Balance Labs, Inc. (BLNC) Financial Statements (2024 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) (USD)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments384,119227,5585,6329,18427,2237,355
Cash and cash equivalents235,311227,5585,6329,18427,2237,355
Short-term investments148,808     
Receivables 45,00035,432  32,958 
Prepaid expense   25,00029,32529,32529,325
Other undisclosed current assets  162,692    
Total current assets:429,119425,68230,63238,50989,50636,680
Noncurrent Assets
Property, plant and equipment   1,4161,5762,5224,722
Long-term investments and receivables   20,00017,500  
Due from related parties  20,00017,500  
Intangible assets, net (including goodwill)   2,8362,8362,836 
Intangible assets, net (excluding goodwill)   2,8362,8362,836 
Other noncurrent assets  588,869    
Other undisclosed noncurrent assets   1,215,500177,000220,00080,000
Total noncurrent assets:  588,8691,239,752198,912225,35884,722
TOTAL ASSETS:429,1191,014,5511,270,384237,421314,864121,402
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,220,0171,010,028 653,160433,425247,100
Other undisclosed accounts payable and accrued liabilities1,220,0171,010,028 653,160433,425247,100
Debt25,00025,00025,000112,167100,000525,000
Due to related parties1,018,509958,509838,5091,068,608693,639312,789
Other undisclosed current liabilities1,846,7501,945,1602,524,110895,365 561,159
Total current liabilities:4,110,2763,938,6973,387,6192,729,3001,227,0641,646,048
Noncurrent Liabilities
Long-term debt and lease obligation480,155468,815457,475   
Long-term debt, excluding current maturities480,155468,815457,475   
Liabilities, other than long-term debt    446,135  
Due to related parties   446,135  
Other undisclosed noncurrent liabilities   12,647   
Total noncurrent liabilities:480,155468,815470,122446,135  
Other undisclosed liabilities   (1) 1,200,909 
Total liabilities:4,590,4314,407,5123,857,7403,175,4352,427,9731,646,048
Equity
Equity, attributable to parent(4,161,312)(3,326,311)(2,533,414)(2,891,171)(2,071,937)(1,524,646)
Common stock2,1672,1672,1672,1672,1622,162
Additional paid in capital810,048810,048806,249806,249741,271741,271
Accumulated other comprehensive income      79,500
Accumulated deficit(4,973,527)(4,138,526)(3,341,830)(3,699,587)(2,815,370)(2,347,579)
Equity, attributable to noncontrolling interest  (66,650)(53,942)(46,843)(41,172) 
Total equity:(4,161,312)(3,392,961)(2,587,356)(2,938,014)(2,113,109)(1,524,646)
TOTAL LIABILITIES AND EQUITY:429,1191,014,5511,270,384237,421314,864121,402

Income Statement (P&L) (USD)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues247,500624,5901,000,0003,3336,667500
Cost of revenue
(Cost of Goods and Services Sold)
      (30,000)
Gross profit:247,500624,5901,000,0003,3336,667(29,500)
Operating expenses(270,336)(400,164)(387,494)(561,275)(609,722)(535,109)
Other undisclosed operating income      30,000
Operating income (loss):(22,836)224,426612,506(557,942)(603,055)(534,609)
Nonoperating income (expense)(745,515)(1,033,830)(261,848)(331,946)10,092 
Investment income, nonoperating83,064(668,626)    
Interest and debt expense(231,671)(244,291)(205,838)(167,087)(129,908) 
Income (loss) from continuing operations before equity method investments, income taxes:(1,000,022)(1,053,695)144,820(1,056,975)(722,871)(534,609)
Loss from equity method investments  (13,591)(94,510)   
Income (loss) from continuing operations:(1,000,022)(1,067,286)50,310(1,056,975)(722,871)(534,609)
Income (loss) before gain (loss) on sale of properties:(1,067,286)50,310(1,056,975)(722,871)(534,609)
Other undisclosed net income (loss)231,671257,882300,348167,087129,908(304,468)
Net income (loss):(768,351)(809,404)350,658(889,888)(592,963)(839,077)
Net income (loss) attributable to noncontrolling interest  12,7087,0995,671(45,285)500
Other undisclosed net income attributable to parent    90,570 
Net income (loss) available to common stockholders, diluted:(768,351)(796,696)357,757(884,217)(547,678)(838,577)

Comprehensive Income (USD)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(768,351)(809,404)350,658(889,888)(592,963)(839,077)
Other comprehensive loss    (43,000)  
Comprehensive income (loss):(768,351)(809,404)350,658(932,888)(592,963)(839,077)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  12,7087,0995,671(45,285)500
Other undisclosed comprehensive income (loss), net of tax, attributable to parent     90,570(812,250)
Comprehensive income (loss), net of tax, attributable to parent:(768,351)(796,696)357,757(927,217)(547,678)(1,650,827)

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.

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