Vivic (VIVC) 10-Q/A 11 Aug 22 2021 Q1 Quarterly report (amended) Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2021	Apr. 05, 2021
Cover [Abstract]
Document Type	10-Q/A
Amendment Flag	true
Amendment Description	This Amendment No. 1 on Form 10-Q/A for the quarter ended March 31, 2021, amends the Form 10-Q that was originally filed with the U.S. Securities Exchange Commission on May 14, 2021 (the “Original Filing”).On January 3, 2021, ViVic Corp. (the “Company”) entered into a Joint Venture and Cooperation Agreement to invest in Shenzhen Ocean Way Yachts Services Co., Ltd (“Ocean Way”). In the Previous Filings, the Company’s investment in Ocean Way was treated as an acquisition and the financial statements of Ocean Way were consolidated into the financial statements of the Company. During the year ended December 31, 2021, the Company has invested a total amount of $122,665 (RMB 780,000), or approximately 43.8% of total ownership. On May 28, 2022, the Company’s management and the board of directors (the “Board”) after consultation with YCM CPA, Inc., the Company’s independent registered public accounting firm, concluded the investment in Ocean Way should be considered as a long-term investment. Therefore, the consolidation of Ocean Way’s financial statements was erroneous.Therefore, on May 28, 2022, the Board of the Company concluded that due to de-consolidation of the Company’s subsidiary, the Company’s previously issued unaudited interim financial statements included in the quarterly report on Form 10-Q for the fiscal quarter ended September 30, 2021, filed on November 15, 2021, unaudited interim financial statements included in the quarterly report on Form 10-Q for the fiscal quarter ended June 30, 2021, filed on August 12, 2021, and unaudited interim financial statements included in the quarterly report on Form 10-Q for the fiscal quarter ended March 31, 2021, filed on May 14, 2021 (each a “Previous Filing” and collectively “Previous Filings”), should no longer be relied upon. In preparation of this Amendment No. 1 to Quarterly Report on Form 10-Q/A, the Company concluded it inadvertently used incorrect stock prices in loan settlement contracts instead of fair market prices. The impact of the incorrect assumption was an understatement of loss on loan settlement and an understatement of Additional paid-in capital.As such, the Company is filing this Amendment No. 1 to amend and restate the Original Filing with modification as necessary to reflect the restatements. The following items have been amended to reflect the restatements:Part I, Item 1, Financial StatementsPart I, Item 2, Management’s Discussion and Analysis of Financial Condition and Results of OperationsThis Amendment No. 1 reflects events occurring after the filing of the Original Filing, and, except as described above, does not modify or update any other disclosures in the Previous Filing.
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2021
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--12-31
Entity File Number	333-219148
Entity Registrant Name	VIVIC CORP.
Entity Central Index Key	0001703073
Entity Tax Identification Number	98-1353606
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	187 E Warm Springs Rd., PMB#B450
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89119
City Area Code	702
Local Phone Number	899-0818
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		25,401,942

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 586,820	$ 504,179	$ 325,240	$ 562,503
Deposits and prepayments	283,796	77,213
Other current assets	101,295	54,018
Total current assets	971,911	635,410
Non-current assets:
Long-term investment	43,305
Property, plant and equipment, net	235,248	246,275
TOTAL ASSETS	1,250,464	881,685
Current liabilities:
Accounts payable	12,423	12,473
Accrued liabilities and other payables	56,028	70,377
Due to related parties	526,943	523,465
Loan from third party	152,588
Deferred revenue	6,104
Operating lease liabilities-current	6,117	5,924
Income tax payable	29,675	29,675
Total current liabilities	789,878	641,914
Non-current liabilities:
Operating lease liabilities-noncurrent	2,540	4,261
Promissory note	87,500	87,500
Total liabilities	879,918	733,675
Shareholders’ equity
Preferred stock, $0.001 par value; 5,000,000 shares authorized; 832,000 shares issued and outstanding as of March 31, 2021 and December 31, 2020	832	832
Common stock, $0.001 par value; 70,000,000 shares authorized; 24,939,054 and 24,470,166 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively.	24,939	24,470
Additional paid-in capital	2,466,017	1,341,155
Accumulated other comprehensive income (loss)	(7,728)	(2,240)
Accumulated deficit	(2,186,666)	(1,300,505)
Total Vivic Corp. shareholders’ equity	297,394	63,712
Non-controlling interest	73,152	84,298
Total shareholders’ equity	370,546	148,010	$ (246,502)	$ (171,861)
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 1,250,464	$ 881,685

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Preferred Stock, par Value	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	5,000,000	5,000,000
Preferred Stock, Shares Issued	832,000	832,000
Preferred Stock, Shares Outstanding	832,000	832,000
Common Stock, par Value	$ 0.001	$ 0.001
Common Stock, Shares Authorized	70,000,000	70,000,000
Common Stock, Shares, Issued	24,939,054	24,470,166
Common Stock, Shares, Outstanding	24,939,054	24,470,166

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Statement [Abstract]
REVENUE	$ 3,011	$ 111,877
Cost of revenue		(5,158)
Gross profit	3,011	106,719
Operating expenses:
General and administrative expenses	(226,440)	(176,347)
Total operating expenses	(226,440)	(176,347)
Loss from operations	(223,429)	(69,628)
Other expense:
Investment loss	(11,755)
Interest income	46	17
Interest expense	(1,037)	(390)
Loss on loan settlement	(661,132)
Total other expense	(673,878)	(373)
Loss before income taxes	(897,307)	(70,001)
Income taxes		(9,329)
NET LOSS	(897,307)	(79,330)
Net loss attributable to non-controlling interest	(11,146)	(6,465)
Net loss attributable to Vivic Corp.	(886,161)	(72,865)
Other comprehensive loss:
Foreign currency translation loss	(5,488)	4,689
COMRPEHENSIVE LOSS	$ (891,649)	$ (68,176)
Net loss per share – Basic and Diluted	$ (0.06)	$ 0
Weighted average common shares outstanding – Basic and Diluted	24,605,623	32,363,200

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' (DEFICIT) EQUITY (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]	Total
Beginning balance, value at Dec. 31, 2019	$ 832	$ 32,363	$ 24,946	$ (1,319)	$ (344,788)	$ 116,105	$ (171,861)
Beginning Balance, Shares at Dec. 31, 2019	832,000	32,363,200
Foreign currency translation adjustment				4,689			4,689
Net loss					(72,865)	(6,465)	(79,330)
Ending balance, value at Mar. 31, 2020	$ 832	$ 32,363	24,946	3,370	(417,653)	109,640	(246,502)
Ending Balance, Shares at Mar. 31, 2020	832,000	32,363,200
Beginning balance, value at Dec. 31, 2020	$ 832	$ 24,470	1,341,155	(2,240)	(1,300,505)	84,298	148,010
Beginning Balance, Shares at Dec. 31, 2020	832,000	24,470,166
Foreign currency translation adjustment				(5,488)			(5,488)
Net loss					(886,161)	(11,146)	(897,307)
Shares issued for loan settlement		$ 469	1,124,862				1,125,331
Shares issued for loan settlement, Shares		468,888
Ending balance, value at Mar. 31, 2021	$ 832	$ 24,939	$ 2,466,017	$ (7,728)	$ (2,186,666)	$ 73,152	$ 370,546
Ending Balance, Shares at Mar. 31, 2021	832,000	24,939,054

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash flows from operating activities:
Net loss	$ (897,307)	$ (79,330)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation of property, plant and equipment	10,136	9,294
Interest expense	774
Investment gain (loss)	11,755
Loss on loan settlement	661,132
Change in operating assets and liabilities:
Accounts receivable		(4,000)
Deposits and prepayments	(206,583)	(123,621)
Other receivable	(47,277)	(11,802)
Deferred revenue	6,104	(10,504)
Accounts payable	(50)	8,711
Accrued liabilities and other payables	(15,123)	(13,428)
Income tax payable		298
Lease liabilities	(1,488)	(1,235)
Net cash used in operating activities	(477,927)	(225,617)
Cash flows from investing activities:
Investment in a subsidiary	(55,060)
Net cash used in investing activities	(55,060)
Cash flows from financing activities:
Proceeds from related parties	3,478
Repayment to related parties		(20,468)
Proceeds from loans	464,199
Proceeds from third party loan	152,588
Net cash provided by (used in) financing activities	620,265	(20,468)
Effect on exchange rate change on cash and cash equivalents	(4,637)	8,822
NET CHANGE IN CASH AND CASH EQUIVALENTS	82,641	(237,263)
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD	504,179	562,503
CASH AND CASH EQUIVALENTS - END OF PERIOD	586,820	325,240
Supplemental Cash Flows Information:
Cash paid for interest	263	390
Cash paid for income tax		9,031
Supplemental Disclosure of Non-Cash Flows Information:
Common stock issued for loan settlement	$ 1,125,331

ORGANIZATION AND BUSINESS BACKG

ORGANIZATION AND BUSINESS BACKGROUND	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
ORGANIZATION AND BUSINESS BACKGROUND	NOTE－ 1 ORGANIZATION AND BUSINESS BACKGROUND VIVIC CORP. (the "Company" or “VIVC”) is a corporation established under the corporation laws in the State of Nevada on February 16, 2017. Starting December 27, 2018, associated with the change of management, we expanded our business operations to include new types of marine tourism. In addition, the Company started making efforts to enter into the businesses of constructing marinas and constructing yachts in the mainland China under the brand of Monte Fino. Monte Fino is a famous yacht brand owned by Taiwan Kha Shing Yacht Company, one of the leading yacht manufacturers in the world. It has also developed and operates “Joy Wave”(享浪)，an online yacht rental and leisure service business in Guangzhou, China. In the mainland China and Taiwan, primarily through the Internet, we provide third-party yacht and marine tourism services. This marine tourism involves high quality coastal tourism attractions in Taiwan and China including Hainan, Guangdong, Xiamen, and Quanzhou. In the field of marine tourism, the number of yachts that can be rented has been increased through a yacht-sharing program system, which can provide services for more customers. The Company also started to develop energy-saving yacht engines. Because it has advanced technology, it can achieve up to 50% energy efficiency. This energy-saving and innovative technology may be applied to new energy-saving engines for yachts. This innovative technology may bring favorable changes to the yachting industry and promote a low-carbon tourism for global environmental protection. On January 3, 2021, the Company entered into a Joint Venture and Cooperation Agreement to invest in Shenzhen Ocean Way Yachts Services Co., Ltd and its subsidiaries. During the three months ended March 31, 2021, the Company has invested a total amount of $55,060 (RMB 360,000), which is approximately equal to 26.5% ownership. Description of subsidiaries Name Place of incorporation Principal activities Particulars of issued/ Effective interest Vivic Corporation (Hong Kong) Co., Limited Hong Kong Investment holding and tourism consultancy service 52,000,000 ordinary shares for HK$2,159,440 75% Khashing Yachts Industry (Guangdong) Limited (formerly Guangzhou Monte Fino Yacht Company Limited) The People’s Republic of China Tourism consultancy service and provision of yacht service Registered: RMB10,000,000 100% Guangzhou Hysoul Yacht Company Limited The People’s Republic of China Provision of yacht service Registered: RMB10,000,000 100% Zhejiang Jiaxu Yacht Company Limited The People’s Republic of China Provision of yacht service Registered: 70% Guangzhou Khashing Yacht Company Limited The People’s Republic of China Provision of yacht service Registered: RMB10,000,000 90% VIVC and its subsidiaries are hereinafter referred to as (the “Company”).

RESTATEMENT EFFECTS ON ISSUED F

RESTATEMENT EFFECTS ON ISSUED FINANCIAL STATEMENTS	3 Months Ended
	Mar. 31, 2021
Accounting Changes and Error Corrections [Abstract]
RESTATEMENT EFFECTS ON ISSUED FINANCIAL STATEMENTS	NOTE－2 RESTATEMENT EFFECTS ON ISSUED FINANCIAL STATEMENTS The restatement primarily is caused by two issues. First, in the quarterly reports filed in 2021, the Company inadvertently used incorrect stock prices in loan settlement contracts instead of fair market prices. The impact of the incorrect assumption was an understatement of loss on loan settlement and an understatement of Additional paid-in capital by approximately $661,132 during the three months ended March 31, 2021. Second, In the quarterly reports filed in 2021, the Company entered in a share exchange agreement to invest in 60% share of Ocean Way, a local company by issuing its common stocks to the owner of the Company. However, both the Company and the owner agreed to terminate the share exchange transaction later on. Furthermore, although later the Company invested cash in Ocean Way instead, the owner still has the right to assign the majority of members in the Board of Ocean Way. The Company incorrectly recognized Common Shares and recorded Ocean Way as a subsidiary. The impact of the incorrect assumption was an understatement of a series of accounts including Common stock, Additional paid-in capital and Accumulated deficit during the three months ended March 31, 2021. The following table illustrates the impact of the restated unaudited consolidated balance sheet, the unaudited statement of operations and unaudited statement of cash flows for the period ended March 31, 2021. Schedule of Restated Unaudited Consolidated Financial Statements As Previously Adjustment As Restated Consolidated Balance Sheet at March 31, 2021: Cash and cash equivalents A $ 592,352 $ (5,532 ) $ 586,820 Accounts receivables A 6,000 (6,000 ) - Deposits and prepayments A 393,531 (109,735 ) 283,796 Other current assets 75,364 25,931 101,295 Total current assets 1,067,247 (95,336 ) 971,911 Long-term investment A - 43,305 43,305 Property, plant and equipment, net A 235,560 (312 ) 235,248 TOTAL ASSETS 1,302,807 (52,343 ) 1,250,464 Accounts payable A $ 40,891 $ (28,468 ) $ 12,423 Accrued liabilities and other payables A 764,986 (708,958 ) 56,028 Due to related parties 526,943 - 526,943 Loan from third party 152,588 - 152,588 Deferred revenue A 15,538 (9,434 ) 6,104 Operating lease liabilities - current 6,117 - 6,117 Income tax payable 29,675 - 29,675 Total current liabilities 1,536,738 (746,860 ) 789,878 Operating lease liabilities – noncurrent 2,540 - 2,540 Promissory note 87,500 - 87,500 Total liabilities 1,626,778 (746,860 ) 879,918 Preferred stock 832 - 832 Common stock 24,939 - 24,939 Common stock to be issued A 720,000 (720,000 ) - Additional paid-in capital B 1,804,885 661,132 2,466,017 Accumulated other comprehensive income (loss) A 14,930 (22,658 ) (7,728 ) Accumulated deficit A,B (2,666,434 ) 479,768 (2,186,666 ) Total Vivic Corp. shareholders’ equity (100,848 ) 398,242 297,394 Non-controlling interest A (223,123 ) 296,275 73,152 Total shareholders’ equity (323,971 ) 694,517 370,546 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 1,302,807 (52,343 ) 1,250,464 Consolidated Statements of Operations for three months REVENUE A $ 19,194 $ (16,183 ) $ 3,011 Cost of revenue A (8,012 ) 8,012 - Gross Profit 11,182 (8,171 ) 3,011 General and administrative expenses A (279,856 ) 53,416 (226,440 ) Total operating expenses (279,856 ) 53,416 (226,440 ) Impairment of goodwill A (1,126,324 ) 1,126,324 - Investment loss A - (11,755 ) (11,755 ) Interest income A 51 (5 ) 46 Interest expense (1,037 ) - (1,037 ) Other income A 40 (40 ) - Loss on loan settlement B - (661,132 ) (661,132 ) Total other expenses (1,127,270 ) 453,392 (673,878 ) NET LOSS (1,395,944 ) 498,637 (897,307 ) Consolidated Statement of Cash Flows for three months Net loss A,B $ (1,395,944 ) $ 498,637 $ (897,307 ) Investment gain(loss) A - 11,755 11,755 Depreciation of property, plant and equipment 10,136 - 10,136 Interest expense 774 - 774 Impairment of goodwill A 1,126,324 (1,126,324 ) - Loss on loan settlement B - 661,132 661,132 Change in operating assets and liabilities: Accounts receivable A (6,000 ) 6,000 - Deposits and prepayments A (232,096 ) 25,513 (206,583 ) Other receivable A (51,459 ) 4,182 (47,277 ) Deferred revenue A 15,538 (9,434 ) 6,104 Accounts payable A 25,314 (25,364 ) (50 ) Accrued liabilities and other payables A (19,551 ) 4,428 (15,123 ) Lease liabilities A - (1,488 ) (1,488 ) Net cash used in operating activities (526,964 ) 49,037 (477,927 ) Cash flows from investing activities Investment in a subsidiary A - (55,060 ) (55,060 ) Cash from acquisition of a subsidiary A 5,203 (5,203 ) - Net cash used in investing activities 5,203 (60,263 ) (55,060 ) Cash flows from financing activities Proceeds from related parties 3,478 - 3,478 Proceeds from loans 464,199 - 464,199 Proceeds from third party loan 152,588 - 152,588 Repayment of lease liability A (1,488 ) 1,488 - Net cash provided by financing activities 618,777 1,488 620,265 Effect on exchange rate change on cash and cash equivalents (8,843 ) 4,206 (4,637 ) CASH AND CASH EQUIVALENTS - END OF PERIOD 592,352 (5,532 ) 586,820 (A) Adjusted due to incorrect recording of Ocean Way as a subsidiary. (B) Adjusted due to incorrect use of stock prices in loan settlement contracts.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE－ 3 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying unaudited condensed consolidated financial statements reflect the application of certain significant accounting policies as described in this note and elsewhere in the accompanying unaudited condensed consolidated financial statements and notes. l Basis of presentation These accompanying condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Annual Report on Form 10-K filed by the Company with the SEC on March 29, 2021. l Use of estimates In preparing these unaudited condensed consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheet and revenues and expenses during the periods reported. Actual results may differ from these estimates. l Basis of consolidation The unaudited condensed consolidated financial statements include the financial statements of VIVC and its subsidiaries. All significant inter-company balances and transactions within the Company have been eliminated upon consolidation. l Cash and cash equivalents Cash and cash equivalents consist primarily of cash in readily available checking and saving accounts. Cash equivalents consist of highly liquid investments that are readily convertible to cash and that mature within three months or less from the date of purchase. The carrying amounts approximate fair value due to the short maturities of these instruments. As of March 31, 2021 and December 31, 2020, the Company had $ 305,176 0 l Accounts receivable Accounts receivable are recorded at the invoiced amount and do not bear interest, which are due within contractual payment terms, generally 30 to 90 days from completion of service. Credit is extended based on evaluation of a customer's financial condition, the customer credit-worthiness and their payment history. Accounts receivable outstanding longer than the contractual payment terms are considered past due. Past due balances over 90 days and over a specified amount are reviewed individually for collectability. At the end of fiscal year, the Company specifically evaluates individual customer’s financial condition, credit history, and the current economic conditions to monitor the progress of the collection of accounts receivables. The Company will consider the allowance for doubtful accounts for any estimated losses resulting from the inability of its customers to make required payments. For the receivables that are past due or not being paid according to payment terms, the appropriate actions are taken to exhaust all means of collection, including seeking legal resolution in a court of law. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. The Company does not have any off-balance-sheet credit exposure related to its customers. As of March 31, 2021 and December 31, 2020, there was no allowance for doubtful accounts. l Property, plant and equipment Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational and after taking into account their estimated residual values: Schedule of Useful live of Assets Expected useful life Service yacht 10 years Motor vehicle 5 years Office equipment 5 years Expenditure for repairs and maintenance is expensed as incurred. When assets have retired or sold, the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in the results of operations. l Intangible assets, net Intangible assets are stated at cost less accumulated amortization. Intangible assets represented the trademark registered in the PRC and purchased software which are amortized on a straight-line basis over a useful life of 10 years The Company follows ASC Topic 350 in accounting for intangible assets, which requires impairment losses to be recorded when indicators of impairment are present and the undiscounted cash flows estimated to be generated by the assets are less than the assets’ carrying amounts. l Revenue recognition In accordance with Accounting Standard Codification (“ASC”) Topic 606, “Revenue from Contracts with Customers”, the Company recognizes revenues when goods or services are transferred to customers in an amount that reflects the consideration which the Company expects to receive in exchange for those goods or services. In determining when and how revenues are recognized from contracts with customers, the Company performs the following five-step analysis: (i) identification of contract with customer; (ii) determination of performance obligations; (iii) measurement of the transaction price; (iv) allocation of the transaction price to the performance obligations, and (v) recognition of revenues when (or as) the Company satisfies each performance obligation. The Company derives revenues from the processing, distribution, and sale of its products. l Comprehensive income ASC Topic 220, “ Comprehensive Income l Income taxes Income taxes are determined in accordance with the provisions of ASC Topic 740, “ Income Taxes ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. The Company is subject to tax in local and foreign jurisdiction. As a result of its business activities, the Company files tax returns that are subject to examination by the relevant tax authorities. l Foreign currencies translation Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statement of operations. The reporting currency of the Company is United States Dollar ("US$") and the accompanying consolidated financial statements have been expressed in US$. In addition, the Company and subsidiaries are operating in PRC and Hong Kong maintain their books and record in their local currency, Renminbi (“RMB”) and Hong Kong dollars (“HK$”), which is a functional currency as being the primary currency of the economic environment in which their operations are conducted. In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “ Translation of Financial Statement Translation of amounts from RMB and HK$ into US$ has been made at the following exchange rates for the periods ended March 31, 2021 and December 31, 2020: Schedule of Foreign Currency Translations March 31, 2021 December 31, 2020 Period/year-end RMB:US$ exchange rate 6.5536 6.5276 Period/annual average RMB:US$ exchange rate 6.4820 6.9001 Period/year-end HK$:US$ exchange rate 7.7742 7.7525 Period/annual average HK$:US$ exchange rate 7.7569 7.7557 Period/year-end TWD:US$ exchange rate 28.0689 28.0772 Period/annual average TWD:US$ exchange rate 28.4682 29.4418 l Lease At the inception of an arrangement, the Company determines whether the arrangement is or contains a lease based on the unique facts and circumstances present. Leases with a term greater than one year are recognized on the balance sheet as right-of-use assets, lease liabilities and long-term lease liabilities. The Company has elected not to recognize on the balance sheet leases with terms of one year or less. Operating lease liabilities and their corresponding right-of-use assets are recorded based on the present value of lease payments over the expected remaining lease term. However, certain adjustments to the right-of-use asset may be required for items such as prepaid or accrued lease payments. The interest rate implicit in lease contracts is typically not readily determinable. As a result, the Company utilizes its incremental borrowing rates, which are the rates incurred to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment. In accordance with the guidance in ASC 842, components of a lease should be split into three categories: lease components (e.g. land, building, etc.), non-lease components (e.g. common area maintenance, consumables, etc.), and non-components (e.g. property taxes, insurance, etc.). Subsequently, the fixed and in-substance fixed contract consideration (including any related to non-components) must be allocated based on the respective relative fair values to the lease components and non-lease components. The Company made the policy election to not separate lease and non-lease components. Each lease component and the related non-lease components are accounted for together as a single component. l Noncontrolling interest The Company accounts for noncontrolling interest in accordance with ASC Topic 810-10-45, which requires the Company to present noncontrolling interests as a separate component of total shareholders’ equity on the consolidated balance sheets and the consolidated net loss attributable to its noncontrolling interest be clearly identified and presented on the face of the consolidated statements of operations and comprehensive loss. l Net loss per share The Company calculates net loss per share in accordance with ASC Topic 260, “ Earnings per Share l Concentrations and credit risk The Company’s principal financial instruments subject to potential concentration of credit risk are cash and cash equivalents, including amounts held in money market accounts. The Company places cash deposits with a federally insured financial institution. The Company maintains its cash at banks and financial institutions it considers to be of high credit quality; however, the Company’s domestic cash deposits may at times exceed the Federal Deposit Insurance Corporation’s insured limit. Balances in excess of federally insured limitations may not be insured. The Company has not experienced losses on these accounts, and management believes that the Company is not exposed to significant risks on such accounts. l Fair value of financial instruments The carrying value of the Company’s financial instruments (excluding short-term bank borrowing and note payable): cash and cash equivalents, accounts and retention receivable, prepayments and other receivables, accounts payable, income tax payable, amount due to a related party, other payables and accrued liabilities approximate at their fair values because of the short-term nature of these financial instruments. Management believes, based on the current market prices or interest rates for similar debt instruments, the fair value of note payable approximate the carrying amount. The Company also follows the guidance of the ASC Topic 820-10, “ Fair Value Measurements and Disclosures ● Level 1 ● Level 2: ● Level 3 Fair value estimates are made at a specific point in time based on relevant market information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. l Recent accounting pronouncements The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

GOING CONCERN UNCERTAINTIES

GOING CONCERN UNCERTAINTIES	3 Months Ended
	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN UNCERTAINTIES	NOTE－ 4 GOING CONCERN UNCERTAINTIES The accompanying unaudited condensed consolidated financial statements have been prepared using the going concern basis of accounting, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company had $ 586,820 182,033 897,307 The continuation of the Company as a going concern through March 31, 2022 is dependent upon the continued financial support from its shareholders. Management believes the Company is currently pursuing additional financing for its operations. However, there is no assurance that the Company will be successful in securing sufficient funds to sustain the operations. These and other factors raise substantial doubt about the Company’s ability to continue as a going concern. These unaudited condensed consolidated financial statements do not include any adjustments to reflect the possible future effects on the recover ability and classification of assets and liabilities that may result in the Company not being able to continue as a going concern.

LONG-TERM INVESTMENT

LONG-TERM INVESTMENT	3 Months Ended
	Mar. 31, 2021
Investments, All Other Investments [Abstract]
LONG-TERM INVESTMENT	NOTE － 5 LONG-TERM INVESTMENT On January 3, 2021, the Company signed an investment agreement with Shenzhen Ocean Way Yachts Services Co., Limited (“Ocean Way”) to invest a total of $231,410(RMB1,500,000), which is equivalent to 60% of equity ownership. However, based on the agreements, Shaorong Zhuang, the other shareholder has the right to assign the majority of directors in the board and controls Ocean Way. As a result, Ocean Way is treated as an investment rather than subsidiary. As of March 31, 2021, a total of $ 55,060 11,755

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	3 Months Ended
	Mar. 31, 2021
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	NOTE － 6 PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consisted of the following: Schedule of Property, Plant and Equipment March 31, 2021 December 31, 2020 Service yacht $ 376,922 $ 378,421 Motor vehicle 19,310 19,386 Office equipment 2,880 2,921 Property Plant and Equipment, Gross 399,112 400,728 Less: accumulated depreciation (163,864 ) (154,453 ) Property, plant and equipment, net $ 235,248 $ 246,275 Depreciation expense for the three months ended March 31, 2021 and 2020 were $10,136 and $9,294, respectively.

DEPOSITS AND PREPAYMENTS

DEPOSITS AND PREPAYMENTS	3 Months Ended
	Mar. 31, 2021
Deposits And Prepayments
DEPOSITS AND PREPAYMENTS	NOTE － 7 DEPOSITS AND PREPAYMENTS Deposits and prepayments consisted of the following: Schedule of Deposits and Prepayment March 31, 2021 December 31, 2020 Deposits $ - $ 77,213 Prepayments (a) 283,796 - Deposits and Prepayment, net $ 283,796 $ 77,213 (a) The amount will be recognized as expenses in next twelve months.

ACCRUED LIABILITIES AND OTHER P

ACCRUED LIABILITIES AND OTHER PAYABLE	3 Months Ended
	Mar. 31, 2021
Payables and Accruals [Abstract]
ACCRUED LIABILITIES AND OTHER PAYABLE	NOTE － 8 ACCRUED LIABILITIES AND OTHER PAYABLE Accrued expenses and other payable consisted of the following: March 31, 2021 December 31, 2020 Accrued expenses $ 34,210 $ 30,343 Other payable (a) 21,818 40,034 Accrued liabilities and other payable $ 56,028 $ 70,377 (a) The amount will be settled in next twelve months.

LEASES

LEASES	3 Months Ended
	Mar. 31, 2021
Leases [Abstract]
LEASES	NOTE－ 9 LEASES The Company purchased a service vehicle under a financing lease arrangement of a total amount of $18,146 (RMB117,043) starting from August 1, 2019, with the effective interest rate of 2.25% per annum, due through May 1, 2022, with principal and interest payable monthly. Supplemental balance sheet information related to leases as of March 31, 2021 and December 31, 2020 are as follows: Schedule of Lease Liability March 31, 2021 December 31, 2020 Right of use assets $ - $ - Current portion $ 6,117 $ 5,924 Non-current portion 2,540 4,261 Total $ 8,657 $ 10,185 The following table summarizes the maturity of lease liabilities under operating leases as of March 31, 2021: Schedule of Maturities of Lease Liability For the twelve months ending March 31, Operating Leases 2022 $ 7,004 2023 2,843 Total lease payments $ 9,847

PROMISSORY NOTE

PROMISSORY NOTE	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
PROMISSORY NOTE	NOTE－ 10 PROMISSORY NOTE Promissory note represented the U.S. Small Business Administration, an Agency of the U.S. Government authorized a loan to the Company which bears interest at the rate of 3.75% per annum and will become repayable within 30 years, from the date of draw down. This loan is secured by all tangible and intangible personal property, including, but not limited to: (a) inventory, (b) equipment, (c) instruments, (d) chattel paper, (e) receivables, (h) deposit accounts, (i) commercial tort claims and (j) general intangibles. The loan was borrowed on July 1, 2020 and the initial installment repayment date begins Twelve (12) months from the date of the promissory Note and has been extended for 30 months. As a result, the Company has not made any repayment. Total promissory note recorded in balance were $87,500 at March 31, 2021 and December 31, 2020. The accrued interest expense are $830 and $0 for the three months ended March 31, 2021 and 2020, respectively.

SHAREHOLDERS_ (DEFICIT) EQUITY

SHAREHOLDERS’ (DEFICIT) EQUITY	3 Months Ended
	Mar. 31, 2021
Equity [Abstract]
SHAREHOLDERS’ (DEFICIT) EQUITY	NOTE－ 11 SHAREHOLDERS’ (DEFICIT) EQUITY Authorized Shares The Company’s authorized shares are 5,000,000 70,000,000 0.001 Preferred Stock As of March 31, 2021 and December 31, 2020, the Company had a total of 832,000 Common Stock On March 05, 2021, the Company issued 468,888 464,199 The market price is a fair price to record the value of stocks in the transaction. Due to the significant difference between the market prices and conversion prices, a loss of $ 661,132 As of March 31, 2021 and December 31, 2020, the Company had a total of 24,939,054 24,470,166

NET LOSS PER SHARE OF COMMON ST

NET LOSS PER SHARE OF COMMON STOCK	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
NET LOSS PER SHARE OF COMMON STOCK	NOTE－ 12 NET LOSS PER SHARE OF COMMON STOCK Basic net (loss) income per share is computed using the weighted average number of common shares outstanding during the year. The dilutive effect of potential common shares outstanding is included in diluted net (loss) income per share. The following table sets forth the computation of basic and diluted net (loss) income per share for the three months ended March 31, 2021 and 2020: Schedule of Net Loss per Share For the three months ended March 31, 2021 2020 Net loss for basic and diluted attributable to Vivic Corp. $ (886,161 ) $ (72,865 ) Weighted average common stock outstanding - Basic and Diluted 24,605,623 32,363,200 Net loss per share of common stock – basic and diluted $ (0.06 ) $ (0.00 )

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE － 13 RELATED PARTY TRANSACTIONS In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by officers, directors, or shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note. Due to related parties represented temporary advances to the Company by the shareholders of the Company, which were unsecured, interest-free and had no fixed terms of repayments. Imputed interests from related parties’ loan are not significant. The balance of due to related parties was $ 526,943 523,465 The Company paid $ 9,000 Each Preferred Share is entitled to fifty (50) votes The Company paid $ 46,003 0 Apart from the transactions and balances detailed elsewhere in these accompanying unaudited condensed consolidated financial statements, the Company has no other significant or material related party transactions during the periods presented.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE － 14 COMMITMENTS AND CONTINGENCIES As of March 31, 2021 and December 31, 2020, the Company has no material commitments and contingencies.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE － 15 SUBSEQUENT EVENTS In accordance with ASC Topic 855, “ Subsequent Events On April 23, 2021, the Company converted a debt in the amount of $ 462,888 462,888

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
Basis of presentation	l Basis of presentation These accompanying condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Annual Report on Form 10-K filed by the Company with the SEC on March 29, 2021.
Use of estimates	l Use of estimates In preparing these unaudited condensed consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheet and revenues and expenses during the periods reported. Actual results may differ from these estimates.
Basis of consolidation	l Basis of consolidation The unaudited condensed consolidated financial statements include the financial statements of VIVC and its subsidiaries. All significant inter-company balances and transactions within the Company have been eliminated upon consolidation.
Cash and cash equivalents	l Cash and cash equivalents Cash and cash equivalents consist primarily of cash in readily available checking and saving accounts. Cash equivalents consist of highly liquid investments that are readily convertible to cash and that mature within three months or less from the date of purchase. The carrying amounts approximate fair value due to the short maturities of these instruments. As of March 31, 2021 and December 31, 2020, the Company had $ 305,176 0
Accounts receivable	l Accounts receivable Accounts receivable are recorded at the invoiced amount and do not bear interest, which are due within contractual payment terms, generally 30 to 90 days from completion of service. Credit is extended based on evaluation of a customer's financial condition, the customer credit-worthiness and their payment history. Accounts receivable outstanding longer than the contractual payment terms are considered past due. Past due balances over 90 days and over a specified amount are reviewed individually for collectability. At the end of fiscal year, the Company specifically evaluates individual customer’s financial condition, credit history, and the current economic conditions to monitor the progress of the collection of accounts receivables. The Company will consider the allowance for doubtful accounts for any estimated losses resulting from the inability of its customers to make required payments. For the receivables that are past due or not being paid according to payment terms, the appropriate actions are taken to exhaust all means of collection, including seeking legal resolution in a court of law. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. The Company does not have any off-balance-sheet credit exposure related to its customers. As of March 31, 2021 and December 31, 2020, there was no allowance for doubtful accounts.
Property, plant and equipment	l Property, plant and equipment Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational and after taking into account their estimated residual values: Schedule of Useful live of Assets Expected useful life Service yacht 10 years Motor vehicle 5 years Office equipment 5 years Expenditure for repairs and maintenance is expensed as incurred. When assets have retired or sold, the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in the results of operations.
Intangible assets, net	l Intangible assets, net Intangible assets are stated at cost less accumulated amortization. Intangible assets represented the trademark registered in the PRC and purchased software which are amortized on a straight-line basis over a useful life of 10 years The Company follows ASC Topic 350 in accounting for intangible assets, which requires impairment losses to be recorded when indicators of impairment are present and the undiscounted cash flows estimated to be generated by the assets are less than the assets’ carrying amounts.
Revenue recognition	l Revenue recognition In accordance with Accounting Standard Codification (“ASC”) Topic 606, “Revenue from Contracts with Customers”, the Company recognizes revenues when goods or services are transferred to customers in an amount that reflects the consideration which the Company expects to receive in exchange for those goods or services. In determining when and how revenues are recognized from contracts with customers, the Company performs the following five-step analysis: (i) identification of contract with customer; (ii) determination of performance obligations; (iii) measurement of the transaction price; (iv) allocation of the transaction price to the performance obligations, and (v) recognition of revenues when (or as) the Company satisfies each performance obligation. The Company derives revenues from the processing, distribution, and sale of its products.
Comprehensive income	l Comprehensive income ASC Topic 220, “ Comprehensive Income
Income taxes	l Income taxes Income taxes are determined in accordance with the provisions of ASC Topic 740, “ Income Taxes ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. The Company is subject to tax in local and foreign jurisdiction. As a result of its business activities, the Company files tax returns that are subject to examination by the relevant tax authorities.
Foreign currencies translation	l Foreign currencies translation Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statement of operations. The reporting currency of the Company is United States Dollar ("US$") and the accompanying consolidated financial statements have been expressed in US$. In addition, the Company and subsidiaries are operating in PRC and Hong Kong maintain their books and record in their local currency, Renminbi (“RMB”) and Hong Kong dollars (“HK$”), which is a functional currency as being the primary currency of the economic environment in which their operations are conducted. In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “ Translation of Financial Statement Translation of amounts from RMB and HK$ into US$ has been made at the following exchange rates for the periods ended March 31, 2021 and December 31, 2020: Schedule of Foreign Currency Translations March 31, 2021 December 31, 2020 Period/year-end RMB:US$ exchange rate 6.5536 6.5276 Period/annual average RMB:US$ exchange rate 6.4820 6.9001 Period/year-end HK$:US$ exchange rate 7.7742 7.7525 Period/annual average HK$:US$ exchange rate 7.7569 7.7557 Period/year-end TWD:US$ exchange rate 28.0689 28.0772 Period/annual average TWD:US$ exchange rate 28.4682 29.4418
Lease	l Lease At the inception of an arrangement, the Company determines whether the arrangement is or contains a lease based on the unique facts and circumstances present. Leases with a term greater than one year are recognized on the balance sheet as right-of-use assets, lease liabilities and long-term lease liabilities. The Company has elected not to recognize on the balance sheet leases with terms of one year or less. Operating lease liabilities and their corresponding right-of-use assets are recorded based on the present value of lease payments over the expected remaining lease term. However, certain adjustments to the right-of-use asset may be required for items such as prepaid or accrued lease payments. The interest rate implicit in lease contracts is typically not readily determinable. As a result, the Company utilizes its incremental borrowing rates, which are the rates incurred to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment. In accordance with the guidance in ASC 842, components of a lease should be split into three categories: lease components (e.g. land, building, etc.), non-lease components (e.g. common area maintenance, consumables, etc.), and non-components (e.g. property taxes, insurance, etc.). Subsequently, the fixed and in-substance fixed contract consideration (including any related to non-components) must be allocated based on the respective relative fair values to the lease components and non-lease components. The Company made the policy election to not separate lease and non-lease components. Each lease component and the related non-lease components are accounted for together as a single component.
Noncontrolling interest	l Noncontrolling interest The Company accounts for noncontrolling interest in accordance with ASC Topic 810-10-45, which requires the Company to present noncontrolling interests as a separate component of total shareholders’ equity on the consolidated balance sheets and the consolidated net loss attributable to its noncontrolling interest be clearly identified and presented on the face of the consolidated statements of operations and comprehensive loss.
Net loss per share	l Net loss per share The Company calculates net loss per share in accordance with ASC Topic 260, “ Earnings per Share
Concentrations and credit risk	l Concentrations and credit risk The Company’s principal financial instruments subject to potential concentration of credit risk are cash and cash equivalents, including amounts held in money market accounts. The Company places cash deposits with a federally insured financial institution. The Company maintains its cash at banks and financial institutions it considers to be of high credit quality; however, the Company’s domestic cash deposits may at times exceed the Federal Deposit Insurance Corporation’s insured limit. Balances in excess of federally insured limitations may not be insured. The Company has not experienced losses on these accounts, and management believes that the Company is not exposed to significant risks on such accounts.
Fair value of financial instruments	l Fair value of financial instruments The carrying value of the Company’s financial instruments (excluding short-term bank borrowing and note payable): cash and cash equivalents, accounts and retention receivable, prepayments and other receivables, accounts payable, income tax payable, amount due to a related party, other payables and accrued liabilities approximate at their fair values because of the short-term nature of these financial instruments. Management believes, based on the current market prices or interest rates for similar debt instruments, the fair value of note payable approximate the carrying amount. The Company also follows the guidance of the ASC Topic 820-10, “ Fair Value Measurements and Disclosures ● Level 1 ● Level 2: ● Level 3 Fair value estimates are made at a specific point in time based on relevant market information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates.
Recent accounting pronouncements	l Recent accounting pronouncements The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

RESTATEMENT EFFECTS ON ISSUED_2

RESTATEMENT EFFECTS ON ISSUED FINANCIAL STATEMENTS (Tables)	3 Months Ended
	Mar. 31, 2021
Accounting Changes and Error Corrections [Abstract]
Schedule of Restated Unaudited Consolidated Financial Statements	The following table illustrates the impact of the restated unaudited consolidated balance sheet, the unaudited statement of operations and unaudited statement of cash flows for the period ended March 31, 2021. Schedule of Restated Unaudited Consolidated Financial Statements
RESTATEMENT EFFECTS ON ISSUED FINANCIAL STATEMENTS	As Previously Adjustment As Restated Consolidated Balance Sheet at March 31, 2021: Cash and cash equivalents A $ 592,352 $ (5,532 ) $ 586,820 Accounts receivables A 6,000 (6,000 ) - Deposits and prepayments A 393,531 (109,735 ) 283,796 Other current assets 75,364 25,931 101,295 Total current assets 1,067,247 (95,336 ) 971,911 Long-term investment A - 43,305 43,305 Property, plant and equipment, net A 235,560 (312 ) 235,248 TOTAL ASSETS 1,302,807 (52,343 ) 1,250,464 Accounts payable A $ 40,891 $ (28,468 ) $ 12,423 Accrued liabilities and other payables A 764,986 (708,958 ) 56,028 Due to related parties 526,943 - 526,943 Loan from third party 152,588 - 152,588 Deferred revenue A 15,538 (9,434 ) 6,104 Operating lease liabilities - current 6,117 - 6,117 Income tax payable 29,675 - 29,675 Total current liabilities 1,536,738 (746,860 ) 789,878 Operating lease liabilities – noncurrent 2,540 - 2,540 Promissory note 87,500 - 87,500 Total liabilities 1,626,778 (746,860 ) 879,918 Preferred stock 832 - 832 Common stock 24,939 - 24,939 Common stock to be issued A 720,000 (720,000 ) - Additional paid-in capital B 1,804,885 661,132 2,466,017 Accumulated other comprehensive income (loss) A 14,930 (22,658 ) (7,728 ) Accumulated deficit A,B (2,666,434 ) 479,768 (2,186,666 ) Total Vivic Corp. shareholders’ equity (100,848 ) 398,242 297,394 Non-controlling interest A (223,123 ) 296,275 73,152 Total shareholders’ equity (323,971 ) 694,517 370,546 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 1,302,807 (52,343 ) 1,250,464
RESTATEMENT EFFECTS ON ISSUED FINANCIAL STATEMENTS (Details 2)	Consolidated Statements of Operations for three months REVENUE A $ 19,194 $ (16,183 ) $ 3,011 Cost of revenue A (8,012 ) 8,012 - Gross Profit 11,182 (8,171 ) 3,011 General and administrative expenses A (279,856 ) 53,416 (226,440 ) Total operating expenses (279,856 ) 53,416 (226,440 ) Impairment of goodwill A (1,126,324 ) 1,126,324 - Investment loss A - (11,755 ) (11,755 ) Interest income A 51 (5 ) 46 Interest expense (1,037 ) - (1,037 ) Other income A 40 (40 ) - Loss on loan settlement B - (661,132 ) (661,132 ) Total other expenses (1,127,270 ) 453,392 (673,878 ) NET LOSS (1,395,944 ) 498,637 (897,307 )
RESTATEMENT EFFECTS ON ISSUED FINANCIAL STATEMENTS (Details 3)	Consolidated Statement of Cash Flows for three months Net loss A,B $ (1,395,944 ) $ 498,637 $ (897,307 ) Investment gain(loss) A - 11,755 11,755 Depreciation of property, plant and equipment 10,136 - 10,136 Interest expense 774 - 774 Impairment of goodwill A 1,126,324 (1,126,324 ) - Loss on loan settlement B - 661,132 661,132 Change in operating assets and liabilities: Accounts receivable A (6,000 ) 6,000 - Deposits and prepayments A (232,096 ) 25,513 (206,583 ) Other receivable A (51,459 ) 4,182 (47,277 ) Deferred revenue A 15,538 (9,434 ) 6,104 Accounts payable A 25,314 (25,364 ) (50 ) Accrued liabilities and other payables A (19,551 ) 4,428 (15,123 ) Lease liabilities A - (1,488 ) (1,488 ) Net cash used in operating activities (526,964 ) 49,037 (477,927 ) Cash flows from investing activities Investment in a subsidiary A - (55,060 ) (55,060 ) Cash from acquisition of a subsidiary A 5,203 (5,203 ) - Net cash used in investing activities 5,203 (60,263 ) (55,060 ) Cash flows from financing activities Proceeds from related parties 3,478 - 3,478 Proceeds from loans 464,199 - 464,199 Proceeds from third party loan 152,588 - 152,588 Repayment of lease liability A (1,488 ) 1,488 - Net cash provided by financing activities 618,777 1,488 620,265 Effect on exchange rate change on cash and cash equivalents (8,843 ) 4,206 (4,637 ) CASH AND CASH EQUIVALENTS - END OF PERIOD 592,352 (5,532 ) 586,820

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
Schedule of Useful live of Assets	Schedule of Useful live of Assets
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Expected useful life Service yacht 10 years Motor vehicle 5 years Office equipment 5 years
Schedule of Foreign Currency Translations	Translation of amounts from RMB and HK$ into US$ has been made at the following exchange rates for the periods ended March 31, 2021 and December 31, 2020: Schedule of Foreign Currency Translations
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2)	March 31, 2021 December 31, 2020 Period/year-end RMB:US$ exchange rate 6.5536 6.5276 Period/annual average RMB:US$ exchange rate 6.4820 6.9001 Period/year-end HK$:US$ exchange rate 7.7742 7.7525 Period/annual average HK$:US$ exchange rate 7.7569 7.7557 Period/year-end TWD:US$ exchange rate 28.0689 28.0772 Period/annual average TWD:US$ exchange rate 28.4682 29.4418

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	3 Months Ended
	Mar. 31, 2021
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	Property, plant and equipment consisted of the following: Schedule of Property, Plant and Equipment
PROPERTY, PLANT AND EQUIPMENT	March 31, 2021 December 31, 2020 Service yacht $ 376,922 $ 378,421 Motor vehicle 19,310 19,386 Office equipment 2,880 2,921 Property Plant and Equipment, Gross 399,112 400,728 Less: accumulated depreciation (163,864 ) (154,453 ) Property, plant and equipment, net $ 235,248 $ 246,275

DEPOSITS AND PREPAYMENTS (Table

DEPOSITS AND PREPAYMENTS (Tables)	3 Months Ended
	Mar. 31, 2021
Deposits And Prepayments
Schedule of Deposits and Prepayment	Deposits and prepayments consisted of the following: Schedule of Deposits and Prepayment
DEPOSITS AND PREPAYMENTS	March 31, 2021 December 31, 2020 Deposits $ - $ 77,213 Prepayments (a) 283,796 - Deposits and Prepayment, net $ 283,796 $ 77,213

ACCRUED LIABILITIES AND OTHER_2

ACCRUED LIABILITIES AND OTHER PAYABLE (Tables)	3 Months Ended
	Mar. 31, 2021
Payables and Accruals [Abstract]
Accrued expenses and other payable consisted of the following:	Accrued expenses and other payable consisted of the following:
ACCRUED LIABILITIES AND OTHER PAYABLE	March 31, 2021 December 31, 2020 Accrued expenses $ 34,210 $ 30,343 Other payable (a) 21,818 40,034 Accrued liabilities and other payable $ 56,028 $ 70,377

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2021
Leases [Abstract]
Schedule of Lease Liability	Supplemental balance sheet information related to leases as of March 31, 2021 and December 31, 2020 are as follows: Schedule of Lease Liability
LEASES	March 31, 2021 December 31, 2020 Right of use assets $ - $ - Current portion $ 6,117 $ 5,924 Non-current portion 2,540 4,261 Total $ 8,657 $ 10,185
Schedule of Maturities of Lease Liability	The following table summarizes the maturity of lease liabilities under operating leases as of March 31, 2021: Schedule of Maturities of Lease Liability
LEASES (Details 2)	For the twelve months ending March 31, Operating Leases 2022 $ 7,004 2023 2,843 Total lease payments $ 9,847

NET LOSS PER SHARE OF COMMON _2

NET LOSS PER SHARE OF COMMON STOCK (Tables)	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Schedule of Net Loss per Share	Schedule of Net Loss per Share
NET LOSS PER SHARE OF COMMON STOCK	For the three months ended March 31, 2021 2020 Net loss for basic and diluted attributable to Vivic Corp. $ (886,161 ) $ (72,865 ) Weighted average common stock outstanding - Basic and Diluted 24,605,623 32,363,200 Net loss per share of common stock – basic and diluted $ (0.06 ) $ (0.00 )

RESTATEMENT EFFECTS ON ISSUED_3

RESTATEMENT EFFECTS ON ISSUED FINANCIAL STATEMENTS (Details) - USD ($)		Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deposits and prepayments		$ 283,796	$ 77,213
Other current assets		101,295	54,018
Total current assets		971,911	635,410
Long-term investment		43,305
Property, plant and equipment, net		235,248	246,275
TOTAL ASSETS		1,250,464	881,685
Accounts payable		12,423	12,473
Accrued liabilities and other payables		56,028	70,377
Due to related parties		526,943	523,465
Loan from third party		152,588
Deferred revenue		6,104
Operating lease liabilities - current		6,117	5,924
Income tax payable		29,675	29,675
Total current liabilities		789,878	641,914
Operating lease liabilities – noncurrent		2,540	4,261
Promissory note		87,500	87,500
Total liabilities		879,918	733,675
Preferred stock		832	832
Common stock		24,939	24,470
Additional paid-in capital		2,466,017	1,341,155
Accumulated other comprehensive income (loss)		(7,728)	(2,240)
Accumulated deficit		(2,186,666)	(1,300,505)
Total Vivic Corp. shareholders’ equity		297,394	63,712
Non-controlling interest		73,152	84,298
Total shareholders’ equity		370,546	148,010	$ (246,502)	$ (171,861)
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		1,250,464	$ 881,685
Previously Reported [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cash and cash equivalents	[1]	592,352
Accounts receivables	[1]	6,000
Deposits and prepayments	[1]	393,531
Other current assets		75,364
Total current assets		1,067,247
Long-term investment	[1]
Property, plant and equipment, net	[1]	235,560
TOTAL ASSETS		1,302,807
Accounts payable	[1]	40,891
Accrued liabilities and other payables	[1]	764,986
Due to related parties		526,943
Loan from third party		152,588
Deferred revenue	[1]	15,538
Operating lease liabilities - current		6,117
Income tax payable		29,675
Total current liabilities		1,536,738
Operating lease liabilities – noncurrent		2,540
Promissory note		87,500
Total liabilities		1,626,778
Preferred stock		832
Common stock		24,939
Common stock to be issued	[1]	720,000
Additional paid-in capital	[2]	1,804,885
Accumulated other comprehensive income (loss)	[1]	14,930
Accumulated deficit	[1],[2]	(2,666,434)
Total Vivic Corp. shareholders’ equity		(100,848)
Non-controlling interest	[1]	(223,123)
Total shareholders’ equity		(323,971)
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		1,302,807
Scenario, Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cash and cash equivalents	[1]	(5,532)
Accounts receivables	[1]	(6,000)
Deposits and prepayments	[1]	(109,735)
Other current assets		25,931
Total current assets		(95,336)
Long-term investment	[1]	43,305
Property, plant and equipment, net	[1]	(312)
TOTAL ASSETS		(52,343)
Accounts payable	[1]	(28,468)
Accrued liabilities and other payables	[1]	(708,958)
Due to related parties
Loan from third party
Deferred revenue	[1]	(9,434)
Operating lease liabilities - current
Income tax payable
Total current liabilities		(746,860)
Operating lease liabilities – noncurrent
Promissory note
Total liabilities		(746,860)
Preferred stock
Common stock
Common stock to be issued	[1]	(720,000)
Additional paid-in capital	[2]	661,132
Accumulated other comprehensive income (loss)	[1]	(22,658)
Accumulated deficit	[1],[2]	479,768
Total Vivic Corp. shareholders’ equity		398,242
Non-controlling interest	[1]	296,275
Total shareholders’ equity		694,517
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		(52,343)
Revision of Prior Period, Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cash and cash equivalents	[1]	586,820
Accounts receivables	[1]
Deposits and prepayments	[1]	283,796
Other current assets		101,295
Total current assets		971,911
Long-term investment	[1]	43,305
Property, plant and equipment, net	[1]	235,248
TOTAL ASSETS		1,250,464
Accounts payable	[1]	12,423
Accrued liabilities and other payables	[1]	56,028
Due to related parties		526,943
Loan from third party		152,588
Deferred revenue	[1]	6,104
Operating lease liabilities - current		6,117
Income tax payable		29,675
Total current liabilities		789,878
Operating lease liabilities – noncurrent		2,540
Promissory note		87,500
Total liabilities		879,918
Preferred stock		832
Common stock		24,939
Common stock to be issued	[1]
Additional paid-in capital	[2]	2,466,017
Accumulated other comprehensive income (loss)	[1]	(7,728)
Accumulated deficit	[1],[2]	(2,186,666)
Total Vivic Corp. shareholders’ equity		297,394
Non-controlling interest	[1]	73,152
Total shareholders’ equity		370,546
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		$ 1,250,464
[1]Adjusted due to incorrect recording of Ocean Way as a subsidiary.[2]Adjusted due to incorrect use of stock prices in loan settlement contracts.

RESTATEMENT EFFECTS ON ISSUED_4

RESTATEMENT EFFECTS ON ISSUED FINANCIAL STATEMENTS (Details 2) - USD ($)		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
REVENUE		$ 3,011	$ 111,877
Cost of revenue			(5,158)
Gross Profit		3,011	106,719
General and administrative expenses		(226,440)	(176,347)
Total operating expenses		(226,440)	(176,347)
Investment loss		(11,755)
Interest income		46	17
Interest expense		(1,037)	(390)
Total other expenses		(673,878)	(373)
NET LOSS		(897,307)	$ (79,330)
Previously Reported [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
REVENUE	[1]	19,194
Cost of revenue	[1]	(8,012)
Gross Profit		11,182
General and administrative expenses	[1]	(279,856)
Total operating expenses		(279,856)
Impairment of goodwill	[1]	(1,126,324)
Investment loss	[1]
Interest income	[1]	51
Interest expense		(1,037)
Other income	[1]	40
Loss on loan settlement	[2]	0
Total other expenses		(1,127,270)
NET LOSS	[1],[2]	(1,395,944)
Scenario, Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
REVENUE	[1]	(16,183)
Cost of revenue	[1]	8,012
Gross Profit		(8,171)
General and administrative expenses	[1]	53,416
Total operating expenses		53,416
Impairment of goodwill	[1]	1,126,324
Investment loss	[1]	(11,755)
Interest income	[1]	(5)
Interest expense
Other income	[1]	(40)
Loss on loan settlement	[2]	(661,132)
Total other expenses		453,392
NET LOSS	[1],[2]	498,637
Revision of Prior Period, Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
REVENUE	[1]	3,011
Cost of revenue	[1]
Gross Profit		3,011
General and administrative expenses	[1]	(226,440)
Total operating expenses		(226,440)
Impairment of goodwill	[1]
Investment loss	[1]	(11,755)
Interest income	[1]	46
Interest expense		(1,037)
Other income	[1]
Loss on loan settlement	[2]	(661,132)
Total other expenses		(673,878)
NET LOSS	[1],[2]	$ (897,307)
[1]Adjusted due to incorrect recording of Ocean Way as a subsidiary.[2]Adjusted due to incorrect use of stock prices in loan settlement contracts.

RESTATEMENT EFFECTS ON ISSUED_5

RESTATEMENT EFFECTS ON ISSUED FINANCIAL STATEMENTS (Details 3) - USD ($)		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net loss		$ (897,307)	$ (79,330)
Investment gain(loss)		11,755
Depreciation of property, plant and equipment		10,136	9,294
Interest expense		774
Change in operating assets and liabilities:
Accounts receivable			(4,000)
Deposits and prepayments		(206,583)	(123,621)
Other receivable		(47,277)	(11,802)
Deferred revenue		6,104	(10,504)
Accounts payable		(50)	8,711
Accrued liabilities and other payables		(15,123)	(13,428)
Lease liabilities		(1,488)	(1,235)
Net cash used in operating activities		(477,927)	(225,617)
Cash flows from investing activities
Investment in a subsidiary		(55,060)
Net cash used in investing activities		(55,060)
Cash flows from financing activities
Proceeds from related parties		3,478
Proceeds from loans		464,199
Proceeds from third party loan		152,588
Net cash provided by financing activities		620,265	(20,468)
Effect on exchange rate change on cash and cash equivalents		(4,637)	$ 8,822
Previously Reported [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net loss	[1],[2]	(1,395,944)
Investment gain(loss)	[1]
Depreciation of property, plant and equipment		10,136
Interest expense		774
Impairment of goodwill	[1]	1,126,324
Loss on loan settlement	[2]	0
Change in operating assets and liabilities:
Accounts receivable	[1]	(6,000)
Deposits and prepayments	[1]	(232,096)
Other receivable	[1]	(51,459)
Deferred revenue	[1]	15,538
Accounts payable	[1]	25,314
Accrued liabilities and other payables	[1]	(19,551)
Lease liabilities	[1]
Net cash used in operating activities		(526,964)
Cash flows from investing activities
Investment in a subsidiary	[1]
Cash from acquisition of a subsidiary	[1]	5,203
Net cash used in investing activities		5,203
Cash flows from financing activities
Proceeds from related parties		3,478
Proceeds from loans		464,199
Proceeds from third party loan		152,588
Repayment of lease liability	[1]	(1,488)
Net cash provided by financing activities		618,777
Effect on exchange rate change on cash and cash equivalents		(8,843)
CASH AND CASH EQUIVALENTS - END OF PERIOD	[1]	592,352
Scenario, Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net loss	[1],[2]	498,637
Investment gain(loss)	[1]	11,755
Depreciation of property, plant and equipment
Interest expense
Impairment of goodwill	[1]	(1,126,324)
Loss on loan settlement	[2]	661,132
Change in operating assets and liabilities:
Accounts receivable	[1]	6,000
Deposits and prepayments	[1]	25,513
Other receivable	[1]	4,182
Deferred revenue	[1]	(9,434)
Accounts payable	[1]	(25,364)
Accrued liabilities and other payables	[1]	4,428
Lease liabilities	[1]	(1,488)
Net cash used in operating activities		49,037
Cash flows from investing activities
Investment in a subsidiary	[1]	(55,060)
Cash from acquisition of a subsidiary	[1]	(5,203)
Net cash used in investing activities		(60,263)
Cash flows from financing activities
Proceeds from related parties
Proceeds from loans
Proceeds from third party loan
Repayment of lease liability	[1]	1,488
Net cash provided by financing activities		1,488
Effect on exchange rate change on cash and cash equivalents		4,206
CASH AND CASH EQUIVALENTS - END OF PERIOD	[1]	(5,532)
Revision of Prior Period, Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net loss	[1],[2]	(897,307)
Investment gain(loss)	[1]	11,755
Depreciation of property, plant and equipment		10,136
Interest expense		774
Impairment of goodwill	[1]
Loss on loan settlement	[2]	661,132
Change in operating assets and liabilities:
Accounts receivable	[1]
Deposits and prepayments	[1]	(206,583)
Other receivable	[1]	(47,277)
Deferred revenue	[1]	6,104
Accounts payable	[1]	(50)
Accrued liabilities and other payables	[1]	(15,123)
Lease liabilities	[1]	(1,488)
Net cash used in operating activities		(477,927)
Cash flows from investing activities
Investment in a subsidiary	[1]	(55,060)
Cash from acquisition of a subsidiary	[1]
Net cash used in investing activities		(55,060)
Cash flows from financing activities
Proceeds from related parties		3,478
Proceeds from loans		464,199
Proceeds from third party loan		152,588
Repayment of lease liability	[1]
Net cash provided by financing activities		620,265
Effect on exchange rate change on cash and cash equivalents		(4,637)
CASH AND CASH EQUIVALENTS - END OF PERIOD	[1]	$ 586,820
[1]Adjusted due to incorrect recording of Ocean Way as a subsidiary.[2]Adjusted due to incorrect use of stock prices in loan settlement contracts.

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	3 Months Ended
	Mar. 31, 2021
Service Yacht [Member]
Property, Plant and Equipment [Line Items]
Finite-Lived Intangible Asset, Useful Life	10 years
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Finite-Lived Intangible Asset, Useful Life	5 years
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Finite-Lived Intangible Asset, Useful Life	5 years

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2)	Mar. 31, 2021	Dec. 31, 2020
Period-End RMB:US Exchange Rate [Member]
Intercompany Foreign Currency Balance [Line Items]
Period/annual average TWD:US$ exchange rate	6.5536	6.5276
Period-Average RMB:US Exchange Rate [Member]
Intercompany Foreign Currency Balance [Line Items]
Period/annual average TWD:US$ exchange rate	6.4820	6.9001
Period-End HK:US Exchange Rate [Member]
Intercompany Foreign Currency Balance [Line Items]
Period/annual average TWD:US$ exchange rate	7.7742	7.7525
Period-Average HK:US Exchange Rate [Member]
Intercompany Foreign Currency Balance [Line Items]
Period/annual average TWD:US$ exchange rate	7.7569	7.7557
Period-End TWD:US Exchange Rate [Member]
Intercompany Foreign Currency Balance [Line Items]
Period/annual average TWD:US$ exchange rate	28.0689	28.0772
Period-Average TWD:US Exchange Rate [Member]
Intercompany Foreign Currency Balance [Line Items]
Period/annual average TWD:US$ exchange rate	28.4682	29.4418

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Cash Equivalents, at Carrying Value	$ 305,176	$ 0
Software and Software Development Costs [Member]
Property, Plant and Equipment [Line Items]
Finite-Lived Intangible Asset, Useful Life	10 years

GOING CONCERN UNCERTAINTIES (De

GOING CONCERN UNCERTAINTIES (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and Cash Equivalents, at Carrying Value	$ 586,820	$ 325,240	$ 504,179	$ 562,503
[custom:WorkingCapitalDeficit-0]	182,033
Net Income (Loss) Attributable to Parent	$ 897,307	$ 79,330

LONG-TERM INVESTMENT (Details N

LONG-TERM INVESTMENT (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Investments, All Other Investments [Abstract]
Payments to Acquire Interest in Subsidiaries and Affiliates	$ 55,060
Finance Lease, Impairment Loss	$ 11,755

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property Plant and Equipment, Gross	$ 399,112	$ 400,728
Less: accumulated depreciation	(163,864)	(154,453)
Property, plant and equipment, net	235,248	246,275
Service Yacht [Member]
Property, Plant and Equipment [Line Items]
Property Plant and Equipment, Gross	376,922	378,421
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property Plant and Equipment, Gross	19,310	19,386
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property Plant and Equipment, Gross	$ 2,880	$ 2,921

DEPOSITS AND PREPAYMENTS (Detai

DEPOSITS AND PREPAYMENTS (Details) - USD ($)		Mar. 31, 2021	Dec. 31, 2020
Deposits And Prepayments
Deposits			$ 77,213
Prepayments	[1]	283,796
Deposits and Prepayment, net		$ 283,796	$ 77,213
[1]The amount will be recognized as expenses in next twelve months.

ACCRUED LIABILITIES AND OTHER_3

ACCRUED LIABILITIES AND OTHER PAYABLE (Details) - USD ($)		Mar. 31, 2021	Dec. 31, 2020
Payables and Accruals [Abstract]
Accrued expenses		$ 34,210	$ 30,343
Other payable	[1]	21,818	40,034
Accrued liabilities and other payable		$ 56,028	$ 70,377
[1]The amount will be settled in next twelve months.

LEASES (Details)

LEASES (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Right of use assets
Current portion	6,117	5,924
Non-current portion	2,540	4,261
Total	$ 8,657	$ 10,185

LEASES (Details 2)

LEASES (Details 2)	Mar. 31, 2021 USD ($)
Leases [Abstract]
2022	$ 7,004
2023	2,843
Total lease payments	$ 9,847

SHAREHOLDERS_ (DEFICIT) EQUITY

SHAREHOLDERS’ (DEFICIT) EQUITY (Details Narrative) - USD ($)		3 Months Ended
	Mar. 05, 2021	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred Stock, Shares Authorized		5,000,000		5,000,000
Common Stock, Shares Authorized		70,000,000		70,000,000
Preferred Stock, Par or Stated Value Per Share		$ 0.001		$ 0.001
Common Stock, Par or Stated Value Per Share		$ 0.001		$ 0.001
Preferred Stock, Shares Issued		832,000		832,000
Preferred Stock, Shares Outstanding		832,000		832,000
Payments for (Proceeds from) Loans and Leases		$ 464,199
Gain (Loss) on Extinguishment of Debt		$ 661,132
Common Stock, Shares, Issued		24,939,054		24,470,166
Common Stock, Shares, Outstanding		24,939,054		24,470,166
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Debt Conversion, Converted Instrument, Shares Issued	468,888	468,888

NET LOSS PER SHARE OF COMMON _3

NET LOSS PER SHARE OF COMMON STOCK (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Earnings Per Share [Abstract]
Net loss for basic and diluted attributable to Vivic Corp.	$ (886,161)	$ (72,865)
Weighted average common stock outstanding - Basic and Diluted	24,605,623	32,363,200
Net loss per share of common stock – basic and diluted	$ (0.06)	$ 0

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Related Party Transaction [Line Items]
Due to Related Parties, Current	$ 526,943		$ 523,465
Preferred Stock, Voting Rights	Each Preferred Share is entitled to fifty (50) votes
Honetech Inc [Member]
Related Party Transaction [Line Items]
Consulting Fees	$ 9,000	$ 9,000
Go Right Holdings Limited [Member]
Related Party Transaction [Line Items]
Consulting Fees	$ 46,003	$ 0

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)			3 Months Ended
	Apr. 23, 2021	Mar. 05, 2021	Mar. 31, 2021	Mar. 31, 2020
Subsequent Event [Line Items]
Payments for (Proceeds from) Loans and Leases			$ (464,199)
Common Stock [Member]
Subsequent Event [Line Items]
Debt Conversion, Converted Instrument, Shares Issued		468,888	468,888
Subsequent Event [Member]
Subsequent Event [Line Items]
Payments for (Proceeds from) Loans and Leases	$ 462,888
Subsequent Event [Member] | Common Stock [Member]
Subsequent Event [Line Items]
Debt Conversion, Converted Instrument, Shares Issued	462,888