v3.24.1.1.u2
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash $ 305,468 $ 285,400
Rent receivable 88,139 197,473
Prepaid expense and other current assets 384,210 367,994
Total Current Assets 777,817 850,867
NON-CURRENT ASSETS:    
Operating lease right-of-use assets, net 102,535 128,250
Property and equipment, net 35,735 38,083
Investment in real estate, net 7,149,233 7,191,404
Equity method investments, net 12,041,701 12,095,020
Other non-current assets 226,215 278,912
Total Non-current Assets 19,555,419 19,731,669
Total Assets 20,333,236 20,582,536
CURRENT LIABILITIES:    
Accrued professional fees 1,813,274 1,804,100
Accrued research and development fees 208,772 208,772
Accrued payroll liability and compensation 575,989 588,722
Accrued litigation settlement 450,000 450,000
Accrued liabilities and other payables 292,988 272,915
Operating lease obligation 109,732 129,396
Equity method investment payable 666,667
Derivative liability 15,637 24,796
Convertible note payable, net 1,829,782 1,925,146
Total Current Liabilities 7,803,334 6,762,686
NON-CURRENT LIABILITIES:    
Operating lease obligation - noncurrent portion 4,855
Note payable, net 5,626,026 5,596,219
Loan payable - related party 850,000 850,000
Total Non-current Liabilities 6,476,026 6,451,074
Total Liabilities 14,279,360 13,213,760
Commitments and Contingencies (Note 15)
EQUITY:    
Common stock, $0.0001 par value; 490,000,000 shares authorized; 11,156,534 shares issued and 11,104,534 shares outstanding at March 31, 2024;11,051,534 shares issued and 10,999,534 shares outstanding at December 31, 2023 1,116 1,105
Additional paid-in capital 67,940,573 67,885,051
Less: common stock held in treasury, at cost; 52,000 shares at March 31, 2024 and December 31, 2023 (522,500) (522,500)
Accumulated deficit (81,137,244) (79,769,731)
Statutory reserve 6,578 6,578
Accumulated other comprehensive loss (234,647) (231,727)
Total Avalon GloboCare Corp. stockholders’ equity 6,053,876 7,368,776
Noncontrolling interest
Total Equity 6,053,876 7,368,776
Total Liabilities and Equity 20,333,236 20,582,536
Related Party    
CURRENT LIABILITIES:    
Accrued liabilities and other payables - related parties 810,974 206,458
Advance from pending sale of noncontrolling interest - related party 1,696,186 485,714
Series A Convertible Preferred Stock    
EQUITY:    
Preferred stock, value 9,000,000 9,000,000
Series B Convertible Preferred Stock    
EQUITY:    
Preferred stock, value $ 11,000,000 $ 11,000,000

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