Income Statement
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2022 |
Jun. 30, 2021 |
Jun. 30, 2022 |
Jun. 30, 2021 |
|
| REVENUES | ||||
| Real property rental | $ 290,821 | $ 280,232 | $ 588,452 | $ 570,006 |
| Total Revenues | 290,821 | 280,232 | 588,452 | 570,006 |
| COSTS AND EXPENSES | ||||
| Real property operating expenses | 211,703 | 205,147 | 430,151 | 422,041 |
| Total Costs and Expenses | 211,703 | 205,147 | 430,151 | 422,041 |
| GROSS PROFIT | ||||
| Real property operating income | 79,118 | 75,085 | 158,301 | 147,965 |
| Total Gross Profit | 79,118 | 75,085 | 158,301 | 147,965 |
| OTHER OPERATING EXPENSES: | ||||
| Advertising and marketing | 130,395 | 7,500 | 657,201 | 16,323 |
| Professional fees | 436,447 | 1,357,079 | 1,257,755 | 2,738,257 |
| Compensation and related benefits | 503,541 | 547,829 | 1,026,586 | 1,109,835 |
| Research and development expenses | 254,476 | 238,793 | 371,160 | 451,981 |
| Litigation settlement | 1,350,000 | 1,350,000 | ||
| Other general and administrative | 247,830 | 226,164 | 466,112 | 437,437 |
| Total Other Operating Expenses | 2,922,689 | 2,377,365 | 5,128,814 | 4,753,833 |
| LOSS FROM OPERATIONS | (2,843,571) | (2,302,280) | (4,970,513) | (4,605,868) |
| OTHER (EXPENSE) INCOME | ||||
| Interest expense | (61,889) | (61,889) | ||
| Interest expense - related party | (31,854) | (46,131) | (71,540) | (91,280) |
| Loss from equity method investment | (11,882) | (15,418) | (24,798) | (33,932) |
| Change in fair value of derivative liability | 769,269 | 769,269 | ||
| Other income (expense) | 151,453 | (1,081) | 260,459 | (948) |
| Total Other Income (Expense), net | 815,097 | (62,630) | 871,501 | (126,160) |
| LOSS BEFORE INCOME TAXES | (2,028,474) | (2,364,910) | (4,099,012) | (4,732,028) |
| INCOME TAXES | ||||
| NET LOSS | (2,028,474) | (2,364,910) | (4,099,012) | (4,732,028) |
| LESS: NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST | ||||
| NET LOSS ATTRIBUTABLE TO AVALON GLOBOCARE CORP. COMMON SHAREHOLDERS | (2,028,474) | (2,364,910) | (4,099,012) | (4,732,028) |
| COMPREHENSIVE LOSS: | ||||
| NET LOSS | (2,028,474) | (2,364,910) | (4,099,012) | (4,732,028) |
| OTHER COMPREHENSIVE (LOSS) INCOME | ||||
| Unrealized foreign currency translation (loss) gain | (43,503) | 14,786 | (41,482) | 12,064 |
| COMPREHENSIVE LOSS | (2,071,977) | (2,350,124) | (4,140,494) | (4,719,964) |
| LESS: COMPREHENSIVE LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST | ||||
| COMPREHENSIVE LOSS ATTRIBUTABLE TO AVALON GLOBOCARE CORP. COMMON SHAREHOLDERS | $ (2,071,977) | $ (2,350,124) | $ (4,140,494) | $ (4,719,964) |
| NET LOSS PER COMMON SHARE ATTRIBUTABLE TO AVALON GLOBOCARE CORP. COMMON SHAREHOLDERS: | ||||
| Basic and diluted (in Dollars per share) | $ (0.02) | $ (0.03) | $ (0.05) | $ (0.06) |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: | ||||
| Basic and diluted (in Shares) | 88,932,809 | 84,623,723 | 88,718,812 | 84,021,787 |
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. No definition available.
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- Definition Loss From Lawsuit. No definition available.
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- Definition Operating expenses related to real propert for the period. No definition available.
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- Definition Real properties operating income. No definition available.
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount before tax of foreign currency transaction unrealized gain (loss) recognized in the income statement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense incurred on a debt or other obligation to related party. No definition available.
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The total expense recognized in the period for promotion, public relations, and brand or product advertising. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of general and administrative expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue and income classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (expense) included in net income that results in no cash inflow (outflow), classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after premiums ceded to other entities and premiums assumed by the entity, of property and casualty premiums earned. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of revenue, fees and commissions earned from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, for example, but not limited to, pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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