Balance Sheet

v3.19.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash $ 3,401,304 $ 2,252,287
Accounts receivable, net of allowance for doubtful accounts 100,788 9,739
Tenants receivable, net of allowance for doubtful accounts 29,504 42,484
Security deposit 27,309 127,263
Inventory 13,001 12,994
Prepaid expenses - related parties 34,190
Prepaid expenses and other current assets 420,473 1,146,475
Total Current Assets 3,992,379 3,625,432
NON-CURRENT ASSETS:    
Property and equipment, net 374,906 249,555
Investment in real estate, net 7,810,549 7,879,885
Intangible assets, net 1,091,903 1,255,689
Equity method investment 363,002 385,162
Total Non-current Assets 9,640,360 9,770,291
Total Assets 13,632,739 13,395,723
CURRENT LIABILITIES:    
Accounts payable 47,508 6,695
Advance from customer - related party 14,829
Accrued liabilities and other payables 747,346 859,350
Accrued liabilities and other payables - related parties 36,806
Deferred rental income 13,786 14,136
Interest payable 75,342
Interest payable - related party 14,583
VAT and other taxes payable 10,727 4,668
Tenants' security deposit 64,037 66,700
Due to related party 100,000 100,000
Total Current Liabilities 1,034,793 1,141,720
NON-CURRENT LIABILITIES:    
Loan payable - noncurrent portion 1,000,000
Note payable - related party 1,000,000
Derivative liabilities 3,055,748
Total Non-current Liabilities 4,055,748 1,000,000
Total Liabilities 5,090,541 2,141,720
Commitments and Contingencies - (Note 18)
EQUITY:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding at June 30, 2019 and December 31, 2018
Common stock, $0.0001 par value; 490,000,000 shares authorized; 76,175,639 shares issued and 75,655,639 shares outstanding at June 30, 2019; 73,830,751 shares issued and 73,310,751 shares outstanding at December 31, 2018 7,618 7,383
Additional paid-in capital 30,375,711 24,153,378
Less: common stock held in treasury, at cost; 520,000 shares at June 30, 2019 and December 31, 2018 (522,500) (522,500)
Accumulated deficit (20,054,816) (11,291,776)
Statutory reserve 6,578 6,578
Accumulated other comprehensive loss - foreign currency translation adjustment (228,183) (236,860)
Total Avalon GloboCare Corp. stockholders' equity 9,584,408 12,116,203
Non-controlling interest (1,042,210) (862,200)
Total Equity 8,542,198 11,254,003
Total Liabilities and Equity $ 13,632,739 $ 13,395,723

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