XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Revenues $ 226,513 $ 191,782 $ 305,299 $ 404,024
Cost of revenues 4,236 13,352 8,195 14,851
Gross profit 222,277 178,430 297,104 389,173
Operating expenses        
Selling, general and administrative expenses 1,277,133 571,669 2,430,022 1,082,472
Research and development expenses 139,082 87,769 231,872 509,725
Stock-based compensation 75 7,800 600 16,350
Total operating expenses 1,416,290 667,238 2,662,494 1,608,547
Loss from operations (1,194,013) (488,808) (2,365,390) (1,219,374)
Other income (expense)        
Interest income 9,350 1,066 20,070 1,255
Interest expense (140,525) (132,686) (272,042) (262,572)
Rent income 5,249 13,591 10,480 9,700
Rent income – related parties 1,200 2,400
Impairment loss (944,204) (944,204)
Investment loss (38,937) (38,937)
Gain/Loss on foreign exchange changes 8,656 (407) 8,658 404
Gain/Loss on investment in equity securities (109,656) (51,219) (180,067) (117,424)
Other income 170,179 2,398 176,501 1,898
Total other expenses (1,038,688) (166,443) (1,217,141) (366,739)
Loss before provision income tax (2,232,701) (655,251) (3,582,531) (1,586,113)
Provision for income tax (48,644) (40,798) (89,212) (98,343)
Net loss (2,184,057) (614,453) (3,493,319) (1,487,770)
Net loss attributable to noncontrolling interests (334,760) (56,877) (396,484) (138,523)
Net loss attributed to ABVC and subsidiaries (1,849,297) (557,576) (3,096,835) (1,349,247)
Foreign currency translation adjustment (10,568) 61,061 (17,019) (25,725)
Comprehensive loss $ (1,859,865) $ (496,515) $ (3,113,854) $ (1,374,972)
Net loss per share:        
Basic and diluted $ (0.09) $ (0.03) $ (0.16) $ (0.08)
Weighted average number of common shares outstanding:        
Basic and diluted 19,488,168 17,422,988 19,486,355 16,201,114