Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash $ 3,027,033 $ 2,886,189
Accounts receivable - net of allowance for doubtful accounts 10,179
Accounts receivable - related parties, net of allowance for doubtful accounts 70,228
Tenants receivable, net of allowance for doubtful accounts 38,469
Security deposit 6,916
Inventory 2,667
Prepaid expenses and other current assets 149,713 749,796
Total Current Assets 3,234,977 3,706,213
OTHER ASSETS:    
Security deposit - noncurrent portion 25,322
Prepayment for long-term assets 153,688
Property, plant and equipment, net 48,029 295
Investment in real estate, net 7,623,757
Intangible assets, net 1,583,260
Total Other Assets 9,434,056 295
Total Assets 12,669,033 3,706,508
CURRENT LIABILITIES:    
Accounts payable 29
Accrued liabilities and other payables 262,174 22,334
Accrued liabilities and other payables - related parties 39,927 8,587
Deferred rental income 12,769
Loan payable 1,500,000
Income taxes payable 20,976
VAT and other taxes payable 2,997 11,270
Tenants' security deposit 92,288
Due to related parties 450,000 97,150
Refundable deposit 3,000,000
Total Current Liabilities 5,360,184 160,317
EQUITY:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding at December 31, 2017 and 2016
Common stock, $0.0001 par value; 490,000,000 shares authorized; 70,278,622 and 61,628,622 shares issued and outstanding at December 31, 2017 and 2016, respectively 7,028 6,163
Additional paid-in capital 11,490,285 3,681,387
Accumulated deficit (3,517,654) (53,369)
Statutory reserve 6,578 6,578
Accumulated other comprehensive loss - foreign currency translation adjustment (91,994) (94,568)
Total Avalon GloboCare Corp. stockholders' equity 7,894,243 3,546,191
Non-controlling interest (585,394)
Total Equity 7,308,849 3,546,191
Total Liabilities and Equity $ 12,669,033 $ 3,706,508