XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Revenues $ 42,269 $ 98,999 $ 380,789 $ 393,590
Cost of revenues 10,741 393 21,004 2,284
Gross profit 31,528 98,606 359,785 391,306
Operating expenses        
Selling, general and administrative expenses 3,216,146 1,579,996 6,000,055 3,979,283
Research and development expenses 305,483 263,424 1,197,669 743,617
Stock-based compensation 225,740 225,740 5,143,483 927,220
Total operating expenses 3,747,369 2,069,160 12,341,207 5,650,120
Loss from operations (3,715,841) (1,970,554) (11,981,422) (5,258,814)
Other income (expense)        
Interest income 48,164 9,333 127,354 72,584
Interest expense (126,536) (38,677) (159,507) (251,577)
Operating sublease income 21,597 2,624 78,523 60,822
Operating sublease income – related parties 1,200 3,600
Gain/Loss on foreign exchange changes (177) (5,999) 17,865 (10,806)
Gain/Loss on investment in equity securities (91,765) (193,147)
Other (expense) income 491 (404) (59,381) (171)
Government grant income 132,331 256,731
Total other income (expenses) (56,461) 8,643 4,854 (61,964)
Loss before provision income tax (3,772,302) (1,961,911) (11,976,568) (5,320,778)
Provision for income tax 4,222 (75,667) (165,096) (186,255)
Net loss (3,776,524) (1,886,244) (11,811,472) (5,134,523)
Net loss attributable to noncontrolling interests (71,660) (79,756) (252,171) (227,964)
Net loss attributed to ABVC and subsidiaries (3,704,864) (1,806,488) (11,559,301) (4,906,559)
Foreign currency translation adjustment (190,019) 16,137 (426,579) 416,858
Comprehensive loss $ (3,894,883) $ (1,790,351) $ (11,985,880) $ (4,489,701)
Net loss per share:        
Basic and diluted (in Dollars per share) $ (0.11) $ (0.07) $ (0.37) $ (0.2)
Weighted average number of common shares outstanding:        
Basic and diluted (in Shares) 32,574,551 26,882,181 31,193,397 25,035,522