Avalon GloboCare Corp.ALBT
| Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
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NET LOSS | -31,006 | 55,581 | -4,049,645 | -8,052,296 | -18,070,161 | -12,679,438 | -9,090,499 | -11,930,847 |
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Bad debt provision | - | - | - | - | - | 55,133 | 8,091 | 2,295 |
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Depreciation | - | 26 | - | - | - | - | 311,761 | 330,723 |
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Change in straight-line rent receivable | - | - | - | - | - | -7,554 | 51,246 | 6,821 |
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Amortization of right-of-use asset | - | - | - | - | - | - | 127,020 | 135,557 |
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Stock-based compensation and service expense | - | 52,550 | - | 3 | 9 | 5 | 2 | 1 |
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Loss on equity method investment | - | - | - | - | - | - | 60,463 | 41,863 |
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Loss on impairment of equipment held for sale | - | - | - | - | - | - | - | -22,285 |
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Amortization of debt discount | - | - | - | - | - | - | - | 3 |
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Amortization of debt issuance costs | - | - | - | - | - | - | - | 29,606 |
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Conversion inducement expense | - | - | - | - | - | - | - | 344,264 |
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Change in fair market value of derivative liability | - | - | - | - | - | - | - | 600,749 |
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Rent receivable | - | - | - | - | - | 82,174 | 168 | 3,265 |
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Rent receivable - related party | - | - | - | - | - | - | 33,600 | 40,500 |
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Security deposit | - | - | -30,294 | -96,629 | 102,102 | - | 6,847 | -416 |
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Deferred leasing costs | - | - | - | - | - | - | 21,203 | 27,298 |
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Other assets | - | - | - | - | - | - | -95,133 | 45,996 |
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Accrued liabilities and other payables | - | -9,607 | 31,331 | -39,927 | 72,362 | 118,762 | 200,477 | 331,425 |
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Accrued liabilities and other payables - related parties | 900 | 5,758 | 214,628 | 701,496 | 1 | -837,261 | 1 | 79,898 |
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Operating lease obligation | - | - | - | - | - | - | 121,020 | 141,556 |
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NET CASH USED IN OPERATING ACTIVITIES | -30,106 | - | -1,339,692 | -4,396,024 | -7,079,871 | -7,546,100 | -5,024,479 | -7,037,224 |
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Purchase of property and equipment | - | 334 | 148,010 | - | - | - | - | 1,749 |
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Additional investment in equity method investment | - | - | - | - | - | - | 40,301 | 51,999 |
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Payments for equity interest purchase | - | - | - | - | - | - | - | 9 |
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NET CASH USED IN INVESTING ACTIVITIES | - | -930,334 | -8,014,448 | -1,307,813 | -552,967 | -169,185 | -68,135 | -9,053,470 |
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Repayments of note payable - related party | 14,000 | - | 307,150 | - | 410,000 | - | - | 390,000 |
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Proceeds from loan payable - related party | - | - | - | - | - | - | - | 100,000 |
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Repayments of loan payable - related party | - | - | - | - | - | - | - | 410,000 |
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Proceeds from issuance of convertible debt and warrants | - | - | - | - | - | - | - | 4 |
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Proceeds from issuance of balloon promissory note | - | - | - | - | - | - | - | 5 |
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Payments of debt issuance costs | - | - | - | - | - | - | - | 266,454 |
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Proceeds from equity offering | - | - | - | - | - | - | 3 | 735,567 |
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Disbursements for equity offering costs | - | - | - | - | - | - | - | 24,067 |
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Proceeds from issuance of convertible preferred stock | - | - | - | - | - | - | - | 9 |
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NET CASH PROVIDED BY FINANCING ACTIVITIES | 30,300 | - | 10 | 5 | 6 | 8 | 5 | 17 |
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EFFECT OF EXCHANGE RATE ON CASH | - | - | - | - | - | - | - | 10,077 |
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NET INCREASE IN CASH | - | - | - | - | - | -38,314 | 80,961 | 1 |
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Interest | - | - | - | 377,421 | 109,056 | 50,000 | - | 176,000 |
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Common stock issued for future services | - | - | - | - | - | - | 155,700 | - |
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Common stock issued for accrued liabilities | - | - | - | - | - | - | 276,032 | 30,000 |
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Deferred financing costs in accrued liabilities | - | - | - | - | - | - | 3 | - |
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Warrants issued with convertible note payable recorded as debt discount | - | - | - | - | - | - | - | 498,509 |
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Bifurcated embedded conversion feature recorded as derivative liability and debt discount | - | - | - | - | - | - | - | 3 |
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Conversion of convertible note payable and accrued interest into common stock | - | - | - | - | - | - | - | 4 |
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Reclassification of derivative liability to equity | - | - | - | - | - | - | - | 2 |
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Related party loan and accrued interest settled in shares | - | - | - | - | - | - | - | 3 |
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