BALANCE LABS, INC.: 10-Q filed 2022-08-24

Name: BALANCE LABS, INC.: 10-Q filed 2022-08-24
Creator: BALANCE LABS, INC.

What BALANCE LABS, INC. reported in its quarterly report filed 2022-08-24 (fiscal Q2 2022): 30 published measures, 76 facts as tagged in accession 0001493152-22-023933.

This filing

Form: 10-Q (quarterly report)
Filed: 2022-08-24
Fiscal period: fiscal Q2 2022
Accession: 0001493152-22-023933 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All BALANCE LABS, INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2022-06-30	771,047	USD
At 2021-12-31	1,014,551	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2022-06-30	4,593,397	USD
At 2021-12-31	4,407,512	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit	Days
At 2021-12-31	-3,392,961	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit	Days
At 2022-06-30	227,769	USD
At 2021-12-31	227,558	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	-207,427	USD	91
2022-01-01 to 2022-06-30	-429,389	USD	181
2021-04-01 to 2021-06-30	-182,461	USD	91
2021-01-01 to 2021-06-30	-363,859	USD	181

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2022-01-01 to 2022-06-30	211	USD	181
2021-01-01 to 2021-06-30	-185,053	USD	181

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	9,500	USD	181

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	67,500	USD	91
2022-01-01 to 2022-06-30	135,000	USD	181

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	417,500	USD	181

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	-128,500	USD	181

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2022-06-30	-4,634,565	USD
At 2021-12-31	-4,205,176	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	21,674,000	shares	91
2022-01-01 to 2022-06-30	21,674,000	shares	181
2021-04-01 to 2021-06-30	21,674,000	shares	91
2021-01-01 to 2021-06-30	21,674,000	shares	181

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	-0.01	USD/shares	91
2022-01-01 to 2022-06-30	-0.02	USD/shares	181
2021-04-01 to 2021-06-30	-0.01	USD/shares	91
2021-01-01 to 2021-06-30	-0.02	USD/shares	181

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	-11,533	USD	91
2022-01-01 to 2022-06-30	-45,576	USD	181
2021-04-01 to 2021-06-30	-95,633	USD	91
2021-01-01 to 2021-06-30	-190,954	USD	181

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2022-06-30	432,173	USD
At 2021-12-31	425,682	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	58,616	USD	91
2022-01-01 to 2022-06-30	116,657	USD	181
2021-04-01 to 2021-06-30	55,960	USD	91
2021-01-01 to 2021-06-30	126,501	USD	181

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2022-06-30	4,118,912	USD
At 2021-12-31	3,938,697	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	79,033	USD	91
2022-01-01 to 2022-06-30	180,576	USD	181
2021-04-01 to 2021-06-30	95,633	USD	91
2021-01-01 to 2021-06-30	190,954	USD	181

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2022-06-30	21,674,000	shares
At 2021-12-31	21,674,000	shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2022-06-30	810,048	USD
At 2021-12-31	810,048	USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

Period	Value	Unit
At 2022-06-30	-3,822,350	USD
At 2022-03-31	-3,614,923	USD
At 2021-12-31	-3,392,961	USD
At 2021-06-30	-2,951,920	USD
At 2021-03-31	-2,770,529	USD
At 2020-12-31	-2,587,356	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2022-06-30	11,316	USD
At 2021-12-31	11,316	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2022-06-30	11,316	USD
At 2021-12-31	11,316	USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2022-06-30	338,874	USD
At 2021-12-31	588,869	USD

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	-207,427	USD	91
2022-01-01 to 2022-06-30	-429,389	USD	181
2021-04-01 to 2021-06-30	-185,190	USD	91
2021-01-01 to 2021-06-30	-368,363	USD	181

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	7,256	USD	91
2022-01-01 to 2022-06-30	11,295	USD	181
2021-04-01 to 2021-06-30	11,908	USD	91
2021-01-01 to 2021-06-30	17,808	USD	181

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	40	USD	91
2021-01-01 to 2021-06-30	80	USD	181

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	1,336	USD	181

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	-195,894	USD	91
2022-01-01 to 2022-06-30	-383,813	USD	181
2021-04-01 to 2021-06-30	-89,557	USD	91
2021-01-01 to 2021-06-30	-177,409	USD	181

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	27,545	USD	181

Inspect the source

Entity: BALANCE LABS, INC. / CIK 0001632121
Captured: 2026-09-21T17:21:12.183Z
SEC response SHA-256: 0001f61f0c3a30f0d1993e409a084a9a2cfc9702a70c962dbba951a43dac0dbf

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001632121.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))