$FTFT
SkyPeople Fruit Juice, Inc
CIK:0001066923|SEC Filings
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) |
6 Months Ended | |
|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Cash flows from operating activities: | ||
| Net loss | $ (3,204,956) | $ (855,502) |
| Net income from discontinued operations | 27,939,676 | |
| Net loss from continuing operations | (3,204,956) | (28,795,178) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation | 37,172 | 50,971 |
| Amortization of debt issuance costs | 35,100 | |
| Amortization | 66,861 | 14,259 |
| Allowance for (Net recovery of) credit losses/doubtful accounts | (138,456) | 28,254,490 |
| Share-based payments | 1,387,500 | 1,085,000 |
| Gain on debt restructuring | (3,071,827) | |
| Interest expenses related to convertible note | 87,549 | 13,651 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (81,295) | 445,361 |
| Other receivables | 403,023 | (27,951,895) |
| Advances to suppliers and other current assets | 149,975 | 34,083 |
| Operating lease assets and liabilities | (12,252) | (736) |
| Accounts payable | (958,806) | 2,282,066 |
| Accrued expenses and other payables | (807,276) | 8,097,469 |
| Advances from customers | (38,562) | (13,703) |
| Other non-current liabilities | (139,990) | 1,088,809 |
| Net cash used in operating activities from continuing operations | (3,214,413) | (18,467,180) |
| Net cash provided by operating activities from discontinued operations | 19,037,420 | |
| Cash flows from investing activities: | ||
| Debt investment | 236,638 | |
| Payment for short term Investments | (29,014) | |
| Redemption of short-term investments | 30,465 | |
| Repayment of loan receivable | 139,199 | |
| Net cash provided by investing activities from continuing operations | 1,451 | 375,837 |
| Net cash provided by investing activities from discontinued operations | ||
| Cash flows from financing activities: | ||
| Proceeds from convertible notes payable | 2,000,000 | |
| Payment made for amounts due from a related party | (1,688) | (4,322) |
| Repayment of amounts due to a related party | (96,626) | (8,871) |
| Net cash provided by (used in) financing activities from continuing operations | 1,901,686 | (13,193) |
| Net cash provided by financing activities from discontinued operations | ||
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 451,179 | 88,297 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (860,097) | 1,021,181 |
| Cash, cash equivalents and restricted cash at beginning of period | 5,077,164 | 4,765,111 |
| Cash, cash equivalents and restricted cash at end of period | 4,217,067 | 5,786,292 |
| Less: cash, cash equivalents and restricted cash from the discontinued operations, end of period | ||
| Cash, cash equivalents and restricted cash, from the continuing operations end of period | 4,217,067 | 5,786,292 |
| Noncash activity | ||
| Issuance of common stocks for conversion of debts | $ 825,000 | |
Condensed Consolidated Balance Sheets (Unaudited) - USD ($) |
Jun. 30, 2026 |
Dec. 31, 2025 |
||
|---|---|---|---|---|
| CURRENT ASSETS | ||||
| Cash and cash equivalents | $ 1,921,601 | $ 2,396,619 | ||
| Restricted cash | 2,295,466 | 2,680,545 | ||
| Short - term investments | 1,423 | |||
| Accounts receivable, net | 686,531 | 605,236 | ||
| Other receivables, net | 10,773,087 | 10,880,977 | ||
| Contract assets | 1,436 | 1,436 | ||
| Investment funds | 31,386,307 | 30,413,300 | ||
| Advances to suppliers and other current assets, net | 3,630,921 | 3,780,896 | ||
| TOTAL CURRENT ASSETS | 50,697,037 | 50,760,432 | ||
| NON-CURRENT ASSETS | ||||
| Property and equipment, net | 116,854 | 149,904 | ||
| Right of use assets - operating lease, net | 143,860 | 203,828 | ||
| Intangible assets, net | 407,712 | 475,466 | ||
| Debt investment | 734,117 | 711,359 | ||
| Long-term receivable, net | 841,849 | 986,345 | ||
| TOTAL NON-CURRENT ASSETS | 2,244,392 | 2,526,902 | ||
| TOTAL ASSETS | 52,941,429 | 53,287,334 | ||
| CURRENT LIABILITIES | ||||
| Accounts payable | 2,302,979 | 3,261,785 | ||
| Accrued expenses and other payables | 1,411,982 | 2,219,258 | ||
| Advances from customers | 184,910 | 223,472 | ||
| Convertible notes payable | 3,031,693 | 1,734,044 | ||
| Lease liability - current | 127,545 | 174,423 | ||
| TOTAL CURRENT LIABILITIES | 7,559,407 | 8,209,906 | ||
| NON-CURRENT LIABILITIES | ||||
| Other non-current liabilities | 948,819 | 1,088,809 | ||
| Lease liability-non-current | 5,587 | 30,929 | ||
| TOTAL NON-CURRENT LIABILITIES | 954,406 | 1,119,738 | ||
| TOTAL LIABILITIES | 8,513,813 | 9,329,644 | ||
| STOCKHOLDERS’ EQUITY | ||||
| Common stock, $0.001 par value; 37,500,000 shares authorized; 1,868,177 shares and 1,262,082 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively | [1] | 1,869 | 1,262 | |
| Additional paid-in capital | 273,260,564 | 271,048,671 | ||
| Statutory reserve | 98,357 | 98,357 | ||
| Accumulated deficits | (226,710,555) | (223,505,599) | ||
| Accumulated other comprehensive loss | (2,222,619) | (3,685,001) | ||
| TOTAL STOCKHOLDERS’ EQUITY | 44,427,616 | 43,957,690 | ||
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | 52,941,429 | 53,287,334 | ||
| Related Party | ||||
| CURRENT ASSETS | ||||
| Amount due from a related party | 1,688 | |||
| CURRENT LIABILITIES | ||||
| Amounts due to a related party | $ 500,298 | $ 596,924 | ||
| ||||