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v3.19.1

Related Parties Transactions (Details Textual) - USD ($) |  |  | 1 Months Ended | 3 Months Ended | 12 Months Ended |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | ---
Apr. 12, 2017 | May 06, 2016 | Feb. 02, 2019 | Nov. 29, 2018 | Jun. 27, 2018 | Jan. 18, 2018 | Sep. 30, 2017 | Sep. 28, 2017 | Jul. 24, 2017 | Jan. 26, 2017 | Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | Aug. 25, 2018 | May 09, 2018 | Dec. 31, 2017
Related Parties Transactions (Textual) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amount received from BriVision |  |  |  |  |  |  |  |  |  |  | $ 7,594,784 |  | $ 7,745,096 |  |  | $ 4,229,320
Outstanding loan |  |  |  |  |  |  |  |  |  |  | 233,000 |  | 692,980 |  |  |
Accrued interest |  |  |  |  |  |  |  |  |  |  | 11,971 |  | 281 |  |  |
Interest expenses |  |  |  |  |  |  |  |  |  |  | 129,886 | $ 106,854 |  |  |  |
Common stock new issues |  |  |  |  |  |  |  |  |  |  | 694,219 | 80,000 |  |  |  |
Additional paid-in capital |  |  |  |  |  |  |  |  |  |  | 15,680,674 |  | 14,983,714 |  |  |
Related party transactions, description |  |  |  |  |  |  | Pursuant to the Investment and Equity Transfer Agreement, Everfront agreed to purchase 2,000,000 common shares of the Company owned by AsianGene at $1.60 per share in a total amount of $3,200,000, of which $160,000 is due before September 15, 2017 and the remaining amount of $3,040,000 is due before December 15, 2017. AsianGene also agreed to loan the proceeds to the Company for working capital purpose. |  |  |  |  |  |  |  |  |
Yuangene Corporation [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Parties Transactions (Textual) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Outstanding loan |  |  |  |  |  |  |  |  |  |  | $ 926,395 |  |  |  |  |
Related party transactions, description |  |  |  |  |  |  |  |  |  |  | The advances bear 0% interest rate and are due on demand. |  |  |  |  |
Unsecured convertible promissory note [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Parties Transactions (Textual) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accrued interest |  |  |  |  |  |  |  |  |  |  | $ 43,467 |  | 27,467 |  |  |
Aggregate principal amount |  |  |  |  | $ 250,000 |  |  |  |  |  |  |  |  | $ 250,000 | $ 300,000 |
Chairman [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Parties Transactions (Textual) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Outstanding loan |  |  |  |  |  |  |  |  |  |  | 157,140 |  |  |  |  |
Accrued interest |  |  |  |  |  |  |  |  |  |  | $ 10,454 |  |  |  |  |
Related party transactions, description |  |  |  |  |  |  |  |  |  |  | The advances bears interest at 1% per month (or equivalent to 12% per annum) and are due on demand. |  |  |  |  |
Collaborative Arrangement [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Parties Transactions (Textual) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amount received from BriVision |  |  |  |  |  |  |  |  |  |  | $ 100,000,000 |  |  |  |  |
Interest rate percentage |  |  |  |  |  |  |  |  |  |  | 0.00% |  |  |  |  |
Outstanding advance |  |  |  |  |  |  |  |  |  |  | $ 517,949 |  |  |  |  |
Common stock new issues |  | $ 900,000 |  |  |  |  |  |  | $ 3,000,000 |  |  |  |  |  |  |
Loan Agreement [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Parties Transactions (Textual) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total commitment |  |  | $ 693,000 |  |  |  |  |  |  | $ 950,000 |  |  |  |  |  |
Loan maturity date |  |  | Feb. 01, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |
Loan agreement, description |  |  |  |  |  |  |  | BioLite Taiwan and BioFirst entered into three loan agreements for a total amount of NTD$27,800,000, equivalent to $900,720, to meet its working capital needs. Under the terms of the loan agreements, the loans bear interest at 1% per month (or equivalent to 12% per annum). BioLite Taiwan repaid NTD$7,500,000, equivalent to $243,000, of the loan in 2018. The remaining balance was NTD$20,300,000, equivalent to $657,720 with the interest rate and term remain unchanged. The three loans will be matured on September 27, 2019, October 30, 2019, and November 12, 2019, respectively. |  | The loan agreement, the loan bears interest at 1% per month (or equivalent to 12% per annum) and the Company is required to pay interest monthly to the lender. |  |  |  |  |  |
Outstanding loan |  |  |  |  |  |  |  |  |  |  | 657,720 |  | 663,810 |  |  |
Accrued interest |  |  |  |  |  |  |  |  |  |  | 146,274 |  | 127,976 |  |  |
Interest expenses |  |  |  |  |  |  |  |  |  |  | 19,472 | 28,500 |  |  |  |
Loan Agreement [Member] | BriVision and BioFirst Agreement [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Parties Transactions (Textual) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expenses |  |  |  |  |  |  |  |  |  |  | 11,710 | 9,500 |  |  |  |
Asiangene Corporation [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Parties Transactions (Textual) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Outstanding loan |  |  |  |  |  |  |  |  |  |  | 160,000 |  | 160,000 |  |  |
Accrued interest |  |  |  |  |  |  |  |  |  |  | 17,600 |  | 12,866 |  |  |
Interest expenses |  |  |  |  |  |  |  |  |  |  | $ 4,734 | 3,945 |  |  |  |
Interest rate percentage |  |  |  |  |  |  |  |  |  |  | 0.00% |  |  |  |  |
Yuangene Corporation [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Parties Transactions (Textual) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Outstanding loan |  |  |  |  |  |  |  |  |  |  | $ 50,000 |  | 50,000 |  |  |
Accrued interest |  |  |  |  |  |  |  |  |  |  | 7,200 |  | 5,721 |  |  |
Interest expenses |  |  |  |  |  |  |  |  |  |  | 1,479 | 1,200 |  |  |  |
Aggregate working capital |  |  |  |  |  | $ 50,000 |  |  |  |  | $ 42,690 |  | $ 42,690 |  |  |
Interest rate percentage |  |  |  |  |  |  |  |  |  |  | 0.00% |  | 0.00% |  |  |
Related party transactions, description |  |  |  |  |  | Under the terms of the loan agreement, the loan bears interest at 1% per month (or equivalent to 12% per annum) and the Company is required to pay interest monthly to the lender. The maturity date of this loan is January 19, 2019. |  |  |  |  |  |  |  |  |  |
Keypoint Technology Ltd [Member] | Unsecured convertible promissory note [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Parties Transactions (Textual) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amount received from BriVision |  |  |  |  | $ 250,000 |  |  |  |  |  |  |  |  |  |  |
Interest expenses |  |  |  |  |  |  |  |  |  |  | $ 5,000 | 0 |  |  |  |
Interest rate percentage |  |  |  |  | 8.00% |  |  |  |  |  |  |  |  |  |  |
Yoshinobu Odaira [Member] | Unsecured convertible promissory note [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Parties Transactions (Textual) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amount received from BriVision |  |  |  | $ 250,000 |  |  |  |  |  |  |  |  |  |  |  |
Interest expenses |  |  |  |  |  |  |  |  |  |  | 5,000 | 0 |  |  |  |
Interest rate percentage |  |  |  | 8.00% |  |  |  |  |  |  |  |  |  |  |  |
Loan Agreement One [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Related Parties Transactions (Textual) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loan maturity date | May 11, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loan agreement, description | BioLite BVI and BioFirst entered into a loan agreement for NTD$30,000,000, equivalent to $972,000 to meet its working capital needs. Under the terms of the loan agreement, the loan bears interest at 1% per month (or equivalent to 12% per annum). BioLite BVI and BioFirst extended the loan with the same interest rate and amount for one year. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Outstanding loan |  |  |  |  |  |  |  |  |  |  | 972,000 |  | $ 981,000 |  |  |
Accrued interest |  |  |  |  |  |  |  |  |  |  | 250,771 |  | $ 222,000 |  |  |
Interest expenses |  |  |  |  |  |  |  |  |  |  | $ 28,771 | $ 29,978 |  |  |  |

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- Details
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