Avalon GloboCare Corp.
Business
Avalon GloboCare Corp. is a technology-innovation company operating through two segments: a consumer health technology business distributing the Keto Air breathalyzer device, a non-invasive ketosis-monitoring consumer product sold in North America with FDA registration; and an artificial intelligence content technology segment developing and commercializing an AI-driven short-form video generation platform through its wholly owned subsidiary Avalon Quantum AI, LLC, which was formed in connection with the December 2025 acquisition of RPM Interactive, Inc. The RPM platform enables content creators to generate automated video content and is currently in beta testing with Phase 2 expansion planned for Q3 2026.
Summary from 10-K filed 2026-03-30
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| INCOME (LOSS) FROM EQUITY METHOD INVESTMENT - LAB SERVICES MSO | 392,677 | −846,588 | −9 | — | — | |
| Advertising and marketing expenses | 843,497 | 237,671 | 2 | 1 | 328,565 | |
| Professional fees | 5 | 2 | 3 | 3 | 5 | |
| Compensation and related benefits | 1 | 1 | 2 | 2 | 2 | |
| Other general and administrative expenses | 784,758 | 857,869 | 908,577 | 886,142 | 905,800 | |
| Total Other Operating Expenses | 8 | 4 | 7 | 9 | — | |
| LOSS FROM OPERATIONS | −8 | −5 | −16 | −9 | −9 | |
| Interest expense - amortization of debt discount and debt issuance costs | −1 | −1 | −544,010 | −3 | — | |
| Interest expense - other | −320,282 | −325,486 | −773,780 | −185,751 | — | |
| Interest expense - related party | — | −42,445 | −33,712 | — | — | |
| Debt modification charge | — | −838,794 | — | — | — | |
| Change in fair value of derivative liability | 538,213 | 374,365 | 188,374 | 600,749 | — | |
| Loss on extinguishment of debt | −9 | — | 682,979 | — | — | |
| Other income (expense) | 67,554 | −74,180 | −324 | 223,759 | — | |
| Total Other Expense, net | −10 | −2 | −953,327 | −3 | — | |
| LOSS BEFORE INCOME TAXES | −18 | −7 | −17 | −12 | −9 | |
| INCOME TAXES | — | — | — | — | — | |
| NET LOSS FROM CONTINUING OPERATIONS | −18 | −7 | — | — | — | |
| NET LOSS FROM DISCONTINUED OPERATIONS | −742,103 | −863,790 | — | — | — | |
| NET LOSS | −18 | −8 | −17 | −12 | −9 | |
| LESS: NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST | — | — | — | — | — | |
| NET LOSS AFTER NONCONTROLLING INTEREST | −18 | −8 | −17 | −12 | −9 | |
| DEEMED CONTRIBUTION ON EXCHANGE OF EQUITY INSTRUMENTS | 162,473 | — | — | — | — | |
| NET LOSS ATTRIBUTABLE TO AVALON GLOBOCARE CORP. COMMON SHAREHOLDERS | −18 | −8 | −17 | −12 | — | |
| Basic, continuing operations (in Dollars per share) | −5.41 | −7.52 | — | — | — | |
| Diluted, continuing operations (in Dollars per share) | −5.41 | −7.52 | — | — | — | |
| Basic, discontinued operations (in Dollars per share) | −0.23 | −0.92 | — | — | — | |
| Diluted, discontinued operations (in Dollars per share) | −0.23 | −0.92 | — | — | — | |
| Net Loss Per Common Share Attributable Common Shareholders basic (in Dollars per share) | −5.64 | −8.44 | −23.8 | −1.28 | −1.07 | |
| Net Loss Per Common Share Attributable Common Shareholders diluted (in Dollars per share) | −5.64 | −8.44 | −23.8 | −1.28 | −1.07 | |
| Weighted Average Common Shares Outstanding Basic (in Shares) | 3 | 936,614 | 701,932 | 9 | 8 | |
| Weighted Average Common Shares Outstanding diluted (in Shares) | 3 | 936,614 | 701,932 | 9 | 8 | |
| Unrealized foreign currency translation loss | −9,402 | −273 | −18,590 | −47,871 | 25,244 | |
| COMPREHENSIVE LOSS | −18 | −8 | −17 | −12 | −9 | |
| LESS: COMPREHENSIVE LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST | — | — | — | — | — | |
| COMPREHENSIVE LOSS ATTRIBUTABLE TO AVALON GLOBOCARE CORP. COMMON SHAREHOLDERS | −18 | −8 | −17 | −12 | −9 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2023 2023-09-30 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Cash | 109,091 | 3 | 285,400 | — | — | |
| Receivable from sale of equity method investment | 748,000 | — | — | — | — | |
| Prepaid expense and other current assets | 282,170 | 255,084 | 367,994 | — | 247,990 | |
| Current assets of discontinued operations | 356,616 | 323,232 | — | — | — | |
| Total Current Assets | 1 | 3 | 850,867 | — | 2 | |
| Operating lease right-of-use assets, net | — | 4,709 | 128,250 | — | 10,885 | |
| Property and equipment, net | 727 | 1,298 | 38,083 | — | 138,294 | |
| Intangible assets, net | 2 | — | — | — | — | |
| Goodwill | 13 | — | — | — | — | |
| Equity method investments, net | — | 11 | 12 | — | 485,008 | |
| Non-current assets of discontinued operations | 7 | 7 | — | — | — | |
| Total Non-current Assets | 22 | 18 | 20 | — | 17 | |
| Total Assets | 23 | 21 | 21 | — | 20 | |
| Accrued professional fees | 2 | 611,462 | 2 | — | 2 | |
| Accrued research and development fees | 153,772 | 153,772 | 208,772 | — | 838,001 | |
| Accrued payroll liability and compensation | 1 | 501,258 | 588,722 | — | 223,722 | |
| Accrued litigation settlement | 363,450 | 373,450 | 450,000 | — | — | |
| Accrued liabilities and other payables | 281,063 | 228,800 | 272,915 | — | 283,234 | |
| Operating lease obligation | 6,000 | 10,709 | 129,396 | — | 11,437 | |
| Derivative liability | 34,156 | 127,545 | 24,796 | 20,920 | — | |
| Stock subscription liability | 150,000 | — | — | — | — | |
| Bridge loan payable, net | 197,341 | — | — | — | — | |
| Convertible note payable, net | 737,018 | 2 | 2 | — | — | |
| Current liabilities of discontinued operations | 6 | 6 | — | — | — | |
| Total Current Liabilities | 14 | 14 | 7 | — | 4 | |
| Non-current liabilities of discontinued operations | 23,515 | — | — | — | — | |
| Total Non-current Liabilities | 23,515 | — | 6 | — | 5 | |
| Total Liabilities | 14 | 14 | 13 | — | 9 | |
| Commitments and Contingencies (Note 22) | — | — | — | — | — | |
| Preferred stock, Value | — | — | — | — | 9 | |
| Common stock, $0.0001 par value; 100,000,000 shares authorized; 4,857,476 shares issued and 4,854,009 shares outstanding at December 31, 2025; 1,445,979 shares issued and 1,442,512 shares outstanding at December 31, 2024 | 486 | 145 | 74 | — | 1,005 | |
| Additional paid-in capital | 88 | 72 | 68 | — | 66 | |
| Less: common stock held in treasury, at cost; 3,467 shares at December 31, 2025 and 2024 | −522,500 | −522,500 | −522,500 | — | −522,500 | |
| Accumulated deficit | −106 | −88 | −80 | — | −63 | |
| Statutory reserve | 6,578 | 6,578 | — | — | — | |
| Accumulated other comprehensive loss | −241,402 | −232,000 | −231,727 | — | −213,137 | |
| Total Avalon GloboCare Corp. stockholders' equity | 9 | 7 | 7 | — | 11 | |
| Noncontrolling interest | — | — | — | — | — | |
| Total Equity | 9 | 7 | 7 | — | 11 | |
| Total Liabilities and Equity | 23 | 21 | 21 | — | 20 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization of intangible assets | 94,443 | 611 | 211,720 | 330,723 | 311,761 | |
| Amortization of operating lease right-of-use asset | 64,388 | 122,553 | 118,226 | 135,557 | 127,020 | |
| Stock-based compensation and service expense | 2 | 521,509 | 1 | 1 | 2 | |
| (Income) loss from equity method investment | −392,677 | 846,588 | 9 | 41,863 | — | |
| Distribution of earnings from equity method investment | — | 611,888 | — | — | — | |
| Impairment of laboratory equipment | — | 111,033 | — | — | — | |
| Debt modification charge | — | 688,794 | — | — | — | |
| Loss on extinguishment of debt | 9 | — | — | — | — | |
| Security deposit | 17,491 | — | 396 | −416 | 6,847 | |
| Prepaid expense and other assets | −22,299 | −106,999 | 411 | −45,996 | 95,133 | |
| Accrued liabilities and other payables | 2 | −1 | −16,601 | 331,425 | 1 | |
| Accrued liabilities and other payables - related parties | — | −14,051 | — | — | — | |
| Operating lease obligation | −64,388 | −122,553 | −112,915 | — | — | |
| NET CASH USED IN OPERATING ACTIVITIES FROM CONTINUING OPERATIONS | −5 | −5 | — | — | — | |
| Payment for equity interest purchase | — | −100,000 | — | −51,999 | — | |
| Cash acquired on acquisition | 14,026 | — | — | — | — | |
| Proceeds from sale of equity method investment | 1 | — | — | — | — | |
| NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES FROM CONTINUING OPERATIONS | 1 | −100,000 | — | — | — | |
| Proceeds from issuance of convertible debt and warrants | — | 3 | — | — | — | |
| Proceeds from issuance of convertible debt | 200,000 | — | — | — | — | |
| Payments of convertible debt issuance costs | — | −282,700 | −327,200 | — | — | |
| Repayments of convertible debt | — | −3 | −300,000 | — | — | |
| Repayments of loan payable - related party | — | −400,000 | — | −410,000 | — | |
| Proceeds from stock subscription liability | 150,000 | — | — | — | — | |
| Advance from pending sale of noncontrolling interest in subsidiary | 49,972 | 2 | 485,714 | — | — | |
| Proceeds from issuance of convertible preferred stock | 300,000 | 4 | — | 9 | — | |
| Payments of convertible preferred stock issuance costs | −10,000 | — | — | — | — | |
| Proceeds from issuance of bridge loan | 300,000 | — | — | — | — | |
| Proceeds from issuance of common stock and warrants | 475,500 | — | — | — | — | |
| Payments of offering costs | −64,652 | — | — | — | — | |
| Proceeds from equity offering | — | 3 | 635,391 | — | — | |
| Disbursements for equity offering costs | — | −138,405 | −19,132 | — | — | |
| NET CASH PROVIDED BY FINANCING ACTIVITIES FROM CONTINUING OPERATIONS | 1 | 8 | 5 | 17 | 5 | |
| Net cash used in operating activities from discontinued operations | −407,434 | −289,965 | — | — | — | |
| Net cash used in investing activities from discontinued operations | −35,865 | — | — | — | — | |
| NET CASH FLOWS USED IN DISCONTINUED OPERATIONS | −443,299 | −289,965 | — | — | — | |
| EFFECT OF EXCHANGE RATE ON CASH - CONTINUING OPERATIONS | −9,018 | 1,447 | −3,970 | 10,077 | 3,443 | |
| NET (DECREASE) INCREASE IN CASH | −3 | 3 | −2 | 1 | 80,961 | |
| Interest | 916,643 | 1 | 718,753 | 176,000 | — | |
| Common stock issued for future services | 8,530 | — | — | — | 155,700 | |
| Common stock issued for accrued liabilities | 42,385 | 60,000 | 164,871 | 30,000 | 276,032 | |
| Receivable related to sale of equity method investment | 2 | — | — | — | — | |
| Related party payable extinguished upon sale of equity method investment | 632,916 | — | — | — | — | |
| Series B Convertible Preferred Stock extinguished related to sale of equity method investment | 11 | — | — | — | — | |
| Series D Convertible Preferred Stock issued in exchange of Series A Convertible Preferred Stock | 9 | — | — | — | — | |
| Warrants issued as convertible note payable finder's fee | — | 40,900 | 16,977 | — | — | |
| Warrants issued with convertible note payable recorded as debt discount | — | 438,568 | 196,193 | 498,509 | — | |
| Common stock issued as convertible note payable commitment fee | 26,800 | 320,546 | — | — | — | |
| Equity method investment payable paid by a related party | — | 566,667 | — | — | — | |
| Reclassification of deferred offering costs | — | 175,136 | — | — | — | |
| Settlement of derivative liability | 176,529 | 2,354 | — | — | — | |
| Issuance of common stock upon cashless exercise of stock warrants | 43 | 4 | — | — | — | |
| Initial ROU asset and lease liability | 127,486 | — | — | — | — | |
| Conversion of convertible note payable and accrued interest into common stock | 2 | — | 236,400 | 4 | — | |
| Deferred financing costs in accrued liabilities | 45,000 | — | 202,892 | — | — | |
| Legal fees recorded to receivable from sale of equity method investment | 50,000 | — | — | — | — | |
| Reclassification of related party loan payable and accrued expenses to advance from related party | — | 500,000 | — | — | — | |
| Shares issued for adjustments for 1:15 reverse split | — | 21 | — | — | 202,500 | |
| Bridge loan issuance costs in accrued liabilities | 18,846 | — | — | — | — | |
| Common stock issued as convertible note payable commitment fee included in accrued liabilities | 138,000 | — | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Avalon GloboCare Corp.'s CIK number?
Avalon GloboCare Corp.'s SEC CIK number is 0001630212 (1630212). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Avalon GloboCare Corp.'s SEC filings?
All of Avalon GloboCare Corp.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.