Fortune Valley Treasures, Inc. financial data

Symbol
FVTI on OTC
Location
B1601 Oriental Impression Building 2, Liansheng Road, Humen Town Dongguan City, Guangdong Province, China
State of incorporation
Nevada
Fiscal year end
December 31
Former names
CRYPTO-SERVICES, INC. (to 3/2/2017)
Latest financial report
10-Q - Q2 2024 - Aug 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 128 % -55.2%
Quick Ratio 1.05 % -78%
Debt-to-equity 202 % +424%
Return On Equity -288 % -521%
Return On Assets -90.7 % -169%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 15.7M shares 0%
Common Stock, Shares, Outstanding 15.7M shares 0%
Entity Public Float 8.58M USD -32.9%
Common Stock, Value, Issued 15.7K USD 0%
Weighted Average Number of Shares Outstanding, Basic 15.7M shares 0%
Weighted Average Number of Shares Outstanding, Diluted 15.7M shares 0%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 3.84K USD -85.6%
Revenue from Contract with Customer, Excluding Assessed Tax 1.84M USD -78.4%
Cost of Revenue 1.34M USD -68.9%
Selling and Marketing Expense 56K USD +5.15%
General and Administrative Expense 5.5M USD -5.07%
Operating Income (Loss) -5.49M USD -59.3%
Nonoperating Income (Expense) -21.8K USD +22.7%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -5.52M USD -58.7%
Income Tax Expense (Benefit) 352 USD -99.8%
Net Income (Loss) Attributable to Parent -5.3M USD -59.9%
Earnings Per Share, Basic -0.34 USD/shares -61.9%
Earnings Per Share, Diluted -0.34 USD/shares -150%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 7.41K USD -90.2%
Accounts Receivable, after Allowance for Credit Loss, Current 2.16M USD -57.7%
Inventory, Net 34.5K USD -55%
Other Assets, Current 4.15K USD -40.6%
Assets, Current 3.65M USD -46.2%
Property, Plant and Equipment, Net 65.5K USD -41.7%
Operating Lease, Right-of-Use Asset 297K USD -23%
Intangible Assets, Net (Excluding Goodwill) 46.4K USD -81.6%
Goodwill 431K USD -65.7%
Assets 4.6M USD -46.4%
Accounts Payable, Current 518K USD -25.1%
Accrued Liabilities, Current 757K USD +36.9%
Contract with Customer, Liability, Current 1.34M USD +1046%
Liabilities, Current 4.15M USD +51.6%
Operating Lease, Liability, Noncurrent 190K USD -21.1%
Liabilities 4.48M USD +50%
Accumulated Other Comprehensive Income (Loss), Net of Tax -500K USD +3.3%
Retained Earnings (Accumulated Deficit) -10.3M USD -106%
Stockholders' Equity Attributable to Parent 297K USD -94.7%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 116K USD -97.9%
Liabilities and Equity 4.6M USD -46.4%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -290K USD -65.9%
Net Cash Provided by (Used in) Financing Activities 19.3K USD -37.6%
Net Cash Provided by (Used in) Investing Activities -702 USD
Common Stock, Shares Authorized 150M shares 0%
Common Stock, Shares, Issued 15.7M shares 0%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -271K USD -86.6%
Interest Paid, Excluding Capitalized Interest, Operating Activities 10.9K USD +17.1%
Deferred Tax Assets, Valuation Allowance 39.2K USD -36.5%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 39.2K USD -36.5%
Operating Lease, Liability 212K USD -35%
Depreciation 8.21K USD -19.4%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -5.28M USD -38%
Lessee, Operating Lease, Liability, to be Paid 219K USD -35.1%
Property, Plant and Equipment, Gross 238K USD -13.3%
Operating Lease, Liability, Current 110K USD -17.5%
Lessee, Operating Lease, Liability, to be Paid, Year Two 53K USD -49%
Lessee, Operating Lease, Liability, to be Paid, Year One 106K USD -12.7%
Operating Lease, Weighted Average Discount Rate, Percent 0.03 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 7.38K USD -37%
Lessee, Operating Lease, Liability, to be Paid, Year Three 5.5K USD -86.6%
Lessee, Operating Lease, Liability, to be Paid, Year Four 5.54K USD -4.86%
Operating Lease, Payments 71.7K USD +70.1%
Amortization of Intangible Assets 50.4K USD -6.95%
Depreciation, Depletion and Amortization 58.6K USD -8.92%
Interest Expense 39.9K USD +14.4%