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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 163,439 $ 73,971
Accounts receivable, net 57 928
Deposits and prepayments 590,989 105,011
Inventory 1,534,602 163,975
Other current assets 128,327 189,439
Current assets from discontinued operations 6,364
Total current assets 2,417,414 539,688
Non-current assets:    
Long-term investment 61,191
Property and equipment, net 281,288 92,357
Intangible assets, net 5,822
Construction in process 103,631 185,667
Operating lease right-of-use assets 356,233 534,231
Other noncurrent assets 27,209 38,950
Non-current assets from discontinued operations
TOTAL ASSETS 3,191,597 1,452,084
Current liabilities:    
Accounts payable 725,340 19,229
Accrued liabilities and other payables 1,718,400 197,829
Due to related parties 189,618 451,230
Deferred revenue 1,108,078 204,442
Operating lease liabilities-current 123,858 141,725
Current liabilities from discontinued operations 24,572
Total current liabilities 3,865,294 1,039,027
Non-current liabilities:    
Operating lease liabilities-noncurrent 275,025 422,948
Promissory note 87,500 87,500
Non-current liabilities from discontinued operations
TOTAL LIABILITIES 4,227,819 1,549,475
Shareholders’ deficit    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; 832,000 shares issued and outstanding as of December 31, 2022 and 2021 832 832
Common stock, $0.001 par value; 70,000,000 shares authorized; 25,546,810 and 25,556,810 shares issued and outstanding as of December 31, 2022 and 2021, respectively. 25,547 25,557
Additional paid-in capital 3,746,177 3,821,709
Accumulated other comprehensive income (loss) 1,068 10,347
Accumulated deficit (4,809,846) (3,865,450)
Total Vivic Corp. shareholders’ (deficit) equity (1,036,222) (7,005)
Non-controlling interest (90,386)
Total shareholders deficit (1,036,222) (97,391)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT $ 3,191,597 $ 1,452,084