Annual report pursuant to Section 13 and 15(d)

Revision (Tables)

v3.20.1
Revision (Tables)
12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Schedule of revision of accumulated other comprehensive income

    As Reported     As Revised  
Accumulated deficit   $ (23,913,011 )   $ (25,431,084 )
Accumulated other comprehensive loss - foreign currency translation adjustment   $ (302,023 )   $ (297,571 )
Total Avalon GloboCare Corp. stockholders' equity and non-controlling interest   $ 7,260,433     $ 5,746,812  
Non-controlling interest   $ (1,513,621 )   $ -  

 

The Company's condensed consolidated statement of operations for the three and nine months ended September 30, 2019 have been restated for the impact of this adjustment as follows:

 

    As Reported     As Revised  
    Three Months Ended     Nine Months Ended     Three Months Ended     Nine Months Ended  
    September 30,
2019
    September 30,
2019
    September 30,
2019
    September 30,
2019
 
Loss from noncontrolling interest deficit adjustment   $       $       $ (1,042,210 )   $ (862,200 )
Total Other Income (Expense), net   $ 1,142,289     $ 1,007,602     $ 100,079     $ 145,402  
LOSS BEFORE INCOME TAXES   $ (4,334,058 )   $ (13,277,810 )   $ (5,376,268 )   $ (14,140,010 )
NET LOSS   $ (4,334,058 )   $ (13,277,810 )   $ (5,376,268 )   $ (14,140,010 )
NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST   $ (475,863 )   $ (656,575 )   $ -     $ -  
NET LOSS ATTRIBUTABLE TO AVALON GLOBOCARE CORP. COMMON SHAREHOLDERS   $ (3,858,195 )   $ (12,621,235 )   $ (5,376,268 )   $ (14,140,010 )
NET LOSS PER COMMON SHARE ATTRIBUTABLE TO AVALON GLOBOCARE CORP. COMMON SHAREHOLDERS:                                
Basic and diluted   $ (0.05 )   $ (0.17 )   $ (0.07 )   $ (0.19 )

 

The Company's condensed consolidated statement of cash flow for the nine months ended September 30, 2019 have been restated for the impact of this adjustment as follows:

 

    As Reported     As Revised  
CASH FLOWS FROM OPERATING ACTIVITIES:            
Net loss   $ (13,277,810 )   $ (14,140,010 )
Adjustments to reconcile net loss to net cash used in operating activities:                
Loss from noncontrolling interest deficit adjustment   $ -     $ 862,200