FORTUNE VALLEY TREASURES, INC.
Income Statement
| Line Item | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2015 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $88.7K | $238.8K | $495.3K | $843.8K | $275.2K | $95.8K | $261.0K | $0 |
| Cost of Revenue | $2.3M | $4.6M | $3.7M | $1.7M | $216.2K | $46.5K | $134.7K | — |
| Gross Profit | $2.0M | $4.6M | $4.4M | $3.3M | $59.0K | $49.4K | $126.2K | — |
| Gross Margin | 2,234.1% | 1,943.1% | 880.6% | 394.9% | 21.4% | 51.5% | 48.4% | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $5.6M | $4.7M | $2.1M | $873.5K | $439.3K | $315.4K | $311.1K | $45.6K |
| Operating Income | $-4.2M | $-1.9M | $2.2M | $-3.2M | $-380.3K | $-266.1K | $-184.8K | — |
| Operating Margin | -4,686.6% | -816.3% | 439.5% | -373.9% | -138.2% | -277.6% | -70.8% | — |
| Interest Expense | $38.4K | $31.4K | $17.8K | $14.3K | $11 | $699 | — | — |
| Pretax Income | $-4.2M | $-2.0M | $2.2M | $-3.3M | $-377.7K | $-265.2K | $-184.7K | — |
| Income Tax Expense | $96.4K | $186.5K | $248.8K | $306.9K | $-82 | $2.8K | $2.8K | — |
| Net Income | $-4.0M | $-1.9M | $1.8M | $-3.3M | $-377.8K | $-262.4K | $-187.5K | $-45.6K |
| Net Margin | -4,563.0% | -813.5% | 359.3% | -385.8% | -137.3% | -273.8% | -71.8% | — |
| EPS (Basic) | $-0.26 | $-0.12 | $0.11 | $-0.21 | $0.00 | $0.00 | $0.00 | $-0.01 |
| EPS (Diluted) | $-0.26 | $-0.12 | $0.11 | $-0.21 | $0.00 | $0.00 | $0.00 | $-0.01 |
| Shares Outstanding (Basic) | 15.7M | 15.7M | 15.7M | 15.7M | 307.8M | 307.8M | 307.8M | 7.8M |
| Shares Outstanding (Diluted) | 15.7M | 15.7M | 15.7M | 15.7M | 307.8M | 307.8M | 307.8M | 7.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |