Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Loss

v3.22.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
REVENUES    
Real property rental $ 1,203,560 $ 1,206,854
Medical related consulting services - related party 187,412 170,908
Total Revenues 1,390,972 1,377,762
COSTS AND EXPENSES    
Real property operating expenses 829,287 851,754
Medical related consulting services - related party 147,167 135,805
Total Costs and Expenses 976,454 987,559
Real property operating income 374,273 355,100
Gross profit from medical related consulting services - related party 40,245 35,103
Total Gross Profit 414,518 390,203
OTHER OPERATING EXPENSES:    
Professional fees 4,946,696 6,553,009
Compensation and related benefits 2,042,278 4,156,150
Research and development expenses 1,025,009 883,855
Other general and administrative 1,234,365 1,251,208
Total Other Operating Expenses 9,248,348 12,844,222
LOSS FROM OPERATIONS (8,833,830) (12,454,019)
OTHER INCOME (EXPENSE)    
Interest expense - related party (200,477) (168,762)
Loss from equity method investment (60,463) (51,673)
Other income (expense) 4,271 (4,984)
Total Other Expense, net (256,669) (225,419)
LOSS BEFORE INCOME TAXES (9,090,499) (12,679,438)
INCOME TAXES
NET LOSS (9,090,499) (12,679,438)
LESS: NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST
NET LOSS ATTRIBUTABLE TO AVALON GLOBOCARE CORP. COMMON SHAREHOLDERS (9,090,499) (12,679,438)
COMPREHENSIVE LOSS:    
NET LOSS (9,090,499) (12,679,438)
OTHER COMPREHENSIVE INCOME    
Unrealized foreign currency translation gain 25,244 67,237
COMPREHENSIVE LOSS (9,065,255) (12,612,201)
LESS: COMPREHENSIVE LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST
COMPREHENSIVE LOSS ATTRIBUTABLE TO AVALON GLOBOCARE CORP. COMMON SHAREHOLDERS $ (9,065,255) $ (12,612,201)
NET LOSS PER COMMON SHARE ATTRIBUTABLE TO AVALON GLOBOCARE CORP. COMMON SHAREHOLDERS:    
Basic and diluted (in Dollars per share) $ (0.11) $ (0.16)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:    
Basic and diluted (in Shares) 84,911,032 79,508,149