2022 Q3 Form 10-Q Financial Statement

#000121390022048113 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $42.27K $312.9K $25.66K
YoY Change -57.3% 895.07% -90.25%
Cost Of Revenue $10.74K $8.367K $1.900K
YoY Change 2654.1% 1195.2% 52.0%
Gross Profit $31.53K $304.5K $23.76K
YoY Change -68.03% 888.77% -90.93%
Gross Profit Margin 74.59% 97.33% 92.6%
Selling, General & Admin $3.216M $1.593M $5.883M
YoY Change 78.11% 29.32% 322.23%
% of Gross Profit 10200.92% 523.11% 24760.44%
Research & Development $305.5K $532.8K $359.4K
YoY Change 15.97% 48.46% 196.24%
% of Gross Profit 968.93% 174.97% 1512.63%
Depreciation & Amortization $6.462K $5.490K $5.410K
YoY Change 125.94% 86.73% 84.64%
% of Gross Profit 20.5% 1.8% 22.77%
Operating Expenses $3.747M $2.351M $6.242M
YoY Change 81.11% 13.79% 312.14%
Operating Profit -$3.716M -$2.047M -$6.219M
YoY Change 88.57% 0.56% 396.41%
Interest Expense $126.5K $14.76K $29.53K
YoY Change -199.55% -82.15% -123.71%
% of Operating Profit
Other Income/Expense, Net -$56.46K $17.08K $14.71K
YoY Change -141.59% -122.18% -88.77%
Pretax Income -$3.772M -$2.030M -$6.174M
YoY Change 92.28% -3.92% 395.4%
Income Tax $4.222K -$82.45K -$86.87K
% Of Pretax Income
Net Earnings -$3.705M -$1.859M -$6.088M
YoY Change 105.09% -5.71% 409.29%
Net Earnings / Revenue -8764.97% -594.19% -23724.14%
Basic Earnings Per Share -$0.11 -$0.06 -$0.20
Diluted Earnings Per Share -$0.11 -$0.06 -$202.0K
COMMON SHARES
Basic Shares Outstanding 32.63M shares 31.31M shares 29.68M shares
Diluted Shares Outstanding 32.57M shares 31.31M shares 29.68M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.401M $2.993M $2.813M
YoY Change -63.39% 223.66% 7.59%
Cash & Equivalents $1.324M $2.911M $2.718M
Short-Term Investments $77.58K $82.76K $95.55K
Other Short-Term Assets $933.8K $2.629M $2.010M
YoY Change -57.36% 69.62% 48.89%
Inventory $20.49K $21.86K $22.70K
Prepaid Expenses
Receivables $47.68K $289.5K $426.6K
Other Receivables $500.0K $3.713M $2.715M
Total Short-Term Assets $2.903M $9.789M $7.988M
YoY Change -59.17% 169.85% 53.45%
LONG-TERM ASSETS
Property, Plant & Equipment $566.8K $597.3K $1.981M
YoY Change -72.78% -72.19% -10.74%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $816.2K $870.6K $904.3K
YoY Change -18.91% -20.55% -19.76%
Other Assets $4.951M $1.231M $1.193M
YoY Change 129.71% -40.64% -39.55%
Total Long-Term Assets $7.577M $3.993M $4.079M
YoY Change 44.5% -24.9% -23.34%
TOTAL ASSETS
Total Short-Term Assets $2.903M $9.789M $7.988M
Total Long-Term Assets $7.577M $3.993M $4.079M
Total Assets $10.48M $13.78M $12.07M
YoY Change -15.17% 54.08% 14.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.085K
YoY Change -58.71%
Accrued Expenses $1.201M $1.247M $1.597M
YoY Change -18.59% -43.39% -35.29%
Deferred Revenue
YoY Change
Short-Term Debt $1.866M $1.574M $1.610M
YoY Change 13.99% -14.54% -11.58%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.894M $3.646M $3.664M
YoY Change 13.24% -16.69% -21.49%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Other Long-Term Liabilities $893.1K $956.3K $1.042M
YoY Change -26.92% -27.36% -25.31%
Total Long-Term Liabilities $893.1K $956.3K $1.042M
YoY Change -32.66% -76.41% -74.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.894M $3.646M $3.664M
Total Long-Term Liabilities $893.1K $956.3K $1.042M
Total Liabilities $4.787M $4.602M $4.640M
YoY Change 27.3% -38.68% -41.67%
SHAREHOLDERS EQUITY
Retained Earnings -$50.04M -$46.34M
YoY Change
Common Stock $32.63K $32.31K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $9.100M $9.100M
YoY Change
Treasury Stock Shares
Shareholders Equity $5.919M $9.334M $7.427M
YoY Change
Total Liabilities & Shareholders Equity $10.48M $13.78M $12.07M
YoY Change -15.17% 54.08% 14.64%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$3.705M -$1.859M -$6.088M
YoY Change 105.09% -5.71% 409.29%
Depreciation, Depletion And Amortization $6.462K $5.490K $5.410K
YoY Change 125.94% 86.73% 84.64%
Cash From Operating Activities -$513.7K -$3.429M -$2.994M
YoY Change -80.86% 137.49% 111.9%
INVESTING ACTIVITIES
Capital Expenditures -$4.350K -$22.03K -$93.22K
YoY Change -75.14%
Acquisitions
YoY Change
Other Investing Activities -$1.519M $0.00 $0.00
YoY Change 367.46% -100.0% -100.0%
Cash From Investing Activities -$1.523M -$22.03K -$93.22K
YoY Change 344.83% -84.27% -66.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 603.5K 3.664M 0.000
YoY Change -89.63% -3232.64% -100.0%
NET CHANGE
Cash From Operating Activities -513.7K -3.429M -2.994M
Cash From Investing Activities -1.523M -22.03K -93.22K
Cash From Financing Activities 603.5K 3.664M 0.000
Net Change In Cash -1.433M 212.5K -3.087M
YoY Change -151.36% -112.5% 86.8%
FREE CASH FLOW
Cash From Operating Activities -$513.7K -$3.429M -$2.994M
Capital Expenditures -$4.350K -$22.03K -$93.22K
Free Cash Flow -$509.4K -$3.407M -$2.901M
YoY Change -80.9% 105.3%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-06-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-40700
dei Entity Registrant Name
EntityRegistrantName
ABVC BioPharma, Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
26-0014658
dei Entity Address Address Line1
EntityAddressAddressLine1
44370 Old Warm Springs Blvd
dei Entity Address City Or Town
EntityAddressCityOrTown
Fremont
dei Entity Address Country
EntityAddressCountry
CA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
94538
dei City Area Code
CityAreaCode
(510)
dei Local Phone Number
LocalPhoneNumber
668-0881
dei Security12b Title
Security12bTitle
Common Stock, par value $0.001 per share
dei Trading Symbol
TradingSymbol
ABVC
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2022Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
32632329 shares
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2910613 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5828548 usd
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
688633 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
736667 usd
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
289474 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
280692 usd
CY2022Q2 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
142225 usd
CY2021Q4 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
145399 usd
CY2022Q2 us-gaap Due From Other Related Parties Current
DueFromOtherRelatedPartiesCurrent
3713319 usd
CY2021Q4 us-gaap Due From Other Related Parties Current
DueFromOtherRelatedPartiesCurrent
1286618 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
21855 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
25975 usd
CY2022Q2 us-gaap Short Term Investments
ShortTermInvestments
82755 usd
CY2021Q4 us-gaap Short Term Investments
ShortTermInvestments
108147 usd
CY2021Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
981912 usd
CY2022Q2 us-gaap Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
110099 usd
CY2021Q4 us-gaap Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
119309 usd
CY2022Q2 us-gaap Security Deposit
SecurityDeposit
39977 usd
CY2021Q4 us-gaap Security Deposit
SecurityDeposit
41157 usd
CY2022Q2 abvc Prepayment For Longterm Investments
PrepaymentForLongtermInvestments
639072 usd
CY2021Q4 abvc Prepayment For Longterm Investments
PrepaymentForLongtermInvestments
684720 usd
CY2022Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1301448 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
528354 usd
CY2022Q2 us-gaap Assets Current
AssetsCurrent
9789394 usd
CY2021Q4 us-gaap Assets Current
AssetsCurrent
9625120 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
597318 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
525881 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1294550 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1471899 usd
CY2022Q2 us-gaap Long Term Investments
LongTermInvestments
870571 usd
CY2021Q4 us-gaap Long Term Investments
LongTermInvestments
932755 usd
CY2022Q2 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
1080703 usd
CY2022Q2 us-gaap Assets
Assets
13782612 usd
CY2021Q4 us-gaap Assets
Assets
13698033 usd
CY2022Q2 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
1574000 usd
CY2021Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
1640000 usd
CY2022Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
2085 usd
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1246898 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1300803 usd
CY2022Q2 abvc Advance From Customers
AdvanceFromCustomers
10985 usd
CY2021Q4 abvc Advance From Customers
AdvanceFromCustomers
10985 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
350284 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
347100 usd
CY2022Q2 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
461612 usd
CY2021Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
393424 usd
CY2022Q2 us-gaap Liabilities Current
LiabilitiesCurrent
3645864 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
3692312 usd
CY2022Q2 us-gaap Security Deposit Liability
SecurityDepositLiability
11980 usd
CY2021Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
10580 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
944266 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1124799 usd
CY2022Q2 us-gaap Liabilities
Liabilities
4602110 usd
CY2021Q4 us-gaap Liabilities
Liabilities
4827691 usd
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
32307329 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
32307329 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
28926322 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
28926322 shares
CY2022Q2 us-gaap Common Stock Value
CommonStockValue
32307 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
28926 usd
CY2022Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
66240474 usd
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
58113667 usd
CY2022Q2 us-gaap Stockholders Equity Note Subscriptions Receivable
StockholdersEquityNoteSubscriptionsReceivable
1805920 usd
CY2021Q4 us-gaap Stockholders Equity Note Subscriptions Receivable
StockholdersEquityNoteSubscriptionsReceivable
2257400 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-46335637 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-38481200 usd
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
303100 usd
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
539660 usd
CY2022Q2 us-gaap Treasury Stock Value
TreasuryStockValue
9100000 usd
CY2021Q4 us-gaap Treasury Stock Value
TreasuryStockValue
9100000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
9334324 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
8843653 usd
CY2022Q2 us-gaap Minority Interest
MinorityInterest
-153822 usd
CY2021Q4 us-gaap Minority Interest
MinorityInterest
26689 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9180502 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
8870342 usd
CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
13782612 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
13698033 usd
CY2022Q2 us-gaap Revenues
Revenues
312860 usd
CY2021Q2 us-gaap Revenues
Revenues
31441 usd
us-gaap Revenues
Revenues
338520 usd
us-gaap Revenues
Revenues
294591 usd
CY2022Q2 us-gaap Cost Of Revenue
CostOfRevenue
8367 usd
CY2021Q2 us-gaap Cost Of Revenue
CostOfRevenue
646 usd
us-gaap Cost Of Revenue
CostOfRevenue
10263 usd
us-gaap Cost Of Revenue
CostOfRevenue
1891 usd
CY2022Q2 us-gaap Gross Profit
GrossProfit
304493 usd
CY2021Q2 us-gaap Gross Profit
GrossProfit
30795 usd
us-gaap Gross Profit
GrossProfit
328257 usd
us-gaap Gross Profit
GrossProfit
292700 usd
CY2022Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1592831 usd
CY2021Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1231692 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2783909 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2399287 usd
CY2022Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
532782 usd
CY2021Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
358878 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
892186 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
480193 usd
CY2022Q2 us-gaap Share Based Compensation
ShareBasedCompensation
225740 usd
CY2021Q2 us-gaap Share Based Compensation
ShareBasedCompensation
475740 usd
us-gaap Share Based Compensation
ShareBasedCompensation
4917743 usd
us-gaap Share Based Compensation
ShareBasedCompensation
701480 usd
CY2022Q2 us-gaap Operating Expenses
OperatingExpenses
2351353 usd
CY2021Q2 us-gaap Operating Expenses
OperatingExpenses
2066310 usd
us-gaap Operating Expenses
OperatingExpenses
8593838 usd
us-gaap Operating Expenses
OperatingExpenses
3580960 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-2046860 usd
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-2035515 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-8265581 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-3288260 usd
CY2022Q2 abvc Interest Incomes
InterestIncomes
39015 usd
CY2021Q2 abvc Interest Incomes
InterestIncomes
10722 usd
abvc Interest Incomes
InterestIncomes
79190 usd
abvc Interest Incomes
InterestIncomes
63251 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
14758 usd
CY2021Q2 us-gaap Interest Expense
InterestExpense
82671 usd
us-gaap Interest Expense
InterestExpense
32971 usd
us-gaap Interest Expense
InterestExpense
212900 usd
CY2022Q2 abvc Rent Income
RentIncome
32802 usd
CY2021Q2 abvc Rent Income
RentIncome
53331 usd
abvc Rent Income
RentIncome
56926 usd
abvc Rent Income
RentIncome
58198 usd
CY2021Q2 abvc Operating Sublease Income Related Parties
OperatingSubleaseIncomeRelatedParties
800 usd
abvc Operating Sublease Income Related Parties
OperatingSubleaseIncomeRelatedParties
2400 usd
CY2022Q2 abvc Gain Loss On Foreign Exchange Changes
GainLossOnForeignExchangeChanges
10479 usd
CY2021Q2 abvc Gain Loss On Foreign Exchange Changes
GainLossOnForeignExchangeChanges
-5758 usd
abvc Gain Loss On Foreign Exchange Changes
GainLossOnForeignExchangeChanges
18042 usd
abvc Gain Loss On Foreign Exchange Changes
GainLossOnForeignExchangeChanges
-4807 usd
CY2021Q2 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
-53591 usd
us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
-101382 usd
CY2022Q2 us-gaap Other Income
OtherIncome
-50462 usd
CY2021Q2 us-gaap Other Income
OtherIncome
162 usd
us-gaap Other Income
OtherIncome
-59872 usd
us-gaap Other Income
OtherIncome
233 usd
us-gaap Interest Income Securities Us Treasury And Other Us Government
InterestIncomeSecuritiesUSTreasuryAndOtherUSGovernment
124400 usd
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
17076 usd
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-77005 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
61315 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-70607 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2029784 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2112520 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-8204266 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3358867 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-82451 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-59564 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-169318 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-110588 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
-1947333 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-2052956 usd
us-gaap Profit Loss
ProfitLoss
-8034948 usd
us-gaap Profit Loss
ProfitLoss
-3248279 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-88336 usd
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-81390 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-180511 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-148208 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-1858997 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-1971566 usd
us-gaap Net Income Loss
NetIncomeLoss
-7854437 usd
us-gaap Net Income Loss
NetIncomeLoss
-3100071 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-123221 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
364581 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-236560 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
400721 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1982218 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1606985 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-8090997 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2699350 usd
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.08
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.26
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.13
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31307329 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24421082 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29683402 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24420804 shares
us-gaap Profit Loss
ProfitLoss
-8034948 usd
us-gaap Profit Loss
ProfitLoss
-3248279 usd
us-gaap Depreciation
Depreciation
10902 usd
us-gaap Depreciation
Depreciation
5869 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4917743 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
701480 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-101382 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
124400 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-18831 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-170118 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-111388 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
8782 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
137312 usd
us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
784714 usd
us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
219020 usd
us-gaap Increase Decrease Due From Other Related Parties
IncreaseDecreaseDueFromOtherRelatedParties
2435935 usd
us-gaap Increase Decrease Due From Other Related Parties
IncreaseDecreaseDueFromOtherRelatedParties
12346 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-2473 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2085 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-17997 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-21915 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
201591 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
1085 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
80760 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
4427 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-6423618 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2857078 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
115246 usd
us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
421974 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-115246 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-421974 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3663925 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
306836 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
236498 usd
abvc Repayment Of Long Term Bank Loans
RepaymentOfLongTermBankLoans
4396 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3663925 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-74734 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-91030 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9419 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2965969 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3344367 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6565215 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5001371 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3599246 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1657004 usd
us-gaap Interest Paid Net
InterestPaidNet
24348 usd
us-gaap Interest Paid Net
InterestPaidNet
69623 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2662067 usd
CY2021Q1 abvc Stock Issued During Period Value Share Based Compensation Services
StockIssuedDuringPeriodValueShareBasedCompensationServices
225740 usd
CY2021Q1 us-gaap Profit Loss
ProfitLoss
-1195323 usd
CY2021Q1 abvc Cumulative Transaction Adjustments
CumulativeTransactionAdjustments
36140 usd
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1728624 usd
CY2021Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
250000 usd
CY2021Q2 abvc Stock Issued During Period Value Share Based Compensation Services
StockIssuedDuringPeriodValueShareBasedCompensationServices
225740 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-2052956 usd
CY2021Q2 abvc Cumulative Transaction Adjustments
CumulativeTransactionAdjustments
364581 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
515989 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
8870342 usd
CY2022Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
4466263 usd
CY2022Q1 abvc Stock Issued During Period Value Share Based Compensation Services
StockIssuedDuringPeriodValueShareBasedCompensationServices
225740 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-6087615 usd
CY2022Q1 abvc Cumulative Transaction Adjustments
CumulativeTransactionAdjustments
-113339 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7361391 usd
CY2022Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
3663925 usd
CY2022Q2 abvc Stock Issued During Period Value Share Based Compensation Services
StockIssuedDuringPeriodValueShareBasedCompensationServices
225740 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
-1947333 usd
CY2022Q2 abvc Cumulative Transaction Adjustments
CumulativeTransactionAdjustments
-123221 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9180502 usd
CY2016Q1 us-gaap Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
2536-for-1, into an aggregate of 166,273,921 (52,936,583 pre-stock split) common shares of the Company and BriVision had become a wholly owned subsidiary of the Company.
CY2017Q3 abvc Percentage Of Common Shares Issued And Outstanding
PercentageOfCommonSharesIssuedAndOutstanding
0.73 pure
us-gaap Fiscal Period
FiscalPeriod
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Fiscal Year</span> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company changed its fiscal year from the period beginning on October 1st and ending on September 30th to the period beginning on January 1st and ending on December 31st, beginning January 1, 2018. All references herein to a fiscal year prior to December 31, 2017 refer to the twelve months ended September 30th of such year. </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Use of Estimates</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the amount of revenues and expenses during the reporting periods. Actual results could differ materially from those results.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"/>
CY2016Q1 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.001
CY2016Q1 us-gaap Excess Stock Shares Authorized
ExcessStockSharesAuthorized
360000000 shares
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2910613 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5828548 usd
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
688633 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
736667 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Concentration of Credit Risk</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company’s financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents. The Company places its cash and temporary cash investments in high quality credit institutions, but these investments may be in excess of Taiwan Central Deposit Insurance Corporation and the U.S. Federal Deposit Insurance Corporation’s insurance limits. The Company does not enter into financial instruments for hedging, trading or speculative purposes.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022Q2 abvc Impairment Of Equity Investments
ImpairmentOfEquityInvestments
0 usd
abvc Impairment Of Equity Investments
ImpairmentOfEquityInvestments
0 usd
CY2021Q2 abvc Impairment Of Equity Investments
ImpairmentOfEquityInvestments
0 usd
abvc Impairment Of Equity Investments
ImpairmentOfEquityInvestments
6 usd
CY2021Q2 abvc Stock Based Compensation For Nonemployees
StockBasedCompensationForNonemployees
475740 usd
abvc Labour Pension Fund Percentage
LabourPensionFundPercentage
0.06 pure
abvc Percentage Of Monthly Contributions
PercentageOfMonthlyContributions
0.06 pure
CY2022Q2 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
3309 usd
CY2021Q2 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
2859 usd
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
6646 usd
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
5362 usd
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
0 usd
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
0 usd
CY2021Q2 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
0 usd
CY2022Q2 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
0 usd
CY2022Q2 abvc Stock Based Compensation For Nonemployees
StockBasedCompensationForNonemployees
225740 usd
CY2022Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
66706 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
84620 usd
CY2022Q2 abvc Allowance For Inventory Valuation And Obsolescence Loss
AllowanceForInventoryValuationAndObsolescenceLoss
-145012 usd
CY2021Q4 abvc Allowance For Inventory Valuation And Obsolescence Loss
AllowanceForInventoryValuationAndObsolescenceLoss
-155370 usd
CY2022Q2 us-gaap Inventory Gross
InventoryGross
21855 usd
CY2021Q4 us-gaap Inventory Gross
InventoryGross
25975 usd
abvc Stock Based Compensation For Nonemployees
StockBasedCompensationForNonemployees
4917743 usd
abvc Stock Based Compensation For Nonemployees
StockBasedCompensationForNonemployees
701480 usd
abvc Beneficial Conversion Feature
BeneficialConversionFeature
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Beneficial Conversion Feature</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">From time to time, the Company may issue convertible notes that may contain an imbedded beneficial conversion feature. A beneficial conversion feature exists on the date a convertible note is issued when the fair value of the underlying common stock to which the note is convertible into is in excess of the remaining unallocated proceeds of the note after first considering the allocation of a portion of the note proceeds to the fair value of the warrants, if related warrants have been granted. The intrinsic value of the beneficial conversion feature is recorded as a debt discount with a corresponding amount to additional paid in capital. The debt discount is amortized to interest expense over the life of the note using the effective interest method.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
abvc Defined Benefit Plan Funded Percentages
DefinedBenefitPlanFundedPercentages
0.50 pure
abvc Milestone Payments Royalty Percentage
MilestonePaymentsRoyaltyPercentage
0.12 pure
CY2018Q4 abvc Co Dev Agreement Description
CoDevAgreementDescription
the Company received the remaining balance of $2,550,000 in the form of newly issued shares of Rgene’s Common Stock, at the price of NT$50 (approximately equivalent to $1.60 per share), for an aggregate number of 1,530,000 shares, which accounted for equity method long-term investment as of December 31, 2018. During the year ended December 31, 2018, the Company has recognized investment loss of $549.
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
100161 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
96725 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3899531 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3840352 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3302213 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3314471 usd
CY2022Q2 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
597318 usd
CY2021Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
525881 usd
CY2022Q2 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
5491 usd
CY2021Q2 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
2941 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
10902 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
5869 usd
abvc Schedule Of Ownership Percentages Of Investee Table Text Blocks
ScheduleOfOwnershipPercentagesOfInvesteeTableTextBlocks
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Ownership percentage</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center">Accounting</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">Name of related party</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">treatments</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Braingenesis Biotechnology Co., Ltd.</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">0.17</td><td style="width: 1%; text-align: left">%</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">0.17</td><td style="width: 1%; text-align: left">%</td><td style="width: 1%"> </td> <td style="width: 11%; text-align: center">Cost Method</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Genepharm Biotech Corporation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">0.70</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">0.70</td><td style="text-align: left">%</td><td> </td> <td style="text-align: center">Cost Method</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">BioHopeKing Corporation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5.90</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5.90</td><td style="text-align: left">%</td><td> </td> <td style="text-align: center">Cost Method</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">BioFirst Corporation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">15.99</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">15.99</td><td style="text-align: left">%</td><td> </td> <td style="text-align: center">Equity Method</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Rgene Corporation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">31.62</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">31.62</td><td style="text-align: left">%</td><td> </td> <td style="text-align: center">Equity Method</td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022Q2 abvc Nonmarketable Cost Method Investments Net
NonmarketableCostMethodInvestmentsNet
870571 usd
CY2021Q4 abvc Nonmarketable Cost Method Investments Net
NonmarketableCostMethodInvestmentsNet
932755 usd
CY2022Q2 us-gaap Equity Method Investments
EquityMethodInvestments
870571 usd
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
932755 usd
abvc Purchase Additional Shares
PurchaseAdditionalShares
317000 shares
CY2022Q2 us-gaap Temporary Equity Aggregate Amount Of Redemption Requirement
TemporaryEquityAggregateAmountOfRedemptionRequirement
639072 usd
CY2021Q4 us-gaap Temporary Equity Aggregate Amount Of Redemption Requirement
TemporaryEquityAggregateAmountOfRedemptionRequirement
684720 usd
abvc Share Of Equity Method Investee Losses
ShareOfEquityMethodInvesteeLosses
-101382 usd
CY2018Q2 us-gaap Stock Issued1
StockIssued1
5000000 usd
CY2018Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
2
CY2018Q2 abvc Shares Offering Price Percentage
SharesOfferingPricePercentage
0.80 pure
CY2018Q2 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
500000 usd
CY2020Q1 us-gaap Investment Interest Rate
InvestmentInterestRate
0.20 pure
CY2020Q2 abvc Aggregate Principal And Accrued Interest Expense
AggregatePrincipalAndAccruedInterestExpense
354722 usd
CY2020Q2 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
192784 shares
CY2018Q2 us-gaap Stock Issued1
StockIssued1
5000000 usd
CY2018Q3 us-gaap Stock Issued1
StockIssued1
5000000 usd
CY2019Q3 us-gaap Debt Instrument Convertible Threshold Percentage Of Stock Price Trigger
DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger
0.70 pure
CY2019Q3 abvc Public Equity Offering Exceed Amount
PublicEquityOfferingExceedAmount
10000000 usd
CY2020 abvc Shares Issued1
SharesIssued1
111112 shares
CY2019Q3 us-gaap Conversion Of Stock Description
ConversionOfStockDescription
50 per share (the “Fixed Conversion Price”), subject to adjustment, or (ii) 70% of the per share offering price (the “Alternative Conversion Price”) of the completed public equity offering of the Company in an amount exceeding $10,000,000 as stated on the registration statement on a Form S-1 filed with the Securities and Exchange Commission on November 14, 2018 (the “Public Offering”), as amended from time to time. In accordance with FASB ASC 470-20, the Company recognized none of the intrinsic value of embedded beneficial conversion feature present in the KLS Note. On April 20, 2020, the Company entered into an exchange agreement with KLS. The aggregate principal amount plus accrued interest expenses were $225,222, and the Company agreed to issue to the Holders an aggregate of 126,530 shares of the Company’s common stock, and warrants to purchase 126,530 shares of common stock. These common shares have been issued during the year ended December 31, 2020On September 4, 2019, the Company issued 3 twelve-month term unsecured convertible promissory note (the “C.L.L. Note”) in an aggregate principal amount of $257,500 to Chang Ping Shan, Lin Shan Tyan, and Liu Ching Hsuan (together the “C.L.L.”), pursuant to which the Company received $257,500 on September 4, 2019. Chang Ping Shan and Liu Ching Hsuan are related parties to the Company. The C.L.L. Note bears interest at 20% per annum. The Company shall pay to the C.L.L. an amount in cash representing all outstanding principal and accrued and unpaid interest on the Twelve (12) month anniversary of the issuance date of the C.L.L. Note, which is on September 3, 2020. At any time from the date hereof until this C.L.L. Note has been satisfied, the C.L.L. may convert the unpaid and outstanding principal plus any accrued and unpaid interest and or default interest, if any, into shares of the Company’s common stock at a conversion price (the “Conversion Price”) equal to the lower of (i) $.50 per share (the “Fixed Conversion Price”), subject to adjustment, or (ii) 70% of the per share offering price (the “Alternative Conversion Price”) of the completed public equity offering of the Company in an amount exceeding $10,000,000 as stated on the registration statement on a Form S-1 filed with the Securities and Exchange Commission on November 14, 2018 (the “Public Offering”), as amended from time to time. In accordance with FASB ASC 470-20, the Company recognized none of the intrinsic value of embedded beneficial conversion feature present in the C.L.L. Note. On April 20, 2020, the Company entered into an exchange agreement with C.L.L.. The aggregate principal amount plus accrued interest expenses were $289,974, and the Company agreed to issue to the Holders an aggregate of 162,908 shares of the Company’s common stock, and warrants to purchase 162,908 shares of common stock. These common shares have been issued during the year ended December 31, 2020 
CY2021Q2 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
2.25
CY2021Q3 abvc Convertible Promissory Note
ConvertiblePromissoryNote
2500000 usd
CY2021Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
1111112 shares
CY2022Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
1574000 usd
CY2021Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
1640000 usd
CY2020Q3 abvc Principal Amount
principalAmount
7500000 twd
CY2020Q3 abvc Principal Amount
principalAmount
252000 usd
CY2017Q3 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2018-01-19
CY2022Q1 abvc Principal Amount
principalAmount
20000000 twd
CY2022Q1 abvc Principal Amount
principalAmount
672000 usd
CY2022Q1 us-gaap Debt Instrument Term
DebtInstrumentTerm
P6Y
CY2019Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
1000000 usd
CY2020Q4 abvc Received Loan Amount
ReceivedLoanAmount
350000 usd
CY2021Q4 abvc Principal Amount
principalAmount
650000 twd
CY2020Q2 abvc Loan From Paycheck Protection Program
LoanFromPaycheckProtectionProgram
124400 usd
CY2020Q2 abvc Forgiven Amount Percentage Used For Payroll
ForgivenAmountPercentageUsedForPayroll
0.60 pure
CY2021Q1 abvc Loan From Paycheck Protection Program
LoanFromPaycheckProtectionProgram
132331 usd
CY2021Q1 abvc Forgiven Amount Percentage Used For Payroll
ForgivenAmountPercentageUsedForPayroll
0.60 pure
CY2021Q1 abvc Promissory Note Description
PromissoryNoteDescription
The loan was granted pursuant to a promissory note dated January 27, 2021 issued by the Company, which matures on January 28, 2026 and bears interest at a rate of 1.00% per annum. The Company will pay the principal in one payment of all outstanding principal plus all accrued unpaid interest on that date that is five years after the date of the promissory note. No collateral or personal guarantees are required.
CY2021Q1 abvc Loan From Paycheck Protection Programs
LoanFromPaycheckProtectionPrograms
104167 usd
CY2021Q1 abvc Forgiven Amount Percentage Used For Payroll
ForgivenAmountPercentageUsedForPayroll
0.60 pure
CY2021Q1 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.01 pure
CY2019Q1 abvc Unsecured Loan Agreements Description
UnsecuredLoanAgreementsDescription
In January, 2019, BioLite Taiwan entered an unsecured loan agreement with one individual bearing interest at fixed rates at 12% per annum of NT$3,000,000, equivalent to $106,800, for working capital purpose.
CY2022Q2 us-gaap Other Notes Payable
OtherNotesPayable
0 usd
CY2021Q4 us-gaap Other Notes Payable
OtherNotesPayable
0 usd
CY2022Q2 us-gaap Interest Expense Other
InterestExpenseOther
0 usd
CY2021Q2 us-gaap Interest Expense Other
InterestExpenseOther
3222 usd
us-gaap Interest Expense Other
InterestExpenseOther
0 usd
us-gaap Interest Expense Other
InterestExpenseOther
6426 usd
CY2020Q1 us-gaap Unsecured Debt
UnsecuredDebt
100000 usd
CY2020Q3 us-gaap Short Term Debt Interest Rate Increase
ShortTermDebtInterestRateIncrease
0.015 pure
us-gaap Debt Instrument Increase Accrued Interest
DebtInstrumentIncreaseAccruedInterest
0 usd
CY2021 us-gaap Debt Instrument Increase Accrued Interest
DebtInstrumentIncreaseAccruedInterest
0 usd
CY2022Q2 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
142225 usd
CY2021Q4 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
145399 usd
CY2022Q2 abvc Due Fromthe Related Parties Current
DueFromtheRelatedPartiesCurrent
3713319 usd
CY2021Q4 abvc Due Fromthe Related Parties Current
DueFromtheRelatedPartiesCurrent
1286618 usd
CY2022Q2 abvc Advanced An Aggregate Amount
AdvancedAnAggregateAmount
547525 usd
CY2021Q4 abvc Advanced An Aggregate Amount
AdvancedAnAggregateAmount
49110 usd
us-gaap Assets Average Outstanding
AssetsAverageOutstanding
531384 usd
CY2021 us-gaap Assets Average Outstanding
AssetsAverageOutstanding
33520 usd
CY2022Q2 us-gaap Longterm Construction Loan Current And Noncurrent
LongtermConstructionLoanCurrentAndNoncurrent
500000 usd
CY2022Q2 us-gaap Principal Amount Outstanding On Loans Securitized
PrincipalAmountOutstandingOnLoansSecuritized
1000000 usd
CY2022Q2 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
1
us-gaap Debt Instrument Convertible Threshold Percentage Of Stock Price Trigger
DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger
0.20 pure
CY2022Q2 us-gaap Due From Affiliate Noncurrent
DueFromAffiliateNoncurrent
1559 usd
CY2021Q4 us-gaap Due From Affiliate Noncurrent
DueFromAffiliateNoncurrent
1889 usd
abvc Loan Agreement Total Amount
LoanAgreementTotalAmount
1348000 usd
CY2022Q2 abvc Interest Rate
InterestRate
0.065 pure
us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2022-11-30
CY2022Q1 abvc Loan Agreement Total Amount
LoanAgreementTotalAmount
507000 usd
CY2022Q1 abvc Interest Rate
InterestRate
0.065 pure
CY2022Q2 us-gaap Due From Employees Noncurrent
DueFromEmployeesNoncurrent
116640 usd
CY2021Q4 us-gaap Due From Employees Noncurrent
DueFromEmployeesNoncurrent
124972 usd
abvc Schedule Of Related Party Transactions Amount Due To Related Party
ScheduleOfRelatedPartyTransactionsAmountDueToRelatedParty
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left">BioFirst Corporation</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">40,878</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">40,878</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">BioFirst (Australia)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">211,147</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">132,443</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>AsiaGene</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">24,017</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">24,017</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td>YuanGene</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,205</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,205</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">The Jiangs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">19,789</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">18,750</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt">Due to shareholders</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">156,576</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">168,131</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 4pt; padding-left: 9pt">Total</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">461,612</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">393,424</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022Q2 abvc Due To Related Party Current And Noncurrent
DueToRelatedPartyCurrentAndNoncurrent
461612 usd
CY2021Q4 abvc Due To Related Party Current And Noncurrent
DueToRelatedPartyCurrentAndNoncurrent
393424 usd
CY2022Q2 abvc Accrued Interest
AccruedInterest
40878 usd
CY2021Q4 abvc Accrued Interest
AccruedInterest
40878 usd
CY2018 us-gaap Debt Instrument Interest Rate Terms
DebtInstrumentInterestRateTerms
The advances bear interest rate of 12% per annum.
CY2022Q2 abvc Outstanding Principal And Accrued Interest
OutstandingPrincipalAndAccruedInterest
156576 usd
CY2021Q4 abvc Outstanding Principal And Accrued Interest
OutstandingPrincipalAndAccruedInterest
168131 usd
CY2022Q2 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
5401 usd
CY2021Q2 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
5694 usd
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
10714 usd
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
10992 usd
CY2016Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2016Q1 abvc Common Stock Share Authorized
CommonStockShareAuthorized
360000000 shares
CY2016Q2 abvc Agreement Description
AgreementDescription
the Company and BioLite Taiwan agreed to amend the BioLite Collaborative Agreement, through entry into the Milestone Payment Agreement, whereby the Company has agreed to issue shares of Common Stock of the Company, at the price of $1.60 per share, for an aggregate number of 562,500 shares, as part of the Company’s first installation of payment pursuant to the Milestone Payment. The shares issuance was completed in June 2016.
CY2016Q3 abvc Agreement Description
AgreementDescription
the Company issued 1,468,750 shares (“Shares”) of the Company’s Common Stock, par value $0.001 (the “Offering”) to BioLite Taiwan pursuant to a certain Stock Purchase Agreement dated August 26, 2016 (the “SPA”). The Shares are exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), pursuant to Regulation S of the Securities Act promulgated thereunder. The purchase price per share of the Offering is $1.60. The net proceeds to the Company from the Offering are approximately $2,350,000. Pursuant to the BioLite Collaborative Agreement, BriVision should pay a total of $100,000,000 in cash or stock of the Company with equivalent value according to the milestone achieved. The agreement requires that 6.5% of total payment, $6,500,000 shall be made upon the first IND submission which was submitted in March 2016.
CY2017Q1 abvc Agreement Description
AgreementDescription
the Company remitted this amount to BioLite with $650,000 in cash and $5,850,000 in the form of newly issued shares of the Company’s Common Stock, at the price of $2.0 per share, for an aggregate number of 2,925,000 shares. Upon the consummation of the restructuring transaction between the Company and BioLite on February 8, 2019, the Company’s Common Stock held by BioLite Taiwan was accounted for treasury stocks in the statement of equity (deficit).
CY2022Q2 us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
2000000 shares
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
4220000 usd
us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
556075 usd
abvc Warrants Term
WarrantsTerm
P5Y
us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
2000000 shares
CY2019Q2 abvc Financial Amendment Description
FinancialAmendmentDescription
the Company filed a Certificate of Amendment with the Secretary of State of Nevada, which was effective May 8, 2019 upon its receipt of the written notice from Financial Industry Regulatory Authority (“FINRA”). Pursuant to the Certificate of Amendment, the Company effectuated a 1-for-18 reverse stock split of its issued and outstanding shares of common stock, $0.001 par value, whereby 318,485,252 outstanding shares of the Company’s common stock were exchanged for 17,693,625 shares of the Company’s Common Stock.
CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
644972 shares
us-gaap Professional Fees
ProfessionalFees
4514800 usd
CY2022Q2 abvc Stock Subscription Receivable
StockSubscriptionReceivable
1805920 usd
CY2021Q4 abvc Stock Subscription Receivable
StockSubscriptionReceivable
2257400 usd
CY2019Q3 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
4872340 usd
CY2019Q3 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
7
CY2019Q3 abvc Debt Conversion Converted Instrument Amount
DebtConversionConvertedInstrumentAmount
4872340 usd
CY2019Q3 us-gaap Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
696051 shares
CY2021Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
50000 shares
CY2021Q2 us-gaap Share Price
SharePrice
5
CY2020Q4 abvc Warrant Issued
WarrantIssued
200000 shares
CY2020Q4 us-gaap Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
2.25
CY2020Q4 abvc Warrant Term
WarrantTerm
P5Y
CY2020Q4 abvc Issuance Of Common Stock
IssuanceOfCommonStock
3384615 shares
CY2020 abvc Aggregate Common Stock Shares
AggregateCommonStockShares
915856 shares
CY2021Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1111112 shares
CY2021Q3 abvc Convertible Promissory Note Value
ConvertiblePromissoryNoteValue
2500000 usd
CY2021Q3 abvc Description Of Public Offering
DescriptionOfPublicOffering
the Company closed its public offering (the “Public Offering”) of 1,100,000 units (the “Units”), with each Unit consisting of one share of the Company’s common stock, one Series A warrant (the “Series A Warrants”) to purchase one share of common stock at an exercise price equal to $6.30 per share, exercisable until the fifth anniversary of the issuance date, and one Series B warrant (the “Series B Warrants,” and together with the Series A Warrants, the “Public Warrants”) to purchase one share of common stock at an exercise price equal to $10.00 per share, exercisable until the fifth anniversary of the issuance date; the exercise price of the Public Warrants are subject to certain adjustment and cashless exercise provisions as described therein. The Company completed the Public Offering pursuant to its registration statement on Form S-1 (File No. 333-255112), originally filed with the Securities and Exchange Commission (the “SEC”) on April 8, 2021 (as amended, the “Original Registration Statement”), that the SEC declared effective on August 2, 2021 and the registration statement on Form S-1 (File No. 333-258404) that was filed and automatically effective on August 4, 2021 (the “S-1MEF,” together with the Original Registration Statement, the “Registration Statement”). The Units were priced at $6.25 per Unit, before underwriting discounts and offering expenses, resulting in gross proceeds of $6,875,000.
CY2021Q4 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
4244452 usd
CY2021Q4 abvc Aggregate Common Stock Shares
AggregateCommonStockShares
673605 shares
CY2021Q4 abvc Consulting Agreement Desciption
ConsultingAgreementDesciption
In November 2021, the Company entered into consulting agreements with service providers for consulting and advisory services, pursuant to which the Company agreed to pay the service fee amounted $1,478,590 by issuing 316,934 shares of unrestricted common shares, valued at the closing price from $2.31 to $6.3 per share on the grant date. These shares have been issued during the year ended December 31, 2021. In January 2022, the Company agreed to pay the deferred service fees related to Public Offering amounted $4,296,763 by issuing 1,306,007 shares of unrestricted common shares, valued at $3.29 per share on the grant date. These shares have been issued in January 2022. 
CY2022Q1 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
75000 shares
CY2022Q1 us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
169500 usd
CY2022Q1 us-gaap Share Price
SharePrice
2.26
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
2.45
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
545182 shares
CY2020Q4 abvc Conversion Price
ConversionPrice
2
CY2020Q4 abvc Consulting Fees
ConsultingFees
1090361 usd
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
545182 shares
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P10Y
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1280002 shares
CY2021Q4 us-gaap Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
3
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P10Y
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.0851 pure
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
2.09
CY2021Q2 abvc Share Based Compensation Arrangement By Share Based Payment Award Options Grants
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrants
$0
CY2022Q2 abvc Share Based Compensation Arrangement By Share Based Payment Award Options Grants
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrants
$0
abvc Share Based Compensation Arrangement By Share Based Payment Award Options Grants
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrants
$0
abvc Share Based Compensation Arrangement By Share Based Payment Award Options Grants
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrants
$0
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
761920 shares
CY2022Q2 us-gaap Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
3
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P10Y
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1858997 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1971566 usd
CY2022Q2 abvc Weightedaverage Shares Outstanding Basic
WeightedaverageSharesOutstandingBasic
31307329
CY2021Q2 abvc Weightedaverage Shares Outstanding Basic
WeightedaverageSharesOutstandingBasic
24421082
CY2022Q2 abvc Weighted Average Number Of Shares Diluted
WeightedAverageNumberOfSharesDiluted
31307329
CY2021Q2 abvc Weighted Average Number Of Shares Diluted
WeightedAverageNumberOfSharesDiluted
24421082
CY2022Q2 abvc Basic Loss Per Share
BasicLossPerShare
-0.06
CY2021Q2 abvc Basic Loss Per Share
BasicLossPerShare
-0.08
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-7854437 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3100071 usd
abvc Weightedaverage Shares Outstanding Basic
WeightedaverageSharesOutstandingBasic
29683402
abvc Weightedaverage Shares Outstanding Basic
WeightedaverageSharesOutstandingBasic
24420804
abvc Weighted Average Number Of Shares Diluted
WeightedAverageNumberOfSharesDiluted
29683402
abvc Weighted Average Number Of Shares Diluted
WeightedAverageNumberOfSharesDiluted
24420804
abvc Basic Loss Per Share
BasicLossPerShare
-0.26
abvc Basic Loss Per Share
BasicLossPerShare
-0.13
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.26
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
1294550 usd
CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
1471899 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
350284 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
347100 usd
CY2022Q2 abvc Operating Lease Liabilitienoncurrent
OperatingLeaseLiabilitienoncurrent
944266 usd
CY2021Q4 abvc Operating Lease Liabilitienoncurrent
OperatingLeaseLiabilitienoncurrent
1124799 usd
CY2022Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
88270 usd
CY2021Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
86280 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
174127 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
165127 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
174127 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
165127 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y3M29D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y10M24D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0137 pure
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0139 pure
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29683402 shares
CY2022Q2 abvc Present Value Of Future Minimum Lease Payment Sale Leaseback Transactions
PresentValueOfFutureMinimumLeasePaymentSaleLeasebackTransactions
1294550 usd
CY2022Q2 abvc Operating Leases Future Minimum Payment Due Current
OperatingLeasesFutureMinimumPaymentDueCurrent
176945 usd
CY2022Q2 abvc Operating Leases Future Minimum Payment Due In Two Years
OperatingLeasesFutureMinimumPaymentDueInTwoYears
358824 usd
CY2022Q2 abvc Operating Leases Future Minimum Payment Due In Three Years
OperatingLeasesFutureMinimumPaymentDueInThreeYears
373899 usd
CY2022Q2 abvc Operating Leases Future Minimum Payment Due In Four Years
OperatingLeasesFutureMinimumPaymentDueInFourYears
338676 usd
CY2022Q2 abvc Operating Leases Future Minimum Payment Due Thereafter
OperatingLeasesFutureMinimumPaymentDueThereafter
56916 usd
CY2022Q2 abvc Operating Leases Future Minimum Payment Due
OperatingLeasesFutureMinimumPaymentDue
1305260 usd
CY2022Q2 abvc Interest Portion Of Minimum Lease Payments Sale Leaseback Transaction
InterestPortionOfMinimumLeasePaymentsSaleLeasebackTransaction
10710 usd
CY2019Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
531147 usd
CY2019Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
188550 usd
CY2019Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
56075 usd
CY2019Q1 abvc Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Operating Lease Right Of Use Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOperatingLeaseRightOfUseAssets
485684 usd
CY2019Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets
10440 usd
CY2019Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
1271896 usd
CY2019Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
56204 usd
CY2019Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
251335 usd
CY2019Q1 abvc Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Operating Lease Liability
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOperatingLeaseLiability
-267256 usd
CY2019Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesOther
2880 usd
CY2019Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
577675 usd
CY2019Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
694221 usd
CY2019Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
43647626 usd
CY2019Q1 abvc Percentage Of Goodwill
PercentageOfGoodwill
1 pure
CY2019Q1 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
43647626 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
usd
CY2022Q2 us-gaap Goodwill
Goodwill
usd
CY2022Q2 us-gaap Interest Income Securities Us Treasury And Other Us Government
InterestIncomeSecuritiesUSTreasuryAndOtherUSGovernment
usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
usd
us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
usd
abvc Repayment Of Long Term Bank Loans
RepaymentOfLongTermBankLoans
usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
abvc Share Of Equity Method Investee Losses
ShareOfEquityMethodInvesteeLosses
usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
1.13 pure
CY2022Q2 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
usd
CY2021Q2 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
usd
us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
usd
us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
usd
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001173313
CY2022Q2 abvc Operating Sublease Income Related Parties
OperatingSubleaseIncomeRelatedParties
usd
CY2022Q2 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
usd

Files In Submission

Name View Source Status
0001213900-22-048113-index-headers.html Edgar Link pending
0001213900-22-048113-index.html Edgar Link pending
0001213900-22-048113.txt Edgar Link pending
0001213900-22-048113-xbrl.zip Edgar Link pending
abvc-20220630.xsd Edgar Link pending
f10q0622ex31-1_abvcbio.htm Edgar Link pending
f10q0622ex31-2_abvcbio.htm Edgar Link pending
f10q0622ex32-1_abvcbio.htm Edgar Link pending
f10q0622ex32-2_abvcbio.htm Edgar Link pending
f10q0622_abvcbio.htm Edgar Link pending
abvc-20220630_cal.xml Edgar Link unprocessable
abvc-20220630_def.xml Edgar Link unprocessable
abvc-20220630_lab.xml Edgar Link unprocessable
abvc-20220630_pre.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
f10q0622_abvcbio_htm.xml Edgar Link completed
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable