Vivic (VIVC) 10-Q/A 12 Aug 22 2021 Q2 Quarterly report (amended) Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2021	Aug. 03, 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 June 30, 2021, amends the Form 10-Q that was originally filed with the U.S. Securities Exchange Commission on August 12, 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	Jun. 30, 2021
Document Fiscal Period Focus	Q2
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 Primary SIC Number	7999
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 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 ($)	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 145,634		$ 504,179	$ 215,332		$ 562,503
Accounts receivable, net	15,182
Deposits and prepayments	251,947		77,213
Inventory	23,707
Other current assets	82,092		54,018
Total current assets	518,562		635,410
Non-current assets:
Long-term investment	88,278
Property, plant and equipment, net	289,795		246,275
Operating lease right-of-use assets	578,678
Other noncurrent assets	47,478
TOTAL ASSETS	1,522,791		881,685
Current liabilities:
Accounts payable	42,411		12,473
Accrued liabilities and other payables	105,650		70,377
Due to related parties	289,431		523,465
Deferred revenue	19,760
Operating lease liabilities-current	70,829		5,924
Income tax payable	4,675		29,675
Total current liabilities	532,756		641,914
Non-current liabilities:
Operating lease liabilities-noncurrent	472,283		4,261
Promissory note	87,500		87,500
Total liabilities	1,092,539		733,675
Shareholders’ equity
Preferred stock, $0.001 par value; 5,000,000 shares authorized; 832,000 shares issued and outstanding as of June 30, 2021 and December 31, 2020	832		832
Common stock, $0.001 par value; 70,000,000 shares authorized; 25,401,942 and 24,470,166 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively.	25,402		24,470
Additional paid-in capital	3,437,619		1,341,155
Accumulated other comprehensive income (loss)	649		(2,240)
Accumulated deficit	(3,049,983)		(1,300,505)
Total Vivic Corp. shareholders’ equity	414,519		63,712
Non-controlling interest	15,733		84,298
Total shareholders’ equity	430,252	$ 370,546	148,010	$ (541,703)	$ (246,502)	$ (171,861)
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 1,522,791		$ 881,685

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 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	25,401,942	24,470,166
Common Stock, Shares, Outstanding	25,401,942	24,470,166

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
REVENUE	$ 65,963	$ 42,741	$ 68,974	$ 154,618
Cost of revenue	(239,587)	5,158	(239,587)
Gross profit	(173,624)	47,899	(170,613)	154,618
Operating expenses:
General and administrative expenses	(215,647)	(358,394)	(442,087)	(534,741)
Total operating expenses	(215,647)	(358,394)	(442,087)	(534,741)
Loss from operations	(389,271)	(310,495)	(612,700)	(380,123)
Other income expenses:
Investment loss	(20,731)		(32,486)
Interest income	143	44	189	61
Interest expense	(6,306)	(350)	(7,343)	(740)
Other income	4,606	13,651	4,606	13,651
Loss on loan settlement	(509,177)		(1,170,309)
Exchange gain, net		366		366
Total other income expenses	(531,465)	13,711	(1,205,343)	13,338
Loss before income taxes	(920,736)	(296,784)	(1,818,043)	(366,785)
Income taxes		9,329
NET LOSS	(920,736)	(287,455)	(1,818,043)	(366,785)
Net loss attributable to non-controlling interest	(57,419)	(7,320)	(68,565)	(13,785)
Net loss attributable to Vivic Corp.	(863,317)	(280,135)	(1,749,478)	(353,000)
Other comprehensive loss:
Foreign currency translation loss	8,377	(7,746)	2,889	(3,057)
COMRPEHENSIVE LOSS	$ (854,940)	$ (287,881)	$ (1,746,589)	$ (356,057)
Net loss per share – Basic and Diluted	$ (0.03)	$ (0.01)	$ (0.07)	$ (0.01)
Weighted average common shares outstanding – Basic and Diluted	25,284,948	31,793,138	24,947,162	32,078,169

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, 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							(3,057)
Net loss							(366,785)
Ending balance, value at Jun. 30, 2020	$ 832	$ 12,851	44,458	(4,376)	(697,788)	102,320	(541,703)
Ending Balance, Shares at Jun. 30, 2020	832,000	12,850,759
Beginning balance, value at Mar. 31, 2020	$ 832	$ 32,363	24,946	3,370	(417,653)	109,640	(246,502)
Beginning Balance, Shares at Mar. 31, 2020	832,000	32,363,200
Foreign currency translation adjustment				(7,746)			(7,746)
Net loss					(280,135)	(7,320)	(287,455)
Cancellation of shares		$ (19,512)	19,512
Cancellation of shares, Shares		(19,512,441)
Ending balance, value at Jun. 30, 2020	$ 832	$ 12,851	44,458	(4,376)	(697,788)	102,320	(541,703)
Ending Balance, Shares at Jun. 30, 2020	832,000	12,850,759
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
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							2,889
Net loss							(1,818,043)
Ending balance, value at Jun. 30, 2021	$ 832	$ 25,402	3,437,619	649	(3,049,983)	15,733	430,252
Ending Balance, Shares at Jun. 30, 2021	832,000	25,401,942
Beginning balance, value at Mar. 31, 2021	$ 832	$ 24,939	2,466,017	(7,728)	(2,186,666)	73,152	370,546
Beginning Balance, Shares at Mar. 31, 2021	832,000	24,939,054
Foreign currency translation adjustment				8,377			8,377
Net loss					(863,317)	(57,419)	(920,736)
Shares issued for loan settlement		$ 463	971,602				972,065
Shares issued for loan settlement, Shares		462,888
Ending balance, value at Jun. 30, 2021	$ 832	$ 25,402	$ 3,437,619	$ 649	$ (3,049,983)	$ 15,733	$ 430,252
Ending Balance, Shares at Jun. 30, 2021	832,000	25,401,942

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities:
Net loss	$ (1,818,043)	$ (366,785)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation of property, plant and equipment	22,090	18,489
Amortization of right-of-use assets	17,082
Interest expense	7,343
Investment loss	32,486
Loss on loan settlement	1,170,309
Change in operating assets and liabilities:
Accounts receivable	(15,182)	(34,000)
Deposits and prepayments	(174,734)	(64,749)
Other receivable	(28,074)	(10,613)
Inventory	(23,707)
Other non-current assets	(64,560)
Deferred revenue	19,760	(20,335)
Accounts payable	29,938	709
Accrued liabilities and other payables	54,028	(204,292)
Income tax	(25,000)	(9,031)
Lease liabilities	(71,849)	(2,511)
Net cash used in operating activities	(868,113)	(693,118)
Cash flows from investing activities:
Investment in a subsidiary	(120,764)
Purchase of property, plant and equipment	(62,895)
Net cash used in investing activities	(183,659)
Cash flows from financing activities:
Proceeds from related parties		348,287
Repayment to related parties	(234,034)
Proceeds from loans	927,087
Net cash provided by financing activities	693,053	348,287
Effect on exchange rate change on cash and cash equivalents	174	(2,340)
NET CHANGE IN CASH AND CASH EQUIVALENTS	(358,545)	(347,171)
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD	504,179	562,503
CASH AND CASH EQUIVALENTS - END OF PERIOD	145,634	215,332
Supplemental Cash Flows Information:
Cash paid for interest	490	740
Cash paid for income tax		9,031
Supplemental Disclosure of Non-Cash Flows Information:
Common stock issued for loan settlement	$ 2,097,396

ORGANIZATION AND BUSINESS BACKG

ORGANIZATION AND BUSINESS BACKGROUND	6 Months Ended
	Jun. 30, 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 six months ended June 30, 2021, the Company has invested a total amount of $120,764 (RMB 780,000), which is approximately equal to 43.8% ownership On May 11, 2021, the Company’s subsidiary namely Guangzhou Khashing Yacht Company Limited ceased its operation and de-registered. 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% VIVC and its subsidiaries are hereinafter referred to as (the “Company”).

RESTATEMENT EFFECTS ON ISSUED F

RESTATEMENT EFFECTS ON ISSUED FINANCIAL STATEMENTS	6 Months Ended
	Jun. 30, 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 report 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 $1,170,309 during the three and six months ended June 30, 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 and six months ended June 30, 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 June 30, 2021. Schedule of Restated Unaudited Consolidated Financial Statements As Previously Adjustment As Restated Consolidated Balance Sheet at June 30, 2021: Cash and cash equivalents A $ 148,630 $ (2,996 ) $ 145,634 Accounts receivables A 16,006 (824 ) 15,182 Deposits and prepayments A 481,565 (229,618 ) 251,947 Inventory A - 23,707 23,707 Other current assets A 86,701 (4,609 ) 82,092 Total current assets 732,902 (214,340 ) 518,562 Long-term investment A - 88,278 88,278 Property, plant and equipment, net A 246,246 43,549 289,795 Operating lease right-of-use assets A - 578,678 578,678 Other noncurrent assets A - 47,478 47,478 TOTAL ASSETS 979,148 543,643 1,522,791 Accounts payable A $ 41,835 $ (576 ) $ 42,411 Accrued liabilities and other payables A 817,162 (711,512 ) 105,650 Due to related parties A 247,401 42,030 289,431 Deferred revenue - 19,760 19,760 Income tax payable A 29,675 (25,000 ) 4,675 Operating lease liabilities-current A 6,267 64,562 70,829 Total current liabilities 1,142,340 (609,584 ) 532,756 Operating lease liabilities-noncurrent A 969 471,314 472,283 Promissory note 87,500 - 87,500 TOTAL LIABILITIES 1,230,809 (138,270 ) 1,092,539 Preferred stock 832 - 832 Common stock 25,402 - 25,402 Common stock to be issued A 720,000 (720,000 ) - Additional paid-in capital B 2,267,310 1,170,309 3,437,619 Accumulated other comprehensive income (loss) A 14,681 (14,032 ) 649 Accumulated deficit A,B (2,999,310 ) (50,673 ) (3,049,983 ) Total Vivic Corp. shareholders’ equity 28,915 385,604 414,519 Non-controlling interest A (280,576 ) 296,309 15,733 Total shareholders’ equity (251,661 ) 681,913 430,252 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 979,148 543,643 1,522,791 Consolidated Statements of Operations for three months REVENUE A $ 99,821 $ (33,858 ) $ 65,963 Cost of revenue A (136,388 ) (103,199 ) (239,587 ) Gross Profit (36,567 ) (137,057 ) (173,624 ) General and administrative expenses A (353,480 ) 137,833 (215,647 ) Total operating expenses (353,480 ) 137,833 (215,647 ) Investment loss A - (20,731 ) (20,731 ) Interest expense A (302 ) (6,004 ) (6,306 ) Interest income A 60 83 143 Other income A (40 ) 4,646 4,606 Loss on loan settlement B - (509,177 ) (509,177 ) Total other expenses (282 ) (531,183 ) (531,465 ) NET LOSS (390,329 ) (530,407 ) (920,736 ) Consolidated Statements of Operations for the six months REVENUE A 119,015 (50,041 ) 68,974 Cost of revenue A (144,400 ) (95,187 ) (239,587 ) Gross Profit (25,385 ) (145,228 ) (170,613 ) General and administrative expenses A (633,336 ) 191,249 (442,087 ) Total operating expenses (633,336 ) 191,249 (442,087 ) Impairment of goodwill A (1,126,324 ) 1,126,324 - Investment loss A - (32,486 ) (32,486 ) Interest expense A (1,339 ) (6,004 ) (7,343 ) Interest income A 111 78 189 Other income A - 4,606 4,606 Loss on loan settlement B - (1,170,309 ) (1,170,309 ) Total other expenses (1,127,552 ) (77,791 ) (1,205,343 ) NET LOSS (1,786,273 ) (31,770 ) (1,818,043 ) Consolidated Statement of Cash Flows for the six months Net loss A,B $ (1,786,273 ) $ (31,770 ) $ (1,818,043 ) Depreciation of property, plant and equipment A 20,915 1,175 22,090 Amortization of ROU assets A - 17,082 17,082 Interest expense A - 7,343 7,343 Investment loss A - 32,486 32,486 Impairment of goodwill A 1,126,324 (1,126,324 ) - Loss on loan settlement B - 1,170,309 1,170,309 Change in operating assets and liabilities: Accounts receivable A (16,006 ) 824 (15,182 ) Deposits and prepayments A (320,130 ) 145,396 (174,734 ) Inventory A - (23,707 ) (23,707 ) Other receivable A (62,796 ) 34,722 (28,074 ) Other noncurrent assets A - (64,560 ) (64,560 ) Deferred revenue A - 19,760 19,760 Accounts payable A 25,741 4,197 29,938 Accrued liabilities and other payables A 33,916 20,112 54,028 Lease liabilities A - (71,849 ) (71,849 ) Income tax payable A - (25,000 ) (25,000 ) Net cash used in operating activities (978,309 ) 110,196 (868,113 ) Cash flows from investing activities: Purchase of property, plant and equipment A (18,169 ) (44,726 ) (62,895 ) Investment in a subsidiary A - (120,764 ) (120,764 ) Cash from acquisition of a subsidiary A 5,203 (5,203 ) - Net cash used in investing activities (12,966 ) (170,693 ) (183,659 ) Cash flows from financing activities: Repayment to related parties A (276,064 ) 42,030 (234,034 ) Proceeds from loans 927,087 - 927,087 Repayment of lease liability A (3,064 ) 3,064 - Net cash provided by financing activities 647,959 45,094 693,053 Effect on exchange rate change on cash and cash equivalents (12,233 ) 12,407 174 CASH AND CASH EQUIVALENTS - END OF PERIOD 148,630 (2,996 ) 145,634 (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	6 Months Ended
	Jun. 30, 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 unaudited 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 June 30, 2021 and December 31, 2020, the Company had no cash equivalents. 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 June 30, 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 June 30, 2021 and December 31, 2020: Schedule of Foreign Currency Translations June 30, 2021 December 31, 2020 Period/year-end RMB:US$ exchange rate 6.4549 6.5276 Period/annual average RMB:US$ exchange rate 6.4697 6.9001 Period/year-end HK$:US$ exchange rate 7.7512 7.7525 Period/annual average HK$:US$ exchange rate 7.7610 7.7557 Period/year-end TWD:US$ exchange rate 27.8808 28.0772 Period/annual average TWD:US$ exchange rate 28.0113 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 the 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	6 Months Ended
	Jun. 30, 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 $ 145,634 14,194 1,818,043 The continuation of the Company as a going concern through June 30, 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	6 Months Ended
	Jun. 30, 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 $231,851(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 June 30, 2021, a total of $ 120,764 32,486

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	6 Months Ended
	Jun. 30, 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 June 30, 2021 December 31, 2020 Leasehold improvements $ 38,730 $ - Service yacht 382,689 378,421 Motor vehicle 37,774 19,386 Office equipment 8,936 2,921 Property Plant and Equipment, Gross 468,129 400,728 Less: accumulated depreciation (178,334 ) (154,453 ) Property, plant and equipment, net $ 289,795 $ 246,275 Depreciation expense for the three months ended June 30, 2021 and 2020 were $ 11,954 9,195 Depreciation expense for the six months ended June 30, 2021 and 2020 were $ 22,090 18,489

DEPOSITS AND PREPAYMENTS

DEPOSITS AND PREPAYMENTS	6 Months Ended
	Jun. 30, 2021
Deposits And Prepayments
DEPOSITS AND PREPAYMENTS	NOTE － 7 DEPOSITS AND PREPAYMENTS Deposits and prepayments consisted of the following: Schedule of Deposits and Prepayment June 30, 2021 December 31, 2020 Deposits $ - $ 77,213 Prepayments (a) 251,947 - Deposits and Prepayment, net $ 251,947 $ 77,213 (a) The amount will be recognized as expenses in next twelve months.

ACCRUED LIABILITIES AND OTHER P

ACCRUED LIABILITIES AND OTHER PAYABLE	6 Months Ended
	Jun. 30, 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: Schedule of Accrued Liabilities and Other Payable June 30, 2021 December 31, 2020 Accrued expenses $ 47,904 $ 30,343 Other payable (a) 57,746 40,034 Accrued liabilities and other payable $ 105,650 $ 70,377 (a) The amount will be settled in next twelve months.

LEASES

LEASES	6 Months Ended
	Jun. 30, 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. The Company leases premises for offices and dock for operating under non-cancelable operating leases with initial terms of 5 years and the effective interest rate of 6% per annum. Operating lease payments are expended over the term of lease. The Company leases don’t include options to extend nor any restrictions or covenants. Under the terms of the lease agreements, the Company has no legal or contractual asset retirement obligations at the end of the lease. Supplemental balance sheet information related to leases as of June 30, 2021 and December 31, 2020 are as follows: Schedule of Lease Liability June 30, 2021 December 31, 2020 Right of use assets $ 578,678 $ - Current portion $ 70,829 $ 5,924 Non-current portion 472,283 4,261 Total $ 543,112 $ 10,185 The following table summarizes the maturity of lease liabilities under operating leases as of June 30, 2021: Schedule of Maturities of Lease Liability For the twelve months ending June 30, Operating Leases 2022 $ 70,829 2023 103,283 2024 109,654 Thereafter 259,346 Total lease payments $ 543,112

PROMISSORY NOTE

PROMISSORY NOTE	6 Months Ended
	Jun. 30, 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 June 30, 2021 and December 31, 2020. The accrued interest expense is $830 for the three months ended June 30, 2021 and 2020, respectively. The accrued interest expense are $1,660 and $0 for the six months ended June 30, 2021 and 2020, respectively.

SHAREHOLDERS_ (DEFICIT) EQUITY

SHAREHOLDERS’ (DEFICIT) EQUITY	6 Months Ended
	Jun. 30, 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 June 30, 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 On April 23, 2021, the Company issued 462,888 462,888 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 $ 1,170,309 As of June 30, 2021 and December 31, 2020, the Company had a total of 25,401,942 24,470,166

NET LOSS PER SHARE OF COMMON ST

NET LOSS PER SHARE OF COMMON STOCK	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 2021 and 2020: Schedule of Net Loss per Share For the three months ended June 30, For the six months ended June 30, 2021 2020 2021 2020 Net loss for basic and diluted attributable to Vivic Corp. $ (863,317 ) $ (280,135 ) $ (1,749,478 ) $ (353,000 ) Weighted average common stock outstanding 25,284,948 31,793,138 24,947,162 32,078,169 Net loss per share of common stock – basic and diluted $ (0.03 ) $ (0.01 ) $ (0.07 ) $ (0.01 )

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 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 $ 289,431 523,465 The Company paid $ 0 9,000 9,000 18,000 Each Preferred Share is entitled to fifty (50) votes. The Company paid $ 0 200,000 46,003 200,000 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	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE － 14 COMMITMENTS AND CONTINGENCIES As of June 30, 2021 and December 31, 2020, the Company has no material commitments and contingencies.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE － 15 SUBSEQUENT EVENTS In accordance with ASC Topic 855, “ Subsequent Events On August 3, 2021, the Company converted a debt in the amount of $ 154,868 154,868

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Basis of presentation	l Basis of presentation These accompanying unaudited 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 June 30, 2021 and December 31, 2020, the Company had no cash equivalents.
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 June 30, 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 June 30, 2021 and December 31, 2020: Schedule of Foreign Currency Translations June 30, 2021 December 31, 2020 Period/year-end RMB:US$ exchange rate 6.4549 6.5276 Period/annual average RMB:US$ exchange rate 6.4697 6.9001 Period/year-end HK$:US$ exchange rate 7.7512 7.7525 Period/annual average HK$:US$ exchange rate 7.7610 7.7557 Period/year-end TWD:US$ exchange rate 27.8808 28.0772 Period/annual average TWD:US$ exchange rate 28.0113 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 the 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)	6 Months Ended
	Jun. 30, 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 June 30, 2021. Schedule of Restated Unaudited Consolidated Financial Statements
RESTATEMENT EFFECTS ON ISSUED FINANCIAL STATEMENTS	As Previously Adjustment As Restated Consolidated Balance Sheet at June 30, 2021: Cash and cash equivalents A $ 148,630 $ (2,996 ) $ 145,634 Accounts receivables A 16,006 (824 ) 15,182 Deposits and prepayments A 481,565 (229,618 ) 251,947 Inventory A - 23,707 23,707 Other current assets A 86,701 (4,609 ) 82,092 Total current assets 732,902 (214,340 ) 518,562 Long-term investment A - 88,278 88,278 Property, plant and equipment, net A 246,246 43,549 289,795 Operating lease right-of-use assets A - 578,678 578,678 Other noncurrent assets A - 47,478 47,478 TOTAL ASSETS 979,148 543,643 1,522,791 Accounts payable A $ 41,835 $ (576 ) $ 42,411 Accrued liabilities and other payables A 817,162 (711,512 ) 105,650 Due to related parties A 247,401 42,030 289,431 Deferred revenue - 19,760 19,760 Income tax payable A 29,675 (25,000 ) 4,675 Operating lease liabilities-current A 6,267 64,562 70,829 Total current liabilities 1,142,340 (609,584 ) 532,756 Operating lease liabilities-noncurrent A 969 471,314 472,283 Promissory note 87,500 - 87,500 TOTAL LIABILITIES 1,230,809 (138,270 ) 1,092,539 Preferred stock 832 - 832 Common stock 25,402 - 25,402 Common stock to be issued A 720,000 (720,000 ) - Additional paid-in capital B 2,267,310 1,170,309 3,437,619 Accumulated other comprehensive income (loss) A 14,681 (14,032 ) 649 Accumulated deficit A,B (2,999,310 ) (50,673 ) (3,049,983 ) Total Vivic Corp. shareholders’ equity 28,915 385,604 414,519 Non-controlling interest A (280,576 ) 296,309 15,733 Total shareholders’ equity (251,661 ) 681,913 430,252 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 979,148 543,643 1,522,791
RESTATEMENT EFFECTS ON ISSUED FINANCIAL STATEMENTS (Details 2)	Consolidated Statements of Operations for three months REVENUE A $ 99,821 $ (33,858 ) $ 65,963 Cost of revenue A (136,388 ) (103,199 ) (239,587 ) Gross Profit (36,567 ) (137,057 ) (173,624 ) General and administrative expenses A (353,480 ) 137,833 (215,647 ) Total operating expenses (353,480 ) 137,833 (215,647 ) Investment loss A - (20,731 ) (20,731 ) Interest expense A (302 ) (6,004 ) (6,306 ) Interest income A 60 83 143 Other income A (40 ) 4,646 4,606 Loss on loan settlement B - (509,177 ) (509,177 ) Total other expenses (282 ) (531,183 ) (531,465 ) NET LOSS (390,329 ) (530,407 ) (920,736 ) Consolidated Statements of Operations for the six months REVENUE A 119,015 (50,041 ) 68,974 Cost of revenue A (144,400 ) (95,187 ) (239,587 ) Gross Profit (25,385 ) (145,228 ) (170,613 ) General and administrative expenses A (633,336 ) 191,249 (442,087 ) Total operating expenses (633,336 ) 191,249 (442,087 ) Impairment of goodwill A (1,126,324 ) 1,126,324 - Investment loss A - (32,486 ) (32,486 ) Interest expense A (1,339 ) (6,004 ) (7,343 ) Interest income A 111 78 189 Other income A - 4,606 4,606 Loss on loan settlement B - (1,170,309 ) (1,170,309 ) Total other expenses (1,127,552 ) (77,791 ) (1,205,343 ) NET LOSS (1,786,273 ) (31,770 ) (1,818,043 )
RESTATEMENT EFFECTS ON ISSUED FINANCIAL STATEMENTS (Details 3)	Consolidated Statement of Cash Flows for the six months Net loss A,B $ (1,786,273 ) $ (31,770 ) $ (1,818,043 ) Depreciation of property, plant and equipment A 20,915 1,175 22,090 Amortization of ROU assets A - 17,082 17,082 Interest expense A - 7,343 7,343 Investment loss A - 32,486 32,486 Impairment of goodwill A 1,126,324 (1,126,324 ) - Loss on loan settlement B - 1,170,309 1,170,309 Change in operating assets and liabilities: Accounts receivable A (16,006 ) 824 (15,182 ) Deposits and prepayments A (320,130 ) 145,396 (174,734 ) Inventory A - (23,707 ) (23,707 ) Other receivable A (62,796 ) 34,722 (28,074 ) Other noncurrent assets A - (64,560 ) (64,560 ) Deferred revenue A - 19,760 19,760 Accounts payable A 25,741 4,197 29,938 Accrued liabilities and other payables A 33,916 20,112 54,028 Lease liabilities A - (71,849 ) (71,849 ) Income tax payable A - (25,000 ) (25,000 ) Net cash used in operating activities (978,309 ) 110,196 (868,113 ) Cash flows from investing activities: Purchase of property, plant and equipment A (18,169 ) (44,726 ) (62,895 ) Investment in a subsidiary A - (120,764 ) (120,764 ) Cash from acquisition of a subsidiary A 5,203 (5,203 ) - Net cash used in investing activities (12,966 ) (170,693 ) (183,659 ) Cash flows from financing activities: Repayment to related parties A (276,064 ) 42,030 (234,034 ) Proceeds from loans 927,087 - 927,087 Repayment of lease liability A (3,064 ) 3,064 - Net cash provided by financing activities 647,959 45,094 693,053 Effect on exchange rate change on cash and cash equivalents (12,233 ) 12,407 174 CASH AND CASH EQUIVALENTS - END OF PERIOD 148,630 (2,996 ) 145,634

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2021 and December 31, 2020: Schedule of Foreign Currency Translations
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2)	June 30, 2021 December 31, 2020 Period/year-end RMB:US$ exchange rate 6.4549 6.5276 Period/annual average RMB:US$ exchange rate 6.4697 6.9001 Period/year-end HK$:US$ exchange rate 7.7512 7.7525 Period/annual average HK$:US$ exchange rate 7.7610 7.7557 Period/year-end TWD:US$ exchange rate 27.8808 28.0772 Period/annual average TWD:US$ exchange rate 28.0113 29.4418

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 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	June 30, 2021 December 31, 2020 Leasehold improvements $ 38,730 $ - Service yacht 382,689 378,421 Motor vehicle 37,774 19,386 Office equipment 8,936 2,921 Property Plant and Equipment, Gross 468,129 400,728 Less: accumulated depreciation (178,334 ) (154,453 ) Property, plant and equipment, net $ 289,795 $ 246,275

DEPOSITS AND PREPAYMENTS (Table

DEPOSITS AND PREPAYMENTS (Tables)	6 Months Ended
	Jun. 30, 2021
Deposits And Prepayments
Schedule of Deposits and Prepayment	Deposits and prepayments consisted of the following: Schedule of Deposits and Prepayment
DEPOSITS AND PREPAYMENTS	June 30, 2021 December 31, 2020 Deposits $ - $ 77,213 Prepayments (a) 251,947 - Deposits and Prepayment, net $ 251,947 $ 77,213

ACCRUED LIABILITIES AND OTHER_2

ACCRUED LIABILITIES AND OTHER PAYABLE (Tables)	6 Months Ended
	Jun. 30, 2021
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities and Other Payable	Accrued expenses and other payable consisted of the following: Schedule of Accrued Liabilities and Other Payable
ACCRUED LIABILITIES AND OTHER PAYABLE	June 30, 2021 December 31, 2020 Accrued expenses $ 47,904 $ 30,343 Other payable (a) 57,746 40,034 Accrued liabilities and other payable $ 105,650 $ 70,377

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Schedule of Lease Liability	Supplemental balance sheet information related to leases as of June 30, 2021 and December 31, 2020 are as follows: Schedule of Lease Liability
LEASES	June 30, 2021 December 31, 2020 Right of use assets $ 578,678 $ - Current portion $ 70,829 $ 5,924 Non-current portion 472,283 4,261 Total $ 543,112 $ 10,185
Schedule of Maturities of Lease Liability	The following table summarizes the maturity of lease liabilities under operating leases as of June 30, 2021: Schedule of Maturities of Lease Liability
LEASES (Details 2)	For the twelve months ending June 30, Operating Leases 2022 $ 70,829 2023 103,283 2024 109,654 Thereafter 259,346 Total lease payments $ 543,112

NET LOSS PER SHARE OF COMMON _2

NET LOSS PER SHARE OF COMMON STOCK (Tables)	6 Months Ended
	Jun. 30, 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 June 30, For the six months ended June 30, 2021 2020 2021 2020 Net loss for basic and diluted attributable to Vivic Corp. $ (863,317 ) $ (280,135 ) $ (1,749,478 ) $ (353,000 ) Weighted average common stock outstanding 25,284,948 31,793,138 24,947,162 32,078,169 Net loss per share of common stock – basic and diluted $ (0.03 ) $ (0.01 ) $ (0.07 ) $ (0.01 )

RESTATEMENT EFFECTS ON ISSUED_3

RESTATEMENT EFFECTS ON ISSUED FINANCIAL STATEMENTS (Details) - USD ($)		Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounts receivables		$ 15,182
Deposits and prepayments		251,947		77,213
Inventory		23,707
Other current assets		82,092		54,018
Total current assets		518,562		635,410
Long-term investment		88,278
Property, plant and equipment, net		289,795		246,275
Operating lease right-of-use assets		578,678
Other noncurrent assets		47,478
TOTAL ASSETS		1,522,791		881,685
Accounts payable		42,411		12,473
Accrued liabilities and other payables		105,650		70,377
Due to related parties		289,431		523,465
Deferred revenue		19,760
Income tax payable		4,675		29,675
Operating lease liabilities-current		70,829		5,924
Total current liabilities		532,756		641,914
Operating lease liabilities-noncurrent		472,283		4,261
Promissory note		87,500		87,500
TOTAL LIABILITIES		1,092,539		733,675
Preferred stock		832		832
Common stock		25,402		24,470
Additional paid-in capital		3,437,619		1,341,155
Accumulated other comprehensive income (loss)		649		(2,240)
Accumulated deficit		(3,049,983)		(1,300,505)
Total Vivic Corp. shareholders’ equity		414,519		63,712
Non-controlling interest		15,733		84,298
Total shareholders’ equity		430,252	$ 370,546	148,010	$ (541,703)	$ (246,502)	$ (171,861)
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		1,522,791		$ 881,685
Previously Reported [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cash and cash equivalents	[1]	148,630
Accounts receivables	[1]	16,006
Deposits and prepayments	[1]	481,565
Inventory	[1]
Other current assets	[1]	86,701
Total current assets		732,902
Long-term investment	[1]
Property, plant and equipment, net	[1]	246,246
Operating lease right-of-use assets	[1]
Other noncurrent assets	[1]
TOTAL ASSETS		979,148
Accounts payable	[1]	41,835
Accrued liabilities and other payables	[1]	817,162
Due to related parties	[1]	247,401
Deferred revenue
Income tax payable	[1]	29,675
Operating lease liabilities-current	[1]	6,267
Total current liabilities		1,142,340
Operating lease liabilities-noncurrent	[1]	969
Promissory note		87,500
TOTAL LIABILITIES		1,230,809
Preferred stock		832
Common stock		25,402
Common stock to be issued	[1]	720,000
Additional paid-in capital	[2]	2,267,310
Accumulated other comprehensive income (loss)	[1]	14,681
Accumulated deficit	[1],[2]	(2,999,310)
Total Vivic Corp. shareholders’ equity		28,915
Non-controlling interest	[1]	(280,576)
Total shareholders’ equity		(251,661)
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		979,148
Scenario, Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cash and cash equivalents	[1]	(2,996)
Accounts receivables	[1]	(824)
Deposits and prepayments	[1]	(229,618)
Inventory	[1]	23,707
Other current assets	[1]	(4,609)
Total current assets		(214,340)
Long-term investment	[1]	88,278
Property, plant and equipment, net	[1]	43,549
Operating lease right-of-use assets	[1]	578,678
Other noncurrent assets	[1]	47,478
TOTAL ASSETS		543,643
Accounts payable	[1]	(576)
Accrued liabilities and other payables	[1]	(711,512)
Due to related parties	[1]	42,030
Deferred revenue		19,760
Income tax payable	[1]	(25,000)
Operating lease liabilities-current	[1]	64,562
Total current liabilities		(609,584)
Operating lease liabilities-noncurrent	[1]	471,314
Promissory note
TOTAL LIABILITIES		(138,270)
Preferred stock
Common stock
Common stock to be issued	[1]	(720,000)
Additional paid-in capital	[2]	1,170,309
Accumulated other comprehensive income (loss)	[1]	(14,032)
Accumulated deficit	[1],[2]	(50,673)
Total Vivic Corp. shareholders’ equity		385,604
Non-controlling interest	[1]	296,309
Total shareholders’ equity		681,913
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		543,643
Revision of Prior Period, Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cash and cash equivalents	[1]	145,634
Accounts receivables	[1]	15,182
Deposits and prepayments	[1]	251,947
Inventory	[1]	23,707
Other current assets	[1]	82,092
Total current assets		518,562
Long-term investment	[1]	88,278
Property, plant and equipment, net	[1]	289,795
Operating lease right-of-use assets	[1]	578,678
Other noncurrent assets	[1]	47,478
TOTAL ASSETS		1,522,791
Accounts payable	[1]	42,411
Accrued liabilities and other payables	[1]	105,650
Due to related parties	[1]	289,431
Deferred revenue		19,760
Income tax payable	[1]	4,675
Operating lease liabilities-current	[1]	70,829
Total current liabilities		532,756
Operating lease liabilities-noncurrent	[1]	472,283
Promissory note		87,500
TOTAL LIABILITIES		1,092,539
Preferred stock		832
Common stock		25,402
Common stock to be issued	[1]
Additional paid-in capital	[2]	3,437,619
Accumulated other comprehensive income (loss)	[1]	649
Accumulated deficit	[1],[2]	(3,049,983)
Total Vivic Corp. shareholders’ equity		414,519
Non-controlling interest	[1]	15,733
Total shareholders’ equity		430,252
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		$ 1,522,791
[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					6 Months Ended
		Jun. 30, 2021		Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021		Jun. 30, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
REVENUE		$ 65,963			$ 42,741		$ 68,974		$ 154,618
Cost of revenue		(239,587)			5,158		(239,587)
Gross Profit		(173,624)			47,899		(170,613)		154,618
General and administrative expenses		(215,647)			(358,394)		(442,087)		(534,741)
Total operating expenses		(215,647)			(358,394)		(442,087)		(534,741)
Investment loss		(20,731)					(32,486)
Interest expense		(6,306)			(350)		(7,343)		(740)
Interest income		143			44		189		61
Total other expenses		(531,465)			13,711		(1,205,343)		13,338
NET LOSS		(920,736)		$ (897,307)	$ (287,455)	$ (79,330)	(1,818,043)		$ (366,785)
Previously Reported [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
REVENUE	[1]	99,821					119,015
Cost of revenue	[1]	(136,388)					(144,400)
Gross Profit		(36,567)					(25,385)
General and administrative expenses	[1]	(353,480)					(633,336)
Total operating expenses		(353,480)					(633,336)
Investment loss	[1]
Interest expense	[1]	(302)					(1,339)
Interest income	[1]	60					111
Other income		(40)	[1]
Loss on loan settlement	[2]
Total other expenses		(282)					(1,127,552)
NET LOSS		(390,329)					(1,786,273)	[1],[2]
Impairment of goodwill	[1]						(1,126,324)
Scenario, Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
REVENUE	[1]	(33,858)					(50,041)
Cost of revenue	[1]	(103,199)					(95,187)
Gross Profit		(137,057)					(145,228)
General and administrative expenses	[1]	137,833					191,249
Total operating expenses		137,833					191,249
Investment loss	[1]	(20,731)					(32,486)
Interest expense	[1]	(6,004)					(6,004)
Interest income	[1]	83					78
Other income		4,646	[1]				4,606
Loss on loan settlement	[2]	(509,177)					(1,170,309)
Total other expenses		(531,183)					(77,791)
NET LOSS		(530,407)					(31,770)	[1],[2]
Impairment of goodwill	[1]						1,126,324
Revision of Prior Period, Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
REVENUE	[1]	65,963					68,974
Cost of revenue	[1]	(239,587)					(239,587)
Gross Profit		(173,624)					(170,613)
General and administrative expenses	[1]	(215,647)					(442,087)
Total operating expenses		(215,647)					(442,087)
Investment loss	[1]	(20,731)					(32,486)
Interest expense	[1]	(6,306)					(7,343)
Interest income	[1]	143					189
Other income		4,606	[1]				4,606
Loss on loan settlement	[2]	(509,177)					(1,170,309)
Total other expenses		(531,465)					(1,205,343)
NET LOSS		$ (920,736)					(1,818,043)	[1],[2]
Impairment of goodwill	[1]
[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				6 Months Ended
		Apr. 23, 2021	Mar. 05, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021		Jun. 30, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net loss				$ (920,736)	$ (897,307)	$ (287,455)	$ (79,330)	$ (1,818,043)		$ (366,785)
Depreciation of property, plant and equipment								22,090		18,489
Amortization of ROU assets								17,082
Interest expense								7,343
Investment loss				20,731				32,486
Change in operating assets and liabilities:
Accounts receivable								(15,182)		(34,000)
Deposits and prepayments								(174,734)		(64,749)
Inventory								(23,707)
Other receivable								(28,074)		(10,613)
Other noncurrent assets								(64,560)
Deferred revenue								19,760		(20,335)
Accounts payable								29,938		709
Accrued liabilities and other payables								54,028		(204,292)
Lease liabilities								(71,849)		(2,511)
Net cash used in operating activities								(868,113)		(693,118)
Cash flows from investing activities:
Purchase of property, plant and equipment								(62,895)
Investment in a subsidiary								(120,764)
Net cash used in investing activities								(183,659)
Cash flows from financing activities:
Repayment to related parties								(234,034)
Proceeds from loans		$ 462,888	$ 464,199					927,087
Net cash provided by financing activities								693,053		348,287
Effect on exchange rate change on cash and cash equivalents								174		$ (2,340)
Previously Reported [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net loss				(390,329)				(1,786,273)	[1],[2]
Depreciation of property, plant and equipment	[1]							20,915
Amortization of ROU assets	[1]
Interest expense	[1]
Investment loss	[1]
Impairment of goodwill	[1]							1,126,324
Loss on loan settlement	[2]
Change in operating assets and liabilities:
Accounts receivable	[1]							(16,006)
Deposits and prepayments	[1]							(320,130)
Inventory	[1]
Other receivable	[1]							(62,796)
Other noncurrent assets	[1]
Deferred revenue	[1]
Accounts payable	[1]							25,741
Accrued liabilities and other payables	[1]							33,916
Lease liabilities	[1]
Income tax payable	[1]
Net cash used in operating activities								(978,309)
Cash flows from investing activities:
Purchase of property, plant and equipment	[1]							(18,169)
Investment in a subsidiary	[1]
Cash from acquisition of a subsidiary	[1]							5,203
Net cash used in investing activities								(12,966)
Cash flows from financing activities:
Repayment to related parties	[1]							(276,064)
Proceeds from loans								927,087
Repayment of lease liability	[1]							(3,064)
Net cash provided by financing activities								647,959
Effect on exchange rate change on cash and cash equivalents								(12,233)
CASH AND CASH EQUIVALENTS - END OF PERIOD	[1]			148,630				148,630
Scenario, Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net loss				(530,407)				(31,770)	[1],[2]
Depreciation of property, plant and equipment	[1]							1,175
Amortization of ROU assets	[1]							17,082
Interest expense	[1]							7,343
Investment loss	[1]			20,731				32,486
Impairment of goodwill	[1]							(1,126,324)
Loss on loan settlement	[2]			509,177				1,170,309
Change in operating assets and liabilities:
Accounts receivable	[1]							824
Deposits and prepayments	[1]							145,396
Inventory	[1]							(23,707)
Other receivable	[1]							34,722
Other noncurrent assets	[1]							(64,560)
Deferred revenue	[1]							19,760
Accounts payable	[1]							4,197
Accrued liabilities and other payables	[1]							20,112
Lease liabilities	[1]							(71,849)
Income tax payable	[1]							(25,000)
Net cash used in operating activities								110,196
Cash flows from investing activities:
Purchase of property, plant and equipment	[1]							(44,726)
Investment in a subsidiary	[1]							(120,764)
Cash from acquisition of a subsidiary	[1]							(5,203)
Net cash used in investing activities								(170,693)
Cash flows from financing activities:
Repayment to related parties	[1]							42,030
Proceeds from loans
Repayment of lease liability	[1]							3,064
Net cash provided by financing activities								45,094
Effect on exchange rate change on cash and cash equivalents								12,407
CASH AND CASH EQUIVALENTS - END OF PERIOD	[1]			(2,996)				(2,996)
Revision of Prior Period, Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net loss				(920,736)				(1,818,043)	[1],[2]
Depreciation of property, plant and equipment	[1]							22,090
Amortization of ROU assets	[1]							17,082
Interest expense	[1]							7,343
Investment loss	[1]			20,731				32,486
Impairment of goodwill	[1]
Loss on loan settlement	[2]			509,177				1,170,309
Change in operating assets and liabilities:
Accounts receivable	[1]							(15,182)
Deposits and prepayments	[1]							(174,734)
Inventory	[1]							(23,707)
Other receivable	[1]							(28,074)
Other noncurrent assets	[1]							(64,560)
Deferred revenue	[1]							19,760
Accounts payable	[1]							29,938
Accrued liabilities and other payables	[1]							54,028
Lease liabilities	[1]							(71,849)
Income tax payable	[1]							(25,000)
Net cash used in operating activities								(868,113)
Cash flows from investing activities:
Purchase of property, plant and equipment	[1]							(62,895)
Investment in a subsidiary	[1]							(120,764)
Cash from acquisition of a subsidiary	[1]
Net cash used in investing activities								(183,659)
Cash flows from financing activities:
Repayment to related parties	[1]							(234,034)
Proceeds from loans								927,087
Repayment of lease liability	[1]
Net cash provided by financing activities								693,053
Effect on exchange rate change on cash and cash equivalents								174
CASH AND CASH EQUIVALENTS - END OF PERIOD	[1]			$ 145,634				$ 145,634
[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)	6 Months Ended
	Jun. 30, 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)	Jun. 30, 2021	Dec. 31, 2020
Period-End RMB:US Exchange Rate [Member]
Intercompany Foreign Currency Balance [Line Items]
Period/annual average TWD:US$ exchange rate	6.4549	6.5276
Period-Average RMB:US Exchange Rate [Member]
Intercompany Foreign Currency Balance [Line Items]
Period/annual average TWD:US$ exchange rate	6.4697	6.9001
Period-End HK:US Exchange Rate [Member]
Intercompany Foreign Currency Balance [Line Items]
Period/annual average TWD:US$ exchange rate	7.7512	7.7525
Period-Average HK:US Exchange Rate [Member]
Intercompany Foreign Currency Balance [Line Items]
Period/annual average TWD:US$ exchange rate	7.7610	7.7557
Period-End TWD:US Exchange Rate [Member]
Intercompany Foreign Currency Balance [Line Items]
Period/annual average TWD:US$ exchange rate	27.8808	28.0772
Period-Average TWD:US Exchange Rate [Member]
Intercompany Foreign Currency Balance [Line Items]
Period/annual average TWD:US$ exchange rate	28.0113	29.4418

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	6 Months Ended
	Jun. 30, 2021
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				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and Cash Equivalents, at Carrying Value	$ 145,634		$ 215,332		$ 145,634	$ 215,332	$ 504,179	$ 562,503
[custom:WorkingCapitalDeficit-0]	14,194				14,194
Net Income (Loss) Attributable to Parent	$ 920,736	$ 897,307	$ 287,455	$ 79,330	$ 1,818,043	$ 366,785

LONG-TERM INVESTMENT (Details N

LONG-TERM INVESTMENT (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Investments, All Other Investments [Abstract]
Payments to Acquire Interest in Subsidiaries and Affiliates			$ 120,764
Finance Lease, Impairment Loss	$ 20,731		$ 32,486

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property Plant and Equipment, Gross	$ 468,129	$ 400,728
Less: accumulated depreciation	(178,334)	(154,453)
Property, plant and equipment, net	289,795	246,275
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property Plant and Equipment, Gross	38,730
Service Yacht [Member]
Property, Plant and Equipment [Line Items]
Property Plant and Equipment, Gross	382,689	378,421
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property Plant and Equipment, Gross	37,774	19,386
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property Plant and Equipment, Gross	$ 8,936	$ 2,921

PROPERTY, PLANT AND EQUIPMENT_3

PROPERTY, PLANT AND EQUIPMENT (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Depreciation	$ 11,954	$ 9,195	$ 22,090	$ 18,489

DEPOSITS AND PREPAYMENTS (Detai

DEPOSITS AND PREPAYMENTS (Details) - USD ($)		Jun. 30, 2021	Dec. 31, 2020
Deposits And Prepayments
Deposits			$ 77,213
Prepayments	[1]	251,947
Deposits and Prepayment, net		$ 251,947	$ 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 ($)		Jun. 30, 2021	Dec. 31, 2020
Payables and Accruals [Abstract]
Accrued expenses		$ 47,904	$ 30,343
Other payable	[1]	57,746	40,034
Accrued liabilities and other payable		$ 105,650	$ 70,377
[1]The amount will be settled in next twelve months.

LEASES (Details)

LEASES (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Leases [Abstract]
Right of use assets	$ 578,678
Current portion	70,829	5,924
Non-current portion	472,283	4,261
Total	$ 543,112	$ 10,185

LEASES (Details 2)

LEASES (Details 2)	Jun. 30, 2021 USD ($)
Leases [Abstract]
2022	$ 70,829
2023	103,283
2024	109,654
Thereafter	259,346
Total lease payments	$ 543,112

SHAREHOLDERS_ (DEFICIT) EQUITY

SHAREHOLDERS’ (DEFICIT) EQUITY (Details Narrative) - USD ($)			3 Months Ended			6 Months Ended
	Apr. 23, 2021	Mar. 05, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred Stock, Shares Authorized			5,000,000			5,000,000		5,000,000
Common Stock, Shares Authorized			70,000,000			70,000,000		70,000,000
Preferred Stock, Par or Stated Value Per Share			$ 0.001			$ 0.001		$ 0.001
Common Stock, Par or Stated Value Per Share			$ 0.001			$ 0.001		$ 0.001
Preferred Stock, Shares Issued			832,000			832,000		832,000
Preferred Stock, Shares Outstanding			832,000			832,000		832,000
Payments for (Proceeds from) Loans and Leases	$ 462,888	$ 464,199				$ 927,087
Gain (Loss) on Extinguishment of Debt			$ 509,177			$ 1,170,309
Common Stock, Shares, Issued			25,401,942			25,401,942		24,470,166
Common Stock, Shares, Outstanding			25,401,942			25,401,942		24,470,166
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Debt Conversion, Converted Instrument, Shares Issued	462,888	468,888	462,888	468,888

NET LOSS PER SHARE OF COMMON _3

NET LOSS PER SHARE OF COMMON STOCK (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Earnings Per Share [Abstract]
Net loss for basic and diluted attributable to Vivic Corp.	$ (863,317)	$ (280,135)	$ (1,749,478)	$ (353,000)
Weighted average common stock outstanding -    Basic and Diluted	25,284,948	31,793,138	24,947,162	32,078,169
Net loss per share of common stock – basic and diluted	$ (0.03)	$ (0.01)	$ (0.07)	$ (0.01)

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Related Party Transaction [Line Items]
Due to Related Parties, Current	$ 289,431		$ 289,431		$ 523,465
Preferred Stock, Voting Rights			Each Preferred Share is entitled to fifty (50) votes.
Honetech Inc [Member]
Related Party Transaction [Line Items]
Professional Fees	0	$ 9,000	$ 9,000	$ 18,000
Go Right Holdings Limited [Member]
Related Party Transaction [Line Items]
Professional Fees	$ 0	$ 200,000	$ 46,003	$ 200,000

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)				3 Months Ended		6 Months Ended
	Aug. 03, 2021	Apr. 23, 2021	Mar. 05, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2021	Jun. 30, 2020
Subsequent Event [Line Items]
Payments for (Proceeds from) Loans and Leases		$ (462,888)	$ (464,199)			$ (927,087)
Common Stock [Member]
Subsequent Event [Line Items]
Debt Conversion, Converted Instrument, Shares Issued		462,888	468,888	462,888	468,888
Subsequent Event [Member]
Subsequent Event [Line Items]
Payments for (Proceeds from) Loans and Leases	$ 154,868
Subsequent Event [Member] | Common Stock [Member]
Subsequent Event [Line Items]
Debt Conversion, Converted Instrument, Shares Issued	154,868