Quarterly report [Sections 13 or 15(d)]

Convertible Notes and Notes Payable (Tables)

v3.25.1
Convertible Notes and Notes Payable (Tables)
3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Convertible Note Payable - Long Term

    March 31, 2025     December 31, 2024  
             
16th Avenues Associates   $ 500,000     $ 500,000  
Chase Mortgage, Inc.     25,000       25,000  
Debt discount     -       -  
Convertible note payable   $ 525,000     $ 525,000  

 

 

BALANCE LABS, INC.

Notes to Consolidated Financial Statements

March 31, 2025

(Unaudited)

 

Here’s the table summarizing the details of the convertible notes payable, including accrued interest as of March 31, 2025.

 

relevant information:

 

Loan Source   Loan Amount     Accrued Interest (as of March 31, 2025)     Balance Sheet Classification  
Chase Mortgage, Inc.   $ 25,000     $ 46,619     Convertible note payable  
16th Avenue Associates   $ 500,000     $ 450,137     Convertible note payable- net of debt discount  
Total   $ 525,000     $ 496,756