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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2019
Apr. 30, 2019
Apr. 30, 2018
Current Assets      
Cash $ 562,503 $ 170,519 $ 14,006
Deposits and prepayments 11,000 200
Other receivables 23,656
Total current assets 586,159 181,519 14,206
Non-current assets:      
Property, plant and equipment, net 265,540 4,704
Total Assets 851,699 181,519 18,910
Current Liabilities      
Trade payable 12,448
Accrued liabilities and other payable 306,248 11,255
Deferred revenue 36,841
Amounts from related parties 617,180 99,937 10,078
Current portion of lease liability 5,022
Income tax payable 36,063 6,941
Total Current liabilities 1,013,802 118,133 10,078
Non-current liabilities:      
Lease liability 9,758
Total Liabilities 1,023,560 118,133 10,078
Commitments and contingencies
Stockholder's Equity      
Preferred stock, $0.001 par value; 5,000,000 shares authorized; 832,000 and 0 shares issued and outstanding as of December 31, 2019 and 2018, respectively 832 832
Common stock, $0.001 par value; 70,000,000 shares authorized; 32,363,200, 117,384,000 and 21,360,000 shares issued and outstanding as of December 31, 2019, April 30, 2019 and April 30, 2018, respectively 32,363 117,384 21,360
Additional Paid-In Capital 24,946 (60,075) 8,340
Accumulated other comprehensive loss (1,319)
(Accumulated losses) Retained earnings (344,788) 5,245 (20,868)
Total Vivic Corp. shareholders' (deficit) equity (287,966) 63,386 8,832
Non-controlling interest 116,105
Stockholders' Equity (171,861) 63,386 8,832
Total Liabilities and stockholder's equity $ 851,699 $ 181,519 $ 18,910