v3.25.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash $ 2,856,309 $ 285,400
Rent receivable 80,829 197,473
Prepaid expense and other current assets 299,360 367,994
Total Current Assets 3,236,498 850,867
NON-CURRENT ASSETS:    
Operating lease right-of-use assets, net 4,709 128,250
Property and equipment, net 12,912 38,083
Investment in real estate, net 7,022,721 7,191,404
Equity method investments, net 10,636,544 12,095,020
Other non-current assets 71,794 278,912
Total Non-current Assets 17,748,680 19,731,669
Total Assets 20,985,178 20,582,536
CURRENT LIABILITIES:    
Accrued professional fees 611,462 1,804,100
Accrued research and development fees 153,772 208,772
Accrued payroll liability and compensation 501,258 588,722
Accrued litigation settlement 373,450 450,000
Accrued liabilities and other payables 434,117 272,915
Operating lease obligation 10,709 129,396
Equity method investment payable 666,667
Derivative liability 127,545 24,796
Note payable, net 5,715,447
Convertible note payable, net 2,113,773 1,925,146
Total Current Liabilities 13,882,555 6,762,686
NON-CURRENT LIABILITIES:    
Operating lease obligation - noncurrent portion 4,855
Note payable, net - noncurrent portion 5,596,219
Total Non-current Liabilities 6,451,074
Total Liabilities 13,882,555 13,213,760
Commitments and Contingencies (Note 21)
EQUITY:    
Preferred stock, Value
Common stock, $0.0001 par value; 100,000,000 shares authorized; 1,445,979 shares issued and 1,442,512 shares outstanding at December 31, 2024; 736,769 shares issued and 733,302 shares outstanding at December 31, 2023 145 74
Additional paid-in capital 72,023,525 67,886,082
Less: common stock held in treasury, at cost; 3,467 shares at December 31, 2024 and 2023 (522,500) (522,500)
Accumulated deficit (87,673,125) (79,769,731)
Statutory reserve 6,578 6,578
Accumulated other comprehensive loss (232,000) (231,727)
Total Avalon GloboCare Corp. stockholders’ equity 7,102,623 7,368,776
Noncontrolling interest
Total Equity 7,102,623 7,368,776
Total Liabilities and Equity 20,985,178 20,582,536
Related Party    
CURRENT LIABILITIES:    
Accrued liabilities and other payables - related parties 732,916 206,458
Advance from pending sale of noncontrolling interest - related party 3,108,106 485,714
NON-CURRENT LIABILITIES:    
Loan payable - related party 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
Series C Convertible Preferred Stock    
EQUITY:    
Preferred stock, Value $ 3,500,000

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