v3.24.2.u1
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
REAL PROPERTY RENTAL REVENUE $ 327,887 $ 306,905 $ 642,475 $ 603,070
REAL PROPERTY OPERATING EXPENSES 285,488 245,403 548,614 493,848
REAL PROPERTY OPERATING INCOME 42,399 61,502 93,861 109,222
(LOSS) INCOME FROM EQUITY METHOD INVESTMENT - LAB SERVICES MSO (329,337) 104,651 (221,868) 15,560
OTHER OPERATING EXPENSES:        
Advertising and marketing expenses 62,660 505,217 107,660 1,196,970
Professional fees 444,458 998,512 886,793 2,224,751
Compensation and related benefits 357,233 454,123 710,804 905,678
Other general and administrative expenses 353,074 276,669 514,161 619,078
Total Other Operating Expenses 1,217,425 2,234,521 2,219,418 4,946,477
LOSS FROM OPERATIONS (1,504,363) (2,068,368) (2,347,425) (4,821,695)
OTHER (EXPENSE) INCOME        
Interest expense - amortization of debt discount and debt issuance costs (564,426) (69,453) (836,622) (91,658)
Interest expense - other (232,839) (166,558) (469,054) (298,558)
Change in fair value of derivative liability 180,337 41,721 211,549 41,721
Impairment of equity method investment - Epicon (464,406) (464,406)
Other expense (139) (9,726) (36,795) (19,917)
Total Other Expense, net (627,663) (678,689) (1,152,114) (845,106)
LOSS BEFORE INCOME TAXES (2,132,026) (2,747,057) (3,499,539) (5,666,801)
INCOME TAXES
NET LOSS (2,132,026) (2,747,057) (3,499,539) (5,666,801)
LESS: NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST
NET LOSS ATTRIBUTABLE TO AVALON GLOBOCARE CORP. COMMON SHAREHOLDERS $ (2,132,026) $ (2,747,057) $ (3,499,539) $ (5,666,801)
NET LOSS PER COMMON SHARE ATTRIBUTABLE TO AVALON GLOBOCARE CORP. COMMON SHAREHOLDERS:        
Basic (in Dollars per share) $ (0.19) $ (0.27) $ (0.31) $ (0.56)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in Shares) 11,219,391 10,248,193 11,123,886 10,157,419
COMPREHENSIVE LOSS:        
NET LOSS $ (2,132,026) $ (2,747,057) $ (3,499,539) $ (5,666,801)
OTHER COMPREHENSIVE INCOME (LOSS)        
Unrealized foreign currency translation gain (loss) 2,706 (11,011) (214) (7,341)
COMPREHENSIVE LOSS (2,129,320) (2,758,068) (3,499,753) (5,674,142)
LESS: COMPREHENSIVE LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST
COMPREHENSIVE LOSS ATTRIBUTABLE TO AVALON GLOBOCARE CORP. COMMON SHAREHOLDERS (2,129,320) (2,758,068) (3,499,753) (5,674,142)
Related Party        
OTHER (EXPENSE) INCOME        
Interest expense - related party $ (10,596) $ (10,267) $ (21,192) $ (12,288)

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