ABVC BioPharma (ABVC) 10-Q 14 Nov 22 2022 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2022	Nov. 11, 2022
Document Information Line Items
Entity Registrant Name	ABVC BioPharma, Inc.
Trading Symbol	ABVC
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		32,632,329
Amendment Flag	false
Entity Central Index Key	0001173313
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Sep. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-40700
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	26-0014658
Entity Address, Address Line One	44370 Old Warm Springs Blvd.
Entity Address, City or Town	Fremont
Entity Address, Country	CA
Entity Address, Postal Zip Code	94538
City Area Code	(510)
Local Phone Number	668-0881
Title of 12(b) Security	Common Stock, par value $0.001 per share
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Current Assets
Cash and cash equivalents	$ 1,323,543	$ 5,828,548
Restricted cash and cash equivalents	646,604	736,667
Accounts receivable, net	47,680	280,692
Accounts receivable – related parties, net		145,399
Due from related party – current	500,000
Inventory, net	20,489	25,975
Short-term Investment	77,583	108,147
Prepaid expense and other current assets	287,181	528,354
Total Current Assets	2,903,080	7,653,782
Property and equipment, net	566,751	525,881
Operating lease right-of-use assets	1,243,930	1,471,899
Goodwill, net
Long-term investments	816,160	932,755
Deferred tax assets	1,013,159	981,912
Prepaid expenses – noncurrent	103,218	119,309
Security deposits	57,656	41,157
Prepayment for long-term investments	2,586,658	1,153,155
Due from related parties – noncurrent	1,190,255	818,183
Total Assets	10,480,567	13,698,033
Current Liabilities
Short-term bank loans	1,866,250	1,640,000
Accrued expenses and other current liabilities	1,201,497	1,300,803
Advance from customers	10,985	10,985
Operating lease liabilities – current portion	363,752	347,100
Due to related parties	451,826	393,424
Total Current Liabilities	3,894,310	3,692,312
Tenant security deposit	12,880	10,580
Operating lease liability – noncurrent portion	880,178	1,124,799
Total Liabilities	4,787,368	4,827,691
COMMITMENTS AND CONTINGENCIES
Equity
Preferred stock, $0.001 par value, 20,000,000 authorized, nil shares issued and outstanding
Common stock, $0.001 par value, 100,000,000 authorized, 32,632,329 and 28,926,322 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively	32,632	28,926
Additional paid-in capital	66,493,649	58,113,667
Stock subscription receivable	(1,580,180)	(2,257,400)
Accumulated deficit	(50,040,501)	(38,481,200)
Accumulated other comprehensive income	113,081	539,660
Treasury stock	(9,100,000)	(9,100,000)
Total Stockholders’ Equity	5,918,681	8,843,653
Noncontrolling interest	(225,482)	26,689
Total Equity	5,693,199	8,870,342
Total Liabilities and Equity	$ 10,480,567	$ 13,698,033

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Sep. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock par value (in Dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	32,632,329	28,926,322
Common stock, shares outstanding	32,632,329	28,926,322

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Revenues	$ 42,269	$ 98,999	$ 380,789	$ 393,590
Cost of revenues	10,741	393	21,004	2,284
Gross profit	31,528	98,606	359,785	391,306
Operating expenses
Selling, general and administrative expenses	3,216,146	1,579,996	6,000,055	3,979,283
Research and development expenses	305,483	263,424	1,197,669	743,617
Stock-based compensation	225,740	225,740	5,143,483	927,220
Total operating expenses	3,747,369	2,069,160	12,341,207	5,650,120
Loss from operations	(3,715,841)	(1,970,554)	(11,981,422)	(5,258,814)
Other income (expense)
Interest income	48,164	9,333	127,354	72,584
Interest expense	(126,536)	(38,677)	(159,507)	(251,577)
Operating sublease income	21,597	2,624	78,523	60,822
Operating sublease income – related parties		1,200		3,600
Gain/Loss on foreign exchange changes	(177)	(5,999)	17,865	(10,806)
Gain/Loss on investment in equity securities		(91,765)		(193,147)
Other (expense) income	491	(404)	(59,381)	(171)
Government grant income		132,331		256,731
Total other income (expenses)	(56,461)	8,643	4,854	(61,964)
Loss before provision income tax	(3,772,302)	(1,961,911)	(11,976,568)	(5,320,778)
Provision for income tax	4,222	(75,667)	(165,096)	(186,255)
Net loss	(3,776,524)	(1,886,244)	(11,811,472)	(5,134,523)
Net loss attributable to noncontrolling interests	(71,660)	(79,756)	(252,171)	(227,964)
Net loss attributed to ABVC and subsidiaries	(3,704,864)	(1,806,488)	(11,559,301)	(4,906,559)
Foreign currency translation adjustment	(190,019)	16,137	(426,579)	416,858
Comprehensive loss	$ (3,894,883)	$ (1,790,351)	$ (11,985,880)	$ (4,489,701)
Net loss per share:
Basic and diluted (in Dollars per share)	$ (0.11)	$ (0.07)	$ (0.37)	$ (0.2)
Weighted average number of common shares outstanding:
Basic and diluted (in Shares)	32,574,551	26,882,181	31,193,397	25,035,522

Consolidated Statements of Op_2

Consolidated Statements of Operations and Comprehensive Loss (Unaudited) (Parentheticals) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Basic and diluted	$ (0.11)	$ (0.07)	$ (0.37)	$ (0.20)
Basic and diluted	32,574,551	26,882,181	31,193,397	25,035,522

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities
Net loss	$ (11,811,472)	$ (5,134,523)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	17,364	8,725
Stock based compensation for non employees	5,143,483	927,220
Gain/Loss on investment in equity securities		193,147
Government grant income		(256,731)
Provision for doubtful accounts	521,955
Other non-cash income and expenses	30,564
Deferred tax	(31,247)	(187,055)
Changes in operating assets and liabilities:
Decrease (increase) in accounts receivable	(31,909)	(171,655)
Decrease (increase) in prepaid expenses and deposits	243,065	(647,219)
Decrease (increase) in due from related parties	(983,707)	422,651
Increase (decrease) in inventory	5,486	(59,673)
Increase (decrease) in accounts payable		(6,547)
Increase (decrease) in accrued expenses and other current liabilities	(99,306)	(338,928)
Increase (decrease) in advance from others		(1,085)
Increase (decrease) in due to related parties	58,402	178,570
Net cash used in operating activities	(6,937,322)	(5,073,103)
Cash flows from investing activities
Purchase of equipment	(119,603)
Purchase of investment		(110,700)
Purchase of property, plant and equipment		(17,503)
Prepayment for equity investment	(1,518,793)	(1,104,609)
Net cash used in investing activities	(1,638,396)	(1,232,812)
Cash flows from financing activities
Issuance of common stock	3,917,425	6,875,000
Payment for offering costs		(850,429)
Proceeds from short-term loan	350,000
Repayment of convertible notes		(306,836)
Repayment of short-term loan		(100,000)
Repayment of notes payable		(107,100)
Proceeds from long-term loans		236,498
Repayment of long-term bank loans		(4,396)
Net cash provided by (used in) financing activities	4,267,425	5,742,737
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(286,775)	11,579
Net decrease in cash and cash equivalents and restricted cash	(4,595,068)	(551,599)
Cash and cash equivalents and restricted cash
Beginning	6,565,215	5,001,371
Ending	1,970,147	4,449,772
Supplemental disclosure of cash flows
Interest expense paid	161,741	327,642
Income taxes paid	$ 1,600

Consolidated Statements of Stoc

Consolidated Statements of Stockholders’ Equity (Deficit) (Unaudited) - USD ($)	Common Stock	Stock Subscription Receivable	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Income	Treasury Stock	Non controlling Interest	Total
Balance at Dec. 31, 2020	$ 24,420	$ (3,160,360)	$ 40,751,807	$ (25,642,387)	$ 564,860	$ (9,100,000)	$ (776,273)	$ 2,662,067
Balance (in Shares) at Dec. 31, 2020	24,420,526					(275,347)
Stock based compensation		225,740						225,740
Net loss for the period				(1,128,505)			(66,818)	(1,195,323)
Cumulative transaction adjustments					36,140			36,140
Balance at Mar. 31, 2021	$ 24,420	(2,934,620)	40,751,807	(26,770,892)	601,000	$ (9,100,000)	(843,091)	1,728,624
Balance (in Shares) at Mar. 31, 2021	24,420,526					(275,347)
Balance at Dec. 31, 2020	$ 24,420	(3,160,360)	40,751,807	(25,642,387)	564,860	$ (9,100,000)	(776,273)	2,662,067
Balance (in Shares) at Dec. 31, 2020	24,420,526					(275,347)
Net loss for the period								(5,134,523)
Balance at Sep. 30, 2021	$ 27,935	(2,483,140)	49,716,411	(30,548,946)	981,718	$ (9,100,000)	(1,004,237)	7,589,741
Balance (in Shares) at Sep. 30, 2021	27,935,783					(275,347)
Balance at Mar. 31, 2021	$ 24,420	(2,934,620)	40,751,807	(26,770,892)	601,000	$ (9,100,000)	(843,091)	1,728,624
Balance (in Shares) at Mar. 31, 2021	24,420,526					(275,347)
Issuance of common shares for consulting service	$ 50		249,950					250,000
Issuance of common shares for consulting service (in Shares)	50,000
Stock based compensation		225,740						225,740
Net loss for the period				(1,971,566)			(81,390)	(2,052,956)
Cumulative transaction adjustments					364,581			364,581
Balance at Jun. 30, 2021	$ 24,470	(2,708,880)	41,001,757	(28,742,458)	965,581	$ (9,100,000)	(924,481)	515,989
Balance (in Shares) at Jun. 30, 2021	24,470,526					(275,347)
Issuance of common shares for consulting service	$ 2,354		6,022,217					6,024,571
Issuance of common shares for consulting service (in Shares)	2,354,145
Issuance of common shares for debt conversion	$ 1,111		2,692,437					2,693,548
Issuance of common shares for debt conversion (in Shares)	1,111,112
Stock based compensation		225,740						225,740
Net loss for the period				(1,806,488)			(79,756)	(1,886,244)
Cumulative transaction adjustments					16,137			16,137
Balance at Sep. 30, 2021	$ 27,935	(2,483,140)	49,716,411	(30,548,946)	981,718	$ (9,100,000)	(1,004,237)	7,589,741
Balance (in Shares) at Sep. 30, 2021	27,935,783					(275,347)
Balance at Dec. 31, 2021	$ 28,926	(2,257,400)	58,113,667	(38,481,200)	539,660	$ (9,100,000)	26,689	8,870,342
Balance (in Shares) at Dec. 31, 2021	28,926,322					(275,347)
Issuance of common shares for consulting service	$ 1,381		4,464,882					4,466,263
Issuance of common shares for consulting service (in Shares)	1,381,007
Stock based compensation		225,740						225,740
Net loss for the period				(5,995,440)			(92,175)	(6,087,615)
Cumulative transaction adjustments					(113,339)			(113,339)
Balance at Mar. 31, 2022	$ 30,307	(2,031,660)	62,578,549	(44,476,640)	426,321	$ (9,100,000)	(65,486)	7,361,391
Balance (in Shares) at Mar. 31, 2022	30,307,329					(275,347)
Balance at Dec. 31, 2021	$ 28,926	(2,257,400)	58,113,667	(38,481,200)	539,660	$ (9,100,000)	26,689	8,870,342
Balance (in Shares) at Dec. 31, 2021	28,926,322					(275,347)
Issuance of common shares for consulting service								4,220,000
Net loss for the period								(11,811,472)
Balance at Sep. 30, 2022	$ 32,632	(1,580,180)	66,493,649	(50,040,501)	113,081	$ (9,100,000)	(225,482)	5,693,199
Balance (in Shares) at Sep. 30, 2022	32,632,329					(275,347)
Balance at Mar. 31, 2022	$ 30,307	(2,031,660)	62,578,549	(44,476,640)	426,321	$ (9,100,000)	(65,486)	7,361,391
Balance (in Shares) at Mar. 31, 2022	30,307,329					(275,347)
Issuance of common shares for consulting service	$ 2,000		3,661,925					3,663,925
Issuance of common shares for consulting service (in Shares)	2,000,000
Stock based compensation		225,740						225,740
Net loss for the period				(1,858,997)			(88,336)	(1,947,333)
Cumulative transaction adjustments					(123,221)			(123,221)
Balance at Jun. 30, 2022	$ 32,307	(1,805,920)	66,240,474	(46,335,637)	303,100	$ (9,100,000)	(153,822)	9,180,502
Balance (in Shares) at Jun. 30, 2022	32,307,329					(275,347)
Issuance of common shares for consulting service	$ 325		253,175					253,500
Issuance of common shares for consulting service (in Shares)	325,000
Stock based compensation		225,740						225,740
Net loss for the period				(3,704,864)			(71,660)	(3,776,524)
Cumulative transaction adjustments					(190,019)			(190,019)
Balance at Sep. 30, 2022	$ 32,632	$ (1,580,180)	$ 66,493,649	$ (50,040,501)	$ 113,081	$ (9,100,000)	$ (225,482)	$ 5,693,199
Balance (in Shares) at Sep. 30, 2022	32,632,329					(275,347)

Organization and Description of

Organization and Description of Business	9 Months Ended
	Sep. 30, 2022
Organization and Description of Business [Abstract]
ORGANIZATION AND DESCRIPTION OF BUSINESS	1. ORGANIZATION AND DESCRIPTION OF BUSINESS ABVC BioPharma, Inc. (the “Company”), formerly known as American BriVision (Holding) Corporation, a Nevada corporation, through the Company’s operating entity, American BriVision Corporation (“BriVision”), which was incorporated in July 2015 in the State of Delaware, engages in biotechnology to fulfill unmet medical needs and focuses on the development of new drugs and medical devices derived from plants. BriVision develops its pipeline by carefully tracking new medical discoveries or medical device technologies in research institutions in the Asia-Pacific region. Pre-clinical, disease animal model and Phase I safety studies are examined closely by the Company to identify drugs that BriVision believes demonstrate efficacy and safety. Once a drug appears to be a good candidate for development and ultimately commercialization, BriVision licenses the drug or medical device from the original researchers and begins to introduce the drugs clinical plan to highly respected principal investigators in the United States, Australia and Taiwan to conduct a Phase II clinical trial. At present, clinical trials for the Company’s drugs and medical devices are being conducted at such world-famous institutions as Memorial Sloan Kettering Cancer Center (“MSKCC”) and MD Anderson Cancer Center. BriVision had no predecessor operations prior to its formation on July 21, 2015. Name Change The Company’s shareholders approved an amendment to the Company’s Articles of Incorporation to change the Company’s corporate name from American BriVision (Holding) Corporation to ABVC BioPharma, Inc. and approved and adopted the Certificate of Amendment to affect same at the 2020 annual meeting of shareholders (the “Annual Meeting”). The name change amendment to the Company’s Articles of Incorporation was filed with Nevada’s Secretary of State and became effective on March 8, 2021 and FINRA processed our request to change our name on April 30, 2021, which became effective as of May 3, 2021. The Company’s stock symbol remains ABVC. Reverse Merger On February 8, 2016, a Share Exchange Agreement (the “Share Exchange Agreement”) was entered into by and among the Company, BriVision, and Euro-Asia Investment & Finance Corp. Limited, a company incorporated under the laws of Hong Kong Special Administrative Region of the People’s Republic of China (“Euro-Asia”), being the owners of record of 164,387,376 (52,336,000 pre-stock split) shares of Common Stock of the Company, and the owners of record of all of the issued share capital of BriVision (the “BriVision Stock”). Pursuant to the Share Exchange Agreement, upon surrender by the BriVision Shareholders and the cancellation by BriVision of the certificates evidencing the BriVision Stock as registered in the name of each BriVision Shareholder, and pursuant to the registration of the Company in the register of members maintained by BriVision as the new holder of the BriVision Stock and the issuance of the certificates evidencing the aforementioned registration of the BriVision Stock in the name of the Company, the Company issued 166,273,921 (52,936,583 pre-stock split) shares (the “Acquisition Stock”) (subject to adjustment for fractionalized shares as set forth below) of the Company’s Common Stock to the BriVision Shareholders (or their designees), and 163,159,952 (51,945,225 pre-stock split) shares of the Company’s Common Stock owned by Euro-Asia were cancelled and retired to treasury. The Acquisition Stock collectively represented 79.70% of the issued and outstanding Common Stock of the Company immediately after the Closing, in exchange for the BriVision Stock, representing 100% of the issued share capital of BriVision in a reverse merger (the “Merger”). Pursuant to the Merger, all of the issued and outstanding common shares of BriVision were converted, at an exchange ratio of 0.2536-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. The holders of Company’s Common Stock as of immediately prior to the Merger held an aggregate of 205,519,223 (65,431,144 pre-stock split) shares of Company’s Common Stock. Because of the exchange of the BriVision Stock for the Acquisition Stock (the “Share Exchange”), BriVision had become a wholly owned subsidiary (the “Subsidiary”) of the Company and there was a change of control of the Company following the closing. There were no warrants, options or other equity instruments issued in connection with the share exchange agreement. Upon the consummation of the Share Exchange, BriVision became a wholly owned subsidiary of the Company. Following the Share Exchange, the Company has abandoned prior business plan and is now pursuing BriVision’s historically proposed businesses, which focus on the development of new drugs and innovative medical devices to fulfill unmet medical needs. The business model of the Company is to integrate research achievements from world-famous institutions, conduct clinical trials of translational medicine for Proof of Concept (“POC”), out-license to international pharmaceutical companies, and explore global markets. Accounting Treatment of the Reverse Merger For financial reporting purposes, the Share Exchange represents a “reverse merger” rather than a business combination and BriVision is deemed the accounting acquirer in the transaction. The Share Exchange is being accounted for as a reverse-merger and recapitalization. BriVision is the acquirer for financial reporting purposes and the Company is the acquired company. Consequently, the assets and liabilities and the operations reflected in the historical financial statements prior to the Share Exchange will be those of BriVision and recorded at the historical cost basis of BriVision. In addition, the consolidated financial statements after completion of the Share Exchange will include the assets and liabilities of the Company and BriVision, and the historical operations of BriVision and operations of the Combined Company from the closing date of the Share Exchange. Merger On February 8, 2019, the Company, BioLite Holding, Inc. (“BioLite”), BioKey, Inc. (“BioKey”), BioLite Acquisition Corp., a direct wholly-owned subsidiary of Parent (“Merger Sub 1”), and BioKey Acquisition Corp., a direct wholly-owned subsidiary of Parent (“Merger Sub 2”) (collectively referred to as the “Parties”) completed the business combination pursuant to the Agreement and Plan of Merger (the “Merger Agreement”) dated as of January 31, 2018 where ABVC acquired BioLite and BioKey via issuing additional Common Stock of ABVC to the shareholders of BioLite and BioKey. Pursuant to the terms of the Merger Agreement, BioLite and BioKey became two wholly-owned subsidiaries of the Company on February 8, 2019. ABVC issued an aggregate of 104,558,777 shares (prior to the reverse stock split in 2019) to the shareholders of both BioLite and BioKey under a registration statement on Form S-4 (file number 333-226285), which became effective by operation of law on or about February 5, 2019. BioLite Holding, Inc. (the “BioLite Holding”) was incorporated under the laws of the State of Nevada on July 27, 2016. BioLite BVI, Inc. (the “BioLite BVI”), a wholly owned subsidiary of BioLite Holding, was incorporated in the British Virgin Islands on September 13, 2016. BioLite Holding and BioLite BVI are holding companies and have not carried out substantive business operations of their own. BioLite, Inc., (the “BioLite Taiwan”) was incorporated on February 13, 2006 under the laws of Taiwan. BioLite is in the business of developing and commercialization of new botanical drugs with application in central nervous system, autoimmunity, inflammation, hematology, and oncology. In addition, BioLite Taiwan distributes dietary supplements made from extracts of Chinese herbs and Maitake mushroom. In January 2017, BioLite Holding, BioLite BVI, BioLite Taiwan, and certain shareholders of BioLite Taiwan entered into a share purchase / exchange agreement (the “BioLite Share Purchase / Exchange Agreement”). Pursuant to the BioLite Share Purchase / Exchange Agreement, the shareholder participants to the BioLite Share Purchase / Exchange Agreement have sold their equity in BioLite Taiwan and were using the proceeds from such sales to purchase shares of Common Stock of BioLite Holding at the same price per share, resulting in their owning the same number of shares of Common Stock as they owned in the BioLite Taiwan. Upon closing of the Share Purchase/ Exchange Agreement in August 2017, BioLite Holding ultimately owns via BioLite BVI approximately 73% of BioLite Taiwan. The other shareholders who did not enter this Share Purchase/ Exchange Agreement retain their equity ownership in BioLite Taiwan. BioKey, Inc. was incorporated on August 9, 2000 in the State of California. BioKey provides a wide range of services, including, API characterization, pre-formulation studies, formulation development, analytical method development, stability studies, IND/NDA/ANDA/510K submissions, and manufacturing clinical trial materials (Phase I through phase III) and commercial manufacturing. It also licenses out its technologies and initiates joint research and development processes with other biotechnology, pharmaceutical, and nutraceutical companies. Accounting Treatment of the Merger The Company adopted ASC 805, “Business Combination” to record the merger transactions of BioKey. Since the Company and BioLite Holding are the entities under Dr. Tsung-Shann Jiang’s common control, the transaction is accounted for as a restructuring transaction. All the assets and liabilities of BioLite Holding, BioLite BVI, and BioLite Taiwan were transferred to the Company at their respective carrying amounts on the closing date of the Merger. The Company has recast prior period financial statements to reflect the conveyance of BioLite Holding’s common shares as if the restructuring transaction had occurred as of the earliest date of the financial statements. All material intercompany accounts, transactions, and profits have been eliminated in consolidation. The nature of and effects on earnings per share (EPS) of nonrecurring intra-entity transactions involving long-term assets and liabilities is not required to be eliminated and EPS amounts have been recast to include the earnings (or losses) of the transferred net assets. Going Concern The accompanying unaudited financial statements have been prepared in conformity with U.S. GAAP which contemplates continuation of the Company on a going concern basis. The going concern basis assumes that assets are realized, and liabilities are settled in the ordinary course of business at amounts disclosed in the financial statements. The Company’s ability to continue as a going concern depends upon its ability to market and sell its products to generate positive operating cash flows. For the nine months ended September 30, 2022, the Company reported net loss of $11,811,472. As of September 30, 2022, the Company’s working capital deficit was $991,230. In addition, the Company had net cash outflows of $6,937,322 from operating activities for the nine months ended September 30, 2022. These conditions give rise to substantial doubt as to whether the Company will be able to continue as a going concern. Management’s plan is to continue improve operations to generate positive cash flows and raise additional capital through private of public offerings. If the Company is not able to generate positive operating cash flows, and raise additional capital, there is the risk that the Company may not be able to meet its short-term obligations.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The unaudited interim consolidated financial statements do not include all the information and footnotes required by the U.S. GAAP for complete financial statements. Certain information and note disclosures normally included in the annual financial statements prepared in accordance with the U.S. GAAP have been condensed or omitted consistent with Article 10 of Regulation S-X. In the opinion of the Company’s management, the unaudited interim consolidated financial statements have been prepared on the same basis as the audited financial statements and include all adjustments, in normal recurring nature, as necessary for the fair statement of the Company’s financial position as of September 30, 2022, and results of operations and cash flows for the nine months ended September 30, 2022 and 2021. The unaudited interim consolidated balance sheet as of December 31, 2021 has been derived from the audited financial statements at that date but does not include all the information and footnotes required by the U.S. GAAP. Interim results of operations are not necessarily indicative of the results expected for the full fiscal year or for any future period. These financial statements should be read in conjunction with the audited consolidated financial statements as of and for the years ended December 31, 2021 and 2020, and related notes included in the Company’s audited consolidated financial statements. The accompanying unaudited consolidated financial statements have been prepared in accordance with the generally accepted accounting principles in the United States of America (the “U.S. GAAP”). All significant intercompany transactions and account balances have been eliminated. This basis of accounting involves the application of accrual accounting and consequently, revenues and gains are recognized when earned, and expenses and losses are recognized when incurred. The Company’s unaudited financial statements are expressed in U.S. dollars. Reclassifications of Prior Year Presentation 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. Fiscal Year 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. Use of Estimates 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. Inventory Inventory consists of raw materials, work-in-process, finished goods, and merchandise. Inventories are stated at the lower of cost or market and valued on a moving weighted average cost basis. Market is determined based on net realizable value. The Company periodically reviews the age and turnover of its inventory to determine whether any inventory has become obsolete or has declined in value, and incurs a charge to operations for known and anticipated inventory obsolescence. Forward Stock Split On March 21, 2016, the Board of Directors of the Company approved an amendment to Articles of Incorporation to effect a forward split at a ratio of 1 to 3.141 and increase the number of our authorized shares of Common Stock, par value $0.001 per share, to 360,000,000, which was effective on April 8, 2016. Stock Reverse Split On March 12, 2019, the Board of Directors of the Company by unanimous written consent in lieu of a meeting approved to i) effect a stock reverse split at the ratio of 1-for-18 (the “Reverse Split”) of both the authorized common stock of the Company (the “Common Stock”) and the issued and outstanding Common Stock and ii) to amend the articles of incorporation of the Company to reflect the Reverse Split. The Board approved and authorized the Reverse Split without obtaining approval of the Company’s shareholders pursuant to Section 78.207 of Nevada Revised Statutes. On May 3, 2019, the Company filed a certificate of amendment to the Company’s articles of incorporation (the “Amendment”) to effect the Reverse Split with the Secretary of State of Nevada. The Financial Industry Regulatory Authority (“FINRA”) informed the Company that the Reverse Split was effective on May 8, 2019. All shares and related financial information in this Form 10-K reflect this 1-for-18 reverse stock split. Fair Value Measurements FASB ASC 820, “Fair Value Measurements” defines fair value for certain financial and nonfinancial assets and liabilities that are recorded at fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. It requires that an entity measure its financial instruments to base fair value on exit price, maximize the use of observable units and minimize the use of unobservable inputs to determine the exit price. It establishes a hierarchy which prioritizes the inputs to valuation techniques used to measure fair value. This hierarchy increases the consistency and comparability of fair value measurements and related disclosures by maximizing the use of observable inputs and minimizing the use of unobservable inputs by requiring that observable inputs be used when available. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the assets or liabilities based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company’s own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy prioritizes the inputs into three broad levels based on the reliability of the inputs as follows: ● Level 1 - Inputs are quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Valuation of these instruments does not require a high degree of judgment as the valuations are based on quoted prices in active markets that are readily and regularly available. ● Level 2 - Inputs other than quoted prices in active markets that are either directly or indirectly observable as of the measurement date, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. ● Level 3 - Valuations based on inputs that are unobservable and not corroborated by market data. The fair value for such assets and liabilities is generally determined using pricing models, discounted cash flow methodologies, or similar techniques that incorporate the assumptions a market participant would use in pricing the asset or liability. The carrying values of certain assets and liabilities of the Company, such as cash and cash equivalents, restricted cash, accounts receivable, due from related parties, inventory, prepaid expenses and other current assets, accounts payable, accrued liabilities, and due to related parties approximate fair value due to their relatively short maturities. The carrying value of the Company’s short-term bank loan, convertible notes payable, and accrued interest approximates their fair value as the terms of the borrowing are consistent with current market rates and the duration to maturity is short. The carrying value of the Company’s long-term bank loan approximates fair value because the interest rates approximate market rates that the Company could obtain for debt with similar terms and maturities. Cash and Cash Equivalents The Company considers highly liquid investments with maturities of three months or less, when purchased, to be cash equivalents. As of September 30, 2022 and December 31, 2021, the Company’s cash and cash equivalents amounted $1,323,543 and $5,828,548, respectively. Some of the Company’s cash deposits are held in financial institutions located in Taiwan where there is currently regulation mandated on obligatory insurance of bank accounts. The Company believes this financial institution is of high credit quality. Restricted Cash Equivalents Restricted cash equivalents primarily consist of cash held in a reserve bank account in Taiwan. As of September 30, 2022 and December 31, 2021, the Company’s restricted cash equivalents amounted $646,604 and $736,667, respectively. Concentration of Credit Risk 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. 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 . Concentration of clients As of September 30, 2022, the most major client, specializes in developing and commercializing of dietary supplements and therapeutics in dietary supplement industry, accounted for 36.71% of the Company’s total account receivable; the second major client, GenePharm Inc., with its Chairman being the Board of Director of Biokey, accounted for 27.44% of the Company’s total account receivable; the least major client, manufactures drugs in pharmaceutical preparations in pharmaceutical industry, accounted for 22.98% of the Company’s total accounts receivable. For the nine months ended September 30, 2022, one major client, Rgene Corporation, Shareholder of the Company which works in development and commercialization of new drugs in Taiwan, accounted for 79.18% of the Company's total revenues. For the nine months ended September 30, 2021, two major clients, which develops novel treatment for ocular Graft-versus-Host Disease, and manufacture drugs in pharmaceutical preparations, in pharmaceutical industry, accounted for 39.61% and 25.09% of the Company's total revenues, respectively. For the three months ended September 30, 2022, three major clients, in biotech, agriculture and pharmaceutical industries, which commercialize dietary supplement products in Taiwan and China, grow and develop Maitake dietary supplement products in Canada and the US, and develop novel treatment for ocular Graft-versus-Host Disease, accounted for 47.84%, 16.47% and 15.6% of the Company's total revenues, respectively. For the three months ended September 30, 2021, two major clients, in pharmaceutical and agriculture industry, which develop novel treatment for ocular Graft-versus-Host Disease, and grow and develop Maitake dietary supplement products in Canada and the US, accounted for 47.57% and 14.43% of the Company's total revenues, respectively. Concentration of vendors For the nine months ended September 30, 2022, one vendor in dietary supplement industry, who provides dietary supplement and manufacturing consultation, accounted for 40.5% of the Company’s total purchases. For the nine months ended September 30, 2021, three vendors, in research, chemical and monitoring and testing industry, who provides life science product and service solution, manufacture and distribute fine chemicals and laboratory products, as well as distributing manufacturers of data logging, data acquisition products, accounted for 29.7%, 24.9% and 24.7% of the Company’s total purchases, respectively. For the three months ended September 30, 2022, one vendor in dietary supplement industry, who provides dietary supplement and manufacturing consultation, accounted for 79.1% of the Company’s total purchase. For the three months ended September 30, 2021, two vendors, in pharmaceutical and scientific instrumentation industry, who provides pharmaceutical and contract service, as well as manufacture analytical instrumentation, accounted for 89.1% and 10.9% of the Company’s total purchases, respectively. Revenue Recognition During the fiscal year 2018, the Company adopted Accounting Standards Codification (“ASC”), Topic 606 (ASC 606), Revenue from Contracts with Customers, using the modified retrospective method to all contracts that were not completed as of January 1, 2018, and applying the new revenue standard as an adjustment to the opening balance of accumulated deficit at the beginning of 2018 for the cumulative effect. The results for the Company’s reporting periods beginning on and after January 1, 2018 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported under the accounting standards in effect for the prior period. Based on the Company’s review of existing collaborative agreements as of January 1, 2018, the Company concluded that the adoption of the new guidance did not have a significant change on the Company’s revenue during all periods presented. Pursuant to ASC 606, the Company recognizes revenue when its customer obtains control of promised goods or services, in an amount that reflects the consideration that the Company expects to receive in exchange for those goods or services. To determine revenue recognition for arrangements that the Company determines is within the scope of ASC 606, the Company performs the following five steps: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the Company satisfies a performance obligation. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration the Company is entitled to in exchange for the goods or services the Company transfers to the customers. At inception of the contract, once the contract is determined to be within the scope of ASC 606, the Company assesses the goods or services promised within each contract, determines those that are performance obligations, and assesses whether each promised good or service is distinct. The Company then recognizes as revenue the amount of the transaction price that is allocated to the respective performance obligation when (or as) the performance obligation is satisfied. The following are examples of when the Company recognizes revenue based on the types of payments the Company receives. Collaborative Revenues — As part of the accounting for these arrangements, the Company applies judgment to determine whether the performance obligations are distinct, and develop assumptions in determining the stand-alone selling price for each distinct performance obligation identified in the collaboration agreements. To determine the stand-alone selling price, the Company relies on assumptions which may include forecasted revenues, development timelines, reimbursement rates for R&D personnel costs, discount rates and probabilities of technical and regulatory success. The Company had multiple deliverables under the collaborative agreements, including deliverables relating to grants of technology licenses, regulatory and clinical development, and marketing activities. Estimation of the performance periods of the Company’s deliverables requires the use of management’s judgment. Significant factors considered in management’s evaluation of the estimated performance periods include, but are not limited to, the Company’s experience in conducting clinical development, regulatory and manufacturing activities. The Company reviews the estimated duration of its performance periods under its collaborative agreements on an annually basis, and makes any appropriate adjustments on a prospective basis. Future changes in estimates of the performance period under its collaborative agreements could impact the timing of future revenue recognition. (i) Non-refundable upfront payments If a license to the Company’s intellectual property is determined to be distinct from the other performance obligations identified in an arrangement, the Company recognizes revenue from the related non-refundable upfront payments based on the relative standalone selling price prescribed to the license compared to the total selling price of the arrangement. The revenue is recognized when the license is transferred to the collaboration partners and the collaboration partners are able to use and benefit from the license. To date, the receipt of non-refundable upfront fees was solely for the compensation of past research efforts and contributions made by the Company before the collaborative agreements entered into and it does not relate to any future obligations and commitments made between the Company and the collaboration partners in the collaborative agreements. (ii) Milestone payments The Company is eligible to receive milestone payments under the collaborative agreement with collaboration partners based on achievement of specified development, regulatory and commercial events. Management evaluated the nature of the events triggering these contingent payments, and concluded that these events fall into two categories: (a) events which involve the performance of the Company’s obligations under the collaborative agreement with collaboration partners, and (b) events which do not involve the performance of the Company’s obligations under the collaborative agreement with collaboration partners. The former category of milestone payments consists of those triggered by development and regulatory activities in the territories specified in the collaborative agreements. Management concluded that each of these payments constitute substantive milestone payments. This conclusion was based primarily on the facts that (i) each triggering event represents a specific outcome that can be achieved only through successful performance by the Company of one or more of its deliverables, (ii) achievement of each triggering event was subject to inherent risk and uncertainty and would result in additional payments becoming due to the Company, (iii) each of the milestone payments is non-refundable, (iv) substantial effort is required to complete each milestone, (v) the amount of each milestone payment is reasonable in relation to the value created in achieving the milestone, (vi) a substantial amount of time is expected to pass between the upfront payment and the potential milestone payments, and (vii) the milestone payments relate solely to past performance. Based on the foregoing, the Company recognizes any revenue from these milestone payments in the period in which the underlying triggering event occurs. (iii) Multiple Element Arrangements The Company evaluates multiple element arrangements to determine (1) the deliverables included in the arrangement and (2) whether the individual deliverables represent separate units of accounting or whether they must be accounted for as a combined unit of accounting. This evaluation involves subjective determinations and requires management to make judgments about the individual deliverables and whether such deliverables are separate from other aspects of the contractual relationship. Deliverables are considered separate units of accounting provided that: (i) the delivered item(s) has value to the customer on a standalone basis and (ii) if the arrangement includes a general right of return relative to the delivered item(s), delivery or performance of the undelivered item(s) is considered probable and substantially within its control. In assessing whether an item under a collaboration has standalone value, the Company considers factors such as the research, manufacturing, and commercialization capabilities of the collaboration partner and the availability of the associated expertise in the general marketplace. The Company also considers whether its collaboration partners can use the other deliverable(s) for their intended purpose without the receipt of the remaining element(s), whether the value of the deliverable is dependent on the undelivered item(s), and whether there are other vendors that can provide the undelivered element(s). The Company recognizes arrangement consideration allocated to each unit of accounting when all of the revenue recognition criteria in ASC 606 are satisfied for that particular unit of accounting. In the event that a deliverable does not represent a separate unit of accounting, the Company recognizes revenue from the combined unit of accounting over the Company’s contractual or estimated performance period for the undelivered elements, which is typically the term of the Company’s research and development obligations. If there is no discernible pattern of performance or objectively measurable performance measures do not exist, then the Company recognizes revenue under the arrangement on a straight-line basis over the period the Company is expected to complete its performance obligations. Conversely, if the pattern of performance in which the service is provided to the customer can be determined and objectively measurable performance measures exist, then the Company recognizes revenue under the arrangement using the proportional performance method. Revenue recognized is limited to the lesser of the cumulative amount of payments received or the cumulative amount of revenue earned, as determined using the straight-line method or proportional performance method, as applicable, as of the period ending date. At the inception of an arrangement that includes milestone payments, the Company evaluates whether each milestone is substantive and at risk to both parties on the basis of the contingent nature of the milestone. This evaluation includes an assessment of whether: (1) the consideration is commensurate with either the Company’s performance to achieve the milestone or the enhancement of the value of the delivered item(s) as a result of a specific outcome resulting from its performance to achieve the milestone, (2) the consideration relates solely to past performance and (3) the consideration is reasonable relative to all of the deliverables and payment terms within the arrangement. The Company evaluates factors such as the scientific, clinical, regulatory, commercial, and other risks that must be overcome to achieve the particular milestone and the level of effort and investment required to achieve the particular milestone in making this assessment. There is considerable judgment involved in determining whether a milestone satisfies all of the criteria required to conclude that a milestone is substantive. Milestones that are not considered substantive are recognized as earned if there are no remaining performance obligations or over the remaining period of performance, assuming all other revenue recognition criteria are met. (iv) Royalties and Profit Sharing Payments Under the collaborative agreement with the collaboration partners, the Company is entitled to receive royalties on sales of products, which is at certain percentage of the net sales. The Company recognizes revenue from these events based on the revenue recognition criteria set forth in ASC 606. Based on those criteria, the Company considers these payments to be contingent revenues, and recognizes them as revenue in the period in which the applicable contingency is resolved. Revenues Derived from Research and Development Activities Services — Revenues related to research and development and regulatory activities are recognized when the related services or activities are performed, in accordance with the contract terms. The Company typically has only one performance obligation at the inception of a contract, which is to perform research and development services. The Company may also provide its customers with an option to request that the Company provides additional goods or services in the future, such as active pharmaceutical ingredient, API, or IND/NDA/ANDA/510K submissions. The Company evaluates whether these options are material rights at the inception of the contract. If the Company determines an option is a material right, the Company will consider the option a separate performance obligation. If the Company is entitled to reimbursement from its customers for specified research and development expenses, the Company accounts for the related services that it provides as separate performance obligations if it determines that these services represent a material right. The Company also determines whether the reimbursement of research and development expenses should be accounted for as revenues or an offset to research and development expenses in accordance with provisions of gross or net revenue presentation. The Company recognizes the corresponding revenues or records the corresponding offset to research and development expenses as it satisfies the related performance obligations. The Company then determines the transaction price by reviewing the amount of consideration the Company is eligible to earn under the contracts, including any variable consideration. Under the outstanding contracts, consideration typically includes fixed consideration and variable consideration in the form of potential milestone payments. At the start of an agreement, the Company’s transaction price usually consists of the payments made to or by the Company based on the number of full-time equivalent researchers assigned to the project and the related research and development expenses incurred. The Company does not typically include any payments that the Company may receive in the future in its initial transaction price because the payments are not probable. The Company would reassess the total transaction price at each reporting period to determine if the Company should include additional payments in the transaction price. The Company receives payments from its customers based on billing schedules established in each contract. Upfront payments and fees may be recorded as advance from customers upon receipt or when due, and may require deferral of revenue recognition to a future period until the Company performs its obligations under these arrangements. Amounts are recorded as accounts receivable when the right of the Company to consideration is unconditional. The Company does not assess whether a contract has a significant financing component if the expectation at contract inception is such that the period between payment by the customers and the transfer of the promised goods or services to the customers will be one year or less. Property and Equipment Property and equipment is carried at cost net of accumulated depreciation. Repairs and maintenance are expensed as incurred. Expenditures that improve the functionality of the related asset or extend the useful life are capitalized. When property and equipment is retired or otherwise disposed of, the related gain or loss is included in operating income. Leasehold improvements are depreciated on the straight-line method over the shorter of the remaining lease term or estimated useful life of the asset. Depreciation is calculated on the straight-line method, including property and equipment under capital leases, generally based on the following useful lives: Estimated Life Buildings and leasehold improvements 3 ~ 50 Machinery and equipment 2 ~ 8 Office equipment 3 ~ 10 Impairment of Long-Lived Assets The Company has adopted Accounting Standards Codification subtopic 360-10, Property, Plant and Equipment (“ASC 360-10”). ASC 360-10 requires that long-lived assets and certain identifiable intangibles held and used by the Company be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The Company evaluates its long-lived assets for impairment annually or more often if events and circumstances warrant. Events relating to recoverability may include significant unfavorable changes in business conditions, recurring losses, or a forecasted inability to achieve break-even operating results over an extended period. Should impairment in value be indicated, the carrying value of intangible assets will be adjusted, based on estimates of future discounted cash flows resulting from the use and ultimate disposition of the asset. ASC 360-10 also requires assets to be disposed of be reported at the lower of the carrying amount or the fair value less costs to sell. Long-term Equity Investment The Company acquires the equity investments to promote business and strategic objectives. The Company accounts for non-marketable equity and other equity investments for which the Company does not have control over the investees as: ● Equity method investments when the Company has the ability to exercise significant influence, but not control, over the investee. Its proportionate share of the income or loss is recognized monthly and is recorded in gains (losses) on equity investments. ● Non-marketable cost method investments when the equity method does not apply. Significant judgment is required to identify whether an impairment exists in the valuation of the Company’s non-marketable equity investments, and therefore the Company considers this a critical accounting estimate. Its yearly analysis considers both qualitative and quantitative factors that may have a significant impact on the investee’s fair value. Qualitative analysis of its investments involves understanding the financial performance and near-term prospects of the investee, changes in general market conditions in the investee’s industry or geographic area, and the management and governance structure of the investee. Quantitative assessments of the fair value of its investments are developed using the market and income approaches. The market approach includes the use of comparable financial metrics of private and public companies and recent financing rounds. The income approach includes the use of a discounted cash flow model, which requires significant estimates regarding the investees’ revenue, costs, and discount rates. The Company’s assessment of these factors in determining whether an impairment exists could change in the future due to new developments or changes in applied assumptions. Other-Than-Temporary Impairment The Company’s long-term equity investments are subject to a periodic impairment review. Impairments affect earnings as follows: ● Marketable equity securities include the consideration of general market conditions, the duration and extent to which the fair value is below cost, and our ability and intent to hold the investment for a sufficient period of time to allow for recovery of value in the foreseeable future. The Company also considers specific adverse conditions related to the financial health of, and the business outlook for, the investee, which may include industry and sector performance, changes in technology, operational and financing cash flow factors, and changes in the investee’s credit rating. The Company records other-than-temporary impairments on marketable equity securities and marketable equity method investments in gains (losses) on equity investments. ● Non-marketable equity investments based on the Company’s assessment of the severity and duration of the impairment, and qualitative and quantitative analysis of the operating performance of the investee; adverse changes in market conditions and the regulatory or economic environment; changes in operating structure or management of the investee; additional funding requirements; and the investee’s ability to remain in business. A series of operating losses of an investee or other factors may indicate that a decrease in value

Collaborative Agreements

Collaborative Agreements	9 Months Ended
	Sep. 30, 2022
Collaborative Agreements [Abstract]
COLLABORATIVE AGREEMENTS	3. COLLABORATIVE AGREEMENTS Collaborative agreements with BHK (i) On February 24, 2015, BioLite Taiwan and BioHopeKing Corporation (the “BHK”) entered into a co-development agreement, (the “BHK Co-Development Agreement”), pursuant to which it is collaborative with BHK to develop and commercialize BLI-1401-2 (Botanical Drug) Triple Negative Breast Cancer (TNBC) Combination Therapy (BLI-1401-2 Products) in Asian countries excluding Japan for all related intellectual property rights, and has developed it for medicinal use in collaboration with outside researchers. The development costs shall be shared 50/50 between BHK and the Company. The BHK Co-Development Agreement will remain in effect for fifteen years from the date of first commercial sale of the Product in in Asia excluding Japan. On July 27, 2016, BioLite Taiwan and BHK agreed to amend the payment terms of the milestone payment in an aggregate amount of $10 million based on the following schedule: ● Upon the signing of the BHK Co-Development Agreement: $1 million, or 10% of total payment ● Upon the first Investigational New Drug (IND) submission and BioLite Taiwan will deliver all data to BHK according to FDA Reviewing requirement: $1 million, or 10% of total payment ● At the completion of first phase II clinical trial: $1 million, or 10% of total payment ● At the initiation of phase III of clinical trial research: $3 million, or 30% of total payment ● Upon the New Drug Application (NDA) submission: $4 million, or 40% of total payment In December 2015, BHK has paid a non-refundable upfront cash payment of $1 million, or 10% of $10,000,000, upon the signing of BHK Co-Development Agreement. The Company concluded that the deliverables are considered separate units of accounting as the delivered items have value to the customer on a standalone basis and recognized this cash receipt as collaboration revenue when all research, technical, and development data was delivered to BHK in 2015. The receipt is for the compensation of past research efforts and contributions made by BioLite Taiwan before this collaborative agreement was signed and it does not relate to any future commitments made by BioLite Taiwan and BHK in this collaborative agreement. In August 2016, the Company has received the second milestone payment of NT$31,649,000, approximately equivalent to $1 million, and recognized collaboration revenue for the year ended December 31, 2016. As of the date of this report, the Company has not completed the first phase II clinical trial. In addition to the milestone payments, BioLite Taiwan is entitled to receive royalty on 12% of BHK’s net sales related to BLI-1401-2 Products. As of September 30, 2022 and December 31, 2021, the Company has not earned the royalty under the BHK Co-Development Agreement. (ii) On December 9, 2015, BioLite Taiwan entered into another two collaborative agreements (the “BHK Collaborative Agreements”), pursuant to which it is collaborative with BHK to co-develop and commercialize BLI-1005 for “Targeting Major Depressive Disorder” (BLI-1005 Products) and BLI-1006 for “Targeting Inflammatory Bowel Disease” (BLI-1006 Products) in Asia excluding Japan for all related intellectual property rights, and has developed it for medicinal use in collaboration with outside researchers. The development costs shall be shared 50/50 between BHK and the Company. The BHK Co-Development Agreement will remain in effect for fifteen years from the date of first commercial sale of the Product in in Asia excluding Japan. In 2015, the Company recognized the cash receipt in a total of NT$50 million, approximately equivalent to $1.6 million, as collaboration revenue when all research, technical, and development data was delivered to BHK. The Company concluded that the deliverables are considered separate units of accounting as the delivered items have value to the customer on a standalone basis and recognized this payment as collaboration revenue when all research, technical, data and development data was delivered to BHK. The cash receipt is for the compensation of past research efforts and contributions made by BioLite Taiwan before this BHK Collaborative Agreements was signed and it does not relate to any future commitments made by BioLite Taiwan and BHK in this BHK Collaborative Agreements. In addition to the total of NT$50 million, approximately equivalent to $1.60 million, BioLite Taiwan is entitled to receive 50% of the future net licensing income or net sales profit. As of September 30, 2022 and December 31, 2021, the Company has not earned the royalty under the BHK Collaborative Agreements. Co-Development agreement with Rgene Corporation, a related party On May 26, 2017, BriVision entered into a co-development agreement (the “Co-Dev Agreement”) with Rgene Corporation (the “Rgene”), a related party under common control by controlling beneficiary shareholder of YuanGene Corporation and the Company (See Note 12). Pursuant to Co-Dev Agreement, BriVision and Rgene agreed to co-develop and commercialize ABV-1507 HER2/neu Positive Breast Cancer Combination Therapy, ABV-1511 Pancreatic Cancer Combination Therapy and ABV-1527 Ovary Cancer Combination Therapy. Under the terms of the Co-Dev Agreement, Rgene is required to pay the Company $3,000,000 in cash or stock of Rgene with equivalent value by August 15, 2017. The payment is for the compensation of BriVision’s past research efforts and contributions made by BriVision before the Co-Dev Agreement was signed and it does not relate to any future commitments made by BriVision and Rgene in this Co-Dev Agreement. In addition to $3,000,000, the Company is entitled to receive 50% of the future net licensing income or net sales profit earned by Rgene, if any, and any development costs shall be equally shared by both BriVision and Rgene. On June 1, 2017, the Company has delivered all research, technical, data and development data to Rgene. Since both Rgene and the Company are related parties and under common control by a controlling beneficiary shareholder of YuanGene Corporation and the Company, the Company has recorded the full amount of $3,000,000 in connection with the Co-Dev Agreement as additional paid-in capital during the year ended December 31, 2017. During the year ended December 31, 2017, the Company has received $450,000 in cash. 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. On December 31, 2018, the Company determined to fully write off this investment based on the Company’s assessment of the severity and duration of the impairment, and qualitative and quantitative analysis of the operating performance of the investee, adverse changes in market conditions and the regulatory or economic environment, changes in operating structure of Rgene, additional funding requirements, and Rgene’s ability to remain in business. All projects that have been initiated will be managed and supported by the Company and Rgene. The Company and Rgene signed an amendment to the Co-Dev Agreement on November 10, 2020, pursuant to which both parties agreed to delete AB-1507 HER2/neu Positive Breast Cancer Combination Therapy and AB 1527 Ovary Cancer Combination Therapy and add ABV-1519 EGFR Positive Non-Small Cell Lung Cancer Combination Therapy and ABV-1526 Large Intestine / Colon / Rectal Cancer Combination Therapy to the products to be co-developed and commercialized. Other provisions of the Co-Dev Agreement remain in full force and effect. On June 10, 2022, the Company expanded its co-development partnership with Rgene. On that date, BioKey, ABVC has entered into a Clinical Development Service Agreement with Rgene to guide three Rgene drug products, RGC-1501 for the treatment of Non-Small Cell Lung Cancer (NSCLC), RGC-1502 for the treatment of pancreatic cancer and RGC 1503 for the treatment of colorectal cancer patients, through completion of Phase II clinical studies under the U.S. FDA IND regulatory requirements. Under the terms of the new Services Agreement, BioKey is eligible to receive payments totaling $3.0 million over a 3-year period with each payment amount to be determined by certain regulatory milestones obtained during the agreement period. The Service Agreement shall remain in effect until the expiration date of the last patent and automatically renew for 5 more years unless terminated earlier by either party with six months written notice. Either party may terminate the Service Agreement for cause by providing 30 days written notice. Collaborative agreement with BioFirst Corporation, a related party On July 24, 2017, BriVision entered into a collaborative agreement (the “BioFirst Collaborative Agreement”) with BioFirst Corporation (“BioFirst”), pursuant to which BioFirst granted the Company the global licensing right for medical use of the product (the “Product”): BFC-1401 Vitreous Substitute for Vitrectomy. BioFirst is a related party to the Company because a controlling beneficiary shareholder of YuanGene Corporation and the Company is one of the directors and Common Stock shareholders of BioFirst (See Note 12). Pursuant to the BioFirst Collaborative Agreement, the Company will co-develop and commercialize the Product with BioFirst and pay BioFirst in a total amount of $3,000,000 in cash or stock of the Company before September 30, 2018. The amount of $3,000,000 is in connection with the compensation for BioFirst’s past research efforts and contributions made by BioFirst before the BioFirst Collaborative Agreement was signed and it does not relate to any future commitments made by BioFirst and BriVision in this BioFirst Collaborative Agreement. In addition, the Company is entitled to receive 50% of the future net licensing income or net sales profit, if any, and any development cost shall be equally shared by both BriVision and BioFirst. On September 25, 2017, BioFirst has delivered all research, technical, data and development data to BriVision. The Company determined to fully expense the entire amount of $3,000,000 since currently the related licensing rights do not have alternative future uses. According to ASC 730-10-25-1, absent alternative future uses the acquisition of product rights to be used in research and development activities must be charged to research and development expenses immediately. Hence, the entire amount of $3,000,000 is fully expensed as research and development expense during the year ended December 31, 2017. On June 30, 2019, BriVision entered into a Stock Purchase Agreement (the “Purchase Agreement”) with BioFirst Corporation. Pursuant to the Purchase Agreement, the Company issued 428,571 shares of the Company’s common stock to BioFirst in consideration for $3,000,000 owed by the Company to BioFirst (the “Total Payment”) in connection with a certain collaborative agreement between the Company and BioFirst dated July 24, 2017 (the “Collaborative Agreement”). Pursuant to the Collaborative Agreement, BioFirst granted the Company the global licensing right to co-develop BFC-1401 or ABV-1701 Vitreous Substitute for Vitrectomy for medical purposes in consideration for the Total Payment. On August 5, 2019, BriVision entered into a second Stock Purchase Agreement (“Purchase Agreement 2”) with BioFirst Corporation. Pursuant to Purchase Agreement 2, the Company issued 414,702 shares of the Company’s common stock to BioFirst in consideration for $2,902,911 owed by the Company to BioFirst in connection with a loan provided to BriVision from BioFirst.

Inventory

Inventory	9 Months Ended
	Sep. 30, 2022
Schedule Of Inventory [Abstract]
INVENTORY	4. INVENTORY Inventory consists of the following: September 30, December 31, (Unaudited) Finished goods $ 93,901 $ 96,725 Raw materials 62,537 84,620 Allowance for inventory valuation and obsolescence loss (135,949 ) (155,370 ) Inventory, net $ 20,489 $ 25,975

Property and Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	5. PROPERTY AND EQUIPMENT Property and equipment as of September 30, 2022 and December 31, 2021 are summarized as follows: September 30, December 31, (Unaudited) Land $ 350,079 $ 400,091 Buildings and leasehold improvements 2,222,965 2,235,061 Machinery and equipment 1,113,379 1,013,376 Office equipment 168,606 191,824 3,855,029 3,840,352 Less: accumulated depreciation (3,288,278 ) (3,314,471 ) Property and equipment, net $ 566,751 $ 525,881 Depreciation expenses were $6,462 and $2,856 for three months ended September 30, 2022 and 2021, respectively. Depreciation expenses were $17,364 and $8,725 for nine months ended September 30, 2022 and 2021, respectively.

Long-Term Investments

Long-Term Investments	9 Months Ended
	Sep. 30, 2022
Long Term Investment Abstract
LONG-TERM INVESTMENTS	6. LONG-TERM INVESTMENTS (1) The ownership percentages of each investee are listed as follows: Ownership percentage September 30, December 31, Accounting Name of related party 2022 2021 treatments Braingenesis Biotechnology Co., Ltd. 0.17 % 0.17 % Cost Method Genepharm Biotech Corporation 0.70 % 0.70 % Cost Method BioHopeKing Corporation 5.90 % 5.90 % Cost Method BioFirst Corporation 15.99 % 15.99 % Equity Method Rgene Corporation 31.62 % 31.62 % Equity Method (2) The extent the investee relies on the company for its business are summarized as follows: Name of related party The extent the investee relies on the Company for its business Braingenesis Biotechnology Co., Ltd. No specific business relationship Genepharm Biotech Corporation No specific business relationship BioHopeKing Corporation Collaborating with the Company to develop and commercialize drugs BioFirst Corporation Collaborating with the Company to develop and commercialize drugs Rgene Corporation Collaborating with the Company to develop and commercialize drugs (3) Long-term investment mainly consists of the following: September 30, December 31, (Unaudited) Non-marketable Cost Method Investments, net Braingenesis Biotechnology Co., Ltd. $ 6,948 $ 7,941 Genepharm Biotech Corporation 21,213 24,244 BioHopeKing Corporation 787,999 900,570 Sub total 816,160 932,755 Equity Method Investments, net BioFirst Corporation - - Rgene Corporation - - Total $ 816,160 $ 932,755 (a) BioFirst Corporation (the “BioFirst”): The Company holds an equity interest in BioFirst Corporation, accounting for its equity interest using the equity method to accounts for its equity investment as prescribed in ASC 323, Investments—Equity Method and Joint Ventures (“ASC 323”). Equity method adjustments include the Company’s proportionate share of investee’s income or loss and other adjustments required by the equity method. As of September 30, 2022 and December 31, 2021, the Company owns 15.99% and 15.99% common stock shares of BioFirst, respectively. The Company made prepayment for equity investment in BioFirst to purchase additional 317,000 shares to be issued by BioFirst in the aggregate amount of $599,130 and $684,720, recorded as prepayment for long-term investments as of September 30, 2022 and December 31, 2021, respectively. In 2021, the Company and BioFirst entered into several loan agreements for a total amount of $465,000 to meet its working capital needs. All the loans period was twelve months and all with an interest rate of 6.5% per annum. In 2022, the Company and BioFirst entered into several loan agreements for a total amount of $1,365,000 to meet its working capital needs. All the loans period was twelve months and with an interest rate of 6.5% per annum. As of September 30, 2022, and December 31, 2021, the outstanding loan balance was $1,830,000 and $465,000; and accrued interest was $81,404 and $2,325, respectively. In 2021, the Company and BioFirst entered into a collaborative agreement to allocate R&D cost, of which the amount due from BioFirst was $75,824 and $1,110 as of September 30, 2022 and December 31, 2021, respectively. The Board of the Company agreed to convert its amount due from BioFirst into equity, due to BioFirst’s capital raise, subject to the valuation report which justify the debt-to-equity transaction, by the end of 2022. As of September 30, 2022 and December 31, 2021, the Company has an aggregate amount of $2,586,658 and $1,153,155, respectively. Summarized financial information for the Company’s equity method investee, BioFirst, is as follows: Balance Sheet September 30, December 31, (Unaudited) Current Assets $ 1,680,108 $ 2,205,669 Non-current Assets 740,874 959,454 Current Liabilities 2,512,708 2,909,703 Non-current Liabilities 100,261 32,522 Stockholders’ Equity (Deficit) (191,987 ) 222,898 Statement of Operations Nine Months Ended 2022 2021 (Unaudited) Net sales $ 23,079 $ 17,451 Gross profit 5,747 5,414 Net loss (993,643 ) (887,230 ) Share of losses from investments accounted for using the equity method - (193,147 ) (b) Rgene Corporation (the “Rgene”) Both Rgene and the Company are under common control by Dr. Tsung-Shann Jiang, the CEO and Chairman of the BioLite Inc. Since Dr. Tsung-Shann Jiang is able to exercise significant influence, but not control, over the Rgene, the Company determined to use the equity method to account for its equity investment as prescribed in ASC 323, Investments—Equity Method and Joint Ventures (“ASC 323”). Equity method adjustments include the Company’s proportionate share of investee’s income or loss and other adjustments required by the equity method. As of September 30, 2022 and December 31, 2021, the Company owns 31.62% and 31.62% Common Stock shares of Rgene, respectively. On September 30, 2022, Dr. Tsung-Shann Jiang has been elected to become the Chairman of Rgene. Summarized financial information for the Company’s equity method investee, Rgene, is as follows: Balance Sheets September 30, December 31, (Unaudited) Current Assets $ 497,633 $ 73,452 Noncurrent Assets 311,612 374,423 Current Liabilities 1,796,491 1,934,786 Noncurrent Liabilities 20,340 - Shareholders’ Deficit (1,007,586 ) (1,486,911 ) Statement of Operations Nine Months Ended 2022 2021 (Unaudited) Net sales $ - $ - Gross Profit - - Net loss (450,995 ) (411,897 ) Share of loss from investments accounted for using the equity method - - (4) Disposition of long-term investment During the three and nine months ended September 30, 2022 and 2021, there is no disposition of long-term investment. (5) Losses on Equity Investments The components of losses on equity investments for each period were as follows: Nine Months Ended 2022 2021 (Unaudited) Share of equity method investee losses $ - $ (193,147 )

Convertible Notes Payable

Convertible Notes Payable	9 Months Ended
	Sep. 30, 2022
Convertible Notes Payable Disclosure [Abstract]
CONVERTIBLE NOTES PAYABLE	7. CONVERTIBLE NOTES PAYABLE On May 9, 2018, the Company issued an eighteen-month term unsecured convertible promissory note (the “Yu and Wei Note”) in an aggregate principal amount of $300,000 to Guoliang Yu and Yingfei Wei Family Trust (the “Yu and Wei”), pursuant to which the Company received $300,000. The Yu and Wei Note bears interest at 8% per annum. The Company shall pay to the Yu and Wei an amount in cash representing all outstanding principal and accrued and unpaid interest on the Eighteenth (18) month anniversary of the issuance date of the Yu and Wei Note, which is on November 8, 2019. In the event that the Company raises gross proceeds from the sale of its common stock of at least $5,000,000 (an “Equity Offering”) then within five days of the closing for such offering, the Company must repay the outstanding amount of this Yu and Wei Note. At any time from the date hereof until this Yu and Wei Note has been satisfied, the Yu and Wei may convert the unpaid and outstanding principal plus any accrued and unpaid interest and or default interest, if any, into shares of the Company’s common stock at a conversion price (the “Conversion Price”) equal to the lower of (i) $2.00 per share (the “Fixed Conversion Price”), subject to adjustment or (ii) 80% of the per share offering price (the “Alternative Conversion Price”) of any completed equity offering of the Company in an amount exceeding $500,000 that occurs when any part of the Yu and Wei Note is outstanding, subject to adjustments set forth in the Yu and Wei Note. In accordance with FASB ASC 470-20, the Company recognized none of the intrinsic value of embedded beneficial conversion feature present in the Yu and Wei Note. On January 21, 2020, Yu and Wei entered into a new agreement that the new Note bears interest at 20% per annum. The Company shall pay to the Yu and Wei an amount in cash representing all outstanding principal and accrued and unpaid interest on the Twelve (12) month anniversary of the issuance date of the new “Yu and Wei” Note, which is on January 20, 2021. On April 5, 2020, the Company entered into an exchange agreement with “Yu and Wei”. The aggregate principal amount plus accrued interest expenses were $354,722, and the Company agreed to issue to the Holders an aggregate of 192,784 shares of the Company’s common stock, and warrants to purchase 192,784 shares of the Company’s common stock. These common shares have been issued during the year ended December 31, 2020. On June 27, 2018, the Company issued an eighteen-month term unsecured convertible promissory note (the “Keypoint Note”) in the aggregate principal amount of $250,000 to Keypoint Technology Ltd. (“Keypoint”), a related party, pursuant to which the Company received $250,000. The Keypoint Note bears interest at 8% per annum. The Company shall pay to the Keypoint an amount in cash representing all outstanding principal and accrued and unpaid interest on the Eighteenth (18) month anniversary of the issuance date of the Keypoint Note, which is on December 26, 2019. In the event that the Company raises gross proceeds from the sale of its common stock of at least $5,000,000 (an “Equity Offering”) then within five days of the closing for such offering, the Company must repay the outstanding amount of this Keypoint Note. At any time from the date hereof until this Keypoint Note has been satisfied, Keypoint may convert the unpaid and outstanding principal plus any accrued and unpaid interest and or default interest, if any, into shares of the Company’s common stock at a conversion price (the “Conversion Price”) equal to the lower of (i) $2.00 per share (the “Fixed Conversion Price”), subject to adjustment or (ii) 80% of the per share offering price (the “Alternative Conversion Price”) of any completed equity offering of the Company in an amount exceeding $500,000 that occurs when any part of the Keypoint Note is outstanding, subject to adjustments set forth in the Keypoint Note. In accordance with FASB ASC 470-20, the Company recognized none of the intrinsic value of embedded beneficial conversion feature present in the Keypoint Note. On January 21, 2020, Keypoint entered into a new agreement that the new Note bears interest at 20% per annum. The Company shall pay to the Keypoint an amount in cash representing all outstanding principal and accrued and unpaid interest on the Twelve (12) month anniversary of the issuance date of the new “Keypoint” Note, which is on January 20, 2021. On April 5, 2020, the Company entered into an exchange agreement with “Keypoint”. The aggregate principal amount plus accrued interest expenses were $292,826, and the Company agreed to issue to the Holders an aggregate of 159,145 shares of the Company’s common stock, and warrants to purchase 159,145 shares of the Company’s common stock. These common shares have been issued during the year ended December 31, 2020. On August 25, 2018, the Company issued an eighteen-month term unsecured convertible promissory notes (the “Odaira Note”) in the aggregate principal amount of $250,000 to Yoshinobu Odaira. (“Odaira”), pursuant to which the Company received $250,000. The Odaira Note bears interest at 8% per annum. The Company shall pay to the Odaira an amount in cash representing all outstanding principal and accrued and unpaid interest on the Eighteenth (18) month anniversary of the issuance date of the Odaira Note, which is on February 24, 2020. In the event that the Company raises gross proceeds from the sale of its common stock of at least $5,000,000 (an “Equity Offering”) then within five days of the closing for such offering, the Company must repay the outstanding amount of this Odaira Note. At any time from the date hereof until this Odaira Note has been satisfied, Odaira may convert the unpaid and outstanding principal plus any accrued and unpaid interest and or default interest, if any, into shares of the Company’s common stock at a conversion price (the “Conversion Price”) equal to the lower of (i) $2.00 per share (the “Fixed Conversion Price”), subject to adjustment or (ii) 80% of the per share offering price (the “Alternative Conversion Price”) of any completed equity offering of the Company in an amount exceeding $500,000 that occurs when any part of the Odaira Note is outstanding, subject to adjustments set forth in the Odaira Note. In accordance with FASB ASC 470-20, the Company recognized none of the intrinsic value of embedded beneficial conversion feature present in the Odaira Note. On January 21, 2020, Odaira entered into a new agreement that the new Note bears interest at 20% per annum. The Company shall pay to the Odaira an amount in cash representing all outstanding principal and accrued and unpaid interest on the Twelve (12) month anniversary of the issuance date of the new “Odaira” Note, which is on January 20, 2021. On April 5, 2020, the Company entered into an exchange agreement with “Odaira”. The aggregate principal amount plus accrued interest expenses were $284,036, and the Company agreed to issue to the Holders an aggregate of 154,368 shares of the Company’s common stock, and warrants to purchase 154,368 shares of the Company’s common stock. These common shares have been issued during the year ended December 31, 2020. On May 30 and July 10, 2019, the Company issued two (2) twelve-month term unsecured convertible promissory notes (the “KSL Note”) in an aggregate principal amount of $250,000 to Kuo Sheng Lung (the “KSL”), pursuant to which the Company received $160,000 and $90,000, respectively. The KSL Note bears interest at 20% per annum. The Company shall pay to KSL an amount in cash representing all outstanding principal and accrued and unpaid interest on the Twelve (12) month anniversary of the issuance date of the KSL Note, which is on May 29, 2020 and July 9, 2020. At any time from the issuance date until the KSL Note has been satisfied, the KSL may convert the unpaid and outstanding principal plus any accrued and unpaid interest and or default interest, if any, into shares of the Company’s common stock at a conversion price (the “Conversion Price”) equal to the lower of (i) $0.50 per share (the “Fixed Conversion Price”), subject to adjustment, or (ii) 70% of the per share offering price (the “Alternative Conversion Price”) of the completed public equity offering of the Company in an amount exceeding $10,000,000 as stated on the registration statement on a Form S-1 filed with the Securities and Exchange Commission on November 14, 2018 (the “Public Offering”), as amended from time to time. In accordance with FASB ASC 470-20, the Company recognized none of the intrinsic value of the embedded beneficial conversion feature present in the KSL Note. On May 13, 2020, the Company received an acknowledgement letter from KSL that they will not claim the repayment of loan for 12 months. On November 9, 2020, the Company entered into an agreement with “KSL”. The aggregate principal amount plus accrued interest expenses are $270,272, and KSL agreed to use the full amount to purchase certain securities pursuant to a securities purchase agreement; KSL agreed to purchase and the Company agreed to issue 120,121 shares of the Company’s common stock and warrants for a purchase price of $270,272. During the year ended December 31, 2020, the Company issued to the Holders an aggregate of 120,121 shares of the Company’s common stock. On July 10, 2019, the Company issued a twelve-month term unsecured convertible promissory note (the “NEA Note”) in an aggregate principal amount of $250,000 to New Eastern Asia (the “NEA”), a related party, pursuant to which the Company received $250,000 on July 10, 2019. The NEA Note bears interest at 20% per annum. The Company shall pay to the NEA an amount in cash representing all outstanding principal and accrued and unpaid interest on the Twelve (12) month anniversary of the issuance date of the NEA Note, which is on July 9, 2020. At any time from the date hereof until this NEA Note has been satisfied, the NEA may convert the unpaid and outstanding principal plus any accrued and unpaid interest and or default interest, if any, into shares of the Company’s common stock at a conversion price (the “Conversion Price”) equal to the lower of (i) $.50 per share (the “Fixed Conversion Price”), subject to adjustment, or (ii) 70% of the per share offering price (the “Alternative Conversion Price”) of the completed public equity offering of the Company in an amount exceeding $10,000,000 as stated on the registration statement on a Form S-1 filed with the Securities and Exchange Commission on November 14, 2018 (the “Public Offering”), as amended from time to time. In accordance with FASB ASC 470-20, the Company recognized none of the intrinsic value of embedded beneficial conversion feature present in the NEA Note. During the year ended December 31, 2020, the Company issued 111,112 shares of common stock to repay the outstanding balance. On August 28, 2019, the Company issued a twelve-month term unsecured convertible promissory note (the “KLS Note”) in an aggregate principal amount of $200,000 to Kuo Li Shen (the “KLS”), pursuant to which the Company received $200,000 on August 28, 2019. The KLS Note bears interest at 20% per annum. The Company shall pay to the KLS an amount in cash representing all outstanding principal and accrued and unpaid interest on the Twelve (12) month anniversary of the issuance date of the KLS Note, which is on August 27, 2020. At any time from the date hereof until this KLS Note has been satisfied, the KLS may convert the unpaid and outstanding principal plus any accrued and unpaid interest and or default interest, if any, into shares of the Company’s common stock at a conversion price (the “Conversion Price”) equal to the lower of (i) $.50 per share (the “Fixed Conversion Price”), subject to adjustment, or (ii) 70% of the per share offering price (the “Alternative Conversion Price”) of the completed public equity offering of the Company in an amount exceeding $10,000,000 as stated on the registration statement on a Form S-1 filed with the Securities and Exchange Commission on November 14, 2018 (the “Public Offering”), as amended from time to time. In accordance with FASB ASC 470-20, the Company recognized none of the intrinsic value of embedded beneficial conversion feature present in the KLS Note. On April 20, 2020, the Company entered into an exchange agreement with KLS. The aggregate principal amount plus accrued interest expenses were $225,222, and the Company agreed to issue to the Holders an aggregate of 126,530 shares of the Company’s common stock, and warrants to purchase 126,530 shares of common stock. These common shares have been issued during the year ended December 31, 2020 On September 4, 2019, the Company issued 3 twelve-month term unsecured convertible promissory note (the “C.L.L. Note”) in an aggregate principal amount of $257,500 to Chang Ping Shan, Lin Shan Tyan, and Liu Ching Hsuan (together the “C.L.L.”), pursuant to which the Company received $257,500 on September 4, 2019. Chang Ping Shan and Liu Ching Hsuan are related parties to the Company. The C.L.L. Note bears interest at 20% per annum. The Company shall pay to the C.L.L. an amount in cash representing all outstanding principal and accrued and unpaid interest on the Twelve (12) month anniversary of the issuance date of the C.L.L. Note, which is on September 3, 2020. At any time from the date hereof until this C.L.L. Note has been satisfied, the C.L.L. may convert the unpaid and outstanding principal plus any accrued and unpaid interest and or default interest, if any, into shares of the Company’s common stock at a conversion price (the “Conversion Price”) equal to the lower of (i) $.50 per share (the “Fixed Conversion Price”), subject to adjustment, or (ii) 70% of the per share offering price (the “Alternative Conversion Price”) of the completed public equity offering of the Company in an amount exceeding $10,000,000 as stated on the registration statement on a Form S-1 filed with the Securities and Exchange Commission on November 14, 2018 (the “Public Offering”), as amended from time to time. In accordance with FASB ASC 470-20, the Company recognized none of the intrinsic value of embedded beneficial conversion feature present in the C.L.L. Note. On April 20, 2020, the Company entered into an exchange agreement with C.L.L.. The aggregate principal amount plus accrued interest expenses were $289,974, and the Company agreed to issue to the Holders an aggregate of 162,908 shares of the Company’s common stock, and warrants to purchase 162,908 shares of common stock. These common shares have been issued during the year ended December 31, 2020 On October 29, 2019, the Company issued a twelve-month term unsecured convertible promissory note (the “Lee Note”) in an aggregate principal amount of $250,000 to Hwalin Lee (the “Lee”), a related party, pursuant to which the Company received $250,000 on October 29, 2019. The Lee Note bears interest at 20% per annum. The Company shall pay to the Lee an amount in cash representing all outstanding principal and accrued and unpaid interest on the Twelve (12) month anniversary of the issuance date of the Lee Note, which is on October 28, 2020. At any time from the date hereof until this Lee Note has been satisfied, the Lee may convert the unpaid and outstanding principal plus any accrued and unpaid interest and or default interest, if any, into shares of the Company’s common stock at a conversion price (the “Conversion Price”) equal to the lower of (i) $.50 per share (the “Fixed Conversion Price”), subject to adjustment, or (ii) 70% of the per share offering price (the “Alternative Conversion Price”) of the completed public equity offering of the Company in an amount exceeding $10,000,000 as stated on the registration statement on a Form S-1 filed with the Securities and Exchange Commission on November 14, 2018 (the “Public Offering”), as amended from time to time. In accordance with FASB ASC 470-20, the Company recognized none of the intrinsic value of embedded beneficial conversion feature present in the Lee Note. In January 2021, the Company paid off the convertible promissory note of $306,836, including principal and accrued and unpaid interest expense. On October 23, 2020, the Company entered into a Securities Purchase Agreement (the “October SPA”) with one accredited investor. Pursuant to the October SPA, the Company sold and issued a convertible promissory note (the “October Note”) in the principal amount of $2,500,000 to the investor and received the payment from such investor on October 30, 2020. The October Note was issued on October 23, 2020 and the maturity date of the October Note is the twenty-four (24) month anniversary from the issuance date (the “Maturity Date”). Upon the Maturity Date, the Company shall pay to the holder, in cash, an amount representing all outstanding principal amount and accrued and unpaid interest under the October Note. The October Note bears an interest rate of ten percent (10%) per annum and may be convertible into shares of the Company’s common stock at a fixed conversion price of $2.25 per share. The holder of the October Note may elect to convert part or all of the outstanding balance of the October Note from the issuance date until the Maturity Date. The Company may prepay the outstanding amount at any time, in whole or in part. On May 17, 2021, the parties to the October SPA signed Amendment No. 1 to Promissory Note (the “Amendment”). Pursuant to the Amendment, the Note shall also be automatically converted into shares of the Company’s common stock immediately following the Company’s receipt of conditional approval to list its common stock on the NASDAQ stock market, if and when the Company receives such approval, at a conversion price equal to $2.25 per share. On July 21, 2021, The Company converted all convertible promissory note amounted $2,500,000 into 1,111,112 shares of the Company’s common stock and warrants. As of September 30, 2022 and December 31, 2021, the aggregate carrying values of the convertible debentures were both $0; and accrued convertible interest were both $0. Total interest expenses in connection with the above convertible note payable were $0 and $20,833 for the three months ended September 30, 2022 and 2021, respectively. Total interest expenses in connection with the above convertible note payable were $0 and $150,230 for the nine months ended September 30, 2022 and 2021, respectively.

Bank Loans

Bank Loans	9 Months Ended
	Sep. 30, 2022
Bank Loans Abstract
BANK LOANS	8. BANK LOANS (1) Short-term bank loan consists of the following: September 30, December 31, 2022 2021 Cathay United Bank $ 236,250 $ 270,000 CTBC Bank 630,000 720,000 Cathay Bank 1,000,000 650,000 Total $ 1,866,250 $ 1,640,000 Cathay United Bank On June 28, 2016, BioLite Taiwan and Cathay United Bank entered into a one-year bank loan agreement (the “Cathay United Loan Agreement”) in an amount of NT$7,500,000, equivalent to $236,250. The term started June 28, 2016 with maturity date at June 28, 2017. The loan balance bears interest at a floating rate of prime rate plus 1.15%. The prime rate is based on term deposit saving interest rate of Cathay United Bank. On September 6, 2017, BioLite Taiwan extended the Cathay United Loan Agreement for one year, which was due on September 6, 2018, with the principal amount of NT$7,500,000, equivalent to $236,250. On October 1, 2018, BioLite Taiwan extended the Cathay United Loan Agreement with the same principal amount of NT$7,500,000, equivalent to $236,250 for one year, which was due on September 6, 2019. On September 6, 2019, BioLite Taiwan extended the Cathay United Loan Agreement with the same principal amount of NT$7,500,000, equivalent to $236,250 for one year, which is due on September 6, 2020. On September 6, 2020, BioLite Taiwan extended the Cathay United Loan Agreement with the same principal amount of NT$7,500,000, equivalent to $236,250 for one year, which is due on September 6, 2021. On September 6, 2021, BioLite Taiwan extended the Cathay United Loan Agreement with the same principal amount of NT$7,500,000, equivalent to $236,250 for one year, which is due on September 6, 2022. On September 6, 2022, BioLite Taiwan extended the Cathay United Loan Agreement with the same principal amount of NT$7,500,000, equivalent to $236,250 for one year, which is due on September 6, 2023. As of September 30, 2022 and December 31, 2021, the effective interest rates per annum was 2.54% and 2.10%, respectively. The loan is collateralized by the building and improvement of BioLite Taiwan, and is also personal guaranteed by the Company’s chairman. Interest expenses were $1,604 and $1,417 for the three months ended September 30, 2022 and 2021, respectively. Interest expenses were $4,401 and $4,221 for the nine months ended September 30, 2022 and 2021, respectively. CTBC Bank On June 12, 2017 and July 19, 2017, BioLite Taiwan and CTBC Bank entered into short-term saving secured bank loan agreements (the “CTBC Loan Agreements”) in an amount of NT$10,000,000, equivalent to $315,000, and NT$10,000,000, equivalent to $315,000, respectively. Both two loans with the same maturity date at January 19, 2018. In February 2018, BioLite Taiwan combined two loans and extended the loan contract with CTBC for one year. On January 18, 2019, BioLite Taiwan and CTBC Bank agreed to extend the loan with a new maturity date, which was July 18, 2019. On July 18, 2019, BioLite Taiwan extended the CTBC Loan Agreement with the same principal amount of NT$20,000,000, equivalent to $630,000 for six months, which is due on January 17, 2020. On January 19, 2020, BioLite Taiwan extended the CTBC Loan Agreement with the same principal amount of NT$20,000,000, equivalent to $630,000 for six months, which is due on July 19, 2020. On July 17, 2020, BioLite Taiwan extended the CTBC Loan Agreement with the same principal amount of NT$20,000,000, equivalent to $630,000 for six months, which is due on January 15, 2021. On January 15, 2021, BioLite Taiwan extended the CTBC Loan Agreement with the same principal amount of NT$20,000,000, equivalent to $630,000 for six months, which is due on July 15, 2021. On July 15, 2021, BioLite Taiwan extended the CTBC Loan Agreement with the same principal amount of NT$20,000,000, equivalent to $630,000 for six months, which is due on January 14, 2022. On January 14, 2022, BioLite Taiwan extended the CTBC Loan Agreement with the same principal amount of NT$20,000,000, equivalent to $630,000 for six months, which is due on July 14, 2022. On July 14, 2022, BioLite Taiwan extended the CTBC Loan Agreement with the same principal amount of NT$20,000,000, equivalent to $630,000 for six months, which is due on January 14, 2023. The loan balances bear interest at a fixed rate of 2.00% per annum. The loan is secured by the money deposited in a savings account with the CTBC Bank. This loan was also personal guaranteed by the Company’s chairman and BioFirst. During the year ended December 31, 2020, BioLite Taiwan has opened a TCD account with CTBC bank to guarantee the loan going forward. Interest expenses were $3,289 and $3,023 for the three months ended September 30, 2022 and 2021, respectively. Interest expenses were $9,002 and $9,005 for the nine months ended September 30, 2022 and 2021, respectively. Cathay Bank On January 21, 2019, the Company received a loan in the amount of $500,000 from Cathay Bank (the “Bank”) pursuant to a business loan agreement (the “Loan Agreement”) entered by and between the Company and Bank on January 8, 2019 and a promissory note (the “Note”) executed by the Company on the same day. The Loan Agreement provides for a revolving line of credit in the principal amount of $1,000,000 with a maturity date (the “Maturity Date”) of January 1, 2020. The Note executed in connection with the Loan Agreement bears an interest rate (the “Regular Interest Rate”) equal to the sum of one percent (1%) and the prime rate as published in the Wall Street Journal (the “Index”) and the accrued interest shall become payable each month from February 1, 2019. Pursuant to the Note, the Company shall pay the entire outstanding principal plus accrued unpaid interest on the Maturity Date and may prepay portion or all of the Note before the Maturity Date without penalty. If the Company defaults on the Note, the default interest rate shall become five percent (5%) plus the Regular Interest Rate. In connection with the Note and Loan Agreement, on January 8, 2019, each of Dr. Tsung Shann Jiang and Dr. George Lee, executed a commercial guaranty (the “Guaranty”) to guaranty the loans for the Company pursuant to the Loan Agreement and Note, severally and individually, in the amount not exceeding $500,000 each until the entire Note plus interest are fully paid and satisfied. Dr. Tsung Shann Jiang is the Chairman and Chief Executive Officer of BioLite Holding, Inc. and Dr. George Lee serves as the Chairman of the board of directors of BioKey. On December 29, 2020, the Company entered into a new loan extension agreement and assignment of deposit account with the Bank, which allowed Dr. Tsung Shann Jiang and Dr. George Lee to be removed as guarantees from the list of Guaranty. In addition, on January 8, 2019, each of the Company and BioKey, a wholly-owned subsidiary of the Company, signed a commercial security agreement (the “Security Agreement”) to secure the loans under the Loan Agreement and the Note. Pursuant to the Security Agreements, each of the Company and BioKey (each, a “Grantor”, and collectively, the “Grantors”) granted security interest in the collaterals as defined therein, comprised of almost all of the assets of each Grantor, to secure such loans for the benefit of the Bank. On June 30, 2020, the Company extended the Loan Agreement with the same term for seven months, which is due on October 31, 2020. On April 8, 2020 and October 3, 2020, the Company repaid an aggregated principal amount of $350,000. On December 3, 2020, the Company renewed the Loan Agreement with the principal amount of $650,000 for ten months, which is due on October 31, 2021. On October 31, 2021, the Company renewed the Loan Agreement with the principal amount of $650,000 for twelve months, which is due on October 30, 2022. On September 24, 2021, the Cathay Bank has increased the line of credit to $1,000,000 from $650,000. As of September 30, 2022 and December 31, 2021, the effective interest rates per annum was 6.25% and 3.75%, respectively and the outstanding loan balance were $1,000,000 and $650,000. Interest expenses were $12,446 and $4,014 for the three months ended September 30, 2022 and 2021, respectively. Interest expenses were $28,109 and $11,911 for the nine months ended September 30, 2022 and 2021, respectively.

Paycheck Protection Program Loa

Paycheck Protection Program Loan Payable	9 Months Ended
	Sep. 30, 2022
Paycheck Protection Program Loan Payable Abstract
PAYCHECK PROTECTION PROGRAM LOAN PAYABLE	9. PAYCHECK PROTECTION PROGRAM LOAN PAYABLE On April 14, 2020, the Company received a loan in the amount of $124,400 under the Paycheck Protection Program (“PPP”) administered by the United States Small Business Administration (the “SBA”) from East West Bank. According to the Coronavirus Aid, Relief, and Economic Security Act (the “Cares Act”), PPP loan provides for forgiveness of up to the full principal amount and accrued interest if the funds are used for payroll costs, interest on mortgages, rent, and utilities. However, at least 60% of the forgiven amount must have been used for payroll. The loan was granted pursuant to a promissory note dated April 14, 2020 issued by the Company, which matures on April 13, 2022 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 two years after the date of the promissory note. In addition, the Company will pay regular monthly payments in an amount equal to one month’s accrued interest commencing on the date that is seven months after the date of the promissory note, with all subsequent interest payments to be due on the same day of each month after that. No collateral or personal guarantees are required. On January 29, 2021, BioKey received a loan in the amount of $132,331 under the Paycheck Protection Program administered by the United States Small Business Administration from East West Bank. According to the Coronavirus Aid, Relief, and Economic Security Act, PPP loan provides for forgiveness of up to the full principal amount and accrued interest if the funds are used for payroll costs, interest on mortgages, rent, and utilities. However, at least 60% of the forgiven amount must have been used for payroll. 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. On February 7, 2021, the Company received a loan in the amount of $104,167 under the Paycheck Protection Program administered by the United States Small Business Administration from Cathay Bank. According to the Coronavirus Aid, Relief, and Economic Security Act, PPP loan provides for forgiveness of up to the full principal amount and accrued interest if the funds are used for payroll costs, interest on mortgages, rent, and utilities. However, at least 60% of the forgiven amount must have been used for payroll. The loan was granted pursuant to a promissory note dated February 7, 2021 issued by the Company, which matures on February 6, 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. PPP loan Forgiveness On February 27, 2021, the Company submitted all required documents, such as application form and use of funds, to East West Bank for the application of forgiveness. The PPP loan from East West Bank of $124,400 and $132,331 was forgiven by the SBA as a gesture of supporting the operation of the Company on March 15, 2021 and September 28, 2021, respectively. On September 23, 2021, the Company submitted the required documents, such as application form and use of funds, to Cathay Bank for the application of forgiveness. The PPP loan from Cathay Bank of $104,167 was forgiven by the SBA as a gesture of supporting the operation of the Company on November 15, 2021. As a result, the Company recorded the forgiveness of the PPP loans as government grant income in the aggregate amount of $360,898 during the year ended December 31, 2021. As of September 30, 2022, there was no outstanding balance payable to the bank.

Notes Payable

Notes Payable	9 Months Ended
	Sep. 30, 2022
Notes Payable [Abstract]
NOTES PAYABLE	10. NOTES PAYABLE 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. On September 11, 2021 the outstanding balance has been repaid in full. As of September 30, 2022 and December 31, 2021, the balance due to this individual amounted to both $0. Interest expense were $0 and $2,142 for the three months ended September 30, 2022 and 2021, respectively. Interest expense were $0 and $8,568 for the nine months ended September 30, 2022 and 2021, respectively.

Short-Term Loan

Short-Term Loan	9 Months Ended
	Sep. 30, 2022
Short-Term Loan [Abstract]
SHORT-TERM LOAN	11. SHORT-TERM LOAN On February 18, 2020, the Company entered an unsecured loan agreement with a third-party in the amount of $100,000. This loan bears the interest rate of 1.5% per annum and will be matured on August 17, 2020. On August 18, 2020, the Company extended the contract for six months under the same term. On February 18, 2021, the Company extended the contract for six months under the same term. On August 26, 2021, the loan with interest has been repaid in full. Accrued interest expense were both $0 as of September 30, 2022 and December 31, 2021.

Related Parties Transactions

Related Parties Transactions	9 Months Ended
	Sep. 30, 2022
Related Party Transactions [Abstract]
RELATED PARTIES TRANSACTIONS	12. RELATED PARTIES TRANSACTIONS The related parties of the company with whom transactions are reported in these financial statements are as follows: Name of entity or Individual Relationship with the Company and its subsidiaries BioFirst Corporation (the “BioFirst”) Entity controlled by controlling beneficiary shareholder of YuanGene BioFirst (Australia) Pty Ltd. (the “BioFirst (Australia)”) 100% owned by BioFirst; Entity controlled by controlling beneficiary shareholder of YuanGene Rgene Corporation (the “Rgene”) Shareholder of the Company; Entity controlled by controlling beneficiary shareholder of YuanGene; the Chairman of Rgene is Mr. Tsung-Shann Jiang YuanGene Corporation (the “YuanGene”) Controlling beneficiary shareholder of the Company AsiaGene Corporation (the “AsiaGene”) Shareholder; entity controlled by controlling beneficiary shareholder of YuanGene Eugene Jiang Former President and Chairman Keypoint Technology Ltd. (the “Keypoint’) The Chairman of Keypoint is Eugene Jiang’s mother. Lion Arts Promotion Inc. (the “Lion Arts”) Shareholder of the Company Yoshinobu Odaira (the “Odaira”) Director of the Company GenePharm Inc. (the “GenePharm”) Dr. George Lee, Board Director of Biokey, is the Chairman of GenePharm. Euro-Asia Investment & Finance Corp Ltd. (the “Euro-Asia”) Shareholder of the Company LBG USA, Inc. (the “LBG USA”) 100% owned by BioFirst; Entity controlled by controlling beneficiary shareholder of YuanGene LionGene Corporation (the “LionGene”) Shareholder of the Company; Entity controlled by controlling beneficiary shareholder of YuanGene Kimho Consultants Co., Ltd. (the “Kimho”) Shareholder of the Company The Jiangs Mr. Tsung-Shann Jiang, the controlling beneficiary shareholder of the Company; the Chairman of Rgene; the Chairman and CEO of the BioLite Holding Inc. and BioLite Inc. and the President and a member of board of directors of BioFirst Amkey Ventures, LLC (“Amkey”) An entity controlled by Dr. George Lee, who serves as one of the board directors of BioKey, Inc BioLite Japan Entity controlled by controlling beneficiary shareholder of ABVC ABVC BioPharma (HK), Limited An entity 100% owned by Mr. Tsung-Shann Jiang Accounts receivable - related parties Accounts receivable due from related parties consisted of the following as of the periods indicated: September 30, December 31, 2022 2021 GenePharm Inc. $ - $ 142,225 Rgene - 2,374 Amkey - 800 Total $ - $ 145,399 (1) During the third quarter of 2022, the Company made an impairment to write off the long-due balance from GenePharm Inc. as it existed over 1 year. Due from related parties Amount due from related parties consisted of the following as of the periods indicated: Due from related party - Current September 30, December 31, 2022 2021 Rgene $ 500,000 $ - Total $ 500,000 $ - Due from related parties – Non-Current September 30, December 31, 2022 2021 Rgene $ 1,480 $ 49,110 BioFirst (Australia) 1,038,775 491,816 BioHopeKing Corporation - 124,972 LBG USA - 675 BioLite Japan 150,000 150,000 Keypoint - 1,610 Total $ 1,190,255 $ 818,183 (1) As of September 30, 2022, and December 31, 2021, the Company has advanced an aggregate amount of $500,000 and $0 as current amount due from related party, and $1,480 and $49,110 to Rgene as non-current amount due from related party for working capital purpose. Under the terms of the loan agreement, the loan bears interest at 1% per month (or equivalent to 12% per annum). As of September 30, 2022, and December 31, 2021, the outstanding loan balance was $501,480 and $33,520, which including the loan agreement signed in June 2022 amounted $500,000, according to the agreement, the Company provided a one-year convertible loan with a principal amount of $1,000,000 to Rgene which bears interest at 5% per annum for the use of working capital that, if fully converted, would result in ABVC owning an additional 6.4% of Rgene. 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. The Company is expected to receive the outstanding loan from the related party by the end of 2022, either by cash or conversion of shares of Rgene. On January 1, 2021, BioLite Taiwan entered into a consultant services agreement with Rgene. The outstanding amount was settled during September 2022, and the amount due from Rgene was $0 and $1,889 as of September 30, 2022 and December 31, 2021, respectively. (2) On July 1, 2020, the Company entered into a loan agreement with BioFirst (Australia) for $361,487 to properly record R&D cost and tax refund allocation based on co-development contract executed on July 24, 2017. The loan was originally set to be mature on September 30, 2021 with an interest rate of 6.5% per 2annum, but $249,975 of which has been settled in July 2021. On September 7, 2021, the Company entered into a loan agreement with BioFirst (Australia) for $67,873 to meet its new project needs. On December 1, 2021, the Company entered into a loan agreement with BioFirst (Australia) for $250,000 to increase the cost for upcoming projects. The loan will be matured on November 30, 2022 with an interest rate of 6.5% per annum. In 2022, the Company entered into several loan agreements with BioFirst (Australia) for a total amount of $507,000 to increase the cost for upcoming projects. All the loans period was twelve months with an interest rate of 6.5% per annum. As of September 30, 2022 and December 31, 2021, the aggregate amount of outstanding loan and accrued interest and allocated research fee was $1,038,775 and $491,816, respectively. The Company is expected to receive the outstanding amount in full by the end of 2022. (3) On February 24, 2015, BioLite Taiwan and BioHopeKing Corporation (the “BHK”) entered into a co-development agreement, (the “BHK Co-Development Agreement”, see Note 3). The development costs shall be shared 50/50 between BHK and the Company. Under the term of the agreement, BioLite issued relevant development cost to BHK. As of September 30, 2022 and December 31, 2021, due from BHK was $0 and $124,972, respectively. The Company made an impairment to write off the amount due from BHK. (4) On February 27, 2019, the Company has advanced funds to LBG USA for working capital purpose. The advances bear 0% interest rate and are due on demand. As of September 30, 2022 and December 31, 2021, the outstanding advance balances was $0 and $675, respectively. The Company made an impairment to write off the amount due from LBG USA. (5) On May 8, 2020, the Company and Lucidaim entered into a Letter of Intent (LOI) in regard to a potential joint venture of BioLite Japan. Based on the LOI, each party will advance an aggregated amount of $150,000 to meet BioLite Japan’s working capital needs, which the Company advanced an amount of $150,000 and the advance bear 0% interest rate. As of September 30, 2022 and December 31, 2021, the outstanding advance balances was $150,000 and $150,000, respectively. The Company is expected to receive the outstanding amount by the end of 2022. (6) On October 31, 2020, the Company has advanced an aggregate amount of $1,610 to Keypoint for working capital purpose. Under the terms of the loan agreement, the loan bears interest at 6.5% per annum and the loan will be matured on October 30, 2021. As of September 30, 2022 and December 31, 2021, the outstanding loan balance was $0 and $1,610, respectively. The Company made an impairment to write off the amount due from Keypoint. Due to related parties Amount due to related parties consisted of the following as of the periods indicated: September 30, December 31, 2022 2021 BioFirst Corporation $ 40,878 $ 40,878 BioFirst (Australia) 211,147 132,443 AsiaGene 24,017 24,017 YuanGene 9,205 9,205 The Jiangs 19,789 18,750 Due to shareholders 146,790 168,131 Total $ 451,826 $ 393,424 (1) Since 2019, BioFirst has advanced funds to the Company for working capital purpose. The advances bear interest 1% per month (or equivalent to 12% per annum). As of September 30, 2022 and December 31, 2021, the aggregate amount of outstanding balance and accrued interest is $40,878. (2) As of September 30, 2022, and December 31, 2021, BioFirst (Australia) has advanced the Company an aggregate amount of $211,147 and $132,443, respectively for new project purpose. (3) As of September 30, 2022, and December 31, 2021, AsiaGene has advanced the Company an aggregate amount of $24,017 for working capital purpose. This advance bears 0% interest rate and is due on demand. (4) As of September 30, 2022, and December 31, 2021, YuanGene has advanced the Company an aggregate amount of $9,205 for working capital purpose. This advance bears 0% interest rate and is due on demand. (5) Since 2019, the Jiangs advanced funds to the Company for working capital purpose. As of September 30, 2022, and December 31, 2021, the outstanding balance due to the Jiangs amounted to $19,789 and $18,750, respectively. These loans bear interest rate of 0% to 1% per month, and are due on demand. (6) Since 2018, the Company’s shareholders have advanced funds to the Company for working capital purpose. The advances bear interest rate of 12% per annum. As of September 30, 2022 and December 31, 2021, the outstanding principal and accrued interest was $146,790 and $168,131, respectively. Interest expenses in connection with these loans were $5,208 and $5,679 for the three months ended September 30, 2022 and 2021, respectively. Interest expenses in connection with these loans were $15,922 and $16,670 for the nine months ended September 30, 2022 and 2021, respectively.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	13. INCOME TAXES Income tax expense for the three-month and nine-month periods ended September 30, 2022 and 2021 consisted of the following: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Current: Federal $ - $ - $ - $ - State 800 - 1,600 800 Foreign - - - - Total Current $ 800 $ - $ 1,600 $ 800 Deferred: Federal $ - $ - $ - $ - State - - - - Foreign 3,422 (75,667 ) (166,696 ) (187,055 ) Total Deferred $ 3,422 $ (75,667 ) $ (166,696 ) $ (187,055 ) Total provision for income taxes $ 4,222 $ (75,667 ) $ (165,096 ) $ (186,255 ) Deferred tax assets (liability) as of September 30, 2022 and December 31, 2021 consist approximately of: September 30, December 31, 2022 2021 Loss on impairment of Assets 648,716 741,390 Net operating loss carryforwards in the Taiwan 402,245 283,725 Tax credit of investment 610,914 698,187 Gross 1,661,875 1,723,302 Valuation allowance (648,716 ) (741,390 ) Net $ 1,013,159 $ 981,912

Equity

Equity	9 Months Ended
	Sep. 30, 2022
Stockholders' Equity Note [Abstract]
EQUITY	14. EQUITY On February 8, 2016, a Share Exchange Agreement (“Share Exchange Agreement”) was entered into by and among the Company, BriVision, Euro-Asia Investment & Finance Corp. Limited, a company incorporated under the laws of Hong Kong Special Administrative Region of People’s Republic of China (“Euro-Asia”), being the owners of record of 164,387,376 (52,336,000 pre-stock split) shares of Common Stock of the Company, and the owners of record of all of the issued share capital of BriVision (the “BriVision Stock”). Pursuant to the Share Exchange Agreement, upon surrender by the BriVision Shareholders and the cancellation by BriVision of the certificates evidencing the BriVision Stock as registered in the name of each BriVision Shareholder, and pursuant to the registration of the Company in the register of members maintained by BriVision as the new holder of the BriVision Stock and the issuance of the certificates evidencing the aforementioned registration of the BriVision Stock in the name of the Company, the Company should issue 166,273,921(52,936,583 pre-stock split) shares (the “Acquisition Stock”) (subject to adjustment for fractionalized shares as set forth below) of the Company’s Common Stock to the BriVision Shareholders (or their designees), and 163,159,952 (51,945,225 pre-stock split) shares of the Company’s Common Stock owned by Euro-Asia should be cancelled and retired to treasury. The Acquisition Stock collectively should represent 79.70% of the issued and outstanding Common Stock of the Company immediately after the Closing, in exchange for the BriVision Stock, representing 100% of the issued share capital of BriVision in a reverse merger, or the Merger. Pursuant to the Merger, all of the issued and outstanding shares of BriVision’s Common Stock were converted, at an exchange ratio of 0.2536-for-1, into an aggregate of 166,273,921(52,936,583 pre-stock split) shares of Company’s Common Stock and BriVision became a wholly owned subsidiary, of the Company. The holders of Company’s Common Stock as of immediately prior to the Merger held an aggregate of 205,519,223 (65,431,144 pre-stock split) shares of Company’s Common Stock, Because of the exchange of the BriVision Stock for the Acquisition Stock (the “Share Exchange”), BriVision became a wholly owned subsidiary (the “Subsidiary”) of the Company and there was a change of control of the Company following the closing. There were no warrants, options or other equity instruments issued in connection with the share exchange agreement. On February 17, 2016, pursuant to the 2016 Equity Incentive Plan (the “2016 Plan”), 157,050 (50,000 pre-stock split) shares were granted to the employees. On March 21, 2016, the Board of Directors of the Company approved an amendment to Articles of Incorporation to effect a forward split at a ratio of 1 to 3:141 (the “Forward Stock Split”) and increase the number of our authorized shares of Common Stock, par value $0.001 per share, to 360,000,000, which was effective on April 8, 2016. 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. On August 26, 2016, the Company issued 1,468,750 shares (“Shares”) of the Company’s Common Stock, par value $0.001 (the “Offering”) to BioLite Taiwan pursuant to a certain Stock Purchase Agreement dated August 26, 2016 (the “SPA”). The Shares are exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), pursuant to Regulation S of the Securities Act promulgated thereunder. The purchase price per share of the Offering is $1.60. The net proceeds to the Company from the Offering are approximately $2,350,000. Pursuant to the BioLite Collaborative Agreement, BriVision should pay a total of $100,000,000 in cash or stock of the Company with equivalent value according to the milestone achieved. The agreement requires that 6.5% of total payment, $6,500,000 shall be made upon the first IND submission which was submitted in March 2016. 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). On February 8, 2019, after the Merger, the Company issued 74,997,546 shares to the shareholders of BioLite and 29,561,231 shares to the shareholders of BioKey. 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. On October 1, 2016, the Company entered into a consulting agreement with Kazunori Kameyama (“Kameyama”) for the provision of services related to the clinical trials and other administrative work, public relation work, capital raising, trip coordination, In consideration for providing such services, the Company agreed to indemnify the consultant in an amount of $150 per hour in cash up to $3,000 per month, and issue to Kameyama the Company’s Common Stock at $1.00 per share for any amount exceeding $3,000. The Company’s stocks shall be calculated and issued in December every year. On November 21, 2020, the Company entered into an agreement with Kameyama, pursuant to which the Company granted and issued 24,694 stock options to Kameyama related to unpaid consulting fees of $49,388. On July 24, 2017, BriVision entered into a collaborative agreement (the “BioFirst Collaborative Agreement”) with BioFirst (See Note 3). On September 25, 2017, BioFirst has delivered all research, technical, data and development data to BriVision, and the Company has recorded the full amount of $3,000,000 due to BioFirst. On June 30, 2019, the Company entered into a Stock Purchase Agreement with BioFirst, pursuant to which the Company agreed to issue 428,571 shares of the Company’s common stock to BioFirst in consideration for $3,000,000 owed by the Company to BioFirst. These common shares were issued during the year ended December 31, 2019. During the year ended December 31, 2019, the Company entered into service agreements with Euro-Asia Investment & Finance Corp Ltd. (a related party), Ever Adventure inv. (Formosa) Consultant Co., Ltd., New Eastern Asia (a related party), and Kimho Consultants Co., Ltd. (a related party) for the maintenance of the listing in the U.S. stock exchange market, investor relations, and business development. Pursuant to the agreements, the Company issued 644,972 shares of the Company’s common stock for the consulting service from July 2019 to July 2024 for the service fee of $4,514,800 in aggregate, and recorded as stock subscription receivable. As of September 30, 2022 and December 31, 2021, stock subscription receivable was $1,580,180 and $2,257,400, respectively. In August, 2019, the Company entered into several Conversion Agreements to all creditors that are listed under below table of “due to related parties” in consideration for a total of $4,872,340 owed by the Company to various creditors based on outstanding loan agreements. Under the Conversion Agreements, creditor agrees to convert the amount of debt into the Company’s common stock at a price of $7.00 per share. Amount of Number of Lion Arts Promotion Inc $ 97,864 13,981 LionGene Corporation 428,099 61,157 BioFirst Corporation 2,902,911 414,702 AsiaGene Corporation 160,000 22,858 YuanGene Corporation 92,690 13,242 The Jiangs 1,190,776 170,111 Total $ 4,872,340 696,051 On March 12, 2020, the board of directors of the Company approved and adopted an amendment to the Company’s Articles of Incorporation, to increase the authorized shares of its common stock, par value $0.001 per share, from 20,000,000 to 100,000,000 shares. On July 8, 2020, the Company entered an agreement with View Trade Securities Inc. (“ViewTrade”) to engage ViewTrade as the placement agent and the Company’s advisor/consultant with respect to its ongoing capital events. Pursuant to the agreement, the Company agreed to pay View Trade 60,000 restricted common shares of the Company and 60,000 warrants to purchase common shares of the Company at an exercise price of $6 per share for a period of 5 years with cashless exercise provision. As of December 31, 2020, the Company has issued 60,000 shares of common stock to ViewTrade for the consulting fee with an estimated value of $135,000. The warrants were never issued and the parties mutually agreed to terminate the agreement on November 19, 2020. Pursuant to the termination agreement, the Company issued 50,000 shares of the Company’s common stock at a price of $5 per share as a termination fee on June 29, 2021, of which 6,000 shares were issued to WallachBeth Capital LLC (“WallachBeth”). In January 2021, WallachBeth entered into a consulting agreement with the Company pursuant to which the Company engaged WallachBeth to conduct due diligence and research work with respect to the Company. On June 29, 2021, WallachBeth was issued 6,000 shares of common stock as compensation for those services. Also on November 19, 2020, the Company and ViewTrade agreed to a new Advisory agreement under which ViewTrade was engaged to provide advisory services only. In addition to a retainer fee, the Company agreed to issue 200,000 warrants, with an exercise price of $2.25, an industry standard cashless exercise provision, and a term of 5 years from November 19, 2020. During the year ended December 31, 2020, the Company entered into a consulting agreement with a service provider for consulting and advisory services, pursuant to which the Company agreed to pay the service fee by issuing 50,000 shares of unrestricted common shares, valued at the closing price of $2.9 per share on the grant date. These shares have been issued during the year ended December 31, 2020. During the year ended December 31, 2020, the Company received aggregated capital contributions of $7,615,331 in cash from 45 investors through private placements of the sale of the Company’s common stock for the purchase price of $2.25 per share and a free warrant attached with each common stock purchased. In December 2020, 3,384,615 shares of the Company’s common stock have been issued. During the year ended December 31, 2020, the Company entered into consulting agreements with four service providers for consulting and advisory services, pursuant to which the Company agreed to pay the service fee by issuing 521,887 shares of unrestricted common shares, valued at the closing price from $2 to $3.68 per share on the grant date. These shares have been issued in October and December 2020. During the year ended December 31, 2020, the Company issued aggregated common shares of 915,856 to six previous note holders, who had converted their outstanding principals and accrued and unpaid interests, including the debt conversion to the following: a. Keypoint converted the aggregated amount of $292,826 at the conversion price of $1.84 on April 5, 2020, in exchange for 159,145 shares of the Company’s common stock, and warrants to purchase 159,145 shares of the Company’s common stock. b. Odaira converted the aggregated amount of $284,036 at the conversion price of $1.84 on April 5, 2020, in exchange for 154,368 shares of the Company’s common stock, and warrants to purchase 154,368 shares of the Company’s common stock. c. C.L.L. converted the aggregated amount of $289,974 at the conversion price of $1.78 on April 20, 2020, in exchange for 162,908 shares of the Company’s common stock, and warrants to purchase 162,908 shares of the Company’s common stock. d. KLS converted the aggregated amount of $225,222 at the conversion price of $1.78 on April 20, 2020, in exchange for 126,530 shares of the Company’s common stock, and warrants to purchase 126,530 shares of the Company’s common stock. e. Yu and Wei converted the aggregated amount of $354,722 at the conversion price of $1.84 on April 5, 2020, in exchange for 192,784 shares of the Company’s common stock, and warrants to purchase 192,784 shares of the Company’s common stock. f. KSL converted the aggregated amount of $270,272 at the conversion price of $2.25 on November 9, 2020, in exchange for 120,121 shares of the Company’s common stock, and warrants to purchase 120,121 shares of the Company’s common stock. See Note 7 for more details in connection with the above debt conversion. In July 2021, 1,111,112 shares of the Company’s common stock and warrants were issued pursuant to the conversion of convertible promissory note of $2,500,000 entered in October 2020. 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. In August 2021, 2,354,145 shares of the Company’s common stock were issued for gross proceeds of $6,875,000, before placement agent fees and legal fees of $850,429. In November 2021, the Company received $4,244,452 in gross proceeds from the exercise of warrants issued in the Company’s August 3, 2021, public offering of securities. Investors exercised a total of 673,405 Series A warrants at a price of $6.30 per share and 200 Series B warrants at a price of $10 per share. Pursuant to these exercises, the Company issued an aggregate of 673,605 shares of Common Stock. 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. In March 2022, the Company issued 75,000 common shares to BarLew Holdings, LLC for consulting and advisory services amounted to $169,500, valued at $2.26 per share. In May 2022, the Company and an institutional investor entered into certain securities purchase agreement relating to the offer and sale of 2,000,000 shares of common stock at an offering price of $2.11 per share in a registered direct offering. The shares of the Company’s common stock were issued for gross proceeds of $4,220,000, before placement agent fees and legal fees of $556,075. Pursuant to the offering, the Company will also issue 5-year warrants to purchase 2,000,000 shares of common stock, exercisable at a price of $2.45 per share. As of September 30, 2022, these warrants have been issued but not exercised. On July 10, 2022, the Board approved the issuance of 75,000 shares of common stock to Barlew Holdings, LLC pursuant to the consulting agreement by and between Barlew Holdings, LLC and the Company dated July 1, 2022, and 250,000 shares of common stock to Inverlew Advisors, LLC, in accordance with the consulting agreement by and between Inverlew Advisors, LLC and the Company dated July 1, 2022.

Stock Options

Stock Options	9 Months Ended
	Sep. 30, 2022
Stock Options Abstract
STOCK OPTIONS	15. STOCK OPTIONS On October 30, 2020, the Company issued an aggregate of 545,182 shares of common stock in lieu of unpaid salaries of certain employees and unpaid consulting fees under the 2016 Equity Incentive Plan, as amended, at a conversion price of $2 per share; the total amount of converted salaries and consulting fees was $1,090,361. On November 21, 2020, the Company entered into acknowledgement agreements and stock option purchase agreements with these employees and consultant; pursuant to which the Company granted stock options to purchase 545,182 shares of the Company’s common stock in lieu of common stock. The options were vested at the grant date and become exercisable for 10 years from the grant date. On October 15, 2021, the Company entered into stock option agreements with 11 directors and 3 employees, pursuant to which the Company granted options to purchase an aggregate of 1,280,002 shares of common stock under the 2016 Equity Incentive Plan, as amended, at an exercise price of $3 per share. The options were vested at the grant date and become exercisable for 10 years from the grant date. Options issued and outstanding as of December 31, 2021, and their activities during the year then ended are as follows: Number of Weighted- Weighted- Aggregate Outstanding as of January 1, 2021 545,182 $ 2.00 $  - Granted 1,280,002 3.00 Forfeited - - Outstanding as of December 31, 2021 1,825,184 2.70 9.51 $ 616,056 Exercisable as of December 31, 2021 1,825,184 2.70 9.51 $ 616,056 Vested and expected to vest 1,825,184 $ 2.70 9.51 $ 616,056 The fair value of stock options granted for the year ended December 31, 2021 was calculated using the Black-Scholes option-pricing model applying the following assumptions: Year ended December 31, Risk free interest rate 1,13 % Expected term (in years) 5.00 Dividend yield 0 % Expected volatility 108.51 % The weighted average grant date fair value of options granted during the years ended December 31, 2021 was $2.09. There are 2,979,264 options available for grant under the 2016 Equity Incentive Plan as of December 31, 2021. Compensation costs associated with the Company’s stock options are recognized, based on the grant-date fair values of these options over vesting period. Accordingly, the Company recognized stock-based compensation expense of $0 and $0 for the three and nine months ended September 30, 2022 and 2021, respectively. There were no options exercised during the three and nine months ended September 30, 2022. As of September 30, 2022, there were no unvested options. On April 16, 2022, the Company entered into stock option agreements with 5 directors, pursuant to which the Company agreed to grant options to purchase an aggregate of 761,920 shares of common stock under the 2016 Equity Incentive Plan, at an exercise price of $3 per share, exercisable for 10 years from the grant date. As of September 30, 2022, these stock options have not been granted.

Loss per share

Loss per share	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
LOSS PER SHARE	16. LOSS PER SHARE Basic loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding during the year. Diluted loss per share is computed by dividing net loss by the weighted-average number of common shares and dilutive potential common shares outstanding during the three and nine months ended September 30, 2022 and 2021. For the Three Months September 30, September 30, Numerator: Net loss attributable to ABVC’s common stockholders $ (3,704,864 ) $ (1,806,488 ) Denominator: Weighted-average shares outstanding: Weighted-average shares outstanding - Basic 32,574,551 26,882,181 Stock options – – Weighted-average shares outstanding - Diluted 32,574,551 26,882,181 Loss per share -Basic $ (0.11 ) $ (0.07 ) -Diluted $ (0.11 ) $ (0.07 ) For the Nine Months September 30, September 30, Numerator: Net loss attributable to ABVC’s common stockholders $ (11,559,301 ) $ (4,906,559 ) Denominator: Weighted-average shares outstanding: Weighted-average shares outstanding - Basic 31,193,397 25,053,522 Stock options – – Weighted-average shares outstanding - Diluted 31,193,397 25,053,522 Loss per share -Basic $ (0.37 ) $ (0.20 ) -Diluted $ (0.37 ) $ (0.20 ) Diluted loss per share takes into account the potential dilution that could occur if securities or other contracts to issue Common Stock were exercised and converted into Common Stock.

Lease

Lease	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
LEASE	17. LEASE The Company adopted FASB Accounting Standards Codification, Topic 842, Leases (“ASC 842”) using the modified retrospective approach, electing the practical expedient that allows the Company not to restate its comparative periods prior to the adoption of the standard on January 1, 2019. The Company applied the following practical expedients in the transition to the new standard and allowed under ASC 842: ● Reassessment of expired or existing contracts: The Company elected not to reassess, at the application date, whether any expired or existing contracts contained leases, the lease classification for any expired or existing leases, and the accounting for initial direct costs for any existing leases. ● Use of hindsight: The Company elected to use hindsight in determining the lease term (that is, when considering options to extend or terminate the lease and to purchase the underlying asset) and in assessing impairment of right-to-use assets. ● Reassessment of existing or expired land easements: The Company elected not to evaluate existing or expired land easements that were not previously accounted for as leases under ASC 840, as allowed under the transition practical expedient. Going forward, new or modified land easements will be evaluated under ASU No. 2016-02. ● Separation of lease and non- lease components: Lease agreements that contain both lease and non-lease components are generally accounted for separately. ● Short-term lease recognition exemption: The Company also elected the short-term lease recognition exemption and will not recognize ROU assets or lease liabilities for leases with a term less than 12 months. The new leasing standard requires recognition of leases on the consolidated balance sheets as right-of-use (“ROU”) assets and lease liabilities. ROU assets represent the Company’s right to use underlying assets for the lease terms and lease liabilities represent the Company’s obligation to make lease payments arising from the leases. Operating lease ROU assets and operating lease liabilities are recognized based on the present value and future minimum lease payments over the lease term at commencement date. The Company’s future minimum based payments used to determine the Company’s lease liabilities mainly include minimum based rent payments. As most of Company’s leases do not provide an implicit rate, the Company uses its estimated incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The Company recognized lease liabilities, with corresponding ROU assets, based on the present value of unpaid lease payments for existing operating leases longer than twelve months. The ROU assets were adjusted per ASC 842 transition guidance for existing lease-related balances of accrued and prepaid rent, unamortized lease incentives provided by lessors, and restructuring liabilities. Operating lease cost is recognized as a single lease cost on a straight-line basis over the lease term and is recorded in Selling, general and administrative expenses. Variable lease payments for common area maintenance, property taxes and other operating expenses are recognized as expense in the period when the changes in facts and circumstances on which the variable lease payments are based occur. The Company has no finance leases. The Company’s leases primarily include various office and laboratory spaces, copy machine, and vehicles under various operating lease arrangements. The Company’s operating leases have remaining lease terms of up to approximately five years. September 30, December 31, ASSETS Operating lease right-of-use assets $ 1,243,930 $ 1,471,899 LIABILITIES Operating lease liabilities (current) 363,752 347,100 Operating lease liabilities (noncurrent) 880,178 1,124,799 Supplemental Information The following provides details of the Company’s lease expenses: Three Months Ended 2022 2021 Operating lease expenses $ 87,367 $ 86,280 Nine Months Ended 2022 2021 Operating lease expenses $ 261,494 $ 165,127 Other information related to leases is presented below: Nine Months Ended 2022 2021 Cash paid for amounts included in the measurement of operating lease liabilities $ 261,494 $ 165,127 September 30, December 31, Weighted Average Remaining Lease Term: Operating leases 2.79 years 2.90 years Weighted Average Discount Rate: Operating leases 1.52 % 1.39 % The minimum future annual payments under non-cancellable leases during the next five years and thereafter, at rates now in force, are as follows: Operating 2022 (excluding nine months ended September 30, 2022) $ 91,387 2023 371,055 2024 386,244 2025 348,525 Thereafter 56,915 Total future minimum lease payments, undiscounted 1,254,126 Less: Imputed interest 10,196 Present value of future minimum lease payments $ 1,243,930

Business Combination

Business Combination	9 Months Ended
	Sep. 30, 2022
Business Combinations [Abstract]
BUSINESS COMBINATION	18. BUSINESS COMBINATION On February 8, 2019, the Company consummated the Merger transactions of BioLite and BioKey (See Note 1). Pursuant to the terms of the Merger Agreement, BioLite and BioKey became two wholly-owned subsidiaries of the Company on February 8, 2019. The Company adopted ASC 805, “Business Combination” to record the merger transactions of BioKey. The acquisition was accounted for as a business combination under the purchase method of accounting. BioKey’s results of operations were included in the Company’s results beginning February 8, 2019. The purchase price has been allocated to the assets acquired and the liabilities assumed based on their fair value at the acquisition date as summarized in the following: Purchase consideration: Common Stock (*) $ 44,341,847 Allocation of the purchase price: Cash and cash equivalents $ 531,147 Accounts receivable, net 188,550 Property and equipment, net 56,075 Operating lease right-of-use assets 485,684 Security deposits 10,440 Total assets acquired 1,271,896 Accounts payable (56,204 ) Accrued expenses and other current liabilities (251,335 ) Operating lease liability (267,256 ) Tenant security deposit (2,880 ) Total liabilities assumed (577,675 ) Total net assets acquired 694,221 Goodwill as a result of the Merger $ 43,647,626 * 29,561,231 shares (1,642,291 after stock reverse split) of common stock of the Company was issued to BioKey in connection with the Merger. Those shares were valued at $1.50 per share, based on the bid-and-ask share price of common stock of the Company on the final day of trading, February 8, 2019. On February 8, 2019, the Company has recorded a 100% goodwill write-down of $43,647,626. Goodwill was determined to have been impaired because of the current financial condition of the Company and the Company’s inability to generate future operating income without substantial sales volume increases, which are highly uncertain. Furthermore, the Company’s anticipated future cash flows indicate that the recoverability of goodwill is not reasonably assured. The goodwill write-down was reflected as a decrease in additional paid-in capital in the statement of equity upon the consummation of the Merger.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	19. SUBSEQUENT EVENTS The Company has evaluated subsequent events and transactions that occurred after September 30, 2022 up through the date the Company issued these unaudited consolidated financial statements on November 14, 2022. All subsequent events requiring recognition as of September 30, 2022 have been incorporated into these unaudited consolidated financial statements and there are no other subsequent events that require disclosure in accordance with FASB ASC Topic 855, “Subsequent Events.”

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The unaudited interim consolidated financial statements do not include all the information and footnotes required by the U.S. GAAP for complete financial statements. Certain information and note disclosures normally included in the annual financial statements prepared in accordance with the U.S. GAAP have been condensed or omitted consistent with Article 10 of Regulation S-X. In the opinion of the Company’s management, the unaudited interim consolidated financial statements have been prepared on the same basis as the audited financial statements and include all adjustments, in normal recurring nature, as necessary for the fair statement of the Company’s financial position as of September 30, 2022, and results of operations and cash flows for the nine months ended September 30, 2022 and 2021. The unaudited interim consolidated balance sheet as of December 31, 2021 has been derived from the audited financial statements at that date but does not include all the information and footnotes required by the U.S. GAAP. Interim results of operations are not necessarily indicative of the results expected for the full fiscal year or for any future period. These financial statements should be read in conjunction with the audited consolidated financial statements as of and for the years ended December 31, 2021 and 2020, and related notes included in the Company’s audited consolidated financial statements. The accompanying unaudited consolidated financial statements have been prepared in accordance with the generally accepted accounting principles in the United States of America (the “U.S. GAAP”). All significant intercompany transactions and account balances have been eliminated. This basis of accounting involves the application of accrual accounting and consequently, revenues and gains are recognized when earned, and expenses and losses are recognized when incurred. The Company’s unaudited financial statements are expressed in U.S. dollars.
Reclassifications of Prior Year Presentation	Reclassifications of Prior Year Presentation 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.
Fiscal Year	Fiscal Year 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.
Use of Estimates	Use of Estimates 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.
Inventory	Inventory Inventory consists of raw materials, work-in-process, finished goods, and merchandise. Inventories are stated at the lower of cost or market and valued on a moving weighted average cost basis. Market is determined based on net realizable value. The Company periodically reviews the age and turnover of its inventory to determine whether any inventory has become obsolete or has declined in value, and incurs a charge to operations for known and anticipated inventory obsolescence.
Forward Stock Split	Forward Stock Split On March 21, 2016, the Board of Directors of the Company approved an amendment to Articles of Incorporation to effect a forward split at a ratio of 1 to 3.141 and increase the number of our authorized shares of Common Stock, par value $0.001 per share, to 360,000,000, which was effective on April 8, 2016.
Stock Reverse Split	Stock Reverse Split On March 12, 2019, the Board of Directors of the Company by unanimous written consent in lieu of a meeting approved to i) effect a stock reverse split at the ratio of 1-for-18 (the “Reverse Split”) of both the authorized common stock of the Company (the “Common Stock”) and the issued and outstanding Common Stock and ii) to amend the articles of incorporation of the Company to reflect the Reverse Split. The Board approved and authorized the Reverse Split without obtaining approval of the Company’s shareholders pursuant to Section 78.207 of Nevada Revised Statutes. On May 3, 2019, the Company filed a certificate of amendment to the Company’s articles of incorporation (the “Amendment”) to effect the Reverse Split with the Secretary of State of Nevada. The Financial Industry Regulatory Authority (“FINRA”) informed the Company that the Reverse Split was effective on May 8, 2019. All shares and related financial information in this Form 10-K reflect this 1-for-18 reverse stock split.
Fair Value Measurements	Fair Value Measurements FASB ASC 820, “Fair Value Measurements” defines fair value for certain financial and nonfinancial assets and liabilities that are recorded at fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. It requires that an entity measure its financial instruments to base fair value on exit price, maximize the use of observable units and minimize the use of unobservable inputs to determine the exit price. It establishes a hierarchy which prioritizes the inputs to valuation techniques used to measure fair value. This hierarchy increases the consistency and comparability of fair value measurements and related disclosures by maximizing the use of observable inputs and minimizing the use of unobservable inputs by requiring that observable inputs be used when available. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the assets or liabilities based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company’s own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy prioritizes the inputs into three broad levels based on the reliability of the inputs as follows: ● Level 1 - Inputs are quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Valuation of these instruments does not require a high degree of judgment as the valuations are based on quoted prices in active markets that are readily and regularly available. ● Level 2 - Inputs other than quoted prices in active markets that are either directly or indirectly observable as of the measurement date, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. ● Level 3 - Valuations based on inputs that are unobservable and not corroborated by market data. The fair value for such assets and liabilities is generally determined using pricing models, discounted cash flow methodologies, or similar techniques that incorporate the assumptions a market participant would use in pricing the asset or liability. The carrying values of certain assets and liabilities of the Company, such as cash and cash equivalents, restricted cash, accounts receivable, due from related parties, inventory, prepaid expenses and other current assets, accounts payable, accrued liabilities, and due to related parties approximate fair value due to their relatively short maturities. The carrying value of the Company’s short-term bank loan, convertible notes payable, and accrued interest approximates their fair value as the terms of the borrowing are consistent with current market rates and the duration to maturity is short. The carrying value of the Company’s long-term bank loan approximates fair value because the interest rates approximate market rates that the Company could obtain for debt with similar terms and maturities.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers highly liquid investments with maturities of three months or less, when purchased, to be cash equivalents. As of September 30, 2022 and December 31, 2021, the Company’s cash and cash equivalents amounted $1,323,543 and $5,828,548, respectively. Some of the Company’s cash deposits are held in financial institutions located in Taiwan where there is currently regulation mandated on obligatory insurance of bank accounts. The Company believes this financial institution is of high credit quality.
Restricted Cash Equivalents	Restricted Cash Equivalents Restricted cash equivalents primarily consist of cash held in a reserve bank account in Taiwan. As of September 30, 2022 and December 31, 2021, the Company’s restricted cash equivalents amounted $646,604 and $736,667, respectively.
Concentration of Credit Risk	Concentration of Credit Risk 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. 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 .
Concentration of clients	Concentration of clients As of September 30, 2022, the most major client, specializes in developing and commercializing of dietary supplements and therapeutics in dietary supplement industry, accounted for 36.71% of the Company’s total account receivable; the second major client, GenePharm Inc., with its Chairman being the Board of Director of Biokey, accounted for 27.44% of the Company’s total account receivable; the least major client, manufactures drugs in pharmaceutical preparations in pharmaceutical industry, accounted for 22.98% of the Company’s total accounts receivable. For the nine months ended September 30, 2022, one major client, Rgene Corporation, Shareholder of the Company which works in development and commercialization of new drugs in Taiwan, accounted for 79.18% of the Company's total revenues. For the nine months ended September 30, 2021, two major clients, which develops novel treatment for ocular Graft-versus-Host Disease, and manufacture drugs in pharmaceutical preparations, in pharmaceutical industry, accounted for 39.61% and 25.09% of the Company's total revenues, respectively. For the three months ended September 30, 2022, three major clients, in biotech, agriculture and pharmaceutical industries, which commercialize dietary supplement products in Taiwan and China, grow and develop Maitake dietary supplement products in Canada and the US, and develop novel treatment for ocular Graft-versus-Host Disease, accounted for 47.84%, 16.47% and 15.6% of the Company's total revenues, respectively. For the three months ended September 30, 2021, two major clients, in pharmaceutical and agriculture industry, which develop novel treatment for ocular Graft-versus-Host Disease, and grow and develop Maitake dietary supplement products in Canada and the US, accounted for 47.57% and 14.43% of the Company's total revenues, respectively.
Concentration of vendors	Concentration of vendors For the nine months ended September 30, 2022, one vendor in dietary supplement industry, who provides dietary supplement and manufacturing consultation, accounted for 40.5% of the Company’s total purchases. For the nine months ended September 30, 2021, three vendors, in research, chemical and monitoring and testing industry, who provides life science product and service solution, manufacture and distribute fine chemicals and laboratory products, as well as distributing manufacturers of data logging, data acquisition products, accounted for 29.7%, 24.9% and 24.7% of the Company’s total purchases, respectively. For the three months ended September 30, 2022, one vendor in dietary supplement industry, who provides dietary supplement and manufacturing consultation, accounted for 79.1% of the Company’s total purchase. For the three months ended September 30, 2021, two vendors, in pharmaceutical and scientific instrumentation industry, who provides pharmaceutical and contract service, as well as manufacture analytical instrumentation, accounted for 89.1% and 10.9% of the Company’s total purchases, respectively.
Revenue Recognition	Revenue Recognition During the fiscal year 2018, the Company adopted Accounting Standards Codification (“ASC”), Topic 606 (ASC 606), Revenue from Contracts with Customers, using the modified retrospective method to all contracts that were not completed as of January 1, 2018, and applying the new revenue standard as an adjustment to the opening balance of accumulated deficit at the beginning of 2018 for the cumulative effect. The results for the Company’s reporting periods beginning on and after January 1, 2018 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported under the accounting standards in effect for the prior period. Based on the Company’s review of existing collaborative agreements as of January 1, 2018, the Company concluded that the adoption of the new guidance did not have a significant change on the Company’s revenue during all periods presented. Pursuant to ASC 606, the Company recognizes revenue when its customer obtains control of promised goods or services, in an amount that reflects the consideration that the Company expects to receive in exchange for those goods or services. To determine revenue recognition for arrangements that the Company determines is within the scope of ASC 606, the Company performs the following five steps: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the Company satisfies a performance obligation. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration the Company is entitled to in exchange for the goods or services the Company transfers to the customers. At inception of the contract, once the contract is determined to be within the scope of ASC 606, the Company assesses the goods or services promised within each contract, determines those that are performance obligations, and assesses whether each promised good or service is distinct. The Company then recognizes as revenue the amount of the transaction price that is allocated to the respective performance obligation when (or as) the performance obligation is satisfied. The following are examples of when the Company recognizes revenue based on the types of payments the Company receives. Collaborative Revenues — As part of the accounting for these arrangements, the Company applies judgment to determine whether the performance obligations are distinct, and develop assumptions in determining the stand-alone selling price for each distinct performance obligation identified in the collaboration agreements. To determine the stand-alone selling price, the Company relies on assumptions which may include forecasted revenues, development timelines, reimbursement rates for R&D personnel costs, discount rates and probabilities of technical and regulatory success. The Company had multiple deliverables under the collaborative agreements, including deliverables relating to grants of technology licenses, regulatory and clinical development, and marketing activities. Estimation of the performance periods of the Company’s deliverables requires the use of management’s judgment. Significant factors considered in management’s evaluation of the estimated performance periods include, but are not limited to, the Company’s experience in conducting clinical development, regulatory and manufacturing activities. The Company reviews the estimated duration of its performance periods under its collaborative agreements on an annually basis, and makes any appropriate adjustments on a prospective basis. Future changes in estimates of the performance period under its collaborative agreements could impact the timing of future revenue recognition. (i) Non-refundable upfront payments If a license to the Company’s intellectual property is determined to be distinct from the other performance obligations identified in an arrangement, the Company recognizes revenue from the related non-refundable upfront payments based on the relative standalone selling price prescribed to the license compared to the total selling price of the arrangement. The revenue is recognized when the license is transferred to the collaboration partners and the collaboration partners are able to use and benefit from the license. To date, the receipt of non-refundable upfront fees was solely for the compensation of past research efforts and contributions made by the Company before the collaborative agreements entered into and it does not relate to any future obligations and commitments made between the Company and the collaboration partners in the collaborative agreements. (ii) Milestone payments The Company is eligible to receive milestone payments under the collaborative agreement with collaboration partners based on achievement of specified development, regulatory and commercial events. Management evaluated the nature of the events triggering these contingent payments, and concluded that these events fall into two categories: (a) events which involve the performance of the Company’s obligations under the collaborative agreement with collaboration partners, and (b) events which do not involve the performance of the Company’s obligations under the collaborative agreement with collaboration partners. The former category of milestone payments consists of those triggered by development and regulatory activities in the territories specified in the collaborative agreements. Management concluded that each of these payments constitute substantive milestone payments. This conclusion was based primarily on the facts that (i) each triggering event represents a specific outcome that can be achieved only through successful performance by the Company of one or more of its deliverables, (ii) achievement of each triggering event was subject to inherent risk and uncertainty and would result in additional payments becoming due to the Company, (iii) each of the milestone payments is non-refundable, (iv) substantial effort is required to complete each milestone, (v) the amount of each milestone payment is reasonable in relation to the value created in achieving the milestone, (vi) a substantial amount of time is expected to pass between the upfront payment and the potential milestone payments, and (vii) the milestone payments relate solely to past performance. Based on the foregoing, the Company recognizes any revenue from these milestone payments in the period in which the underlying triggering event occurs. (iii) Multiple Element Arrangements The Company evaluates multiple element arrangements to determine (1) the deliverables included in the arrangement and (2) whether the individual deliverables represent separate units of accounting or whether they must be accounted for as a combined unit of accounting. This evaluation involves subjective determinations and requires management to make judgments about the individual deliverables and whether such deliverables are separate from other aspects of the contractual relationship. Deliverables are considered separate units of accounting provided that: (i) the delivered item(s) has value to the customer on a standalone basis and (ii) if the arrangement includes a general right of return relative to the delivered item(s), delivery or performance of the undelivered item(s) is considered probable and substantially within its control. In assessing whether an item under a collaboration has standalone value, the Company considers factors such as the research, manufacturing, and commercialization capabilities of the collaboration partner and the availability of the associated expertise in the general marketplace. The Company also considers whether its collaboration partners can use the other deliverable(s) for their intended purpose without the receipt of the remaining element(s), whether the value of the deliverable is dependent on the undelivered item(s), and whether there are other vendors that can provide the undelivered element(s). The Company recognizes arrangement consideration allocated to each unit of accounting when all of the revenue recognition criteria in ASC 606 are satisfied for that particular unit of accounting. In the event that a deliverable does not represent a separate unit of accounting, the Company recognizes revenue from the combined unit of accounting over the Company’s contractual or estimated performance period for the undelivered elements, which is typically the term of the Company’s research and development obligations. If there is no discernible pattern of performance or objectively measurable performance measures do not exist, then the Company recognizes revenue under the arrangement on a straight-line basis over the period the Company is expected to complete its performance obligations. Conversely, if the pattern of performance in which the service is provided to the customer can be determined and objectively measurable performance measures exist, then the Company recognizes revenue under the arrangement using the proportional performance method. Revenue recognized is limited to the lesser of the cumulative amount of payments received or the cumulative amount of revenue earned, as determined using the straight-line method or proportional performance method, as applicable, as of the period ending date. At the inception of an arrangement that includes milestone payments, the Company evaluates whether each milestone is substantive and at risk to both parties on the basis of the contingent nature of the milestone. This evaluation includes an assessment of whether: (1) the consideration is commensurate with either the Company’s performance to achieve the milestone or the enhancement of the value of the delivered item(s) as a result of a specific outcome resulting from its performance to achieve the milestone, (2) the consideration relates solely to past performance and (3) the consideration is reasonable relative to all of the deliverables and payment terms within the arrangement. The Company evaluates factors such as the scientific, clinical, regulatory, commercial, and other risks that must be overcome to achieve the particular milestone and the level of effort and investment required to achieve the particular milestone in making this assessment. There is considerable judgment involved in determining whether a milestone satisfies all of the criteria required to conclude that a milestone is substantive. Milestones that are not considered substantive are recognized as earned if there are no remaining performance obligations or over the remaining period of performance, assuming all other revenue recognition criteria are met. (iv) Royalties and Profit Sharing Payments Under the collaborative agreement with the collaboration partners, the Company is entitled to receive royalties on sales of products, which is at certain percentage of the net sales. The Company recognizes revenue from these events based on the revenue recognition criteria set forth in ASC 606. Based on those criteria, the Company considers these payments to be contingent revenues, and recognizes them as revenue in the period in which the applicable contingency is resolved. Revenues Derived from Research and Development Activities Services — Revenues related to research and development and regulatory activities are recognized when the related services or activities are performed, in accordance with the contract terms. The Company typically has only one performance obligation at the inception of a contract, which is to perform research and development services. The Company may also provide its customers with an option to request that the Company provides additional goods or services in the future, such as active pharmaceutical ingredient, API, or IND/NDA/ANDA/510K submissions. The Company evaluates whether these options are material rights at the inception of the contract. If the Company determines an option is a material right, the Company will consider the option a separate performance obligation. If the Company is entitled to reimbursement from its customers for specified research and development expenses, the Company accounts for the related services that it provides as separate performance obligations if it determines that these services represent a material right. The Company also determines whether the reimbursement of research and development expenses should be accounted for as revenues or an offset to research and development expenses in accordance with provisions of gross or net revenue presentation. The Company recognizes the corresponding revenues or records the corresponding offset to research and development expenses as it satisfies the related performance obligations. The Company then determines the transaction price by reviewing the amount of consideration the Company is eligible to earn under the contracts, including any variable consideration. Under the outstanding contracts, consideration typically includes fixed consideration and variable consideration in the form of potential milestone payments. At the start of an agreement, the Company’s transaction price usually consists of the payments made to or by the Company based on the number of full-time equivalent researchers assigned to the project and the related research and development expenses incurred. The Company does not typically include any payments that the Company may receive in the future in its initial transaction price because the payments are not probable. The Company would reassess the total transaction price at each reporting period to determine if the Company should include additional payments in the transaction price. The Company receives payments from its customers based on billing schedules established in each contract. Upfront payments and fees may be recorded as advance from customers upon receipt or when due, and may require deferral of revenue recognition to a future period until the Company performs its obligations under these arrangements. Amounts are recorded as accounts receivable when the right of the Company to consideration is unconditional. The Company does not assess whether a contract has a significant financing component if the expectation at contract inception is such that the period between payment by the customers and the transfer of the promised goods or services to the customers will be one year or less.
Property and Equipment	Property and Equipment Property and equipment is carried at cost net of accumulated depreciation. Repairs and maintenance are expensed as incurred. Expenditures that improve the functionality of the related asset or extend the useful life are capitalized. When property and equipment is retired or otherwise disposed of, the related gain or loss is included in operating income. Leasehold improvements are depreciated on the straight-line method over the shorter of the remaining lease term or estimated useful life of the asset. Depreciation is calculated on the straight-line method, including property and equipment under capital leases, generally based on the following useful lives: Estimated Life Buildings and leasehold improvements 3 ~ 50 Machinery and equipment 2 ~ 8 Office equipment 3 ~ 10
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company has adopted Accounting Standards Codification subtopic 360-10, Property, Plant and Equipment (“ASC 360-10”). ASC 360-10 requires that long-lived assets and certain identifiable intangibles held and used by the Company be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The Company evaluates its long-lived assets for impairment annually or more often if events and circumstances warrant. Events relating to recoverability may include significant unfavorable changes in business conditions, recurring losses, or a forecasted inability to achieve break-even operating results over an extended period. Should impairment in value be indicated, the carrying value of intangible assets will be adjusted, based on estimates of future discounted cash flows resulting from the use and ultimate disposition of the asset. ASC 360-10 also requires assets to be disposed of be reported at the lower of the carrying amount or the fair value less costs to sell.
Long-term Equity Investment	Long-term Equity Investment The Company acquires the equity investments to promote business and strategic objectives. The Company accounts for non-marketable equity and other equity investments for which the Company does not have control over the investees as: ● Equity method investments when the Company has the ability to exercise significant influence, but not control, over the investee. Its proportionate share of the income or loss is recognized monthly and is recorded in gains (losses) on equity investments. ● Non-marketable cost method investments when the equity method does not apply. Significant judgment is required to identify whether an impairment exists in the valuation of the Company’s non-marketable equity investments, and therefore the Company considers this a critical accounting estimate. Its yearly analysis considers both qualitative and quantitative factors that may have a significant impact on the investee’s fair value. Qualitative analysis of its investments involves understanding the financial performance and near-term prospects of the investee, changes in general market conditions in the investee’s industry or geographic area, and the management and governance structure of the investee. Quantitative assessments of the fair value of its investments are developed using the market and income approaches. The market approach includes the use of comparable financial metrics of private and public companies and recent financing rounds. The income approach includes the use of a discounted cash flow model, which requires significant estimates regarding the investees’ revenue, costs, and discount rates. The Company’s assessment of these factors in determining whether an impairment exists could change in the future due to new developments or changes in applied assumptions.
Other-Than-Temporary Impairment	Other-Than-Temporary Impairment The Company’s long-term equity investments are subject to a periodic impairment review. Impairments affect earnings as follows: ● Marketable equity securities include the consideration of general market conditions, the duration and extent to which the fair value is below cost, and our ability and intent to hold the investment for a sufficient period of time to allow for recovery of value in the foreseeable future. The Company also considers specific adverse conditions related to the financial health of, and the business outlook for, the investee, which may include industry and sector performance, changes in technology, operational and financing cash flow factors, and changes in the investee’s credit rating. The Company records other-than-temporary impairments on marketable equity securities and marketable equity method investments in gains (losses) on equity investments. ● Non-marketable equity investments based on the Company’s assessment of the severity and duration of the impairment, and qualitative and quantitative analysis of the operating performance of the investee; adverse changes in market conditions and the regulatory or economic environment; changes in operating structure or management of the investee; additional funding requirements; and the investee’s ability to remain in business. A series of operating losses of an investee or other factors may indicate that a decrease in value of the investment has occurred that is other than temporary and that shall be recognized even though the decrease in value is in excess of what would otherwise be recognized by application of the equity method. A loss in value of an investment that is other than a temporary decline shall be recognized. Evidence of a loss in value might include, but would not necessarily be limited to, absence of an ability to recover the carrying amount of the investment or inability of the investee to sustain an earnings capacity that would justify the carrying amount of the investment. The Company records other-than-temporary impairments for non-marketable cost method investments and equity method investments in gains (losses) on equity investments. Other-than-temporary impairment of equity investments were $0 for the three and nine months ended September 30, 2022 and 2021, respectively.
Goodwill	Goodwill The Company evaluates goodwill for impairment annually or more frequently when an event occurs or circumstances change that indicate the carrying value may not be recoverable. In testing goodwill for impairment, the Company may elect to utilize a qualitative assessment to evaluate whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If the qualitative assessment indicates that goodwill impairment is more likely than not, the Company performs a two-step impairment test. The Company tests goodwill for impairment under the two-step impairment test by first comparing the book value of net assets to the fair value of the reporting units. If the fair value is determined to be less than the book value or qualitative factors indicate that it is more likely than not that goodwill is impaired, a second step is performed to compute the amount of impairment as the difference between the estimated fair value of goodwill and the carrying value. The Company estimates the fair value of the reporting units using discounted cash flows. Forecasts of future cash flows are based on our best estimate of future net sales and operating expenses, based primarily on expected category expansion, pricing, market segment share, and general economic conditions. The Company completed the required testing of goodwill for impairment as of September 30, 2022, and determined that goodwill was impaired because of the current financial condition of the Company and the Company’s inability to generate future operating income without substantial sales volume increases, which are highly uncertain. Furthermore, the Company anticipates future cash flows indicate that the recoverability of goodwill is not reasonably assured.
Research and Development Expenses	Research and Development Expenses The Company accounts for the cost of using licensing rights in research and development cost according to ASC Topic 730-10-25-1. This guidance provides that absent alternative future uses the acquisition of product rights to be used in research and development activities must be charged to research and development expenses when incurred. For CDMO business unit, the Company accounts for R&D costs in accordance with Accounting Standards Codification (“ASC”) 730, Research and Development (“ASC 730”). Research and development expenses are charged to expense as incurred unless there is an alternative future use in other research and development projects or otherwise. Research and development expenses are comprised of costs incurred in performing research and development activities, including personnel-related costs, facilities-related overhead, and outside contracted services including clinical trial costs, manufacturing and process development costs for both clinical and preclinical materials, research costs, and other consulting services. Non-refundable advance payment for goods and services that will be used in future research and development activities are expensed when the activity has been performed or when the goods have been received rather than when the payment is made. In instances where the Company enters into agreements with third parties to provide research and development services, costs are expensed as services are performed.
Post-retirement and post-employment benefits	Post-retirement and post-employment benefits The Company’s subsidiaries in Taiwan adopted the government mandated defined contribution plan pursuant to the Labor Pension Act (the “Act”) in Taiwan. Such labor regulations require that the rate of contribution made by an employer to the Labor Pension Fund per month shall not be less than 6% of the worker’s monthly salaries. Pursuant to the Act, the Company makes monthly contribution equal to 6% of employees’ salaries to the employees’ pension fund. The Company has no legal obligation for the benefits beyond the contributions made. The total amounts for such employee benefits, which were expensed as incurred, were $3,302 and $2,906 for the three months ended September 30, 2022 and 2021, respectively. The total amounts for such employee benefits, which were expensed as incurred, were $9,948 and $8,268 for the nine months ended September 30, 2022 and 2021, respectively. Other than the above, the Company does not provide any other post-retirement or post-employment benefits.
Stock-based Compensation	Stock-based Compensation The Company measures expense associated with all employee stock-based compensation awards using a fair value method and recognizes such expense in the unaudited consolidated financial statements on a straight-line basis over the requisite service period in accordance with FASB ASC Topic 718 “Compensation-Stock Compensation”. Total employee stock-based compensation expenses were $0 for the three and nine months ended September 30, 2022 and 2021, respectively. The Company accounted for stock-based compensation to non-employees in accordance with FASB ASC Topic 718 “Compensation-Stock Compensation” and FASB ASC Topic 505-50 “Equity-Based Payments to Non-Employees” which requires that the cost of services received from non-employees is measured at fair value at the earlier of the performance commitment date or the date service is completed and recognized over the period the service is provided. Total non-employee stock-based compensation expenses were $225,740 and $225,740 for the three months ended September 30, 2022 and 2021, respectively. Total non-employee stock-based compensation expenses were $5,143,483 and $927,220 for the nine months ended September 30, 2022 and 2021, respectively.
Beneficial Conversion Feature	Beneficial Conversion Feature 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.
Income Taxes	Income Taxes The Company accounts for income taxes using the asset and liability approach which allows the recognition and measurement of deferred tax assets to be based upon the likelihood of realization of tax benefits in future years. Under the asset and liability approach, deferred taxes are provided for the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. A valuation allowance is provided for deferred tax assets if it is more likely than not these items will expire before the Company is able to realize their benefits, or future deductibility is uncertain. Under ASC 740, a tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The evaluation of a tax position is a two-step process. The first step is to determine whether it is more-likely-than-not that a tax position will be sustained upon examination, including the resolution of any related appeals or litigations based on the technical merits of that position. The second step is to measure a tax position that meets the more-likely-than-not threshold to determine the amount of benefits recognized in the financial statements. A tax position is measured at the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. Tax positions that previously failed to meet the more-likely-than-not recognition threshold should be recognized in the first subsequent period in which the threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not criteria should be de-recognized in the first subsequent financial reporting period in which the threshold is no longer satisfied. Penalties and interest incurred related to underpayment of income tax are classified as income tax expense in the year incurred. No significant penalty or interest relating to income taxes has been incurred for the nine months ended September 30, 2022 and 2021. GAAP also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosures and transition. On December 22, 2017, the SEC issued Staff Accounting Bulletin (“SAB 118”), which provides guidance on accounting for tax effects of the Tax Act. SAB 118 provides a measurement period that should not extend beyond one year from the Tax Act enactment date for companies to complete the accounting under ASC 740. In accordance with SAB 118, a company must reflect the income tax effects of those aspects of the Act for which the accounting under ASC 740 is complete. To the extent that a company’s accounting for certain income tax effects of the Tax Act is incomplete but it is able to determine a reasonable estimate, it must record a provisional estimate to be included in the financial statements. If a company cannot determine a provisional estimate to be included in the financial statements, it should continue to apply ASC 740 on the basis of the provision of the tax laws that were in effect immediately before the enactment of the Tax Act. While the Company is able to make reasonable estimates of the impact of the reduction in corporate rate and the deemed repatriation transition tax, the final impact of the Tax Act may differ from these estimates, due to, among other things, changes in our interpretations and assumptions, additional guidance that may be issued by the I.R.S., and actions the Company may take. The Company is continuing to gather additional information to determine the final impact.
Valuation of Deferred Tax Assets	Valuation of Deferred Tax Assets A valuation allowance is recorded to reduce the Company’s deferred tax assets to the amount that is more likely than not to be realized. In assessing the need for the valuation allowance, management considers, among other things, projections of future taxable income and ongoing prudent and feasible tax planning strategies. If the Company determines that sufficient negative evidence exists, then it will consider recording a valuation allowance against a portion or all of the deferred tax assets in that jurisdiction. If, after recording a valuation allowance, the Company’s projections of future taxable income and other positive evidence considered in evaluating the need for a valuation allowance prove, with the benefit of hindsight, to be inaccurate, it could prove to be more difficult to support the realization of its deferred tax assets. As a result, an additional valuation allowance could be required, which would have an adverse impact on its effective income tax rate and results. Conversely, if, after recording a valuation allowance, the Company determines that sufficient positive evidence exists in the jurisdiction in which the valuation allowance was recorded, it may reverse a portion or all of the valuation allowance in that jurisdiction. In such situations, the adjustment made to the deferred tax asset would have a favorable impact on its effective income tax rate and results in the period such determination was made.
Loss Per Share of Common Stock	Loss Per Share of Common Stock The Company calculates net loss per share in accordance with ASC Topic 260, “Earnings per Share”. Basic loss per share is computed by dividing the net loss by the weighted average number of common shares outstanding during the period. Diluted loss per share is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive. Diluted earnings per share excludes all dilutive potential shares if their effect is anti-dilutive.
Commitments and Contingencies	Commitments and Contingencies The Company has adopted ASC Topic 450 “Contingencies” subtopic 20, in determining its accruals and disclosures with respect to loss contingencies. Accordingly, estimated losses from loss contingencies are accrued by a charge to income when information available before financial statements are issued or are available to be issued indicates that it is probable that an asset had been impaired or a liability had been incurred at the date of the financial statements and the amount of the loss can be reasonably estimated. Legal expenses associated with the contingency are expensed as incurred. If a loss contingency is not probable or reasonably estimable, disclosure of the loss contingency is made in the financial statements when it is at least reasonably possible that a material loss could be incurred.
Foreign-currency Transactions	Foreign-currency Transactions For the Company’s subsidiaries in Taiwan, the foreign-currency transactions are recorded in New Taiwan dollars (“NTD”) at the rates of exchange in effect when the transactions occur. Gains or losses resulting from the application of different foreign exchange rates when cash in foreign currency is converted into New Taiwan dollars, or when foreign-currency receivables or payables are settled, are credited or charged to income in the year of conversion or settlement. On the balance sheet dates, the balances of foreign-currency assets and liabilities are restated at the prevailing exchange rates and the resulting differences are charged to current income except for those foreign currencies denominated investments in shares of stock where such differences are accounted for as translation adjustments under the Statements of Stockholders’ Equity (Deficit).
Translation Adjustment	Translation Adjustment The accounts of the Company’s subsidiaries in Taiwan were maintained, and their financial statements were expressed, in New Taiwan Dollar (“NT$”). Such financial statements were translated into U.S. Dollars (“$” or “USD”) in accordance ASC 830, “Foreign Currency Matters”, with the NT$ as the functional currency. According to the Statement, all assets and liabilities are translated at the current exchange rate, stockholder’s deficit are translated at the historical rates and income statement items are translated at an average exchange rate for the period. The resulting translation adjustments are reported under other comprehensive income (loss) as a component of stockholders’ equity (deficit).
Recent Accounting Pronouncements	Recent Accounting Pronouncements In August 2020, the FASB issued ASU 2020-06, Debt — Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity (“ASU 2020-06”). ASU 2020-06 simplifies the accounting for convertible debt by eliminating the beneficial conversion and cash conversion accounting models. Upon adoption of ASU 2020-06, convertible debt, unless issued with a substantial premium or an embedded conversion feature that is not clearly and closely related to the host contract, will no longer be allocated between debt and equity components. This modification will reduce the issue discount and result in less non-cash interest expense in financial statements. ASU 2020-06 also updates the earnings per share calculation and requires entities to assume share settlement when the convertible debt can be settled in cash or shares. For contracts in an entity’s own equity, the type of contracts primarily affected by ASU 2020-06 are freestanding and embedded features that are accounted for as derivatives under the current guidance due to a failure to meet the settlement assessment by removing the requirements to (i) consider whether the contract would be settled in registered shares, (ii) consider whether collateral is required to be posted, and (iii) assess shareholder rights. ASU 2020-06 is effective for fiscal years beginning after December 15, 2023. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, and only if adopted as of the beginning of such fiscal year. The Company is currently evaluating the impact that the standard will have on its unaudited consolidated financial statements. In March 2022, the FASB issued ASU 2022-02, Troubled Debt Restructurings and Vintage Disclosures. This ASU eliminates the accounting guidance for troubled debt restructurings by creditors that have adopted ASU 2016-13, Measurement of Credit Losses on Financial Instruments. This ASU also enhances the disclosure requirements for certain loan refinancing and restructurings by creditors when a borrower is experiencing financial difficulty. In addition, the ASU amends the guidance on vintage disclosures to require entities to disclose current period gross write-offs by year of origination for financing receivables and net investments in leases within the scope of ASC 326-20. The ASU is effective for annual periods beginning after December 15, 2022, including interim periods within those fiscal years. Adoption of the ASU would be applied prospectively. Early adoption is also permitted, including adoption in an interim period. The Company is currently evaluating the impact that the standard will have on its unaudited consolidated financial statements.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Schedule of property and equipment under capital leases, generally based on the following useful lives	Estimated Life Buildings and leasehold improvements 3 ~ 50 Machinery and equipment 2 ~ 8 Office equipment 3 ~ 10

Inventory (Tables)

Inventory (Tables)	9 Months Ended
	Sep. 30, 2022
Convertible Notes Payable Disclosure [Abstract]
Schedule of inventory	September 30, December 31, (Unaudited) Finished goods $ 93,901 $ 96,725 Raw materials 62,537 84,620 Allowance for inventory valuation and obsolescence loss (135,949 ) (155,370 ) Inventory, net $ 20,489 $ 25,975

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	September 30, December 31, (Unaudited) Land $ 350,079 $ 400,091 Buildings and leasehold improvements 2,222,965 2,235,061 Machinery and equipment 1,113,379 1,013,376 Office equipment 168,606 191,824 3,855,029 3,840,352 Less: accumulated depreciation (3,288,278 ) (3,314,471 ) Property and equipment, net $ 566,751 $ 525,881

Long-Term Investments (Tables)

Long-Term Investments (Tables)	9 Months Ended
	Sep. 30, 2022
Long Term Investment Abstract
Schedule of ownership percentages of investee	Ownership percentage September 30, December 31, Accounting Name of related party 2022 2021 treatments Braingenesis Biotechnology Co., Ltd. 0.17 % 0.17 % Cost Method Genepharm Biotech Corporation 0.70 % 0.70 % Cost Method BioHopeKing Corporation 5.90 % 5.90 % Cost Method BioFirst Corporation 15.99 % 15.99 % Equity Method Rgene Corporation 31.62 % 31.62 % Equity Method
Schedule of extent the investee relies	Name of related party The extent the investee relies on the Company for its business Braingenesis Biotechnology Co., Ltd. No specific business relationship Genepharm Biotech Corporation No specific business relationship BioHopeKing Corporation Collaborating with the Company to develop and commercialize drugs BioFirst Corporation Collaborating with the Company to develop and commercialize drugs Rgene Corporation Collaborating with the Company to develop and commercialize drugs
Schedule of long-term investment	September 30, December 31, (Unaudited) Non-marketable Cost Method Investments, net Braingenesis Biotechnology Co., Ltd. $ 6,948 $ 7,941 Genepharm Biotech Corporation 21,213 24,244 BioHopeKing Corporation 787,999 900,570 Sub total 816,160 932,755 Equity Method Investments, net BioFirst Corporation - - Rgene Corporation - - Total $ 816,160 $ 932,755
Schedule of balance sheet	September 30, December 31, (Unaudited) Current Assets $ 1,680,108 $ 2,205,669 Non-current Assets 740,874 959,454 Current Liabilities 2,512,708 2,909,703 Non-current Liabilities 100,261 32,522 Stockholders’ Equity (Deficit) (191,987 ) 222,898 September 30, December 31, (Unaudited) Current Assets $ 497,633 $ 73,452 Noncurrent Assets 311,612 374,423 Current Liabilities 1,796,491 1,934,786 Noncurrent Liabilities 20,340 - Shareholders’ Deficit (1,007,586 ) (1,486,911 )
Schedule of statements of operation	Nine Months Ended 2022 2021 (Unaudited) Net sales $ 23,079 $ 17,451 Gross profit 5,747 5,414 Net loss (993,643 ) (887,230 ) Share of losses from investments accounted for using the equity method - (193,147 ) Nine Months Ended 2022 2021 (Unaudited) Net sales $ - $ - Gross Profit - - Net loss (450,995 ) (411,897 ) Share of loss from investments accounted for using the equity method - -
Schedule of equity investments	Nine Months Ended 2022 2021 (Unaudited) Share of equity method investee losses $ - $ (193,147 )

Bank Loans (Tables)

Bank Loans (Tables)	9 Months Ended
	Sep. 30, 2022
Bank Loans Abstract
Schedule of short-term bank loan	September 30, December 31, 2022 2021 Cathay United Bank $ 236,250 $ 270,000 CTBC Bank 630,000 720,000 Cathay Bank 1,000,000 650,000 Total $ 1,866,250 $ 1,640,000

Related Parties Transactions (T

Related Parties Transactions (Tables)	9 Months Ended
	Sep. 30, 2022
Related Party Transactions [Abstract]
Schedule of related party transactions	Name of entity or Individual Relationship with the Company and its subsidiaries BioFirst Corporation (the “BioFirst”) Entity controlled by controlling beneficiary shareholder of YuanGene BioFirst (Australia) Pty Ltd. (the “BioFirst (Australia)”) 100% owned by BioFirst; Entity controlled by controlling beneficiary shareholder of YuanGene Rgene Corporation (the “Rgene”) Shareholder of the Company; Entity controlled by controlling beneficiary shareholder of YuanGene; the Chairman of Rgene is Mr. Tsung-Shann Jiang YuanGene Corporation (the “YuanGene”) Controlling beneficiary shareholder of the Company AsiaGene Corporation (the “AsiaGene”) Shareholder; entity controlled by controlling beneficiary shareholder of YuanGene Eugene Jiang Former President and Chairman Keypoint Technology Ltd. (the “Keypoint’) The Chairman of Keypoint is Eugene Jiang’s mother. Lion Arts Promotion Inc. (the “Lion Arts”) Shareholder of the Company Yoshinobu Odaira (the “Odaira”) Director of the Company GenePharm Inc. (the “GenePharm”) Dr. George Lee, Board Director of Biokey, is the Chairman of GenePharm. Euro-Asia Investment & Finance Corp Ltd. (the “Euro-Asia”) Shareholder of the Company LBG USA, Inc. (the “LBG USA”) 100% owned by BioFirst; Entity controlled by controlling beneficiary shareholder of YuanGene LionGene Corporation (the “LionGene”) Shareholder of the Company; Entity controlled by controlling beneficiary shareholder of YuanGene Kimho Consultants Co., Ltd. (the “Kimho”) Shareholder of the Company The Jiangs Mr. Tsung-Shann Jiang, the controlling beneficiary shareholder of the Company; the Chairman of Rgene; the Chairman and CEO of the BioLite Holding Inc. and BioLite Inc. and the President and a member of board of directors of BioFirst Amkey Ventures, LLC (“Amkey”) An entity controlled by Dr. George Lee, who serves as one of the board directors of BioKey, Inc BioLite Japan Entity controlled by controlling beneficiary shareholder of ABVC ABVC BioPharma (HK), Limited An entity 100% owned by Mr. Tsung-Shann Jiang
Schedule of accounts receivable due from related parties	September 30, December 31, 2022 2021 GenePharm Inc. $ - $ 142,225 Rgene - 2,374 Amkey - 800 Total $ - $ 145,399
Schedule of due from related parties - current	September 30, December 31, 2022 2021 Rgene $ 500,000 $ - Total $ 500,000 $ -
Schedule of due from related parties - non current	September 30, December 31, 2022 2021 Rgene $ 1,480 $ 49,110 BioFirst (Australia) 1,038,775 491,816 BioHopeKing Corporation - 124,972 LBG USA - 675 BioLite Japan 150,000 150,000 Keypoint - 1,610 Total $ 1,190,255 $ 818,183
Schedule of amount due to related parties	September 30, December 31, 2022 2021 BioFirst Corporation $ 40,878 $ 40,878 BioFirst (Australia) 211,147 132,443 AsiaGene 24,017 24,017 YuanGene 9,205 9,205 The Jiangs 19,789 18,750 Due to shareholders 146,790 168,131 Total $ 451,826 $ 393,424

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Schedule of income tax expense	Three Months Ended Nine Months Ended 2022 2021 2022 2021 Current: Federal $ - $ - $ - $ - State 800 - 1,600 800 Foreign - - - - Total Current $ 800 $ - $ 1,600 $ 800 Deferred: Federal $ - $ - $ - $ - State - - - - Foreign 3,422 (75,667 ) (166,696 ) (187,055 ) Total Deferred $ 3,422 $ (75,667 ) $ (166,696 ) $ (187,055 ) Total provision for income taxes $ 4,222 $ (75,667 ) $ (165,096 ) $ (186,255 )
Schedule of deferred tax assets (liability)	September 30, December 31, 2022 2021 Loss on impairment of Assets 648,716 741,390 Net operating loss carryforwards in the Taiwan 402,245 283,725 Tax credit of investment 610,914 698,187 Gross 1,661,875 1,723,302 Valuation allowance (648,716 ) (741,390 ) Net $ 1,013,159 $ 981,912

Equity (Tables)

Equity (Tables)	9 Months Ended
	Sep. 30, 2022
Stockholders' Equity Note [Abstract]
Schedule of convert the amount of debt	Amount of Number of Lion Arts Promotion Inc $ 97,864 13,981 LionGene Corporation 428,099 61,157 BioFirst Corporation 2,902,911 414,702 AsiaGene Corporation 160,000 22,858 YuanGene Corporation 92,690 13,242 The Jiangs 1,190,776 170,111 Total $ 4,872,340 696,051

Stock Options (Tables)

Stock Options (Tables)	9 Months Ended
	Sep. 30, 2022
Stock Options Abstract
Schedule of options issued and outstanding	Number of Weighted- Weighted- Aggregate Outstanding as of January 1, 2021 545,182 $ 2.00 $  - Granted 1,280,002 3.00 Forfeited - - Outstanding as of December 31, 2021 1,825,184 2.70 9.51 $ 616,056 Exercisable as of December 31, 2021 1,825,184 2.70 9.51 $ 616,056 Vested and expected to vest 1,825,184 $ 2.70 9.51 $ 616,056
Schedule of fair value of stock options granted	Year ended December 31, Risk free interest rate 1,13 % Expected term (in years) 5.00 Dividend yield 0 % Expected volatility 108.51 %

Loss per share (Tables)

Loss per share (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Schedule of loss per share	For the Three Months September 30, September 30, Numerator: Net loss attributable to ABVC’s common stockholders $ (3,704,864 ) $ (1,806,488 ) Denominator: Weighted-average shares outstanding: Weighted-average shares outstanding - Basic 32,574,551 26,882,181 Stock options – – Weighted-average shares outstanding - Diluted 32,574,551 26,882,181 Loss per share -Basic $ (0.11 ) $ (0.07 ) -Diluted $ (0.11 ) $ (0.07 ) For the Nine Months September 30, September 30, Numerator: Net loss attributable to ABVC’s common stockholders $ (11,559,301 ) $ (4,906,559 ) Denominator: Weighted-average shares outstanding: Weighted-average shares outstanding - Basic 31,193,397 25,053,522 Stock options – – Weighted-average shares outstanding - Diluted 31,193,397 25,053,522 Loss per share -Basic $ (0.37 ) $ (0.20 ) -Diluted $ (0.37 ) $ (0.20 )

Lease (Tables)

Lease (Tables)	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Schedule of operating lease arrangements	September 30, December 31, ASSETS Operating lease right-of-use assets $ 1,243,930 $ 1,471,899 LIABILITIES Operating lease liabilities (current) 363,752 347,100 Operating lease liabilities (noncurrent) 880,178 1,124,799
Schedule of lease expenses	Three Months Ended 2022 2021 Operating lease expenses $ 87,367 $ 86,280 Nine Months Ended 2022 2021 Operating lease expenses $ 261,494 $ 165,127 Nine Months Ended 2022 2021 Cash paid for amounts included in the measurement of operating lease liabilities $ 261,494 $ 165,127 September 30, December 31, Weighted Average Remaining Lease Term: Operating leases 2.79 years 2.90 years Weighted Average Discount Rate: Operating leases 1.52 % 1.39 %
Schedule of minimum future annual payments under non-cancellable leases	Operating 2022 (excluding nine months ended September 30, 2022) $ 91,387 2023 371,055 2024 386,244 2025 348,525 Thereafter 56,915 Total future minimum lease payments, undiscounted 1,254,126 Less: Imputed interest 10,196 Present value of future minimum lease payments $ 1,243,930

Business Combination (Tables)

Business Combination (Tables)	9 Months Ended
	Sep. 30, 2022
Business Combinations [Abstract]
Schedule of assets acquired and liabilities assumed based on fair value	Purchase consideration: Common Stock (*) $ 44,341,847 Allocation of the purchase price: Cash and cash equivalents $ 531,147 Accounts receivable, net 188,550 Property and equipment, net 56,075 Operating lease right-of-use assets 485,684 Security deposits 10,440 Total assets acquired 1,271,896 Accounts payable (56,204 ) Accrued expenses and other current liabilities (251,335 ) Operating lease liability (267,256 ) Tenant security deposit (2,880 ) Total liabilities assumed (577,675 ) Total net assets acquired 694,221 Goodwill as a result of the Merger $ 43,647,626

Organization and Description _2

Organization and Description of Business (Details) - USD ($)			9 Months Ended
	Feb. 08, 2019	Feb. 08, 2016	Sep. 30, 2022	Sep. 30, 2021	Aug. 31, 2017
Organization and Description of Business (Details) [Line Items]
Percentage of common shares issued and outstanding					73%
Common stock issued post-stock split		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.
Net loss (in Dollars)			$ (11,811,472)
Working capital deficit (in Dollars)			991,230
Net cash operating activities (in Dollars)			$ (6,937,322)	$ (5,073,103)
Share Exchange Agreement [Member]
Organization and Description of Business (Details) [Line Items]
Common stock issued post-stock split		164,387,376
Common stock issued pre-stock split		52,336,000
Share Exchange Agreement One [Member]
Organization and Description of Business (Details) [Line Items]
Common stock issued post-stock split		166,273,921
Common stock issued pre-stock split		52,936,583
Share Exchange Agreement Two [Member]
Organization and Description of Business (Details) [Line Items]
Common stock issued post-stock split		163,159,952
Common stock issued pre-stock split		51,945,225
Percentage of common shares issued and outstanding		79.70%
Percentage of issued share capital		100%
Share Exchange Agreement Three [Member]
Organization and Description of Business (Details) [Line Items]
Common stock issued post-stock split		166,273,921
Common stock issued pre-stock split		52,936,583
Share Exchange Agreement Four [Member]
Organization and Description of Business (Details) [Line Items]
Common stock issued post-stock split		205,519,223
Common stock issued pre-stock split		65,431,144
Merger Agreement [Member]
Organization and Description of Business (Details) [Line Items]
Common stock issued pre-stock split	104,558,777

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Mar. 21, 2016
Summary of Significant Accounting Policies (Details) [Line Items]
Common stock, par value (in Dollars per share)						$ 0.001
Common stock authorized (in Shares)						360,000,000
Cash and cash equivalents (in Dollars)	$ 1,323,543		$ 1,323,543		$ 5,828,548
Restricted cash equivalents (in Dollars)	646,604		$ 646,604		$ 736,667
Impairment of equity investments (in Dollars)	0			$ 9
Labor pension fund percentage			6%
Percentage of monthly contribution			6%
Employee benefits amount (in Dollars)	3,302	$ 2,906	$ 9,948	8,268
Employee stock-based compensation expenses (in Dollars)	0	9
Non-employee stock-based compensation expenses (in Dollars)	$ 225,740	$ 225,740	$ 5,143,483	$ 927,220
Benefit percentage			50%
Vendor One [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Total purchases, percentage				29.70%
Vendor Two [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Total purchases, percentage				24.90%
Vendor Three [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Total purchases, percentage				24.70%
GenePharm Inc. [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Total accounts receivable, percentage	27.44%		27.44%
LiveLeaf Bioscience [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Total accounts receivable, percentage	22.98%		22.98%
Rgene Corporation [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Total revenues, percentage			79.18%
GLIA, LLC [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Total revenues, percentage				39.61%
Chartwell RX Sciences, LLC [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Total revenues, percentage				25.09%
Biotech Industries [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Total revenue percentage	47.84%
Agriculture Industries [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Total revenue percentage	16.47%	14.43%
Pharmaceutical Industries [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Total revenue percentage	15.60%	47.57%
GRAS Associates [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Total purchases, percentage	79.10%		40.50%
PHARMout Labs [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Total purchases, percentage		89.10%
Hanna Instruments [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Total purchases, percentage		10.90%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Schedule of property and equipment under capital leases, generally based on the following useful lives	9 Months Ended
	Sep. 30, 2022
Buildings and leasehold improvements [Member] | Minimum [Member]
Summary of Significant Accounting Policies (Details) - Schedule of property and equipment under capital leases, generally based on the following useful lives [Line Items]
Estimated Life	3 years
Buildings and leasehold improvements [Member] | Maximum [Member]
Summary of Significant Accounting Policies (Details) - Schedule of property and equipment under capital leases, generally based on the following useful lives [Line Items]
Estimated Life	50 years
Machinery and equipment [Member] | Minimum [Member]
Summary of Significant Accounting Policies (Details) - Schedule of property and equipment under capital leases, generally based on the following useful lives [Line Items]
Estimated Life	2 years
Machinery and equipment [Member] | Maximum [Member]
Summary of Significant Accounting Policies (Details) - Schedule of property and equipment under capital leases, generally based on the following useful lives [Line Items]
Estimated Life	8 years
Office equipment [Member] | Minimum [Member]
Summary of Significant Accounting Policies (Details) - Schedule of property and equipment under capital leases, generally based on the following useful lives [Line Items]
Estimated Life	3 years
Office equipment [Member] | Maximum [Member]
Summary of Significant Accounting Policies (Details) - Schedule of property and equipment under capital leases, generally based on the following useful lives [Line Items]
Estimated Life	10 years

Collaborative Agreements (Detai

Collaborative Agreements (Details)

1 Months Ended

9 Months Ended

12 Months Ended

Aug. 15, 2017 USD ($)

Dec. 24, 2018

Sep. 30, 2018 USD ($)

Sep. 25, 2017 USD ($)

May 26, 2017 USD ($)

Aug. 31, 2016 USD ($)

Aug. 31, 2016 TWD ($)

Jul. 27, 2016 USD ($)

Dec. 31, 2015 USD ($)

Sep. 30, 2022 USD ($)

Dec. 31, 2017 USD ($)

Jun. 10, 2022 USD ($)

Aug. 05, 2019 USD ($) shares

Jun. 30, 2019 USD ($) shares

Collaborative Agreements (Details) [Line Items]

Milestone payments royalty percentage

12%

Co-Dev agreement, description

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.

BioKey [Member]

Collaborative Agreements (Details) [Line Items]

Amount received

$ 3,000,000

BHK Co-Development Agreement [Member]

Collaborative Agreements (Details) [Line Items]

Milestone payment

$ 31,649,000

$ 10,000,000

Description of payment settlement

●Upon the first Investigational New Drug (IND) submission and BioLite Taiwan will deliver all data to BHK according to FDA Reviewing requirement: $1 million, or 10% of total payment ●At the completion of first phase II clinical trial: $1 million, or 10% of total payment   ●At the initiation of phase III of clinical trial research: $3 million, or 30% of total payment   ●Upon the New Drug Application (NDA) submission: $4 million, or 40% of total payment

Upfront cash payment

$ 1,000,000

Percentage of payments under co-development agreement

10%

Total cash amount

$ 1,000,000

$ 10,000,000

Collaborative agreements, description

In 2015, the Company recognized the cash receipt in a total of NT$50 million, approximately equivalent to $1.6 million, as collaboration revenue when all research, technical, and development data was delivered to BHK.

In addition to the total of NT$50 million, approximately equivalent to $1.60 million, BioLite Taiwan is entitled to receive 50% of the future net licensing income or net sales profit.

Co-Dev Agreement [Member]

Collaborative Agreements (Details) [Line Items]

Percentage of payments under co-development agreement

50%

Compensation amount

$ 3,000,000

Addition cash payment

$ 3,000,000

Additional paid-in capital

$ 3,000,000

Amount received

450,000

Collaborative Agreement [Member]

Collaborative Agreements (Details) [Line Items]

Percentage of payments under co-development agreement

50%

Total cash amount

$ 3,000,000

Compensation amount

$ 3,000,000

Licensing rights

$ 3,000,000

Research and development expense

$ 3,000,000

BioFirst Stock Purchase Agreement [Member]

Collaborative Agreements (Details) [Line Items]

Amount received

$ 2,902,911

$ 3,000,000

Shares issued (in Shares) | shares

414,702

428,571

Inventory (Details) - Schedule

Inventory (Details) - Schedule of inventory - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Schedule Of Inventory [Abstract]
Finished goods	$ 93,901	$ 96,725
Raw materials	62,537	84,620
Allowance for inventory valuation and obsolescence loss	(135,949)	(155,370)
Inventory, net	$ 20,489	$ 25,975

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Property, Plant and Equipment [Abstract]
Depreciation expenses	$ 6,462	$ 2,856	$ 17,364	$ 8,725

Property and Equipment (Detai_2

Property and Equipment (Details) - Schedule of property and equipment - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 3,855,029	$ 3,840,352
Less: accumulated depreciation	(3,288,278)	(3,314,471)
Property and equipment, net	566,751	525,881
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	350,079	400,091
Buildings and leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	2,222,965	2,235,061
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,113,379	1,013,376
Office equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 168,606	$ 191,824

Long-Term Investments (Details)

Long-Term Investments (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Long-Term Investments (Details) [Line Items]
Purchase an additional shares (in Shares)	317,000
Aggregate amount	$ 599,130	$ 684,720
Total amount	$ 1,365,000	$ 465,000
Interest rate, percentage	6.50%	6.50%
Outstanding loan balance	$ 1,830,000	$ 465,000
Accrued interest	81,404	2,325
Due amount	75,824	1,110
Aggregate amount	$ 2,586,658	$ 1,153,155
BioFirst [Member]
Long-Term Investments (Details) [Line Items]
Percentage of common stock shares	15.99%	15.99%
Rgene [Member]
Long-Term Investments (Details) [Line Items]
Percentage of common stock shares	31.62%	31.62%

Long-Term Investments (Detail_2

Long-Term Investments (Details) - Schedule of ownership percentages of investee	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Braingenesis Biotechnology Co., Ltd. [Member]
Long-Term Investments (Details) - Schedule of ownership percentages of investee [Line Items]
Ownership percentage	0.17%	0.17%
Accounting treatments	Cost Method
Genepharm Biotech Corporation [Member]
Long-Term Investments (Details) - Schedule of ownership percentages of investee [Line Items]
Ownership percentage	0.70%	0.70%
Accounting treatments	Cost Method
BioHopeKing Corporation [Member]
Long-Term Investments (Details) - Schedule of ownership percentages of investee [Line Items]
Ownership percentage	5.90%	5.90%
Accounting treatments	Cost Method
BioFirst Corporation [Member]
Long-Term Investments (Details) - Schedule of ownership percentages of investee [Line Items]
Ownership percentage	15.99%	15.99%
Accounting treatments	Equity Method
Rgene Corporation [Member]
Long-Term Investments (Details) - Schedule of ownership percentages of investee [Line Items]
Ownership percentage	31.62%	31.62%
Accounting treatments	Equity Method

Long-Term Investments (Detail_3

Long-Term Investments (Details) - Schedule of extent the investee relies	9 Months Ended
	Sep. 30, 2022
Braingenesis Biotechnology Co., Ltd. [Member]
Long-Term Investments (Details) - Schedule of extent the investee relies [Line Items]
Relationship with the Company and its subsidiaries, description	No specific business relationship
Genepharm Biotech Corporation [Member]
Long-Term Investments (Details) - Schedule of extent the investee relies [Line Items]
Relationship with the Company and its subsidiaries, description	No specific business relationship
BioHopeKing Corporation [Member]
Long-Term Investments (Details) - Schedule of extent the investee relies [Line Items]
Relationship with the Company and its subsidiaries, description	Collaborating with the Company to develop and commercialize drugs
BioFirst Corporation [Member]
Long-Term Investments (Details) - Schedule of extent the investee relies [Line Items]
Relationship with the Company and its subsidiaries, description	Collaborating with the Company to develop and commercialize drugs
Rgene Corporation [Member]
Long-Term Investments (Details) - Schedule of extent the investee relies [Line Items]
Relationship with the Company and its subsidiaries, description	Collaborating with the Company to develop and commercialize drugs

Long-Term Investments (Detail_4

Long-Term Investments (Details) - Schedule of long-term investment - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Non-marketable Cost Method Investments, net
Sub total	$ 816,160	$ 932,755
Equity Method Investments, net
Total	816,160	932,755
Braingenesis Biotechnology Co., Ltd. [Member]
Non-marketable Cost Method Investments, net
Sub total	6,948	7,941
Genepharm Biotech Corporation [Member]
Non-marketable Cost Method Investments, net
Sub total	21,213	24,244
BioHopeKing Corporation [Member]
Non-marketable Cost Method Investments, net
Sub total	787,999	900,570
BioFirst Corporation [Member]
Equity Method Investments, net
Total
Rgene Corporation [Member]
Equity Method Investments, net
Total

Long-Term Investments (Detail_5

Long-Term Investments (Details) - Schedule of balance sheet - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
BioFirst [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Current Assets	$ 1,680,108	$ 2,205,669
Non-current Assets	740,874	959,454
Current Liabilities	2,512,708	2,909,703
Non-current Liabilities	100,261	32,522
Stockholders’ Equity (Deficit)	(191,987)	222,898
Rgene [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Current Assets	497,633	73,452
Non-current Assets	311,612	374,423
Current Liabilities	1,796,491	1,934,786
Non-current Liabilities	20,340
Stockholders’ Equity (Deficit)	$ (1,007,586)	$ (1,486,911)

Long-Term Investments (Detail_6

Long-Term Investments (Details) - Schedule of statements of operation - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
BioFirst [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	$ 23,079	$ 17,451
Gross profit	5,747	5,414
Net loss	(993,643)	(887,230)
Share of losses from investments accounted for using the equity method		(193,147)
Rgene [Member]
Condensed Income Statements, Captions [Line Items]
Net sales
Gross profit
Net loss	(450,995)	(411,897)
Share of losses from investments accounted for using the equity method

Long-Term Investments (Detail_7

Long-Term Investments (Details) - Schedule of equity investments - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Schedule Of Equity Investments Abstract
Share of equity method investee losses		$ (193,147)

Convertible Notes Payable (Deta

Convertible Notes Payable (Details) - USD ($)				1 Months Ended								3 Months Ended		9 Months Ended		12 Months Ended
	Apr. 05, 2020	Sep. 04, 2019	Jul. 10, 2019	Jul. 21, 2021	Oct. 23, 2020	Oct. 29, 2019	Aug. 28, 2019	May 30, 2019	Aug. 25, 2018	Jun. 27, 2018	May 09, 2018	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2020	May 17, 2021	Jan. 21, 2020	Aug. 31, 2019
Convertible Notes Payable (Details) [Line Items]
Principal amount												$ 500,000		$ 500,000		$ 0
Gross proceeds									$ 5,000,000	$ 5,000,000	$ 5,000,000
Share price per unit (in Dollars per share)											$ 2
Shares offering price percentage											80%
Outstanding amount											$ 500,000
Interest rate																			20%
Aggregate principal and accrued interest expense	$ 354,722
Aggregate shares of common stock (in Shares)	192,784
Offering price, percentage			70%											12%
Public equity offering exceed amount			$ 10,000,000
Shares issued (in Shares)																	111,112
Conversion price (in Dollars per share)																		$ 2.25		$ 7
Convertible promissory note				$ 2,500,000
Convertible promissory note, shares (in Shares)				1,111,112
Accrued convertible interest														$ 0		0
Warrants [Member]
Convertible Notes Payable (Details) [Line Items]
Aggregate shares of common stock (in Shares)	192,784
Common Stock [Member]
Convertible Notes Payable (Details) [Line Items]
Share price per unit (in Dollars per share)			$ 50
Unsecured convertible promissory note [Member]
Convertible Notes Payable (Details) [Line Items]
Principal amount		$ 257,500	$ 250,000			$ 250,000	$ 200,000	$ 250,000	250,000	250,000	300,000
Convertible promissory note received		$ 257,500	$ 90,000			$ 250,000	$ 200,000	$ 160,000	$ 250,000	$ 250,000	$ 300,000
Bears interest rate		20%	20%			20%	20%	20%	8%	8%	8%
Conversion price, description								At any time from the issuance date until the KSL Note has been satisfied, the KSL may convert the unpaid and outstanding principal plus any accrued and unpaid interest and or default interest, if any, into shares of the Company’s common stock at a conversion price (the “Conversion Price”) equal to the lower of (i) $0.50 per share (the “Fixed Conversion Price”), subject to adjustment, or (ii) 70% of the per share offering price (the “Alternative Conversion Price”) of the completed public equity offering of the Company in an amount exceeding $10,000,000 as stated on the registration statement on a Form S-1 filed with the Securities and Exchange Commission on November 14, 2018 (the “Public Offering”), as amended from time to time. In accordance with FASB ASC 470-20, the Company recognized none of the intrinsic value of the embedded beneficial conversion feature present in the KSL Note. On May 13, 2020, the Company received an acknowledgement letter from KSL that they will not claim the repayment of loan for 12 months. On November 9, 2020, the Company entered into an agreement with “KSL”. The aggregate principal amount plus accrued interest expenses are $270,272, and KSL agreed to use the full amount to purchase certain securities pursuant to a securities purchase agreement; KSL agreed to purchase and the Company agreed to issue 120,121 shares of the Company’s common stock and warrants for a purchase price of $270,272. During the year ended December 31, 2020, the Company issued to the Holders an aggregate of 120,121 shares of the Company’s common stock.	At any time from the date hereof until this Odaira Note has been satisfied, Odaira may convert the unpaid and outstanding principal plus any accrued and unpaid interest and or default interest, if any, into shares of the Company’s common stock at a conversion price (the “Conversion Price”) equal to the lower of (i) $2.00 per share (the “Fixed Conversion Price”), subject to adjustment or (ii) 80% of the per share offering price (the “Alternative Conversion Price”) of any completed equity offering of the Company in an amount exceeding $500,000 that occurs when any part of the Odaira Note is outstanding, subject to adjustments set forth in the Odaira Note. In accordance with FASB ASC 470-20, the Company recognized none of the intrinsic value of embedded beneficial conversion feature present in the Odaira Note. On January 21, 2020, Odaira entered into a new agreement that the new Note bears interest at 20% per annum. The Company shall pay to the Odaira an amount in cash representing all outstanding principal and accrued and unpaid interest on the Twelve (12) month anniversary of the issuance date of the new “Odaira” Note, which is on January 20, 2021. On April 5, 2020, the Company entered into an exchange agreement with “Odaira”. The aggregate principal amount plus accrued interest expenses were $284,036, and the Company agreed to issue to the Holders an aggregate of 154,368 shares of the Company’s common stock, and warrants to purchase 154,368 shares of the Company’s common stock.	At any time from the date hereof until this Keypoint Note has been satisfied, Keypoint may convert the unpaid and outstanding principal plus any accrued and unpaid interest and or default interest, if any, into shares of the Company’s common stock at a conversion price (the “Conversion Price”) equal to the lower of (i) $2.00 per share (the “Fixed Conversion Price”), subject to adjustment or (ii) 80% of the per share offering price (the “Alternative Conversion Price”) of any completed equity offering of the Company in an amount exceeding $500,000 that occurs when any part of the Keypoint Note is outstanding, subject to adjustments set forth in the Keypoint Note. In accordance with FASB ASC 470-20, the Company recognized none of the intrinsic value of embedded beneficial conversion feature present in the Keypoint Note. On January 21, 2020, Keypoint entered into a new agreement that the new Note bears interest at 20% per annum. The Company shall pay to the Keypoint an amount in cash representing all outstanding principal and accrued and unpaid interest on the Twelve (12) month anniversary of the issuance date of the new “Keypoint” Note, which is on January 20, 2021. On April 5, 2020, the Company entered into an exchange agreement with “Keypoint”. The aggregate principal amount plus accrued interest expenses were $292,826, and the Company agreed to issue to the Holders an aggregate of 159,145 shares of the Company’s common stock, and warrants to purchase 159,145 shares of the Company’s common stock.
Equity offering, description								The KSL Note bears interest at 20% per annum. The Company shall pay to KSL an amount in cash representing all outstanding principal and accrued and unpaid interest on the Twelve (12) month anniversary of the issuance date of the KSL Note, which is on May 29, 2020 and July 9, 2020.
Payments to Acquire Loans Receivable			$ 250,000
Convertible debenture												0		0		0
Accrued convertible interest														0		$ 0
Conversion Price [Member]
Convertible Notes Payable (Details) [Line Items]
Conversion price, description							(i) $.50 per share (the “Fixed Conversion Price”), subject to adjustment, or (ii) 70% of the per share offering price (the “Alternative Conversion Price”) of the completed public equity offering of the Company in an amount exceeding $10,000,000 as stated on the registration statement on a Form S-1 filed with the Securities and Exchange Commission on November 14, 2018 (the “Public Offering”), as amended from time to time. In accordance with FASB ASC 470-20, the Company recognized none of the intrinsic value of embedded beneficial conversion feature present in the KLS Note. On April 20, 2020, the Company entered into an exchange agreement with KLS. The aggregate principal amount plus accrued interest expenses were $225,222, and the Company agreed to issue to the Holders an aggregate of 126,530 shares of the Company’s common stock, and warrants to purchase 126,530 shares of common stock. These common shares have been issued during the year ended December 31, 2020
Securities Purchase Agreement [Member]
Convertible Notes Payable (Details) [Line Items]
Conversion price, description					Upon the Maturity Date, the Company shall pay to the holder, in cash, an amount representing all outstanding principal amount and accrued and unpaid interest under the October Note. The October Note bears an interest rate of ten percent (10%) per annum and may be convertible into shares of the Company’s common stock at a fixed conversion price of $2.25 per share.
Convertible Note Payable [Member]
Convertible Notes Payable (Details) [Line Items]
Total interest expenses												$ 0	$ 20,833	$ 0	$ 150,230

Bank Loans (Details)

Bank Loans (Details)

1 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

Sep. 06, 2022 USD ($)

Sep. 06, 2022 TWD ($)

Jul. 14, 2022 USD ($)

Jul. 14, 2022 TWD ($)

Jan. 14, 2022 USD ($)

Jan. 14, 2022 TWD ($)

Oct. 31, 2021 USD ($)

Sep. 06, 2021 USD ($)

Sep. 06, 2021 TWD ($)

Sep. 06, 2020 USD ($)

Sep. 06, 2019 USD ($)

Jan. 08, 2019 USD ($)

Oct. 01, 2018 USD ($)

Sep. 06, 2017

Jun. 12, 2017 USD ($)

Jan. 21, 2019 USD ($)

Jul. 19, 2017 USD ($)

Jun. 28, 2016 USD ($)

Sep. 30, 2022 USD ($)

Sep. 30, 2021 USD ($)

Sep. 30, 2022 USD ($)

Sep. 30, 2021 USD ($)

Dec. 31, 2021 USD ($)

Jul. 15, 2021 USD ($)

Jul. 15, 2021 TWD ($)

Jan. 15, 2021 USD ($)

Jan. 15, 2021 TWD ($)

Dec. 03, 2020 USD ($)

Oct. 03, 2020 USD ($)

Sep. 06, 2020 TWD ($)

Jul. 17, 2020 USD ($)

Jul. 17, 2020 TWD ($)

Apr. 08, 2020 USD ($)

Jan. 19, 2020 USD ($)

Jan. 19, 2020 TWD ($)

Sep. 06, 2019 TWD ($)

Jul. 18, 2019 USD ($)

Jul. 18, 2019 TWD ($)

Oct. 01, 2018 TWD ($)

Sep. 06, 2018 USD ($)

Sep. 06, 2018 TWD ($)

Jul. 19, 2017 TWD ($)

Jun. 12, 2017 TWD ($)

Jun. 28, 2016 TWD ($)

Bank Loans (Details) [Line Items]

Principal amount

$ 1,000,000

Maturity date

Jul. 18, 2019

Nov. 30, 2022

Bears interest rate

6.50%

6.50%

6.50%

Debt instrument term

1 year

1 year

1 year

1 year

Principal amount

$ 236,250

$ 7,500,000

$ 630,000

$ 20,000,000

$ 630,000

$ 20,000,000

$ 650,000

$ 236,250

$ 7,500,000

Received loan amount

$ 350,000

$ 350,000

Cathay United Loan Agreement [Member]

Bank Loans (Details) [Line Items]

Principal amount

$ 236,250

$ 236,250

$ 236,250

$ 236,250

$ 236,250

Maturity date

Jun. 28, 2017

Bears interest rate

1.15%

1.15%

Debt instrument term

1 year

1 year

1 year

1 year

Cathay United Loan Agreement [Member] | NT [Member]

Bank Loans (Details) [Line Items]

Principal amount

$ 7,500,000

$ 7,500,000

$ 7,500,000

$ 7,500,000

$ 7,500,000

Cathay United Bank [Member]

Bank Loans (Details) [Line Items]

Bears interest rate

2.54%

2.54%

2.10%

Interest expenses

$ 1,604

$ 1,417

$ 4,401

$ 4,221

CTBC Bank [Member]

Bank Loans (Details) [Line Items]

Principal amount

$ 315,000

$ 315,000

$ 630,000

$ 630,000

$ 630,000

$ 630,000

$ 630,000

Maturity date

Jan. 19, 2018

Bears interest rate

2%

2%

Debt instrument term

1 year

Interest expenses

3,289

3,023

9,002

$ 9,005

CTBC Bank [Member] | NT [Member]

Bank Loans (Details) [Line Items]

Principal amount

$ 20,000,000

$ 20,000,000

$ 20,000,000

$ 20,000,000

$ 20,000,000

$ 10,000,000

$ 10,000,000

Loan Agreement [Member]

Bank Loans (Details) [Line Items]

Received loan amount

$ 500,000

Regular interest rate, description

in connection with the Loan Agreement bears an interest rate (the “Regular Interest Rate”) equal to the sum of one percent (1%) and the prime rate as published in the Wall Street Journal (the “Index”) and the accrued interest shall become payable each month from February 1, 2019. Pursuant to the Note, the Company shall pay the entire outstanding principal plus accrued unpaid interest on the Maturity Date and may prepay portion or all of the Note before the Maturity Date without penalty. If the Company defaults on the Note, the default interest rate shall become five percent (5%) plus the Regular Interest Rate.

Exceeding amount

$ 500,000

Cathay Bank [Member]

Bank Loans (Details) [Line Items]

Principal amount

$ 650,000

Interest expenses

$ 12,446

4,014

$ 28,109

$ 11,911

Effective interest rates percentage

6.25%

3.75%

Outstanding loan balance

$ 1,000,000

Cathay Bank [Member] | Maximum [Member]

Bank Loans (Details) [Line Items]

Principal amount

1,000,000

1,000,000

Cathay Bank [Member] | Minimum [Member]

Bank Loans (Details) [Line Items]

Principal amount

$ 650,000

$ 650,000

Bank Loans (Details) - Schedule

Bank Loans (Details) - Schedule of short-term bank loan - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Short-Term Debt [Line Items]
Total	$ 1,866,250	$ 1,640,000
Cathay United Bank [Member]
Short-Term Debt [Line Items]
Total	236,250	270,000
CTBC Bank [Member]
Short-Term Debt [Line Items]
Total	630,000	720,000
Cathay Bank [Member]
Short-Term Debt [Line Items]
Total	$ 1,000,000	$ 650,000

Paycheck Protection Program L_2

Paycheck Protection Program Loan Payable (Details) - USD ($)			1 Months Ended			9 Months Ended	12 Months Ended
	Feb. 07, 2021	Apr. 14, 2020	Nov. 15, 2021	Sep. 28, 2021	Jan. 29, 2021	Sep. 30, 2022	Dec. 31, 2021	Mar. 15, 2021
Paycheck Protection Program Loan Payable (Details) [Line Items]
Loan from paycheck protection program		$ 124,400			$ 132,331
Forgiven amount percentage used for payroll	60%	60%			60%
Promissory note description					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.
Loan from paycheck protection programs	$ 104,167
Interest rate	1%
Paycheck Protection Program [Member]
Paycheck Protection Program Loan Payable (Details) [Line Items]
Debt Instrument, Payment Terms of description						The loan was granted pursuant to a promissory note dated April 14, 2020 issued by the Company, which matures on April 13, 2022 and bears interest at a rate of 1.00% per annum.
Loan amount								$ 124,400
Loan forgiven			$ 104,167	$ 132,331
Government grant income							$ 360,898

Notes Payable (Details)

Notes Payable (Details) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Jan. 31, 2019	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Notes Payable [Abstract]
Unsecured loan agreement, description	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.
Balance due amount		$ 0		$ 0		$ 0
Interest expenses		$ 0	$ 2,142	$ 0	$ 8,568

Short-Term Loan (Details)

Short-Term Loan (Details) - USD ($)	1 Months Ended	9 Months Ended	12 Months Ended
	Aug. 17, 2020	Sep. 30, 2022	Dec. 31, 2021	Feb. 18, 2020
Notes Payable [Abstract]
Unsecured loan amount				$ 100,000
Interest rate	1.50%
Accrued interest expense		$ 0	$ 0

Related Parties Transactions (D

Related Parties Transactions (Details) - USD ($)			1 Months Ended					3 Months Ended		9 Months Ended		12 Months Ended
	May 08, 2020	Jul. 10, 2019	Jun. 30, 2022	Jan. 31, 2022	Oct. 31, 2020	Jul. 19, 2017	Feb. 24, 2015	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2019	Dec. 31, 2018	Dec. 01, 2021	Sep. 07, 2021	Jul. 01, 2021	Jul. 01, 2020	Feb. 27, 2019
Related Parties Transactions (Details) [Line Items]
Current amount								$ 500,000		$ 500,000		$ 0
Non-current amount								1,480		$ 1,480
Interest rate				6.50%
Discount of stock price		70%								12%
Outstanding loan amount										$ 501,480		33,520
Convertible loan			$ 500,000
Principal amount			$ 1,000,000
Bears interest			5%
Working capital percentage			6.40%
Conversion price description										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.
Consultant services agreement								0		$ 0		1,889
Maturity date						Jul. 18, 2019				Nov. 30, 2022
Loan agreement total amount				$ 507,000
Loan agreement, description														The advances bear interest rate of 12% per annum.
Due amount								0		$ 0		124,972
Accrued interest								40,878		40,878		40,878
Outstanding principal and accrued interest								146,790		146,790		168,131
Interest expenses								$ 5,208	$ 5,679	$ 15,922	$ 16,670
BioFirst (Australia) [Member]
Related Parties Transactions (Details) [Line Items]
Due from rgene amounted															$ 250,000	$ 67,873		$ 361,487
Interest rate percentage									6.50%		6.50%
Loan settled amount																	$ 249,975
Ownership percentage								6.50%		6.50%
Accrued interest										$ 1,038,775
Research fee												491,816
Aggregate working capital										$ 211,147		$ 132,443
LBG USA, Inc.[Member]
Related Parties Transactions (Details) [Line Items]
Ownership percentage																			0%
AsiaGene [Member]
Related Parties Transactions (Details) [Line Items]
Ownership percentage								0%		0%		0%
YuanGene [Member]
Related Parties Transactions (Details) [Line Items]
Ownership percentage								0%		0%		0%
Jiangs [Member]
Related Parties Transactions (Details) [Line Items]
Ownership percentage								0%		0%		1%
Rgene [Member]
Related Parties Transactions (Details) [Line Items]
Non-current amount								$ 49,110		$ 49,110
Interest rate								1%		1%
BHK Co Development Agreement [Member]
Related Parties Transactions (Details) [Line Items]
Loan agreement, description							The development costs shall be shared 50/50 between BHK and the Company. Under the term of the agreement, BioLite issued relevant development cost to BHK.
LBG USA, Inc.[Member]
Related Parties Transactions (Details) [Line Items]
Outstanding advance								$ 675		$ 675		$ 0
BioLite Japan [Member]
Related Parties Transactions (Details) [Line Items]
Loan agreement, description	Based on the LOI, each party will advance an aggregated amount of $150,000 to meet BioLite Japan’s working capital needs, which the Company advanced an amount of $150,000 and the advance bear 0% interest rate.
Outstanding advance								150,000		150,000		150,000
Keypoint [Member]
Related Parties Transactions (Details) [Line Items]
Loan agreement, description					Under the terms of the loan agreement, the loan bears interest at 6.5% per annum and the loan will be matured on October 30, 2021.
Balance of outstanding loans										1,610		0
BioFirst [Member]
Related Parties Transactions (Details) [Line Items]
Loan agreement, description													The advances bear interest 1% per month (or equivalent to 12% per annum).
AsiaGene [Member]
Related Parties Transactions (Details) [Line Items]
Aggregate working capital										24,017		24,017
YuanGene [Member]
Related Parties Transactions (Details) [Line Items]
Aggregate working capital										9,205		9,205
Jiangs [Member]
Related Parties Transactions (Details) [Line Items]
Outstanding advance								$ 19,789		$ 19,789		$ 18,750

Related Parties Transactions _2

Related Parties Transactions (Details) - Schedule of related party transactions	9 Months Ended
	Sep. 30, 2022
BioFirst Corporation (the "BioFirst") [Member]
Related Party Transaction [Line Items]
Relationship with the Company and its subsidiaries, description	Entity controlled by controlling beneficiary shareholder of YuanGene
BioFirst (Australia) Pty Ltd. (the “BioFirst (Australia)”) [Member]
Related Party Transaction [Line Items]
Relationship with the Company and its subsidiaries, description	100% owned by BioFirst; Entity controlled by controlling beneficiary shareholder of YuanGene
Rgene Corporation (the “Rgene”) [Member]
Related Party Transaction [Line Items]
Relationship with the Company and its subsidiaries, description	Shareholder of the Company; Entity controlled by controlling beneficiary shareholder of YuanGene; the Chairman of Rgene is Mr. Tsung-Shann Jiang
YuanGene Corporation (the “YuanGene”) [Member]
Related Party Transaction [Line Items]
Relationship with the Company and its subsidiaries, description	Controlling beneficiary shareholder of the Company
AsiaGene Corporation (the “AsiaGene”) [Member]
Related Party Transaction [Line Items]
Relationship with the Company and its subsidiaries, description	Shareholder; entity controlled by controlling beneficiary shareholder of YuanGene
Eugene Jiang [Member]
Related Party Transaction [Line Items]
Relationship with the Company and its subsidiaries, description	Former President and Chairman
Keypoint Technology Ltd. (the “Keypoint’) [Member]
Related Party Transaction [Line Items]
Relationship with the Company and its subsidiaries, description	The Chairman of Keypoint is Eugene Jiang’s mother.
Lion Arts Promotion Inc. (the “Lion Arts”) [Member]
Related Party Transaction [Line Items]
Relationship with the Company and its subsidiaries, description	Shareholder of the Company
Yoshinobu Odaira (the “Odaira”) [Member]
Related Party Transaction [Line Items]
Relationship with the Company and its subsidiaries, description	Director of the Company
GenePharm Inc. (the “GenePharm”) [Member]
Related Party Transaction [Line Items]
Relationship with the Company and its subsidiaries, description	Dr. George Lee, Board Director of Biokey, is the Chairman of GenePharm.
Euro-Asia Investment & Finance Corp Ltd. (the “Euro-Asia”) [Member]
Related Party Transaction [Line Items]
Relationship with the Company and its subsidiaries, description	Shareholder of the Company
LBG USA, Inc. (the “LBG USA”) [Member]
Related Party Transaction [Line Items]
Relationship with the Company and its subsidiaries, description	100% owned by BioFirst; Entity controlled by controlling beneficiary shareholder of YuanGene
LionGene Corporation (the “LionGene”) [Member]
Related Party Transaction [Line Items]
Relationship with the Company and its subsidiaries, description	Shareholder of the Company; Entity controlled by controlling beneficiary shareholder of YuanGene
Kimho Consultants Co., Ltd. (the “Kimho”) [Member]
Related Party Transaction [Line Items]
Relationship with the Company and its subsidiaries, description	Shareholder of the Company
The Jiangs [Member]
Related Party Transaction [Line Items]
Relationship with the Company and its subsidiaries, description	Mr. Tsung-Shann Jiang, the controlling beneficiary shareholder of the Company; the Chairman of Rgene; the Chairman and CEO of the BioLite Holding Inc. and BioLite Inc. and the President and a member of board of directors of BioFirst   Ms. Shu-Ling Jiang, Mr. Tsung-Shann Jiang’s wife, is the Chairman of Keypoint; and a member of board of directors of BioLite Inc.   Mr. Eugene Jiang is Mr. and Ms. Jiang’s son. Mr. Eugene Jiang is the chairman, and majority shareholder of the Company and a member of board of directors of BioLite Inc.   Mr. Chang-Jen Jiang is Mr. Tsung-Shann Jiang’s sibling and the director of the Company.   Ms. Mei-Ling Jiang is Ms. Shu-Ling Jiang’s sibling.
Amkey Ventures, LLC (“Amkey”) [Member]
Related Party Transaction [Line Items]
Relationship with the Company and its subsidiaries, description	An entity controlled by Dr. George Lee, who serves as one of the board directors of BioKey, Inc
BioLite Japan [Member]
Related Party Transaction [Line Items]
Relationship with the Company and its subsidiaries, description	Entity controlled by controlling beneficiary shareholder of ABVC
ABVC BioPharma (HK), Limited [Member]
Related Party Transaction [Line Items]
Relationship with the Company and its subsidiaries, description	An entity 100% owned by Mr. Tsung-Shann Jiang

Related Parties Transactions _3

Related Parties Transactions (Details) - Schedule of accounts receivable due from related parties - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Related Parties Transactions (Details) - Schedule of accounts receivable due from related parties [Line Items]
Accounts receivable due from related parties		$ 145,399
GenePharm Inc. [Member]
Related Parties Transactions (Details) - Schedule of accounts receivable due from related parties [Line Items]
Accounts receivable due from related parties		142,225
Rgene [Member]
Related Parties Transactions (Details) - Schedule of accounts receivable due from related parties [Line Items]
Accounts receivable due from related parties		2,374
Amkey [Member]
Related Parties Transactions (Details) - Schedule of accounts receivable due from related parties [Line Items]
Accounts receivable due from related parties		$ 800

Related Parties Transactions _4

Related Parties Transactions (Details) - Schedule of due from related parties - current	Sep. 30, 2022 USD ($)
Related Parties Transactions (Details) - Schedule of due from related parties - current [Line Items]
Due from related parties - current	$ 500,000
Rgene [Member]
Related Parties Transactions (Details) - Schedule of due from related parties - current [Line Items]
Due from related parties - current	$ 500,000

Related Parties Transactions _5

Related Parties Transactions (Details) - Schedule of due from related parties - non current - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 1,190,255	$ 818,183
Rgene [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	1,480	49,110
BioFirst (Australia) [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	1,038,775	491,816
BioHopeKing Corporation [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		124,972
LBG USA [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		675
BioLite Japan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	150,000	150,000
Keypoint [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		$ 1,610

Related Parties Transactions _6

Related Parties Transactions (Details) - Schedule of amount due to related parties - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Related Parties Transactions (Details) - Schedule of amount due to related parties [Line Items]
Total	$ 451,826	$ 393,424
BioFirst Corporation [Member]
Related Parties Transactions (Details) - Schedule of amount due to related parties [Line Items]
Total	40,878	40,878
BioFirst (Australia) [Member]
Related Parties Transactions (Details) - Schedule of amount due to related parties [Line Items]
Total	211,147	132,443
AsiaGene [Member]
Related Parties Transactions (Details) - Schedule of amount due to related parties [Line Items]
Total	24,017	24,017
YuanGene [Member]
Related Parties Transactions (Details) - Schedule of amount due to related parties [Line Items]
Total	9,205	9,205
The Jiangs [Member]
Related Parties Transactions (Details) - Schedule of amount due to related parties [Line Items]
Total	19,789	18,750
Due to Shareholders [Member]
Related Parties Transactions (Details) - Schedule of amount due to related parties [Line Items]
Total	$ 146,790	$ 168,131

Income Taxes (Details) - Schedu

Income Taxes (Details) - Schedule of income tax expense - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Current:
Federal
State	800		1,600	800
Foreign
Total Current	800		1,600	800
Deferred:
Federal
State
Foreign	3,422	(75,667)	(166,696)	(187,055)
Total Deferred	3,422	(75,667)	(166,696)	(187,055)
Total provision for income taxes	$ 4,222	$ (75,667)	$ (165,096)	$ (186,255)

Income Taxes (Details) - Sche_2

Income Taxes (Details) - Schedule of deferred tax assets (liability) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Schedule Of Deferred Tax Assets Liability Abstract
Loss on impairment of Assets	$ 648,716	$ 741,390
Net operating loss carryforwards in the Taiwan	402,245	283,725
Tax credit of investment	610,914	698,187
Gross	1,661,875	1,723,302
Valuation allowance	(648,716)	(741,390)
Net	$ 1,013,159	$ 981,912

Equity (Details)

Equity (Details)

1 Months Ended

3 Months Ended

6 Months Ended

9 Months Ended

12 Months Ended

Jul. 10, 2022 shares

Jul. 01, 2022 shares

Jul. 08, 2020

May 03, 2019

Feb. 08, 2019 shares

Oct. 01, 2016

May 06, 2016

Feb. 08, 2016 shares

May 31, 2022 $ / shares shares

Mar. 31, 2022 USD ($) $ / shares shares

Nov. 30, 2021 USD ($) $ / shares shares

Aug. 31, 2021 USD ($) shares

Jul. 31, 2021 USD ($) shares

Nov. 21, 2020 USD ($) shares

Nov. 19, 2020 $ / shares shares

Aug. 31, 2019 USD ($) $ / shares

Jun. 30, 2019 USD ($) shares

Feb. 28, 2017

Aug. 26, 2016

Feb. 17, 2016 shares

Sep. 30, 2022 USD ($) $ / shares shares

Jun. 30, 2022 USD ($)

Sep. 30, 2021 USD ($)

Jun. 30, 2022 USD ($)

Sep. 30, 2022 USD ($) $ / shares shares

Sep. 30, 2021 USD ($)

Dec. 31, 2020 USD ($) $ / shares shares

Dec. 31, 2021 USD ($) $ / shares shares

Aug. 05, 2021

Jun. 29, 2021 $ / shares shares

May 17, 2021 $ / shares

Mar. 12, 2020 $ / shares shares

Dec. 31, 2019 shares

Sep. 25, 2017 USD ($)

Mar. 21, 2016 $ / shares shares

Equity (Details) [Line Items]

Common stock, par value (in Dollars per share) | $ / shares

$ 0.001

$ 0.001

$ 0.001

$ 0.001

Ordinary shares authorized

360,000,000

Agreement, description

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.

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).

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.

Issuance of common shares, shares

1,111,112

Financial amendment, description

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.

Common stock, shares issued

32,632,329

32,632,329

28,926,322

50,000

644,972

Consulting fees (in Dollars) | $

$ 4,514,800

Stock subscription receivable (in Dollars) | $

$ 1,580,180

$ 1,580,180

$ 2,257,400

Due to related parties consideration (in Dollars) | $

$ 4,872,340

Common stock price per share (in Dollars per share) | $ / shares

$ 7

$ 2.25

Common stock, authorized

100,000,000

100,000,000

100,000,000

Consulting and advisory services value per share (in Dollars per share) | $ / shares

$ 2.26

$ 5

Warrant issued

200,000

Exercise price (in Dollars per share) | $ / shares

$ 2.25

Warrant term

5 years

Issuance of common stock

3,384,615

Aggregate common stock shares

673,605

915,856

Convertible promissory note value (in Dollars) | $

$ 2,500,000

Description of public offering

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.

Issuance of common stock for debt (in Dollars) | $

$ 3,917,425

$ 6,875,000

Gross proceeds from exercise of warrants (in Dollars) | $

$ 4,244,452

Consulting agreement desciption

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.

Common shares, issued

75,000

Consulting and advisory services amount (in Dollars) | $

$ 169,500

556,075

Shares issued

2,000,000

Common stock issued of gross proceeds (in Dollars) | $

$ 253,500

$ 3,663,925

$ 6,024,571

$ 4,220,000

Warrants term

5 years

Shares of common stock

2,000,000

Exercisable price per share (in Dollars per share) | $ / shares

$ 2.45

$ 2.45

2016 Equity Incentive Plan [Member]

Equity (Details) [Line Items]

Common stock issued post-stock split

157,050

Common stock issued pre-stock split

50,000

Share Exchange Agreement Two [Member]

Equity (Details) [Line Items]

Ownership percentage

79.70%

Private Placement [Member]

Equity (Details) [Line Items]

Aggregated capital contributions (in Dollars) | $

$ 7,615,331

Number of investors

45

Purchase price per share (in Dollars per share) | $ / shares

$ 2.25

IPO [Member]

Equity (Details) [Line Items]

Common stock issued to professional investors

2,354,145

Issuance of common stock for debt (in Dollars) | $

$ 6,875,000

Legal fees (in Dollars) | $

$ 850,429

Series A Warrants [Member]

Equity (Details) [Line Items]

Warrants exercised

673,405

Warrants exercise price (in Dollars per share) | $ / shares

$ 6.3

Series B Warrants [Member]

Equity (Details) [Line Items]

Warrants exercised

200

Warrants exercise price (in Dollars per share) | $ / shares

$ 10

Common Stock [Member]

Equity (Details) [Line Items]

Offering per share (in Dollars per share) | $ / shares

$ 2.11

Kameyama [Member]

Equity (Details) [Line Items]

Issuance of common shares, shares

24,694

Unpaid consulting fees (in Dollars) | $

$ 49,388

Articles of Incorporation [Member]

Equity (Details) [Line Items]

Common stock, par value (in Dollars per share) | $ / shares

$ 0.001

Articles of Incorporation [Member] | Minimum [Member]

Equity (Details) [Line Items]

Common stock, authorized

20,000,000

Articles of Incorporation [Member] | Maximum [Member]

Equity (Details) [Line Items]

Common stock, authorized

100,000,000

View Trade Securities Inc. [Member]

Equity (Details) [Line Items]

Common stock, shares issued

60,000

Consulting fees (in Dollars) | $

$ 135,000

Placement agent agreement, description

Pursuant to the agreement, the Company agreed to pay View Trade 60,000 restricted common shares of the Company and 60,000 warrants to purchase common shares of the Company at an exercise price of $6 per share for a period of 5 years with cashless exercise provision.

Restricted common shares

6,000

WallachBeth Capital LLC [Member]

Equity (Details) [Line Items]

Shares issued

6,000

Consulting Agreement [Member]

Equity (Details) [Line Items]

Common stock price per share (in Dollars per share) | $ / shares

$ 2.9

Unrestricted common shares

50,000

Non Related Parties [Member]

Equity (Details) [Line Items]

Debt conversion, description

a.Keypoint converted the aggregated amount of $292,826 at the conversion price of $1.84 on April 5, 2020, in exchange for 159,145 shares of the Company’s common stock, and warrants to purchase 159,145 shares of the Company’s common stock.   b. Odaira converted the aggregated amount of $284,036 at the conversion price of $1.84 on April 5, 2020, in exchange for 154,368 shares of the Company’s common stock, and warrants to purchase 154,368 shares of the Company’s common stock.     c. C.L.L. converted the aggregated amount of $289,974 at the conversion price of $1.78 on April 20, 2020, in exchange for 162,908 shares of the Company’s common stock, and warrants to purchase 162,908 shares of the Company’s common stock.     d. KLS converted the aggregated amount of $225,222 at the conversion price of $1.78 on April 20, 2020, in exchange for 126,530 shares of the Company’s common stock, and warrants to purchase 126,530 shares of the Company’s common stock.     e. Yu and Wei converted the aggregated amount of $354,722 at the conversion price of $1.84 on April 5, 2020, in exchange for 192,784 shares of the Company’s common stock, and warrants to purchase 192,784 shares of the Company’s common stock.     f. KSL converted the aggregated amount of $270,272 at the conversion price of $2.25 on November 9, 2020, in exchange for 120,121 shares of the Company’s common stock, and warrants to purchase 120,121 shares of the Company’s common stock.

Barlew Holdings, LLC [Member]

Equity (Details) [Line Items]

Shares of common stock

75,000

Inverlew Advisors, LLC [Member]

Equity (Details) [Line Items]

Shares of common stock

250,000

BioLite [Member]

Equity (Details) [Line Items]

Issuance of common shares, shares

74,997,546

BioKey [Member]

Equity (Details) [Line Items]

Common stock issued post-stock split

1,642,291

Issuance of common shares, shares

29,561,231

Share Exchange Agreement [Member]

Equity (Details) [Line Items]

Common stock issued post-stock split

164,387,376

Common stock issued pre-stock split

52,336,000

Share Exchange Agreement One [Member]

Equity (Details) [Line Items]

Common stock issued post-stock split

166,273,921

Common stock issued pre-stock split

52,936,583

Share Exchange Agreement Two [Member]

Equity (Details) [Line Items]

Common stock issued post-stock split

163,159,952

Common stock issued pre-stock split

51,945,225

Percentage of issued share capital

100%

Share Exchange Agreement Three [Member]

Equity (Details) [Line Items]

Common stock issued post-stock split

166,273,921

Common stock issued pre-stock split

52,936,583

Share Exchange Agreement Four [Member]

Equity (Details) [Line Items]

Common stock issued post-stock split

205,519,223

Common stock issued pre-stock split

65,431,144

Collaborative Arrangement [Member]

Equity (Details) [Line Items]

Issuance of common shares, shares

428,571

Consulting agreement, description

On October 1, 2016, the Company entered into a consulting agreement with Kazunori Kameyama (“Kameyama”) for the provision of services related to the clinical trials and other administrative work, public relation work, capital raising, trip coordination, In consideration for providing such services, the Company agreed to indemnify the consultant in an amount of $150 per hour in cash up to $3,000 per month, and issue to Kameyama the Company’s Common Stock at $1.00 per share for any amount exceeding $3,000.

Issuance of common shares (in Dollars) | $

$ 3,000,000

Co-Dev Agreement [Member]

Equity (Details) [Line Items]

Due to related parties (in Dollars) | $

$ 3,000,000

Consulting Agreement [Member]

Equity (Details) [Line Items]

Shares issued

521,887

Consulting Agreement [Member] | Minimum [Member]

Equity (Details) [Line Items]

Price per share (in Dollars per share) | $ / shares

$ 2

Consulting Agreement [Member] | Maximum [Member]

Equity (Details) [Line Items]

Price per share

3.68

Equity (Details) - Schedule of

Equity (Details) - Schedule of convert the amount of debt	1 Months Ended
	Aug. 31, 2019 USD ($) shares
Debt Conversion [Line Items]
Amount of Debt Converted | $	$ 4,872,340
Number of Shares Issued | shares	696,051
Lion Arts Promotion Inc [Member]
Debt Conversion [Line Items]
Amount of Debt Converted | $	$ 97,864
Number of Shares Issued | shares	13,981
LionGene Corporation [Member]
Debt Conversion [Line Items]
Amount of Debt Converted | $	$ 428,099
Number of Shares Issued | shares	61,157
BioFirst Corporation [Member]
Debt Conversion [Line Items]
Amount of Debt Converted | $	$ 2,902,911
Number of Shares Issued | shares	414,702
AsiaGene Corporation [Member]
Debt Conversion [Line Items]
Amount of Debt Converted | $	$ 160,000
Number of Shares Issued | shares	22,858
YuanGene Corporation [Member]
Debt Conversion [Line Items]
Amount of Debt Converted | $	$ 92,690
Number of Shares Issued | shares	13,242
The Jiangs [Member]
Debt Conversion [Line Items]
Amount of Debt Converted | $	$ 1,190,776
Number of Shares Issued | shares	170,111

Stock Options (Details)

Stock Options (Details) - USD ($)			1 Months Ended		3 Months Ended		9 Months Ended		12 Months Ended
	Apr. 16, 2022	Oct. 15, 2021	Nov. 21, 2020	Oct. 30, 2020	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Stock Options (Details) [Line Items]
Stock options aggregate				545,182
Conversion price (in Dollars per share)				$ 2
Consulting fees (in Dollars)				$ 1,090,361
Company granted stock option	761,920	1,280,002	545,182
Options vested grant date exercisable	10 years	10 years	10 years
Exercise price per share (in Dollars per share)	$ 3	$ 3
Weighted average grant date fair value (in Dollars per share)									$ 2.09
Stock-based compensation expense					$0	$0	$0	$0
2016 Equity Incentive Plan [Member]
Stock Options (Details) [Line Items]
Options available for grant									2,979,264

Stock Options (Details) - Sched

Stock Options (Details) - Schedule of options issued and outstanding - Stock Options [Member]	12 Months Ended
	Dec. 31, 2021 USD ($) $ / shares shares
Stock Options (Details) - Schedule of options issued and outstanding [Line Items]
Number of Underlying Shares, Outstanding | shares	545,182
Weighted-Average Exercise Price Per Share, Outstanding | $ / shares	$ 2
Aggregate Intrinsic Value, Outstanding | $
Number of Underlying Shares, Exercisable | shares	1,825,184
Weighted-Average Exercise Price Per Share, Exercisable | $ / shares	$ 2.7
Weighted-Average Contractual Life Remaining in Years, Exercisable	9 years 6 months 3 days
Aggregate Intrinsic Value, Exercisable | $	$ 616,056
Number of Underlying Shares, Vested and expected to vest | shares	1,825,184
Weighted-Average Exercise Price Per Share, Vested and expected to vest | $ / shares	$ 2.7
Weighted-Average Contractual Life Remaining in Years, Vested and expected to vest	9 years 6 months 3 days
Aggregate Intrinsic Value, Vested and expected to vest | $	$ 616,056
Number of Underlying Shares, Granted | shares	1,280,002
Weighted-Average Exercise Price Per Share, Granted | $ / shares	$ 3
Number of Underlying Shares, Forfeited | shares
Weighted-Average Exercise Price Per Share, Forfeited | $ / shares
Number of Underlying Shares, Outstanding | shares	1,825,184
Weighted-Average Exercise Price Per Share, Outstanding | $ / shares	$ 2.7
Weighted- Average Contractual Life Remaining in Years, Outstanding	9 years 6 months 3 days
Aggregate Intrinsic Value, Outstanding | $	$ 616,056

Stock Options (Details) - Sch_2

Stock Options (Details) - Schedule of fair value of stock options granted	12 Months Ended
	Dec. 31, 2021
Schedule Of Fair Value Of Stock Options Granted Abstract
Risk free interest rate	113%
Expected term (in years)	5 years
Dividend yield	0%
Expected volatility	108.51%

Loss per share (Details) - Sche

Loss per share (Details) - Schedule of loss per share - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Numerator:
Net loss attributable to ABVC’s common stockholders (in Dollars)	$ (3,704,864)	$ (1,806,488)	$ (11,559,301)	$ (4,906,559)
Weighted-average shares outstanding:
Weighted-average shares outstanding - Basic	$ 32,574,551	$ 26,882,181	$ 31,193,397	$ 25,053,522
Stock options (in Dollars)
Weighted-average shares outstanding - Diluted	$ 32,574,551	$ 26,882,181	$ 31,193,397	$ 25,053,522
Loss per share
-Basic	(0.11)	(0.07)	(0.37)	(0.2)
-Diluted	$ (0.11)	$ (0.07)	$ (0.37)	$ (0.2)

Lease (Details) - Schedule of o

Lease (Details) - Schedule of operating lease arrangements - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
ASSETS
Operating lease right-of-use assets	$ 1,243,930	$ 1,471,899
LIABILITIES
Operating lease liabilities (current)	363,752	347,100
Operating lease liabilities (noncurrent)	$ 880,178	$ 1,124,799

Lease (Details) - Schedule of l

Lease (Details) - Schedule of lease expenses - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Schedule Of Supplemental Information Related To Operating Leases [Abstract]
Operating lease expenses	$ 87,367	$ 86,280	$ 261,494	$ 165,127
Cash paid for amounts included in the measurement of operating lease liabilities			$ 261,494	$ 165,127
Lease Term of operating leases	2 years 9 months 14 days		2 years 9 months 14 days		2 years 10 months 24 days
Discount Rate of operating leases	1.52%		1.52%		1.39%

Lease (Details) - Schedule of m

Lease (Details) - Schedule of minimum future annual payments under non-cancellable leases	Sep. 30, 2022 USD ($)
Schedule Of Minimum Future Annual Payments Under Non Cancellable Leases [Abstract]
2022 (excluding nine months ended September 30, 2022)	$ 91,387
2023	371,055
2024	386,244
2025	348,525
Thereafter	56,915
Total future minimum lease payments, undiscounted	1,254,126
Less: Imputed interest	10,196
Present value of future minimum lease payments	$ 1,243,930

Business Combination (Details)

Business Combination (Details) - USD ($)	Feb. 08, 2019	May 09, 2018
Business Combination (Details) [Line Items]
Common stock per share (in Dollars per share)		$ 2
Percentage of goodwill	100%
Goodwill write-down value (in Dollars)	$ 43,647,626
BioKey [Member]
Business Combination (Details) [Line Items]
Common stock issued	29,561,231
Reverse stock split	1,642,291
BioKey [Member] | Business Combination [Member]
Business Combination (Details) [Line Items]
Common stock per share (in Dollars per share)	$ 1.5

Business Combination (Details)

Business Combination (Details) - Schedule of assets acquired and liabilities assumed based on fair value	Feb. 08, 2019 USD ($)
Purchase consideration:
Common Stock	$ 44,341,847	[1]
Allocation of the purchase price:
Cash and cash equivalents	531,147
Accounts receivable, net	188,550
Property and equipment, net	56,075
Operating lease right-of-use assets	485,684
Security deposits	10,440
Total assets acquired	1,271,896
Accounts payable	(56,204)
Accrued expenses and other current liabilities	(251,335)
Operating lease liability	(267,256)
Tenant security deposit	(2,880)
Total liabilities assumed	(577,675)
Total net assets acquired	694,221
Goodwill as a result of the Merger	$ 43,647,626
[1]29,561,231 shares (1,642,291 after stock reverse split) of common stock of the Company was issued to BioKey in connection with the Merger. Those shares were valued at $1.50 per share, based on the bid-and-ask share price of common stock of the Company on the final day of trading, February 8, 2019.