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Document and Entity Information - shares
3 Months Ended
Dec. 31, 2016
Feb. 14, 2017
Document and Entity Information [Abstract]    
Entity Registrant Name American BriVision (Holding) Corp  
Entity Central Index Key 0001173313  
Trading Symbol mtoo  
Amendment Description

Explanatory Note

 

American BriVision (Holding) Corporation (together with its subsidiary, the “Company” sometimes referred to as “we”, “us” or “our”) is filing this Amendment No. 1 (this “Amendment No.1” or “Form 10-Q/A”) to its Quarterly Report on Form 10-Q for the period ended December 31, 2016, originally filed on February 21, 2017, (the “Original Form 10-Q”) to reflect the restatement of its consolidated financial statements for the period ended December 31, 2016, and related disclosures described below. The restatement of the Original Form 10-Q reflected in this Amendment corrects the carryover typographical errors principally related to additional paid-in capital, accumulated deficit as of December 31, 2016 and disclosure of earning per shares for the three-months ended December 31, 2016 and 2015. There is no impact or changes to the consolidated statement of operations and cash flow for the three months ended December 31, 2016 and 2015; and to the total assets, total liability and total stockholders’ equity as of December 31, 2016 and September 30, 2016. For details of the changes, please refer to Note 2 of the consolidated financial statements.

 

No other sections were affected, but for the convenience of the reader, this report on Form 10-Q/A Amendment No.1 restates in its entirety, as amended, our Original Form 10-Q.

 

This report on Form 10- Q/A Amendment No.1 is presented as of the filing date of the Original Form 10-Q and does not reflect events occurring subsequent to the date of filing of the Original Form 10-Q.

 

Background of Restatements in Amendment No.1

 

The additional paid-in capital and accumulated deficit as of December 31, 2016 was erroneously stated as $4,733,401 and $(11,463,678), respectively on the Original Form 10-Q. The Company restated the additional paid-in capital and accumulated deficit as of December 31, 2016 as $4,733,461 and $(11,463,738), respectively. The typographical error caused $60 difference in both accounts. There is no impact on the ending balance of the total stockholders’ equity as of December 31, 2016.

 

On the Notes 8 to Consolidated Financial Statements of the Original Form 10-Q, the net loss and weight-average shares outstanding basic and diluted included in the disclosure of the earning per share for the three-months ended December 31, 2016 was erroneously reflected as (11,065,935) and 193,981,153, respectively. The earning-per-share on the Original Form 10-Q for the three-months ended December 31, 2016 was (0.06). The Company corrected the net loss and weight-average shares outstanding basic and diluted included in the disclosure of the earning per share for the three-months ended December 31, 2016 to (140,337) and 210,821,647, respectively in order to align with the net loss and weight-average shares outstanding basic and diluted as reflected on the accompanying unaudited Condensed Consolidated Statements of Operations for the three months ended December 31, 2016. The corrected earning per share was $0.00. The overall impact in the earning-per-share for the three months ended December 31, 2016 is $0.06.

 

On the Notes 8 to Consolidated Financial Statements of the Original Form 10-Q, the net loss and weight-average shares outstanding basic and diluted included in the disclosure of the earning per share for the three-months ended December 31, 2015 was erroneously reflected as (317,015) and 160,823,831, respectively. The earning-per-share on the Original Form 10-Q for the three-months ended December 31, 2015 was (0.00). The Company corrected the net loss and weight-average shares outstanding basic and diluted included in the disclosure of the earning per share for the three-months ended December 31, 2015 to (3,501,413) and 163,881,199, respectively in order to align with the net loss and weight-average shares outstanding basic and diluted as reflected on the accompanying unaudited Condensed Consolidated Statements of Operations for the Three Months Ended December 31, 2015. The corrected earning per share was $(0.02). The overall impact in the earning-per-share for the three months ended December 31, 2015 is $(0.02)

 

Items Amended by the Amendment No.1

 

This Amendment reflects the results of the work described above and includes the restatement of our consolidated financial statements for the period ended December 31, 2016. For the convenience of the reader, this Amendment sets forth the Original Form 10-Q, as modified and superseded where necessary to reflect the restatement and other related adjustments, internal control matters, and as otherwise specifically indicated. Specifically, the following items included in the Original Form 10-Q are amended by this Amendment:

 

- Part I, Item 1, Financial Statements

 

- Part I, Item 2, Management’s Discussion and Analysis of Financial Condition and Results of Operation

 
Amendment Flag true  
Current Fiscal Year End Date --09-30  
Document Type 10-Q  
Document Period End Date Dec. 31, 2016  
Document Fiscal Year Focus 2017  
Document Fiscal Period Focus Q1  
Entity Filer Category Smaller Reporting Company  
Entity Common Stock, Shares Outstanding   210,821,647