XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Revenues $ 31,441 $ 226,513 $ 294,591 $ 305,299
Cost of revenues 646 4,236 1,891 8,195
Gross profit 30,795 222,277 292,700 297,104
Operating expenses        
Selling, general and administrative expenses 1,231,692 1,277,133 2,399,287 2,430,022
Research and development expenses 358,878 139,082 480,193 231,872
Stock-based compensation 475,740 75 701,480 600
Total operating expenses 2,066,310 1,416,290 3,580,960 2,662,494
Loss from operations (2,035,515) (1,194,013) (3,288,260) (2,365,390)
Other income (expense)        
Interest income 10,722 9,350 63,251 20,070
Interest expense (82,671) (140,525) (212,900) (272,042)
Rent income 53,331 5,249 58,198 10,480
Rent income – related parties 800 1,200 2,400 2,400
Impairment loss (944,204) (944,204)
Investment loss (38,937) (38,937)
Gain/Loss on foreign exchange changes (5,758) 8,656 (4,807) 8,658
Gain/Loss on investment in equity securities (53,591) (109,656) (101,382) (180,067)
Other income 162 170,179 233 176,501
Government grant income   124,400
Total other expenses (77,005) (1,038,688) (70,607) (1,217,141)
Loss before provision income tax (2,112,520) (2,232,701) (3,358,867) (3,582,531)
Provision for income tax (59,564) (48,644) (110,588) (89,212)
Net loss (2,052,956) (2,184,057) (3,248,279) (3,493,319)
Net loss attributable to noncontrolling interests (81,390) (334,760) (148,208) (396,484)
Net loss attributed to ABVC and subsidiaries (1,971,566) (1,849,297) (3,100,071) (3,096,835)
Foreign currency translation adjustment 364,581 (10,568) 400,721 (17,019)
Comprehensive loss $ (1,606,985) $ (1,859,865) $ (2,699,350) $ (3,113,854)
Net loss per share:        
Basic and diluted (in Dollars per share) $ (0.08) $ (0.09) $ (0.13) $ (0.16)
Weighted average number of common shares outstanding:        
Basic and diluted (in Shares) 24,421,082 19,488,168 24,420,804 19,486,355