XML 65 R35.htm IDEA: XBRL DOCUMENT v3.25.1
Convertible Notes Payable (Tables)
 12 Months Ended
Dec. 31, 2024
Convertible Notes Payable [Abstract]  
Schedule of Carrying Amounts of the Liability Component

The carrying amounts of the liability component are summarized as follows:

 

December 31, 2024     Issuance
Entity		  Issuance
Date		  Maturity
Date		  Principal
Amount at
Issuance		   Stated
Interest
Rate		   Effective
Interest
Rate		   Conversion
Price		   Common
Stock
to be
converted		  Principal
Amount at
Balance
Sheet Date		   Unamortized
Discount		   Carrying
Value		   Fair
Value		 
2nd LIND Note     ABVC  November 17,
2023		  May 19,
2025		  $1,200,000    0%   86.94%  $1.00   ABVC  $400,000   $118,048   $281,952   $480,000 
3rd LIND Note     ABVC  January 17,
2024		  July 17,
2025		   1,000,000    0%   87.40%  $1.00   ABVC   1,000,000    388,685    611,315    1,200,000 
Other Note     AiBtl  November 1,
2024		  November 1,
2025		   30,000    0%   6.89%  $5.00   AiBtl   30,000    1,610    28,390    30,000 
Other Note     AiBtl  November 5,
2024		  November 5,
2025		   30,000    0%   6.89%  $5.00   AiBtl   30,000    1,611    28,389    30,000 
               $2,260,000                     $1,460,000   $509,954   $950,046   $1,740,000 

 

December 31, 2023  Issuance
Entity		  Issuance
Date		  Maturity
Date		  Principal
Amount		   Stated
Interest
Rate		   Effective
Interest
Rate		   Conversion
Price		   Common
Stock
to be
converted		  Principal
Amount at
Balance
Sheet Date		   Unamortized
Discount		   Carrying
Value		   Fair
Value		 
1st LIND Note  ABVC  February 23,
2023		  August 23,
2024		  $3,704,167    0%   61.42%  $3.50   ABVC  $811,175   $

290,063

   $

521,112

   $973,410 
2nd LIND Note  ABVC  November 17,
2023		  May 19,
2025		   1,200,000    0%   86.94%  $1.00   ABVC   1,200,000    834,590    365,410    1,440,000 
            $4,904,167                     $2,011,175   $1,124,653   $886,522   $2,413,410