$BLNC
Balance Labs, Inc.

2021 Q3 Form 10-Q Financial Statement

#000149315221029429 Filed on November 19, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3
Revenue $200.0K
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $99.82K $86.41K
YoY Change 15.52% -37.26%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $40.00
YoY Change -100.0% -66.67%
% of Gross Profit
Operating Expenses $99.82K $86.41K
YoY Change 15.52% -37.26%
Operating Profit $100.2K
YoY Change
Interest Expense $3.181M
YoY Change
% of Operating Profit 3174.72%
Other Income/Expense, Net $3.020M
YoY Change
Pretax Income $3.121M -$270.9K
YoY Change -1251.94% 7.42%
Income Tax
% Of Pretax Income
Net Earnings $3.129M -$269.1K
YoY Change -1262.57% 6.6%
Net Earnings / Revenue 1564.36%
Basic Earnings Per Share $0.14
Diluted Earnings Per Share $125.0K -$12.42K
COMMON SHARES
Basic Shares Outstanding 21.67M shares
Diluted Shares Outstanding 25.04M shares

Balance Sheet

Concept 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $222.3K $5.380K
YoY Change 4032.34% 31.86%
Cash & Equivalents $222.3K $5.375K
Short-Term Investments
Other Short-Term Assets $0.00 $30.01K
YoY Change -100.0% 2.32%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $360.5K $35.38K
YoY Change 918.94% 5.93%
LONG-TERM ASSETS
Property, Plant & Equipment $1.460K
YoY Change -9.88%
Goodwill
YoY Change
Intangibles $0.00
YoY Change
Long-Term Investments $4.119M $195.0K
YoY Change 2012.16% 2.36%
Other Assets
YoY Change
Total Long-Term Assets $4.144M $219.3K
YoY Change 1789.68% 4.45%
TOTAL ASSETS
Total Short-Term Assets $360.5K $35.38K
Total Long-Term Assets $4.144M $219.3K
Total Assets $4.504M $254.7K
YoY Change 1668.71% 4.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $821.7K $701.7K
YoY Change 17.1% 13.78%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $1.674M $1.606M
YoY Change 4.24% 22.18%
Long-Term Debt Due $274.9K
YoY Change
Total Short-Term Liabilities $3.870M $3.229M
YoY Change 19.86% 28.92%
LONG-TERM LIABILITIES
Long-Term Debt $466.0K $469.2K
YoY Change -0.68% -6.16%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $466.0K $469.2K
YoY Change -0.68% -6.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.870M $3.229M
Total Long-Term Liabilities $466.0K $469.2K
Total Liabilities $4.269M $3.646M
YoY Change 17.1% 23.12%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $235.2K -$3.391M
YoY Change
Total Liabilities & Shareholders Equity $4.504M $254.7K
YoY Change 1668.71% 4.65%

Cashflow Statement

Concept 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $3.129M -$269.1K
YoY Change -1262.57% 6.6%
Depreciation, Depletion And Amortization $0.00 $40.00
YoY Change -100.0% -66.67%
Cash From Operating Activities $131.1K -$53.75K
YoY Change -343.83% -32.85%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities -$58.32K $0.00
YoY Change
Cash From Investing Activities -$58.32K $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 40.00K 51.00K
YoY Change -21.57% -32.0%
NET CHANGE
Cash From Operating Activities 131.1K -53.75K
Cash From Investing Activities -58.32K 0.000
Cash From Financing Activities 40.00K 51.00K
Net Change In Cash 112.7K -2.750K
YoY Change -4199.64% -65.8%
FREE CASH FLOW
Cash From Operating Activities $131.1K -$53.75K
Capital Expenditures $0.00 $0.00
Free Cash Flow $131.1K -$53.75K
YoY Change -343.83% -30.23%

Facts In Submission

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CY2020Q4 us-gaap Interest Receivable Current
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CY2021Q3 us-gaap Commitments And Contingencies
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CY2020Q4 us-gaap Preferred Stock Value
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CY2020Q3 us-gaap Interest Expense
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us-gaap Deconsolidation Gain Or Loss Amount
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us-gaap Amortization Of Financing Costs
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us-gaap Impairment Of Investments
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BLNC Gain On Deconsolidation Of Subsidiary
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BLNC Gain On Forgiveness Of Ppp Loan One
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us-gaap Increase Decrease In Accrued Interest Receivable Net
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us-gaap Payments To Acquire Notes Receivable
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us-gaap Payments To Acquire Property Plant And Equipment
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BLNC Cash Disposed In Deconsolidation Of Subsidiary
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us-gaap Repayments Of Convertible Debt
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CY2021Q3 BLNC Notes Payable Current Exclude Convertible Notes Payable
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CY2021Q3 us-gaap Long Term Loans Payable
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CY2020Q4 BLNC Note Receivable Net Current
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CY2021Q3 us-gaap Property Plant And Equipment Net
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CY2020Q4 us-gaap Equity Method Investments
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us-gaap Proceeds From Notes Payable
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us-gaap Proceeds From Related Party Debt
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us-gaap Proceeds From Convertible Debt
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us-gaap Income Taxes Paid Net
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us-gaap Income Taxes Paid Net
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us-gaap Debt Instrument Convertible Beneficial Conversion Feature
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CY2021Q3 BLNC Equity In Joint Venture
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CY2020Q4 BLNC Equity In Joint Venture
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BLNC Equity Method Investment Summarized Financial Information Income
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CY2020 BLNC Equity Method Investment Summarized Financial Information Income
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us-gaap Unrealized Gain Loss On Investments
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14278 USD
CY2021Q3 us-gaap Business Combination Assets And Liabilities Arising From Contingencies Amount Recognized
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CY2021Q3 us-gaap Business Combination Assets And Liabilities Arising From Contingencies Amount Recognized Other Than At Fair Value
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CY2020Q3 us-gaap Preferred Stock Dividends And Other Adjustments
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CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2021Q3 us-gaap Finite Lived Trademarks Gross
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CY2021Q3 us-gaap Finite Lived Intangible Assets Net
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