Fortune Valley Treasures, Inc. — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that Fortune Valley Treasures, Inc. filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2023 | Dec 31, 2023 | $88.7K | Apr 15, 2024 |
| FY2023 | Dec 31, 2022 | $238.8K | Apr 15, 2024 |
| FY2021 | Dec 31, 2021 | $495.3K | Apr 1, 2022 |
| FY2021 | Dec 31, 2020 | $843.8K | Apr 1, 2022 |
| FY2018 | Dec 31, 2018 | $95.8K | Apr 2, 2019 |
| FY2018 | Dec 31, 2017 | $261.0K | Apr 2, 2019 |
| FY2015 | Aug 31, 2015 | $0 | Nov 30, 2015 |
| FY2015 | Aug 31, 2014 | $0 | Nov 30, 2015 |
Revenue
Revenue recognized from contracts with customers under ASC 606, excluding taxes collected on behalf of government authorities. This is the primary revenue concept for many companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2023 | Dec 31, 2023 | $4.24M | Apr 15, 2024 |
| FY2023 | Dec 31, 2022 | $9.23M | Apr 15, 2024 |
| FY2022 | Dec 31, 2021 | $8.02M | Mar 31, 2023 |
| FY2021 | Dec 31, 2020 | $5.01M | Apr 1, 2022 |
| FY2020 | Dec 31, 2019 | $275.2K | Apr 26, 2021 |
| FY2019 | Dec 31, 2018 | $95.8K | May 14, 2020 |
Gross Profit
Revenue minus the cost of goods sold (COGS). Gross profit shows how much revenue remains to cover operating expenses, R&D, and administrative costs before calculating operating income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2023 | Dec 31, 2023 | $1.98M | Apr 15, 2024 |
| FY2023 | Dec 31, 2022 | $4.64M | Apr 15, 2024 |
| FY2022 | Dec 31, 2021 | $4.36M | Mar 31, 2023 |
| FY2021 | Dec 31, 2020 | $3.33M | Apr 1, 2022 |
| FY2020 | Dec 31, 2019 | $59.0K | Apr 26, 2021 |
| FY2019 | Dec 31, 2018 | $49.4K | May 14, 2020 |
| FY2018 | Dec 31, 2017 | $126.2K | Apr 2, 2019 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2023 | Dec 31, 2023 | ($4.05M) | Apr 15, 2024 |
| FY2023 | Dec 31, 2022 | ($1.94M) | Apr 15, 2024 |
| FY2022 | Dec 31, 2021 | $1.78M | Mar 31, 2023 |
| FY2021 | Dec 31, 2020 | ($3.26M) | Apr 1, 2022 |
| FY2020 | Dec 31, 2019 | ($377.8K) | Apr 26, 2021 |
| FY2019 | Dec 31, 2018 | ($262.4K) | May 14, 2020 |
| FY2018 | Dec 31, 2017 | ($187.5K) | Apr 2, 2019 |
| FY2017 | Aug 31, 2017 | ($105.9K) | Nov 24, 2017 |
| FY2017 | Aug 31, 2016 | ($47.5K) | Nov 24, 2017 |
| FY2016 | Aug 31, 2015 | ($45.6K) | Feb 17, 2017 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2023 | Dec 31, 2023 | ($4.16M) | Apr 15, 2024 |
| FY2023 | Dec 31, 2022 | ($1.95M) | Apr 15, 2024 |
| FY2022 | Dec 31, 2021 | $2.18M | Mar 31, 2023 |
| FY2021 | Dec 31, 2020 | ($3.15M) | Apr 1, 2022 |
| FY2020 | Dec 31, 2019 | ($380.3K) | Apr 26, 2021 |
| FY2019 | Dec 31, 2018 | ($266.1K) | May 14, 2020 |
| FY2018 | Dec 31, 2017 | ($184.8K) | Apr 2, 2019 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2023 | Dec 31, 2023 | ($179.2K) | Apr 15, 2024 |
| FY2023 | Dec 31, 2022 | $6.9K | Apr 15, 2024 |
| FY2022 | Dec 31, 2021 | ($457.1K) | Mar 31, 2023 |
| FY2021 | Dec 31, 2020 | $1.24M | Apr 1, 2022 |
| FY2020 | Dec 31, 2019 | ($173.6K) | Apr 26, 2021 |
| FY2019 | Dec 31, 2018 | ($230.4K) | May 14, 2020 |
| FY2018 | Dec 31, 2017 | ($279.3K) | Apr 2, 2019 |
| FY2017 | Aug 31, 2016 | ($42.5K) | Nov 24, 2017 |
| FY2016 | Aug 31, 2015 | ($35.0K) | Feb 17, 2017 |
| FY2015 | Aug 31, 2014 | ($241) | Nov 30, 2015 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2023 | Dec 31, 2023 | $4.9K | Apr 15, 2024 |
| FY2023 | Dec 31, 2022 | $2.6K | Apr 15, 2024 |
| FY2022 | Dec 31, 2021 | $117.1K | Mar 31, 2023 |
| FY2021 | Dec 31, 2020 | $65.9K | Apr 1, 2022 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2023 | Dec 31, 2023 | $6.25M | Apr 15, 2024 |
| FY2023 | Dec 31, 2022 | $9.29M | Apr 15, 2024 |
| FY2022 | Dec 31, 2021 | $11.69M | Mar 31, 2023 |
| FY2021 | Dec 31, 2020 | $9.66M | Apr 1, 2022 |
| FY2020 | Dec 31, 2019 | $193.0K | Apr 26, 2021 |
| FY2019 | Dec 31, 2018 | $348.1K | May 14, 2020 |
| FY2018 | Dec 31, 2017 | $427.2K | Apr 2, 2019 |
| FY2017 | Aug 31, 2017 | $5.8K | Nov 24, 2017 |
| FY2017 | Aug 31, 2016 | $8.8K | Nov 24, 2017 |
| FY2016 | Aug 31, 2015 | $42.5K | Feb 17, 2017 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2023 | Dec 31, 2023 | $4.26M | Apr 15, 2024 |
| FY2023 | Dec 31, 2022 | $2.79M | Apr 15, 2024 |
| FY2022 | Dec 31, 2021 | $2.22M | Mar 31, 2023 |
| FY2021 | Dec 31, 2020 | $2.43M | Apr 1, 2022 |
| FY2020 | Dec 31, 2019 | $953.5K | Apr 26, 2021 |
| FY2019 | Dec 31, 2018 | $735.3K | May 14, 2020 |
| FY2018 | Dec 31, 2017 | $558.7K | Apr 2, 2019 |
| FY2017 | Aug 31, 2017 | $114.5K | Nov 24, 2017 |
| FY2017 | Aug 31, 2016 | $23.2K | Nov 24, 2017 |
| FY2016 | Aug 31, 2015 | $10.8K | Feb 17, 2017 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2023 | Dec 31, 2023 | $2.12M | Apr 15, 2024 |
| FY2023 | Dec 31, 2022 | $6.39M | Apr 15, 2024 |
| FY2022 | Dec 31, 2021 | $9.06M | Mar 31, 2023 |
| FY2021 | Dec 31, 2020 | $7.04M | Apr 1, 2022 |
| FY2020 | Dec 31, 2019 | ($760.5K) | Apr 26, 2021 |
| FY2019 | Dec 31, 2018 | ($387.2K) | May 14, 2020 |
| FY2019 | Dec 31, 2017 | ($131.5K) | May 14, 2020 |
| FY2017 | Aug 31, 2017 | ($108.6K) | Nov 24, 2017 |
| FY2018 | Dec 31, 2016 | $15.5K | Apr 2, 2019 |
| FY2017 | Aug 31, 2016 | ($14.3K) | Nov 24, 2017 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2023 | Dec 31, 2022 | $454.2K | Apr 15, 2024 |
| FY2022 | Dec 31, 2021 | $1.41M | Mar 31, 2023 |
| FY2021 | Dec 31, 2020 | $1.37M | Apr 1, 2022 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2023 | Dec 31, 2023 | ($8.55M) | Apr 15, 2024 |
| FY2023 | Dec 31, 2022 | ($4.50M) | Apr 15, 2024 |
| FY2022 | Dec 31, 2021 | ($2.56M) | Mar 31, 2023 |
| FY2021 | Dec 31, 2020 | ($4.34M) | Apr 1, 2022 |
| FY2020 | Dec 31, 2019 | ($1.09M) | Apr 26, 2021 |
| FY2019 | Dec 31, 2018 | ($708.1K) | May 14, 2020 |
| FY2018 | Dec 31, 2017 | ($445.7K) | Apr 2, 2019 |
| FY2017 | Aug 31, 2017 | ($199.2K) | Nov 24, 2017 |
| FY2017 | Aug 31, 2016 | ($93.3K) | Nov 24, 2017 |
| FY2016 | Aug 31, 2015 | ($45.8K) | Feb 17, 2017 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2023 | Dec 31, 2023 | $288.3K | Apr 15, 2024 |
| FY2023 | Dec 31, 2022 | $165.7K | Apr 15, 2024 |
| FY2022 | Dec 31, 2021 | $123.2K | Mar 31, 2023 |
| FY2021 | Dec 31, 2020 | $249.8K | Apr 1, 2022 |
| FY2020 | Dec 31, 2019 | $38.1K | Apr 26, 2021 |
| FY2019 | Dec 31, 2018 | $30.0K | May 14, 2020 |
| FY2018 | Dec 31, 2017 | $77.8K | Apr 2, 2019 |
| FY2015 | Aug 31, 2015 | $42.5K | Nov 30, 2015 |
| FY2015 | Aug 31, 2014 | $50.0K | Nov 30, 2015 |
| FY2015 | Mar 21, 2014 | $0 | Nov 30, 2015 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2023 | Dec 31, 2023 | $670.1K | Apr 15, 2024 |
| FY2023 | Dec 31, 2022 | $481.1K | Apr 15, 2024 |
| FY2022 | Dec 31, 2021 | $289.4K | Mar 31, 2023 |
| FY2021 | Dec 31, 2020 | $254.3K | Apr 1, 2022 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2023 | Dec 31, 2023 | 0 | Apr 15, 2024 |
| FY2023 | Dec 31, 2022 | 0 | Apr 15, 2024 |
| FY2022 | Dec 31, 2021 | 0 | Mar 31, 2023 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2023 | Dec 31, 2023 | 0 | Apr 15, 2024 |
| FY2023 | Dec 31, 2022 | 0 | Apr 15, 2024 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2023 | Dec 31, 2023 | 15.66M | Apr 15, 2024 |
| FY2023 | Dec 31, 2022 | 15.66M | Apr 15, 2024 |
| FY2022 | Dec 31, 2021 | 15.66M | Mar 31, 2023 |
| FY2022 | Oct 21, 2021 | 15.66M | Mar 31, 2023 |
| FY2021 | Dec 31, 2020 | 15.66M | Apr 1, 2022 |
| FY2023 | Sep 30, 2020 | 313.10M | Apr 15, 2024 |
| FY2020 | Dec 31, 2019 | 307.75M | Apr 26, 2021 |
| FY2019 | Dec 31, 2018 | 307.75M | May 14, 2020 |
| FY2018 | Dec 31, 2017 | 307.75M | Apr 2, 2019 |
| FY2017 | Aug 31, 2017 | 7.75M | Nov 24, 2017 |