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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Current assets:            
Cash and cash equivalents $ 145,634   $ 504,179 $ 215,332   $ 562,503
Accounts receivable, net 15,182        
Deposits and prepayments 251,947   77,213      
Inventory 23,707        
Other current assets 82,092   54,018      
Total current assets 518,562   635,410      
Non-current assets:            
Long-term investment 88,278        
Property, plant and equipment, net 289,795   246,275      
Operating lease right-of-use assets 578,678        
Other noncurrent assets 47,478        
TOTAL ASSETS 1,522,791   881,685      
Current liabilities:            
Accounts payable 42,411   12,473      
Accrued liabilities and other payables 105,650   70,377      
Due to related parties 289,431   523,465      
Deferred revenue 19,760        
Operating lease liabilities-current 70,829   5,924      
Income tax payable 4,675   29,675      
Total current liabilities 532,756   641,914      
Non-current liabilities:            
Operating lease liabilities-noncurrent 472,283   4,261      
Promissory note 87,500   87,500      
Total liabilities 1,092,539   733,675      
Shareholders’ equity            
Preferred stock, $0.001 par value; 5,000,000 shares authorized; 832,000 shares issued and outstanding as of June 30, 2021 and December 31, 2020 832   832      
Common stock, $0.001 par value; 70,000,000 shares authorized; 25,401,942 and 24,470,166 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively. 25,402   24,470      
Additional paid-in capital 3,437,619   1,341,155      
Accumulated other comprehensive income (loss) 649   (2,240)      
Accumulated deficit (3,049,983)   (1,300,505)      
Total Vivic Corp. shareholders’ equity 414,519   63,712      
Non-controlling interest 15,733   84,298      
Total shareholders’ equity 430,252 $ 370,546 148,010 $ (541,703) $ (246,502) $ (171,861)
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,522,791   $ 881,685