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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current Assets    
Cash $ 215,332 $ 562,503
Trade receivable 34,000
Deposits and prepayments 64,749
Other receivables 34,269 23,656
Total current assets 348,350 586,159
Non-current assets:    
Property, plant and equipment, net 246,122 265,540
Total Assets 594,472 851,699
Current Liabilities    
Trade payable 13,157 12,448
Accrued liabilities and other payable 101,956 306,248
Deferred revenue 16,506 36,841
Amounts from related parties 965,467 617,180
Current portion of lease liability 5,182 5,022
Income tax payable 27,032 36,063
Total Current liabilities 1,129,300 1,013,802
Non-current liabilities:    
Lease liability 6,875 9,758
Total Liabilities 1,136,175 1,023,560
Commitments and contingencies
Stockholder's Equity    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; 832,000 and 832,000 shares issued and outstanding as of June 30, 2020 and December 31, 2019 832 832
Common stock, $0.001 par value; 70,000,000 shares authorized; 12,850,759 and 32,363,200 shares issued and outstanding as of June 30, 2020 and December 31, 2019 12,851 32,363
Additional Paid-In Capital 44,458 24,946
Accumulated other comprehensive income (loss) (4,376) (1,319)
Accumulated deficits (697,788) (344,788)
Total Vivic Corp. shareholders' deficit (644,023) (287,966)
Non-controlling interest 102,320 116,105
Total deficit (541,703) (171,861)
Total Liabilities and stockholder's equity $ 594,472 $ 851,699