v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash $ 341,771 $ 1,990,910
Rent receivable 116,665 134,626
Prepaid expense and other current assets 405,599 247,990
Total Current Assets 864,035 2,373,526
NON-CURRENT ASSETS:    
Operating lease right-of-use assets, net 154,854 10,885
Property and equipment, net 40,334 138,294
Investment in real estate, net 7,233,575 7,360,087
Equity method investments, net 21,370,060 485,008
Advances for equity interest purchase 8,999,722
Other non-current assets 304,323 384,383
Total Non-current Assets 29,103,146 17,378,379
Total Assets 29,967,181 19,751,905
CURRENT LIABILITIES:    
Accrued professional fees 1,730,232 1,673,411
Accrued research and development fees 891,751 838,001
Accrued payroll liability and compensation 385,754 223,722
Accrued litigation settlement 450,000 450,000
Accrued liabilities and other payables 383,287 283,234
Operating lease obligation 124,438 11,437
Equity method investment payable 1,000,000
Derivative liability 41,048
Convertible note payable, net 1,525,834
Total Current Liabilities 6,691,825 3,579,805
NON-CURRENT LIABILITIES:    
Operating lease obligation - noncurrent portion 36,416
Accrued litigation settlement - noncurrent portion   450,000
Note payable, net 5,566,412 4,563,152
Total Non-current Liabilities 6,452,828 5,013,152
Total Liabilities 13,144,653 8,592,957
Commitments and Contingencies (Note 15)
EQUITY:    
Preferred stock value
Common stock, $0.0001 par value; 490,000,000 shares authorized; 10,981,534 shares issued and 10,929,534 shares outstanding at September 30, 2023; 10,013,576 shares issued and 9,961,576 shares outstanding at December 31, 2022 1,098 1,005
Additional paid-in capital 67,781,112 65,949,723
Less: common stock held in treasury, at cost; 52,000 shares at September 30, 2023 and December 31, 2022 (522,500) (522,500)
Accumulated deficit (70,214,597) (63,062,721)
Statutory reserve 6,578 6,578
Accumulated other comprehensive loss (229,163) (213,137)
Total Avalon GloboCare Corp. stockholders' equity 16,822,528 11,158,948
Non-controlling interest
Total Equity 16,822,528 11,158,948
Total Liabilities and Equity 29,967,181 19,751,905
Series A Convertible Preferred Stock    
EQUITY:    
Preferred stock value 9,000,000 9,000,000
Series B Convertible Preferred Stock    
EQUITY:    
Preferred stock value 11,000,000
Related Parties    
CURRENT LIABILITIES:    
Accrued liabilities and other payables - related parties 159,481 100,000
NON-CURRENT LIABILITIES:    
Loan payable - related party $ 850,000

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