Fortune Valley Treasures, Inc. financial data

Symbol
FVTI on OTC
Industry
Retail-Miscellaneous Retail
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
Q1 2024 - May 20, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 166 % -47%
Quick Ratio 1.48 % -76.4%
Debt-to-equity 110 % +261%
Return On Equity -155 % -481%
Return On Assets -72.5 % -253%
Operating Margin -4.69K % -474%

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 2.87M USD -70.1%
Cost of Revenue 1.79M USD -62.3%
Selling and Marketing Expense 56.8K USD +1.15%
General and Administrative Expense 5.72M USD +11.9%
Operating Income (Loss) -5.14M USD -139%
Nonoperating Income (Expense) -18.9K USD +34%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -5.16M USD -136%
Income Tax Expense (Benefit) 21.8K USD -90.9%
Net Income (Loss) Attributable to Parent -4.96M USD -127%
Earnings Per Share, Basic -0.31 USD/shares -121%
Earnings Per Share, Diluted -0.31 USD/shares -500%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 16.8K USD -16.8%
Accounts Receivable, after Allowance for Credit Loss, Current 2.53M USD -52.9%
Inventory, Net 25.1K USD -70.5%
Other Assets, Current 2.71K USD -94%
Assets, Current 4.1M USD -43.9%
Property, Plant and Equipment, Net 74.1K USD -15.5%
Operating Lease, Right-of-Use Asset 297K USD -23%
Intangible Assets, Net (Excluding Goodwill) 97.8K USD -69.3%
Goodwill 431K USD -65.7%
Assets 5.15M USD -45.2%
Accounts Payable, Current 495K USD -30.9%
Accrued Liabilities, Current 672K USD +11.8%
Contract with Customer, Liability, Current 1.35M USD +860%
Liabilities, Current 3.82M USD +43.2%
Operating Lease, Liability, Noncurrent 190K USD -21.1%
Liabilities 4.23M USD +44.1%
Accumulated Other Comprehensive Income (Loss), Net of Tax -475K USD -251%
Retained Earnings (Accumulated Deficit) -9.55M USD -108%
Stockholders' Equity Attributable to Parent 1.05M USD -83.4%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 920K USD -85.7%
Liabilities and Equity 5.15M USD -45.2%

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 -4.88K USD +51.7%
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 259K USD -27.7%
Depreciation 8.21K USD -19.4%
Payments to Acquire Property, Plant, and Equipment 4.88K USD +87.7%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -5.3M USD -84.6%
Lessee, Operating Lease, Liability, to be Paid 300K USD -20.9%
Property, Plant and Equipment, Gross 240K USD -1.28%
Operating Lease, Liability, Current 110K USD -17.5%
Lessee, Operating Lease, Liability, to be Paid, Year Two 129K USD +23.3%
Lessee, Operating Lease, Liability, to be Paid, Year One 116K USD -2.87%
Operating Lease, Weighted Average Discount Rate, Percent 0.03 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 40.8K USD +97.1%
Lessee, Operating Lease, Liability, to be Paid, Year Three 48.6K USD +13.1%
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%