XML 37 R26.htm IDEA: XBRL DOCUMENT v3.19.2
Long-Term Investments (Tables)
6 Months Ended
Jun. 30, 2019
Schedule of ownership percentages of investee
   Ownership percentage    
   June 30,   December 31,   Accounting
Name of related party  2019   2018   treatments
Braingenesis Biotechnology Co., Ltd., a Taiwan company   0.17%   0.17%  Cost Method
Genepharm Biotech Corporation, a Taiwan company   0.72%   0.72%  Cost Method
BioHopeKing Corporation, a Taiwan company   7.13%   7.13%  Cost Method
BioFirst Corporation, a Taiwan company   15.88%   15.84%  Equity Method
Rgene Corporation, a Taiwan company   31.62%   31.62%  Equity Method
Schedule of extent the investee relies
Name of related party   The extent the investee relies on the Company for its business
     
Braingenesis Biotechnology Co., Ltd.   No specific business relationship
     
Genepharm Biotech Corporation   No specific business relationship
     
BioHopeKing Corporation   Collaborating with the Company to develop and commercialize drugs
     
BioFirst Corporation   Loaned from the investee and provides research and development support service
     
Rgene Corporation   Collaborating with the Company to develop and commercialize drugs
Schedule of long-term investment
  

June 30,

2019

  

December 31,

2018

 
Non-marketable Cost Method Investments, net    (Unaudited)      
Braingenesis Biotechnology Co., Ltd.  $7,103   $7,213 
Genepharm Biotech Corporation   21,685    22,021 
BioHopeKing Corporation   1,926,513    1,956,429 
Sub total   1,955,301    1,985,663 
Equity Method Investments, net          
BioFirst Corporation   1,380,162    1,502,506 
Rgene Corporation   -    - 
Total  $3,335,463   $3,488,169 
Schedule of equity investments
   Six Months Ended June 30, 
   2019   2018 
   (Unaudited) 
Share of equity method investee losses  $(117,424)  $(125,483)
Impairments   -    - 
Total losses on equity investments  $(117,424)  $(125,483)
BioFirst [Member]  
Schedule of balance sheets
   June 30,
 2019
   December 31, 2018 
   (Unaudited)     
Current Assets  $4,058,357   $7,551,898 
Noncurrent Assets   4,510,526    1,608,460 
Current Liabilities   1,707,839    1,648,206 
Noncurrent Liabilities   21,563    - 
Stockholders' Equity   6,839,481    7,512,152 
Schedule of statements of operation
   Six Months Ended June 30, 
   2019   2018 
   (Unaudited) 
Net sales  $20,446   $21,629 
Gross profit   4,214    4,584 
Net loss   (543,582)   (582,718)
Share of losses from investments accounted for using the equity method   (117,424)   (125,483)
Rgene [Member]  
Schedule of balance sheets
  

June 30,

2019

  

December 31,

2018

 
   (Unaudited)     
Current Assets  $32,408   $98,168 
Noncurrent Assets   97,249    14,779 
Current Liabilities   319,009    261,685 
Noncurrent Liabilities   8,017    - 
Stockholders' Equity (Deficit)   (197,369)   (148,738)
Schedule of statements of operation
   Six Months Ended June 30, 
   2019   2018 
   (Unaudited) 
Net sales  $-   $- 
Gross profit   -    - 
Net loss   (49,896)   (138,888)
Share of loss from investments accounted for using the equity method   -    N/A