v3.24.1.1.u2
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REAL PROPERTY RENTAL REVENUE $ 314,588 $ 296,165
REAL PROPERTY OPERATING EXPENSES 263,126 248,445
REAL PROPERTY OPERATING INCOME 51,462 47,720
INCOME (LOSS) FROM EQUITY METHOD INVESTMENT - LAB SERVICES MSO 107,469 (89,091)
OTHER OPERATING EXPENSES:    
Advertising and marketing expenses 45,000 691,753
Professional fees 442,335 1,226,239
Compensation and related benefits 353,571 451,555
Other general and administrative expenses 161,087 342,409
Total Other Operating Expenses 1,001,993 2,711,956
LOSS FROM OPERATIONS (843,062) (2,753,327)
OTHER (EXPENSE) INCOME    
Interest expense - amortization of debt discount and debt issuance cost (272,196) (22,205)
Interest expense - other (236,215) (132,000)
Change in fair value of derivative liability 31,212  
Other expense (36,656) (10,191)
Total Other Expense, net (524,451) (166,417)
LOSS BEFORE INCOME TAXES (1,367,513) (2,919,744)
INCOME TAXES
NET LOSS (1,367,513) (2,919,744)
LESS: NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST
NET LOSS ATTRIBUTABLE TO AVALON GLOBOCARE CORP. COMMON SHAREHOLDERS $ (1,367,513) $ (2,919,744)
NET LOSS PER COMMON SHARE ATTRIBUTABLE TO AVALON GLOBOCARE CORP. COMMON SHAREHOLDERS:    
Basic (in Dollars per share) $ (0.12) $ (0.29)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:    
Basic (in Shares) 11,028,380 10,015,637
COMPREHENSIVE LOSS:    
NET LOSS $ (1,367,513) $ (2,919,744)
OTHER COMPREHENSIVE (LOSS) INCOME    
Unrealized foreign currency translation (loss) gain (2,920) 3,670
COMPREHENSIVE LOSS (1,370,433) (2,916,074)
LESS: COMPREHENSIVE LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST
COMPREHENSIVE LOSS ATTRIBUTABLE TO AVALON GLOBOCARE CORP. COMMON SHAREHOLDERS (1,370,433) (2,916,074)
Related Party    
OTHER (EXPENSE) INCOME    
Interest expense - related party $ (10,596) $ (2,021)

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