$BLNC
Balance Labs, Inc.

2022 Q1 Form 10-Q Financial Statement

#000149315222013738 Filed on May 16, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $67.50K
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $101.5K $95.32K
YoY Change 6.53% -17.39%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $40.00
YoY Change -100.0% 0.0%
% of Gross Profit
Operating Expenses $101.5K $95.32K
YoY Change 6.53% -17.39%
Operating Profit -$34.04K
YoY Change
Interest Expense -$187.9K -$87.85K
YoY Change 113.91% -29.44%
% of Operating Profit
Other Income/Expense, Net -$187.9K
YoY Change
Pretax Income -$222.0K -$183.2K
YoY Change 21.18% -23.65%
Income Tax
% Of Pretax Income
Net Earnings -$222.0K -$181.4K
YoY Change 22.36% -23.82%
Net Earnings / Revenue -328.83%
Basic Earnings Per Share -$0.01
Diluted Earnings Per Share -$10.24K -$8.369K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding 21.67M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $213.9K $7.650K
YoY Change 2696.08% 187.59%
Cash & Equivalents $213.9K
Short-Term Investments
Other Short-Term Assets $25.00K
YoY Change -14.76%
Inventory
Prepaid Expenses
Receivables $45.00K
Other Receivables $183.1K
Total Short-Term Assets $442.1K $117.8K
YoY Change 275.13% 268.48%
LONG-TERM ASSETS
Property, Plant & Equipment $1.380K
YoY Change -10.39%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $431.8K $1.253M
YoY Change -65.54% 894.44%
Other Assets
YoY Change
Total Long-Term Assets $451.8K $1.277M
YoY Change -64.63% 749.38%
TOTAL ASSETS
Total Short-Term Assets $442.1K $117.8K
Total Long-Term Assets $451.8K $1.277M
Total Assets $893.8K $1.395M
YoY Change -35.93% 665.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $881.7K $761.7K
YoY Change 15.76% 18.7%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $1.699M $1.674M
YoY Change 1.49% 12.16%
Long-Term Debt Due $278.3K $226.9K
YoY Change 22.7%
Total Short-Term Liabilities $4.037M $3.693M
YoY Change 9.33% 26.84%
LONG-TERM LIABILITIES
Long-Term Debt $471.7K $472.9K
YoY Change -0.26% 5.33%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $471.7K $472.9K
YoY Change -0.26% 5.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.037M $3.693M
Total Long-Term Liabilities $471.7K $472.9K
Total Liabilities $4.509M $4.110M
YoY Change 9.71% 24.1%
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 -$3.615M -$2.715M
YoY Change
Total Liabilities & Shareholders Equity $893.8K $1.395M
YoY Change -35.93% 665.04%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$222.0K -$181.4K
YoY Change 22.36% -23.82%
Depreciation, Depletion And Amortization $0.00 $40.00
YoY Change -100.0% 0.0%
Cash From Operating Activities -$13.66K -$127.5K
YoY Change -89.29% 141.55%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 -$119.0K
YoY Change -100.0% 580.0%
Cash From Investing Activities -$119.0K
YoY Change 580.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 248.5K
YoY Change 289.8%
NET CHANGE
Cash From Operating Activities -13.66K -127.5K
Cash From Investing Activities -119.0K
Cash From Financing Activities 248.5K
Net Change In Cash $0.00 2.010K
YoY Change -100.0% -130.78%
FREE CASH FLOW
Cash From Operating Activities -$13.66K -$127.5K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q1 us-gaap Long Term Loans Payable
LongTermLoansPayable
USD
CY2021Q4 us-gaap Long Term Loans Payable
LongTermLoansPayable
USD
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
USD
CY2021Q1 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
USD
CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
USD
CY2022Q1 us-gaap Depreciation
Depreciation
USD
CY2021Q1 BLNC Equity Method Investment Summarized Financial Information Net Loss
EquityMethodInvestmentSummarizedFinancialInformationNetLoss
USD
CY2021Q1 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
USD
CY2022Q1 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
USD
CY2022Q1 BLNC Proceeds From Short Term Debt Related Parties
ProceedsFromShortTermDebtRelatedParties
USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
USD
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
USD
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
USD
CY2021Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
USD
CY2022Q1 BLNC Investment At Fair Value Received From Issuance Of Note Receivable
InvestmentAtFairValueReceivedFromIssuanceOfNoteReceivable
USD
CY2022Q1 BLNC Equity In Joint Venture
EquityInJointVenture
USD
CY2021Q4 BLNC Equity In Joint Venture
EquityInJointVenture
USD
CY2022Q1 BLNC Equity Method Investment Summarized Financial Information Assets1
EquityMethodInvestmentSummarizedFinancialInformationAssets1
USD
CY2021Q4 BLNC Equity Method Investment Summarized Financial Information Assets1
EquityMethodInvestmentSummarizedFinancialInformationAssets1
USD
CY2022Q1 BLNC Equity Method Investment Summarized Financial Information Income
EquityMethodInvestmentSummarizedFinancialInformationIncome
USD
CY2021Q1 BLNC Equity Method Investment Summarized Financial Information Income
EquityMethodInvestmentSummarizedFinancialInformationIncome
USD
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
USD
CY2022Q1 us-gaap Depreciation
Depreciation
USD
CY2021Q4 us-gaap Minority Interest
MinorityInterest
USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
USD

Files In Submission

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0001493152-22-013738-index-headers.html Edgar Link pending
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0001493152-22-013738.txt Edgar Link pending
0001493152-22-013738-xbrl.zip Edgar Link pending
blnc-20220331.xsd Edgar Link pending
blnc-20220331_cal.xml Edgar Link unprocessable
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ex31-1.htm Edgar Link pending
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