Avalon GloboCare Corp. (AVCO) financial statements (2021 and earlier)

Company profile

Business Address 4400 ROUTE 9
FREEHOLD, NJ 07728
State of Incorp. DE
Fiscal Year End December 31
SIC 8742 - Management Consulting Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7271,3961,2496357651,0723,401
Cash and cash equivalents7271,3961,2496357651,0723,401
Receivables   31245830
Inventory, net of allowances, customer advances and progress billings      13
Inventory      13
Prepaid expense313840266323763
Deferred costs222228271276   
Other undisclosed current assets307491272381719440485
Total current assets:1,2862,1531,8321,3481,5711,8073,992
Noncurrent Assets
Operating lease, right-of-use asset137154170185   
Property, plant and equipment479501520555601625375
Long-term investments and receivables      363
Long-term investments      363
Intangible assets, net (including goodwill), including:      1,092
Goodwill     (1,010) 
Intangible assets, net (excluding goodwill)     1,0101,583
Other undisclosed intangible assets, net (including goodwill)      (491)
Deferred costs144      
Other undisclosed noncurrent assets8,3198,3498,2388,2608,3188,2377,811
Total noncurrent assets:9,0809,0038,9279,0008,9198,8629,640
TOTAL ASSETS:10,36611,15610,75910,34810,49110,66913,633
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,4541,4341,5832,0401,8161,142735
Accounts payable87848180848548
Accrued liabilities1,2139961,0211,4251,243948567
Employee-related liabilities154354481534488110109
Taxes payable      11
Debt   88   
Deferred rent credit24   13 14
Derivative instruments and hedges, liabilities     2,596 
Due to related parties      100
Other undisclosed current liabilities1,1151,0061,0449051,007594186
Total current liabilities:2,5922,4392,6273,0332,8354,3321,035
Noncurrent Liabilities
Long-term debt and lease obligation3,2672,9832,9993,0152,600  
Long-term debt, excluding current maturities3,2002,9002,9002,9002,600  
Operating lease, liability678399115   
Liabilities, other than long-term debt3903903905905905904,056
Due to related parties3903903905905905901,000
Derivative instruments and hedges, liabilities      3,056
Total noncurrent liabilities:3,6573,3733,3893,6053,1905904,056
Total liabilities:6,2495,8136,0176,6386,0254,9225,091
Stockholders' equity
Stockholders' equity attributable to parent, including:4,1175,3434,7423,7104,4657,2609,584
Common stock8888888
Treasury stock, value(523)(523)(523)(523)(523)(523)(523)
Additional paid in capital46,85645,02941,21637,13134,59331,98430,376
Accumulated other comprehensive loss(191)(237)(277)(280)(258)(302)(228)
Accumulated deficit(42,041)(38,941)(35,689)(32,633)(29,362)(23,913)(20,055)
Other undisclosed stockholders' equity attributable to parent7777777
Stockholders' equity attributable to noncontrolling interest     (1,514)(1,042)
Total stockholders' equity:4,1175,3434,7423,7104,4655,7478,542
TOTAL LIABILITIES AND EQUITY:10,36611,15610,75910,34810,49110,66913,633

Income statement (P&L) ($ in thousands)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues455325301297479383400
Revenue from related parties 325301297360264265
Other undisclosed gross profit(324)(136)(273)(255)(108)(397)(416)
Gross profit:1301892942371(14)(16)
Operating expenses(3,169)(3,380)(3,031)(3,265)(5,289)(5,530)(4,424)
Other undisclosed operating income (loss)    (174)6796
Operating loss:(3,038)(3,191)(3,003)(3,222)(5,092)(5,476)(4,344)
Nonoperating income (expense)
(Foreign Currency Transaction Gain (Loss), before Tax)
    (3)16 
Interest and debt expense(43)(42)(42)(42)(23)(11)(9)
Loss from continuing operations before equity method investments, income taxes:(3,081)(3,232)(3,045)(3,264)(5,118)(5,471)(4,353)
Income (loss) from equity method investments35(15)(11)(9)(7)(25)(10)
Other undisclosed income (loss) from continuing operations before income taxes(55)(5)033331,163(76)
Loss from continuing operations before income taxes:(3,100)(3,252)(3,056)(3,271)(4,792)(4,334)(4,439)
Other undisclosed income from continuing operations3,256   7,316  
Income (loss) before gain (loss) on sale of properties:156(3,252)(3,056)(3,271)2,523(4,334)(4,439)
Other undisclosed net loss(3,256)   (7,316)  
Net loss attributable to parent:(3,100)(3,252)(3,056)(3,271)(4,792)(4,334)(4,439)
Other undisclosed net income (loss) available to common stockholders, basic    (657)47682
Net loss available to common stockholders, diluted:(3,100)(3,252)(3,056)(3,271)(5,449)(3,858)(4,357)

Comprehensive Income ($ in thousands)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net loss:(3,100)(3,252)(3,056)(3,271)(4,792)(4,334)(4,439)
Other comprehensive income (loss) (40)(3)22 6934
Other undisclosed comprehensive income (loss)46797(44)(612)33311
Comprehensive loss:(3,054)(3,212)(3,053)(3,293)(5,405)(3,932)(4,393)
Comprehensive income, net of tax, attributable to noncontrolling interest     47180
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    651(943)(159)
Comprehensive loss, net of tax, attributable to parent:(3,054)(3,212)(3,053)(3,293)(4,753)(4,403)(4,473)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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