v3.24.2.u1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash $ 200,572 $ 285,400
Rent receivable 89,441 197,473
Prepaid expense and other current assets 422,868 367,994
Total Current Assets 712,881 850,867
NON-CURRENT ASSETS:    
Operating lease right-of-use assets, net 67,373 128,250
Property and equipment, net 33,418 38,083
Investment in real estate, net 7,107,062 7,191,404
Equity method investments, net 11,399,899 12,095,020
Other non-current assets 195,339 278,912
Total Non-current Assets 18,803,091 19,731,669
Total Assets 19,515,972 20,582,536
CURRENT LIABILITIES:    
Accrued professional fees 1,626,863 1,804,100
Accrued research and development fees 208,772 208,772
Accrued payroll liability and compensation 611,440 588,722
Accrued litigation settlement 424,450 450,000
Accrued liabilities and other payables 450,167 272,915
Operating lease obligation 85,373 129,396
Equity method investment payable 666,667
Derivative liability 292,715 24,796
Convertible note payable, net 1,685,595 1,925,146
Total Current Liabilities 8,593,186 6,762,686
NON-CURRENT LIABILITIES:    
Operating lease obligation - noncurrent portion 4,855
Note payable, net 5,655,833 5,596,219
Loan payable - related party 850,000 850,000
Total Non-current Liabilities 6,505,833 6,451,074
Total Liabilities 15,099,019 13,213,760
Commitments and Contingencies (Note 15)
EQUITY:    
Preferred stock value
Common stock, $0.0001 par value; 490,000,000 shares authorized; 11,558,534 shares issued and 11,506,534 shares outstanding at June 30, 2024; 11,051,534 shares issued and 10,999,534 shares outstanding at December 31, 2023 1,156 1,105
Additional paid-in capital 68,432,930 67,885,051
Less: common stock held in treasury, at cost; 52,000 shares at June 30, 2024 and December 31, 2023 (522,500) (522,500)
Accumulated deficit (83,269,270) (79,769,731)
Statutory reserve 6,578 6,578
Accumulated other comprehensive loss (231,941) (231,727)
Total Avalon GloboCare Corp. stockholders’ equity 4,416,953 7,368,776
Noncontrolling interest
Total Equity 4,416,953 7,368,776
Total Liabilities and Equity 19,515,972 20,582,536
Related Party    
CURRENT LIABILITIES:    
Accrued liabilities and other payables - related parties 721,570 206,458
Advance from pending sale of noncontrolling interest - related party 2,486,241 485,714
NON-CURRENT LIABILITIES:    
Loan payable - related party 850,000 850,000
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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