Discontinued Operations

12 Months Ended

Dec. 31, 2025

Discontinued Operations [Abstract]

DISCONTINUED OPERATIONS

19. DISCONTINUED OPERATIONS

On March 7, 2024, Chain Cloud Mall Network and Technology (Tianjin) Co., Limited was dissolved and deregistered. The loss on disposal was $45,487.54.

On September 4, 2024, Tianjin Future Private Equity Fund Management Partnership (Ltd Partnership) was dissolved and deregistered. The loss on disposal was $22.46.

On October 18, 2024, Nice Talent Asset Management Limited (“NTAM”) was disposed of for a consideration of $0.31 million (HK$2.40 million). The loss on disposal was $2.32 million.

On December 6, 2024, FTFT Super Computing Inc. was disposed of for a consideration of US$1.97 million, of which (i) the assumption of the obligations of FTFT Super Computing totaling $973,072.24 and (ii) $1,000,000 was paid to an account at Olshan Frome Wolosky LLP to satisfy, in part, the right of payment held by FT Global Capital, Inc. arising from the judgment entered in favor of FT Global and against the Company registered in the Southern District of New York. The gain on disposal was $3.42 million.

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 years ended December 31, 2025 and 2024 was as follows:

	For the Years ended December 31,
	2025			2024
REVENUES	$	43,585		$	43,715
COST OF REVENUES		12,816			9,637
GROSS PROFIT		30,769			34,078
OPERATING EXPENSES:
General and administrative expenses		32,072			1,510,233
Research and development expenses		-			312,865
Selling expenses		11,430			-
Allowance for (Net recovery of) credit losses / doubtful accounts		514,798			(763,539	)
Total operating expenses		558,300			1,059,559
OTHER INCOME (EXPENSE)
Interest income		413,001			413,695
Interest expense		-			-
Other income (expense)		(4,762	)		116,949
Total other income		408,239			530,644
Loss from discontinued operations before income tax		(119,292	)		(494,837	)
Income tax provision		-			-
Loss from discontinued operations before non-controlling interest		(119,292	)		(494,837	)
Gain on disposal of discontinued operations		28,311,547			1,054,155
Less: net income (loss) attributable to non-controlling interests		1,866,066			(223,815	)
INCOME FROM DISCONTINUED OPERATIONS	$	26,326,189		$	783,133

The major components of assets and liabilities related to discontinued operations are summarized below:

	December 31, 2025		December 31, 2024
Cash and cash equivalents	$	-	$	77,630
Other receivables, net		-		613,922
Advances to suppliers and other current assets, net		-		540,582
Loan receivables				6,955,651
Property and equipment, net		-		2,360,961
Right of use assets - operating lease		-		154,810
Total assets related to discontinued operations	$	-	$	10,703,556
Accrued expenses and other payables	$	-	$	9,486,695
Amount due to related parties		-		29,036
Lease liability - operating lease		-		154,810
Total liabilities related to discontinued operations	$	-	$	9,670,541