FTFT on Nasdaq

Future FinTech Group Inc.

Future FinTech Group Inc. is an American business services company based in New York, incorporated in Florida.1 Its shares trade on Nasdaq under the symbol FTFT.1

Price unavailable

Last updated Oct 20, 2026.

Overview

Compare with Ucommune International Ltd, Frequency Holdings, Inc or TEN Holdings, Inc., or pick any stock.

  • TickerFTFT on Nasdaq1
  • IndustryServices-Business Services, NEC1
  • HeadquartersNew York, New York1
  • Incorporated inFL2
  • Business addressAmericas Tower, 1177 Avenue Of The Ameri, Suite 5100, New York, Ny 100362
  • Filer categoryNon-accelerated filer, Smaller reporting company2
  • Legal formCorporation

Upon completion of the Disposition, the Subsidiary ceased to be a subsidiary of the Company.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

10.7%Gross margin5
-888.0%Operating margin5
-120.6%Net margin5
81.1%Revenue growth, 20255
-10.5%Return on equity5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Sales Of Fastmoving Consumer Goods brought in 85% of the revenue Future FinTech Group Inc. broke down this way in fiscal 2025.

  1. Sales Of Fastmoving Consumer Goods$3.3M585%up 12665% from 2024
  2. Provision Of Trading Commission And Consulting Service$568.6K515%down 50% from 2024
  3. Sales Of Coal Aluminum Ingots Sand And Steel$1.3K50%down 100% from 2024
Products and services by year
Products and services20242025
Sales Of Fastmoving Consumer Goods$25.5K$3.3M
Provision Of Trading Commission And Consulting Service$1.1M$568.6K
Sales Of Coal Aluminum Ingots Sand And Steel$957.7K$1.3K

Business segments

Fast Moving Consumer Goods brought in 85% of the revenue Future FinTech Group Inc. broke down this way in fiscal 2025.

  1. Fast Moving Consumer Goods$3.3M585%up 12665% from 2024
  2. Trading Commission And Consulting Service$568.6K515%down 50% from 2024
  3. Supply Chain Financing Trading$1.3K50%down 100% from 2024
Business segments by year
Business segments20242025
Fast Moving Consumer Goods$25.5K$3.3M
Trading Commission And Consulting Service$1.1M$568.6K
Supply Chain Financing Trading$957.7K$1.3K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue89¢$3.4M
  • Other costs11¢$408.3K

Out of $3.8M in revenue.5 The company lost money this year.

Financial statements

Revenue6789105$3.8M in 2025+307% since 2019
0$10.0M$20.0M$30.0M2019: $941.1K$941.1K20192020: $368.7K$368.7K2020−61%2021: $25.1M$25.1M2021+6694%2022: $23.9M$23.9M2022−5%2023: $21.7M$21.7M2023−9%2024: $2.1M$2.1M2024−90%2025: $3.8M$3.8M2025+81%
Gross profit6789105$408.3K in 2025−9% since 2019
0$2.0M$4.0M$6.0M2019: $450.0K$450.0K20192020: $333.7K$333.7K2020−26%2021: $1.8M$1.8M2021+440%2022: $5.4M$5.4M2022+199%2023: $1.1M$1.1M2023−79%2024: $1.2M$1.2M2024+10%2025: $408.3K$408.3K2025−67%
Operating income6789105-$34.0M in 2025+348% since 2019
-$40.0M-$30.0M-$20.0M-$10.0M02019: -$7.6M-$7.6M20192020: -$15.0M-$15.0M2020+98%2021: -$13.2M-$13.2M2021−12%2022: -$16.8M-$16.8M2022+27%2023: -$23.6M-$23.6M2023+40%2024: -$32.9M-$32.9M2024+39%2025: -$34.0M-$34.0M2025+3%
Net income679105-$4.6M in 2025−83% since 2019
-$100.0M-$50.0M0$50.0M2019: -$27.1M-$27.1M20192020: -$88.9M-$88.9M2020+228%2021: $14.2M$14.2M20212022: -$13.6M-$13.6M20222023: -$33.7M-$33.7M2023+147%2024: -$33.0M-$33.0M2024−2%2025: -$4.6M-$4.6M2025−86%

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
Revenue$3.8M$2.1M
Cost$3.4M$876.5K
Gross profit$408.3K$1.2M
General and administrative expenses$4.3M$4.7M
Stock-based compensation$1.1M$671.0K
Selling expenses$848.3K$635.9K
Allowance for credit losses/doubtful accounts$28.1M$28.1M
Total operating expenses$34.4M$34.1M
Loss from operations-$34.0M-$32.9M
Interest income$61.8K$691.3K
Interest expenses-$128.2K-$107.7K
Amortization of debt issuance costs-$20.5K
Gain on Debt Restructuring$3.0M
Other income (expenses), net$167.8K-$1.4M
Total other income (expenses), net$3.1M-$853.4K
Loss from Continuing Operations before Income Tax-$30.9M-$33.7M
Loss from discontinued operations-$119.3K-$494.8K
Gain on disposal of discontinued operations$28.3M$1.1M
NET LOSS-$2.8M-$33.2M
Net loss attributable to Future Fintech Group, Inc.-$4.6M-$33.0M
Loss from continuing operations-$30.9M-$33.7M
Foreign currency translation - Continuing Operations$563.6K-$192.4K
Comprehensive Loss - Continuing Operations-$30.4M-$33.9M
Income from discontinued operations$28.2M$559.3K
Foreign currency translation - Discontinued Operations-$187.2K$152.9K
Comprehensive Income - Discontinued Operations$28.0M$712.2K
Comprehensive Loss-$2.4M-$33.2M
Less: Comprehensive income (loss) attributable to non-controlling interests of discontinued operations$1.9M-$223.8K
COMPREHENSIVE LOSS ATTRIBUTABLE TO FUTURE FINTECH GROUP, INC.-$4.2M-$33.0M
Basic earnings per share from continuing operation (in Dollars per share)-$16-$64
Basic earnings per share from discontinued operation (in Dollars per share)$13$2
Earnings (loss) per share (in Dollars per share)-$2.31-$62.99
Diluted earnings per share from continuing operation (in Dollars per share)-$16-$64
Diluted earnings per share from discontinued operation (in Dollars per share)$13$1
Diluted Earnings (loss) per share (in Dollars per share)-$2.31-$63.00
Basic (in Shares)2.0M shares523.2K shares
Diluted (in Shares)2.0M shares524.3K shares

Compare Future FinTech Group Inc. with another company

Corporate structure

Future FinTech Group Inc. sits at the top of its group. 4 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Future FinTech Group Inc.

  • Shanchun Huang Filed SCHEDULE 13D/A on Future FinTech Group Inc., latest Sep 16, 2026 (2 filings since Sep 23, 2025)
  • Avondale Capital, LLC Filed SCHEDULE 13G on Future FinTech Group Inc., latest Dec 15, 2025 (2 filings since Sep 24, 2025)
  • Jian Ke Filed SCHEDULE 13G/A on Future FinTech Group Inc., latest Sep 19, 2025 (3 filings since Jul 22, 2025)
  • Zeyao Xue Filed SC 13D on Future FinTech Group Inc., latest Feb 22, 2024
  • Future FinTech Group Inc. New York, New York
    • FTFT International Securities and Futures Limited Subsidiary · Hong Kong
    • Future Fintech (Hong Kong) Limited Subsidiary · Hong Kong
    • Future Wealth Limited (BVI) Subsidiary · British Virgin Islands

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Future FinTech Group Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Construction in progress$2.2M10 Dec 31, 2024$2.3M10 Dec 31, 2023−1.5%
Property and equipment, before depreciation$508.3K5 Dec 31, 2025$498.1K5 Dec 31, 2024+2.1%
Accumulated depreciation$357.3K5 Dec 31, 2025$258.8K5 Dec 31, 2024+38.1%
Property and equipment, net$149.9K5 Dec 31, 2025$238.2K5 Dec 31, 2024−37.1%
Operating-lease assets (leased space)$203.8K5 Dec 31, 2025$369.0K5 Dec 31, 2024−44.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$2.4M5 Dec 31, 2025$4.8M5 Dec 31, 2024−49.7%
Marketable securities, current$1.4K5 Dec 31, 2025$1.4K5 Dec 31, 2024+2.3%
Long-term investments$711.4K5 Dec 31, 2025$1.5M5 Dec 31, 2024−53.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$475.5K5 Dec 31, 2025$532.8K5 Dec 31, 2024−10.8%
Finite-lived intangibles, gross$756.5K5 Dec 31, 2025$757.0K5 Dec 31, 2024−0.1%
Accumulated amortization$281.0K5 Dec 31, 2025$224.1K5 Dec 31, 2024+25.4%
Finite-lived intangibles, net$347.0K5 Dec 31, 2025$404.9K10 Dec 31, 2024−14.3%

Properties, in its own words

We have closed Our principal executive office located at Americas Tower, 1177 Avenue of The Americas, Suite 5100, New York, NY 10036 since December 31, 2025. We also lease offices at Room 603A, Tower A, Oriental Media Center, No.4, Guanghua Rd, Chaoyang District, Beijing, China for a term from September 26, 2024 to September 25, 2026; FTFT International Securities and Futures Limited leases an office at 02B-03A Floor 23, Sino Plaza, 255-257 Gloucester Road, Causeway Bay, Hong Kong from May 7, 2024 to May 6, 2027. Our Xi’an office is at 12 floor, Hang Tou Cai Fu Building, Hang Tian Zhong Road, Changan District, Xi’an, China from January 1, 2025 to December 31, 2026.

Item 2 of the 10-K filed Mar 18, 2026.4

Leadership

Who has led Future FinTech Group Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (10)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • COOLei Peng named Jan 8, 202429
  • CFOYi Min named Jan 8, 202429
  • DirectorLau Johnson named Jan 8, 202429
  • Chairman of the BoardLi Fuyou named Jan 8, 202429
  • DirectorLi Ying named Jan 8, 202429
  • DirectorZhao Mingjie named Jan 8, 202429

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • FTFT International Securities and Futures Limited Hong Kong3
  • Future Fintech (Hong Kong) Limited Hong Kong3
  • Future Wealth Limited (BVI) British Virgin Islands3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • SkyPeople Fruit Juice, IncJun 16, 2008 to May 26, 20172
  • ENTECH ENVIRONMENTAL TECHNOLOGIES INCMar 29, 2004 to Jun 5, 20082
  • CYBER PUBLIC RELATIONS INCJan 23, 2001 to Mar 5, 20042

Timeline

  1. Aug 26, 20268-K Change to shareholders' rights; Bylaws or fiscal year changed; Regulation FD disclosure30
  2. Aug 4, 20268-K Entered a material agreement; Unregistered sale of shares31
  3. Jul 9, 20268-K Change of auditor32
  4. Jul 8, 20268-K Change to shareholders' rights; Bylaws or fiscal year changed; Regulation FD disclosure33
  5. Jun 15, 20268-K Entered a material agreement; Unregistered sale of shares34
  6. May 26, 20268-K Entered a material agreement35
  7. Jan 14, 20268-K Change to shareholders' rights; Bylaws or fiscal year changed36
  8. Dec 17, 20258-K Shareholder vote37
  9. Dec 17, 20258-K Completed an acquisition or sale38
  10. Sep 26, 20258-K Entered a material agreement; Unregistered sale of shares39
  11. Sep 22, 20258-K Unregistered sale of shares; Change in control40
  12. Sep 5, 20258-K Bylaws or fiscal year changed; Shareholder vote41
  13. Aug 14, 2024New chief executive Hu Li becomes CEO14
  14. Mar 12, 2021New chief executive Shanchun Huang becomes CEO15

Calendar

Coming up

  1. Nov 13, 2026Reports results for the quarter ending Sep/202642

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

143 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 53 major events, 14 insider forms, 8 large holders, 1 private raises, 46 other. The latest 20:

  1. Oct 8, 2026PRE 14A PRELIMINARY PROXY STATEMENT EDGAR
  2. Sep 16, 2026SCHEDULE 13D/A EDGAR
  3. Aug 26, 20268-K CURRENT REPORT EDGAR
  4. Aug 14, 202610-Q QUARTERLY REPORT EDGAR
  5. Aug 4, 20268-K CURRENT REPORT EDGAR
  6. Jul 9, 20268-K CURRENT REPORT EDGAR
  7. Jul 8, 20268-K CURRENT REPORT EDGAR
  8. Jul 6, 20264 EDGAR
  9. Jun 22, 20264 EDGAR
  10. Jun 15, 20268-K CURRENT REPORT EDGAR
  11. May 29, 2026S-8 REGISTRATION STATEMENT EDGAR
  12. May 26, 20268-K CURRENT REPORT EDGAR
  13. May 15, 202610-Q QUARTERLY REPORT EDGAR
  14. Mar 18, 202610-K ANNUAL REPORT EDGAR
  15. Jan 14, 20268-K CURRENT REPORT EDGAR
  16. Dec 17, 20258-K CURRENT REPORT EDGAR
  17. Dec 17, 20258-K CURRENT REPORT EDGAR
  18. Dec 15, 2025SCHEDULE 13G EDGAR
  19. Nov 28, 2025424B3 PROSPECTUS EDGAR
  20. Nov 26, 2025EFFECT EDGAR

The 143 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • Shanchun HuangSCHEDULE 13D/A, 2 filings Sep 23, 2025 to Sep 16, 202643
  • Avondale Capital, LLCSCHEDULE 13G, 2 filings Sep 24, 2025 to Dec 15, 202544
  • Jian KeSCHEDULE 13G/A, 3 filings Jul 22, 2025 to Sep 19, 202545
  • Zeyao XueSC 13D, 1 filing Feb 22, 202446

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Dec 27, 2023Raised $1.1 million in a private offering of debt Form D: 1 investor so far Form D

SEC filer profile

How Future FinTech Group Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFuture FinTech Group Inc.1
  • CIK0001066923
  • Employer ID (EIN)98-02220134
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inFlorida4
  • Fiscal year endsDecember 311
  • Industry code (SIC)7389 Services-Business Services, NEC1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business addressAmericas Tower, 1177 Avenue Of The Ameri, Suite 5100, New York, NY 100361
  • Phone888-622-12181
  • Shares outstanding32,246,443 as of Aug 13, 202612
  • Public float$13.0M as of Jun 30, 20254
  • AuditorFortune CPA, Inc, Garden Grove, CA PCAOB ID 6901; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceJan 23, 20011
  • Filings760 in all: 8-K (251), 10-Q (56), CORRESP (48), UPLOAD (38), 4 (36), NT 10-Q (30), 3 (26), 10QSB (21)1
    All 62 form types

    DEF 14A (20), 10-K (18), 8-K/A (18), NT 10-K (16), DEFA14A (11), PRER14A (10), S-1/A (10), SC 13D/A (10), EFFECT (9), S-8 (8), 10KSB (7), 424B5 (7), 5 (7), SC 13G (7), 424B3 (6), S-3/A (6), SC 13D (6), SC 13G/A (6), 10-K/A (5), 10QSB/A (5), ARS (5), S-1 (5), DEF 14C (4), PRE 14C (4), D (3), PRE 14A (3), S-3 (3), SCHEDULE 13G (3), 10-Q/A (2), 4/A (2), 8-A12B (2), AW (2), POS AM (2), SCHEDULE 13G/A (2), 10SB12G (1), 10SB12G/A (1), 25 (1), 424B1 (1), AW WD (1), CERTNAS (1), CERTNYS (1), CT ORDER (1), DEFM14A (1), DEFR14A (1), PREM14A (1), PRER14C (1), REGDEX (1), RW (1), SB-2 (1), SB-2/A (1), SC 14F1 (1), SCHEDULE 13D (1), SCHEDULE 13D/A (1), SEC STAFF ACTION (1)

  • Latest filingsAnnual report (10-K) Mar 18, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Proxy statement (DEF 14A) Oct 20, 2025
    Latest 8-K (8-K) Aug 26, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.001 par valueFTFTNasdaq

From the cover page of the 10-K filed Mar 18, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Future FinTech Group Inc. names in Item 1A of its 10-K filed Mar 18, 2026: 34 risks under these headings, as written.4

  • Risks Related to Our Business
  • We are involved, and may become involved in the future, in disputes and legal or regulatory proceedings that, could materially and adversely affect our business, financial condition and results of operations and cause the value of our securities to significantly decline or be worthless.
  • Economic conditions have had and may continue to have an adverse effect on our customers’ spending on our products and services.
  • The supply chain financing service industry is an emerging and rapidly evolving industry in China and we might not achieve the development as we expected.
  • The supply chain financing service industry is increasingly competitive in China. If we fail to compete effectively, we may lose our customers and partners, which could materially and adversely affect our business, financial condition and results of operations.
  • Our supply chain finance business faces risks in receivables, timely supplies, credit evaluation and commodity price fluctuations all of which could materially and adversely affect our business, financial condition and results of operations.
  • The brokerage and investment banking service industry are intensely competitive in Hong Kong. If we are unable to compete effectively, we may lose business and our results of operations and financial condition may be materially and adversely affected.
  • Our listing readiness and preparatory consulting services business is in an early stage and is subject to regulatory interpretation and execution risks, and our ability to develop this business may be affected by regulatory developments and market conditions.
  • We may engage in future acquisitions involving significant expenditures of cash, the incurrence of debt or the issuance of stock, all of which could have a materially adverse effect on our operating results.
  • We may not be able to prevent others from unauthorized use of our intellectual property, which could harm our business and competitive position.
  • Intellectual property infringement claims may adversely impact our results of operations.
  • Our business depends on internet, our websites, network infrastructure and processing systems.
The other 23 risks
  • We are subject to cyber security risks and may incur increasing costs in an effort to minimize those risks and to respond to cyber incidents.
  • As a public company, we are obligated to maintain effective internal controls over financial reporting. Our internal controls may be determined not to be effective, which may adversely affect investor confidence in us and, as a result, decrease the value of our Common Stock.
  • We may need additional capital to fund our future operations and, if it is not available when needed, we may need to reduce our planned development and marketing efforts, which may reduce our sales revenue.
  • If our costs and demands upon management increase disproportionately to the growth of our business and revenue as a result of complying with the laws and regulations affecting public companies, our operating results could be harmed.
  • There are inherent uncertainties involved in estimates, judgments and assumptions used in the preparation of financial statements in accordance with generally accepted accounting principles in the United States, or U.S. GAAP. Any changes in estimates, judgments and assumptions could have a material adverse effect on our business, financial condition and operating results.
  • Risks Related to Doing Business in the PRC
  • Changes in China’s economic, political or social conditions or government policies could have a material adverse effect on our business and results of operations.
  • If we become subject to additional scrutiny, criticism and negative publicity involving U.S.-listed China-based companies, we may have to expend significant resources to investigate and resolve the matter which could harm our business operations, any offering and our reputation and could result in a loss of your investment in our shares, especially if such matter cannot be addressed and resolved favorably.
  • Uncertainties and quick change in the interpretation and enforcement of Chinese laws and regulations with little advance notice could result in a material and negative impact our business operations, decrease the value of our shares of common stock and limit the legal protections available to us.
  • The Chinese government exerts substantial influence over the manner in which we must conduct our business as well as more oversight and control over offerings that are conducted overseas and/or foreign investment in China-based issuers, and may intervene or influence our operations at any time, which could result in a material change in our operations, and significantly limit or completely hinder our ability to offer or continue to offer securities to investors and, and cause the value of our shares of common stock to significantly decline or be worthless.
  • There are uncertainties under the PRC Securities Law relating to the procedures and requisite timing for the U.S. securities regulatory agencies to conduct investigations and collect evidence within the territory of the PRC.
  • Under the PRC Enterprise Income Tax Law, we may be classified as a PRC “resident enterprise” for PRC enterprise income tax purposes. Such classification would likely result in unfavorable tax consequences to us and our non-PRC shareholders and have a material adverse effect on our results of operations and the value of your investment.
  • We could be restricted from paying dividends to shareholders due to PRC laws and other contractual requirements. To the extent cash and/or assets in the business are in the PRC and/or Hong Kong or our PRC and/or Hong Kong entities, such funds and/or assets may not be available to fund operations or for other use outside of the PRC and/or Hong Kong due to interventions in or the imposition of restrictions and limitations on the ability of us or our subsidiaries by the PRC government to transfer cash and/or assets.
  • Governmental control of currency conversion may affect the value of shareholder investments.
  • The fluctuation of the RMB may harm shareholder investments.
  • PRC regulations relating to offshore investment activities by PRC residents may limit our PRC subsidiary’s ability to increase its registered capital or distribute profits to us or otherwise expose us or our PRC resident beneficial owners to liability and penalties under PRC law.
  • Any failure to comply with PRC regulations regarding the registration requirements for employee stock incentive plans may subject the PRC plan participants or us to fines and other legal or administrative sanctions.
  • Because our principal assets are located outside of the United States, it may be difficult for investors to use U.S. securities laws to enforce their rights against us, our officers and directors in the United States or to enforce judgments of United States courts against us or them in the PRC.
  • The filing with the China Securities Regulatory Commission (“CSRC”) is required in connection with any offering under New Overseas Listing Rules, and we cannot assure you that we will be able to timely make such filing, in which case we may face sanctions by the CSRC or other PRC regulatory agencies for failure to timely file with the CSRC for this offering.
  • Risks Related to Our Common Stock
  • We are authorized to issue blank check preferred stock, which may be issued without shareholder approval and which may adversely affect the rights of holders of our Common Stock.
  • Shanchun Huang has control over key decision making as a result of his control of a substantial amount of our voting stock.
  • Anti-takeover provisions in our charter documents and under Florida law could discourage, delay or prevent a change in control of our Company and may affect the trading price of our Common Stock.
  • In recent years, our Common Stock has been in danger of being delisted from the NASDAQ Stock Market (“NASDAQ”).
  • We have implemented a reverse stock split to address Nasdaq minimum bid price requirements, and there can be no assurance that our common stock will maintain compliance with Nasdaq listing standards.

Legal proceedings

Legal case with FT Global Capital, Inc.

In January 2021, FT Global Capital, Inc., a former placement agent of the Company, filed a lawsuit against the Company in the Superior Court of Fulton County, Georgia, and served the complaint that same month. The Company has previously reported developments related to this matter in its filings with the Securities EC, including without limitation, its Annual Report on Form 10-K for the fiscal year ended December 31, 2021, Form 10-K for the fiscal year ended December 31, 2022, Form 10-K for the fiscal year ended December 31, 2023, Form 10-K for the fiscal year ended December 31, 2024, Quarterly Report on Form 10-Q for the fiscal quarter ended on March 31, 2025.

On June 17, 2025, the Company entered into a Settlement and Forbearance Agreement with FT Global to resolve four federal court judgments totaling approximately $4.0 million in cash. In addition, the Company agreed to issue 340,000 shares of its common stock to FT Global and 60,000 shares to its legal counsel, and to issue rights entitling FT Global to receive up to 1.3 million additional shares of common stock, with 650,000 eligible no earlier than six months after signing (Series A Right) and 650,000 eligible no earlier than twelve months after signing (Series B Right). The Company has issued 400,000 shares of common stock in accordance with the foregoing. Under the agreement, FT Global agreed to suspend enforcement actions in exchange for a structured cash settlement and the issuance of shares.

The Company’s obligations include instalment payments over 18 months and the issuance of shares pursuant to a court order under Section 3(a)(10) of the Securities Act. The agreement also includes mutual releases and requires the Company to remain current in its SEC filings and maintain its listing on a national securities exchange. Additional details are included in the Company’s Current Report on Form 8-K filed on June 20, 2025.

The opening of Item 3, Legal Proceedings.4

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46