Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)

v3.21.2
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
REVENUES        
Real property rental $ 280,232 $ 301,267 $ 570,006 $ 598,223
COSTS AND EXPENSES        
Real property operating expenses 205,147 272,764 422,041 527,265
GROSS PROFIT        
Real property operating income 75,085 28,503 147,965 70,958
OTHER OPERATING EXPENSES:        
Professional fees 1,357,079 1,561,650 2,738,257 3,115,348
Compensation and related benefits 547,829 1,054,052 1,109,835 2,182,520
Research and development expenses 238,793 161,101 451,981 436,503
Other general and administrative 233,664 254,527 453,760 561,606
Total Other Operating Expenses 2,377,365 3,031,330 4,753,833 6,295,977
LOSS FROM OPERATIONS (2,302,280) (3,002,827) (4,605,868) (6,225,019)
OTHER INCOME (EXPENSE)        
Interest expense - related party (46,131) (42,469) (91,280) (84,638)
Loss from equity method investment (15,418) (11,332) (33,932) (20,416)
Other (expense) income (1,081) 246 (948) 2,910
Total Other Expense, net (62,630) (53,555) (126,160) (102,144)
LOSS BEFORE INCOME TAXES (2,364,910) (3,056,382) (4,732,028) (6,327,163)
INCOME TAXES    
NET LOSS (2,364,910) (3,056,382) (4,732,028) (6,327,163)
LESS: NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST    
NET LOSS ATTRIBUTABLE TO AVALON GLOBOCARE CORP. COMMON SHAREHOLDERS (2,364,910) (3,056,382) (4,732,028) (6,327,163)
COMPREHENSIVE LOSS:        
NET LOSS (2,364,910) (3,056,382) (4,732,028) (6,327,163)
OTHER COMPREHENSIVE INCOME (LOSS)        
Unrealized foreign currency translation gain (loss) 14,786 3,309 12,064 (18,757)
COMPREHENSIVE LOSS (2,350,124) (3,053,073) (4,719,964) (6,345,920)
LESS: COMPREHENSIVE LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST    
COMPREHENSIVE LOSS ATTRIBUTABLE TO AVALON GLOBOCARE CORP. COMMON SHAREHOLDERS $ (2,350,124) $ (3,053,073) $ (4,719,964) $ (6,345,920)
NET LOSS PER COMMON SHARE ATTRIBUTABLE TO AVALON GLOBOCARE CORP. COMMON SHAREHOLDERS:        
Basic and diluted (in Dollars per share) $ (0.03) $ (0.04) $ (0.06) $ (0.08)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic and diluted (in Shares) 84,623,723 78,887,380 84,021,787 77,799,722