v3.24.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash $ 1,024,197 $ 285,400
Rent receivable 77,667 197,473
Prepaid expense and other current assets 294,957 367,994
Total Current Assets 1,396,821 850,867
NON-CURRENT ASSETS:    
Operating lease right-of-use assets, net 37,149 128,250
Property and equipment, net 31,163 38,083
Investment in real estate, net 7,064,892 7,191,404
Equity method investments, net 10,813,355 12,095,020
Other non-current assets 207,253 278,912
Total Non-current Assets 18,153,812 19,731,669
Total Assets 19,550,633 20,582,536
CURRENT LIABILITIES:    
Accrued professional fees 613,466 1,804,100
Accrued research and development fees 153,772 208,772
Accrued payroll liability and compensation 387,700 588,722
Accrued litigation settlement 373,450 450,000
Accrued liabilities and other payables 560,915 272,915
Operating lease obligation 43,149 129,396
Equity method investment payable 666,667
Derivative liability 123,506 24,796
Note payable, net 4,718,584
Convertible note payable, net 2,136,193 1,925,146
Total Current Liabilities 12,332,173 6,762,686
NON-CURRENT LIABILITIES:    
Operating lease obligation - noncurrent portion 4,855
Note payable, net - noncurrent portion 967,056 5,596,219
Total Non-current Liabilities 1,817,056 6,451,074
Total Liabilities 14,149,229 13,213,760
Commitments and Contingencies (Note 15)
EQUITY:    
Preferred stock value
Common stock, $0.0001 par value; 490,000,000 shares authorized; 1,097,688 shares issued and 1,094,221 shares outstanding at September 30, 2024; 736,769 shares issued and 733,302 shares outstanding at December 31, 2023 110 74
Additional paid-in capital 71,094,584 67,886,082
3,467 shares at September 30, 2024 and December 31, 2023 (522,500) (522,500)
Accumulated deficit (84,948,470) (79,769,731)
Statutory reserve 6,578 6,578
Accumulated other comprehensive loss (228,898) (231,727)
Total Avalon GloboCare Corp. stockholders' equity 5,401,404 7,368,776
Noncontrolling interest
Total Equity 5,401,404 7,368,776
Total Liabilities and Equity 19,550,633 20,582,536
Related Party    
CURRENT LIABILITIES:    
Accrued liabilities and other payables - related parties 713,279 206,458
Advance from pending sale of noncontrolling interest - related party 2,508,159 485,714
NON-CURRENT LIABILITIES:    
Loan payable - related party 850,000 850,000
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 $ 11,000,000

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