10-Q Filing

FORTUNE VALLEY TREASURES, INC. CIK: 1626745 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0001493152-24-020675`
Period End Date	20240331
Filing Date	20240520
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 120 Income Statement 100 Cash Flow Statement 128 Stockholders Equity 24

Balance Sheet 120 line items

Line Item	Tag	Value	Unit	Period
Deposit paid, related parties	`RelatedPartyDepositAssets`	$536.45K	USD	Point-in-time
Deposit paid, related parties	`RelatedPartyDepositAssets`	$536.45K	USD	Point-in-time
Deposit paid, related parties	`RelatedPartyDepositAssets`	$527.30K	USD	Point-in-time
Deposit paid, related parties	`RelatedPartyDepositAssets`	$527.30K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.79K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.79K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$288.25K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$288.25K	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
Accounts receivable, net (including $42,956 and $61,113 from related parties as of March 31, 2024 and December 31, 2023, respectively)	`AccountsReceivableNetCurrent`	$3.12M	USD	Point-in-time
Accounts receivable, net (including $42,956 and $61,113 from related parties as of March 31, 2024 and December 31, 2023, respectively)	`AccountsReceivableNetCurrent`	$3.12M	USD	Point-in-time
Accounts receivable, net (including $42,956 and $61,113 from related parties as of March 31, 2024 and December 31, 2023, respectively)	`AccountsReceivableNetCurrent`	$2.53M	USD	Point-in-time
Accounts receivable, net (including $42,956 and $61,113 from related parties as of March 31, 2024 and December 31, 2023, respectively)	`AccountsReceivableNetCurrent`	$2.53M	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`	15.66M	shares	Point-in-time
Inventories	`InventoryNet`	$32.59K	USD	Point-in-time
Inventories	`InventoryNet`	$32.59K	USD	Point-in-time
Inventories	`InventoryNet`	$25.15K	USD	Point-in-time
Inventories	`InventoryNet`	$25.15K	USD	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.66M	shares	Point-in-time
Prepayments and other current assets, net (including $873,085 and $941,978 to related parties as of March 31, 2024 and December 31, 2023, respectively)	`PrepaidExpenseAndOtherAssetsCurrent`	$1.53M	USD	Point-in-time
Prepayments and other current assets, net (including $873,085 and $941,978 to related parties as of March 31, 2024 and December 31, 2023, respectively)	`PrepaidExpenseAndOtherAssetsCurrent`	$1.53M	USD	Point-in-time
Prepayments and other current assets, net (including $873,085 and $941,978 to related parties as of March 31, 2024 and December 31, 2023, respectively)	`PrepaidExpenseAndOtherAssetsCurrent`	$1.64M	USD	Point-in-time
Prepayments and other current assets, net (including $873,085 and $941,978 to related parties as of March 31, 2024 and December 31, 2023, respectively)	`PrepaidExpenseAndOtherAssetsCurrent`	$1.64M	USD	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
Total current assets	`AssetsCurrent`	$5.08M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.08M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.10M	USD	Point-in-time
Deposits paid, net (including $527,304 and $536,450 to related parties as of March 31, 2024 and December 31, 2023, respectively)	`DepositsAssetsNoncurrent`	$618.46K	USD	Point-in-time
Deposits paid, net (including $527,304 and $536,450 to related parties as of March 31, 2024 and December 31, 2023, respectively)	`DepositsAssetsNoncurrent`	$618.46K	USD	Point-in-time
Deposits paid, net (including $527,304 and $536,450 to related parties as of March 31, 2024 and December 31, 2023, respectively)	`DepositsAssetsNoncurrent`	$603.72K	USD	Point-in-time
Deposits paid, net (including $527,304 and $536,450 to related parties as of March 31, 2024 and December 31, 2023, respectively)	`DepositsAssetsNoncurrent`	$603.72K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$83.71K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$83.71K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$74.12K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$74.12K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$151.64K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$151.64K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$97.78K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$97.78K	USD	Point-in-time
Total Assets	`Assets`	$6.25M	USD	Point-in-time
Total Assets	`Assets`	$6.25M	USD	Point-in-time
Total Assets	`Assets`	$5.15M	USD	Point-in-time
Total Assets	`Assets`	$5.15M	USD	Point-in-time
Accounts payable (including $194,550 and $162,310 to related parties as of March 31, 2024 and December 31, 2023, respectively)	`AccountsPayableCurrent`	$583.89K	USD	Point-in-time
Accounts payable (including $194,550 and $162,310 to related parties as of March 31, 2024 and December 31, 2023, respectively)	`AccountsPayableCurrent`	$583.89K	USD	Point-in-time
Accounts payable (including $194,550 and $162,310 to related parties as of March 31, 2024 and December 31, 2023, respectively)	`AccountsPayableCurrent`	$495.23K	USD	Point-in-time
Accounts payable (including $194,550 and $162,310 to related parties as of March 31, 2024 and December 31, 2023, respectively)	`AccountsPayableCurrent`	$495.23K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$627.46K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$627.46K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$671.72K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$671.72K	USD	Point-in-time
Bank and other borrowings - current	`ShortTermBorrowings`	$424.60K	USD	Point-in-time
Bank and other borrowings - current	`ShortTermBorrowings`	$424.60K	USD	Point-in-time
Bank and other borrowings - current	`ShortTermBorrowings`	$458.02K	USD	Point-in-time
Bank and other borrowings - current	`ShortTermBorrowings`	$458.02K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$1.45K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$1.45K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Customer advances	`ContractWithCustomerLiabilityCurrent`	$1.36M	USD	Point-in-time
Customer advances	`ContractWithCustomerLiabilityCurrent`	$1.36M	USD	Point-in-time
Customer advances	`ContractWithCustomerLiabilityCurrent`	$1.35M	USD	Point-in-time
Customer advances	`ContractWithCustomerLiabilityCurrent`	$1.35M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.85M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.85M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.82M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.82M	USD	Point-in-time
Bank and other borrowings	`LongTermDebtNoncurrent`	$247.59K	USD	Point-in-time
Bank and other borrowings	`LongTermDebtNoncurrent`	$247.59K	USD	Point-in-time
Bank and other borrowings	`LongTermDebtNoncurrent`	$212.04K	USD	Point-in-time
Bank and other borrowings	`LongTermDebtNoncurrent`	$212.04K	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.26M	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.26M	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.23M	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.23M	USD	Point-in-time
Common stock, 150,000,000 shares authorized, 15,655,038 shares issued and outstanding as of March 31, 2024 and December 31, 2023	`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, 2024 and December 31, 2023	`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, 2024 and December 31, 2023	`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, 2024 and December 31, 2023	`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
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$11.06M	USD	Point-in-time
Accumulated deficit and statutory reserves	`RetainedEarningsAccumulatedDeficit`	$-8.55M	USD	Point-in-time
Accumulated deficit and statutory reserves	`RetainedEarningsAccumulatedDeficit`	$-8.55M	USD	Point-in-time
Accumulated deficit and statutory reserves	`RetainedEarningsAccumulatedDeficit`	$-9.55M	USD	Point-in-time
Accumulated deficit and statutory reserves	`RetainedEarningsAccumulatedDeficit`	$-9.55M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-406.19K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-406.19K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-475.41K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-475.41K	USD	Point-in-time
Total Fortune Valley Treasures, Inc. stockholders equity	`StockholdersEquity`	$2.12M	USD	Point-in-time
Total Fortune Valley Treasures, Inc. stockholders equity	`StockholdersEquity`	$2.12M	USD	Point-in-time
Total Fortune Valley Treasures, Inc. stockholders equity	`StockholdersEquity`	$1.05M	USD	Point-in-time
Total Fortune Valley Treasures, Inc. stockholders equity	`StockholdersEquity`	$1.05M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$-128.84K	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$-128.84K	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$-130.50K	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$-130.50K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.99M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.99M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$920.43K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$920.43K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.46M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.46M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.50M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.50M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$5.15M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$5.15M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$6.25M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$6.25M	USD	Point-in-time

Income Statement 100 line items

Line Item	Tag	Value	Unit	Period
Net revenues (including $3,844 and $26,750 from related parties for the three months ended March 31, 2024 and 2023, respectively)	`RevenueFromContractWithCustomerExcludingAssessedTax`	$267.82K	USD	1 Quarter
Net revenues (including $3,844 and $26,750 from related parties for the three months ended March 31, 2024 and 2023, respectively)	`RevenueFromContractWithCustomerExcludingAssessedTax`	$267.82K	USD	1 Quarter
Net revenues (including $3,844 and $26,750 from related parties for the three months ended March 31, 2024 and 2023, respectively)	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.64M	USD	1 Quarter
Net revenues (including $3,844 and $26,750 from related parties for the three months ended March 31, 2024 and 2023, respectively)	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.64M	USD	1 Quarter
Cost of revenues (including $87,912 and $228,982 from related parties for the three months ended March 31, 2024 and 2023, respectively)	`CostOfRevenue`	$677.37K	USD	1 Quarter
Cost of revenues (including $87,912 and $228,982 from related parties for the three months ended March 31, 2024 and 2023, respectively)	`CostOfRevenue`	$677.37K	USD	1 Quarter
Cost of revenues (including $87,912 and $228,982 from related parties for the three months ended March 31, 2024 and 2023, respectively)	`CostOfRevenue`	$212.89K	USD	1 Quarter
Cost of revenues (including $87,912 and $228,982 from related parties for the three months ended March 31, 2024 and 2023, respectively)	`CostOfRevenue`	$212.89K	USD	1 Quarter
Gross profit	`GrossProfit`	$957.92K	USD	1 Quarter
Gross profit	`GrossProfit`	$957.92K	USD	1 Quarter
Gross profit	`GrossProfit`	$54.93K	USD	1 Quarter
Gross profit	`GrossProfit`	$54.93K	USD	1 Quarter
Selling and distribution expenses	`SellingAndMarketingExpense`	$13.24K	USD	1 Quarter
Selling and distribution expenses	`SellingAndMarketingExpense`	$13.24K	USD	1 Quarter
Selling and distribution expenses	`SellingAndMarketingExpense`	$12.60K	USD	1 Quarter
Selling and distribution expenses	`SellingAndMarketingExpense`	$12.60K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$951.39K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$951.39K	USD	1 Quarter
Revenue from related parties	`RevenueFromContractWithCustomerExcludingAssessedTax`	$267.82K	USD	1 Quarter
Revenue from related parties	`RevenueFromContractWithCustomerExcludingAssessedTax`	$267.82K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.04M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.04M	USD	1 Quarter
Revenue from related parties	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.64M	USD	1 Quarter
Revenue from related parties	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.64M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-6.71K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-6.71K	USD	1 Quarter
Cost of revenue from related parties	`RelatedPartiesAmountInCostOfSales`	$228.98K	USD	1 Quarter
Cost of revenue from related parties	`RelatedPartiesAmountInCostOfSales`	$228.98K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-992.94K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-992.94K	USD	1 Quarter
Cost of revenue from related parties	`RelatedPartiesAmountInCostOfSales`	$87.91K	USD	1 Quarter
Cost of revenue from related parties	`RelatedPartiesAmountInCostOfSales`	$87.91K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$2.99K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$2.99K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$1.77K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$1.77K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$31.00	USD	1 Quarter
Interest income	`InterestIncomeOther`	$31.00	USD	1 Quarter
Interest income	`InterestIncomeOther`	$30.00	USD	1 Quarter
Interest income	`InterestIncomeOther`	$30.00	USD	1 Quarter
Interest expense	`InterestExpense`	$10.84K	USD	1 Quarter
Interest expense	`InterestExpense`	$10.84K	USD	1 Quarter
Interest expense	`InterestExpense`	$9.29K	USD	1 Quarter
Interest expense	`InterestExpense`	$9.29K	USD	1 Quarter
Other expense, net	`NonoperatingIncomeExpense`	$-7.82K	USD	1 Quarter
Other expense, net	`NonoperatingIncomeExpense`	$-7.82K	USD	1 Quarter
Other expense, net	`NonoperatingIncomeExpense`	$-7.49K	USD	1 Quarter
Other expense, net	`NonoperatingIncomeExpense`	$-7.49K	USD	1 Quarter
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-14.20K	USD	1 Quarter
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-14.20K	USD	1 Quarter
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.00M	USD	1 Quarter
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$74.97K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$74.97K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$319.00	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$319.00	USD	1 Quarter
Net loss	`ProfitLoss`	$-89.18K	USD	1 Quarter
Net loss	`ProfitLoss`	$-89.18K	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.00M	USD	1 Quarter
Less: Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-357.00	USD	1 Quarter
Less: Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-357.00	USD	1 Quarter
Less: Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.55K	USD	1 Quarter
Less: Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.55K	USD	1 Quarter
Net loss attributable to Fortune Valley Treasures, Inc.	`NetIncomeLoss`	$-88.82K	USD	1 Quarter
Net loss attributable to Fortune Valley Treasures, Inc.	`NetIncomeLoss`	$-88.82K	USD	1 Quarter
Net loss attributable to Fortune Valley Treasures, Inc.	`NetIncomeLoss`	$-999.53K	USD	1 Quarter
Net loss attributable to Fortune Valley Treasures, Inc.	`NetIncomeLoss`	$-999.53K	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-69.33K	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-69.33K	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$45.47K	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$45.47K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-1.07M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-1.07M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-43.70K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-43.70K	USD	1 Quarter
Less: Comprehensive loss attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-175.00	USD	1 Quarter
Less: Comprehensive loss attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-175.00	USD	1 Quarter
Less: Comprehensive loss attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-1.66K	USD	1 Quarter
Less: Comprehensive loss attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-1.66K	USD	1 Quarter
Comprehensive loss attributable to Fortune Valley Treasures, Inc.	`ComprehensiveIncomeNetOfTax`	$-43.53K	USD	1 Quarter
Comprehensive loss attributable to Fortune Valley Treasures, Inc.	`ComprehensiveIncomeNetOfTax`	$-43.53K	USD	1 Quarter
Comprehensive loss attributable to Fortune Valley Treasures, Inc.	`ComprehensiveIncomeNetOfTax`	$-1.07M	USD	1 Quarter
Comprehensive loss attributable to Fortune Valley Treasures, Inc.	`ComprehensiveIncomeNetOfTax`	$-1.07M	USD	1 Quarter
Basic earnings (loss) per share	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic earnings (loss) per share	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic earnings (loss) per share	`EarningsPerShareBasic`	$-0.06	USD	1 Quarter
Basic earnings (loss) per share	`EarningsPerShareBasic`	$-0.06	USD	1 Quarter
Diluted earnings (loss) per share	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Diluted earnings (loss) per share	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Diluted earnings (loss) per share	`EarningsPerShareDiluted`	$-0.06	USD	1 Quarter
Diluted earnings (loss) per share	`EarningsPerShareDiluted`	$-0.06	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	15.66M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	15.66M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	15.66M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	15.66M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.66M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.66M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.66M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.66M	shares	1 Quarter

Cash Flow Statement 128 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-89.18K	USD	1 Quarter
Net loss	`ProfitLoss`	$-89.18K	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$58.56K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$58.56K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$64.29K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$64.29K	USD	1 Quarter
Non-cash lease expense	`NoncashLeaseExpense`	$34.83K	USD	1 Quarter
Non-cash lease expense	`NoncashLeaseExpense`	$34.83K	USD	1 Quarter
Non-cash lease expense	`NoncashLeaseExpense`	$32.12K	USD	1 Quarter
Non-cash lease expense	`NoncashLeaseExpense`	$32.12K	USD	1 Quarter
Allowance for credit losses	`ProvisionForDoubtfulAccounts`	$276.77K	USD	1 Quarter
Allowance for credit losses	`ProvisionForDoubtfulAccounts`	$276.77K	USD	1 Quarter
Allowance for credit losses	`ProvisionForDoubtfulAccounts`	$645.05K	USD	1 Quarter
Allowance for credit losses	`ProvisionForDoubtfulAccounts`	$645.05K	USD	1 Quarter
Loss on disposal of intangible asset	`GainLossOnDispositionOfIntangibleAssets`	-	USD	1 Quarter
Loss on disposal of intangible asset	`GainLossOnDispositionOfIntangibleAssets`	-	USD	1 Quarter
Loss on disposal of intangible asset	`GainLossOnDispositionOfIntangibleAssets`	$-1.53K	USD	1 Quarter
Loss on disposal of intangible asset	`GainLossOnDispositionOfIntangibleAssets`	$-1.53K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$546.35K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$546.35K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$104.83K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$104.83K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-64.78K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-64.78K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-6.93K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-6.93K	USD	1 Quarter
Prepayments and other current assets, net	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-88.88K	USD	1 Quarter
Prepayments and other current assets, net	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-88.88K	USD	1 Quarter
Prepayments and other current assets, net	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$53.73K	USD	1 Quarter
Prepayments and other current assets, net	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$53.73K	USD	1 Quarter
Deposits paid, net	`IncreaseDecreaseInDepositOtherAssets`	$-4.22K	USD	1 Quarter
Deposits paid, net	`IncreaseDecreaseInDepositOtherAssets`	$-4.22K	USD	1 Quarter
Deposits paid, net	`IncreaseDecreaseInDepositOtherAssets`	$11.88K	USD	1 Quarter
Deposits paid, net	`IncreaseDecreaseInDepositOtherAssets`	$11.88K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-79.22K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-79.22K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$23.68K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$23.68K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$65.29K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$65.29K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$12.20K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$12.20K	USD	1 Quarter
Customer advances	`IncreaseDecreaseInContractWithCustomerLiability`	$517.00	USD	1 Quarter
Customer advances	`IncreaseDecreaseInContractWithCustomerLiability`	$517.00	USD	1 Quarter
Customer advances	`IncreaseDecreaseInContractWithCustomerLiability`	$9.68K	USD	1 Quarter
Customer advances	`IncreaseDecreaseInContractWithCustomerLiability`	$9.68K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$52.68K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$52.68K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$95.90K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$95.90K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-6.72K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-6.72K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.44K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.44K	USD	1 Quarter
Operating lease obligations	`IncreaseDecreaseInOperatingLeaseLiability`	$-41.55K	USD	1 Quarter
Operating lease obligations	`IncreaseDecreaseInOperatingLeaseLiability`	$-41.55K	USD	1 Quarter
Operating lease obligations	`IncreaseDecreaseInOperatingLeaseLiability`	$-67.01K	USD	1 Quarter
Operating lease obligations	`IncreaseDecreaseInOperatingLeaseLiability`	$-67.01K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-290.17K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-290.17K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-174.91K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-174.91K	USD	1 Quarter
Acquisition of intangible asset	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Acquisition of intangible asset	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Acquisition of intangible asset	`PaymentsToAcquireIntangibleAssets`	$702.00	USD	1 Quarter
Acquisition of intangible asset	`PaymentsToAcquireIntangibleAssets`	$702.00	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
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
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-702.00	USD	1 Quarter
Borrowings from and repayments to revolving credit lines, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$67.96K	USD	1 Quarter
Borrowings from and repayments to revolving credit lines, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$67.96K	USD	1 Quarter
Borrowings from and repayments to revolving credit lines, net	`ProceedsFromRepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Borrowings from and repayments to revolving credit lines, net	`ProceedsFromRepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Borrowings from bank loans	`ProceedsFromBankDebt`	-	USD	1 Quarter
Borrowings from bank loans	`ProceedsFromBankDebt`	-	USD	1 Quarter
Borrowings from bank loans	`ProceedsFromBankDebt`	$75.28K	USD	1 Quarter
Borrowings from bank loans	`ProceedsFromBankDebt`	$75.28K	USD	1 Quarter
Repayments of bank loans	`RepaymentsOfBankDebt`	$27.06K	USD	1 Quarter
Repayments of bank loans	`RepaymentsOfBankDebt`	$27.06K	USD	1 Quarter
Repayments of bank loans	`RepaymentsOfBankDebt`	$96.35K	USD	1 Quarter
Repayments of bank loans	`RepaymentsOfBankDebt`	$96.35K	USD	1 Quarter
Borrowings from and repayments to third party, net	`ProceedsAndRepaymentsofThirdParty`	$-9.88K	USD	1 Quarter
Borrowings from and repayments to third party, net	`ProceedsAndRepaymentsofThirdParty`	$-9.88K	USD	1 Quarter
Borrowings from and repayments to third party, net	`ProceedsAndRepaymentsofThirdParty`	$40.41K	USD	1 Quarter
Borrowings from and repayments to third party, net	`ProceedsAndRepaymentsofThirdParty`	$40.41K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$19.34K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$19.34K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$31.02K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$31.02K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-645.00	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-645.00	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-909.00	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`	$-145.50K	USD	1 Quarter
Net changes in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-145.50K	USD	1 Quarter
Net changes in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-271.47K	USD	1 Quarter
Net changes in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-271.47K	USD	1 Quarter
Cash and cash equivalentsbeginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$16.79K	USD	Point-in-time
Cash and cash equivalentsbeginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$16.79K	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`	$165.69K	USD	Point-in-time
Cash and cash equivalentsbeginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$288.25K	USD	Point-in-time
Cash and cash equivalentsbeginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$288.25K	USD	Point-in-time
Cash and cash equivalentsbeginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$20.19K	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`	$16.79K	USD	Point-in-time
Cash and cash equivalentsend of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$16.79K	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`	$165.69K	USD	Point-in-time
Cash and cash equivalentsend of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$288.25K	USD	Point-in-time
Cash and cash equivalentsend of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$288.25K	USD	Point-in-time
Cash and cash equivalentsend of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$20.19K	USD	Point-in-time
Cash and cash equivalentsend of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$20.19K	USD	Point-in-time
Interest paid	`InterestPaidNet`	$10.88K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$10.88K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$9.29K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$9.29K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	$121.88K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	$121.88K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	$2.23K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	$2.23K	USD	1 Quarter
Operating lease right-of-use assets obtained in exchange for operating lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	1 Quarter
Operating lease right-of-use assets obtained in exchange for operating lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	1 Quarter
Operating lease right-of-use assets obtained in exchange for operating lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$25.18K	USD	1 Quarter
Operating lease right-of-use assets obtained in exchange for operating lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$25.18K	USD	1 Quarter

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.99M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.99M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$920.43K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$920.43K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.46M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.46M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.50M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.50M	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$-89.18K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-89.18K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-1.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-1.00M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-69.33K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-69.33K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$45.47K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$45.47K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.99M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.99M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$920.43K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$920.43K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.46M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.46M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.50M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.50M	USD	Point-in-time

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