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Long-Term Investments (Tables) | 9 Months Ended
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Sep. 30, 2021
Long Term Investment [Abstract] |
Schedule of ownership percentages of investee |
|  | Ownership percentage |  |  |
|  | September 30, |  |  | December 31, |  |  | Accounting
Name of related party |  | 2021 |  |  | 2020 |  |  | treatments
Braingenesis Biotechnology Co., Ltd. |  |  | 0.17 | % |  |  | 0.17 | % |  | Cost Method
Genepharm Biotech Corporation |  |  | 0.70 | % |  |  | 0.70 | % |  | Cost Method
BioHopeKing Corporation |  |  | 5.90 | % |  |  | 5.90 | % |  | Cost Method
BioFirst Corporation |  |  | 15.99 | % |  |  | 15.99 | % |  | Equity Method
Rgene Corporation |  |  | 31.62 | % |  |  | 31.62 | % |  | Equity Method
Schedule of extent the investee relies |
Name of related party |  | The extent the investee relies on the Company for its business
Braingenesis Biotechnology Co., Ltd. |  | No specific business relationship
Genepharm Biotech Corporation |  | No specific business relationship
BioHopeKing Corporation |  | Collaborating with the Company to develop and commercialize drugs
BioFirst Corporation |  | Loaned from the investee and provides research and development support service
Rgene Corporation |  | Collaborating with the Company to develop and commercialize drugs
Schedule of long-term investment |
|  | September 30, 2021 |  |  | December 31, 2020 |
|  | (Unaudited) |  |  |  |
Non-marketable Cost Method Investments, net |  |  |  |  |  |
Braingenesis Biotechnology Co., Ltd. |  | $ | 7,919 |  |  | $ | 7,853 |
Genepharm Biotech Corporation |  |  | 24,177 |  |  |  | 23,974 |
BioHopeKing Corporation |  |  | 898,068 |  |  |  | 890,564 |
Sub total |  |  | 930,164 |  |  |  | 922,391 |
Equity Method Investments, net |  |  |  |  |  |  |  |
BioFirst Corporation |  |  | 76,369 |  |  |  | 268,336 |
Rgene Corporation |  |  | - |  |  |  | - |
Total |  | $ | 1,006,533 |  |  | $ | 1,190,727 |
Schedule of balance sheets |
|  | September 30, 2021 |  |  | December 31, 2020 |
|  | (Unaudited) |  |  |  |
Current Assets |  | $ | 1,752,070 |  |  | $ | 1,299,822 |
Non-current Assets |  |  | 2,533,136 |  |  |  | 2,540,041 |
Current Liabilities |  |  | 2,680,177 |  |  |  | 1,986,340 |
Non-current Liabilities |  |  | 40,008 |  |  |  | 73,197 |
Stockholders’ Equity |  |  | 1,565,021 |  |  |  | 1,780,326 |
|  | September 30, 2021 |  |  | December 31, 2020 |
|  | (Unaudited) |  |  |  |
Current Assets |  | $ | 81,599 |  |  | $ | 123,958 |
Noncurrent Assets |  |  | 376,369 |  |  |  | 412,342 |
Current Liabilities |  |  | 1,765,628 |  |  |  | 1,392,756 |
Noncurrent Liabilities |  |  | 9,897 |  |  |  | 38,953 |
Shareholders’ Deficit |  |  | (1,317,557 | ) |  |  | (895,409 | )
Schedule of statements of operation |
|  | Nine months Ended September 30, |
|  | 2021 |  |  | 2020 |
|  | (Unaudited) |
Net sales |  | $ | 17,451 |  |  | $ | 134,759 |
Gross profit |  |  | 5,414 |  |  |  | 6,397 |
Net loss |  |  | (887,230 | ) |  |  | (4,936,294 | )
Share of losses from investments accounted for using the equity method |  |  | (193,147 | ) |  |  | (1,067,298 | )
|  | Nine months Ended September 30, |
|  | 2021 |  |  | 2020 |
|  | (Unaudited) |
Net sales |  | $ | - |  |  | $ | 16,449 |
Gross Profit |  |  | - |  |  |  | (332,763 | )
Net loss |  |  | (411,897 | ) |  |  | (441,678 | )
Share of loss from investments accounted for using the equity method |  |  | - |  |  |  | - |
Schedule of equity investments |
|  | Nine months Ended September 30, |
|  | 2021 |  |  | 2020 |
|  | (Unaudited) |
Share of equity method investee losses |  | $ | (193,147 | ) |  | $ | (1,067,298 | )

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