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Long-Term Investments (Tables) | 9 Months Ended
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Sep. 30, 2022
Long Term Investment Abstract |
Schedule of ownership percentages of investee |
|  | Ownership percentage |  |  |
|  | September 30, |  |  | 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 |
|  | September 30, 2022 |  |  | December 31, 2021 |
|  | (Unaudited) |  |  |  |
Non-marketable Cost Method Investments, net |  |  |  |  |  |
Braingenesis Biotechnology Co., Ltd. |  | $ | 6,948 |  |  | $ | 7,941 |
Genepharm Biotech Corporation |  |  | 21,213 |  |  |  | 24,244 |
BioHopeKing Corporation |  |  | 787,999 |  |  |  | 900,570 |
Sub total |  |  | 816,160 |  |  |  | 932,755 |
Equity Method Investments, net |  |  |  |  |  |  |  |
BioFirst Corporation |  |  | - |  |  |  | - |
Rgene Corporation |  |  | - |  |  |  | - |
Total |  | $ | 816,160 |  |  | $ | 932,755 |
Schedule of balance sheet |
|  | September 30, 2022 |  |  | December 31, 2021 |
|  | (Unaudited) |  |  |  |
Current Assets |  | $ | 1,680,108 |  |  | $ | 2,205,669 |
Non-current Assets |  |  | 740,874 |  |  |  | 959,454 |
Current Liabilities |  |  | 2,512,708 |  |  |  | 2,909,703 |
Non-current Liabilities |  |  | 100,261 |  |  |  | 32,522 |
Stockholders’ Equity (Deficit) |  |  | (191,987 | ) |  |  | 222,898 |
|  | September 30, 2022 |  |  | December 31, 2021 |
|  | (Unaudited) |  |  |  |
Current Assets |  | $ | 497,633 |  |  | $ | 73,452 |
Noncurrent Assets |  |  | 311,612 |  |  |  | 374,423 |
Current Liabilities |  |  | 1,796,491 |  |  |  | 1,934,786 |
Noncurrent Liabilities |  |  | 20,340 |  |  |  | - |
Shareholders’ Deficit |  |  | (1,007,586 | ) |  |  | (1,486,911 | )
Schedule of statements of operation |
|  | Nine Months Ended September 30, |
|  | 2022 |  |  | 2021 |
|  | (Unaudited) |  |  |  |
Net sales |  | $ | 23,079 |  |  | $ | 17,451 |
Gross profit |  |  | 5,747 |  |  |  | 5,414 |
Net loss |  |  | (993,643 | ) |  |  | (887,230 | )
Share of losses from investments accounted for using the equity method |  |  | - |  |  |  | (193,147 | )
|  | Nine Months Ended September 30, |
|  | 2022 |  |  | 2021 |
|  | (Unaudited) |
Net sales |  | $ | - |  |  | $ | - |
Gross Profit |  |  | - |  |  |  | - |
Net loss |  |  | (450,995 | ) |  |  | (411,897 | )
Share of loss from investments accounted for using the equity method |  |  | - |  |  |  | - |
Schedule of equity investments |
|  | Nine Months Ended September 30, |
|  | 2022 |  |  | 2021 |
|  | (Unaudited) |
Share of equity method investee losses |  | $ | - |  |  | $ | (193,147 | )

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