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Related Parties Transactions (Tables) | 9 Months Ended
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Sep. 30, 2019
Related Party Transactions [Abstract] |
Schedule of related party transactions |
Name of entity or Individual |  | Relationship with the Company and its subsidiaries
BioFirst Corporation (the “BioFirst”) |  | Entity controlled by controlling beneficiary shareholder of Yuangene
BioFirst (Australia) Pty Ltd. (the “BioFirst (Australia)”) |  | 100% owned by BioFirst; Entity controlled by controlling beneficiary shareholder of YuanGene
Rgene Corporation (the “Rgene”) |  | Shareholder of the Company; entity controlled by controlling beneficiary shareholder of Yuangene
Yuangene Corporation (the “Yuangene”) |  | Controlling beneficiary shareholder of the Company
AsiaGene Corporation (the “AsiaGene”) |  | Shareholder; entity controlled by controlling beneficiary shareholder of Yuangene
Eugene Jiang |  | Former President and Chairman
Keypoint Technology Ltd. (the “Keypoint’) |  | The Chairman of Keypoint is Eugene Jiang’s mother.
Lion Arts Promotion Inc. (the “Lion Arts”) |  | Shareholder of the Company
Yoshinobu Odaira (the “Odaira”) |  | Director of the Company
GenePharm Inc. (the “GenePharm”) |  | Mr. George Lee, the Director and Chairman of Biokey, is the Chairman of GenePharm.
Euro-Asia Investment & Finance Corp Ltd. (the “Euro-Asia”) |  | Shareholder of the Company
LBG USA, Inc. (the “LBG USA”) |  | 100% owned by BioFirst; Entity controlled by controlling beneficiary shareholder of YuanGene
LionGene Corporation (the “LionGene”) |  | Shareholder of the Company; Entity controlled by controlling beneficiary shareholder of YuanGene
Kimho Consultants Co., Ltd. (the “Kimho”) |  | Shareholder of the Company
Mr. Tsung-Shann Jiang, Ms. Shu-Ling Jiang, Mr. Chang-Jen Jiang, Ms. Mei-Ling Jiang, and Mr. Eugene Jiang (collectively the “Jiangs”) |  | Mr. Tsung-Shann Jiang, the controlling beneficiary shareholder of the Company and Rgene, the Chairman and CEO of the BioLite Holding Inc. and BioLite Inc. and the President and a member of board of directors of BioFirst. Ms. Shu-Ling Jiang, Mr. Tsung-Shann Jiang’s wife, is the Chairman of Keypoint, LION, and BioFirst; and a member of board of directors of BioLite Inc. Mr. Eugene Jiang is Mr. and Ms. Jiang’s son. Mr. Eugene Jiang is the chairman, and majority shareholder of the Company and a member of board of directors of BioLite Inc. Mr. Chang-Jen Jiang is Mr. Tsung-Shann Jiang’s sibling and the director of the Company. Ms. Mei-Ling Jiang is Ms. Shu-Ling Jiang’s sibling.
Schedule of accounts receivable related parties |
|  | September 30, |  |  | December 31, |
|  | 2019 |  |  | 2018 |
GenePharm Inc. |  | $ | 142,215 |  |  | $ | - |
Total |  | $ | 142,215 |  |  | $ | - |
Schedule of amount due from related parties |
|  | September 30, |  |  | December 31, |
|  | 2019 |  |  | 2018 |
Rgene |  | $ | 34,220 |  |  | $ | 19,477 |
AsiaGene |  |  | 3,353 |  |  |  | - |
BioFirst |  |  | 132,650 |  |  |  | - |
BioFirst (Australia) |  |  | 40,000 |  |  |  | 40,000 |
BioHopeKing Corporation |  |  | 111,780 |  |  |  | - |
LBG USA |  |  | 675 |  |  |  | - |
Total |  | $ | 322,678 |  |  | $ | 59,477 |
Schedule of amount due to related party |
|  | September 30, |  |  | December 31, |
|  | 2019 |  |  | 2018 |
Lion Arts Promotion Inc |  | $ | - |  |  | $ | 65,495 |
LionGene Corporation |  |  | - |  |  |  | 458,348 |
BioFirst Corporation |  |  | 142,688 |  |  |  | 6,428,643 |
AsiaGene |  |  | 24,017 |  |  |  | 160,000 |
YuanGene |  |  | 9,205 |  |  |  | 92,690 |
The Jiangs |  |  | 4,735 |  |  |  | 539,920 |
Kimho |  |  | 7,500 |  |  |  | - |
Due to shareholders |  |  | 188,315 |  |  |  | - |
Total |  | $ | 376,460 |  |  | $ | 7,745,096 |

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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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