2022 Q3 Form 10-Q Financial Statement

#000154972722000067 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $25.48K $10.81K $1.060K
YoY Change -84.34% -83.61% -64.78%
Cost Of Revenue $28.81K $8.940K $950.00
YoY Change -37.44% -96.27%
Gross Profit -$3.332K $1.870K $110.00
YoY Change -102.86% -101.08% -96.35%
Gross Profit Margin -13.08% 17.3% 10.38%
Selling, General & Admin $283.0K $331.8K $232.6K
YoY Change -36.41% -6.13% 2.7%
% of Gross Profit 17744.39% 211418.18%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.803K $5.458K $1.860K
YoY Change -65.61% -49.37% -84.44%
% of Gross Profit 291.87% 1690.91%
Operating Expenses $283.0K $331.8K $232.6K
YoY Change -36.41% 53.87% 2.7%
Operating Profit -$286.3K -$329.9K -$232.5K
YoY Change -12.81% -15.24% 4.04%
Interest Expense $819.00 -$7.072K -$13.57K
YoY Change -844.55% -212.15% 1270.71%
% of Operating Profit
Other Income/Expense, Net $1.965K -$8.214K $61.61K
YoY Change 58.47% -101.55% -623.89%
Pretax Income -$288.3K -$321.7K -$186.4K
YoY Change -30.84% -65.06% -79.23%
Income Tax $10.00
% Of Pretax Income
Net Earnings -$288.3K -$321.7K -$186.4K
YoY Change -24.67% -65.06% -79.23%
Net Earnings / Revenue -1131.57% -2976.24% -17586.13%
Basic Earnings Per Share -$0.01 -$0.01 -$0.01
Diluted Earnings Per Share -$11.16K -$11.68K -$6.854K
COMMON SHARES
Basic Shares Outstanding 25.55M shares 25.55M shares 25.56M shares
Diluted Shares Outstanding 25.55M shares 25.55M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $57.82K $91.27K $839.4K
YoY Change -5.78% -38.59% 41.71%
Cash & Equivalents $57.82K $91.27K $839.4K
Short-Term Investments
Other Short-Term Assets $112.9K $81.13K $294.6K
YoY Change -71.4% -85.72% -37.17%
Inventory $1.461M $1.294M $182.7K
Prepaid Expenses $249.6K $247.1K
Receivables $881.00 $930.00
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.881M $1.714M $1.318M
YoY Change 310.95% 133.91% 23.46%
LONG-TERM ASSETS
Property, Plant & Equipment $72.46K $80.61K $783.1K
YoY Change -80.95% -67.27% 232.44%
Goodwill
YoY Change
Intangibles $6.237K $7.307K
YoY Change
Long-Term Investments $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Other Assets $28.49K $32.50K $35.88K
YoY Change -33.02% -31.55%
Total Long-Term Assets $687.5K $764.3K $819.0K
YoY Change 80.73% 210.37% 247.67%
TOTAL ASSETS
Total Short-Term Assets $1.881M $1.714M $1.318M
Total Long-Term Assets $687.5K $764.3K $819.0K
Total Assets $2.568M $2.479M $2.137M
YoY Change 206.45% 153.14% 64.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $625.4K $644.2K $16.01K
YoY Change 660.42% 1439.68% -60.85%
Accrued Expenses $93.09K $69.51K $267.3K
YoY Change 269.4% 286.17% 769.95%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.047M $2.672M $1.882M
YoY Change 137.55% 133.94% 22.45%
LONG-TERM LIABILITIES
Long-Term Debt $87.50K $87.50K $87.50K
YoY Change 0.0% 0.0% 0.0%
Other Long-Term Liabilities $263.4K $276.2K $395.1K
YoY Change 28371.13% 15453.15%
Total Long-Term Liabilities $350.9K $363.7K $482.6K
YoY Change 300.97% 311.07% 435.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.047M $2.672M $1.882M
Total Long-Term Liabilities $350.9K $363.7K $482.6K
Total Liabilities $3.397M $3.036M $2.263M
YoY Change 247.39% 219.51% 61.2%
SHAREHOLDERS EQUITY
Retained Earnings -$4.624M -$4.339M
YoY Change
Common Stock $25.55K $25.55K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$829.0K -$432.5K -$126.0K
YoY Change
Total Liabilities & Shareholders Equity $2.568M $2.479M $2.137M
YoY Change 206.45% 153.14% 64.0%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$288.3K -$321.7K -$186.4K
YoY Change -24.67% -65.06% -79.23%
Depreciation, Depletion And Amortization $3.803K $5.458K $1.860K
YoY Change -65.61% -49.37% -84.44%
Cash From Operating Activities -$222.7K -$506.6K $656.6K
YoY Change 136.46% 1.24% -237.39%
INVESTING ACTIVITIES
Capital Expenditures $2.690K -$45.98K $0.00
YoY Change -101.86% 153.05%
Acquisitions
YoY Change
Other Investing Activities -$1.580K -$18.40K $121.8K
YoY Change -139.8% -130.53% -321.21%
Cash From Investing Activities $1.100K -$64.38K $121.8K
YoY Change -100.78% -252.96% -321.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 155.8K -192.2K -24.84K
YoY Change 5.14% -794.19% -104.0%
NET CHANGE
Cash From Operating Activities -222.7K -506.6K 656.6K
Cash From Investing Activities 1.100K -64.38K 121.8K
Cash From Financing Activities 155.8K -192.2K -24.84K
Net Change In Cash -65.74K -763.2K 753.6K
YoY Change -24.39% 77.24% 763.41%
FREE CASH FLOW
Cash From Operating Activities -$222.7K -$506.6K $656.6K
Capital Expenditures $2.690K -$45.98K $0.00
Free Cash Flow -$225.4K -$460.6K $656.6K
YoY Change -543.71% -4.48% -237.39%

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CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-854940 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-477520 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1746589 usd
CY2022Q2 vivc Earnings Per Share Basic And Diluted1
EarningsPerShareBasicAndDiluted1
-0.01
CY2021Q2 vivc Earnings Per Share Basic And Diluted1
EarningsPerShareBasicAndDiluted1
-0.03
vivc Earnings Per Share Basic And Diluted1
EarningsPerShareBasicAndDiluted1
-0.02
vivc Earnings Per Share Basic And Diluted1
EarningsPerShareBasicAndDiluted1
-0.07
CY2022Q2 vivc Weighted Average Number Of Share Outstanding Basic And Diluted1
WeightedAverageNumberOfShareOutstandingBasicAndDiluted1
25546810 shares
CY2021Q2 vivc Weighted Average Number Of Share Outstanding Basic And Diluted1
WeightedAverageNumberOfShareOutstandingBasicAndDiluted1
25284948 shares
vivc Weighted Average Number Of Share Outstanding Basic And Diluted1
WeightedAverageNumberOfShareOutstandingBasicAndDiluted1
25552004 shares
vivc Weighted Average Number Of Share Outstanding Basic And Diluted1
WeightedAverageNumberOfShareOutstandingBasicAndDiluted1
24947162 shares
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
148010 usd
CY2021Q1 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
1125331 usd
CY2021Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-5488 usd
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-897307 usd
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
370546 usd
CY2021Q2 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
972065 usd
CY2021Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
8377 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-920736 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
430252 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-97391 usd
CY2022Q1 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
52000 usd
CY2022Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
4185 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-186413 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-227619 usd
CY2022Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-8118 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-321732 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-557469 usd
us-gaap Net Income Loss
NetIncomeLoss
-508145 usd
us-gaap Net Income Loss
NetIncomeLoss
-1818043 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
7743 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
22090 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
89649 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
17082 usd
us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
11685 usd
us-gaap Interest And Debt Expense
InterestAndDebtExpense
6630 usd
us-gaap Interest And Debt Expense
InterestAndDebtExpense
7343 usd
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-60336 usd
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
32486 usd
vivc Loss On Loan Settlement
LossOnLoanSettlement
2000 usd
vivc Loss On Loan Settlement
LossOnLoanSettlement
1170309 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
47 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-15182 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-153814 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-174734 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
108342 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-28074 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1129957 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-23707 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
6451 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-64560 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
1019033 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
19760 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
624938 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
29938 usd
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
263726 usd
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
54028 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-25000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-137964 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-71849 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
150028 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-868113 usd
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
55567 usd
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
120764 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-166700 usd
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
7734 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
45977 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
62895 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
57422 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-183659 usd
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-267056 usd
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-234034 usd
us-gaap Proceeds From Loans
ProceedsFromLoans
50000 usd
us-gaap Proceeds From Loans
ProceedsFromLoans
927087 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-217056 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
693053 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
20574 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
174 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
10968 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-358545 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
80306 usd
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
504179 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
91274 usd
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
145634 usd
us-gaap Interest Paid Net
InterestPaidNet
67 usd
us-gaap Interest Paid Net
InterestPaidNet
490 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
9 usd
vivc Conversion Of Debt To Common Stock To Be Issued
ConversionOfDebtToCommonStockToBeIssued
52000 usd
vivc Conversion Of Debt To Common Stock To Be Issued
ConversionOfDebtToCommonStockToBeIssued
2097396 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84B_eus-gaap--UseOfEstimates_zXsdd3AZGw6k" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0pt"/><td style="width: 0.3in; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_86B_zBByqUEbHgMa">Use of estimates</span></span></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In preparing these unaudited condensed consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheet and revenues and expenses during the periods reported. Actual results may differ from these estimates.</span></p>
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
427 usd
vivc Trade And Other Accounts Receivable Policy.
TradeAndOtherAccountsReceivablePolicy.
<p id="xdx_84B_ecustom--TradeAndOtherAccountsReceivablePolicy._zAZiF14jI9Tc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0pt"/><td style="width: 0.3in; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_863_zPAx5TgSEzei">Accounts receivable</span></span></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accounts receivable are recorded at the invoiced amount and do not bear interest, which are due within contractual payment terms, generally 30 to 90 days from completion of service. Credit is extended based on evaluation of a customer’s financial condition, the customer credit-worthiness and their payment history. Accounts receivable outstanding longer than the contractual payment terms are considered past due. Past due balances over 90 days and over a specified amount are reviewed individually for collectability. At the end of fiscal year, the Company specifically evaluates individual customer’s financial condition, credit history, and the current economic conditions to monitor the progress of the collection of accounts receivables. The Company will consider the allowance for doubtful accounts for any estimated losses resulting from the inability of its customers to make required payments. For the receivables that are past due or not being paid according to payment terms, the appropriate actions are taken to exhaust all means of collection, including seeking legal resolution in a court of law. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. The Company does not have any off-balance-sheet credit exposure related to its customers. As of June 30, 2022 and December 31, 2021, there was no allowance for doubtful accounts.</span></p>
vivc Disclosure Summary Of Significant Accounting Policies Details Abstract
DisclosureSummaryOfSignificantAccountingPoliciesDetailsAbstract
<table cellpadding="0" cellspacing="0" id="xdx_888_ecustom--DisclosureSummaryOfSignificantAccountingPoliciesDetailsAbstract_zQwxcMjiQn32" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 58%; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 3%; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td id="xdx_48C_eus-gaap--FiniteLivedIntangibleAssetUsefulLife_dt_zB1EqO06TE4d" style="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; width: 21%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Expected useful life</span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 17%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_413_20220101__20220630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ServiceYachtMember_zApQI8mHMVye" style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Service yacht</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">10 years</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_412_20220101__20220630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--VehiclesMember_zP33VcLqla02" style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Motor vehicle</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">5 years</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr id="xdx_41B_20220101__20220630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--OfficeEquipmentMember_z5Ntd7AjfZs5" style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Office equipment</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">5 years</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> </table>
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
427 usd
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
156829 usd
vivc Disclosure Summary Of Significant Accounting Policies Details2 Abstract
DisclosureSummaryOfSignificantAccountingPoliciesDetails2Abstract
<table cellpadding="0" cellspacing="0" id="xdx_88B_ecustom--DisclosureSummaryOfSignificantAccountingPoliciesDetails2Abstract_zN5wbpkZl6xg" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%" summary="xdx: Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2)"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20220630_zcxVOpmcfgBl" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">June 30, 2022</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49E_20211231_zw962VNceIRg" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">December 31, 2021</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40E_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_hus-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--PeriodEndRMBUSExchangeRateMember_zFThn96KPYIh" style="vertical-align: bottom"> <td style="width: 74%; text-align: left">Period/year-end RMB:US$ exchange rate</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 8%; text-align: right">6.6977</td><td style="white-space: nowrap; width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 8%; text-align: right">6.3588</td><td style="white-space: nowrap; width: 1%; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_hus-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--PeriodAverageRMBUSExchangeRateMember_zgx8X6ojpZpd" style="vertical-align: bottom"> <td style="text-align: left">Period/annual average RMB:US$ exchange rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6.4787</td><td style="white-space: nowrap; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6.4499</td><td style="white-space: nowrap; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_hus-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--PeriodEndHKUSExchangeRateMember_zbaiUixTuptj" style="vertical-align: bottom"> <td style="text-align: left">Period/year-end HK$:US$ exchange rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7.8467</td><td style="white-space: nowrap; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7.7971</td><td style="white-space: nowrap; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_hus-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--PeriodAverageHKUSExchangeRateMember_zWfOwGG2tB3h" style="vertical-align: bottom"> <td style="text-align: left">Period/annual average HK$:US$ exchange rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7.8257</td><td style="white-space: nowrap; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7.7723</td><td style="white-space: nowrap; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_hus-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--PeriodEndTWDUSExchangeRateMember_zA1gNVG4hHLj" style="vertical-align: bottom"> <td style="text-align: left">Period/year-end TWD:US$ exchange rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29.7404</td><td style="white-space: nowrap; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">27.6879</td><td style="white-space: nowrap; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_hus-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--PeriodAverageTWDUSExchangeRateMember_zJUW2nUWfkTj" style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 2.5pt">Period/annual average TWD:US$ exchange rate</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">28.7168</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">27.9194</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 usd
CY2022Q2 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
477690 usd
CY2021Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
203847 usd
CY2021Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
469748 usd
us-gaap Preferred Stock Voting Rights
PreferredStockVotingRights
Each Preferred Share is entitled to fifty (50) votes
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_84D_eus-gaap--ConcentrationRiskCreditRisk_zTOheNp6Mkp" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0pt"/><td style="width: 0.3in; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_869_zE96nK6YyJVc">Concentrations and credit risk</span></span></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s principal financial instruments subject to potential concentration of credit risk are cash and cash equivalents, including amounts held in money market accounts. The Company places cash deposits with a federally insured financial institution. The Company maintains its cash at banks and financial institutions it considers to be of high credit quality; however, the Company’s domestic cash deposits may at times exceed the Federal Deposit Insurance Corporation’s insured limit. Balances in excess of federally insured limitations may not be insured. The Company has not experienced losses on these accounts, and management believes that the Company is not exposed to significant risks on such accounts.</span></p>
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
25556810 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
25556810 shares
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
91274 usd
CY2022Q2 vivc Working Capital Deficit
WorkingCapitalDeficit
958081 usd
us-gaap Net Income Loss
NetIncomeLoss
-508145 usd
us-gaap Finance Lease Impairment Loss
FinanceLeaseImpairmentLoss
60336 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
100747 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
105878 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
20141 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
13521 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
80606 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
92357 usd
CY2022Q2 us-gaap Depreciation
Depreciation
5458 usd
CY2021Q1 us-gaap Depreciation
Depreciation
11954 usd
us-gaap Depreciation
Depreciation
7316 usd
us-gaap Depreciation
Depreciation
22090 usd
vivc Disclosure Intangible Assets Details Abstract
DisclosureIntangibleAssetsDetailsAbstract
<table cellpadding="0" cellspacing="0" id="xdx_88A_ecustom--DisclosureIntangibleAssetsDetailsAbstract_zGAdMx34tgcg" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%" summary="xdx: Disclosure - INTANGIBLE ASSETS (Details)"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_496_20220630_zqA8wi9vK0pd" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">June 30, 2022</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20211231_zJeYK4dFHZOa" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">December 31, 2021</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: center"> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: center"> </td><td> </td></tr> <tr id="xdx_40F_eus-gaap--FiniteLivedIntangibleAssetsGross_iI_hus-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--ComputerSoftwareIntangibleAssetMember_zvXeBjdYTYFa" style="vertical-align: bottom"> <td style="width: 64%; text-align: justify; padding-bottom: 1pt">Software</td><td style="width: 3%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 8%; text-align: right">7,734</td><td style="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 3%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left">$</td><td style="border-bottom: Black 1pt solid; width: 8%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0708">-</span></td><td style="white-space: nowrap; width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--FiniteLivedIntangibleAssetsGross_iI_maIANEGz8ad_zLAGMUg2OAub" style="vertical-align: bottom"> <td style="text-align: justify">Total intangible assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7,734</td><td style="white-space: nowrap; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0711">-</span></td><td style="white-space: nowrap; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--FiniteLivedIntangibleAssetsAccumulatedAmortization_iI_msIANEGz8ad_zR2GOtJblGac" style="vertical-align: bottom"> <td style="text-align: justify; padding-bottom: 1pt">Less: accumulated amortization</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(427</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0714">-</span></td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify; padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--IntangibleAssetsNetExcludingGoodwill_iTI_mtIANEGz8ad_ziYmu1IQCIRg" style="vertical-align: bottom"> <td style="text-align: justify; padding-bottom: 2.5pt">Intangible assets, net</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">7,307</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0717">-</span></td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
7734 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-427 usd
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
7307 usd
CY2022Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
247140 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
105011 usd
CY2022Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
247140 usd
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
105011 usd
vivc Disclosure Inventory Details Abstract
DisclosureInventoryDetailsAbstract
<table cellpadding="0" cellspacing="0" id="xdx_88C_ecustom--DisclosureInventoryDetailsAbstract_zBTGWF7FQWU5" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%" summary="xdx: Disclosure - INVENTORY (Details)"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20220630_zPyPiVGokPfb" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">June 30, 2022</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20211231_z6FvzXrfF5k4" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">December 31, 2021</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: center"> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: center"> </td><td> </td></tr> <tr id="xdx_407_eus-gaap--InventoryRawMaterialsAndSupplies_iI_maINz4Li_zUtTXTJj8e8b" style="vertical-align: bottom"> <td style="width: 64%; text-align: left">Raw materials</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">6,727</td><td style="white-space: nowrap; width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0746">-</span></td><td style="white-space: nowrap; width: 1%; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--InventoryWorkInProcess_iI_maINz4Li_zcW1dPtjvzwj" style="vertical-align: bottom"> <td>Work-in-progress</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">248,132</td><td style="white-space: nowrap; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">106,723</td><td style="white-space: nowrap; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--InventoryFinishedGoods_iI_maINz4Li_zd0V5KCqPgP1" style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt">Finished goods</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,039,073</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">57,252</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="white-space: nowrap; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="white-space: nowrap; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--InventoryNet_iTI_mtINz4Li_zC4Jv2MEroTe" style="vertical-align: bottom"> <td style="padding-bottom: 2.5pt"><span style="display: none">Inventory</span></td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,293,932</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">163,975</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>
CY2022Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
6727 usd
CY2022Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
248132 usd
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
106723 usd
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1039073 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
57252 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
1293932 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
163975 usd
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
69510 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
47018 usd
CY2022Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
408180 usd
vivc Disclosure Leases Details Abstract
DisclosureLeasesDetailsAbstract
<table cellpadding="0" cellspacing="0" id="xdx_88F_ecustom--DisclosureLeasesDetailsAbstract_zpyx4LQQ1ET7" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - LEASES (Details)"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_496_20220630_zyjDInT4VMLd" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">June 30, 2022</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_496_20211231_zsdwhAq8rxXa" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center">December 31, 2021</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; text-align: center"> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: center"> </td><td> </td></tr> <tr id="xdx_40C_eus-gaap--OperatingLeaseRightOfUseAsset_iI_zNT2ioFGGui2" style="vertical-align: bottom"> <td style="width: 74%; text-align: left; padding-bottom: 2.5pt">Right of use assets</td><td style="width: 3%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 8%; text-align: right">421,903</td><td style="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 3%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 8%; text-align: right">534,231</td><td style="white-space: nowrap; width: 1%; padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="white-space: nowrap; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="white-space: nowrap; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--FinanceLeaseLiabilityCurrent_iI_maCzcK3_zxGoPbWZd1nb" style="vertical-align: bottom"> <td style="text-align: left">Current portion</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">124,374</td><td style="white-space: nowrap; text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">141,725</td><td style="white-space: nowrap; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--FinanceLeaseLiabilityNoncurrent_iI_maCzcK3_zgmne2jzdcAg" style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt">Non-current portion</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">276,169</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">422,948</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="white-space: nowrap; text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="white-space: nowrap; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--FinanceLeaseLiability_iTI_mtCzcK3_zUup5ROJwJEb" style="vertical-align: bottom"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">400,543</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">564,673</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
421903 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
534231 usd
CY2022Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
124374 usd
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
141725 usd
CY2022Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
276169 usd
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
422948 usd
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
400543 usd
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
564673 usd
vivc Disclosure Leases Details2 Abstract
DisclosureLeasesDetails2Abstract
<table cellpadding="0" cellspacing="0" id="xdx_883_ecustom--DisclosureLeasesDetails2Abstract_zueaomdoJ7Pf" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - LEASES (Details 2)"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; white-space: nowrap; font-weight: bold; text-align: left">For the twelve months ending June 30,</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20220630_zlZF9Dmj7d1i" style="border-bottom: Black 1pt solid; white-space: nowrap; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Operating<br/> Leases</b></span></p></td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40C_eus-gaap--OperatingLeasesFutureMinimumPaymentsDueCurrent_iI_pp0p0_maOLFMPzokP_zLrAkFN3wwC" style="vertical-align: bottom"> <td style="width: 87%; text-align: left">2023</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">124,374</td><td style="white-space: nowrap; width: 1%; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--OperatingLeasesFutureMinimumPaymentsDueInTwoYears_iI_pp0p0_maOLFMPzokP_z70q6GOYDjb8" style="vertical-align: bottom"> <td style="text-align: left">2024</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">133,343</td><td style="white-space: nowrap; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--OperatingLeasesFutureMinimumPaymentsDueInThreeYears_iI_pp0p0_maOLFMPzokP_zM1jl4qpIRk" style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt">2025</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">142,826</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--OperatingLeasesFutureMinimumPaymentsDue_iTI_pp0p0_mtOLFMPzokP_z8xyNt9MFGja" style="vertical-align: bottom"> <td style="padding-left: 8.65pt; text-align: left">Total lease payments</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">400,543</td><td style="white-space: nowrap; text-align: left"> </td></tr> </table>
CY2022Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
124374 usd
CY2022Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
133343 usd
CY2022Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
142826 usd
CY2022Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
400543 usd
vivc Weighted Average Number Of Share Outstanding Basic And Diluted1
WeightedAverageNumberOfShareOutstandingBasicAndDiluted1
24947162 shares
CY2022Q2 vivc Earnings Per Share Basic And Diluted1
EarningsPerShareBasicAndDiluted1
-0.01
CY2021Q2 vivc Earnings Per Share Basic And Diluted1
EarningsPerShareBasicAndDiluted1
-0.03
vivc Earnings Per Share Basic And Diluted1
EarningsPerShareBasicAndDiluted1
-0.02
vivc Earnings Per Share Basic And Diluted1
EarningsPerShareBasicAndDiluted1
-0.07
CY2022Q2 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
202692 usd
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
70000000 shares
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
832000 shares
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
832000 shares
CY2022Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
832000 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
832000 shares
CY2022Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
-50000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-2000 usd
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
25546810 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
25546810 shares
vivc Disclosure Net Loss Per Share Of Common Stock Details Abstract
DisclosureNetLossPerShareOfCommonStockDetailsAbstract
<table cellpadding="0" cellspacing="0" id="xdx_889_ecustom--DisclosureNetLossPerShareOfCommonStockDetailsAbstract_z6Gc9IzhJdG5" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - NET LOSS PER SHARE OF COMMON STOCK (Details)"> <tr style="vertical-align: bottom"> <td style="padding-left: 8.65pt; white-space: nowrap; text-align: left; text-indent: -8.65pt"/><td style="font-weight: bold; padding-bottom: 1pt"/> <td style="white-space: nowrap; font-weight: bold; text-align: center"/> <td id="xdx_49E_20220401__20220630_zdpBXq1LIh39" style="white-space: nowrap; font-weight: bold; text-align: center"/> <td style="white-space: nowrap; font-weight: bold; text-align: center"/> <td style="white-space: nowrap; font-weight: bold; text-align: center"/> <td style="white-space: nowrap; font-weight: bold; text-align: center"/> <td id="xdx_495_20210401__20210630_zsFRk3jadOxj" style="white-space: nowrap; font-weight: bold; text-align: center"/><td style="padding-bottom: 1pt; font-weight: bold"/><td style="font-weight: bold; padding-bottom: 1pt"/> <td style="white-space: nowrap; font-weight: bold; text-align: center"/> <td id="xdx_497_20220101__20220630_zWiByXvN3Jw4" style="white-space: nowrap; font-weight: bold; text-align: center"/> <td style="white-space: nowrap; font-weight: bold; text-align: center"/> <td style="white-space: nowrap; font-weight: bold; text-align: center"/> <td style="white-space: nowrap; font-weight: bold; text-align: center"/> <td id="xdx_493_20210101__20210630_zFFBUylY1fg3" style="white-space: nowrap; font-weight: bold; text-align: center"/><td style="padding-bottom: 1pt; font-weight: bold"/></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 8.65pt; white-space: nowrap; text-align: left; text-indent: -8.65pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; white-space: nowrap; font-weight: bold; text-align: center">For the three months ended June 30,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; white-space: nowrap; font-weight: bold; text-align: center">For the six months ended June 30,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 8.65pt; white-space: nowrap; text-align: left; text-indent: -8.65pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; font-weight: bold; text-align: center">2022</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; font-weight: bold; text-align: center">2021</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; font-weight: bold; text-align: center">2022</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; white-space: nowrap; font-weight: bold; text-align: center">2021</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 8.65pt; white-space: nowrap; text-align: left; text-indent: -8.65pt"> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="white-space: nowrap; text-align: center"> </td><td> </td></tr> <tr id="xdx_40A_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_zMZW2a7QmyA" style="vertical-align: bottom"> <td style="padding-left: 8.65pt; width: 60%; text-align: left; text-indent: -8.65pt">Net loss for basic and diluted attributable to Vivic Corp.</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 5%; text-align: right">(298,423</td><td style="white-space: nowrap; width: 1%; text-align: left">)</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 5%; text-align: right">(863,317</td><td style="white-space: nowrap; width: 1%; text-align: left">)</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 5%; text-align: right">(473,587</td><td style="white-space: nowrap; width: 1%; text-align: left">)</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 5%; text-align: right">(1,749,478</td><td style="white-space: nowrap; width: 1%; text-align: left">)</td></tr> <tr id="xdx_406_ecustom--WeightedAverageNumberOfShareOutstandingBasicAndDiluted1_zLWLcDQ49iof" style="vertical-align: bottom"> <td style="padding-left: 8.65pt; text-align: left; padding-bottom: 1pt; text-indent: -8.65pt">Weighted average common stock outstanding <br/>- Basic and Diluted</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">25,546,810</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">25,284,948</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">25,552,004</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">24,947,162</td><td style="white-space: nowrap; padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_404_ecustom--EarningsPerShareBasicAndDiluted1_zvYpWM1ecRCl" style="vertical-align: bottom"> <td style="padding-left: 8.65pt; text-align: left; padding-bottom: 2.5pt; text-indent: -8.65pt">Net loss per share of common stock - basic and diluted</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.01</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.03</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.02</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.07</td><td style="white-space: nowrap; padding-bottom: 2.5pt; text-align: left">)</td></tr> </table>
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-298423 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-863317 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-473587 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1749478 usd
CY2022Q2 vivc Weighted Average Number Of Share Outstanding Basic And Diluted1
WeightedAverageNumberOfShareOutstandingBasicAndDiluted1
25546810 shares
CY2021Q2 vivc Weighted Average Number Of Share Outstanding Basic And Diluted1
WeightedAverageNumberOfShareOutstandingBasicAndDiluted1
25284948 shares
vivc Weighted Average Number Of Share Outstanding Basic And Diluted1
WeightedAverageNumberOfShareOutstandingBasicAndDiluted1
25552004 shares

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