Balance Labs, Inc. (BLNC) financial statements (2022 and earlier)

Company profile

Business Address 1111 LINCOLN ROAD
MIAMI, FL 33139
State of Incorp. DE
Fiscal Year End December 31
SIC 8742 - Management Consulting Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2286927716
Cash and cash equivalents2286927716
Receivables35  33 892
Prepaid expense 2529292936
Other undisclosed current assets163    (892)
Total current assets:4263139903752
Noncurrent Assets
Property, plant and equipment 12359
Long-term investments and receivables 2018   
Due from related parties 2018   
Intangible assets, net (including goodwill) 333  
Intangible assets, net (excluding goodwill) 333  
Other noncurrent assets589     
Other undisclosed noncurrent assets 1,21617722080894
Total noncurrent assets:5891,24019922585903
TOTAL ASSETS:1,0151,270237315121955
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,010 65343324795
Interest and dividends payable     38
Other undisclosed accounts payable and accrued liabilities1,010 65343324758
Debt2525112100525400
Due to related parties9598391,0696943131
Other undisclosed current liabilities1,9452,524895 561333
Total current liabilities:3,9393,3882,7291,2271,646829
Noncurrent Liabilities
Long-term debt and lease obligation469457    
Long-term debt, excluding current maturities469457    
Liabilities, other than long-term debt  446   
Due to related parties  446   
Other undisclosed noncurrent liabilities 13    
Total noncurrent liabilities:469470446   
Other undisclosed liabilities (0) 1,201  
Total liabilities:4,4083,8583,1752,4281,646829
Stockholders' equity
Stockholders' equity attributable to parent(3,326)(2,533)(2,891)(2,072)(1,525)126
Common stock222222
Additional paid in capital810806806741741741
Accumulated other comprehensive income    80892
Accumulated deficit(4,139)(3,342)(3,700)(2,815)(2,348)(1,509)
Stockholders' equity attributable to noncontrolling interest(67)(54)(47)(41)  
Total stockholders' equity:(3,393)(2,587)(2,938)(2,113)(1,525)126
TOTAL LIABILITIES AND EQUITY:1,0151,270237315121955

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues6251,000371 
Cost of revenue
(Cost of Goods and Services Sold)
    (30)(15)
Gross profit:6251,00037(30)(15)
Operating expenses(400)(387)(561)(610)(535)(670)
Other undisclosed operating income    301,355
Operating income (loss):224613(558)(603)(535)670
Nonoperating income (expense)(1,034)(262)(332)10 125
Investment income, nonoperating(669)     
Debt instrument, convertible, beneficial conversion feature     125
Interest and debt expense(244)(206)(167)(130)  
Income (loss) from continuing operations before equity method investments, income taxes:(1,054)145(1,057)(723)(535)795
Loss from equity method investments(14)(95)    
Income (loss) before gain (loss) on sale of properties:(1,067)50(1,057)(723)(535)795
Other undisclosed net income (loss)258300167130(304) 
Net income (loss):(809)351(890)(593)(839)795
Net income (loss) attributable to noncontrolling interest1376(45)1 
Other undisclosed net income (loss) attributable to parent   91 (1,930)
Net income (loss) available to common stockholders, diluted:(797)358(884)(548)(839)(1,135)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(809)351(890)(593)(839)795
Other comprehensive loss  (43)   
Comprehensive income (loss):(809)351(933)(593)(839)795
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1376(45)1 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   91(812)(1,038)
Comprehensive income (loss), net of tax, attributable to parent:(797)358(927)(548)(1,651)(243)

Statements sources

The financial statements are based on the company's filings with the 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.

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