Balance Sheet

v3.19.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash $ 1,072,340 $ 2,252,287
Accounts receivable, net of allowance for doubtful accounts 9,325 9,739
Accounts receivable - related party, net of allowance for doubtful accounts 167,870
Tenants receivable, net of allowance for doubtful accounts 57,531 42,484
Security deposit 24,979 127,263
Prepaid expenses - related parties 34,190
Prepaid expenses and other current assets 475,113 1,159,469
Total Current Assets 1,807,158 3,625,432
NON-CURRENT ASSETS:    
Prepayment for long-term assets 25,180
Property and equipment, net 624,592 249,555
Investment in real estate, net 7,775,981 7,879,885
Intangible assets, net 1,255,689
Equity method investment 436,100 385,162
Total Non-current Assets 8,861,853 9,770,291
Total Assets 10,669,011 13,395,723
CURRENT LIABILITIES:    
Accrued liabilities and other payables 1,503,659 960,191
Accrued liabilities and other payables - related parties 154,692 114,829
Tenants' security deposit 78,237 66,700
Derivative liabilities 2,595,611
Total Current Liabilities 4,332,199 1,141,720
NON-CURRENT LIABILITIES:    
Loan payable - noncurrent portion 1,000,000
Note payable - related party 590,000
Total Non-current Liabilities 590,000 1,000,000
Total Liabilities 4,922,199 2,141,720
EQUITY:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding at September 30, 2019 and December 31, 2018
Common stock, $0.0001 par value; 490,000,000 shares authorized; 76,291,056 shares issued and 75,771,056 shares outstanding at September 30, 2019; 73,830,751 shares issued and 73,310,751 shares outstanding at December 31, 2018 7,629 7,383
Additional paid-in capital 31,983,760 24,153,378
Less: common stock held in treasury, at cost; 520,000 shares at September 30, 2019 and December 31, 2018 (522,500) (522,500)
Accumulated deficit (23,913,011) (11,291,776)
Statutory reserve 6,578 6,578
Accumulated other comprehensive loss - foreign currency translation adjustment (302,023) (236,860)
Total Avalon GloboCare Corp. stockholders' equity 7,260,433 12,116,203
Non-controlling interest (1,513,621) (862,200)
Total Equity 5,746,812 11,254,003
Total Liabilities and Equity $ 10,669,011 $ 13,395,723

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