Balance Sheet

v3.10.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash $ 3,810,139 $ 3,027,033
Accounts receivable - net of allowance for doubtful accounts 134,319 10,179
Accounts receivable - related party, net of allowance for doubtful accounts 214,665 0
Tenants receivable, net of allowance for doubtful accounts 51,244 38,469
Security deposit 418,464 6,916
Security deposit - related party 291,163
Inventory 27,427 2,667
Prepaid expenses and other current assets 364,655 149,713
Total Current Assets 5,312,076 3,234,977
NON-CURRENT ASSETS:    
Security deposit - noncurrent portion 25,322
Prepayment for long-term assets 153,688
Property and equipment, net 271,526 48,029
Investment in real estate, net 7,920,912 7,623,757
Intangible assets, net 1,337,582 1,583,260
Total Non-current Assets 9,530,020 9,434,056
Total Assets 14,842,096 12,669,033
CURRENT LIABILITIES:    
Accounts payable 106,331 29
Accrued liabilities and other payables 657,815 124,064
Accrued liabilities and other payables - related parties 3,873 39,927
Deferred rental income 3,525 12,769
Loan payable 1,500,000
Interest payable 50,137 138,110
VAT and other taxes payable 13,218 2,997
Tenants' security deposit 73,400 92,288
Due to related parties 250,000 450,000
Refundable deposit 3,000,000
Total Current Liabilities 1,158,299 5,360,184
NON-CURRENT LIABILITIES:    
Loan payable - noncurrent portion 1,000,000
Total Non-current Liabilities 1,000,000
Total Liabilities 2,158,299 5,360,184
EQUITY:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding at September 30, 2018 and December 31, 2017
Common stock, $0.0001 par value; 490,000,000 shares authorized; 73,560,751 shares issued and 73,040,751 shares outstanding at September 30, 2018; 70,278,622 shares issued and outstanding at December 31, 2017 7,356 7,028
Additional paid-in capital 22,822,878 11,490,285
Less: common stock held in treasury, at cost; 520,000 and 0 shares at September 30, 2018 and December 31, 2017, respectively (522,500)
Accumulated deficit (8,638,297) (3,517,654)
Statutory reserve 6,578 6,578
Accumulated other comprehensive loss - foreign currency translation adjustment (229,260) (91,994)
Total Avalon GloboCare Corp. stockholders' equity 13,446,755 7,894,243
Non-controlling interest (762,958) (585,394)
Total Equity 12,683,797 7,308,849
Total Liabilities and Equity $ 14,842,096 $ 12,669,033

Source