Balance Sheet

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash $ 3,643,316 $ 3,027,033
Accounts receivable - net of allowance for doubtful accounts 74,969 10,179
Accounts receivable - related party, net of allowance for doubtful accounts 144,779
Tenants receivable, net of allowance for doubtful accounts 38,527 38,469
Security deposit 328,615 6,916
Inventory 22,049 2,667
Prepaid expenses and other current assets 707,925 149,713
Total Current Assets 4,960,180 3,234,977
OTHER ASSETS:    
Security deposit - noncurrent portion 25,322
Prepayment for long-term assets 67,044 153,688
Property and equipment, net 143,226 48,029
Investment in real estate, net 7,725,301 7,623,757
Intangible assets, net 1,419,474 1,583,260
Total Other Assets 9,355,045 9,434,056
Total Assets 14,315,225 12,669,033
CURRENT LIABILITIES:    
Accounts payable 1,702 29
Accrued liabilities and other payables 299,788 124,064
Accrued liabilities and other payables - related parties 48,694 39,927
Deferred rental income 11,182 12,769
Loan payable 1,000,000 1,500,000
Interest payable 24,931 138,110
VAT and other taxes payable 12,516 2,997
Tenants' security deposit 73,400 92,288
Due to related parties 450,000 450,000
Refundable deposit 2,000,000 3,000,000
Total Current Liabilities 3,922,213 5,360,184
EQUITY:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding at June 30, 2018 and December 31, 2017
Common stock, $0.0001 par value; 490,000,000 shares authorized; 73,560,622 shares issued and 73,040,622 shares outstanding at June 30, 2018; 70,278,622 shares issued and outstanding at December 31, 2017 7,356 7,028
Additional paid-in capital 18,034,773 11,490,285
Less: common stock held in treasury, at cost; 70,278,622 shares issued and outstanding at December 31, 2017 (522,500)
Accumulated deficit (6,293,627) (3,517,654)
Statutory reserve 6,578 6,578
Accumulated other comprehensive loss - foreign currency translation adjustment (135,404) (91,994)
Total Avalon GloboCare Corp. stockholders' equity 11,097,176 7,894,243
Non-controlling interest (704,164) (585,394)
Total Equity 10,393,012 7,308,849
Total Liabilities and Equity $ 14,315,225 $ 12,669,033

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