Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)

v3.21.1
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
REVENUES    
Real property rental $ 289,774 $ 296,956
COSTS AND EXPENSES    
Real property operating expenses 216,894 254,501
GROSS PROFIT    
Real property operating income 72,880 42,455
OTHER OPERATING EXPENSES:    
Professional fees 1,381,178 1,553,698
Compensation and related benefits 562,006 1,128,468
Research and development expenses 213,188 275,402
Other general and administrative 220,096 307,079
Total Other Operating Expenses 2,376,468 3,264,647
LOSS FROM OPERATIONS (2,303,588) (3,222,192)
OTHER INCOME (EXPENSE)    
Interest expense - related party (45,149) (42,169)
Loss from equity method investment (18,514) (9,084)
Other income 133 2,664
Total Other Expense, net (63,530) (48,589)
LOSS BEFORE INCOME TAXES (2,367,118) (3,270,781)
INCOME TAXES
NET LOSS (2,367,118) (3,270,781)
LESS: NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST
NET LOSS ATTRIBUTABLE TO AVALON GLOBOCARE CORP. COMMON SHAREHOLDERS (2,367,118) (3,270,781)
COMPREHENSIVE LOSS:    
NET LOSS (2,367,118) (3,270,781)
OTHER COMPREHENSIVE LOSS    
Unrealized foreign currency translation loss (2,722) (22,066)
COMPREHENSIVE LOSS (2,369,840) (3,292,847)
LESS: COMPREHENSIVE LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST
COMPREHENSIVE LOSS ATTRIBUTABLE TO AVALON GLOBOCARE CORP. COMMON SHAREHOLDERS $ (2,369,840) $ (3,292,847)
NET LOSS PER COMMON SHARE ATTRIBUTABLE TO AVALON GLOBOCARE CORP. COMMON SHAREHOLDERS:    
Basic and diluted (in Dollars per share) $ (0.03) $ (0.04)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:    
Basic and diluted (in Shares) 83,413,154 76,712,054