Balance Sheet

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash $ 685,304 $ 726,577
Rent receivable 23,650 35,395
Deferred financing costs 168,531 222,141
Prepaid expenses and other current assets 447,844 302,224
Total Current Assets 1,325,329 1,286,337
NON-CURRENT ASSETS:    
Rent receivable - noncurrent portion 106,558 111,840
Security deposit 19,953  
Deferred leasing costs 125,503 144,197
Operating lease right-of-use assets, net 210,781 137,333
Property and equipment, net 442,668 479,115
Investment in real estate, net 7,613,111 7,685,686
Equity method investment 533,949 521,758
Total Non-current Assets 9,052,523 9,079,929
Total Assets 10,377,852 10,366,266
CURRENT LIABILITIES:    
Accrued professional fees 1,688,929 1,212,822
Accrued research and development fees 587,805 513,533
Accrued payroll liability and directors' compensation 182,474 154,292
Accrued liabilities and other payables 330,710 367,411
Accrued liabilities and other payables - related parties 359,236 267,956
Operating lease obligation 140,978 76,379
Note payable - related party 390,000  
Total Current Liabilities 3,680,132 2,592,393
NON-CURRENT LIABILITIES:    
Operating lease obligation - noncurrent portion 75,803 66,954
Note payable - related party   390,000
Loan payable - related party 3,393,188 3,200,000
Total Non-current Liabilities 3,468,991 3,656,954
Total Liabilities 7,149,123 6,249,347
Commitments and Contingencies
EQUITY:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding at June 30, 2021 and December 31, 2020
Common stock, $0.0001 par value; 490,000,000 shares authorized; 85,600,919 shares issued and 85,080,919 shares outstanding at June 30, 2021; 82,795,297 shares issued and 82,275,297 shares outstanding at December 31, 2020 8,560 8,279
Additional paid-in capital 50,687,940 46,856,447
Less: common stock held in treasury, at cost; 520,000 shares at June 30, 2021 and December 31, 2020 (522,500) (522,500)
Accumulated deficit (46,773,403) (42,041,375)
Statutory reserve 6,578 6,578
Accumulated other comprehensive loss - foreign currency translation adjustment (178,446) (190,510)
Total Avalon GloboCare Corp. stockholders' equity 3,228,729 4,116,919
Non-controlling interest
Total Equity 3,228,729 4,116,919
Total Liabilities and Equity $ 10,377,852 $ 10,366,266

Source