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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current Assets    
Cash $ 276,301 $ 562,503
Accounts receivable 64,000
Deposits and prepayments 172,160
Other receivables 124,983 23,656
Total current assets 637,444 586,159
Non-current assets:    
Property, plant and equipment, net 246,055 265,540
Total Assets 883,499 851,699
Current Liabilities    
Accounts Payable 14,908 12,448
Accrued liabilities and other payable 106,924 306,248
Deferred revenue 6,862 36,841
Amounts from related parties 197,936 617,180
Income tax payable 5,032 36,063
Current portion of lease liability 5,484 5,022
Total Current liabilities 337,146 1,013,802
Non-current liabilities:    
Lease liability 5,688 9,758
Promissory note 87,500
Total non-current liabilities 93,188 9,758
Total Liabilities 430,334 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 September 30, 2020 and December 31, 2019 832 832
Common stock, $0.001 par value; 70,000,000 shares authorized; 24,470,166 and 32,363,200 shares issued and outstanding as of September 30, 2020 and December 31, 2019 24,470 32,363
Additional Paid-In Capital 1,341,155 24,946
Accumulated other comprehensive income (loss) (15,502) (1,319)
Accumulated deficits (990,736) (344,788)
Total Vivic Corp. shareholders' deficit 360,219 (287,966)
Non-controlling interest 92,946 116,105
Total deficit 453,165 (171,861)
Total Liabilities and stockholder's equity $ 883,499 $ 851,699