Vivic (VIVC) 10-Q/A 15 Aug 22 2021 Q3 Quarterly report (amended) Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2021	Nov. 15, 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 September 30, 2021, amends the Form 10-Q that was originally filed with the U.S. Securities Exchange Commission on November 15, 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	Sep. 30, 2021
Document Fiscal Period Focus	Q3
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		25,556,810

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 49,015	$ 504,179
Accounts receivable, net	1,642
Deposits and prepayments	127,899	77,213
Inventory	160,159
Other current assets	76,325	54,018
Total current assets	415,040	635,410
Non-current assets:
Long-term investment	66,022
Property, plant and equipment, net	295,746	246,275
Construction in process	180,993
Operating lease right-of-use assets	552,519
Other noncurrent assets	42,540
TOTAL ASSETS	1,552,860	881,685
Current liabilities:
Accounts payable	71,481	12,473
Accrued liabilities and other payables	115,524	70,377
Due to related parties	289,782	523,465
Deferred revenue	71,285
Operating lease liabilities-current	105,180	5,924
Income tax payable	4,675	29,675
Total current liabilities	657,927	641,914
Non-current liabilities:
Operating lease liabilities-noncurrent	444,550	4,261
Promissory note	87,500	87,500
Total Liabilities	1,189,977	733,675
Shareholders’ equity
Preferred stock, $0.001 par value; 5,000,000 shares authorized; 832,000 shares issued and outstanding as of September 30, 2021 and December 31, 2020	832	832
Common stock, $0.001 par value; 70,000,000 shares authorized; 25,556,810 and 24,470,166 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively.	25,557	24,470
Additional paid-in capital	3,821,710	1,341,155
Accumulated other comprehensive income (loss)	600	(2,240)
Accumulated deficit	(3,410,365)	(1,300,505)
Total Vivic Corp. shareholders’ equity	438,334	63,712
Non-controlling interest	(75,451)	84,298
Total shareholders’ equity	362,883	148,010
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 1,552,860	$ 881,685

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Sep. 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	25,556,810	24,470,166
Common Stock, Shares, Outstanding	25,556,810	24,470,166

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Statement [Abstract]
REVENUE	$ 109,957	$ 43,233	$ 178,931	$ 197,851
Cost of revenue	(42,850)	(3,870)	(282,437)	(3,870)
Gross profit	67,107	39,363	(103,506)	193,981
Operating expenses:
General and administrative expenses	(321,310)	(341,450)	(763,397)	(875,825)
Total operating expenses	(321,310)	(341,450)	(763,397)	(875,825)
Loss from operations	(254,203)	(302,087)	(866,903)	(681,844)
Other expenses:
Impairment of goodwill	(89,559)		(89,559)
Investment loss	(22,190)		(54,676)
Interest income	56	13	245	74
Interest expense	(8,714)	(323)	(16,057)	(1,063)
Loss on loan settlement	(170,355)		(1,340,664)
Other income	170,658	75	175,264	13,726
Total other expenses	(120,104)	(235)	(1,325,447)	12,737
Loss before income taxes	(374,307)	(302,322)	(2,192,350)	(669,107)
Income taxes	459		459
NET LOSS	(374,766)	(302,322)	(2,192,809)	(669,107)
Net loss attributable to non-controlling interest	(14,384)	(9,374)	(82,949)	(23,159)
Net loss attributable to Vivic Corp.	(360,382)	(292,948)	(2,109,860)	(645,948)
Other comprehensive loss:
Foreign currency translation loss	(49)	(11,126)	2,840	(14,183)
COMRPEHENSIVE LOSS	$ (360,431)	$ (304,074)	$ (2,107,020)	$ (660,131)
Net loss per share – Basic and Diluted	$ (0.01)	$ (0.06)	$ (0.09)	$ (0.03)
Weighted average common shares outstanding – Basic and Diluted	25,496,209	5,227,222	25,132,189	21,870,914

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)
Shares, Outstanding, Beginning Balance 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)
Shares, Outstanding, Ending Balance 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)
Shares, Outstanding, Beginning Balance at Dec. 31, 2019	832,000	32,363,200
Foreign currency translation adjustment							(14,183)
Net loss							(669,107)
Shares issued for acquiring ownership of subsidiary
Ending balance, value at Sep. 30, 2020	$ 832	$ 24,470	1,341,155	(15,502)	(990,736)	92,946	453,165
Shares, Outstanding, Ending Balance at Sep. 30, 2020	832,000	24,470,166
Beginning balance, value at Mar. 31, 2020	$ 832	$ 32,363	24,946	3,370	(417,653)	109,640	(246,502)
Shares, Outstanding, Beginning Balance 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
Stock Repurchased and Retired During Period, Shares		(19,512,441)
Ending balance, value at Jun. 30, 2020	$ 832	$ 12,851	44,458	(4,376)	(697,788)	102,320	(541,703)
Shares, Outstanding, Ending Balance at Jun. 30, 2020	832,000	12,850,759
Foreign currency translation adjustment				(11,126)			(11,126)
Net loss					(298,948)	(9,374)	(302,322)
Cancellation of shares		$ (1,464)	1,464
Stock Repurchased and Retired During Period, Shares		(1,463,755)
Proceeds from issuance of common stock		$ 13,083	1,295,233				1,308,316
Proceeds from issuance of common stock, Shares		13,083,162
Ending balance, value at Sep. 30, 2020	$ 832	$ 24,470	1,341,155	(15,502)	(990,736)	92,946	453,165
Shares, Outstanding, Ending Balance at Sep. 30, 2020	832,000	24,470,166
Beginning balance, value at Dec. 31, 2020	$ 832	$ 24,470	1,341,155	(2,240)	(1,300,505)	84,298	148,010
Shares, Outstanding, Beginning Balance 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
Shares, Outstanding, Ending Balance 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
Shares, Outstanding, Beginning Balance at Dec. 31, 2020	832,000	24,470,166
Foreign currency translation adjustment							2,840
Net loss							(2,192,809)
Shares issued for acquiring ownership of subsidiary							120,698
Ending balance, value at Sep. 30, 2021	$ 832	$ 25,557	3,821,710	600	(3,410,365)	(75,451)	362,883
Shares, Outstanding, Ending Balance at Sep. 30, 2021	832,000	25,556,810
Beginning balance, value at Mar. 31, 2021	$ 832	$ 24,939	2,466,017	(7,728)	(2,186,666)	73,152	370,546
Shares, Outstanding, Beginning Balance 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
Shares, Outstanding, Ending Balance at Jun. 30, 2021	832,000	25,401,942
Foreign currency translation adjustment				(49)			(49)
Net loss					(360,382)	(14,384)	(374,766)
Shares issued for loan settlement		$ 155	325,068				325,223
Shares issued for loan settlement, Shares		154,868
Shares issued for acquiring ownership of subsidiary			59,023			(76,800)	(17,777)
Ending balance, value at Sep. 30, 2021	$ 832	$ 25,557	$ 3,821,710	$ 600	$ (3,410,365)	$ (75,451)	$ 362,883
Shares, Outstanding, Ending Balance at Sep. 30, 2021	832,000	25,556,810

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash flows from operating activities:
Net loss	$ (2,192,809)	$ (669,107)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation of property, plant and equipment	34,917	27,985
Amortization of right-of-use assets	43,030
Interest expense	16,057
Investment gain(loss)	54,676
Impairment of goodwill	89,559
Loss on loan settlement	1,340,664
Change in operating assets and liabilities:
Accounts receivable	(1,642)	(64,000)
Deposits and prepayments	(50,686)	(172,160)
Other receivable	(22,307)	(101,327)
Inventory	(160,159)
Other non-current assets	(85,570)
Deferred revenue	71,285	(29,979)
Accounts payable	59,008	2,460
Accrued liabilities and other payables	89,540	(199,324)
Income tax payable	(25,000)	(31,031)
Lease liabilities	(73,424)	(6,749)
Net cash used in operating activities	(812,861)	(1,243,232)
Cash flows from investing activities:
Investment in a subsidiary	(120,698)
Purchase of property, plant and equipment	(262,749)
Net cash used in investing activities	(383,447)
Cash flows from financing activities:
Repayment to related parties	(341,019)	(419,244)
Proceeds from issuance of common and preferred stocks		1,308,316
Proceeds from promissory note		87,500
Proceeds from loans	1,081,955
Net cash provided by financing activities	740,936	976,572
Effect on exchange rate change on cash and cash equivalents	208	(19,542)
NET CHANGE IN CASH AND CASH EQUIVALENTS	(455,164)	(286,202)
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD	504,179	562,503
CASH AND CASH EQUIVALENTS - END OF PERIOD	49,015	276,301
Supplemental Cash Flows Information:
Cash paid for interest	673	1,063
Cash paid for income tax	459	31,031
Supplemental Disclosure of Non-Cash Flows Information:
Common stock issued for loan settlement	$ 2,422,619

ORGANIZATION AND BUSINESS BACKG

ORGANIZATION AND BUSINESS BACKGROUND	9 Months Ended
	Sep. 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 nine months ended September 30, 2021, the Company has invested a total amount of $120,698 (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. On September 23, 2021, the Company acquired the additional 25% of Vivic Corporation (Hong Kong) Co., Limited. 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$2,159,440 100% 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	9 Months Ended
	Sep. 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 three 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 $1,340,664 during the three and nine months ended September 30, 2021. Second, In the three quarterly reports filed in 2021, the Company entered in an 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 nine months ended September 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 nine months ended September 30, 2021. Schedule of Restated Unaudited Consolidated Financial Statements As Previously Adjustment As Restated Consolidated Balance Sheet at September 30, 2021: Cash and cash equivalents A $ 61,370 $ (12,355 ) $ 49,015 Accounts receivables A 1,738 (96 ) 1,642 Deposits and prepayments A 330,767 (202,868 ) 127,899 Inventory A - 160,159 160,159 Other current assets A 63,802 12,523 76,325 Total current assets 457,677 (42,637 ) 415,040 Long-term investment A - 66,022 66,022 Property, plant and equipment, net A 380,426 (84,680 ) 295,746 Construction in process - 180,993 180,993 Operating lease right-of-use assets A - 552,519 552,519 Other noncurrent assets A - 42,540 42,540 TOTAL ASSETS 838,103 671,175 1,552,860 Accounts payable A $ 82,237 $ (10,756 ) $ 71,481 Accrued liabilities and other payables A 836,307 (720,783 ) 115,524 Deferred revenue A - 71,285 71,285 Due to related parties A 353,635 (63,853 ) 289,782 Operating lease liabilities-current A 5,639 99,541 105,180 Income tax payable 4,675 - 4,675 Total current liabilities 1,282,493 (624,566 ) 657,927 Operating lease liabilities-noncurrent A - 444,550 444,550 Total liabilities 1,369,993 (180,016 ) 1,189,977 Preferred stock 832 - 832 Common stock 25,557 - 25,557 Common stock to be issued A 720,000 (720,000 ) - Additional paid-in capital B 2,481,046 1,340,664 3,821,710 Accumulated other comprehensive income (loss) A 14,716 (14,116 ) 600 Accumulated deficit A,B (3,382,040 ) (28,325 ) (3,410,365 ) Total Vivic Corp. shareholders’ equity (139,889 ) 578,223 438,334 Non-controlling interest A (392,001 ) 316,550 (75,451 ) Total shareholders’ equity (531,890 ) 894,773 362,883 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 838,103 671,175 1,552,860 Consolidated Statements of Operations for three months REVENUE A $ 162,725 $ (52,768 ) $ 109,957 Cost of revenue A (46,050 ) 3,200 (42,850 ) Gross Profit 116,675 (49,568 ) 67,107 General and administrative expenses A (445,080 ) 123,770 (321,310 ) Total operating expenses (445,080 ) 123,770 (321,310 ) Impairment of goodwill (89,610 ) (51 ) (89,559 ) Investment loss A - (22,190 ) (22,190 ) Interest expense A (1,593 ) (7,121 ) (8,714 ) Interest income A 1,477 (1,421 ) 56 Other income A 1,235 169,423 170,658 Loss on loan settlement B - (170,355 ) (170,355 ) Total other expenses (88,491 ) (31,613 ) (120,104 ) Income taxes (459 ) - (459 ) NET LOSS (417,355 ) 42,589 (374,766 ) Consolidated Statements of Operations for the nine months REVENUE A 281,740 (102,809 ) 178,931 Cost of revenue A (190,450 ) (91,987 ) (282,437 ) Gross Profit 91,290 (194,796 ) (103,506 ) General and administrative expenses A (1,078,416 ) 315,019 (763,397 ) Total operating expenses (1,078,416 ) 315,019 (763,397 ) Impairment of goodwill A (1,215,934 ) 1,126,375 (89,559 ) Investment loss A (54,676 ) (54,676 ) Interest expense A (1,482 ) (14,575 ) (16,057 ) Interest income A 138 107 245 Other income A 1,235 174,029 175,264 Loss on loan settlement B - (1,340,664 ) (1,340,664 ) Total other expenses (1,216,043 ) (109,404 ) (1,325,447 ) Income taxes (459 ) - (459 ) NET LOSS (2,203,628 ) 10,819 (2,192,809 ) Consolidated Statement of Cash Flows for the nine months ended September 30, 2021: Net loss A,B $ (2,203,628 ) $ 10,819 $ (2,192,809 ) Depreciation of property, plant and equipment A 31,979 2,938 34,917 Amortization of ROU assets A - 43,030 43,030 Interest expense A - 16,057 16,057 Investment loss A - 54,676 54,676 Impairment of goodwill A 1,215,934 (1,126,375 ) 89,559 Loss on loan settlement B - 1,340,664 1,340,664 Change in operating assets and liabilities Accounts receivable A (1,738 ) 96 (1,642 ) Deposits and prepayments A (169,332 ) 118,646 (50,686 ) Inventory A - (160,159 ) (160,159 ) Other receivable A (39,897 ) 17,590 (22,307 ) Other noncurrent assets A - (85,570 ) (85,570 ) Deferred revenue A - 71,285 71,285 Accounts payable A 66,660 (7,652 ) 59,008 Accrued liabilities and other payables A 52,544 36,996 89,540 Lease liabilities A - (73,424 ) (73,424 ) Income tax payable (25,000 ) - (25,000 ) Net cash used in operating activities (1,072,478 ) 259,617 (812,861 ) Cash flows from investing activities Purchase of property, plant and equipment A (163,129 ) (99,620 ) (262,749 ) Investment in a subsidiary A - (120,698 ) (120,698 ) Cash from acquisition of a subsidiary A 9,168 (9,168 ) - Net cash used in investing activities (153,961 ) (229,486 ) (383,447 ) Cash flows from financing activities Repayment to related parties A (281,131 ) (59,888 ) (341,019 ) Repayment of lease liability A (4,658 ) 4,658 - Proceeds from loan 1,081,955 - 1,081,955 Net cash provided by financing activities 796,166 (55,230 ) 740,936 Effect on exchange rate change on cash and cash equivalents (12,536 ) 12,744 208 CASH AND CASH EQUIVALENTS - END OF PERIOD 61,370 (12,355 ) 49,015 (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	9 Months Ended
	Sep. 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 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 September 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 September 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 apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. 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 September 30, 2021 and December 31, 2020: Schedule of Foreign Currency Translations September 30, 2021 December 31, 2020 Period/year-end RMB:US$ exchange rate 6.4567 6.5276 Period/annual average RMB:US$ exchange rate 6.4694 6.9001 Period/year-end HK$:US$ exchange rate 7.7864 7.7525 Period/annual average HK$:US$ exchange rate 7.7665 7.7557 Period/year-end TWD:US$ exchange rate 27.8220 28.0772 Period/annual average TWD:US$ exchange rate 27.9557 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	9 Months Ended
	Sep. 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 $ 49,015 242,887 2,192,809 The continuation of the Company as a going concern through September 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.

BUSINESS COMBINATION

BUSINESS COMBINATION	9 Months Ended
	Sep. 30, 2021
Business Combination and Asset Acquisition [Abstract]
BUSINESS COMBINATION	NOTE － 5 BUSINESS COMBINATION On September 23, 2021, the Company completed the acquisition of 25% equity interest of Vivic Corporation (Hong Kong) Co., Limited (the “Acquisition”). The total consideration of the acquisition was $ 107,336 The purchase price allocation resulted in $ 89,559 Schedule of Business Acquisition Acquired assets: US$ Cash and cash equivalents $ 3,965 Prepayments 5,464 Amount due from holding company 5,436 Amount due from fellow subsidiary 22,394 Assets Acquired 37,259 Less: Assumed liabilities Accruals (48 ) Amount due to related party (19,434 ) Liabilities Assumed (19,482 ) Fair value of net assets acquired 17,777 Goodwill recorded 89,559 Cash consideration allocated $ 107,336 The Acquisition was accounted for as a business combination in accordance with ASC 805 “Business Combinations”. The Company has allocated the purchase price consideration based upon the fair value of the identifiable assets acquired and liabilities assumed on the acquisition date. Management of the Company is responsible for determining the fair value of assets acquired, liabilities assumed and intangible assets identified as of the acquisition date and considered a number of factors including valuations from management estimation. Acquisition-related costs incurred for the acquisitions are not material and have been expended as incurred in general and administrative expense. The goodwill was fully impaired during the nine months ended September 30, 2021, based on the management’s estimate.

LONG-TERM INVESTMENT

LONG-TERM INVESTMENT	9 Months Ended
	Sep. 30, 2021
Investments, All Other Investments [Abstract]
LONG-TERM INVESTMENT	NOTE－ 6 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 $231,861 (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 September 30, 2021, a total of $ 120,698 54,676

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	9 Months Ended
	Sep. 30, 2021
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	NOTE － 7 PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consisted of the following: Schedule of Property, Plant and Equipment September 30, 2021 December 31, 2020 Leasehold improvements $ 38,720 $ - Service yacht 382,580 378,421 Motor vehicle 56,642 19,386 Office equipment 8,941 2,921 Property Plant and Equipment, Gross 486,883 400,728 Less: accumulated depreciation (191,137 ) (154,453 ) Property，plant and equipment, net $ 295,746 $ 246,275 Depreciation expense for the three months ended September 30, 2021 and 2020 were $ 20,940 9,496 Depreciation expense for the nine months ended September 30, 2021 and 2020 were $ 43,030 27,985

DEPOSITS AND PREPAYMENTS

DEPOSITS AND PREPAYMENTS	9 Months Ended
	Sep. 30, 2021
Deposits And Prepayments
DEPOSITS AND PREPAYMENTS	NOTE － 8 DEPOSITS AND PREPAYMENTS Deposits and prepayments consisted of the following: Schedule of Deposits and Prepayment September 30, 2021 December 31, 2020 Deposits $ - $ 77,213 Prepayments (a) 127,899 - Deposits and Prepayment, net $ 127,899 $ 77,213 (a) The amount will be recognized as expenses in next twelve months.

ACCRUED LIABILITIES AND OTHER P

ACCRUED LIABILITIES AND OTHER PAYABLE	9 Months Ended
	Sep. 30, 2021
Payables and Accruals [Abstract]
ACCRUED LIABILITIES AND OTHER PAYABLE	NOTE － 9 ACCRUED LIABILITIES AND OTHER PAYABLE Accrued expenses and other payable consisted of the following: Schedule of Accrued Liabilities and Other Payable September 30, 2021 December 31, 2020 Accrued expenses $ 56,963 $ 30,343 Other payable (a) 58,561 40,034 Accrued liabilities and other payable $ 115,524 $ 70,377 (a) The amount will be settled in next twelve months.

LEASES

LEASES	9 Months Ended
	Sep. 30, 2021
Leases [Abstract]
LEASES	NOTE － 10 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 September 30, 2021 and December 31, 2020 are as follows: Schedule of Lease Liability September 30, 2021 December 31, 2020 Right of use assets $ 552,519 $ - Current portion $ 105,180 $ 5,924 Non-current portion 444,550 4,261 Total $ 549,730 $ 10,185 The following table summarizes the maturity of lease liabilities under operating leases as of September 30, 2021: Schedule of Maturities of Lease Liability For the twelve months ending September 30, Operating Leases 2022 $ 105,180 2023 98,528 2024 104,605 Thereafter 241,417 Total lease payments $ 549,730

PROMISSORY NOTE

PROMISSORY NOTE	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
PROMISSORY NOTE	NOTE － 11 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 September 30, 2021 and December 31, 2020. The accrued interest expense is $2,490 and $0 for the nine months ended September 30, 2021 and 2020, respectively.

SHAREHOLDERS_ (DEFICIT) EQUITY

SHAREHOLDERS’ (DEFICIT) EQUITY	9 Months Ended
	Sep. 30, 2021
Equity [Abstract]
SHAREHOLDERS’ (DEFICIT) EQUITY	NOTE － 12 SHAREHOLDERS’ (DEFICIT) EQUITY Authorized Shares The Company’s authorized shares are 5,000,000 70,000,000 0.001 Preferred Stock As of September 30, 2021 and December 31, 2020, the Company had a total of 832,000 Common Stock On March 5, 2021, the Company issued 468,888 464,199 On April 23, 2021, the Company issued 462,888 462,888 On August 3, 2021, the Company issued 154,868 154,868 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 $ 1,340,664 As of September 30, 2021 and December 31, 2020, the Company had a total of 25,556,810 24,470,166

NET LOSS PER SHARE OF COMMON ST

NET LOSS PER SHARE OF COMMON STOCK	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
NET LOSS PER SHARE OF COMMON STOCK	NOTE － 13 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 nine months ended September 30, 2021 and 2020: Schedule of Net Loss per Share For the three months ended September 30, For the nine months ended September 30, 2021 2020 2021 2020 Net loss for basic and diluted attributable to Vivic Corp. $ (360,382 ) $ (292,948 ) $ (2,109,860 ) $ (645,948 ) Weighted average common stock outstanding 25,496,209 5,227,222 25,132,189 21,870,914 Net loss per share of common stock – basic and diluted $ (0.01 ) $ (0.06 ) $ (0.09 ) $ (0.03 )

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE － 14 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 $ 289,782 523,465 The Company paid $ 0 69,000 9,000 87,000 Each Preferred Share is entitled to fifty (50) votes. The Company paid $ 0 110,501 46,003 310,501 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	9 Months Ended
	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE － 15 COMMITMENTS AND CONTINGENCIES As of September 30, 2021 and December 31, 2020, the Company has no material commitments and contingencies.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE － 16 SUBSEQUENT EVENTS In accordance with ASC Topic 855, “ Subsequent Events

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 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 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 September 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 September 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 apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. 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 September 30, 2021 and December 31, 2020: Schedule of Foreign Currency Translations September 30, 2021 December 31, 2020 Period/year-end RMB:US$ exchange rate 6.4567 6.5276 Period/annual average RMB:US$ exchange rate 6.4694 6.9001 Period/year-end HK$:US$ exchange rate 7.7864 7.7525 Period/annual average HK$:US$ exchange rate 7.7665 7.7557 Period/year-end TWD:US$ exchange rate 27.8220 28.0772 Period/annual average TWD:US$ exchange rate 27.9557 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)	9 Months Ended
	Sep. 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 nine months ended September 30, 2021. Schedule of Restated Unaudited Consolidated Financial Statements
RESTATEMENT EFFECTS ON ISSUED FINANCIAL STATEMENTS	As Previously Adjustment As Restated Consolidated Balance Sheet at September 30, 2021: Cash and cash equivalents A $ 61,370 $ (12,355 ) $ 49,015 Accounts receivables A 1,738 (96 ) 1,642 Deposits and prepayments A 330,767 (202,868 ) 127,899 Inventory A - 160,159 160,159 Other current assets A 63,802 12,523 76,325 Total current assets 457,677 (42,637 ) 415,040 Long-term investment A - 66,022 66,022 Property, plant and equipment, net A 380,426 (84,680 ) 295,746 Construction in process - 180,993 180,993 Operating lease right-of-use assets A - 552,519 552,519 Other noncurrent assets A - 42,540 42,540 TOTAL ASSETS 838,103 671,175 1,552,860 Accounts payable A $ 82,237 $ (10,756 ) $ 71,481 Accrued liabilities and other payables A 836,307 (720,783 ) 115,524 Deferred revenue A - 71,285 71,285 Due to related parties A 353,635 (63,853 ) 289,782 Operating lease liabilities-current A 5,639 99,541 105,180 Income tax payable 4,675 - 4,675 Total current liabilities 1,282,493 (624,566 ) 657,927 Operating lease liabilities-noncurrent A - 444,550 444,550 Total liabilities 1,369,993 (180,016 ) 1,189,977 Preferred stock 832 - 832 Common stock 25,557 - 25,557 Common stock to be issued A 720,000 (720,000 ) - Additional paid-in capital B 2,481,046 1,340,664 3,821,710 Accumulated other comprehensive income (loss) A 14,716 (14,116 ) 600 Accumulated deficit A,B (3,382,040 ) (28,325 ) (3,410,365 ) Total Vivic Corp. shareholders’ equity (139,889 ) 578,223 438,334 Non-controlling interest A (392,001 ) 316,550 (75,451 ) Total shareholders’ equity (531,890 ) 894,773 362,883 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 838,103 671,175 1,552,860
RESTATEMENT EFFECTS ON ISSUED FINANCIAL STATEMENTS (Details 2)	Consolidated Statements of Operations for three months REVENUE A $ 162,725 $ (52,768 ) $ 109,957 Cost of revenue A (46,050 ) 3,200 (42,850 ) Gross Profit 116,675 (49,568 ) 67,107 General and administrative expenses A (445,080 ) 123,770 (321,310 ) Total operating expenses (445,080 ) 123,770 (321,310 ) Impairment of goodwill (89,610 ) (51 ) (89,559 ) Investment loss A - (22,190 ) (22,190 ) Interest expense A (1,593 ) (7,121 ) (8,714 ) Interest income A 1,477 (1,421 ) 56 Other income A 1,235 169,423 170,658 Loss on loan settlement B - (170,355 ) (170,355 ) Total other expenses (88,491 ) (31,613 ) (120,104 ) Income taxes (459 ) - (459 ) NET LOSS (417,355 ) 42,589 (374,766 ) Consolidated Statements of Operations for the nine months REVENUE A 281,740 (102,809 ) 178,931 Cost of revenue A (190,450 ) (91,987 ) (282,437 ) Gross Profit 91,290 (194,796 ) (103,506 ) General and administrative expenses A (1,078,416 ) 315,019 (763,397 ) Total operating expenses (1,078,416 ) 315,019 (763,397 ) Impairment of goodwill A (1,215,934 ) 1,126,375 (89,559 ) Investment loss A (54,676 ) (54,676 ) Interest expense A (1,482 ) (14,575 ) (16,057 ) Interest income A 138 107 245 Other income A 1,235 174,029 175,264 Loss on loan settlement B - (1,340,664 ) (1,340,664 ) Total other expenses (1,216,043 ) (109,404 ) (1,325,447 ) Income taxes (459 ) - (459 ) NET LOSS (2,203,628 ) 10,819 (2,192,809 )
RESTATEMENT EFFECTS ON ISSUED FINANCIAL STATEMENTS (Details 3)	Consolidated Statement of Cash Flows for the nine months ended September 30, 2021: Net loss A,B $ (2,203,628 ) $ 10,819 $ (2,192,809 ) Depreciation of property, plant and equipment A 31,979 2,938 34,917 Amortization of ROU assets A - 43,030 43,030 Interest expense A - 16,057 16,057 Investment loss A - 54,676 54,676 Impairment of goodwill A 1,215,934 (1,126,375 ) 89,559 Loss on loan settlement B - 1,340,664 1,340,664 Change in operating assets and liabilities Accounts receivable A (1,738 ) 96 (1,642 ) Deposits and prepayments A (169,332 ) 118,646 (50,686 ) Inventory A - (160,159 ) (160,159 ) Other receivable A (39,897 ) 17,590 (22,307 ) Other noncurrent assets A - (85,570 ) (85,570 ) Deferred revenue A - 71,285 71,285 Accounts payable A 66,660 (7,652 ) 59,008 Accrued liabilities and other payables A 52,544 36,996 89,540 Lease liabilities A - (73,424 ) (73,424 ) Income tax payable (25,000 ) - (25,000 ) Net cash used in operating activities (1,072,478 ) 259,617 (812,861 ) Cash flows from investing activities Purchase of property, plant and equipment A (163,129 ) (99,620 ) (262,749 ) Investment in a subsidiary A - (120,698 ) (120,698 ) Cash from acquisition of a subsidiary A 9,168 (9,168 ) - Net cash used in investing activities (153,961 ) (229,486 ) (383,447 ) Cash flows from financing activities Repayment to related parties A (281,131 ) (59,888 ) (341,019 ) Repayment of lease liability A (4,658 ) 4,658 - Proceeds from loan 1,081,955 - 1,081,955 Net cash provided by financing activities 796,166 (55,230 ) 740,936 Effect on exchange rate change on cash and cash equivalents (12,536 ) 12,744 208 CASH AND CASH EQUIVALENTS - END OF PERIOD 61,370 (12,355 ) 49,015

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 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 September 30, 2021 and December 31, 2020: Schedule of Foreign Currency Translations
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2)	September 30, 2021 December 31, 2020 Period/year-end RMB:US$ exchange rate 6.4567 6.5276 Period/annual average RMB:US$ exchange rate 6.4694 6.9001 Period/year-end HK$:US$ exchange rate 7.7864 7.7525 Period/annual average HK$:US$ exchange rate 7.7665 7.7557 Period/year-end TWD:US$ exchange rate 27.8220 28.0772 Period/annual average TWD:US$ exchange rate 27.9557 29.4418

BUSINESS COMBINATION (Tables)

BUSINESS COMBINATION (Tables)	9 Months Ended
	Sep. 30, 2021
Business Combination and Asset Acquisition [Abstract]
Schedule of Business Acquisition	On September 23, 2021, the Company completed the acquisition of 25% equity interest of Vivic Corporation (Hong Kong) Co., Limited (the “Acquisition”). The total consideration of the acquisition was $ 107,336 The purchase price allocation resulted in $ 89,559 Schedule of Business Acquisition
BUSINESS COMBINATION	Acquired assets: US$ Cash and cash equivalents $ 3,965 Prepayments 5,464 Amount due from holding company 5,436 Amount due from fellow subsidiary 22,394 Assets Acquired 37,259 Less: Assumed liabilities Accruals (48 ) Amount due to related party (19,434 ) Liabilities Assumed (19,482 ) Fair value of net assets acquired 17,777 Goodwill recorded 89,559 Cash consideration allocated $ 107,336

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	9 Months Ended
	Sep. 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	September 30, 2021 December 31, 2020 Leasehold improvements $ 38,720 $ - Service yacht 382,580 378,421 Motor vehicle 56,642 19,386 Office equipment 8,941 2,921 Property Plant and Equipment, Gross 486,883 400,728 Less: accumulated depreciation (191,137 ) (154,453 ) Property，plant and equipment, net $ 295,746 $ 246,275

DEPOSITS AND PREPAYMENTS (Table

DEPOSITS AND PREPAYMENTS (Tables)	9 Months Ended
	Sep. 30, 2021
Deposits And Prepayments
Schedule of Deposits and Prepayment	Deposits and prepayments consisted of the following: Schedule of Deposits and Prepayment September 30, 2021 December 31, 2020 Deposits $ - $ 77,213 Prepayments (a) 127,899 - Deposits and Prepayment, net $ 127,899 $ 77,213 (a) The amount will be recognized as expenses in next twelve months.

ACCRUED LIABILITIES AND OTHER_2

ACCRUED LIABILITIES AND OTHER PAYABLE (Tables)	9 Months Ended
	Sep. 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	September 30, 2021 December 31, 2020 Accrued expenses $ 56,963 $ 30,343 Other payable (a) 58,561 40,034 Accrued liabilities and other payable $ 115,524 $ 70,377

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2021
Leases [Abstract]
Schedule of Lease Liability	Supplemental balance sheet information related to leases as of September 30, 2021 and December 31, 2020 are as follows: Schedule of Lease Liability
LEASES	September 30, 2021 December 31, 2020 Right of use assets $ 552,519 $ - Current portion $ 105,180 $ 5,924 Non-current portion 444,550 4,261 Total $ 549,730 $ 10,185
Schedule of Maturities of Lease Liability	The following table summarizes the maturity of lease liabilities under operating leases as of September 30, 2021: Schedule of Maturities of Lease Liability
LEASES (Details 2)	For the twelve months ending September 30, Operating Leases 2022 $ 105,180 2023 98,528 2024 104,605 Thereafter 241,417 Total lease payments $ 549,730

NET LOSS PER SHARE OF COMMON _2

NET LOSS PER SHARE OF COMMON STOCK (Tables)	9 Months Ended
	Sep. 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 September 30, For the nine months ended September 30, 2021 2020 2021 2020 Net loss for basic and diluted attributable to Vivic Corp. $ (360,382 ) $ (292,948 ) $ (2,109,860 ) $ (645,948 ) Weighted average common stock outstanding 25,496,209 5,227,222 25,132,189 21,870,914 Net loss per share of common stock – basic and diluted $ (0.01 ) $ (0.06 ) $ (0.09 ) $ (0.03 )

RESTATEMENT EFFECTS ON ISSUED_3

RESTATEMENT EFFECTS ON ISSUED FINANCIAL STATEMENTS (Details) - USD ($)		Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounts receivables		$ 1,642
Deposits and prepayments		127,899			77,213
Inventory		160,159
Other current assets		76,325			54,018
Total current assets		415,040			635,410
Long-term investment		66,022
Property, plant and equipment, net		295,746			246,275
Construction in process		180,993
Operating lease right-of-use assets		552,519
Other noncurrent assets		42,540
TOTAL ASSETS		1,552,860			881,685
Accounts payable		71,481			12,473
Accrued liabilities and other payables		115,524			70,377
Deferred revenue		71,285
Due to related parties		289,782			523,465
Operating lease liabilities-current		105,180			5,924
Income tax payable		4,675			29,675
Total current liabilities		657,927			641,914
Operating lease liabilities-noncurrent		444,550			4,261
Total liabilities		1,189,977			733,675
Preferred stock		832			832
Common stock		25,557			24,470
Additional paid-in capital		3,821,710			1,341,155
Accumulated other comprehensive income (loss)		600			(2,240)
Accumulated deficit		(3,410,365)			(1,300,505)
Total Vivic Corp. shareholders’ equity		438,334			63,712
Non-controlling interest		(75,451)			84,298
Total shareholders’ equity		362,883	$ 430,252	$ 370,546	148,010	$ 453,165	$ (541,703)	$ (246,502)	$ (171,861)
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		1,552,860			$ 881,685
Previously Reported [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cash and cash equivalents	[1]	61,370
Accounts receivables	[1]	1,738
Deposits and prepayments	[1]	330,767
Inventory	[1]
Other current assets	[1]	63,802
Total current assets		457,677
Long-term investment	[1]
Property, plant and equipment, net	[1]	380,426
Construction in process
Operating lease right-of-use assets	[1]
Other noncurrent assets	[1]
TOTAL ASSETS		838,103
Accounts payable	[1]	82,237
Accrued liabilities and other payables	[1]	836,307
Deferred revenue	[1]
Due to related parties	[1]	353,635
Operating lease liabilities-current	[1]	5,639
Income tax payable		4,675
Total current liabilities		1,282,493
Operating lease liabilities-noncurrent	[1]
Total liabilities		1,369,993
Preferred stock		832
Common stock		25,557
Common stock to be issued	[1]	720,000
Additional paid-in capital	[2]	2,481,046
Accumulated other comprehensive income (loss)	[1]	14,716
Accumulated deficit	[1],[2]	(3,382,040)
Total Vivic Corp. shareholders’ equity		(139,889)
Non-controlling interest	[1]	(392,001)
Total shareholders’ equity		(531,890)
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		838,103
Scenario, Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cash and cash equivalents	[1]	(12,355)
Accounts receivables	[1]	(96)
Deposits and prepayments	[1]	(202,868)
Inventory	[1]	160,159
Other current assets	[1]	12,523
Total current assets		(42,637)
Long-term investment	[1]	66,022
Property, plant and equipment, net	[1]	(84,680)
Construction in process		180,993
Operating lease right-of-use assets	[1]	552,519
Other noncurrent assets	[1]	42,540
TOTAL ASSETS		671,175
Accounts payable	[1]	(10,756)
Accrued liabilities and other payables	[1]	(720,783)
Deferred revenue	[1]	71,285
Due to related parties	[1]	(63,853)
Operating lease liabilities-current	[1]	99,541
Income tax payable
Total current liabilities		(624,566)
Operating lease liabilities-noncurrent	[1]	444,550
Total liabilities		(180,016)
Preferred stock
Common stock
Common stock to be issued	[1]	(720,000)
Additional paid-in capital	[2]	1,340,664
Accumulated other comprehensive income (loss)	[1]	(14,116)
Accumulated deficit	[1],[2]	(28,325)
Total Vivic Corp. shareholders’ equity		578,223
Non-controlling interest	[1]	316,550
Total shareholders’ equity		894,773
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		671,175
Revision of Prior Period, Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cash and cash equivalents	[1]	49,015
Accounts receivables	[1]	1,642
Deposits and prepayments	[1]	127,899
Inventory	[1]	160,159
Other current assets	[1]	76,325
Total current assets		415,040
Long-term investment	[1]	66,022
Property, plant and equipment, net	[1]	295,746
Construction in process		180,993
Operating lease right-of-use assets	[1]	552,519
Other noncurrent assets	[1]	42,540
TOTAL ASSETS		1,552,860
Accounts payable	[1]	71,481
Accrued liabilities and other payables	[1]	115,524
Deferred revenue	[1]	71,285
Due to related parties	[1]	289,782
Operating lease liabilities-current	[1]	105,180
Income tax payable		4,675
Total current liabilities		657,927
Operating lease liabilities-noncurrent	[1]	444,550
Total liabilities		1,189,977
Preferred stock		832
Common stock		25,557
Common stock to be issued	[1]
Additional paid-in capital	[2]	3,821,710
Accumulated other comprehensive income (loss)	[1]	600
Accumulated deficit	[1],[2]	(3,410,365)
Total Vivic Corp. shareholders’ equity		438,334
Non-controlling interest	[1]	(75,451)
Total shareholders’ equity		362,883
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		$ 1,552,860
[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						9 Months Ended
		Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2021		Sep. 30, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
REVENUE		$ 109,957			$ 43,233			$ 178,931		$ 197,851
Cost of revenue		(42,850)			(3,870)			(282,437)		(3,870)
Gross Profit		67,107			39,363			(103,506)		193,981
General and administrative expenses		(321,310)			(341,450)			(763,397)		(875,825)
Total operating expenses		(321,310)			(341,450)			(763,397)		(875,825)
Impairment of goodwill		89,559						89,559
Investment loss		(22,190)						(54,676)
Interest expense		(8,714)			(323)			(16,057)		(1,063)
Interest income		56			13			245		74
Total other expenses		(120,104)			(235)			(1,325,447)		12,737
Income taxes		459						459
NET LOSS		(374,766)	$ (920,736)	$ (897,307)	$ (302,322)	$ (287,455)	$ (79,330)	(2,192,809)		$ (669,107)
Previously Reported [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
REVENUE	[1]	162,725						281,740
Cost of revenue	[1]	(46,050)						(190,450)
Gross Profit		116,675						91,290
General and administrative expenses	[1]	(445,080)						(1,078,416)
Total operating expenses		(445,080)						(1,078,416)
Impairment of goodwill		(89,610)						(1,215,934)	[1]
Investment loss	[1]
Interest expense	[1]	(1,593)						(1,482)
Interest income	[1]	1,477						138
Other income	[1]	1,235						1,235
Loss on loan settlement	[2]
Total other expenses		(88,491)						(1,216,043)
Income taxes		(459)						(459)
NET LOSS		(417,355)						(2,203,628)	[1],[2]
Scenario, Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
REVENUE	[1]	(52,768)						(102,809)
Cost of revenue	[1]	3,200						(91,987)
Gross Profit		(49,568)						(194,796)
General and administrative expenses	[1]	123,770						315,019
Total operating expenses		123,770						315,019
Impairment of goodwill		(51)						1,126,375	[1]
Investment loss	[1]	(22,190)						(54,676)
Interest expense	[1]	(7,121)						(14,575)
Interest income	[1]	(1,421)						107
Other income	[1]	169,423						174,029
Loss on loan settlement	[2]	(170,355)						(1,340,664)
Total other expenses		(31,613)						(109,404)
Income taxes
NET LOSS		42,589						10,819	[1],[2]
Revision of Prior Period, Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
REVENUE	[1]	109,957						178,931
Cost of revenue	[1]	(42,850)						(282,437)
Gross Profit		67,107						(103,506)
General and administrative expenses	[1]	(321,310)						(763,397)
Total operating expenses		(321,310)						(763,397)
Impairment of goodwill		(89,559)						(89,559)	[1]
Investment loss	[1]	(22,190)						(54,676)
Interest expense	[1]	(8,714)						(16,057)
Interest income	[1]	56						245
Other income	[1]	170,658						175,264
Loss on loan settlement	[2]	(170,355)						(1,340,664)
Total other expenses		(120,104)						(1,325,447)
Income taxes		(459)						(459)
NET LOSS		$ (374,766)						$ (2,192,809)	[1],[2]
[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						9 Months Ended
		Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2021		Sep. 30, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net loss		$ (374,766)	$ (920,736)	$ (897,307)	$ (302,322)	$ (287,455)	$ (79,330)	$ (2,192,809)		$ (669,107)
Depreciation of property, plant and equipment								34,917		27,985
Amortization of ROU assets								43,030
Interest expense								16,057
Investment loss		22,190						54,676
Impairment of goodwill		(89,559)						(89,559)
Change in operating assets and liabilities
Accounts receivable								(1,642)		(64,000)
Deposits and prepayments								(50,686)		(172,160)
Inventory								(160,159)
Other receivable								(22,307)		(101,327)
Other noncurrent assets								(85,570)
Deferred revenue								71,285		(29,979)
Accounts payable								59,008		2,460
Accrued liabilities and other payables								89,540		(199,324)
Lease liabilities								(73,424)		(6,749)
Net cash used in operating activities								(812,861)		(1,243,232)
Cash flows from investing activities
Purchase of property, plant and equipment								(262,749)
Investment in a subsidiary		17,777						(120,698)
Net cash used in investing activities								(383,447)
Cash flows from financing activities
Repayment to related parties								(341,019)		(419,244)
Net cash provided by financing activities								740,936		976,572
Effect on exchange rate change on cash and cash equivalents								208		$ (19,542)
Previously Reported [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net loss		(417,355)						(2,203,628)	[1],[2]
Depreciation of property, plant and equipment	[1]							31,979
Amortization of ROU assets	[1]
Interest expense	[1]
Investment loss	[1]
Impairment of goodwill		89,610						1,215,934	[1]
Loss on loan settlement	[2]
Change in operating assets and liabilities
Accounts receivable	[1]							(1,738)
Deposits and prepayments	[1]							(169,332)
Inventory	[1]
Other receivable	[1]							(39,897)
Other noncurrent assets	[1]
Deferred revenue	[1]
Accounts payable	[1]							66,660
Accrued liabilities and other payables	[1]							52,544
Lease liabilities	[1]
Income tax payable								(25,000)
Net cash used in operating activities								(1,072,478)
Cash flows from investing activities
Purchase of property, plant and equipment	[1]							(163,129)
Investment in a subsidiary	[1]
Cash from acquisition of a subsidiary	[1]							9,168
Net cash used in investing activities								(153,961)
Cash flows from financing activities
Repayment to related parties	[1]							(281,131)
Repayment of lease liability	[1]							(4,658)
Proceeds from loan								1,081,955
Net cash provided by financing activities								796,166
Effect on exchange rate change on cash and cash equivalents								(12,536)
CASH AND CASH EQUIVALENTS - END OF PERIOD	[1]	61,370						61,370
Scenario, Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net loss		42,589						10,819	[1],[2]
Depreciation of property, plant and equipment	[1]							2,938
Amortization of ROU assets	[1]							43,030
Interest expense	[1]							16,057
Investment loss	[1]	22,190						54,676
Impairment of goodwill		51						(1,126,375)	[1]
Loss on loan settlement	[2]	170,355						1,340,664
Change in operating assets and liabilities
Accounts receivable	[1]							96
Deposits and prepayments	[1]							118,646
Inventory	[1]							(160,159)
Other receivable	[1]							17,590
Other noncurrent assets	[1]							(85,570)
Deferred revenue	[1]							71,285
Accounts payable	[1]							(7,652)
Accrued liabilities and other payables	[1]							36,996
Lease liabilities	[1]							(73,424)
Income tax payable
Net cash used in operating activities								259,617
Cash flows from investing activities
Purchase of property, plant and equipment	[1]							(99,620)
Investment in a subsidiary	[1]							(120,698)
Cash from acquisition of a subsidiary	[1]							(9,168)
Net cash used in investing activities								(229,486)
Cash flows from financing activities
Repayment to related parties	[1]							(59,888)
Repayment of lease liability	[1]							4,658
Proceeds from loan
Net cash provided by financing activities								(55,230)
Effect on exchange rate change on cash and cash equivalents								12,744
CASH AND CASH EQUIVALENTS - END OF PERIOD	[1]	(12,355)						(12,355)
Revision of Prior Period, Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net loss		(374,766)						(2,192,809)	[1],[2]
Depreciation of property, plant and equipment	[1]							34,917
Amortization of ROU assets	[1]							43,030
Interest expense	[1]							16,057
Investment loss	[1]	22,190						54,676
Impairment of goodwill		89,559						89,559	[1]
Loss on loan settlement	[2]	170,355						1,340,664
Change in operating assets and liabilities
Accounts receivable	[1]							(1,642)
Deposits and prepayments	[1]							(50,686)
Inventory	[1]							(160,159)
Other receivable	[1]							(22,307)
Other noncurrent assets	[1]							(85,570)
Deferred revenue	[1]							71,285
Accounts payable	[1]							59,008
Accrued liabilities and other payables	[1]							89,540
Lease liabilities	[1]							(73,424)
Income tax payable								(25,000)
Net cash used in operating activities								(812,861)
Cash flows from investing activities
Purchase of property, plant and equipment	[1]							(262,749)
Investment in a subsidiary	[1]							(120,698)
Cash from acquisition of a subsidiary	[1]
Net cash used in investing activities								(383,447)
Cash flows from financing activities
Repayment to related parties	[1]							(341,019)
Repayment of lease liability	[1]
Proceeds from loan								1,081,955
Net cash provided by financing activities								740,936
Effect on exchange rate change on cash and cash equivalents								208
CASH AND CASH EQUIVALENTS - END OF PERIOD	[1]	$ 49,015						$ 49,015
[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)	9 Months Ended
	Sep. 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)	Sep. 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	6.4567	6.5276
Period-Average RMB:US Exchange Rate [Member]
Intercompany Foreign Currency Balance [Line Items]
Period/annual average TWD:US$ exchange rate	6.4694	6.9001
Period-End HK:US Exchange Rate [Member]
Intercompany Foreign Currency Balance [Line Items]
Period/annual average TWD:US$ exchange rate	7.7864	7.7525
Period-Average HK:US Exchange Rate [Member]
Intercompany Foreign Currency Balance [Line Items]
Period/annual average TWD:US$ exchange rate	7.7665	7.7557
Period-End TWD:US Exchange Rate [Member]
Intercompany Foreign Currency Balance [Line Items]
Period/annual average TWD:US$ exchange rate	27.8220	28.0772
Period-Average TWD:US Exchange Rate [Member]
Intercompany Foreign Currency Balance [Line Items]
Period/annual average TWD:US$ exchange rate	27.9557	29.4418

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	9 Months Ended
	Sep. 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						9 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and Cash Equivalents, at Carrying Value	$ 49,015			$ 276,301			$ 49,015	$ 276,301	$ 504,179	$ 562,503
[custom:WorkingCapitalDeficit-0]	242,887						242,887
Net Income (Loss) Attributable to Parent	$ 374,766	$ 920,736	$ 897,307	$ 302,322	$ 287,455	$ 79,330	$ 2,192,809	$ 669,107

BUSINESS COMBINATION (Details)

BUSINESS COMBINATION (Details) - Vivic Corporation Hong Kong Co Limited [Member]	Sep. 23, 2021 USD ($)
Acquired assets:
Cash and cash equivalents	$ 3,965
Prepayments	5,464
Amount due from holding company	5,436
Amount due from fellow subsidiary	22,394
Assets Acquired	37,259
Less: Assumed liabilities
Accruals	(48)
Amount due to related party	(19,434)
Liabilities Assumed	(19,482)
Fair value of net assets acquired	17,777
Goodwill recorded	89,559
Cash consideration allocated	$ 107,336

BUSINESS COMBINATION (Details N

BUSINESS COMBINATION (Details Narrative)	Sep. 23, 2021 USD ($)
Vivic Corporation Hong Kong Co Limited [Member]
Business Acquisition [Line Items]
Goodwill	$ 89,559

LONG-TERM INVESTMENT (Details N

LONG-TERM INVESTMENT (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Investments, All Other Investments [Abstract]
Payments to Acquire Interest in Subsidiaries and Affiliates	$ (17,777)		$ 120,698
Finance Lease, Impairment Loss	$ 22,190		$ 54,676

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property Plant and Equipment, Gross	$ 486,883	$ 400,728
Less: accumulated depreciation	(191,137)	(154,453)
Property，plant and equipment, net	295,746	246,275
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property Plant and Equipment, Gross	38,720
Service Yacht [Member]
Property, Plant and Equipment [Line Items]
Property Plant and Equipment, Gross	382,580	378,421
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property Plant and Equipment, Gross	56,642	19,386
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property Plant and Equipment, Gross	$ 8,941	$ 2,921

PROPERTY, PLANT AND EQUIPMENT_3

PROPERTY, PLANT AND EQUIPMENT (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Mar. 31, 2020	Sep. 30, 2021	Sep. 30, 2020
Property, Plant and Equipment [Abstract]
Depreciation	$ 20,940	$ 9,496	$ 43,030	$ 27,985

Schedule of Deposits and Prepay

Schedule of Deposits and Prepayment (Details) - USD ($)		Sep. 30, 2021	Dec. 31, 2020
Deposits And Prepayments
Deposits			$ 77,213
Prepayments	[1]	127,899
Deposits and Prepayment, net		$ 127,899	$ 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 ($)		Sep. 30, 2021	Dec. 31, 2020
Payables and Accruals [Abstract]
Accrued expenses		$ 56,963	$ 30,343
Other payable	[1]	58,561	40,034
Accrued liabilities and other payable		$ 115,524	$ 70,377
[1]The amount will be settled in next twelve months.

LEASES (Details)

LEASES (Details) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Leases [Abstract]
Right of use assets	$ 552,519
Current portion	105,180	5,924
Non-current portion	444,550	4,261
Total	$ 549,730	$ 10,185

LEASES (Details 2)

LEASES (Details 2)	Sep. 30, 2021 USD ($)
Leases [Abstract]
2022	$ 105,180
2023	98,528
2024	104,605
Thereafter	241,417
Total lease payments	$ 549,730

SHAREHOLDERS_ (DEFICIT) EQUITY

SHAREHOLDERS’ (DEFICIT) EQUITY (Details Narrative) - USD ($)				3 Months Ended				9 Months Ended
	Aug. 03, 2021	Apr. 23, 2021	Mar. 05, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 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
Debt Conversion, Converted Instrument, Shares Issued	154,868
Payments for (Proceeds from) Loans and Leases		$ 462,888	$ 464,199					$ 1,081,955
Payments for (Proceeds from) Loans and Leases		$ (462,888)	$ (464,199)					(1,081,955)
Gain (Loss) on Extinguishment of Debt				$ 170,355				$ 1,340,664
Common Stock, Shares, Issued				25,556,810				25,556,810		24,470,166
Common Stock, Shares, Outstanding				25,556,810				25,556,810		24,470,166
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Debt Conversion, Converted Instrument, Shares Issued		462,888	468,888	154,868	462,888	468,888
Payments for (Proceeds from) Loans and Leases	$ (154,868)
Payments for (Proceeds from) Loans and Leases	$ 154,868

NET LOSS PER SHARE OF COMMON _3

NET LOSS PER SHARE OF COMMON STOCK (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Earnings Per Share [Abstract]
Net loss for basic and diluted attributable to Vivic Corp.	$ (360,382)	$ (292,948)	$ (2,109,860)	$ (645,948)
Weighted average common stock outstanding -    Basic and Diluted	25,496,209	5,227,222	25,132,189	21,870,914
Net loss per share of common stock – basic and diluted	$ (0.01)	$ (0.06)	$ (0.09)	$ (0.03)

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Related Party Transaction [Line Items]
Due to Related Parties, Current	$ 289,782		$ 289,782		$ 523,465
Professional Fees			$ 0
Preferred Stock, Voting Rights			Each Preferred Share is entitled to fifty (50) votes.
Honetech Inc [Member]
Related Party Transaction [Line Items]
Professional Fees	$ 0	$ 69,000	$ 9,000	$ 87,000
Go Right Holdings Limited [Member]
Related Party Transaction [Line Items]
Professional Fees		$ 110,501	$ 46,003	$ 310,501