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Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]            
Net revenues (including $79,137 and $106,378 from related parties for the three months ended September 30, 2022 and 2021, respectively; $120,632 and $495,062 from related parties for the nine months ended September 30, 2022 and 2021, respectively) $ 2,915,303 $ 2,005,390 $ 6,513,572 $ 5,474,894 $ 8,021,823 $ 5,005,694
Cost of revenues (including $377,283 and $238,524 from related parties for the three months ended September 30, 2022 and 2021, respectively; $763,663 and $508,867 from related parties for the nine months ended September 30, 2022 and 2021, respectively) 1,400,522 875,418 3,018,507 2,402,685 3,659,805 1,673,367
Gross profit 1,514,781 1,129,972 3,495,065 3,072,209 4,362,018 3,332,327
Other operating income         35,164
Operating expenses:            
Selling and distribution expenses 15,509 21,964 49,593 69,122 89,416 23,191
General and administrative expenses 472,131 499,928 1,347,074 1,431,377 2,095,488 873,505
Other operating expenses         30,812
Impairment loss on goodwill         5,594,692
Operating income 1,027,141 608,080 2,098,398 1,571,710 2,177,114 (3,154,709)
Other income (expense):            
Other income 2,221 2,309 10,423 2,595 52,025 26,878
Loss from conversion of related party loan         (199,030)
Interest income 114 203 207 851 983 761
Interest expense (10,388) (4,327) (21,077) (13,814) (17,816) (14,325)
Other expense, net (8,053) (1,815) (10,447) (10,368) 35,192 (185,716)
Income before income tax 1,019,088 606,265 2,087,951 1,561,342 2,212,306 (3,340,425)
Income tax expense 108,353 156,402 212,274 319,024 248,837 306,928
Net income 910,735 449,863 1,875,677 1,242,318 1,963,469 (3,647,353)
Less: Net income attributable to noncontrolling interests 54,931 59,875 123,464 132,601 183,733 (391,789)
Net income attributable to Fortune Valley Treasures, Inc. 855,804 389,988 1,752,213 1,109,717 1,779,736 (3,255,564)
Other comprehensive income (loss):            
Foreign currency translation income (loss) (719,949) 23,945 (1,311,550) 105,316 269,234 321,337
Total comprehensive income 190,786 473,808 564,127 1,347,634 2,232,703 (3,326,016)
Less: comprehensive income attributable to noncontrolling interests 10,749 63,637 35,475 143,831 208,927 (353,118)
Comprehensive income attributable to Fortune Valley Treasures, Inc. $ 180,037 $ 410,171 $ 528,652 $ 1,203,803 $ 2,023,776 $ (2,972,898)
Earnings per share            
Basic and diluted earnings per share $ 0.05 [1] $ 0.02 [1] $ 0.11 [1] $ 0.07 [1] $ 0.11 [2] $ (0.21) [2]
Basic and diluted weighted average shares outstanding 15,655,038 [1] 15,655,038 [1] 15,655,038 [1] 15,655,038 [1] 15,655,038 [2] 15,390,620 [2]
[1] Given effect of the Reverse Stock Split, see Note 9
[2] Given effect of the Reverse Stock Split, see Note 12