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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash $ 285,400 $ 1,990,910
Rent receivable 197,473 134,626
Prepaid expense and other current assets 367,994 247,990
Total Current Assets 850,867 2,373,526
NON-CURRENT ASSETS:    
Operating lease right-of-use assets, net 128,250 10,885
Property and equipment, net 38,083 138,294
Investment in real estate, net 7,191,404 7,360,087
Equity method investments, net 12,095,020 485,008
Advances for equity interest purchase 8,999,722
Other non-current assets 278,912 384,383
Total Non-current Assets 19,731,669 17,378,379
Total Assets 20,582,536 19,751,905
CURRENT LIABILITIES:    
Accrued professional fees 1,804,100 1,673,411
Accrued research and development fees 208,772 838,001
Accrued payroll liability and compensation 588,722 223,722
Accrued litigation settlement 450,000 450,000
Accrued liabilities and other payables 272,915 283,234
Operating lease obligation 129,396 11,437
Equity method investment payable 666,667
Derivative liability 24,796
Convertible note payable, net 1,925,146
Total Current Liabilities 6,762,686 3,579,805
NON-CURRENT LIABILITIES:    
Operating lease obligation - noncurrent portion 4,855
Accrued litigation settlement - noncurrent portion 450,000
Note payable, net 5,596,219 4,563,152
Total Non-current Liabilities 6,451,074 5,013,152
Total Liabilities 13,213,760 8,592,957
Commitments and Contingencies (Note 20)
EQUITY:    
Common stock, $0.0001 par value; 490,000,000 shares authorized; 11,051,534 shares issued and 10,999,534 shares outstanding at December 31, 2023; 10,013,576 shares issued and 9,961,576 shares outstanding at December 31, 2022 1,105 1,005
Additional paid-in capital 67,885,051 65,949,723
Less: common stock held in treasury, at cost; 52,000 shares at December 31, 2023 and 2022 (522,500) (522,500)
Accumulated deficit (79,769,731) (63,062,721)
Statutory reserve 6,578 6,578
Accumulated other comprehensive loss (231,727) (213,137)
Total Avalon GloboCare Corp. stockholders’ equity 7,368,776 11,158,948
Noncontrolling interest
Total Equity 7,368,776 11,158,948
Total Liabilities and Equity 20,582,536 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 Party    
CURRENT LIABILITIES:    
Accrued liabilities and other payables - related parties 206,458 100,000
Advance from sale of noncontrolling interest - related party 485,714
NON-CURRENT LIABILITIES:    
Loan payable - related party $ 850,000

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