Balance Sheet

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash $ 2,125,656 $ 3,027,033
Accounts receivable - net of allowance for doubtful accounts 7,027 10,179
Tenants receivable, net of allowance for doubtful accounts 37,990 38,469
Security deposit 28,016 6,916
Inventory 10,111 2,667
Prepaid expenses and other current assets 74,406 149,713
Total Current Assets 2,283,206 3,234,977
OTHER ASSETS:    
Security deposit - noncurrent portion 25,322
Prepayment for long-term assets 47,714 153,688
Property, plant and equipment, net 158,415 48,029
Investment in real estate, net 7,591,952 7,623,757
Intangible assets, net 1,501,367 1,583,260
Total Other Assets 9,299,448 9,434,056
Total Assets 11,582,654 12,669,033
CURRENT LIABILITIES:    
Accounts payable 29
Accrued liabilities and other payables 302,500 124,064
Accrued liabilities and other payables - related parties 25,481 39,927
Deferred rental income 7,254 12,769
Loan payable 1,500,000 1,500,000
Interest payable 375,096 138,110
VAT and other taxes payable 34,357 2,997
Tenants' security deposit 73,400 92,288
Due to related parties 450,000 450,000
Refundable deposit 3,000,000 3,000,000
Total Current Liabilities 5,768,088 5,360,184
EQUITY:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding at March 31, 2018 and December 31, 2017
Common stock, $0.0001 par value; 490,000,000 shares authorized; 70,278,622 shares issued and 69,758,622 shares outstanding at March 31, 2018; 70,278,622 shares issued and outstanding at December 31, 2017 7,028 7,028
Additional paid-in capital 12,016,633 11,490,285
Less: common stock held in treasury, at cost; 520,000 and 0 shares at March 31, 2018 and December 31, 2017, respectively (522,500)
Accumulated deficit (4,999,233) (3,517,654)
Statutory reserve 6,578 6,578
Accumulated other comprehensive loss - foreign currency translation adjustment (39,316) (91,994)
Total Avalon GloboCare Corp. stockholders' equity 6,469,190 7,894,243
Non-controlling interest (654,624) (585,394)
Total Equity 5,814,566 7,308,849
Total Liabilities and Equity $ 11,582,654 $ 12,669,033

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