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Business Combination (Details) - USD ($) | Feb. 08, 2019 | Dec. 31, 2018
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Allocation of the purchase price: |  |  |
Cash and cash equivalents |  |  | $ 636,666
Accounts receivable, net |  |  | 43,204
Property and equipment, net |  |  | 58,150
Security deposits |  |  | 147,848
Total assets acquired |  |  | 896,308
Accrued expenses and other current liabilities |  |  | (83,026)
Total liabilities assumed |  |  | (85,906)
Total net assets acquired |  |  | $ 43,531,445
BioLite and BioKey [Member] |  |  |
Purchase consideration: |  |  |
Common Stock | [1] | $ 44,341,847 |
Allocation of the purchase price: |  |  |
Cash and cash equivalents |  | 531,147 |
Accounts receivable, net |  | 188,550 |
Property and equipment, net |  | 56,075 |
Operating lease right-of-use assets |  | 485,684 |
Security deposits |  | 10,440 |
Total assets acquired |  | 1,271,896 |
Accounts payable |  | (56,204) |
Accrued expenses and other current liabilities |  | (251,335) |
Operating lease liability |  | (267,256) |
Tenant security deposit |  | (2,880) |
Total liabilities assumed |  | (577,675) |
Total net assets acquired |  | 694,221 |
Goodwill as a result of the Merger |  | $ 43,647,626 |
[1] | 29,561,231 shares of ABVC common stock issued to BioKey in connection with the Merger. Those shares were valued at $1.50 per share, based on the bid-and-ask share price of ABVC Common Stock on the final day of trading, February 8, 2019.

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