Amortization of Intangible Assets of Fortune Valley Treasures, Inc. from 31 Dec 2019 to 31 Mar 2024

Taxonomy & unit
us-gaap: USD
Description
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method.
Summary
Fortune Valley Treasures, Inc. quarterly and annual Amortization of Intangible Assets in USD history and change rate from 31 Dec 2019 to 31 Mar 2024.
  • Fortune Valley Treasures, Inc. Amortization of Intangible Assets for the quarter ending 31 Mar 2024 was $50,353, a 6.9% decline year-over-year.
  • Fortune Valley Treasures, Inc. annual Amortization of Intangible Assets for 2023 was $209,533, a 74% decline from 2022.
  • Fortune Valley Treasures, Inc. annual Amortization of Intangible Assets for 2022 was $806,539.
  • Fortune Valley Treasures, Inc. annual Amortization of Intangible Assets for 2020 was $260,205.
Source SEC data
View on sec.gov
Amortization of Intangible Assets, Quarterly (USD)
Amortization of Intangible Assets, YoY Quarterly Change (%)
Amortization of Intangible Assets, Annual (USD)
Amortization of Intangible Assets, YoY Annual Change (%)

Fortune Valley Treasures, Inc. Quarterly Amortization of Intangible Assets (USD)

Period TTM Value Value YoY Chg Change % Start Date End Date Report Filed Fiscal Year Fiscal Period
Q1 2024 $50,353 -$3,758 -6.9% 01 Jan 2024 31 Mar 2024 10-Q 20 May 2024 2024 Q1
Q1 2023 $54,111 01 Jan 2023 31 Mar 2023 10-Q 20 May 2024 2024 Q1
Q1 2021 $196,579 +$196,579 01 Jan 2021 31 Mar 2021 10-Q 14 May 2021 2021 Q1
Q1 2020 $0 01 Jan 2020 31 Mar 2020 10-Q 14 May 2021 2021 Q1

Fortune Valley Treasures, Inc. Annual Amortization of Intangible Assets (USD)

Period Value YoY Chg Change % Start Date End Date Report Filed Fiscal Year Fiscal Period
2023 $209,533 -$597,006 -74% 01 Jan 2023 31 Dec 2023 10-K 15 Apr 2024 2023 FY
2022 $806,539 01 Jan 2022 31 Dec 2022 10-K 15 Apr 2024 2023 FY
2020 $260,205 +$260,205 01 Jan 2020 31 Dec 2020 10-K 26 Apr 2021 2020 FY
2019 $0 01 Jan 2019 31 Dec 2019 10-K 26 Apr 2021 2020 FY
* An asterisk sign (*) next to the value indicates that the value is likely invalid.