Balance Labs, Inc. (BLNC) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1111 LINCOLN ROAD MIAMI, FL 33139 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 8742 - Management Consulting Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 113 | 384 | 228 | 6 | 9 | 27 | |||
| Cash and cash equivalents | 113 | 235 | 228 | 6 | 9 | 27 | |||
| Short-term investments | 149 | ||||||||
| Receivables | 45 | 35 | 33 | ||||||
| Prepaid expense | 25 | 29 | 29 | ||||||
| Other undisclosed current assets | 108 | 163 | |||||||
| Total current assets: | 221 | 429 | 426 | 31 | 39 | 90 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 1 | 2 | 3 | ||||||
| Long-term investments and receivables | 20 | 18 | |||||||
| Due from related parties | ✕ | ✕ | 20 | 18 | |||||
| Intangible assets, net (including goodwill) | 3 | 3 | 3 | ||||||
| Intangible assets, net (excluding goodwill) | 3 | 3 | 3 | ||||||
| Other noncurrent assets | 589 | ||||||||
| Other undisclosed noncurrent assets | 1,216 | 177 | 220 | ||||||
| Total noncurrent assets: | 589 | 1,240 | 199 | 225 | |||||
| TOTAL ASSETS: | 221 | 429 | 1,015 | 1,270 | 237 | 315 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 1,382 | 1,220 | 1,010 | 653 | 433 | ||||
| Other undisclosed accounts payable and accrued liabilities | 1,382 | 1,220 | 1,010 | 653 | 433 | ||||
| Debt | 107 | 25 | 25 | 25 | 112 | 100 | |||
| Other liabilities | 173 | ||||||||
| Due to related parties | ✕ | ✕ | 1,019 | 959 | 839 | 1,069 | 694 | ||
| Other undisclosed current liabilities | 3,102 | 1,847 | 1,945 | 2,524 | 895 | ||||
| Total current liabilities: | 4,764 | 4,110 | 3,939 | 3,388 | 2,729 | 1,227 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 480 | 469 | 457 | ||||||
| Long-term debt, excluding current maturities | 480 | 469 | 457 | ||||||
| Liabilities, other than long-term debt | 446 | ||||||||
| Due to related parties | ✕ | ✕ | 446 | ||||||
| Other undisclosed noncurrent liabilities | 13 | ||||||||
| Total noncurrent liabilities: | 480 | 469 | 470 | 446 | |||||
| Other undisclosed liabilities | (0) | 1,201 | |||||||
| Total liabilities: | 4,764 | 4,590 | 4,408 | 3,858 | 3,175 | 2,428 | |||
| Equity | |||||||||
| Equity, attributable to parent | (4,543) | (4,161) | (3,326) | (2,533) | (2,891) | (2,072) | |||
| Common stock | 2 | 2 | 2 | 2 | 2 | 2 | |||
| Additional paid in capital | 810 | 810 | 810 | 806 | 806 | 741 | |||
| Accumulated deficit | (5,355) | (4,974) | (4,139) | (3,342) | (3,700) | (2,815) | |||
| Equity, attributable to noncontrolling interest | (67) | (54) | (47) | (41) | |||||
| Total equity: | (4,543) | (4,161) | (3,393) | (2,587) | (2,938) | (2,113) | |||
| TOTAL LIABILITIES AND EQUITY: | 221 | 429 | 1,015 | 1,270 | 237 | 315 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 248 | 625 | 1,000 | 3 | 7 | |||
| Gross profit: | 248 | 625 | 1,000 | 3 | 7 | |||
| Operating expenses | (116) | (270) | (400) | (387) | (561) | (610) | ||
| Operating income (loss): | (116) | (23) | 224 | 613 | (558) | (603) | ||
| Nonoperating income (expense) | (265) | (746) | (1,034) | (262) | (332) | 10 | ||
| Investment income, nonoperating | 83 | (669) | ||||||
| Interest and debt expense | (224) | (232) | (244) | (206) | (167) | (130) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (606) | (1,000) | (1,054) | 145 | (1,057) | (723) | ||
| Loss from equity method investments | (14) | (95) | ||||||
| Income (loss) from continuing operations: | (606) | (1,000) | (1,067) | 50 | (1,057) | (723) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (1,067) | 50 | (1,057) | (723) | |
| Other undisclosed net income | 224 | 232 | 258 | 300 | 167 | 130 | ||
| Net income (loss): | (382) | (768) | (809) | 351 | (890) | (593) | ||
| Net income (loss) attributable to noncontrolling interest | 13 | 7 | 6 | (45) | ||||
| Other undisclosed net income (loss) attributable to parent | 91 | |||||||
| Net income (loss) available to common stockholders, diluted: | (382) | (768) | (797) | 358 | (884) | (548) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (382) | (768) | (809) | 351 | (890) | (593) | ||
| Other comprehensive loss | (43) | |||||||
| Comprehensive income (loss): | (382) | (768) | (809) | 351 | (933) | (593) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 13 | 7 | 6 | (45) | ||||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 91 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (382) | (768) | (797) | 358 | (927) | (548) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.