Balance Labs, Inc. (BLNC) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments692771619
Cash and cash equivalents692771619
Receivables  33 8921
Prepaid expense25292929363
Other undisclosed current assets    (892)(1)
Total current assets:313990375222
Noncurrent Assets
Property, plant and equipment12359 
Long-term investments and receivables2018    
Due from related parties2018    
Intangible assets, net (including goodwill)333   
Intangible assets, net (excluding goodwill)333   
Other undisclosed noncurrent assets1,216177220808941
Total noncurrent assets:1,240199225859031
TOTAL ASSETS:1,27023731512195523
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 6534332479537
Accounts payable     37
Interest and dividends payable    38 
Other undisclosed accounts payable and accrued liabilities 65343324758 
Debt251121005254007
Deferred compensation liability     174
Due to related parties8391,069694313122
Other undisclosed current liabilities2,524895 56133326
Total current liabilities:3,3882,7291,2271,646829265
Noncurrent Liabilities
Long-term debt and lease obligation457     
Long-term debt, excluding current maturities457     
Liabilities, other than long-term debt 446    
Due to related parties 446    
Other undisclosed noncurrent liabilities13     
Total noncurrent liabilities:470446    
Other undisclosed liabilities(0) 1,201   
Total liabilities:3,8583,1752,4281,646829265
Stockholders' equity
Stockholders' equity attributable to parent(2,533)(2,891)(2,072)(1,525)126(242)
Common stock222222
Additional paid in capital806806741741741130
Accumulated other comprehensive income   80892 
Accumulated deficit(3,342)(3,700)(2,815)(2,348)(1,509)(374)
Stockholders' equity attributable to noncontrolling interest(54)(47)(41)   
Total stockholders' equity:(2,587)(2,938)(2,113)(1,525)126(242)
TOTAL LIABILITIES AND EQUITY:1,27023731512195523

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,000371 39
Cost of revenue
(Cost of Goods and Services Sold)
   (30)(15) 
Gross profit:1,00037(30)(15)39
Operating expenses(387)(561)(610)(535)(670)(402)
Other undisclosed operating income   301,355 
Operating income (loss):613(558)(603)(535)670(363)
Nonoperating income (expense)(262)(332)10 125 
Debt instrument, convertible, beneficial conversion feature    125 
Interest and debt expense(206)(167)(130)  2
Income (loss) from continuing operations before equity method investments, income taxes:145(1,057)(723)(535)795(361)
Loss from equity method investments(95)     
Other undisclosed loss from continuing operations before income taxes     (5)
Income (loss) before gain (loss) on sale of properties:50(1,057)(723)(535)795(366)
Other undisclosed net income (loss)300167130(304)  
Net income (loss):351(890)(593)(839)795(366)
Net income (loss) attributable to noncontrolling interest76(45)1  
Other undisclosed net income (loss) attributable to parent  91 (1,930) 
Net income (loss) available to common stockholders, diluted:358(884)(548)(839)(1,135)(366)

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):351(890)(593)(839)795(366)
Other comprehensive loss (43)    
Comprehensive income (loss):351(933)(593)(839)795(366)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest76(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:358(927)(548)(1,651)(243)(366)

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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