Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
Preferred Stock
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Statutory Reserve
Accumulated Other Comprehensive Loss
Noncontrolling Interest
Total
Balance at beginning at Dec. 31, 2015 $ 5,000 $ 84,000 $ (102,372) $ (13,372)
Balance at beginning (in shares) at Dec. 31, 2015 50,000,000  
Reorganization of company $ 175 $ (175)
Reorganization of company (in shares) 1,750,000
Common shares issued for services $ 261 $ 52,289 $ 52,550
Common shares issued for services (in shares) 2,608,622  
Common shares sold for cash $ 727 $ 3,634,273 3,635,000
Common shares sold for cash (in shares) 7,270,000  
AHS founders' contribution $ 141,000 141,000
Distribution of Avalon GloboCare Corp.'s shares to AHS's founders (230,000) (230,000)
Appropriation to statutory reserve (6,578) 6,578
Foreign currency translation adjustment (94,568) (94,568)
Net income (loss) 55,581 55,581
Balance at end at Dec. 31, 2016 $ 6,163 3,681,387 (53,369) 6,578 (94,568) 3,546,191
Balance at end (in shares) at Dec. 31, 2016 61,628,622            
Distribution of Avalon GloboCare Corp.'s shares to AHS's founders               0
Common shares issued in connection with Share Subscription Agreement $ 300 (300)
Common shares issued in connection with Share Subscription Agreement (in shares) 3,000,000            
Common shares issued for cash, net of issuance costs $ 515 5,098,860 5,099,375
Common shares issued for cash, net of issuance costs (in shares) 5,150,000            
Stock-based compensation 992,997 992,997
Intangible assets purchase $ 50 1,717,341 1,717,391
Intangible assets purchase (in shares) 500,000            
Foreign currency translation adjustment 2,574 (34) 2,540
Net income (loss) (3,464,285) (585,360) (4,049,645)
Balance at end at Dec. 31, 2017 $ 7,028 $ 11,490,285 $ (3,517,654) $ 6,578 $ (91,994) $ (585,394) $ 7,308,849
Balance at end (in shares) at Dec. 31, 2017 70,278,622