Balance Sheet

v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash $ 1,692,540 $ 726,577
Rent receivable 23,471 35,395
Deferred financing costs 152,438 222,141
Prepaid expenses and other current assets 295,731 302,224
Total Current Assets 2,164,180 1,286,337
NON-CURRENT ASSETS:    
Rent receivable - noncurrent portion 109,174 111,840
Security deposit 19,662  
Deferred leasing costs 133,359 144,197
Operating lease right-of-use assets, net 241,729 137,333
Property and equipment, net 439,962 479,115
Investment in real estate, net 7,644,950 7,685,686
Equity method investment 532,199 521,758
Total Non-current Assets 9,121,035 9,079,929
Total Assets 11,285,215 10,366,266
CURRENT LIABILITIES:    
Accrued professional fees 1,445,225 1,212,822
Accrued research and development fees 432,500 513,533
Accrued payroll liability and directors' compensation 165,846 154,292
Accrued liabilities and other payables 344,453 367,411
Accrued liabilities and other payables - related parties 313,105 267,956
Operating lease obligation 132,657 76,379
Note payable - related party 390,000  
Total Current Liabilities 3,223,786 2,592,393
NON-CURRENT LIABILITIES:    
Operating lease obligation - noncurrent portion 109,337 66,954
Note payable - related party   390,000
Loan payable - related party 3,305,249 3,200,000
Total Non-current Liabilities 3,414,586 3,656,954
Total Liabilities 6,638,372 6,249,347
Commitments and Contingencies
EQUITY:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding at March 31, 2021 and December 31, 2020
Common stock, $0.0001 par value; 490,000,000 shares authorized; 84,943,564 shares issued and 84,423,564 shares outstanding at March 31, 2021; 82,795,297 shares issued and 82,275,297 shares outstanding at December 31, 2020 8,494 8,279
Additional paid-in capital 49,755,996 46,856,447
Less: common stock held in treasury, at cost; 520,000 shares at March 31, 2021 and December 31, 2020 (522,500) (522,500)
Accumulated deficit (44,408,493) (42,041,375)
Statutory reserve 6,578 6,578
Accumulated other comprehensive loss - foreign currency translation adjustment (193,232) (190,510)
Total Avalon GloboCare Corp. stockholders' equity 4,646,843 4,116,919
Non-controlling interest
Total Equity 4,646,843 4,116,919
Total Liabilities and Equity $ 11,285,215 $ 10,366,266

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