Balance Labs Inc
For the period ended Sep 30, 2024. Filed Nov 19, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 19, 2024
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended:September 30,2024
or
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from __________ to __________
Commission File Number**:333-202959**
(Exact name of registrant as specified in its charter)
| Delaware | 47-1146785 |
|---|---|
| (State or other jurisdiction Identification No.) | (IRS Employer of incorporation) |
407 Lincoln Road, Suite 701
Miami Beach, Florida 33139
(Address of principal executive offices)
(305) 907-7600
(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| None | None | None |
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months, and (2) has been subject to such filing requirements for the past 90 days. Yes ☐No ☒
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐
Indicate by check mark whether the registrant is large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act:
| Large accelerated filer | ☐ | Accelerated filer | ☐ |
|---|---|---|---|
| Non-accelerated filer | ☒ | Smaller Reporting Company | ☒ |
| Emerging growth company | ☐ | ||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No☒
As of November 11, 2024 , there were 21,674,000 shares outstanding of the registrant’s common stock.
FORM 10-Q
TABLE OF CONTENTS
| Page | |
|---|---|
| PART I - FINANCIAL INFORMATION | |
| Item 1. Financial Statements (unaudited) | 4 |
| Balance Sheets as of September 30, 2024 (unaudited) and December 31, 2023 | 4 |
| Statements of Operations for the three and nine months ended September 30, 2024 and 2023 (unaudited) | 5 |
| Statements of Stockholders’ Deficit for the three and nine months ended September 30, 2024 and 2023 (unaudited) | 6 |
| Statements of Cash Flows for the nine months ended September 30, 2024 and 2023 (unaudited) | 7 |
| Condensed Notes to Financial Statements (unaudited) | 8 |
| Item 4. Controls and Procedures. | 23 |
| PART II - OTHER INFORMATION | |
| Item 1. Legal Proceedings. | 24 |
| Item 1A. Risk Factors. | 24 |
| Item 2 Unregistered Sales of Equity Securities and Use of Proceeds. | 24 |
| Item 3 Defaults Upon Senior Securities. | 24 |
| Item 4. Mine Safety Disclosures. | 25 |
| Item 5. Other Information. | 25 |
| Item 6. Exhibits. | 25 |
| Signatures | 26 |
Explanatory Note:
The registrant has filed all reports required to be filed by section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months, however, the registrant is not subject to such fling requirements and is making such filings on a voluntary basis.
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