Balance Labs, Inc. (BLNC) Form 10-Q — May 15, 2026
Balance Labs, Inc. reported Q1 2026 results showing $32,667 in revenue and a net income of $177,803, but the profitability was entirely artificial, driven by a $706,056 non-cash gain on the remeasurement of a derivative liability tied to the CEO's anti-dilution provision. Underlying operations remain deeply distressed, with a $488,087 operating loss, $142,609 in cash burn, and only $216,366 in cash remaining against total liabilities of $3.1 million. The company disclosed substantial doubt about its ability to continue as a going concern, noting it has an accumulated deficit of $37.5 million and a working capital deficit of $2.9 million.
Key figures
- Eps
- 0
- Revenue
- 32667
- Net Income
- 177803
- Total Debt
- 3129045
- Total Assets
- 259662
- Cash Position
- 216366
- Shares Outstanding
- 46852319
- Cash Burn Operating
- 142609
- Derivative Liability
- 1238750
- Non Cash Gain Derivative
- 706056
- Stock Based Compensation
- 329153
Price after filing
Close on the filing date to close N calendar days later (from $1.55). Historical, not a forecast.
AI analysis
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