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Related Parties Transactions (Tables) | 12 Months Ended
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Dec. 31, 2023
Related Parties Transactions [Abstract] |
Schedule of Related Parties of the Company with whom Transactions | The related parties of the company with whom transactions are reported in these financial statements are as follows:
Name of entity or Individual |  | Relationship with the Company and its subsidiaries
BioFirst Corporation (the “BioFirst”) |  | Entity controlled by controlling beneficiary shareholder of YuanGene
BioFirst (Australia) Pty Ltd. (the “BioFirst (Australia)”) |  | 100% owned by BioFirst; Entity controlled by controlling beneficiary shareholder of YuanGene
Rgene Corporation (the “Rgene”) |  | Shareholder of the Company; Entity controlled by controlling beneficiary shareholder of YuanGene; the Chairman of Rgene is Mr. Tsung-Shann Jiang
Eugene Jiang |  | Former President and Chairman
GenePharm Inc. (the “GenePharm”) |  | Dr. George Lee, Board Director of Biokey, is the Chairman of GenePharm.
The Jiangs |  | Mr. Tsung-Shann Jiang, the controlling beneficiary shareholder of the Company and Rgene, the Chairman and CEO of the BioLite Holding Inc. and BioLite Inc. and the President and a member of board of directors of BioFirst Ms. Shu-Ling Jiang, Mr. Tsung-Shann Jiang’s wife, is the Chairman of Keypoint; and a member of board of directors of BioLite Inc. Mr. Eugene Jiang is Mr. and Ms. Jiang’s son. Mr. Eugene Jiang is the chairman, and majority shareholder of the Company and a member of board of directors of BioLite Inc. Mr. Chang-Jen Jiang is Mr. Tsung-Shann Jiang’s sibling and the director of the Company. Ms. Mei-Ling Jiang is Ms. Shu-Ling Jiang’s sibling.
Zhewei Xu |  | Shareholder of the Company.
BioHopeKing Corporation |  | Entity controlled by controlling beneficiary shareholder of ABVC
Jaimes Vargas Russman |  | CEO of AiBtl BioPharma Inc.
Schedule of Accounts Receivable Due From Related Parties | Accounts receivable due from related parties consisted of the following as of the periods indicated:
|  | December 31, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
GenePharm Inc. |  | $ | - |  |  | $ | 142,225 |
Rgene |  |  | 10,463 |  |  |  | 615,118 |
Total |  | $ | 10,463 |  |  | $ | 757,343 |
Schedule of Revenue Due From Related Parties - Current | Revenue due from related parties consisted of the following as of the periods indicated:
|  | December 31, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
Rgene |  | $ | 2,055 |  |  | $ | 904,043 |
Total |  | $ | 2,055 |  |  | $ | 904,043 |
Schedule of Due From Related Parties - Current | Due from related party- Current
|  | December 31, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
Rgene |  | $ | 541,486 |  |  | $ | 513,819 |
BioFirst |  |  | 206,087 |  |  |  | - |
Total |  | $ | 747,573 |  |  | $ | 513,819 |
Schedule of Due From Related Parties - Non Current | Due from related parties- Non-current
|  | December 31, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
BioFirst (Australia) |  | $ | 839,983 |  |  |  | $ 752,655 |
BioHopeKing Corporation |  |  | 113,516 |  |  |  | 112,822 |
Total |  |  | 953,499 |  |  |  | 865,477 |
Less: allowance for expected credit losses accounts |  |  | (839,983 | ) |  |  | - |
Net |  | $ | 113,516 |  |  | $ | 865,477 |
Schedule of Amount Due to Related Parties | Amount due to related parties consisted of the following as of the periods indicated:
|  | December 31, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
BioFirst |  | $ | - |  |  | $ | 188,753 |
The Jiangs |  |  | 19,789 |  |  |  | 19,789 |
Due to shareholders |  |  | 152,382 |  |  |  | 151,450 |
Due to a Director |  |  | 961 |  |  |  | - |
Total |  | $ | 173,132 |  |  | $ | 359,992 |

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