S-1/A Filing

FORTUNE VALLEY TREASURES, INC. CIK: 1626745

Filing Information

Form Type	S-1/A
Accession Number	`0001493152-23-019451`
Period End Date	20230331
Filing Date	20230530
Fiscal Year	N/A
Fiscal Period	N/A
XBRL Instance	forms-1a_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 129 Income Statement 98 Cash Flow Statement 146 Stockholders Equity 18

Balance Sheet 129 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, related parties	`AccountsReceivableNet`	$57.61K	USD	Point-in-time
Accounts receivable, related parties	`AccountsReceivableNet`	$146.09K	USD	Point-in-time
Prepayments and other current assets, related parties	`PrepaymentsAndOtherCurrentAssetsRelatedParties`	$1.10M	USD	Point-in-time
Prepayments and other current assets, related parties	`PrepaymentsAndOtherCurrentAssetsRelatedParties`	$1.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$165.69K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$123.16K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.19K	USD	Point-in-time
Deposit paid, related parties	`RelatedPartyDepositLiabilities`	$758.45K	USD	Point-in-time
Accounts receivable (including $122,741 and $146,087 from related parties as of March 31, 2023 and December 31, 2022, respectively)	`AccountsReceivableNetCurrent`	$2.66M	USD	Point-in-time
Deposit paid, related parties	`RelatedPartyDepositLiabilities`	$697.87K	USD	Point-in-time
Deposit paid, related parties	`RelatedPartyDepositLiabilities`	$1.60M	USD	Point-in-time
Accounts receivable (including $122,741 and $146,087 from related parties as of March 31, 2023 and December 31, 2022, respectively)	`AccountsReceivableNetCurrent`	$5.37M	USD	Point-in-time
Accounts receivable (including $122,741 and $146,087 from related parties as of March 31, 2023 and December 31, 2022, respectively)	`AccountsReceivableNetCurrent`	$4.80M	USD	Point-in-time
Inventories	`InventoryNet`	$148.93K	USD	Point-in-time
Inventories	`InventoryNet`	$85.27K	USD	Point-in-time
Inventories	`InventoryNet`	$81.07K	USD	Point-in-time
Prepayments and other current assets, net (including $1,282,273 and $1,102,861 to related parties as of March 31, 2023 and December 31, 2022, respectively)	`PrepaidExpenseAndOtherAssetsCurrent`	$2.18M	USD	Point-in-time
Prepayments and other current assets, net (including $1,282,273 and $1,102,861 to related parties as of March 31, 2023 and December 31, 2022, respectively)	`PrepaidExpenseAndOtherAssetsCurrent`	$1.76M	USD	Point-in-time
Prepayments and other current assets, net (including $1,282,273 and $1,102,861 to related parties as of March 31, 2023 and December 31, 2022, respectively)	`PrepaidExpenseAndOtherAssetsCurrent`	$1.82M	USD	Point-in-time
Accounts payable, related parties	`AccountsPayableCurrentAndNoncurrent`	$80.43K	USD	Point-in-time
Accounts payable, related parties	`AccountsPayableCurrentAndNoncurrent`	$17.79K	USD	Point-in-time
Due from related party	`OtherReceivablesNetCurrent`	-	USD	Point-in-time
Due from related party	`OtherReceivablesNetCurrent`	$26.36K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$5.07M	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
Total current assets	`AssetsCurrent`	$7.30M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$6.87M	USD	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
Common stock, shares issued	`CommonStockSharesIssued`	15.66M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.66M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.66M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.66M	shares	Point-in-time
Deposits paid, net (including $697,871 and $758,445 to related parties as of March 31, 2023 and December 31, 2022, respectively)	`DepositsAssetsNoncurrent`	$1.12M	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.66M	shares	Point-in-time
Deposits paid, net (including $697,871 and $758,445 to related parties as of March 31, 2023 and December 31, 2022, respectively)	`DepositsAssetsNoncurrent`	$863.52K	USD	Point-in-time
Deposits paid, net (including $697,871 and $758,445 to related parties as of March 31, 2023 and December 31, 2022, respectively)	`DepositsAssetsNoncurrent`	$2.31M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.66M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$87.74K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$97.89K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$2.66M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$5.37M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$4.80M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$140.39K	USD	Point-in-time
Prepayments and other current assets, net	`PrepaidExpenseAndOtherAssetsCurrent`	$2.18M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$297.23K	USD	Point-in-time
Prepayments and other current assets, net	`PrepaidExpenseAndOtherAssetsCurrent`	$1.76M	USD	Point-in-time
Prepayments and other current assets, net	`PrepaidExpenseAndOtherAssetsCurrent`	$1.82M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$385.90K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$688.82K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$716.44K	USD	Point-in-time
Operating lease right-of-use assets, related parties	`OperatingLeaseRightofuseAssetsToRelatedParties`	$98.63K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$239.49K	USD	Point-in-time
Operating lease right-of-use assets, related parties	`OperatingLeaseRightofuseAssetsToRelatedParties`	$75.30K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.28M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$370.93K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$318.37K	USD	Point-in-time
Goodwill	`Goodwill`	$454.20K	USD	Point-in-time
Goodwill	`Goodwill`	$1.41M	USD	Point-in-time
Goodwill	`Goodwill`	$456.86K	USD	Point-in-time
Total Assets	`Assets`	$9.29M	USD	Point-in-time
Total Assets	`Assets`	$9.39M	USD	Point-in-time
Total Assets	`Assets`	$11.69M	USD	Point-in-time
Operating lease obligations - current	`OperatingLeaseLiabilityCurrent`	$133.59K	USD	Point-in-time
Operating lease obligations - current	`OperatingLeaseLiabilityCurrent`	$110.20K	USD	Point-in-time
Operating lease obligations, related parties - current	`OperatingLeaseObligationsToRelatedPartiesCurrent`	$22.67K	USD	Point-in-time
Operating lease obligations, related parties - current	`OperatingLeaseObligationsToRelatedPartiesCurrent`	$16.63K	USD	Point-in-time
Accounts payable (including $99,454 and $80,426 to related parties as of March 31, 2023 and December 31, 2022, respectively)	`AccountsPayableCurrent`	$688.82K	USD	Point-in-time
Accounts payable (including $99,454 and $80,426 to related parties as of March 31, 2023 and December 31, 2022, respectively)	`AccountsPayableCurrent`	$716.44K	USD	Point-in-time
Accounts payable (including $99,454 and $80,426 to related parties as of March 31, 2023 and December 31, 2022, respectively)	`AccountsPayableCurrent`	$239.49K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$600.86K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$128.34K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$502.39K	USD	Point-in-time
Bank and other borrowings - current	`ShortTermBorrowings`	$101.21K	USD	Point-in-time
Bank and other borrowings - current	`ShortTermBorrowings`	$482.41K	USD	Point-in-time
Bank and other borrowings - current	`ShortTermBorrowings`	$422.65K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$32.42K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$38.88K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$25.73K	USD	Point-in-time
Customer advances	`ContractWithCustomerLiabilityCurrent`	$139.33K	USD	Point-in-time
Customer advances	`ContractWithCustomerLiabilityCurrent`	$382.52K	USD	Point-in-time
Customer advances	`ContractWithCustomerLiabilityCurrent`	$140.66K	USD	Point-in-time
Due to related parties	`OtherLiabilitiesCurrent`	$565.67K	USD	Point-in-time
Due to related parties	`OtherLiabilitiesCurrent`	$683.98K	USD	Point-in-time
Due to related parties	`OtherLiabilitiesCurrent`	$571.03K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.48M	USD	Point-in-time
Operating lease obligations non-current	`OperatingLeaseLiabilityNoncurrent`	$189.96K	USD	Point-in-time
Operating lease obligations non-current	`OperatingLeaseLiabilityNoncurrent`	$240.61K	USD	Point-in-time
Operating lease obligations, related parties non-current	`OperatingLeaseObligationsToRelatedPartiesNoncurrent`	$77.93K	USD	Point-in-time
Operating lease obligations, related parties non-current	`OperatingLeaseObligationsToRelatedPartiesNoncurrent`	$55.06K	USD	Point-in-time
Bank and other borrowings	`LongTermDebtNoncurrent`	$188.22K	USD	Point-in-time
Bank and other borrowings	`LongTermDebtNoncurrent`	$58.44K	USD	Point-in-time
Bank and other borrowings	`LongTermDebtNoncurrent`	$32.39K	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.22M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.93M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.79M	USD	Point-in-time
Common stock (150,000,000 shares authorized, 15,655,038 shares issued and outstanding as of March 31, 2023 and December 31, 2022)	`CommonStockValue`	$15.65K	USD	Point-in-time
Common stock (150,000,000 shares authorized, 15,655,038 shares issued and outstanding as of March 31, 2023 and December 31, 2022)	`CommonStockValue`	$15.65K	USD	Point-in-time
Common stock (150,000,000 shares authorized, 15,655,038 shares issued and outstanding as of March 31, 2023 and December 31, 2022)	`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
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$11.06M	USD	Point-in-time
Accumulated deficit and statutory reserves	`RetainedEarningsAccumulatedDeficit`	$-4.50M	USD	Point-in-time
Accumulated deficit and statutory reserves	`RetainedEarningsAccumulatedDeficit`	$-4.59M	USD	Point-in-time
Accumulated deficit and statutory reserves	`RetainedEarningsAccumulatedDeficit`	$-2.56M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$544.30K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-180.83K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-135.54K	USD	Point-in-time
Total Fortune Valley Treasures, Inc. stockholders equity	`StockholdersEquity`	$9.06M	USD	Point-in-time
Total Fortune Valley Treasures, Inc. stockholders equity	`StockholdersEquity`	$6.35M	USD	Point-in-time
Total Fortune Valley Treasures, Inc. stockholders equity	`StockholdersEquity`	$6.39M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$108.08K	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$404.84K	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$108.25K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.46M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.65M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.50M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.46M	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`	$9.39M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$9.29M	USD	Point-in-time

Income Statement 98 line items

Line Item	Tag	Value	Unit	Period
Net revenues (including $26,750 and $725 from related parties for the three months ended March 31, 2023 and 2022, respectively)	`RevenueFromContractWithCustomerExcludingAssessedTax`	$8.02M	USD	Annual
Net revenues (including $26,750 and $725 from related parties for the three months ended March 31, 2023 and 2022, respectively)	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.26M	USD	1 Quarter
Net revenues (including $26,750 and $725 from related parties for the three months ended March 31, 2023 and 2022, respectively)	`RevenueFromContractWithCustomerExcludingAssessedTax`	$9.23M	USD	Annual
Net revenues (including $26,750 and $725 from related parties for the three months ended March 31, 2023 and 2022, respectively)	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.64M	USD	1 Quarter
Cost of revenues (including $228,982 and $136,912 from related parties for the three months ended March 31, 2023 and 2022, respectively)	`CostOfRevenue`	$677.37K	USD	1 Quarter
Cost of revenues (including $228,982 and $136,912 from related parties for the three months ended March 31, 2023 and 2022, respectively)	`CostOfRevenue`	$518.46K	USD	1 Quarter
Cost of revenues (including $228,982 and $136,912 from related parties for the three months ended March 31, 2023 and 2022, respectively)	`CostOfRevenue`	$4.59M	USD	Annual
Cost of revenues (including $228,982 and $136,912 from related parties for the three months ended March 31, 2023 and 2022, respectively)	`CostOfRevenue`	$3.66M	USD	Annual
Gross profit	`GrossProfit`	$4.64M	USD	Annual
Gross profit	`GrossProfit`	$4.36M	USD	Annual
Gross profit	`GrossProfit`	$957.92K	USD	1 Quarter
Gross profit	`GrossProfit`	$743.35K	USD	1 Quarter
Selling and distribution expenses	`SellingAndMarketingExpense`	$61.05K	USD	Annual
Selling and distribution expenses	`SellingAndMarketingExpense`	$18.16K	USD	1 Quarter
Selling and distribution expenses	`SellingAndMarketingExpense`	$89.42K	USD	Annual
Selling and distribution expenses	`SellingAndMarketingExpense`	$13.24K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$4.69M	USD	Annual
Related parties in cost of revenues	`Revenues`	$725.00	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.10M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$951.39K	USD	1 Quarter
Related parties in cost of revenues	`Revenues`	$684.86K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$527.29K	USD	1 Quarter
Related parties in cost of revenues	`Revenues`	$26.75K	USD	1 Quarter
Related parties in cost of revenues	`Revenues`	$238.82K	USD	Annual
Impairment loss on intangible asset	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	-	USD	Annual
Impairment loss on intangible asset	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$979.43K	USD	Annual
Impairment loss on goodwill	`GoodwillImpairmentLoss`	-	USD	Annual
Impairment loss on goodwill	`GoodwillImpairmentLoss`	$863.83K	USD	Annual
Revenue from related parties	`RevenueFromContractWithCustomerExcludingAssessedTax`	$8.02M	USD	Annual
Revenue from related parties	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.26M	USD	1 Quarter
Revenue from related parties	`RevenueFromContractWithCustomerExcludingAssessedTax`	$9.23M	USD	Annual
Revenue from related parties	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.64M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-6.71K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$2.18M	USD	Annual
Operating income (loss)	`OperatingIncomeLoss`	$197.91K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-1.95M	USD	Annual
Related parties in cost of revenues	`RelatedPartiesAmountInCostOfSales`	$136.91K	USD	1 Quarter
Related parties in cost of revenues	`RelatedPartiesAmountInCostOfSales`	$228.98K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$10.55K	USD	Annual
Other income	`OtherNonoperatingIncome`	$52.02K	USD	Annual
Other income	`OtherNonoperatingIncome`	$1.77K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$6.21K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$260.00	USD	Annual
Interest income	`InterestIncomeOther`	$77.00	USD	1 Quarter
Interest income	`InterestIncomeOther`	$31.00	USD	1 Quarter
Interest income	`InterestIncomeOther`	$983.00	USD	Annual
Interest expense	`InterestExpense`	$17.82K	USD	Annual
Interest expense	`InterestExpense`	$31.44K	USD	Annual
Interest expense	`InterestExpense`	$9.29K	USD	1 Quarter
Interest expense	`InterestExpense`	$5.83K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-7.49K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$459.00	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-20.63K	USD	Annual
Other income (expense), net	`NonoperatingIncomeExpense`	$35.19K	USD	Annual
Income (loss) before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.21M	USD	Annual
Income (loss) before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.97M	USD	Annual
Income (loss) before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$198.37K	USD	1 Quarter
Income (loss) before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-14.20K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$22.41K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$186.48K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$248.84K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$74.97K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-2.16M	USD	Annual
Net income (loss)	`ProfitLoss`	$-89.18K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$1.96M	USD	Annual
Net income (loss)	`ProfitLoss`	$175.96K	USD	1 Quarter
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$183.73K	USD	Annual
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-213.96K	USD	Annual
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$27.28K	USD	1 Quarter
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-357.00	USD	1 Quarter
Net income (loss) attributable to Fortune Valley Treasures, Inc.	`NetIncomeLoss`	$148.68K	USD	1 Quarter
Net income (loss) attributable to Fortune Valley Treasures, Inc.	`NetIncomeLoss`	$-88.82K	USD	1 Quarter
Net income (loss) attributable to Fortune Valley Treasures, Inc.	`NetIncomeLoss`	$-1.94M	USD	Annual
Net income (loss) attributable to Fortune Valley Treasures, Inc.	`NetIncomeLoss`	$1.78M	USD	Annual
Foreign currency translation income	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-807.77K	USD	Annual
Foreign currency translation income	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$10.72K	USD	1 Quarter
Foreign currency translation income	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$45.47K	USD	1 Quarter
Foreign currency translation income	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$269.23K	USD	Annual
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$186.68K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-2.96M	USD	Annual
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-43.70K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$2.23M	USD	Annual
Less: comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-175.00	USD	1 Quarter
Less: comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-296.59K	USD	Annual
Less: comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$208.93K	USD	Annual
Less: comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$29.03K	USD	1 Quarter
Comprehensive income (loss) attributable to Fortune Valley Treasures, Inc.	`ComprehensiveIncomeNetOfTax`	$-43.53K	USD	1 Quarter
Comprehensive income (loss) attributable to Fortune Valley Treasures, Inc.	`ComprehensiveIncomeNetOfTax`	$-2.67M	USD	Annual
Comprehensive income (loss) attributable to Fortune Valley Treasures, Inc.	`ComprehensiveIncomeNetOfTax`	$157.65K	USD	1 Quarter
Comprehensive income (loss) attributable to Fortune Valley Treasures, Inc.	`ComprehensiveIncomeNetOfTax`	$2.02M	USD	Annual
Basic and diluted earnings (loss) per share	`EarningsPerShareBasic`	$0.11	USD	Annual
Basic and diluted earnings (loss) per share	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Basic and diluted earnings (loss) per share	`EarningsPerShareBasic`	$-0.12	USD	Annual
Basic and diluted earnings (loss) per share	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	15.66M	shares	Annual
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	15.66M	shares	Annual
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	15.66M	shares	1 Quarter
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	15.66M	shares	1 Quarter

Cash Flow Statement 146 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-2.16M	USD	Annual
Net income (loss)	`ProfitLoss`	$-89.18K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$1.96M	USD	Annual
Net income (loss)	`ProfitLoss`	$175.96K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$852.88K	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$224.42K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$64.29K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$869.41K	USD	Annual
Non-cash lease expense	`NoncashLeaseExpense`	$34.83K	USD	1 Quarter
Non-cash lease expense	`NoncashLeaseExpense`	$172.31K	USD	Annual
Non-cash lease expense	`NoncashLeaseExpense`	$117.82K	USD	Annual
Non-cash lease expense	`NoncashLeaseExpense`	$49.71K	USD	1 Quarter
Allowance for credit losses	`ProvisionForDoubtfulAccounts`	-	USD	Annual
Allowance for credit losses	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Allowance for credit losses	`ProvisionForDoubtfulAccounts`	$2.56M	USD	Annual
Allowance for credit losses	`ProvisionForDoubtfulAccounts`	$276.77K	USD	1 Quarter
Impairment loss on intangible asset	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	-	USD	Annual
Impairment loss on intangible asset	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$979.43K	USD	Annual
Impairment loss on goodwill	`GoodwillImpairmentLoss`	-	USD	Annual
Impairment loss on goodwill	`GoodwillImpairmentLoss`	$863.83K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$124.84K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$546.35K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.42M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-785.26K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-66.42K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-64.78K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$76.52K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$66.68K	USD	1 Quarter
Prepayments and other current assets, net	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$446.88K	USD	1 Quarter
Prepayments and other current assets, net	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.76M	USD	Annual
Prepayments and other current assets, net	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.03M	USD	Annual
Prepayments and other current assets, net	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$53.73K	USD	1 Quarter
Due from related parties	`IncreaseDecreaseInDueFromRelatedParties`	$-24.96K	USD	Annual
Due from related parties	`IncreaseDecreaseInDueFromRelatedParties`	$-167.00	USD	1 Quarter
Due from related parties	`IncreaseDecreaseInDueFromRelatedParties`	-	USD	1 Quarter
Due from related parties	`IncreaseDecreaseInDueFromRelatedParties`	$-356.23K	USD	Annual
Deposits paid, net	`IncreaseDecreaseInDepositOtherAssets`	$11.88K	USD	1 Quarter
Deposits paid, net	`IncreaseDecreaseInDepositOtherAssets`	$1.59M	USD	Annual
Deposits paid, net	`IncreaseDecreaseInDepositOtherAssets`	$327.39K	USD	1 Quarter
Deposits paid, net	`IncreaseDecreaseInDepositOtherAssets`	$251.54K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$23.68K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$482.21K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-74.50K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-18.63K	USD	Annual
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$-162.02K	USD	Annual
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$118.01K	USD	Annual
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$-112.72K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$12.20K	USD	1 Quarter
Customer advances	`IncreaseDecreaseInContractWithCustomerLiability`	$-210.26K	USD	Annual
Customer advances	`IncreaseDecreaseInContractWithCustomerLiability`	$-218.72K	USD	Annual
Customer advances	`IncreaseDecreaseInContractWithCustomerLiability`	$-31.91K	USD	1 Quarter
Customer advances	`IncreaseDecreaseInContractWithCustomerLiability`	$517.00	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$189.81K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$27.82K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$95.90K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$531.33K	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-300.14K	USD	Annual
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-6.72K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-25.75K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$15.66K	USD	Annual
Operating lease obligations	`IncreaseDecreaseInOperatingLeaseLiability`	$-137.26K	USD	Annual
Operating lease obligations	`IncreaseDecreaseInOperatingLeaseLiability`	$-163.81K	USD	Annual
Operating lease obligations	`IncreaseDecreaseInOperatingLeaseLiability`	$-41.55K	USD	1 Quarter
Operating lease obligations	`IncreaseDecreaseInOperatingLeaseLiability`	$-44.07K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$133.44K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.93K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-174.91K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-457.14K	USD	Annual
Acquisition of intangible asset	`PaymentsToAcquireIntangibleAssets`	$702.00	USD	1 Quarter
Acquisition of intangible asset	`PaymentsToAcquireIntangibleAssets`	$7.51K	USD	Annual
Acquisition of intangible asset	`PaymentsToAcquireIntangibleAssets`	$28.01K	USD	Annual
Acquisition of intangible asset	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Repayment of advance to related parties	`ProceedsRepaymentOfAdvanceToRelatedParties`	$614.27K	USD	Annual
Repayment of advance to related parties	`ProceedsRepaymentOfAdvanceToRelatedParties`	-	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.60K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$117.08K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$469.19K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.11K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-702.00	USD	1 Quarter
Borrowings from related parties	`ProceedsFromRelatedPartyDebt`	$464.96K	USD	Annual
Borrowings from related parties	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Borrowings from a revolving credit line	`ProceedsFromLinesOfCredit`	-	USD	Annual
Borrowings from a revolving credit line	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Borrowings from a revolving credit line	`ProceedsFromLinesOfCredit`	$148.61K	USD	Annual
Borrowings from a revolving credit line	`ProceedsFromLinesOfCredit`	$67.96K	USD	1 Quarter
Borrowings from bank loans	`ProceedsFromBankDebt`	$135.50K	USD	Annual
Borrowings from bank loans	`ProceedsFromBankDebt`	$77.61K	USD	Annual
Borrowings from a third party	`ProceedsFromThirdParty`	$80.34K	USD	Annual
Borrowings from a third party	`ProceedsFromThirdParty`	-	USD	Annual
Repayments to related parties	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Repayments to related parties	`RepaymentsOfRelatedPartyDebt`	$684.78K	USD	Annual
Repayments to related parties	`RepaymentsOfRelatedPartyDebt`	$154.51K	USD	Annual
Repayments to related parties	`RepaymentsOfRelatedPartyDebt`	$78.76K	USD	1 Quarter
Repayments to bank loans	`RepaymentsOfBankDebt`	$61.18K	USD	Annual
Repayments to bank loans	`RepaymentsOfBankDebt`	$27.06K	USD	1 Quarter
Repayments to bank loans	`RepaymentsOfBankDebt`	-	USD	1 Quarter
Repayments to bank loans	`RepaymentsOfBankDebt`	-	USD	Annual
Repayments to a third party	`RepaymentsToThirdParty`	$9.88K	USD	1 Quarter
Repayments to a third party	`RepaymentsToThirdParty`	$82.63K	USD	Annual
Repayments to a third party	`RepaymentsToThirdParty`	$49.82K	USD	Annual
Repayments to a third party	`RepaymentsToThirdParty`	$16.88K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$31.02K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$66.12K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-192.03K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-95.64K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-20.41K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$53.31K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-10.35K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-909.00	USD	1 Quarter
Net changes in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$27.45K	USD	1 Quarter
Net changes in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$42.52K	USD	Annual
Net changes in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-145.50K	USD	1 Quarter
Net changes in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-126.67K	USD	Annual
Cash and cash equivalentsbeginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$150.61K	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 equivalentsbeginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$165.69K	USD	Point-in-time
Cash and cash equivalentsbeginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$20.19K	USD	Point-in-time
Cash and cash equivalentsend of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$150.61K	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
Cash and cash equivalentsend of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$165.69K	USD	Point-in-time
Cash and cash equivalentsend of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$20.19K	USD	Point-in-time
Interest paid	`InterestPaidNet`	$5.83K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$9.29K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$17.82K	USD	Annual
Interest paid	`InterestPaidNet`	$31.44K	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	$166.52K	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	$64.78K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	$121.88K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	$444.38K	USD	Annual
Expenses paid by related parties on behalf of the Company	`ExpensePaidByRelatedPartiesOnBehalfOfCompany`	$344.22K	USD	Annual
Expenses paid by related parties on behalf of the Company	`ExpensePaidByRelatedPartiesOnBehalfOfCompany`	$135.77K	USD	Annual
Remeasurement of the operating lease obligation and right-of-use asset due to lease modification	`RemeasurementOfOperatingLeaseObligationAndRightofuseAssetDueToLeaseModification`	-	USD	Annual
Remeasurement of the operating lease obligation and right-of-use asset due to lease modification	`RemeasurementOfOperatingLeaseObligationAndRightofuseAssetDueToLeaseModification`	$41.01K	USD	Annual
Operating lease right-of-use asset obtained in exchange for operating lease obligation	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	1 Quarter
Operating lease right-of-use asset obtained in exchange for operating lease obligation	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$25.18K	USD	1 Quarter
Operating lease right-of-use asset obtained in exchange for operating lease obligation	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$94.28K	USD	Annual
Operating lease right-of-use asset obtained in exchange for operating lease obligation	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$319.09K	USD	Annual
Loss on disposal of intangible asset	`GainLossOnDispositionOfIntangibleAssets`	$-1.53K	USD	1 Quarter
Loss on disposal of intangible asset	`GainLossOnDispositionOfIntangibleAssets`	-	USD	1 Quarter
Net cash used in investing activity	`NetCashProvidedByUsedInInvestingActivities`	$469.19K	USD	Annual
Net cash used in investing activity	`NetCashProvidedByUsedInInvestingActivities`	$-10.11K	USD	Annual
Net cash used in investing activity	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activity	`NetCashProvidedByUsedInInvestingActivities`	$-702.00	USD	1 Quarter

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.46M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.65M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.50M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.46M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.23M	USD	Point-in-time
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-807.77K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$10.72K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$45.47K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$269.23K	USD	Annual
Net income ( loss)	`ProfitLoss`	$-2.16M	USD	Annual
Net income ( loss)	`ProfitLoss`	$-89.18K	USD	1 Quarter
Net income ( loss)	`ProfitLoss`	$1.96M	USD	Annual
Net income ( loss)	`ProfitLoss`	$175.96K	USD	1 Quarter
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.46M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.65M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.50M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.46M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.23M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.