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Note 2 - Basis of Presentation
6 Months Ended
Jun. 30, 2018
Notes to Financial Statements  
Basis of Accounting [Text Block]
Note
2.
Basis of Presentation
 
The unaudited condensed consolidated financial statements of Avalon and related notes included herein have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been omitted consistent with such rules and regulations. The accompanying unaudited condensed consolidated financial statements and related notes should be read in conjunction with the consolidated financial statements and related notes included in Avalon’s
2017
Annual Report to Shareholders.
 
The unaudited condensed consolidated financial statements include the accounts of Avalon, its wholly owned subsidiaries and those companies in which Avalon has managerial control. All significant intercompany accounts and transactions have been eliminated in consolidation.
 
In the opinion of management, these unaudited condensed consolidated financial statements include all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the financial position of Avalon as of
June 30, 2018,
and the results of its operations and cash flows for the interim periods presented.
 
The operating results for the interim periods are
not
necessarily indicative of the results to be expected for the full year.
 
Presentation Revision
 
To comply with SEC Regulation S-
X,
Rule
5
-
03,
the Company revised its presentation of net operating revenues and associated operating costs separately for all significant revenue types, consisting of our waste management services as well as food, beverage and merchandise sales and other golf operations, each within our golf and related operations segment in our Condensed Consolidated Statements of Operations.  The Company determined that this revision is
not
material to any prior period and has reflected this revision in the Condensed Consolidated Statements of Operations for the
three
and
six
months ended
June 30, 2017. 
This presentation did
not
affect total revenue, total costs and expenses, operating income (loss), net income (loss) or net income (loss) attributable to Avalon Holdings Corporation common shareholders.