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Long-Term Investments (Tables)
3 Months Ended
Mar. 31, 2022
Long Term Investment [Abstract]  
Schedule of ownership percentages of investee
   Ownership percentage    
   March 31,   December 31,   Accounting
Name of related party  2022   2021   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   Collaborating with the Company to develop and commercialize drugs
Rgene Corporation   Collaborating with the Company to develop and commercialize drugs

  

Schedule of long-term investment
   March 31,
2022
   December 31,
2021
 
   (Unaudited)     
Non-marketable Cost Method Investments, net        
Braingenesis Biotechnology Co., Ltd.  $7,698   $7,941 
Genepharm Biotech Corporation   23,503    24,244 
BioHopeKing Corporation   873,053    900,570 
Sub total   904,254    932,755 
Equity Method Investments, net          
BioFirst Corporation   
-
    
-
 
Rgene Corporation   
-
    
-
 
Total  $904,254   $932,755 

 

Schedule of balance sheets
   March 31,
2022
   December 31,
2021
 
   (Unaudited)     
Current Assets  $2,147,097   $2,205,669 
Non-current Assets   812,865    959,454 
Current Liabilities   3,237,623    2,909,703 
Non-current Liabilities   17,741    32,522 
Stockholders’ Equity   (295,402)   222,898 

 

   March 31,
2022
   December 31,
2021
 
   (Unaudited)     
Current Assets  $221,169   $73,452 
Noncurrent Assets   355,420    374,423 
Current Liabilities   2,164,077    1,934,786 
Noncurrent Liabilities   
-
    
-
 
Shareholders’ Deficit   (1,587,488)   (1,486,911)

 

Schedule of statements of operation
   Three Months Ended
March 31,
 
   2022   2021 
   (Unaudited) 
Net sales  $8,808   $12,339 
Gross profit   6,133    7,080 
Net loss   (498,940)   (220,855)
Share of losses from investments accounted for using the equity method   -    (47,791)

 

   Three Months Ended
March 31,
 
   2022   2021 
   (Unaudited) 
Net sales  $
-
   $- 
Gross Profit   
-
    - 
Net loss   (149,480)   (95,395)
Share of loss from investments accounted for using the equity method   
-
    
-
 

 

Schedule of equity investments
   Three Months Ended
March 31,
 
   2022   2021 
   (Unaudited) 
Share of equity method investee losses  $
-
   $(47,791)