v3.26.1
Discontinued Operations
 6 Months Ended
Jun. 30, 2026
Discontinued Operations [Abstract]  
DISCONTINUED OPERATIONS

18. DISCONTINUED OPERATIONS

 

On February 3, 2025, FTFT UK LIMITED, FTFT Finance UK Limited, Future Fintech Digital Number One US, LP, Future Fintech Digital Number One Offshore, LLC (Cayman), Future Fintech Digital Number One GP, LLC (USA), FTFT Digital Number One, Ltd. (Cayman), Future FinTech Labs Inc, Future Fintech Digital Capital, FTFT CAPITAL INVESTMENTS, DigiPay FinTech Limited, DCON DigiPay Limited-JPN and Global Key Shared Mall Ltd were disposed of for a consideration of US$25,000 after a court auction sale. The gain on disposal was $28.26 million.

 

On December 16, 2025, Future Commercial Management (Hainan) Co., Ltd. was disposed of for a consideration of $1.4 million (RMB10.0 million). The gain on disposal was $52,749.

 

Income from discontinued operations for the three and six months ended June 30, 2026 and 2025 was as follows:

 

   For the three months ended
June 30,		   For the six months ended
June 30,		 
   2026   2025   2026   2025 
REVENUES  $
-
   $10,822   $
-
   $21,668 
COST OF SALES   
-
    3,108    
-
    6,362 
GROSS PROFIT   
-
    7,714    
-
    15,306 
                     
OPERATING EXPENSES:                    
General and administrative expenses   
-
    1,873    
-
    11,741 
Selling expenses   
-
    
-
    
-
    11,430 
Allowance for (net recovery of) credit losses /doubtful accounts   
-
    (569)   
-
    511,876 
Total operating expenses   
-
    1,304    
-
    535,047 
                     
OTHER INCOME (EXPENSE)                    
Interest income   
-
    102,546    
-
    205,321 
Other expense   
-
    (13)   
-
    (4,702)
Total other income, net   
-
    102,533    
-
    200,619 
Income (Loss) from discontinued operations before income tax   
-
    108,943    
-
    (319,122)
Income tax provision   
-
    
-
    
-
    
-
 
Income (Loss) from discontinued operation before non-controlling interest   
-
    108,943    
-
    (319,122)
Gain on disposal of discontinued operations   
-
    
-
    
-
    28,258,798 
Less: net income attributable to non-controlling interests   
-
    
-
    
-
    1,866,066 
INCOME FROM DISCONTINUED OPERATION  $
-
   $108,943   $
-
   $26,073,610