XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Operations (unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]    
Revenues $ 78,786 $ 212,242
Cost of revenues 3,959 1,499
Gross profit 74,827 210,743
Operating expenses    
Selling, general and administrative expenses 1,152,889 510,803
Research and development expenses 92,790 421,956
Stock-based compensation 525 8,550
Total operating expenses 1,246,204 941,309
Loss from operations (1,171,377) (730,566)
Other income (expense)    
Interest income 10,720 189
Interest expense (131,517) (129,886)
Rental income 5,231 (4,291)
Rental income - related parties 1,200 400
Gain/Loss on foreign exchange changes 2 (3)
Gain/Loss on investment in equity securities (70,411) (66,205)
Other income (expense) 6,322 (500)
Total other expenses (178,453) (200,296)
Loss before provision income tax (1,349,830) (930,862)
Provision for income tax (40,568) (57,545)
Net loss (1,309,262) (873,317)
Net loss attributable to noncontrolling interests (61,724) (81,646)
Net loss attributed to ABVC and subsidiaries (1,247,538) (791,671)
Foreign currency translation adjustment (6,451) (86,786)
Comprehensive loss $ (1,253,989) $ (878,457)
Net loss per share:    
Basic and diluted $ (0.06) $ (0.05)
Weighted average number of common shares outstanding:    
Basic and diluted 19,484,542 14,965,665