GOING CONCERN UNCERTAINTIES	3 Months Ended
Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN UNCERTAINTIES	NOTE－ 3 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 $335,253 cash and cash equivalents and a working capital deficit of $1,823,177 as of March 31, 2023 and incurred a net loss of $332,224 during the three months ended March 31, 2023. In addition, the coronavirus (COVID-19) outbreak, which was designated as a pandemic by the World Health Organization on March 11, 2020, caused substantial disruption in international economies and global trade and had a significant adverse impact on the Company’s business. China recently abandoned its zero-COVID policy. Nevertheless, cases continued to occur in China during the quarter ended March 31, 2023, and many individuals continue to limit their activities. The continuation of the Company as a going concern through the one year period from the date on which this report is filed is dependent upon continued financial support from its related parties and third party loans. The Company is actively pursuing additional financing for its operations via potential loans and equity issuances. However, there is no assurance that the Company will be successful in securing sufficient funds to sustain its operations. Based upon the analysis above, management has determined that the above conditions indicate that it may be probable that the Company would not be able to meet its obligations within one year after the date that the financial statements are available to be issued. 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. VIVIC CORP. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

GOING CONCERN UNCERTAINTIES

3 Months Ended

Mar. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

NOTE－ 3 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 $335,253 cash and cash equivalents and a working capital deficit of $1,823,177 as of March 31, 2023 and incurred a net loss of $332,224 during the three months ended March 31, 2023. In addition, the coronavirus (COVID-19) outbreak, which was designated as a pandemic by the World Health Organization on March 11, 2020, caused substantial disruption in international economies and global trade and had a significant adverse impact on the Company’s business. China recently abandoned its zero-COVID policy. Nevertheless, cases continued to occur in China during the quarter ended March 31, 2023, and many individuals continue to limit their activities.

The continuation of the Company as a going concern through the one year period from the date on which this report is filed is dependent upon continued financial support from its related parties and third party loans. The Company is actively pursuing additional financing for its operations via potential loans and equity issuances. However, there is no assurance that the Company will be successful in securing sufficient funds to sustain its operations.

Based upon the analysis above, management has determined that the above conditions indicate that it may be probable that the Company would not be able to meet its obligations within one year after the date that the financial statements are available to be issued. 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.

VIVIC CORP.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS