Future FinTech Group Inc. Files 10-Q for Q2 2025
Ticker: FTFT · Form: 10-Q · Filed: Aug 19, 2025 · CIK: 1066923
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
Future FinTech Group Inc. filed its Q2 2025 10-Q on Aug 19, 2025. Formerly SkyPeople Fruit Juice.
AI Summary
Future FinTech Group Inc. filed its 10-Q for the quarterly period ended June 30, 2025. The company, formerly known as SkyPeople Fruit Juice, Inc., is incorporated in Florida and its fiscal year ends on December 31. The filing is for the period ending June 30, 2025, and was submitted on August 19, 2025.
Why It Matters
This 10-Q filing provides investors with a crucial update on Future FinTech Group Inc.'s financial performance and operational status for the second quarter of 2025.
Risk Assessment
Risk Level: low — This filing is a standard quarterly report and does not contain immediate red flags or significant new risks.
Key Numbers
- 001-34502 — Commission file number (Identifies the company's filing with the SEC)
- 98-0222013 — I.R.S. Employer Identification Number (Tax identification number for the company)
Key Players & Entities
- Future FinTech Group Inc. (company) — Registrant
- June 30, 2025 (date) — Quarterly period end date
- August 19, 2025 (date) — Filing date
- SkyPeople Fruit Juice, Inc. (company) — Former company name
- Florida (location) — State of incorporation
FAQ
What is the primary purpose of this 10-Q filing?
The primary purpose of this 10-Q filing is to provide a quarterly report on the financial performance and condition of Future FinTech Group Inc. for the period ended June 30, 2025.
When was this 10-Q filing submitted to the SEC?
This 10-Q filing was submitted to the SEC on August 19, 2025.
What was Future FinTech Group Inc. formerly known as?
Future FinTech Group Inc. was formerly known as SkyPeople Fruit Juice, Inc.
In which state is Future FinTech Group Inc. incorporated?
Future FinTech Group Inc. is incorporated in Florida.
What is the fiscal year end for Future FinTech Group Inc.?
The fiscal year end for Future FinTech Group Inc. is December 31.
Filing Stats: 4,471 words · 18 min read · ~15 pages · Grade level 15 · Accepted 2025-08-19 16:31:28
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share FTFT Nasdaq Stock Market In
Filing Documents
- ea0252806-10q_future.htm (10-Q) — 992KB
- ea025280601ex31-1_future.htm (EX-31.1) — 11KB
- ea025280601ex31-2_future.htm (EX-31.2) — 11KB
- ea025280601ex32-1_future.htm (EX-32.1) — 4KB
- ea025280601ex32-2_future.htm (EX-32.2) — 4KB
- 0001213900-25-078518.txt ( ) — 7663KB
- ftft-20250630.xsd (EX-101.SCH) — 75KB
- ftft-20250630_cal.xml (EX-101.CAL) — 69KB
- ftft-20250630_def.xml (EX-101.DEF) — 382KB
- ftft-20250630_lab.xml (EX-101.LAB) — 677KB
- ftft-20250630_pre.xml (EX-101.PRE) — 402KB
- ea0252806-10q_future_htm.xml (XML) — 963KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION 1 Item 1.
Financial Statements
Financial Statements 1 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 29 Item 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 35 Item 4.
Controls and Procedures
Controls and Procedures 35
OTHER INFORMATION
PART II. OTHER INFORMATION 36 Item 1.
Legal Proceedings
Legal Proceedings 36 Item 1A.
Risk Factors
Risk Factors 37 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 37 Item 3. Defaults upon Senior Securities 37 Item 4. Mine Safety Disclosure 37 Item 5. Other Information 37 Item 6. Exhibits 37
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements FUTURE FINTECH GROUP INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) June 30, 2025 December 31, 2024 CURRENT ASSETS Cash and cash equivalents 5,786,303 4,765,865 Short - term investment 1,397 1,391 Accounts receivable, net 1,643,601 2,088,962 Other receivables, net 924,706 1,494,483 Advances to suppliers and other current assets 4,936,961 4,943,828 Loan receivables 6,984,600 7,094,764 Amount Due from Related Party 24,322 20,000 Assets related to discontinued operation-current - 307,594 TOTAL CURRENT ASSETS 20,301,890 20,716,887 Property, plant and equipment, net 2,423,703 2,464,641 Right of use assets - operation lease 298,903 368,982 Intangible assets 502,873 532,822 Debt investment 1,047,690 1,530,243 Assets related to discontinued operation-Non current - 289,363 TOTAL ASSETS 24,575,059 25,902,938 LIABILITIES CURRENT LIABILITIES Accounts payable 4,501,367 2,219,301 Accrued expenses and other payables 3,693,114 9,636,688 Advances from customers 16,856 30,559 Convertible notes payables 426,078 553,086 Lease liability - current 193,562 179,207 Amounts due to related parties - 8,871 Liability related to discontinued operation - 485,653 TOTAL CURRENT LIABILITIES 8,830,977 13,113,365 - NON-CURRENT LIABILITIES Other non-current liabilities 1,088,809 - Lease liability-non-current 107,584 192,754 TOTAL NON-CURRENT LIABILITIES 1,196,393 192,754 TOTAL LIABILITIES 10,027,370 13,306,119 - STOCKHOLDER' EQUITY - FUTURE FINTECH GROUP INC, Stockholders' equity Common stock, $ 0.001 par value; 6,000,000 shares authorized; 3,110,770 shares and 2,447,084 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively* 3,111 2,447 Additional paid-in capital 240,474,334 237,496,176 Statutory reserve 98,357 98,357 Accumulated deficits ( 221,607,102 ) ( 218,885,534 ) Accumulated o