XML 17 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]    
Revenues $ 355,797 $ 483,045
Cost of revenues 5,086 18,716
Gross profit 350,711 464,329
Operating expenses    
Selling, general and administrative expenses 5,746,119 4,273,468
Research and development expenses 1,003,805 549,658
Stock based compensation 5,306,755 4,146,979
Total operating expenses 12,056,679 8,970,105
Loss from operations (11,705,968) (8,505,776)
Other income (expense)    
Interest income 43,196 71,045
Interest expense (227,210) (405,032)
Operating sublease income 134,576 20,071
Operating sublease income – related parties 4,800 4,800
Impairment loss (961,217)
Investment loss (40,589)
Gain/Loss on foreign exchange changes 426,316 (3,275)
Gain/Loss on investment in equity securities (269,844) (1,168,733)
Other income 22,409 174,770
Government grant income 360,898
Total other expenses 495,141 (2,308,160)
Loss before provision income tax (11,210,827) (10,813,936)
Provision for income tax expense (benefit) 825,024 (220,352)
Net loss (12,035,851) (10,593,584)
Net loss attributable to noncontrolling interests 802,962 (802,420)
Net loss attributed to ABVC and subsidiaries (12,838,813) (9,791,164)
Foreign currency translation adjustment (25,200) (98,893)
Comprehensive loss $ (12,864,013) $ (9,890,057)
Net loss per share:    
Basic and diluted (in Dollars per share) $ (0.51) $ (0.5)
Weighted average number of common shares outstanding:    
Basic and diluted (in Shares) 25,053,522 19,715,559