Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)

v3.22.1
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUES    
Real property rental $ 297,631 $ 289,774
Total Revenues 297,631 289,774
COSTS AND EXPENSES    
Real property operating expenses 218,448 216,894
Total Costs and Expenses 218,448 216,894
GROSS PROFIT    
Real property operating income 79,183 72,880
Total Gross Profit 79,183 72,880
OTHER OPERATING EXPENSES:    
Advertising and marketing 526,806 8,823
Professional fees 821,308 1,381,178
Compensation and related benefits 523,045 562,006
Research and development expenses 116,684 213,188
Other general and administrative 218,282 211,273
Total Other Operating Expenses 2,206,125 2,376,468
LOSS FROM OPERATIONS (2,126,942) (2,303,588)
OTHER (EXPENSE) INCOME    
Interest expense - related party (39,686) (45,149)
Loss from equity method investment (12,916) (18,514)
Other income 109,006 133
Total Other Income (Expense), net 56,404 (63,530)
LOSS BEFORE INCOME TAXES (2,070,538) (2,367,118)
INCOME TAXES
NET LOSS (2,070,538) (2,367,118)
LESS: NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST
NET LOSS ATTRIBUTABLE TO AVALON GLOBOCARE CORP. COMMON SHAREHOLDERS (2,070,538) (2,367,118)
COMPREHENSIVE LOSS:    
NET LOSS (2,070,538) (2,367,118)
OTHER COMPREHENSIVE INCOME (LOSS)    
Unrealized foreign currency translation gain (loss) 2,021 (2,722)
COMPREHENSIVE LOSS (2,068,517) (2,369,840)
LESS: COMPREHENSIVE LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST
COMPREHENSIVE LOSS ATTRIBUTABLE TO AVALON GLOBOCARE CORP. COMMON SHAREHOLDERS $ (2,068,517) $ (2,369,840)
NET LOSS PER COMMON SHARE ATTRIBUTABLE TO AVALON GLOBOCARE CORP. COMMON SHAREHOLDERS:    
Basic and diluted (in Dollars per share) $ (0.02) $ (0.03)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:    
Basic and diluted (in Shares) 88,502,439 83,413,154