What changed in this filing

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Item 5. Market for Registrant’s Common Equity

2023-03-30 compared with 2022-03-30 · 8 added, 49 removed, 6 unchanged (90% of the section changed)

2 unchanged sentences

Market Information

Our common stock has been

listed on the Nasdaq Capital Market under the symbol “AVCO” since November 5, 2018.

Our common stock has been listed on the Nasdaq

Capital Market under the symbol “ALBT” since November 10, 2022.

Our common stock was listed on the Nasdaq Capital Market under

the symbol “AVCO” from November 5, 2018 through the close of business on November 9, 2022.

Our common shares were traded previously

1 unchanged sentence

since October 18, 2016 and “GTHC” prior to October 18, 2016.

The following table sets

forth, for each of the calendar periods indicated, the quarterly high and low bid prices for our common stock quoted on the Nasdaq Capital

The prices in the table represent prices between dealers and do not include adjustments for retail mark-up, markdown or commission

and may not represent actual transactions.

First Quarter

Second Quarter

Third Quarter

Fourth Quarter

First Quarter

Second Quarter

Third Quarter

Fourth Quarter

On March 28, 2022, the closing

trading price of our shares of common stock was $0.73 per share and there were 88,625,709 common shares outstanding.

On that date, there

were approximately 217 registered holders of record of our shares of common stock, based upon information received from our stock transfer

However, this number does not include beneficial owners whose shares were held of record by nominees or broker dealers.

The Company has never declared

or paid any cash dividends on its common stock.

The Company currently intends to retain future earnings, if any, to finance the expansion

of its business.

As a result, the Company does not anticipate paying any cash dividends in the foreseeable future.

Securities Authorized for Issuance Under Equity Compensation Plans

Company held its annual meeting on August 4, 2020.

During its annual meeting, the Company approved 2020 Incentive Stock Plan and reserved

5,000,000 shares of common stock for issuance thereunder.

Recent Sales of Unregistered Securities

Common Shares Issued for Services

During the year ended December 31, 2021, the Company

issued a total of 1,405,679 shares of its common stock for services rendered and to be rendered.

These shares were valued at

$1,507,488, the fair market values on the grant dates using the reported closing share prices on the dates of grant, and the Company recorded

stock-based compensation expense of $1,075,756 for the year ended December 31, 2021 and reduced accrued liabilities of $276,032 and

recorded prepaid expense of $155,700 as of December 31, 2021 which will be amortized over the rest of corresponding service periods.

Shares Issued Pursuant to Related Party Debt Settlement Agreement and Release

21, 2021, the Company and Mr.

Lu entered into and closed a Debt Settlement Agreement and Release pursuant to which $3.0 million debt owed

under the Line of Credit were settled by issuance of the Company’s 2,400,000 shares of common stock.

The 2.4 million shares issued

had a fair value of $3 million.

The offers, sales, and issuances

of the securities described above were deemed to be exempt from registration under the Securities Act of 1933 in reliance on Section 4(a)(2)

of the Securities Act of 1933 or Regulation D promulgated thereunder as transactions by an issuer not involving a public offering.

recipients of securities in each of these transactions acquired the securities for investment only and not with a view to or for sale

in connection with any distribution thereof and appropriate legends were affixed to the securities issued in these transactions.

of the recipients of securities in these transactions was an accredited or sophisticated person and had adequate access, through employment,

business or other relationships, to information about us.

Holders of Record

As of March 30, 2023, there were approximately

222 registered holders of record of our shares of common stock, based upon information received from our stock transfer agent.

this number does not include beneficial owners whose shares were held of record by nominees or broker dealers.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity