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Document And Entity Information - shares | 9 Months Ended | |
---|---|---|
Sep. 30, 2021 | Nov. 12, 2021 | |
Document Information Line Items | ||
Entity Registrant Name | ABVCBioPharma, Inc. | |
Trading Symbol | ABVC | |
Document Type | 10-Q | |
Current Fiscal Year End Date | --12-31 | |
Entity Common Stock, Shares Outstanding | 28,609,388 | |
Amendment Flag | false | |
Entity Central Index Key | 0001173313 | |
Entity Current Reporting Status | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Document Period End Date | Sep. 30, 2021 | |
Document Fiscal Year Focus | 2021 | |
Document Fiscal Period Focus | Q3 | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity File Number | 001-40700 | |
Entity Incorporation, State or Country Code | NV | |
Entity Tax Identification Number | 26-0014658 | |
Entity Address, Address Line One | 44370Old Warm Springs Blvd | |
Entity Address, City or Town | Fremont | |
Entity Address, Country | CA | |
Entity Address, Postal Zip Code | 94538 | |
City Area Code | (510) | |
Local Phone Number | 668-0881 | |
Title of 12(b) Security | Common Stock, par value $0.001 per share | |
Security Exchange Name | NASDAQ | |
Entity Interactive Data Current | Yes |
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Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by American Brivision.
American Brivision's Definitive Proxy Statement (Form DEF 14A) filed after their 2021 10-K Annual Report includes:
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Research and development expenses are comprised of costs incurred in performing research and development activities, including personnel-related costs, facilities-related overhead, and outside contracted services including clinical trial costs, manufacturing and process development costs for both clinical and preclinical materials, research costs, and other consulting services.
The Company places its cash and temporary cash investments in high quality credit institutions, but these investments may be in excess of Taiwan Central Deposit Insurance Corporation and the U.S. Federal Deposit Insurance Corporation's insurance limits.
The increase in net cash provided by financing activities were primarily due to proceeds from issuance of common stock, partially offset by the repayment of convertible notes during the nine months ended September 30, 2021.
At inception of the contract, once the contract is determined to be within the scope of ASC 606, the Company assesses the goods or services promised within each contract, determines those that are performance obligations, and assesses whether each promised good or service is distinct.
Management evaluated the nature of the events triggering these contingent payments, and concluded that these events fall into two categories: (a) events which involve the performance of the Company's obligations under the collaborative agreement with collaboration partners, and (b) events which do not involve the performance of the Company's obligations under the collaborative agreement with collaboration partners.
On March 12, 2020, our...Read more
Revenue is recognized upon satisfaction...Read more
If a loss contingency is...Read more
Once a drug is shown...Read more
A beneficial conversion feature exists...Read more
Forward Stock Split On March...Read more
While the closures and limitations...Read more
The Series A Stock will...Read more
In such situations, the adjustment...Read more
Milestones that are not considered...Read more
50 The milestone payments are...Read more
Diluted loss per share is...Read more
Early testing by BioFirst indicates...Read more
Early testing by BioFirst indicates...Read more
Cash and Cash Equivalents The...Read more
Revenue recognized is limited to...Read more
To determine revenue recognition for...Read more
The Company and Rgene signed...Read more
? Non-marketable equity investments based...Read more
Such increase in operating expenses...Read more
Such increase in operating expenses...Read more
Accordingly, estimated losses from loss...Read more
The terms of these agreements...Read more
Conversely, if the pattern of...Read more
The change was principally caused...Read more
A loss in value of...Read more
ASC 360-10 also requires assets...Read more
Leasehold improvements are depreciated on...Read more
The amendment became effective on...Read more
The Company issued an aggregate...Read more
Another part of the Company's...Read more
To the extent that a...Read more
52 In addition to collaborative...Read more
Our operating expenses have increased...Read more
Our operating expenses have increased...Read more
The decrease was primarily due...Read more
The decrease was primarily due...Read more
BioKey provides a wide range...Read more
The Company completed the required...Read more
The revenue is recognized when...Read more
The Company had multiple deliverables...Read more
The carrying value of the...Read more
If, after recording a valuation...Read more
This ASU will be effective...Read more
Additionally, it is reasonably possible...Read more
On the balance sheet dates,...Read more
According to the Coronavirus Aid,...Read more
According to the Coronavirus Aid,...Read more
According to the Coronavirus Aid,...Read more
The Company does not assess...Read more
Under the outstanding contracts, consideration...Read more
This evaluation includes an assessment...Read more
The income approach includes the...Read more
Should impairment in value be...Read more
While we believe that underlying...Read more
The debt discount is amortized...Read more
When property and equipment is...Read more
Non-refundable advance payment for goods...Read more
Post-retirement and post-employment benefits The...Read more
Valuation of Deferred Tax Assets...Read more
(i) Nonrefundable upfront payments If...Read more
55 Pursuant to ASC 606,...Read more
Our selling, general and administrative...Read more
Our selling, general and administrative...Read more
The Company accounts for non-marketable...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
Material Contracts, Statements, Certifications & more
American Brivision provided additional information to their SEC Filing as exhibits
Ticker: ABVC
CIK: 1173313
Form Type: 10-Q Quarterly Report
Accession Number: 0001213900-21-059317
Submitted to the SEC: Mon Nov 15 2021 4:02:01 PM EST
Accepted by the SEC: Mon Nov 15 2021
Period: Thursday, September 30, 2021
Industry: Pharmaceutical Preparations