| Total Stockholders Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$9.84M | USD | Point-in-time |
| Total Stockholders Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$9.65M | USD | Point-in-time |
| Total Stockholders Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$10.03M | USD | Point-in-time |
| Total Stockholders Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$9.46M | USD | Point-in-time |
| Total Stockholders Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$7.56M | USD | Point-in-time |
| Total Stockholders Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$7.23M | USD | Point-in-time |
| Total Liabilities and Stockholders Equity |
LiabilitiesAndStockholdersEquity
|
$11.69M | USD | Point-in-time |
| Total Liabilities and Stockholders Equity |
LiabilitiesAndStockholdersEquity
|
$12.10M | USD | Point-in-time |
Income Statement
100 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net revenues (including $79,137 and $106,378 from related parties for the three months ended September 30, 2022 and 2021, respectively; $120,632 and $495,062 from related parties for the nine months ended September 30, 2022 and 2021, respectively) |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$2.92M | USD | 1 Quarter |
| Net revenues (including $79,137 and $106,378 from related parties for the three months ended September 30, 2022 and 2021, respectively; $120,632 and $495,062 from related parties for the nine months ended September 30, 2022 and 2021, respectively) |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$6.51M | USD | 3 Qtrs |
| Revenue from related parties |
RevenueFromRelatedParties
|
$495.06K | USD | 3 Qtrs |
| Revenue from related parties |
RevenueFromRelatedParties
|
$79.14K | USD | 1 Quarter |
| Revenue from related parties |
RevenueFromRelatedParties
|
$120.63K | USD | 3 Qtrs |
| Net revenues (including $79,137 and $106,378 from related parties for the three months ended September 30, 2022 and 2021, respectively; $120,632 and $495,062 from related parties for the nine months ended September 30, 2022 and 2021, respectively) |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$2.01M | USD | 1 Quarter |
| Net revenues (including $79,137 and $106,378 from related parties for the three months ended September 30, 2022 and 2021, respectively; $120,632 and $495,062 from related parties for the nine months ended September 30, 2022 and 2021, respectively) |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$5.47M | USD | 3 Qtrs |
| Revenue from related parties |
RevenueFromRelatedParties
|
$106.38K | USD | 1 Quarter |
| Related parties in cost of revenues |
RelatedPartiesAmountInCostOfSales
|
$238.52K | USD | 1 Quarter |
| Cost of revenues (including $377,283 and $238,524 from related parties for the three months ended September 30, 2022 and 2021, respectively; $763,663 and $508,867 from related parties for the nine months ended September 30, 2022 and 2021, respectively) |
CostOfRevenue
|
$875.42K | USD | 1 Quarter |
| Cost of revenues (including $377,283 and $238,524 from related parties for the three months ended September 30, 2022 and 2021, respectively; $763,663 and $508,867 from related parties for the nine months ended September 30, 2022 and 2021, respectively) |
CostOfRevenue
|
$3.02M | USD | 3 Qtrs |
| Related parties in cost of revenues |
RelatedPartiesAmountInCostOfSales
|
$508.87K | USD | 3 Qtrs |
| Cost of revenues (including $377,283 and $238,524 from related parties for the three months ended September 30, 2022 and 2021, respectively; $763,663 and $508,867 from related parties for the nine months ended September 30, 2022 and 2021, respectively) |
CostOfRevenue
|
$2.40M | USD | 3 Qtrs |
| Related parties in cost of revenues |
RelatedPartiesAmountInCostOfSales
|
$763.66K | USD | 3 Qtrs |
| Cost of revenues (including $377,283 and $238,524 from related parties for the three months ended September 30, 2022 and 2021, respectively; $763,663 and $508,867 from related parties for the nine months ended September 30, 2022 and 2021, respectively) |
CostOfRevenue
|
$1.40M | USD | 1 Quarter |
| Related parties in cost of revenues |
RelatedPartiesAmountInCostOfSales
|
$377.28K | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$3.07M | USD | 3 Qtrs |
| Gross profit |
GrossProfit
|
$1.51M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$1.13M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$3.50M | USD | 3 Qtrs |
| Selling and distribution expenses |
SellingAndMarketingExpense
|
$69.12K | USD | 3 Qtrs |
| Selling and distribution expenses |
SellingAndMarketingExpense
|
$21.96K | USD | 1 Quarter |
| Selling and distribution expenses |
SellingAndMarketingExpense
|
$49.59K | USD | 3 Qtrs |
| Selling and distribution expenses |
SellingAndMarketingExpense
|
$15.51K | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$1.43M | USD | 3 Qtrs |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$499.93K | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$1.35M | USD | 3 Qtrs |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$472.13K | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$1.03M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$2.10M | USD | 3 Qtrs |
| Operating income |
OperatingIncomeLoss
|
$1.57M | USD | 3 Qtrs |
| Operating income |
OperatingIncomeLoss
|
$608.08K | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncomeExpense
|
$2.22K | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncomeExpense
|
$10.42K | USD | 3 Qtrs |
| Other income |
OtherNonoperatingIncomeExpense
|
$2.31K | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncomeExpense
|
$2.60K | USD | 3 Qtrs |
| Interest income |
InterestIncomeOther
|
$207.00 | USD | 3 Qtrs |
| Interest income |
InterestIncomeOther
|
$203.00 | USD | 1 Quarter |
| Interest income |
InterestIncomeOther
|
$851.00 | USD | 3 Qtrs |
| Interest income |
InterestIncomeOther
|
$114.00 | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$10.39K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$21.08K | USD | 3 Qtrs |
| Interest expense |
InterestExpense
|
$13.81K | USD | 3 Qtrs |
| Interest expense |
InterestExpense
|
$4.33K | USD | 1 Quarter |
| Other expense, net |
NonoperatingIncomeExpense
|
$-1.81K | USD | 1 Quarter |
| Other expense, net |
NonoperatingIncomeExpense
|
$-10.37K | USD | 3 Qtrs |
| Other expense, net |
NonoperatingIncomeExpense
|
$-8.05K | USD | 1 Quarter |
| Other expense, net |
NonoperatingIncomeExpense
|
$-10.45K | USD | 3 Qtrs |
| Income before income tax |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$1.56M | USD | 3 Qtrs |
| Income before income tax |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$1.02M | USD | 1 Quarter |
| Income before income tax |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$606.26K | USD | 1 Quarter |
| Income before income tax |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$2.09M | USD | 3 Qtrs |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$319.02K | USD | 3 Qtrs |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$212.27K | USD | 3 Qtrs |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$156.40K | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$108.35K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$910.74K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$1.24M | USD | 3 Qtrs |
| Net income |
ProfitLoss
|
$175.96K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$335.57K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$1.88M | USD | 3 Qtrs |
| Net income |
ProfitLoss
|
$449.86K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$456.88K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$788.98K | USD | 1 Quarter |
| Less: Net income attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$132.60K | USD | 3 Qtrs |
| Less: Net income attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$123.46K | USD | 3 Qtrs |
| Less: Net income attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$54.93K | USD | 1 Quarter |
| Less: Net income attributable to noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$59.88K | USD | 1 Quarter |
| Net income attributable to Fortune Valley Treasures, Inc. |
NetIncomeLoss
|
$1.75M | USD | 3 Qtrs |
| Net income attributable to Fortune Valley Treasures, Inc. |
NetIncomeLoss
|
$389.99K | USD | 1 Quarter |
| Net income attributable to Fortune Valley Treasures, Inc. |
NetIncomeLoss
|
$855.80K | USD | 1 Quarter |
| Net income attributable to Fortune Valley Treasures, Inc. |
NetIncomeLoss
|
$1.11M | USD | 3 Qtrs |
| Foreign currency translation income (loss) |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$10.72K | USD | 1 Quarter |
| Foreign currency translation income (loss) |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$105.32K | USD | 3 Qtrs |
| Foreign currency translation income (loss) |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$88.04K | USD | 1 Quarter |
| Foreign currency translation income (loss) |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-6.67K | USD | 1 Quarter |
| Foreign currency translation income (loss) |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-1.31M | USD | 3 Qtrs |
| Foreign currency translation income (loss) |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-602.32K | USD | 1 Quarter |
| Foreign currency translation income (loss) |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-719.95K | USD | 1 Quarter |
| Foreign currency translation income (loss) |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$23.95K | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$190.79K | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$1.35M | USD | 3 Qtrs |
| Total comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$564.13K | USD | 3 Qtrs |
| Total comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$473.81K | USD | 1 Quarter |
| Less: comprehensive income attributable to noncontrolling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$63.64K | USD | 1 Quarter |
| Less: comprehensive income attributable to noncontrolling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$35.48K | USD | 3 Qtrs |
| Less: comprehensive income attributable to noncontrolling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$10.75K | USD | 1 Quarter |
| Less: comprehensive income attributable to noncontrolling interests |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$143.83K | USD | 3 Qtrs |
| Comprehensive income attributable to Fortune Valley Treasures, Inc. |
ComprehensiveIncomeNetOfTax
|
$180.04K | USD | 1 Quarter |
| Comprehensive income attributable to Fortune Valley Treasures, Inc. |
ComprehensiveIncomeNetOfTax
|
$528.65K | USD | 3 Qtrs |
| Comprehensive income attributable to Fortune Valley Treasures, Inc. |
ComprehensiveIncomeNetOfTax
|
$1.20M | USD | 3 Qtrs |
| Comprehensive income attributable to Fortune Valley Treasures, Inc. |
ComprehensiveIncomeNetOfTax
|
$410.17K | USD | 1 Quarter |
| Basic and diluted earnings per share |
EarningsPerShareBasic
|
$0.11 | USD | 3 Qtrs |
| Basic and diluted earnings per share |
EarningsPerShareBasic
|
$0.02 | USD | 1 Quarter |
| Basic and diluted earnings per share |
EarningsPerShareBasic
|
$0.05 | USD | 1 Quarter |
| Basic and diluted earnings per share |
EarningsPerShareBasic
|
$0.07 | USD | 3 Qtrs |
| Basic and diluted weighted average shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
15.66M | shares | 1 Quarter |
| Basic and diluted weighted average shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
15.66M | shares | 3 Qtrs |
| Basic and diluted weighted average shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
15.66M | shares | 1 Quarter |
| Basic and diluted weighted average shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
15.66M | shares | 3 Qtrs |
Cash Flow Statement
84 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$910.74K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$1.24M | USD | 3 Qtrs |
| Net income |
ProfitLoss
|
$175.96K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$335.57K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$1.88M | USD | 3 Qtrs |
| Net income |
ProfitLoss
|
$449.86K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$456.88K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$788.98K | USD | 1 Quarter |
| Depreciation and amortization expense |
DepreciationDepletionAndAmortization
|
$648.74K | USD | 3 Qtrs |
| Depreciation and amortization expense |
DepreciationDepletionAndAmortization
|
$638.10K | USD | 3 Qtrs |
| Non-cash lease expense |
NoncashLeaseExpense
|
$83.21K | USD | 3 Qtrs |
| Non-cash lease expense |
NoncashLeaseExpense
|
$122.07K | USD | 3 Qtrs |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$1.37M | USD | 3 Qtrs |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-494.35K | USD | 3 Qtrs |
| Inventories |
IncreaseDecreaseInInventories
|
$206.35K | USD | 3 Qtrs |
| Inventories |
IncreaseDecreaseInInventories
|
$80.65K | USD | 3 Qtrs |
| Prepayments and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$608.45K | USD | 3 Qtrs |
| Prepayments and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$1.96M | USD | 3 Qtrs |
| Due from related party |
IncreaseDecreaseInDueFromRelatedParties
|
$-25.42K | USD | 3 Qtrs |
| Due from related party |
IncreaseDecreaseInDueFromRelatedParties
|
- | USD | 3 Qtrs |
| Deposits paid |
IncreaseDecreaseInDepositOtherAssets
|
$277.13K | USD | 3 Qtrs |
| Deposits paid |
IncreaseDecreaseInDepositOtherAssets
|
$1.20M | USD | 3 Qtrs |
| Accounts payable |
IncreaseDecreaseInAccountsPayableTrade
|
$66.53K | USD | 3 Qtrs |
| Accounts payable |
IncreaseDecreaseInAccountsPayableTrade
|
$-63.54K | USD | 3 Qtrs |
| Due to related parties |
IncreaseDecreaseInDueToRelatedParties
|
- | USD | 3 Qtrs |
| Due to related parties |
IncreaseDecreaseInDueToRelatedParties
|
$-177.25K | USD | 3 Qtrs |
| Customer advances |
IncreaseDecreaseInContractWithCustomerLiability
|
$-48.51K | USD | 3 Qtrs |
| Customer advances |
IncreaseDecreaseInContractWithCustomerLiability
|
$-178.60K | USD | 3 Qtrs |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$373.92K | USD | 3 Qtrs |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$153.16K | USD | 3 Qtrs |
| Income tax payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$95.20K | USD | 3 Qtrs |
| Income tax payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$-103.18K | USD | 3 Qtrs |
| Operating lease obligations |
IncreaseDecreaseInOperatingLeaseLiability
|
$-97.75K | USD | 3 Qtrs |
| Operating lease obligations |
IncreaseDecreaseInOperatingLeaseLiability
|
$-111.70K | USD | 3 Qtrs |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-712.20K | USD | 3 Qtrs |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$48.44K | USD | 3 Qtrs |
| Repayment of advance to related parties |
RepaymentOfAdvanceToRelatedParties
|
$3.64M | USD | 3 Qtrs |
| Repayment of advance to related parties |
RepaymentOfAdvanceToRelatedParties
|
- | USD | 3 Qtrs |
| Advance to related parties |
PaymentsToFundLongtermLoansToRelatedParties
|
$3.14M | USD | 3 Qtrs |
| Advance to related parties |
PaymentsToFundLongtermLoansToRelatedParties
|
- | USD | 3 Qtrs |
| Purchase of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
- | USD | 3 Qtrs |
| Purchase of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$119.45K | USD | 3 Qtrs |
| Purchase of intangible assets |
PaymentsToAcquireIntangibleAssets
|
- | USD | 3 Qtrs |
| Purchase of intangible assets |
PaymentsToAcquireIntangibleAssets
|
$23.49K | USD | 3 Qtrs |
| Net cash provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
- | USD | 3 Qtrs |
| Net cash provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$362.93K | USD | 3 Qtrs |
| Borrowings from related parties |
ProceedsFromRelatedPartyDebt
|
$1.87M | USD | 3 Qtrs |
| Borrowings from related parties |
ProceedsFromRelatedPartyDebt
|
- | USD | 3 Qtrs |
| Borrowings from and repayments to revolving credit lines, net |
ProceedsFromRepaymentsOfLinesOfCredit
|
$148.61K | USD | 3 Qtrs |
| Borrowings from and repayments to revolving credit lines, net |
ProceedsFromRepaymentsOfLinesOfCredit
|
$-33.11K | USD | 3 Qtrs |
| Borrowings from bank loans |
ProceedsFromBankDebt
|
- | USD | 3 Qtrs |
| Borrowings from bank loans |
ProceedsFromBankDebt
|
$135.50K | USD | 3 Qtrs |
| Borrowings from a third party |
ProceedsFromThirdParty
|
- | USD | 3 Qtrs |
| Borrowings from a third party |
ProceedsFromThirdParty
|
$80.34K | USD | 3 Qtrs |
| Repayments to related parties |
RepaymentsOfRelatedPartyDebt
|
$1.62M | USD | 3 Qtrs |
| Repayments to related parties |
RepaymentsOfRelatedPartyDebt
|
$154.51K | USD | 3 Qtrs |
| Repayments to bank loans |
RepaymentsOfBankDebt
|
- | USD | 3 Qtrs |
| Repayments to bank loans |
RepaymentsOfBankDebt
|
$28.05K | USD | 3 Qtrs |
| Repayments to a third party |
RepaymentsToThirdParty
|
$73.88K | USD | 3 Qtrs |
| Repayments to a third party |
RepaymentsToThirdParty
|
- | USD | 3 Qtrs |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$212.28K | USD | 3 Qtrs |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$108.00K | USD | 3 Qtrs |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$-40.17K | USD | 3 Qtrs |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$37.34K | USD | 3 Qtrs |
| Net changes in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-99.65K | USD | 3 Qtrs |
| Net changes in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$116.28K | USD | 3 Qtrs |
| Cash and cash equivalentsbeginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$150.19K | USD | Point-in-time |
| Cash and cash equivalentsbeginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$239.44K | USD | Point-in-time |
| Cash and cash equivalentsbeginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$249.84K | USD | Point-in-time |
| Cash and cash equivalentsbeginning of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$123.16K | USD | Point-in-time |
| Cash and cash equivalentsend of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$150.19K | USD | Point-in-time |
| Cash and cash equivalentsend of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$239.44K | USD | Point-in-time |
| Cash and cash equivalentsend of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$249.84K | USD | Point-in-time |
| Cash and cash equivalentsend of the period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$123.16K | USD | Point-in-time |
| Interest paid |
InterestPaidNet
|
$21.08K | USD | 3 Qtrs |
| Interest paid |
InterestPaidNet
|
$13.81K | USD | 3 Qtrs |
| Income taxes paid |
IncomeTaxesPaidNet
|
$126.86K | USD | 3 Qtrs |
| Income taxes paid |
IncomeTaxesPaidNet
|
$446.75K | USD | 3 Qtrs |
| Expenses paid by related parties on behalf of the Company |
ExpensePaidByRelatedPartiesOnBehalfOfCompany
|
$532.91K | USD | 3 Qtrs |
| Expenses paid by related parties on behalf of the Company |
ExpensePaidByRelatedPartiesOnBehalfOfCompany
|
$135.08K | USD | 3 Qtrs |
| Remeasurement of operating lease obligation and right-of-use asset due to lease termination |
RemeasurementOfOperatingLeaseObligationAndRightofuseAssetsDueToLeaseTermination
|
$40.89K | USD | 3 Qtrs |
| Remeasurement of operating lease obligation and right-of-use asset due to lease termination |
RemeasurementOfOperatingLeaseObligationAndRightofuseAssetsDueToLeaseTermination
|
- | USD | 3 Qtrs |
| Operating lease right-of-use assets obtained in exchange for operating lease obligations |
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
$74.59K | USD | 3 Qtrs |
| Operating lease right-of-use assets obtained in exchange for operating lease obligations |
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
$307.55K | USD | 3 Qtrs |
Stockholders Equity
32 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.11M | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.58M | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$9.84M | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$9.65M | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$10.03M | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$9.46M | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$7.56M | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$7.23M | USD | Point-in-time |
| Net income |
ProfitLoss
|
$910.74K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$1.24M | USD | 3 Qtrs |
| Net income |
ProfitLoss
|
$175.96K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$335.57K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$1.88M | USD | 3 Qtrs |
| Net income |
ProfitLoss
|
$449.86K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$456.88K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$788.98K | USD | 1 Quarter |
| Foreign currency translation adjustment |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$10.72K | USD | 1 Quarter |
| Foreign currency translation adjustment |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$105.32K | USD | 3 Qtrs |
| Foreign currency translation adjustment |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$88.04K | USD | 1 Quarter |
| Foreign currency translation adjustment |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-6.67K | USD | 1 Quarter |
| Foreign currency translation adjustment |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-1.31M | USD | 3 Qtrs |
| Foreign currency translation adjustment |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-602.32K | USD | 1 Quarter |
| Foreign currency translation adjustment |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-719.95K | USD | 1 Quarter |
| Foreign currency translation adjustment |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$23.95K | USD | 1 Quarter |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.11M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$8.58M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$9.84M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$9.65M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$10.03M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$9.46M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$7.56M | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$7.23M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.