Balance Sheet

v3.21.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash $ 726,577 $ 764,891
Accounts receivable 4,710
Accounts receivable - related party 215,418
Rent receivable 35,395 23,759
Deferred financing costs 222,141 311,177
Prepaid expenses and other current assets 302,224 251,140
Total Current Assets 1,286,337 1,571,095
NON-CURRENT ASSETS:    
Rent receivable - noncurrent portion 111,840 99,235
Deferred leasing costs 144,197  
Operating lease right-of-use assets, net 137,333
Property and equipment, net 479,115 601,425
Investment in real estate, net 7,685,686 7,735,680
Equity method investment 521,758 483,101
Total Non-current Assets 9,079,929 8,919,441
Total Assets 10,366,266 10,490,536
CURRENT LIABILITIES:    
Accrued professional fees 1,212,822 1,243,190
Accrued research and development fees 513,533 650,000
Accrued payroll liability and directors’ compensation 154,292 488,083
Accrued liabilities and other payables 297,777 226,759
Accrued liabilities and other payables - related parties 267,956 149,194
Operating lease obligation 76,379  
Tenants’ security deposit 69,634 78,237
Total Current Liabilities 2,592,393 2,835,463
NON-CURRENT LIABILITIES:    
Operating lease obligation - noncurrent portion 66,954  
Note payable - related party 390,000 590,000
Loan payable - related party 3,200,000 2,600,000
Total Non-current Liabilities 3,656,954 3,190,000
Total Liabilities 6,249,347 6,025,463
Commitments and Contingencies - (Note 17)
EQUITY:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding at December 31, 2020 and 2019
Common stock, $0.0001 par value; 490,000,000 shares authorized; 82,795,297 shares issued and 82,275,297 shares outstanding at December 31, 2020; 76,730,802 shares issued and 76,210,802 shares outstanding at December 31, 2019 8,279 7,673
Additional paid-in capital 46,856,447 34,593,006
Less: common stock held in treasury, at cost; 520,000 shares at December 31, 2020 and 2019 (522,500) (522,500)
Accumulated deficit (42,041,375) (29,361,937)
Statutory reserve 6,578 6,578
Accumulated other comprehensive loss - foreign currency translation adjustment (190,510) (257,747)
Total Avalon GloboCare Corp. stockholders’ equity 4,116,919 4,465,073
Non-controlling interest
Total Equity 4,116,919 4,465,073
Total Liabilities and Equity $ 10,366,266 $ 10,490,536

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