2022 Q4 Form 10-Q Financial Statement

#000121390022072317 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $589.0K $42.27K $99.00K
YoY Change 65.54% -57.3% -14.32%
Cost Of Revenue $265.4K $10.74K $390.00
YoY Change 5114.34% 2654.1% -95.48%
Gross Profit $323.6K $31.53K $98.61K
YoY Change -7.74% -68.03% -7.78%
Gross Profit Margin 54.94% 74.59% 99.61%
Selling, General & Admin $1.961M $3.216M $1.806M
YoY Change -82.26% 78.11% 43.06%
% of Gross Profit 605.97% 10200.92% 1831.19%
Research & Development $1.496M $305.5K $263.4K
YoY Change 49.01% 15.97% 95.85%
% of Gross Profit 462.26% 968.93% 267.13%
Depreciation & Amortization $6.440K $6.462K $2.860K
YoY Change 97.55% 125.94% -67.24%
% of Gross Profit 1.99% 20.5% 2.9%
Operating Expenses $3.457M $3.747M $2.069M
YoY Change -71.33% 81.11% 48.15%
Operating Profit -$3.133M -$3.716M -$1.971M
YoY Change -73.24% 88.57% 52.78%
Interest Expense -$358.8K $126.5K -$127.1K
YoY Change 1202.72% -199.55% -85.61%
% of Operating Profit
Other Income/Expense, Net $63.86K -$56.46K $135.8K
YoY Change -87.78% -141.59% 2240.52%
Pretax Income -$3.538M -$3.772M -$1.962M
YoY Change -68.44% 92.28% -9.83%
Income Tax $962.9K $4.222K -$75.67K
% Of Pretax Income
Net Earnings -$4.864M -$3.705M -$1.806M
YoY Change -62.12% 105.09% -2.14%
Net Earnings / Revenue -825.81% -8764.97% -1824.74%
Basic Earnings Per Share -$0.11 -$0.07
Diluted Earnings Per Share -$0.15 -$0.11 -$67.20K
COMMON SHARES
Basic Shares Outstanding 32.63M shares 32.63M shares 26.88M shares
Diluted Shares Outstanding 32.57M shares 26.88M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $161.1K $1.401M $3.827M
YoY Change -97.29% -63.39% 2719.93%
Cash & Equivalents $85.27K $1.324M $3.716M
Short-Term Investments $75.80K $77.58K $111.3K
Other Short-Term Assets $1.457M $933.8K $2.190M
YoY Change -25.29% -57.36% 1775.16%
Inventory $20.49K $60.01K
Prepaid Expenses
Receivables $98.33K $47.68K $473.2K
Other Receivables $513.8K $500.0K $561.1K
Total Short-Term Assets $2.987M $2.903M $7.111M
YoY Change -68.96% -59.17% 503.76%
LONG-TERM ASSETS
Property, Plant & Equipment $574.0K $566.8K $2.082M
YoY Change 9.15% -72.78% -11.37%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $842.1K $816.2K $1.007M
YoY Change -9.72% -18.91% -15.56%
Other Assets $4.291M $4.951M $2.155M
YoY Change 275.62% 129.71% 19.05%
Total Long-Term Assets $6.868M $7.577M $5.244M
YoY Change 68.63% 44.5% -2.01%
TOTAL ASSETS
Total Short-Term Assets $2.987M $2.903M $7.111M
Total Long-Term Assets $6.868M $7.577M $5.244M
Total Assets $9.855M $10.48M $12.35M
YoY Change -28.05% -15.17% 89.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.50K
YoY Change -28.48%
Accrued Expenses $2.910M $1.201M $1.476M
YoY Change 123.68% -18.59% -51.49%
Deferred Revenue $10.99K
YoY Change
Short-Term Debt $1.894M $1.866M $1.637M
YoY Change 15.47% 13.99% -14.98%
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $5.820M $3.894M $3.439M
YoY Change 57.61% 13.24% -43.12%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $104.2K
YoY Change -100.0% -16.26%
Other Long-Term Liabilities $799.8K $893.1K $1.222M
YoY Change -29.56% -26.92% -21.22%
Total Long-Term Liabilities $799.8K $893.1K $1.326M
YoY Change -29.56% -32.66% -20.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.820M $3.894M $3.439M
Total Long-Term Liabilities $799.8K $893.1K $1.326M
Total Liabilities $6.619M $4.787M $3.761M
YoY Change 37.11% 27.3% -46.77%
SHAREHOLDERS EQUITY
Retained Earnings -$54.90M -$50.04M
YoY Change 42.68%
Common Stock $32.86K $32.63K
YoY Change 13.59%
Preferred Stock
YoY Change
Treasury Stock (at cost) $9.100M $9.100M
YoY Change 0.0%
Treasury Stock Shares
Shareholders Equity $3.099M $5.919M $8.594M
YoY Change
Total Liabilities & Shareholders Equity $9.855M $10.48M $12.35M
YoY Change -28.05% -15.17% 89.22%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$4.864M -$3.705M -$1.806M
YoY Change -62.12% 105.09% -2.14%
Depreciation, Depletion And Amortization $6.440K $6.462K $2.860K
YoY Change 97.55% 125.94% -67.24%
Cash From Operating Activities -$461.1K -$513.7K -$2.684M
YoY Change -77.58% -80.86% 716.44%
INVESTING ACTIVITIES
Capital Expenditures $90.00 -$4.350K -$17.50K
YoY Change -75.14%
Acquisitions
YoY Change
Other Investing Activities -$83.20K -$1.519M -$324.9K
YoY Change 100.05% 367.46% -11.19%
Cash From Investing Activities -$83.28K -$1.523M -$342.4K
YoY Change 100.24% 344.83% -6.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -253.5K 603.5K 5.817M
YoY Change -105.96% -89.63% 1211.19%
NET CHANGE
Cash From Operating Activities -461.1K -513.7K -2.684M
Cash From Investing Activities -83.28K -1.523M -342.4K
Cash From Financing Activities -253.5K 603.5K 5.817M
Net Change In Cash -797.9K -1.433M 2.791M
YoY Change -137.02% -151.36% -1211.97%
FREE CASH FLOW
Cash From Operating Activities -$461.1K -$513.7K -$2.684M
Capital Expenditures $90.00 -$4.350K -$17.50K
Free Cash Flow -$461.2K -$509.4K -$2.667M
YoY Change -77.57% -80.9%

Facts In Submission

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CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2021Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26882181 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Depreciation
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us-gaap Depreciation
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us-gaap Allocated Share Based Compensation Expense
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us-gaap Allocated Share Based Compensation Expense
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us-gaap Unrealized Gain Loss On Investments
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us-gaap Increase Decrease In Deferred Income Taxes
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us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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us-gaap Other Noncash Income Expense
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
31909 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Security Deposits
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us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
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us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
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us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
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us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
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us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
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us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
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us-gaap Increase Decrease In Due To Related Parties
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
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us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
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us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap Payments Of Stock Issuance Costs
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us-gaap Proceeds From Short Term Debt
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350000 usd
us-gaap Repayments Of Convertible Debt
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abvc Repayment Of Shortterm Loan
RepaymentOfShorttermLoan
100000 usd
abvc Repayment Of Notes Payable
RepaymentOfNotesPayable
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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
4267425 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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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
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1970147 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4449772 usd
us-gaap Interest Paid Net
InterestPaidNet
161741 usd
us-gaap Interest Paid Net
InterestPaidNet
327642 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
1600 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
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CY2021Q1 abvc Cumulative Transaction Adjustments
CumulativeTransactionAdjustments
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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
CY2021Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
6024571 usd
CY2021Q3 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
2693548 usd
CY2021Q3 abvc Stock Issued During Period Value Share Based Compensation Services
StockIssuedDuringPeriodValueShareBasedCompensationServices
225740 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
-1886244 usd
CY2021Q3 abvc Cumulative Transaction Adjustments
CumulativeTransactionAdjustments
16137 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7589741 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 New Issues
StockIssuedDuringPeriodValueNewIssues
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
CY2022Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
253500 usd
CY2022Q3 abvc Stock Issued During Period Value Share Based Compensation Services
StockIssuedDuringPeriodValueShareBasedCompensationServices
225740 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
-3776524 usd
CY2022Q3 abvc Cumulative Transaction Adjustments
CumulativeTransactionAdjustments
-190019 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5693199 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 Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-11811472 usd
abvc Working Capital
WorkingCapital
991230 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-6937322 usd
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Reclassifications of Prior Year Presentation</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">Certain prior year unaudited consolidated balance sheet and unaudited consolidated cash flow statement amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results of operations.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
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"> </p>
CY2016Q1 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.001
CY2016Q1 us-gaap Excess Stock Shares Authorized
ExcessStockSharesAuthorized
360000000 shares
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1323543 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5828548 usd
CY2022Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
646604 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><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We perform ongoing credit evaluation of our customers and requires no collateral. An allowance for doubtful accounts is provided based on a review of the collectability of accounts receivable. We determine the amount of allowance for doubtful accounts by examining its historical collection experience and current trends in the credit quality of its customers as well as its internal credit policies. Actual credit losses may differ from our estimates<span style="font-family: Times New Roman, Times, Serif">.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022Q3 abvc Impairment Of Equity Investments
ImpairmentOfEquityInvestments
0 usd
abvc Impairment Of Equity Investments
ImpairmentOfEquityInvestments
9 usd
abvc Labour Pension Fund Percentage
LabourPensionFundPercentage
0.06 pure
abvc Percentage Of Monthly Contributions
PercentageOfMonthlyContributions
0.06 pure
CY2022Q3 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
3302 usd
CY2021Q3 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
2906 usd
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
9948 usd
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
8268 usd
CY2022Q3 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
0 usd
CY2021Q3 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
9 usd
CY2021Q3 abvc Stock Based Compensation For Nonemployees
StockBasedCompensationForNonemployees
225740 usd
CY2022Q3 abvc Stock Based Compensation For Nonemployees
StockBasedCompensationForNonemployees
225740 usd
abvc Stock Based Compensation For Nonemployees
StockBasedCompensationForNonemployees
5143483 usd
abvc Stock Based Compensation For Nonemployees
StockBasedCompensationForNonemployees
927220 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
On December 24, 2018, 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.
CY2022Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
93901 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
96725 usd
CY2022Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
62537 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
84620 usd
CY2022Q3 abvc Allowance For Inventory Valuation And Obsolescence Loss
AllowanceForInventoryValuationAndObsolescenceLoss
135949 usd
CY2021Q4 abvc Allowance For Inventory Valuation And Obsolescence Loss
AllowanceForInventoryValuationAndObsolescenceLoss
155370 usd
CY2022Q3 us-gaap Inventory Gross
InventoryGross
20489 usd
CY2021Q4 us-gaap Inventory Gross
InventoryGross
25975 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3855029 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3840352 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3288278 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3314471 usd
CY2022Q3 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
566751 usd
CY2021Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
525881 usd
CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6462 usd
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2856 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
17364 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8725 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="text-align: center; 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="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="text-align: center; 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="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">September 30,</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">December 31,</td><td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; 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; text-align: left; font-weight: bold">Name of related party</td><td style="text-align: center; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2022</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2021</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">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; text-indent: 0pt; margin: 0pt; text-align: justify"> </p>
CY2022Q3 abvc Nonmarketable Cost Method Investments Net
NonmarketableCostMethodInvestmentsNet
816160 usd
CY2021Q4 abvc Nonmarketable Cost Method Investments Net
NonmarketableCostMethodInvestmentsNet
932755 usd
CY2022Q3 us-gaap Equity Method Investments
EquityMethodInvestments
816160 usd
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
932755 usd
abvc Purchase Additional Shares
PurchaseAdditionalShares
317000 shares
CY2022Q3 us-gaap Temporary Equity Aggregate Amount Of Redemption Requirement
TemporaryEquityAggregateAmountOfRedemptionRequirement
599130 usd
CY2021Q4 us-gaap Temporary Equity Aggregate Amount Of Redemption Requirement
TemporaryEquityAggregateAmountOfRedemptionRequirement
684720 usd
CY2021 abvc Total Amount
TotalAmount
465000 usd
CY2021Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.065 pure
abvc Total Amount
TotalAmount
1365000 usd
CY2022Q3 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.065 pure
us-gaap Federal Home Loan Bank Advances Activity For Year Average Balance Of Agreements Outstanding
FederalHomeLoanBankAdvancesActivityForYearAverageBalanceOfAgreementsOutstanding
1830000 usd
CY2021 us-gaap Federal Home Loan Bank Advances Activity For Year Average Balance Of Agreements Outstanding
FederalHomeLoanBankAdvancesActivityForYearAverageBalanceOfAgreementsOutstanding
465000 usd
CY2022Q3 us-gaap Financing Receivable Accrued Interest After Allowance For Credit Loss
FinancingReceivableAccruedInterestAfterAllowanceForCreditLoss
81404 usd
CY2021Q4 us-gaap Financing Receivable Accrued Interest After Allowance For Credit Loss
FinancingReceivableAccruedInterestAfterAllowanceForCreditLoss
2325 usd
CY2022Q3 abvc Capital Leases Contingent Rental Payment Due
CapitalLeasesContingentRentalPaymentDue
75824 usd
CY2021Q4 abvc Capital Leases Contingent Rental Payment Due
CapitalLeasesContingentRentalPaymentDue
1110 usd
abvc Aggregate Amount
AggregateAmount
2586658 usd
CY2021 abvc Aggregate Amount
AggregateAmount
1153155 usd
abvc Share Of Equity Method Investee Losses
ShareOfEquityMethodInvesteeLosses
-193147 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
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
CY2022Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
1866250 usd
CY2021Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
1640000 usd
CY2021Q3 abvc Principal Amount
principalAmount
7500000 twd
CY2021Q3 abvc Principal Amount
principalAmount
236250 usd
CY2021Q3 us-gaap Debt Instrument Term
DebtInstrumentTerm
P1Y
CY2022Q3 abvc Principal Amount
principalAmount
7500000 twd
CY2022Q3 abvc Principal Amount
principalAmount
236250 usd
CY2022Q3 us-gaap Debt Instrument Term
DebtInstrumentTerm
P1Y
CY2017Q3 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2019-07-18
CY2022Q1 abvc Principal Amount
principalAmount
20000000 twd
CY2022Q1 abvc Principal Amount
principalAmount
630000 usd
CY2022Q3 abvc Principal Amount
principalAmount
20000000 twd
CY2022Q3 abvc Principal Amount
principalAmount
630000 usd
CY2019Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
1000000 usd
CY2020Q2 abvc Received Loan Amount
ReceivedLoanAmount
350000 usd
CY2020Q4 abvc Received Loan Amount
ReceivedLoanAmount
350000 usd
CY2021Q4 abvc Principal Amount
principalAmount
650000 usd
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 $94,500, for working capital purpose.
CY2022Q3 us-gaap Other Notes Payable
OtherNotesPayable
0 usd
CY2021Q4 us-gaap Other Notes Payable
OtherNotesPayable
0 usd
CY2022Q3 us-gaap Interest Expense Other
InterestExpenseOther
0 usd
CY2021Q3 us-gaap Interest Expense Other
InterestExpenseOther
2142 usd
us-gaap Interest Expense Other
InterestExpenseOther
0 usd
us-gaap Interest Expense Other
InterestExpenseOther
8568 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
CY2021Q4 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
145399 usd
CY2022Q3 us-gaap Due From Other Related Parties Current
DueFromOtherRelatedPartiesCurrent
500000 usd
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
16670 usd
CY2022Q3 us-gaap Due From Other Related Parties Noncurrent
DueFromOtherRelatedPartiesNoncurrent
1190255 usd
CY2021Q4 us-gaap Due From Other Related Parties Noncurrent
DueFromOtherRelatedPartiesNoncurrent
818183 usd
CY2022Q3 abvc Aggregate Principal Amount
AggregatePrincipalAmount
500000 usd
CY2021Q4 abvc Aggregate Principal Amount
AggregatePrincipalAmount
0 usd
CY2022Q3 us-gaap Government Assistance Amount Cumulative Noncurrent
GovernmentAssistanceAmountCumulativeNoncurrent
1480 usd
us-gaap Debt Instrument Convertible Threshold Percentage Of Stock Price Trigger
DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger
0.12 pure
us-gaap Assets Average Outstanding
AssetsAverageOutstanding
501480 usd
CY2021 us-gaap Assets Average Outstanding
AssetsAverageOutstanding
33520 usd
CY2022Q2 abvc Convertible Loan
ConvertibleLoan
500000 usd
CY2022Q2 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
1000000 usd
CY2022Q2 abvc Bears Interest
BearsInterest
0.05 pure
CY2022Q2 abvc Working Capital Percentage
WorkingCapitalPercentage
0.064 pure
abvc Conversion Price Description
ConversionPriceDescription
The Company may convert the Note at any time into shares of Rgene’s common stock at either (i) a fixed conversion price equal to $1.00 per share or (ii) 20% discount of the stock price of the then most recent offering, whichever is lower; the conversion price is subject to adjustment as set forth in the Note. The Note includes standard events of default, as well as a cross default provision pursuant to which a breach of the Service Agreement will trigger an event of default under the convertible note if not cured after 5 business days of written notice regarding the breach is provided.
CY2022Q3 us-gaap Due From Affiliate Noncurrent
DueFromAffiliateNoncurrent
0 usd
CY2021Q4 us-gaap Due From Affiliate Noncurrent
DueFromAffiliateNoncurrent
1889 usd
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
CY2022Q3 us-gaap Due From Employees Noncurrent
DueFromEmployeesNoncurrent
0 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="white-space: nowrap; text-align: center"> </td><td style="white-space: nowrap; font-weight: bold"> </td> <td colspan="2" style="white-space: nowrap; font-weight: bold; text-align: center">September 30,</td><td style="white-space: nowrap; font-weight: bold"> </td><td style="white-space: nowrap; font-weight: bold"> </td> <td colspan="2" style="white-space: nowrap; font-weight: bold; text-align: center">December 31,</td><td style="white-space: nowrap; 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">146,790</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-left: 0.125in; padding-bottom: 4pt">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">451,826</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; text-indent: 0pt; margin: 0pt; text-align: justify"> </p>
CY2022Q3 abvc Due To Related Party Current And Noncurrent
DueToRelatedPartyCurrentAndNoncurrent
451826 usd
CY2021Q4 abvc Due To Related Party Current And Noncurrent
DueToRelatedPartyCurrentAndNoncurrent
393424 usd
CY2022Q3 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.
CY2022Q3 abvc Outstanding Principal And Accrued Interest
OutstandingPrincipalAndAccruedInterest
146790 usd
CY2021Q4 abvc Outstanding Principal And Accrued Interest
OutstandingPrincipalAndAccruedInterest
168131 usd
CY2022Q3 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
5208 usd
CY2021Q3 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
5679 usd
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
15922 usd
us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-187055 usd
CY2022Q3 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
800 usd
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1600 usd
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
800 usd
CY2022Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
800 usd
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1600 usd
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
800 usd
CY2022Q3 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
3422 usd
CY2021Q3 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-75667 usd
us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-166696 usd
CY2022Q3 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
3422 usd
CY2021Q3 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-75667 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-166696 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-187055 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4222 usd
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-75667 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-165096 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-186255 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
648716 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
741390 usd
CY2022Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
402245 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
283725 usd
us-gaap Investment Tax Credit
InvestmentTaxCredit
610914 usd
CY2021 us-gaap Investment Tax Credit
InvestmentTaxCredit
698187 usd
CY2022Q3 us-gaap Other Deferred Costs Gross
OtherDeferredCostsGross
1661875 usd
CY2021Q4 us-gaap Other Deferred Costs Gross
OtherDeferredCostsGross
1723302 usd
CY2022Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
648716 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
741390 usd
CY2022Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1013159 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
981912 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
On May 6, 2016, 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 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
In February 2017, 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).
CY2019Q2 abvc Financial Amendment Description
FinancialAmendmentDescription
On May 3, 2019, 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
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us-gaap Professional Fees
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7
CY2019Q3 abvc Debt Conversion Converted Instrument Amount
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SharePrice
5
CY2020Q4 abvc Warrant Issued
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2.25
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ConvertiblePromissoryNoteValue
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CY2021Q3 abvc Description Of Public Offering
DescriptionOfPublicOffering
On August 5, 2021, 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
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4244452 usd
CY2021Q4 abvc Aggregate Common Stock Shares
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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
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StockIssuedDuringPeriodValueNewIssues
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us-gaap Professional And Contract Services Expense
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abvc Warrants Term
WarrantsTerm
P5Y
us-gaap Stock Issued During Period Shares Other
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
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ConversionPrice
2
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P10Y
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022Q3 abvc Weightedaverage Shares Outstanding Basic
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32574551
CY2021Q3 abvc Weightedaverage Shares Outstanding Basic
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abvc Weightedaverage Shares Outstanding Basic
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abvc Weighted Average Number Of Shares Diluted
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OperatingLeaseRightOfUseAssetAmortizationExpense
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OperatingLeaseLiability
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CY2019Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
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CY2019Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
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CY2019Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
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CY2019Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets
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CY2019Q1 abvc Percentage Of Goodwill
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1 pure
CY2019Q1 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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43647626 usd
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CY2022Q3 us-gaap Goodwill
Goodwill
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CY2022Q3 us-gaap Current Federal Tax Expense Benefit
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CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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dei Amendment Flag
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dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
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dei Entity Central Index Key
EntityCentralIndexKey
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