XML 23 R4.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]        
Revenues $ 1,205 $ 128,272 $ 152,430 $ 969,783
Cost of revenues 277 60,236 302,037 286,415
Gross (loss) profit 928 68,036 (149,607) 683,368
Operating expenses        
Selling, general and administrative expenses 831,257 1,272,752 5,368,278 6,067,545
Research and development expenses 69,066 334,979 1,062,916 2,693,457
Stock-based compensation 2,544,995 366,489 1,635,708 7,036,778
Total operating expenses 3,445,318 1,974,220 8,066,902 15,797,780
Loss from operations (3,444,390) (1,906,184) (8,216,509) (15,114,412)
Other income (expense)        
Interest income 4,049 52,711 185,481 187,817
Interest expense (684,683) (56,663) (2,493,340) (293,968)
Operating sublease income 22,100 65,900 107,150
Impairment loss     (110,125)
Investment loss     (7,446)
Gain/(Loss) on foreign exchange changes 113,520 (12,261) 22,690 (259,463)
Loss on investment in equity securities     (221,888)
Other (expense) income 30,485 3,067 3,384 (24,149)
Total other income (expense) (536,629) 8,954 (2,437,773) (400,184)
Loss before income tax (3,981,019) (1,897,230) (10,654,282) (15,514,596)
Provision for (benefit from) income tax 256,006 797,778
Net loss (3,981,019) (1,897,230) (10,910,288) (16,312,374)
Net loss attributable to noncontrolling interests (48,043) (73,535) (394,632) 110,865
Net loss attributed to ABVC and subsidiaries (3,932,976) (1,823,695) (10,515,656) (16,423,239)
Foreign currency translation adjustment (283,064) 29,109 (741) (22,532)
Comprehensive loss $ (4,216,040) $ (1,794,586) $ (10,516,397) $ (16,445,771)
Net loss per share:        
Basic (in Dollars per share) $ (0.4) $ (0.55) $ (2.43) $ (5.19)
Weighted average shares used in computing net loss per share of common stock(1):        
Basic (in Shares) [1] 9,736,150 3,307,577 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.