Balance Sheet

v3.19.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash $ 1,769,291 $ 2,252,287
Accounts receivable, net of allowance for doubtful accounts 11,292 9,739
Tenants receivable, net of allowance for doubtful accounts 48,057 42,484
Security deposit 127,968 127,263
Inventory 17,121 12,994
Prepaid expenses - related parties 34,190
Prepaid expenses and other current assets 949,673 1,146,475
Total Current Assets 2,923,402 3,625,432
NON-CURRENT ASSETS:    
Property and equipment, net 398,697 249,555
Investment in real estate, net 7,851,262 7,879,885
Intangible assets, net 1,173,796 1,255,689
Equity method investment 381,899 385,162
Total Non-current Assets 9,805,654 9,770,291
Total Assets 12,729,056 13,395,723
CURRENT LIABILITIES:    
Accounts payable 41,123 6,695
Advance from customer - related party 14,829
Accrued liabilities and other payables 1,291,078 859,350
Accrued liabilities and other payables - related parties 34,378
Deferred rental income 3,012 14,136
Loan payable 1,000,000
Interest payable 100,000 75,342
Interest payable - related party 1,944
VAT and other taxes payable 25,638 4,668
Tenants' security deposit 66,580 66,700
Due to related party 100,000 100,000
Total Current Liabilities 2,663,753 1,141,720
NON-CURRENT LIABILITIES:    
Loan payable - noncurrent portion 1,000,000
Note payable - related party 1,000,000
Total Non-current Liabilities 1,000,000 1,000,000
Total Liabilities 3,663,753 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 March 31, 2019 and December 31, 2018
Common stock, $0.0001 par value; 490,000,000 shares authorized; 74,340,539 shares issued and 73,820,539 shares outstanding at March 31, 2019; 73,830,751 shares issued and 73,310,751 shares outstanding at December 31, 2018 7,434 7,383
Additional paid-in capital 26,426,074 24,153,378
Less: common stock held in treasury, at cost; 520,000 shares at March 31, 2019 and December 31, 2018 (522,500) (522,500)
Accumulated deficit (15,697,592) (11,291,776)
Statutory reserve 6,578 6,578
Accumulated other comprehensive loss - foreign currency translation adjustment (192,180) (236,860)
Total Avalon GloboCare Corp. stockholders' equity 10,027,814 12,116,203
Non-controlling interest (962,511) (862,200)
Total Equity 9,065,303 11,254,003
Total Liabilities and Equity $ 12,729,056 $ 13,395,723

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