XML 20 R5.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]    
Revenues $ 152,430 $ 969,783
Cost of revenues 302,037 286,415
Gross (loss) profit (149,607) 683,368
Operating expenses    
Selling, general and administrative expenses 5,368,278 6,067,545
Research and development expenses 1,062,916 2,693,457
Stock-based compensation 1,635,708 7,036,778
Total operating expenses 8,066,902 15,797,780
Loss from operations (8,216,509) (15,114,412)
Other income (expense)    
Interest income 185,481 187,817
Interest expense (2,493,340) (293,968)
Operating sublease income 65,900 107,150
Impairment loss (110,125)
Investment loss (7,446)
Gain (loss) on foreign exchange changes 22,690 (259,463)
Loss on investment in equity securities (221,888)
Other income (expenses) 3,384 (24,149)
Total other income (expenses) (2,437,773) (400,184)
Loss before provision income tax (10,654,282) (15,514,596)
Provision for income tax expense 256,006 797,778
Net loss (10,910,288) (16,312,374)
Net loss attributable to noncontrolling interests (394,632) 110,865
Net loss attributed to ABVC and subsidiaries (10,515,656) (16,423,239)
Foreign currency translation adjustment (741) (22,532)
Comprehensive loss $ (10,516,397) $ (16,445,771)
Net loss per share:    
Basic (in Dollars per share) $ (2.43) $ (5.19)
Weighted average number of common shares outstanding(1):    
Basic (in Shares) [1] 4,335,650 3,166,460
[1] Prior period results have been adjusted to reflect the 1-for-10 reverse stock split effected on July 25, 2023.