2023 Q1 Form 10-K Financial Statement
#000121390023024687 Filed on March 30, 2023
Income Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
Revenue | $296.2K | $300.0K | $1.202M |
YoY Change | -0.49% | -10.23% | -13.57% |
Cost Of Revenue | $250.0K | $250.0K | $930.0K |
YoY Change | 14.44% | 5.78% | -4.76% |
Gross Profit | $47.72K | $40.00K | $272.7K |
YoY Change | -39.73% | -59.12% | -34.21% |
Gross Profit Margin | 16.11% | 13.33% | 22.69% |
Selling, General & Admin | $2.620M | $2.090M | $6.980M |
YoY Change | 25.39% | 3.88% | 2.22% |
% of Gross Profit | 5490.36% | 5225.0% | 2559.33% |
Research & Development | $92.35K | $190.0K | $731.3K |
YoY Change | -20.85% | -45.55% | -18.74% |
% of Gross Profit | 193.52% | 475.0% | 268.15% |
Depreciation & Amortization | $61.06K | $80.00K | $330.7K |
YoY Change | -28.15% | -5.9% | 6.08% |
% of Gross Profit | 127.95% | 200.0% | 121.26% |
Operating Expenses | $2.712M | $2.280M | $9.066M |
YoY Change | 22.93% | -3.42% | 907.29% |
Operating Profit | -$2.664M | -$2.240M | -$8.793M |
YoY Change | 25.26% | -1.02% | 1711.18% |
Interest Expense | $2.021K | -$150.0K | $176.0K |
YoY Change | -103.84% | 110.44% | -167.45% |
% of Operating Profit | |||
Other Income/Expense, Net | $36.55K | -$40.00K | -$11.93M |
YoY Change | -66.47% | -200100.0% | -279510.94% |
Pretax Income | -$2.784M | -$2.420M | -$11.93M |
YoY Change | 34.45% | 3.67% | 31.25% |
Income Tax | $0.00 | ||
% Of Pretax Income | |||
Net Earnings | -$2.784M | -$2.420M | -$11.93M |
YoY Change | 34.45% | 3.67% | 31.25% |
Net Earnings / Revenue | -939.99% | -806.67% | -992.44% |
Basic Earnings Per Share | -$0.28 | -$1.28 | |
Diluted Earnings Per Share | -$0.28 | -$0.25 | -$1.28 |
COMMON SHARES | |||
Basic Shares Outstanding | 10.16M shares | 99.22M shares | 9.329M shares |
Diluted Shares Outstanding | 10.02M shares | 9.329M shares |
Balance Sheet
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $890.0K | $1.990M | $1.990M |
YoY Change | 69.11% | 146.43% | 146.43% |
Cash & Equivalents | $887.0K | $1.991M | |
Short-Term Investments | |||
Other Short-Term Assets | $40.43K | $34.03K | $250.0K |
YoY Change | -85.38% | -91.99% | -41.13% |
Inventory | |||
Prepaid Expenses | $248.0K | ||
Receivables | $130.0K | $60.00K | $60.00K |
Other Receivables | $0.00 | $80.00K | $80.00K |
Total Short-Term Assets | $1.391M | $2.374M | $2.370M |
YoY Change | 52.31% | 79.4% | 79.13% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $140.1K | $138.3K | $7.510M |
YoY Change | -98.23% | -61.75% | -6.54% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $21.39M | $485.0K | $9.480M |
YoY Change | 4143.84% | -5.94% | 1738.53% |
Other Assets | $378.2K | $384.4K | $380.0K |
YoY Change | 113.86% | 414.93% | 85.63% |
Total Long-Term Assets | $29.58M | $17.38M | $17.38M |
YoY Change | 237.87% | 94.84% | 94.86% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.391M | $2.374M | $2.370M |
Total Long-Term Assets | $29.58M | $17.38M | $17.38M |
Total Assets | $30.97M | $19.75M | $19.75M |
YoY Change | 220.34% | 92.85% | 92.83% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $102.0K | $100.0K | $1.220M |
YoY Change | -94.85% | -26.95% | |
Accrued Expenses | $2.890M | $2.360M | $2.360M |
YoY Change | -8.86% | 0.86% | 0.86% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $5.176M | $3.580M | $3.580M |
YoY Change | 0.56% | -18.67% | -18.67% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $5.340M | $4.560M | $4.560M |
YoY Change | 64.8% | 65.8% | 65.8% |
Other Long-Term Liabilities | $550.0K | $450.0K | $450.0K |
YoY Change | 7527.12% | 7527.12% | |
Total Long-Term Liabilities | $5.885M | $5.013M | $5.010M |
YoY Change | 81.63% | 81.89% | 81.77% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $5.176M | $3.580M | $3.580M |
Total Long-Term Liabilities | $5.885M | $5.013M | $5.010M |
Total Liabilities | $11.06M | $8.593M | $8.590M |
YoY Change | 31.88% | 20.05% | 20.01% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$65.85M | -$63.06M | |
YoY Change | 23.33% | ||
Common Stock | $66.48M | $65.95M | |
YoY Change | 20.13% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $522.5K | $522.5K | |
YoY Change | 0.0% | ||
Treasury Stock Shares | 52.00K shares | ||
Shareholders Equity | $19.91M | $11.16M | $11.16M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $30.97M | $19.75M | $19.75M |
YoY Change | 220.34% | 92.85% | 92.83% |
Cashflow Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$2.784M | -$2.420M | -$11.93M |
YoY Change | 34.45% | 3.67% | 31.25% |
Depreciation, Depletion And Amortization | $61.06K | $80.00K | $330.7K |
YoY Change | -28.15% | -5.9% | 6.08% |
Cash From Operating Activities | -$1.835M | -$1.970M | -$7.037M |
YoY Change | 258.92% | 14.74% | 40.06% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $20.19K | $0.00 | $1.749K |
YoY Change | -1253.43% | -100.0% | -106.28% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$9.000M | -$9.050M | |
YoY Change | 7499900.0% | 22356.58% | |
Cash From Investing Activities | -$20.19K | -$9.000M | -$9.053M |
YoY Change | 1053.43% | 4999900.0% | 13186.57% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $750.0K | 9.000M | $17.26M |
YoY Change | 223.97% | 351.85% | 233.92% |
NET CHANGE | |||
Cash From Operating Activities | -$1.835M | -1.970M | -$7.037M |
Cash From Investing Activities | -$20.19K | -9.000M | -$9.053M |
Cash From Financing Activities | $750.0K | 9.000M | $17.26M |
Net Change In Cash | -$1.104M | -1.970M | $1.183M |
YoY Change | 292.2% | -817.28% | 1426.73% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.835M | -$1.970M | -$7.037M |
Capital Expenditures | $20.19K | $0.00 | $1.749K |
Free Cash Flow | -$1.855M | -$1.970M | -$7.039M |
YoY Change | 264.11% | 14.74% | 40.87% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2021Q4 | us-gaap |
Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
|
usd | |
CY2021Q4 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
usd | |
CY2022Q4 | us-gaap |
Long Term Loans Payable
LongTermLoansPayable
|
usd | |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2022 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
usd | |
CY2022 | dei |
Document Type
DocumentType
|
10-K | |
CY2022 | dei |
Document Annual Report
DocumentAnnualReport
|
true | |
CY2022 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2022-12-31 | |
CY2022 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2022 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2022 | |
CY2022 | dei |
Document Transition Report
DocumentTransitionReport
|
false | |
CY2022 | dei |
Entity File Number
EntityFileNumber
|
001-38728 | |
CY2022 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | |
CY2022 | dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
47-1685128 | |
CY2022 | dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
4400 Route 9 South | |
CY2022 | dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
Suite 3100 | |
CY2022 | dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Freehold | |
CY2022 | dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
NJ | |
CY2022 | dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
07728 | |
CY2022 | dei |
City Area Code
CityAreaCode
|
732 | |
CY2022 | dei |
Local Phone Number
LocalPhoneNumber
|
780-4400 | |
CY2022 | dei |
Security12b Title
Security12bTitle
|
Common Stock, $0.0001 par value per share | |
CY2022 | dei |
Trading Symbol
TradingSymbol
|
ALBT | |
CY2022 | dei |
Security Exchange Name
SecurityExchangeName
|
NASDAQ | |
CY2022 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No | |
CY2022 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
CY2022 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2022 | dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | |
CY2022 | dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | |
CY2022 | dei |
Entity Small Business
EntitySmallBusiness
|
true | |
CY2022 | dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
false | |
CY2022 | dei |
Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
|
false | |
CY2022 | dei |
Entity Shell Company
EntityShellCompany
|
false | |
CY2022Q2 | dei |
Entity Public Float
EntityPublicFloat
|
15433000 | usd |
CY2023Q1 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
10164307 | shares |
CY2022 | dei |
Auditor Firm
AuditorFirmId
|
688 | |
CY2022 | dei |
Auditor Name
AuditorName
|
Marcum llp | |
CY2022 | dei |
Auditor Location
AuditorLocation
|
New York | |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1990910 | usd |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
807538 | usd |
CY2022Q4 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
60526 | usd |
CY2021Q4 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
33618 | usd |
CY2022Q4 | us-gaap |
Due From Related Parties Current
DueFromRelatedPartiesCurrent
|
74100 | usd |
CY2021Q4 | us-gaap |
Due From Related Parties Current
DueFromRelatedPartiesCurrent
|
33600 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
247990 | usd |
CY2021Q4 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
448286 | usd |
CY2022Q4 | us-gaap |
Assets Current
AssetsCurrent
|
2373526 | usd |
CY2021Q4 | us-gaap |
Assets Current
AssetsCurrent
|
1323042 | usd |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
10885 | usd |
CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
145303 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
138294 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
361547 | usd |
CY2022Q4 | us-gaap |
Real Estate Investments
RealEstateInvestments
|
7360087 | usd |
CY2021Q4 | us-gaap |
Real Estate Investments
RealEstateInvestments
|
7528770 | usd |
CY2022Q4 | us-gaap |
Equity Method Investment Aggregate Cost
EquityMethodInvestmentAggregateCost
|
485008 | usd |
CY2021Q4 | us-gaap |
Equity Method Investment Aggregate Cost
EquityMethodInvestmentAggregateCost
|
515632 | usd |
CY2022Q4 | avco |
Advances For Equity Interest Purchase
AdvancesForEquityInterestPurchase
|
8999722 | usd |
CY2022Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
384383 | usd |
CY2021Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
367922 | usd |
CY2022Q4 | us-gaap |
Assets Noncurrent
AssetsNoncurrent
|
17378379 | usd |
CY2021Q4 | us-gaap |
Assets Noncurrent
AssetsNoncurrent
|
8919174 | usd |
CY2022Q4 | us-gaap |
Assets
Assets
|
19751905 | usd |
CY2021Q4 | us-gaap |
Assets
Assets
|
10242216 | usd |
CY2022Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
1673411 | usd |
CY2021Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
1881349 | usd |
CY2022Q4 | avco |
Accrued Research And Developments Fees
AccruedResearchAndDevelopmentsFees
|
838001 | usd |
CY2021Q4 | avco |
Accrued Research And Developments Fees
AccruedResearchAndDevelopmentsFees
|
928111 | usd |
CY2022Q4 | us-gaap |
Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
|
223722 | usd |
CY2021Q4 | us-gaap |
Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
|
307043 | usd |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
450000 | usd |
CY2022Q4 | us-gaap |
Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
|
283234 | usd |
CY2021Q4 | us-gaap |
Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
|
275320 | usd |
CY2022Q4 | us-gaap |
Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
|
100000 | usd |
CY2021Q4 | us-gaap |
Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
|
468433 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
11437 | usd |
CY2021Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
151402 | usd |
CY2021Q4 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
390000 | usd |
CY2022Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
3579805 | usd |
CY2021Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
4401658 | usd |
CY2021Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
5901 | usd |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
|
450000 | usd |
CY2022Q4 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
4563152 | usd |
CY2021Q4 | us-gaap |
Long Term Loans Payable
LongTermLoansPayable
|
2750262 | usd |
CY2022Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
5013152 | usd |
CY2021Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
2756163 | usd |
CY2022Q4 | us-gaap |
Liabilities
Liabilities
|
8592957 | usd |
CY2021Q4 | us-gaap |
Liabilities
Liabilities
|
7157821 | usd |
CY2022Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2021Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
9000000 | usd |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2021Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
490000000 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
490000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
10013576 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
9961576 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
8897518 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
8845518 | shares |
CY2022Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
1005 | usd |
CY2021Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
8898 | usd |
CY2022Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
65949723 | usd |
CY2021Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
54888559 | usd |
CY2022Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
52000 | shares |
CY2021Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
52000 | shares |
CY2022Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
522500 | usd |
CY2021Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
522500 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-63062721 | usd |
CY2021Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-51131874 | usd |
CY2022Q4 | avco |
Statutory Reserve
StatutoryReserve
|
6578 | usd |
CY2021Q4 | avco |
Statutory Reserve
StatutoryReserve
|
6578 | usd |
CY2022Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-213137 | usd |
CY2021Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-165266 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
11158948 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3084395 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
11158948 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3084395 | usd |
CY2022Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
19751905 | usd |
CY2021Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
10242216 | usd |
CY2022 | us-gaap |
Premiums Earned Net Property And Casualty
PremiumsEarnedNetPropertyAndCasualty
|
1202169 | usd |
CY2021 | us-gaap |
Premiums Earned Net Property And Casualty
PremiumsEarnedNetPropertyAndCasualty
|
1203560 | usd |
CY2021 | avco |
Medical Related Consulting Services Related Party
MedicalRelatedConsultingServicesRelatedParty
|
187412 | usd |
CY2022 | us-gaap |
Revenues
Revenues
|
1202169 | usd |
CY2021 | us-gaap |
Revenues
Revenues
|
1390972 | usd |
CY2022 | avco |
Real Property Operating Expenses
RealPropertyOperatingExpenses
|
929441 | usd |
CY2021 | avco |
Real Property Operating Expenses
RealPropertyOperatingExpenses
|
829287 | usd |
CY2021 | avco |
Medical Related Consulting Services Related Parties
MedicalRelatedConsultingServicesRelatedParties
|
147167 | usd |
CY2022 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
929441 | usd |
CY2021 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
976454 | usd |
CY2022 | avco |
Real Property Operating Income
RealPropertyOperatingIncome
|
-272728 | usd |
CY2021 | avco |
Real Property Operating Income
RealPropertyOperatingIncome
|
-374273 | usd |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.28 | |
CY2021 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.07 | |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
9328609 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
8491103 | shares |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4116919 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
2553409 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
202500 | usd |
CY2021 | avco |
Issuance Of Common Stock For Settlement Of Loan Payable Related Party
IssuanceOfCommonStockForSettlementOfLoanPayableRelatedParty
|
3000000 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
1507488 | usd |
CY2021 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
40245 | usd |
CY2022 | us-gaap |
Gross Profit
GrossProfit
|
272728 | usd |
CY2021 | us-gaap |
Gross Profit
GrossProfit
|
414518 | usd |
CY2022 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
1325313 | usd |
CY2021 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
328565 | usd |
CY2022 | us-gaap |
Professional Fees
ProfessionalFees
|
2909652 | usd |
CY2021 | us-gaap |
Professional Fees
ProfessionalFees
|
4946696 | usd |
CY2022 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
1863188 | usd |
CY2021 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
2042278 | usd |
CY2022 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
731328 | usd |
CY2021 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1025009 | usd |
CY2022 | avco |
Loss From Lawsuit
LossFromLawsuit
|
1350000 | usd |
CY2022 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
886142 | usd |
CY2021 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
905800 | usd |
CY2022 | us-gaap |
Operating Expenses
OperatingExpenses
|
9065623 | usd |
CY2021 | us-gaap |
Operating Expenses
OperatingExpenses
|
9248348 | usd |
CY2022 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-8792895 | usd |
CY2021 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-8833830 | usd |
CY2022 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
3310684 | usd |
CY2022 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
185751 | usd |
CY2022 | us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
79898 | usd |
CY2021 | us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
200477 | usd |
CY2022 | us-gaap |
Other Expenses
OtherExpenses
|
344264 | usd |
CY2022 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-41863 | usd |
CY2021 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-60463 | usd |
CY2022 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
600749 | usd |
CY2022 | us-gaap |
Other Income
OtherIncome
|
223759 | usd |
CY2021 | us-gaap |
Other Income
OtherIncome
|
4271 | usd |
CY2022 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-3137952 | usd |
CY2021 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-256669 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-11930847 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-9090499 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-11930847 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-9090499 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
-11930847 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
-9090499 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-11930847 | usd |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
-9090499 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
|
47871 | usd |
CY2021 | us-gaap |
Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
|
-25244 | usd |
CY2022 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-11978718 | usd |
CY2021 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-9065255 | usd |
CY2022 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-11978718 | usd |
CY2021 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-9065255 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
769334 | usd |
CY2021 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
25244 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-9090499 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3084395 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
362328 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
498509 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
4072958 | usd |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
2181820 | usd |
CY2022 | avco |
Issuance Of Common Stock For Settlement Of Loan Payable And Accrued Interest Related Party
IssuanceOfCommonStockForSettlementOfLoanPayableAndAccruedInterestRelatedParty
|
2888593 | usd |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
350000 | usd |
CY2022 | us-gaap |
Convertible Preferred Stock Converted To Other Securities
ConvertiblePreferredStockConvertedToOtherSecurities
|
9000000 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
340950 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
358113 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
-47871 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-11930847 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
11158948 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-11930847 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-9090499 | usd |
CY2022 | us-gaap |
Provision For Other Losses
ProvisionForOtherLosses
|
2295 | usd |
CY2021 | us-gaap |
Provision For Other Losses
ProvisionForOtherLosses
|
8091 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
330723 | usd |
CY2021 | us-gaap |
Depreciation
Depreciation
|
311761 | usd |
CY2022 | us-gaap |
Straight Line Rent
StraightLineRent
|
6821 | usd |
CY2021 | us-gaap |
Straight Line Rent
StraightLineRent
|
51246 | usd |
CY2022 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
135557 | usd |
CY2021 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
127020 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1106634 | usd |
CY2021 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2110169 | usd |
CY2022 | avco |
Loss On Equity Method Investment
LossOnEquityMethodInvestment
|
41863 | usd |
CY2021 | avco |
Loss On Equity Method Investment
LossOnEquityMethodInvestment
|
60463 | usd |
CY2022 | us-gaap |
Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
|
-22285 | usd |
CY2022 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
3281078 | usd |
CY2022 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
29606 | usd |
CY2022 | us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
344264 | usd |
CY2022 | us-gaap |
Line Of Credit Assumed1
LineOfCreditAssumed1
|
600749 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
3265 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
168 | usd |
CY2022 | us-gaap |
Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
40500 | usd |
CY2021 | us-gaap |
Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
33600 | usd |
CY2022 | us-gaap |
Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
|
-416 | usd |
CY2021 | us-gaap |
Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
|
6847 | usd |
CY2022 | avco |
Deferred Leasing Costs
DeferredLeasingCosts
|
27298 | usd |
CY2021 | avco |
Deferred Leasing Costs
DeferredLeasingCosts
|
21203 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
45996 | usd |
CY2021 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-95133 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
331425 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
1330890 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
79898 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
200477 | usd |
CY2022 | avco |
Increase Decrease Operating Lease
IncreaseDecreaseOperatingLease
|
141556 | usd |
CY2021 | avco |
Increase Decrease Operating Lease
IncreaseDecreaseOperatingLease
|
121020 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-7037224 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-5024479 | usd |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1749 | usd |
CY2021 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
17502 | usd |
CY2021 | us-gaap |
Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
|
10332 | usd |
CY2022 | avco |
Additional Investment In Equity Method Investment
AdditionalInvestmentInEquityMethodInvestment
|
51999 | usd |
CY2021 | avco |
Additional Investment In Equity Method Investment
AdditionalInvestmentInEquityMethodInvestment
|
40301 | usd |
CY2022 | us-gaap |
Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
|
8999722 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-9053470 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-68135 | usd |
CY2022 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
390000 | usd |
CY2022 | us-gaap |
Proceeds From Construction Loans Payable
ProceedsFromConstructionLoansPayable
|
100000 | usd |
CY2021 | us-gaap |
Proceeds From Construction Loans Payable
ProceedsFromConstructionLoansPayable
|
2550262 | usd |
CY2022 | us-gaap |
Repayments Of Construction Loans Payable
RepaymentsOfConstructionLoansPayable
|
410000 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
3718943 | usd |
CY2022 | avco |
Proceeds From Issuance Of Balloon Promissory Note
ProceedsFromIssuanceOfBalloonPromissoryNote
|
4800000 | usd |
CY2022 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
266454 | usd |
CY2022 | avco |
Proceeds Received From Equity Offering
ProceedsReceivedFromEquityOffering
|
735567 | usd |
CY2021 | avco |
Proceeds Received From Equity Offering
ProceedsReceivedFromEquityOffering
|
2860304 | usd |
CY2022 | avco |
Disbursements For Equity Offering Costs
DisbursementsForEquityOfferingCosts
|
24067 | usd |
CY2021 | avco |
Disbursements For Equity Offering Costs
DisbursementsForEquityOfferingCosts
|
240434 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
|
9000000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
17263989 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
5170132 | usd |
CY2022 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
10077 | usd |
CY2021 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3443 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
1183372 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
80961 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
807538 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
726577 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1990910 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
807538 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
176000 | usd |
CY2021 | avco |
Common Stock Issued For Future Services
CommonStockIssuedForFutureServices
|
155700 | usd |
CY2022 | avco |
Common Stock Issued For Accrued Liabilities
CommonStockIssuedForAccruedLiabilities
|
30000 | usd |
CY2021 | avco |
Common Stock Issued For Accrued Liabilities
CommonStockIssuedForAccruedLiabilities
|
276032 | usd |
CY2021 | us-gaap |
Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
|
57599 | usd |
CY2021 | avco |
Accrued Professional Fees Relieved For Shares Issued
AccruedProfessionalFeesRelievedForSharesIssued
|
202500 | usd |
CY2022 | avco |
Warrants Issued With Convertible Note Payable
WarrantsIssuedWithConvertibleNotePayable
|
498509 | usd |
CY2022 | us-gaap |
Liabilities Assumed1
LiabilitiesAssumed1
|
2782569 | usd |
CY2022 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
4072958 | usd |
CY2022 | avco |
Reclassification Of Derivative Liability To Equity
ReclassificationOfDerivativeLiabilityToEquity
|
2181820 | usd |
CY2022 | avco |
Related Party Loan And Accrued Interest Settled In Shares
RelatedPartyLoanAndAccruedInterestSettledInShares
|
2888593 | usd |
CY2021 | avco |
Related Party Loan And Accrued Interest Settled In Shares
RelatedPartyLoanAndAccruedInterestSettledInShares
|
3000000 | usd |
CY2016Q4 | avco |
Exchange For Common Stock
ExchangeForCommonStock
|
50000000 | shares |
CY2022 | avco |
Percentage Of Capital Stock
PercentageOfCapitalStock
|
1 | pure |
CY2022Q4 | avco |
Working Capital Deficit
WorkingCapitalDeficit
|
1206279 | usd |
CY2022 | avco |
Negative Cash Flow From Operating Activities
NegativeCashFlowFromOperatingActivities
|
11930847 | usd |
CY2021 | avco |
Negative Cash Flow From Operating Activities
NegativeCashFlowFromOperatingActivities
|
-7037224 | usd |
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; "><b>Use of Estimates</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; "> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Changes in these estimates and assumptions may have a material impact on the consolidated financial statements and accompanying notes. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates. Significant estimates during the years ended December 31, 2022 and 2021 include the useful life of property and equipment and investment in real estate, assumptions used in assessing impairment of long-term assets, valuation of deferred tax assets and the associated valuation allowances, valuation of stock-based compensation, and assumptions used to determine fair value of warrants and embedded conversion features of convertible note payable.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; "><b> </b></p> | |
CY2022Q4 | us-gaap |
Cash And Due From Banks
CashAndDueFromBanks
|
1990910 | usd |
CY2022Q4 | avco |
Cash Percentage
CashPercentage
|
1 | pure |
CY2021Q4 | us-gaap |
Cash And Due From Banks
CashAndDueFromBanks
|
807538 | usd |
CY2021Q4 | avco |
Cash Percentage
CashPercentage
|
1 | pure |
CY2022Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
8999722 | usd |
CY2022 | avco |
Cash And Cash Equivalents Description
CashAndCashEquivalentsDescription
|
Balances at state-owned banks within the PRC are covered by insurance up to RMB 500,000 (approximately $72,000) per bank. Any balance over RMB 500,000 per bank in PRC will not be covered. | |
CY2022Q4 | avco |
Cash And Due From Bank
CashAndDueFromBank
|
1274920 | cny |
CY2022Q4 | avco |
Cash And Due From Bank
CashAndDueFromBank
|
185000 | usd |
CY2022Q4 | us-gaap |
Cash Uninsured Amount
CashUninsuredAmount
|
722573 | cny |
CY2022Q4 | us-gaap |
Cash Uninsured Amount
CashUninsuredAmount
|
105000 | usd |
CY2022 | avco |
Federallyinsured Limits
FederallyinsuredLimits
|
250000 | usd |
CY2022Q4 | us-gaap |
Cash
Cash
|
4952000 | usd |
CY2022 | avco |
Deferred Financing Costs
DeferredFinancingCosts
|
174107 | usd |
CY2021 | avco |
Deferred Financing Costs
DeferredFinancingCosts
|
213279 | usd |
CY2022Q4 | us-gaap |
Other Restricted Assets Current
OtherRestrictedAssetsCurrent
|
34821 | usd |
CY2021Q4 | us-gaap |
Other Restricted Assets Current
OtherRestrictedAssetsCurrent
|
138 | usd |
CY2022Q4 | us-gaap |
Other Restricted Assets Noncurrent
OtherRestrictedAssetsNoncurrent
|
139286 | usd |
CY2021Q4 | us-gaap |
Other Restricted Assets Noncurrent
OtherRestrictedAssetsNoncurrent
|
74648 | usd |
CY2022Q4 | us-gaap |
Accumulated Amortization Of Current Deferred Finance Costs
AccumulatedAmortizationOfCurrentDeferredFinanceCosts
|
236848 | usd |
CY2022Q4 | us-gaap |
Deferred Income
DeferredIncome
|
27685 | usd |
CY2021Q4 | us-gaap |
Deferred Income
DeferredIncome
|
8638 | usd |
CY2022 | avco |
Rent Receivable And Allowance For Doubtful Accounts
RentReceivableAndAllowanceForDoubtfulAccounts
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; "><b>Revenue Recognition</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span>The Company recognizes revenue under Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers (“ASC 606”). The core principle of the revenue standard is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The following five steps are applied to achieve that core principle:</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 24px"> </td> <td style="width: 24px">●</td> <td style="text-align: justify">Step 1: Identify the contract with the customer</td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 36pt; text-align: justify"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 24px"> </td> <td style="width: 24px">●</td> <td style="text-align: justify">Step 2: Identify the performance obligations in the contract</td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 24px"> </td> <td style="width: 24px">●</td> <td style="text-align: justify">Step 3: Determine the transaction price</td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 24px"> </td> <td style="width: 24px">●</td> <td style="text-align: justify">Step 4: Allocate the transaction price to the performance obligations in the contract</td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 24px"> </td> <td style="width: 24px">●</td> <td style="text-align: justify">Step 5: Recognize revenue when the company satisfies a performance obligation</td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span>In order to identify the performance obligations in a contract with a customer, a company must assess the promised goods or services in the contract and identify each promised goods or service that is distinct. A performance obligation meets ASC 606’s defi<span style="font-family: Times New Roman, Times, Serif">nition of a “distinct” goods or service (or bundle of goods or services) if both of the following criteria are met:</span></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="font-family: Times New Roman, Times, Serif; vertical-align: top"> <td style="font-family: Times New Roman, Times, Serif; width: 18pt"/><td style="font-family: Times New Roman, Times, Serif; width: 18pt"><span style="font-family: Times New Roman, Times, Serif">●</span></td><td style="font-family: Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; ">The customer can benefit from the goods or service either on its own or together with other resources that are readily available to the customer (i.e., the goods or service is capable of being distinct).</span></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="font-family: Times New Roman, Times, Serif; vertical-align: top"> <td style="font-family: Times New Roman, Times, Serif; width: 18pt"/><td style="font-family: Times New Roman, Times, Serif; width: 18pt"><span style="font-family: Times New Roman, Times, Serif">●</span></td><td style="font-family: Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; ">The entity’s promise to transfer the goods or service to the customer is separately identifiable from other promises in the contract (i.e., the promise to transfer the goods or service is distinct within the context of the contract).</span></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; ">If a goods or service is not distinct, the goods or service is combined with other promised goods or services until a bundle of goods or services is identified that is distinct.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span>The transaction price is the amount of consideration to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer, excluding amounts collected on behalf of third parties (for example, some sales taxes). The consideration promised in a contract with a customer may include fixed amounts, variable amounts, or both. Variable consideration is included in the transaction price only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is subsequently resolved.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span>The transaction price is allocated to each performance obligation on a relative standalone selling price basis. The transaction price allocated to each performance obligation is recognized when that performance obligation is satisfied, at a point in time or over time as appropriate.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span>The Company’s revenues are derived from providing medial related consulting services for its’ related parties. Revenues related to its service offerings are recognized at a point in time when service is rendered. Any payments received in advance of the performance of services are recorded as deferred revenue until such time as the services are performed.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span>The Company has determined that the ASC 606 does not apply to rental contracts, which are within the scope of other revenue recognition accounting standards.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span>Rental income from operating leases is recognized on a straight-line basis under the guidance of ASC 842. Lease payments under tenant leases are recognized on a straight-line basis over the term of the related leases. The cumulative difference between lease revenue recognized under the straight-line method and contractual lease payments are included in rent receivable on the consolidated balance sheets.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span>The Company does not offer promotional payments, customer coupons, rebates or other cash redemption offers to its customers.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | |
CY2022 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
731328 | usd |
CY2021 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1025009 | usd |
CY2022Q4 | us-gaap |
Deferred Advertising Costs
DeferredAdvertisingCosts
|
1325313 | usd |
CY2021Q4 | us-gaap |
Deferred Advertising Costs
DeferredAdvertisingCosts
|
328565 | usd |
CY2022 | us-gaap |
Foreign Currency Translation Adjustment Description
ForeignCurrencyTranslationAdjustmentDescription
|
Asset and liability accounts at December 31, 2022 and 2021 were translated at 6.8979 RMB and 6.3559 RMB to $1.00, respectively, which were the exchange rates on the balance sheet dates. Equity accounts were stated at their historical rates. The average translation rates applied to the statements of operations for the years ended December 31, 2022 and 2021 were 6.7309 RMB and 6.4515 RMB to $1.00, respectively. | |
CY2022 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2454609 | shares |
CY2021 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
800000 | shares |
CY2022 | us-gaap |
Common Stock Convertible Conversion Price Increase
CommonStockConvertibleConversionPriceIncrease
|
6.5 | |
CY2022 | us-gaap |
Reclassifications
Reclassifications
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; "><b>Reclassification</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; "> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Certain prior period amounts have been reclassified to conform to the current period presentation. These reclassifications have no effect on the previously reported financial position, results of operations and cash flows.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | |
CY2022 | us-gaap |
Fiscal Period
FiscalPeriod
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; "><b>Fiscal Year End</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; "> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; "><span>The Company has adopted a fiscal year end of December 31st.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; "><b> </b></p> | |
CY2022 | avco |
Reverse Stock Split
ReverseStockSplit
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; "><b>Reverse Stock Split</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; "> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; ">The Company effected a one-for-ten reverse stock split of its outstanding shares of common stock on January 5, 2023. The reverse split did not change the number of authorized shares of common stock or par value. All references in these consolidated financial statements to shares, share prices, exercise prices, and other per share information in all periods have been adjusted, on a retroactive basis, to reflect the reverse stock split.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; "> </p> | |
CY2022Q4 | us-gaap |
Prepaid Reinsurance Premiums
PrepaidReinsurancePremiums
|
29301 | usd |
CY2021Q4 | us-gaap |
Prepaid Reinsurance Premiums
PrepaidReinsurancePremiums
|
49656 | usd |
CY2022Q4 | avco |
Prepaid Professional Fees
PrepaidProfessionalFees
|
93817 | usd |
CY2021Q4 | avco |
Prepaid Professional Fees
PrepaidProfessionalFees
|
186609 | usd |
CY2022Q4 | us-gaap |
Other Deferred Costs Net
OtherDeferredCostsNet
|
174107 | usd |
CY2021Q4 | us-gaap |
Other Deferred Costs Net
OtherDeferredCostsNet
|
213279 | usd |
CY2022Q4 | us-gaap |
Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
|
3531 | usd |
CY2021Q4 | us-gaap |
Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
|
23655 | usd |
CY2022Q4 | us-gaap |
Deferred Costs Leasing Net
DeferredCostsLeasingNet
|
113916 | usd |
CY2021Q4 | us-gaap |
Deferred Costs Leasing Net
DeferredCostsLeasingNet
|
141214 | usd |
CY2022Q4 | us-gaap |
Security Deposit
SecurityDeposit
|
19084 | usd |
CY2021Q4 | us-gaap |
Security Deposit
SecurityDeposit
|
20271 | usd |
CY2022Q4 | us-gaap |
Disposal Group Including Discontinued Operation Property Plant And Equipment Current
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipmentCurrent
|
20489 | usd |
CY2022Q4 | avco |
Longterm Straightline Rent Receivables
LongtermStraightlineRentReceivables
|
144094 | usd |
CY2021Q4 | avco |
Longterm Straightline Rent Receivables
LongtermStraightlineRentReceivables
|
163211 | usd |
CY2022Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
34034 | usd |
CY2021Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
18313 | usd |
CY2022Q4 | us-gaap |
Other Assets
OtherAssets
|
632373 | usd |
CY2021Q4 | us-gaap |
Other Assets
OtherAssets
|
816208 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
247990 | usd |
CY2021Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
448286 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
|
384383 | usd |
CY2021Q4 | us-gaap |
Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
|
367922 | usd |
CY2022Q4 | avco |
Asset Noncurrent Total
AssetNoncurrentTotal
|
632373 | usd |
CY2021Q4 | avco |
Asset Noncurrent Total
AssetNoncurrentTotal
|
816208 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
409328 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
613600 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
|
271034 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
|
252053 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
138294 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
361547 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
162040 | usd |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
144513 | usd |
CY2022 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
2987 | usd |
CY2021 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
3276 | usd |
CY2022 | avco |
Other Operating Expense
OtherOperatingExpense
|
825 | usd |
CY2021 | avco |
Other Operating Expense
OtherOperatingExpense
|
19914 | usd |
CY2022 | us-gaap |
Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
|
158228 | usd |
CY2021 | us-gaap |
Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
|
121323 | usd |
CY2022Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
8237943 | usd |
CY2021Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
8237943 | usd |
CY2022Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
877856 | usd |
CY2021Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
709173 | usd |
CY2022Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
7360087 | usd |
CY2021Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
7528770 | usd |
CY2022 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
168683 | usd |
CY2021 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
167248 | usd |
CY2022Q4 | avco |
Equity Method Investment
EquityMethodInvestment
|
485008 | usd |
CY2021Q4 | avco |
Equity Method Investment
EquityMethodInvestment
|
515632 | usd |
CY2022 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
41863 | usd |
CY2021 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
60463 | usd |
CY2020Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
521758 | usd |
CY2021 | us-gaap |
Equity Method Investment Sold Carrying Amount
EquityMethodInvestmentSoldCarryingAmount
|
40301 | usd |
CY2021 | us-gaap |
Income Loss Attributable To Parent
IncomeLossAttributableToParent
|
60463 | usd |
CY2021 | avco |
Foreign Currency Fluctuation Equity Method Investments
ForeignCurrencyFluctuationEquityMethodInvestments
|
-14036 | usd |
CY2021Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
515632 | usd |
CY2022 | us-gaap |
Equity Method Investment Sold Carrying Amount
EquityMethodInvestmentSoldCarryingAmount
|
51999 | usd |
CY2022 | us-gaap |
Income Loss Attributable To Parent
IncomeLossAttributableToParent
|
41863 | usd |
CY2022 | avco |
Foreign Currency Fluctuation Equity Method Investments
ForeignCurrencyFluctuationEquityMethodInvestments
|
40760 | usd |
CY2022Q1 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
3718943 | usd |
CY2022Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P5Y | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
12.5 | |
CY2022Q2 | us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
2669522 | usd |
CY2022Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
485008 | usd |
CY2022Q4 | avco |
Equity Method Investment Summarized Financial Information Current Asset
EquityMethodInvestmentSummarizedFinancialInformationCurrentAsset
|
1051 | usd |
CY2021Q4 | avco |
Equity Method Investment Summarized Financial Information Current Asset
EquityMethodInvestmentSummarizedFinancialInformationCurrentAsset
|
5479 | usd |
CY2022Q4 | avco |
Equity Method Investment Summarized Financial Information Noncurrent Asset
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentAsset
|
143984 | usd |
CY2021Q4 | avco |
Equity Method Investment Summarized Financial Information Noncurrent Asset
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentAsset
|
216864 | usd |
CY2022Q4 | avco |
Equity Method Investment Summarized Financial Information Current Liabilitie
EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilitie
|
43723 | usd |
CY2021Q4 | avco |
Equity Method Investment Summarized Financial Information Current Liabilitie
EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilitie
|
56626 | usd |
CY2022Q4 | avco |
Equity Method Investment Summarized Financial Information Of Equity
EquityMethodInvestmentSummarizedFinancialInformationOfEquity
|
101312 | usd |
CY2021Q4 | avco |
Equity Method Investment Summarized Financial Information Of Equity
EquityMethodInvestmentSummarizedFinancialInformationOfEquity
|
165717 | usd |
CY2022 | avco |
Schedule Of Financial Information By Investee
ScheduleOfFinancialInformationByInvestee
|
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="6" style="text-align: center; border-bottom: Black 1.5pt solid">For the Years Ended<br/> December 31,</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Net revenue</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-203">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-204">-</div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Gross profit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-205">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-206">-</div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left">Loss from operation</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">104,688</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">151,158</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Net loss</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">104,657</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">151,158</td><td style="text-align: left"> </td></tr> </table> | |
CY2022 | avco |
Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Item
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItem
|
104688 | usd |
CY2021 | avco |
Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Item
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItem
|
151158 | usd |
CY2022 | avco |
Equity Method Investment Summarized Financial Information Of Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationOfNetIncomeLoss
|
104657 | usd |
CY2021 | avco |
Equity Method Investment Summarized Financial Information Of Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationOfNetIncomeLoss
|
151158 | usd |
CY2022Q4 | avco |
Accrued Tenants Improvement Reimbursement
AccruedTenantsImprovementReimbursement
|
43500 | usd |
CY2021Q4 | avco |
Accrued Tenants Improvement Reimbursement
AccruedTenantsImprovementReimbursement
|
43500 | usd |
CY2022Q4 | us-gaap |
Deposits
Deposits
|
73733 | usd |
CY2021Q4 | us-gaap |
Deposits
Deposits
|
73733 | usd |
CY2022Q4 | avco |
Accrued Business Expense Reimbursement
AccruedBusinessExpenseReimbursement
|
52437 | usd |
CY2021Q4 | avco |
Accrued Business Expense Reimbursement
AccruedBusinessExpenseReimbursement
|
68172 | usd |
CY2022Q4 | us-gaap |
Accrued Utilities Current
AccruedUtilitiesCurrent
|
15631 | usd |
CY2021Q4 | us-gaap |
Accrued Utilities Current
AccruedUtilitiesCurrent
|
14372 | usd |
CY2022Q4 | us-gaap |
Deferred Income
DeferredIncome
|
27685 | usd |
CY2021Q4 | us-gaap |
Deferred Income
DeferredIncome
|
8638 | usd |
CY2022Q4 | avco |
Accrued Real Property Cleaning Service Fees
AccruedRealPropertyCleaningServiceFees
|
23564 | usd |
CY2021Q4 | avco |
Accrued Real Property Cleaning Service Fees
AccruedRealPropertyCleaningServiceFees
|
6600 | usd |
CY2021Q4 | us-gaap |
Other Ownership Interests Offering Costs
OtherOwnershipInterestsOfferingCosts
|
40000 | usd |
CY2022Q4 | us-gaap |
Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
|
7337 | usd |
CY2021Q4 | us-gaap |
Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
|
14459 | usd |
CY2022Q4 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
39347 | usd |
CY2021Q4 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
5846 | usd |
CY2022Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
283234 | usd |
CY2021Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
275320 | usd |
CY2022Q2 | us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
659581 | usd |
CY2022Q2 | us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
199840 | usd |
CY2022Q2 | us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
190000 | usd |
CY2022Q2 | us-gaap |
Debt Default Longterm Debt Amount
DebtDefaultLongtermDebtAmount
|
2669522 | usd |
CY2022Q2 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
88984 | shares |
CY2022Q2 | us-gaap |
Debt Default Longterm Debt Amount
DebtDefaultLongtermDebtAmount
|
659581 | usd |
CY2022Q2 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
21986 | shares |
CY2022Q2 | us-gaap |
Debt Default Longterm Debt Amount
DebtDefaultLongtermDebtAmount
|
199840 | usd |
CY2022Q2 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
6661 | shares |
CY2022Q2 | us-gaap |
Debt Default Longterm Debt Amount
DebtDefaultLongtermDebtAmount
|
190000 | usd |
CY2022Q2 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
6333 | shares |
CY2022Q4 | us-gaap |
Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
|
0.01 | pure |
CY2022 | avco |
Debt Instrument Maturity Terms
DebtInstrumentMaturityTerms
|
P10Y | |
CY2022 | us-gaap |
Debt Instrument Convertible Threshold Percentage Of Stock Price Trigger
DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger
|
0.95 | pure |
CY2022Q4 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
0.75 | |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Purchase Price Of Common Stock Percent
SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent
|
0.0499 | pure |
CY2022Q4 | us-gaap |
Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
|
123964 | shares |
CY2022Q4 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
498509 | usd |
CY2022 | us-gaap |
Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
|
2782569 | usd |
CY2022 | us-gaap |
Investment Income Amortization Of Discount
InvestmentIncomeAmortizationOfDiscount
|
3281078 | usd |
CY2022Q3 | us-gaap |
Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
|
3718943 | usd |
CY2022Q3 | avco |
Unpaid Interest
UnpaidInterest
|
9751 | usd |
CY2022Q3 | us-gaap |
Share Price
SharePrice
|
6.5 | |
CY2022Q3 | us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
344264 | usd |
CY2022 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
3281078 | usd |
CY2022 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
9751 | usd |
CY2022 | us-gaap |
Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
|
600749 | usd |
CY2022Q3 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
4800000 | usd |
CY2022Q3 | us-gaap |
Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
|
0.11 | pure |
CY2022Q3 | us-gaap |
Long Term Debt Contingent Payment Of Principal Or Interest
LongTermDebtContingentPaymentOfPrincipalOrInterest
|
$44,000 | |
CY2022Q4 | us-gaap |
Notes Payable
NotesPayable
|
4563152 | usd |
CY2022Q4 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
236848 | usd |
CY2022 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
29606 | usd |
CY2022 | us-gaap |
Interest Expense
InterestExpense
|
176000 | usd |
CY2022 | us-gaap |
Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
|
50400 | usd |
CY2021 | us-gaap |
Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
|
33600 | usd |
CY2022Q4 | us-gaap |
Accounts Receivable Related Parties
AccountsReceivableRelatedParties
|
74100 | usd |
CY2021Q4 | us-gaap |
Accounts Receivable Related Parties
AccountsReceivableRelatedParties
|
33600 | usd |
CY2021 | avco |
Services Revenue
ServicesRevenue
|
187412 | usd |
CY2021 | us-gaap |
Related Party Costs
RelatedPartyCosts
|
187412 | usd |
CY2022 | avco |
Consulting Expenses
ConsultingExpenses
|
144064 | usd |
CY2021 | avco |
Consulting Expenses
ConsultingExpenses
|
216169 | usd |
CY2017 | us-gaap |
Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
|
450000 | usd |
CY2022 | avco |
Principal Amount
PrincipalAmount
|
0 | usd |
CY2021 | avco |
Principal Amount
PrincipalAmount
|
390000 | usd |
CY2019Q3 | us-gaap |
Debt Instrument Maturity Date
DebtInstrumentMaturityDate
|
2024-12-31 | |
CY2020Q4 | avco |
Line Of Credits Facility Average Outstanding Amount
LineOfCreditsFacilityAverageOutstandingAmount
|
3200000 | usd |
CY2021 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
2550262 | usd |
CY2021Q4 | us-gaap |
Lines Of Credit Current
LinesOfCreditCurrent
|
3000000 | usd |
CY2021Q4 | avco |
Line Of Credits Facility Average Outstanding Amount
LineOfCreditsFacilityAverageOutstandingAmount
|
2750262 | usd |
CY2022 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
100000 | usd |
CY2022 | us-gaap |
Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
|
410000 | usd |
CY2022Q4 | us-gaap |
Lines Of Credit Current
LinesOfCreditCurrent
|
2440262 | usd |
CY2022 | us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
79898 | usd |
CY2021 | us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
200477 | usd |
CY2022Q4 | us-gaap |
Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
|
0 | usd |
CY2021Q4 | us-gaap |
Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
|
368433 | usd |
CY2022Q3 | avco |
Sale Of Common Stock
SaleOfCommonStock
|
44872 | shares |
CY2022Q3 | avco |
Purchase Price Per Share
PurchasePricePerShare
|
7.8 | |
CY2022Q4 | us-gaap |
Value Added Tax Receivable
ValueAddedTaxReceivable
|
1000 | usd |
CY2022Q4 | avco |
Gross Proceeds
GrossProceeds
|
4000000 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
0.25 | pure |
CY2022Q4 | us-gaap |
Cumulative Earnings Deficit
CumulativeEarningsDeficit
|
2356797 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-11567154 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-8504426 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
-363693 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
-586073 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-11930847 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-9090499 | usd |
CY2022 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
-1729700 | usd |
CY2021 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
-1810264 | usd |
CY2022 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
-585627 | usd |
CY2021 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
-612904 | usd |
CY2022 | us-gaap |
Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
|
209806 | usd |
CY2021 | us-gaap |
Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
|
-152015 | usd |
CY2022 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-2105521 | usd |
CY2021 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-2575183 | usd |
CY2022 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
-2105521 | usd |
CY2021 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
-2575183 | usd |
CY2022 | avco |
Schedule Of Differences Between Us Statutory Rate And Companys Effective Tax Rate
ScheduleOfDifferencesBetweenUSStatutoryRateAndCompanysEffectiveTaxRate
|
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="6" style="text-align: center; border-bottom: Black 1.5pt solid">Years Ended December 31,</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left">U.S. federal rate</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">21.0</td><td style="width: 1%; text-align: left">%</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">21.0</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">U.S. state rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5.6</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6.7</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Permanent difference</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3.8</td><td style="text-align: left">)%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">0.0</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Non-US rate differential</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">0.1</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">0.3</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">True ups</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(5.3</td><td style="text-align: left">)%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4.9</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt">U.S. valuation allowance</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(17.6</td><td style="padding-bottom: 1.5pt; text-align: left">)%</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(32.9</td><td style="padding-bottom: 1.5pt; text-align: left">)%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 4pt">Total provision for income taxes</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">0.0</td><td style="padding-bottom: 4pt; text-align: left">%</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left"> </td><td style="border-bottom: Black 4pt double; text-align: right">0.0</td><td style="padding-bottom: 4pt; text-align: left">%</td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
|
0.056 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
|
0.067 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Disposition Of Business
EffectiveIncomeTaxRateReconciliationDispositionOfBusiness
|
-0.038 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Disposition Of Business
EffectiveIncomeTaxRateReconciliationDispositionOfBusiness
|
0 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
|
0.001 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
|
0.003 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
|
-0.053 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
|
0.049 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.176 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.329 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | pure |
CY2022Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
3499969 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
3696463 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
|
103567 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
|
137864 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
|
47787 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
|
80816 | usd |
CY2022Q4 | avco |
Deferred Tax Accrued Settlement
DeferredTaxAccruedSettlement
|
126495 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
1687 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
23156 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
13634920 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
11441503 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
17448722 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
15345505 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
17329708 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
15224188 | usd |
CY2022Q4 | avco |
Total Deferred Tax Assets Net
TotalDeferredTaxAssetsNet
|
119014 | usd |
CY2021Q4 | avco |
Total Deferred Tax Assets Net
TotalDeferredTaxAssetsNet
|
121317 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Liabilities Other Finite Lived Assets
DeferredTaxLiabilitiesOtherFiniteLivedAssets
|
119014 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Liabilities Other Finite Lived Assets
DeferredTaxLiabilitiesOtherFiniteLivedAssets
|
101534 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Liabilities Regulatory Assets
DeferredTaxLiabilitiesRegulatoryAssets
|
19783 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
|
-119014 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
|
-121317 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
|
46969776 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
|
38420422 | usd |
CY2022 | avco |
Net Operating Los Carry Forward Expiration Date
NetOperatingLosCarryForwardExpirationDate
|
As of December 31, 2022, the Company has $44,482,221 of U.S. federal net operating loss carryovers that have no expiration date, and $2,487,555 of the federal net operating loss and state net operating loss carry-forwards begin to expire in 2034. | |
CY2022Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
61847 | usd |
CY2022 | us-gaap |
Income Tax Examination Penalties Expense
IncomeTaxExaminationPenaltiesExpense
|
10000 | usd |
CY2022 | us-gaap |
Other Information Pertaining To Income Taxes
OtherInformationPertainingToIncomeTaxes
|
The Company has not been audited by any jurisdiction since its inception. The Company is open for audit by the U.S. Internal Revenue Service and U.S. state tax jurisdictions from 2019 to 2022, and open for audit by the Chinese Ministry of Finance from 2018 to 2022. | |
CY2022 | avco |
Designated Shares
DesignatedShares
|
15000 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2022 | us-gaap |
Stockholders Equity Note Changes In Capital Structure Subsequent Changes To Number Of Common Shares
StockholdersEquityNoteChangesInCapitalStructureSubsequentChangesToNumberOfCommonShares
|
9 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Outstanding Stock Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum
|
0.50 | pure |
CY2022 | us-gaap |
Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
|
0.10 | pure |
CY2022 | us-gaap |
Deferred Compensation Arrangement With Individual Cash Awards Granted Percentage
DeferredCompensationArrangementWithIndividualCashAwardsGrantedPercentage
|
0.50 | pure |
CY2022 | avco |
Aggregate Share
AggregateShare
|
9000 | shares |
CY2022Q4 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
9000000 | shares |
CY2022 | avco |
Conversion Price Percentage
ConversionPricePercentage
|
0.90 | pure |
CY2022Q3 | us-gaap |
Excess Stock Shares Issued
ExcessStockSharesIssued
|
44872 | shares |
CY2022Q3 | avco |
Purchase Price
PurchasePrice
|
7.8 | |
CY2022Q3 | us-gaap |
Proceeds From Fees Received
ProceedsFromFeesReceived
|
250000 | usd |
CY2022 | us-gaap |
Stock Issued During Period Shares Reverse Stock Splits
StockIssuedDuringPeriodSharesReverseStockSplits
|
40896 | shares |
CY2022 | us-gaap |
Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
|
340950 | usd |
CY2022 | avco |
Shares Based Compensation
SharesBasedCompensation
|
310950 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
30000 | usd |
CY2021 | us-gaap |
Stock Issued During Period Shares Reverse Stock Splits
StockIssuedDuringPeriodSharesReverseStockSplits
|
140568 | shares |
CY2021 | us-gaap |
Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
|
1507488 | usd |
CY2021 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
276032 | usd |
CY2021Q4 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
155700 | usd |
CY2021Q2 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
16736 | shares |
CY2021Q2 | avco |
Unpaid Professional Fees
unpaidProfessionalFees
|
202500 | usd |
CY2021Q2 | avco |
Issuance Of Shares
IssuanceOfShares
|
16736 | shares |
CY2021Q2 | avco |
Issuance Of Fair Value
IssuanceOfFairValue
|
202500 | usd |
CY2022Q3 | us-gaap |
Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
|
3718943 | usd |
CY2022Q3 | avco |
Unpaid Interest
UnpaidInterest
|
9751 | usd |
CY2022Q3 | us-gaap |
Excess Stock Shares Issued
ExcessStockSharesIssued
|
573645 | shares |
CY2022Q3 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
6.5 | |
CY2022Q3 | avco |
Conversion Agreement
ConversionAgreement
|
344264 | usd |
CY2022Q3 | avco |
Debt Settlement Agreement Description
DebtSettlementAgreementDescription
|
the Company and Mr. Lu entered into and closed a Debt Settlement Agreement and Release pursuant to which the Company settled $2,440,262 debt owed under the Line of Credit and unpaid interest of $448,331 by issuance of 444,399 shares of common stock of the Company (see Note 12 - Borrowings from Related Party – Line of Credit). The total amount of the debt settled of $2,888,593 exceeded the fair market value of the shares issued by $888,353 which was treated as a capital transaction due to Mr. Lu’s relationship with the Company. | |
CY2021Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
3000000 | usd |
CY2021Q4 | avco |
Shares Of Common Stock
SharesOfCommonStock
|
240000 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Other Share Increase Decrease
ShareBasedCompensationArrangementByShareBasedPaymentAwardOtherShareIncreaseDecrease
|
240000 | shares |
CY2021Q4 | avco |
Fair Market Value
FairMarketValue
|
3000000 | usd |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
59000 | usd |
CY2022 | avco |
Stock Options Exercisable
StockOptionsExercisable
|
40634 | usd |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
|
421428 | usd |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
|
726952 | usd |
CY2022 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
358113 | usd |
CY2021 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
769334 | usd |
CY2021 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
234856 | usd |
CY2021Q3 | us-gaap |
Professional Fees
ProfessionalFees
|
84064 | usd |
CY2022Q3 | us-gaap |
Professional Fees
ProfessionalFees
|
157207 | usd |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
|
123964 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
12.5 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
123964 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
|
12.5 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
|
12.5 | |
CY2022Q4 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
|
123964 | shares |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P4Y3M21D | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
123964 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
|
12.5 | |
CY2022Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
|
0 | usd |
CY2022 | avco |
Statutory Reserve Percent
StatutoryReservePercent
|
0.10 | pure |
CY2022 | avco |
Registered Capital Percentage
RegisteredCapitalPercentage
|
0.50 | pure |
CY2022Q4 | us-gaap |
Statutory Accounting Practices Statutory Amount Available For Dividend Payments
StatutoryAccountingPracticesStatutoryAmountAvailableForDividendPayments
|
6578 | usd |
CY2021Q4 | us-gaap |
Statutory Accounting Practices Statutory Amount Available For Dividend Payments
StatutoryAccountingPracticesStatutoryAmountAvailableForDividendPayments
|
6578 | usd |
CY2022Q4 | us-gaap |
Other Restricted Assets
OtherRestrictedAssets
|
1006578 | usd |
CY2021Q4 | us-gaap |
Other Restricted Assets
OtherRestrictedAssets
|
706578 | usd |
CY2022Q4 | avco |
Net Assets Percentage
NetAssetsPercentage
|
0.25 | pure |
CY2022Q4 | srt |
Financing Receivable Nonaccrual To Outstanding Percent
FinancingReceivableNonaccrualToOutstandingPercent
|
0.814 | pure |
CY2021 | avco |
Concentration Risk Percentage
ConcentrationRiskPercentage
|
0.806 | pure |
CY2022 | us-gaap |
Revenues
Revenues
|
1202169 | usd |
CY2021 | us-gaap |
Revenues
Revenues
|
1390972 | usd |
CY2022 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
929441 | usd |
CY2021 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
976454 | usd |
CY2022 | us-gaap |
Gross Profit
GrossProfit
|
272728 | usd |
CY2021 | us-gaap |
Gross Profit
GrossProfit
|
414518 | usd |
CY2022 | us-gaap |
Operating Expenses
OperatingExpenses
|
9065623 | usd |
CY2021 | us-gaap |
Operating Expenses
OperatingExpenses
|
9248348 | usd |
CY2022 | avco |
Interest Expens Related Party
InterestExpensRelatedParty
|
3576333 | usd |
CY2021 | avco |
Interest Expens Related Party
InterestExpensRelatedParty
|
200477 | usd |
CY2022 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
438381 | usd |
CY2021 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-56192 | usd |
CY2022 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
-3137952 | usd |
CY2021 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
-256669 | usd |
CY2022 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-11930847 | usd |
CY2021 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-9090499 | usd |
CY2022Q4 | us-gaap |
Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
|
7498381 | usd |
CY2021Q4 | us-gaap |
Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
|
7890317 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
7498381 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
7890317 | usd |
CY2017Q4 | us-gaap |
Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
|
450000 | usd |
CY2022Q2 | avco |
Research Institute
ResearchInstitute
|
450000 | usd |
CY2022Q4 | avco |
Issued And Outstanding Interest Percentage
IssuedAndOutstandingInterestPercentage
|
0.60 | pure |
CY2022 | us-gaap |
Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
|
900000 | usd |
CY2022 | avco |
Gain Loss On Condemnation Description
GainLossOnCondemnationDescription
|
In addition, the Company agreed to pay the Research Institute 30% of the Company’s initial pre-tax profit of $3,333,333, 20% of the Company’s second pre-tax profit of $3,333,333 and 10% of the Company’s third pre-tax profit of $3,333,333. The parties provided a mutual release as well. | |
CY2022Q3 | us-gaap-sup |
Dividend Income Operating Paid In Cash
DividendIncomeOperatingPaidInCash
|
450000 | usd |
CY2022Q3 | us-gaap |
Litigation Reserve
LitigationReserve
|
900000 | usd |
CY2022 | avco |
Operating Leases Rent Expense
OperatingLeasesRentExpense
|
141000 | usd |
CY2021 | avco |
Operating Leases Rent Expense
OperatingLeasesRentExpense
|
143000 | usd |
CY2022 | avco |
Operating Cash Flow Paid For Operating Lease
OperatingCashFlowPaidForOperatingLease
|
150577 | usd |
CY2021 | avco |
Operating Cash Flow Paid For Operating Lease
OperatingCashFlowPaidForOperatingLease
|
130071 | usd |
CY2021 | avco |
Operating Lease
OperatingLease
|
133879 | usd |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P0Y1M28D | |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0488 | pure |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
11448 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
11448 | usd |
CY2022Q4 | avco |
Amount Of Lease Payments Representing Interest
AmountOfLeasePaymentsRepresentingInterest
|
-11 | usd |
CY2022Q4 | avco |
Operating Lease Liabilities
OperatingLeaseLiabilities
|
11437 | usd |
CY2022 | avco |
Current Portion
CurrentPortion
|
11437 | usd |
CY2022Q4 | avco |
Total
Total
|
11437 | usd |
CY2018Q2 | us-gaap |
Investments And Cash
InvestmentsAndCash
|
8000000 | cny |
CY2018Q2 | us-gaap |
Investments And Cash
InvestmentsAndCash
|
1100000 | usd |
CY2022Q4 | us-gaap |
Investments And Cash
InvestmentsAndCash
|
5110000 | cny |
CY2022Q4 | us-gaap |
Investments And Cash
InvestmentsAndCash
|
700000 | usd |
CY2022 | us-gaap |
Cash Flows Between Transferee And Transferor Servicing Fees
CashFlowsBetweenTransfereeAndTransferorServicingFees
|
10000000 | usd |
CY2022 | us-gaap |
Noncash Contribution Expense
NoncashContributionExpense
|
6660000 | usd |
CY2022 | us-gaap |
Partners Capital Account Contributions
PartnersCapitalAccountContributions
|
5000000 | cny |
CY2022 | us-gaap |
Partners Capital Account Contributions
PartnersCapitalAccountContributions
|
700000 | usd |
CY2022 | us-gaap |
Other Research And Development Expense
OtherResearchAndDevelopmentExpense
|
300000 | usd |
CY2022 | us-gaap |
Research And Development In Process
ResearchAndDevelopmentInProcess
|
300000 | usd |
CY2022Q4 | avco |
Interest Purchase Agreement Description
InterestPurchaseAgreementDescription
|
The consideration to be paid for the Purchased Interests consists of up to thirty-one million dollars ($31,000,000), of which (i) five million dollars ($5,000,000) was paid as a refundable prepayment at signing, (ii) ten million dollars ($10,000,000) will be paid in cash at the closing, (iii) fifteen million dollars ($15,000,000) will be paid pursuant to the issuance of 15,000 shares of the Company’s newly designated Series B Convertible Preferred Stock (the “Series B Preferred Stock”), stated value $1,000 (the “Series B Stated Value”), which Series B Preferred Stock will be convertible into shares of the Company’s common stock at a conversion price per share equal to $5.75 or an aggregate of 2,608,696 shares of the Company’s common stock, which are subject to the Lock Up Period and the restrictions on sale, and (iv) one million dollars ($1,000,000) will be paid on the first anniversary of the closing date (the “Anniversary Payment”). The Seller is also eligible to receive certain earnout payments upon achievement of certain operating results, which may be comprised of up to ten million dollars ($10,000,000) of which (x) five million dollars ($5,000,000) will be paid in cash and (y) five million dollars ($5,000,000) will be paid pursuant to the issuance of the number of shares of Company common stock valued at five million dollars ($5,000,000), calculated using the closing price of the Company’s common stock on December 31, 2023 (collectively, the “Earnout Payments”). | |
CY2022 | avco |
Interest Purchase Agreement Description
InterestPurchaseAgreementDescription
|
The consideration paid by Buyer to Seller for the Purchased Interests consisted of $21,000,000, which comprised of (i) $9,000,000 in cash, (ii) $11,000,000 pursuant to the issuance of 11,000 shares of the Company’s newly designated Series B Convertible Preferred Stock (the “Series B Preferred Stock”), stated value $1,000 (the “Series B Stated Value”), and (iii) a $1,000,000 cash payment on February 9, 2024 (the “Anniversary Payment”). The Series B Preferred Stock will be convertible into shares of the Company’s common stock at a conversion price per share equal to $3.78 or an aggregate of 2,910,053 shares of the Company’s common stock and are subject to the Lock Up Period and the restrictions on sale. The Seller is also eligible, under the terms set forth in the Amended MIPA, to receive certain earnout payments upon achievement of certain operating results, which may be comprised of up to $10,000,000 of which (x) up to $5,000,000 will be paid in cash and (y) up to $5,000,000 will be paid pursuant to the issuance of the number of shares of Company common stock valued at $5,000,000, calculated using the closing price of the Company’s common stock on December 31, 2023, rounded down to the nearest whole share (collectively, the “Earnout Payments”). | |
CY2022Q4 | us-gaap |
Percentage Of Weighted Average Cost Inventory
PercentageOfWeightedAverageCostInventory
|
0.20 | pure |
CY2022Q4 | avco |
Cash And Due Banks
CashAndDueBanks
|
6000000 | usd |
CY2022 | avco |
Additional Shares
AdditionalShares
|
4000 | shares |
CY2022Q4 | avco |
Preferred Stock Values
PreferredStockValues
|
4000000 | usd |
CY2022Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
20000000 | usd |
CY2022Q4 | us-gaap |
Derivative Fixed Interest Rate
DerivativeFixedInterestRate
|
0.05 | pure |
CY2022 | avco |
Term Loan Payable
TermLoanPayable
|
P3Y | |
CY2021Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
usd | |
CY2022Q4 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
usd | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2021Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2022Q4 | avco |
Preferred Stock Value1
PreferredStockValue1
|
usd | |
CY2021Q4 | avco |
Preferred Stock Value1
PreferredStockValue1
|
usd | |
CY2022Q4 | us-gaap |
Minority Interest
MinorityInterest
|
usd | |
CY2021Q4 | us-gaap |
Minority Interest
MinorityInterest
|
usd | |
CY2022 | avco |
Medical Related Consulting Services Related Party
MedicalRelatedConsultingServicesRelatedParty
|
usd | |
CY2022 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
usd | |
CY2021 | avco |
Loss From Lawsuit
LossFromLawsuit
|
usd | |
CY2021 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
usd | |
CY2021 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
usd | |
CY2021 | us-gaap |
Other Expenses
OtherExpenses
|
usd | |
CY2021 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
usd | |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2021 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
usd | |
CY2021 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
8491103 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
9328609 | shares |
CY2021 | us-gaap |
Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
|
usd | |
CY2021 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
usd | |
CY2021 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
usd | |
CY2021 | us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
usd | |
CY2021 | us-gaap |
Line Of Credit Assumed1
LineOfCreditAssumed1
|
usd | |
CY2022 | us-gaap |
Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
|
usd | |
CY2021 | us-gaap |
Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
|
usd | |
CY2021 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
usd | |
CY2021 | us-gaap |
Repayments Of Construction Loans Payable
RepaymentsOfConstructionLoansPayable
|
usd | |
CY2021 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
usd | |
CY2021 | avco |
Proceeds From Issuance Of Balloon Promissory Note
ProceedsFromIssuanceOfBalloonPromissoryNote
|
usd | |
CY2021 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
usd | |
CY2021 | us-gaap |
Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
|
usd | |
CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | |
CY2022 | avco |
Common Stock Issued For Future Services
CommonStockIssuedForFutureServices
|
usd | |
CY2022 | us-gaap |
Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
|
usd | |
CY2022 | avco |
Accrued Professional Fees Relieved For Shares Issued
AccruedProfessionalFeesRelievedForSharesIssued
|
usd | |
CY2021 | avco |
Warrants Issued With Convertible Note Payable
WarrantsIssuedWithConvertibleNotePayable
|
usd | |
CY2021 | us-gaap |
Liabilities Assumed1
LiabilitiesAssumed1
|
usd | |
CY2021 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
usd | |
CY2021 | avco |
Reclassification Of Derivative Liability To Equity
ReclassificationOfDerivativeLiabilityToEquity
|
usd | |
CY2021Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
usd | |
CY2021Q4 | us-gaap |
Disposal Group Including Discontinued Operation Property Plant And Equipment Current
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipmentCurrent
|
usd | |
CY2022 | avco |
Equity Method Investment Summarized Financial Information Of Revenue
EquityMethodInvestmentSummarizedFinancialInformationOfRevenue
|
usd | |
CY2021 | avco |
Equity Method Investment Summarized Financial Information Of Revenue
EquityMethodInvestmentSummarizedFinancialInformationOfRevenue
|
usd | |
CY2022 | avco |
Equity Method Investment Summarized Financial Information Of Gross Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationOfGrossProfitLoss
|
usd | |
CY2021 | avco |
Equity Method Investment Summarized Financial Information Of Gross Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationOfGrossProfitLoss
|
usd | |
CY2022Q4 | us-gaap |
Other Ownership Interests Offering Costs
OtherOwnershipInterestsOfferingCosts
|
usd | |
CY2021 | us-gaap |
Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
|
usd | |
CY2022 | avco |
Services Revenue
ServicesRevenue
|
usd | |
CY2022 | us-gaap |
Related Party Costs
RelatedPartyCosts
|
usd | |
CY2022Q4 | avco |
Line Of Credits Facility Average Outstanding Amount
LineOfCreditsFacilityAverageOutstandingAmount
|
usd | |
CY2022 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
usd | |
CY2021 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
usd | |
CY2022 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
usd | |
CY2021 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
usd | |
CY2022 | us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
usd | |
CY2021 | us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
usd | |
CY2022 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
usd | |
CY2021 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
usd | |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2022Q4 | us-gaap |
Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
|
usd | |
CY2022Q4 | us-gaap |
Deferred Tax Liabilities Regulatory Assets
DeferredTaxLiabilitiesRegulatoryAssets
|
usd | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
usd | |
CY2021Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
usd | |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
shares | |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
|
||
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
|
shares | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
||
CY2022 | avco |
Operating Lease
OperatingLease
|
usd | |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
usd | |
CY2022Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
usd | |
CY2022 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2022 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2022 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001630212 | |
CY2022 | dei |
Entity Registrant Name
EntityRegistrantName
|
AVALON GLOBOCARE CORP. |