Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2019

Balance Labs, Inc. and subsidiaries use the equity method to account for their financial interest in the following company:

	March 31, 2019		December 31, 2018
iGrow Systems Inc. (a)	$	21,134	$	-
Total	$	21,134	$	-

a) Balance Labs Inc., is a 44.20% and 44.44% owner of iGrow Systems Inc., as of March 31, 2019 and December 31, 2018, respectively.

Schedule of Financial Information

The Company has a non controlling interest in iGrow Systems, Inc., a Limited Partnership Corporation formed to develop a rapid plant growing device. Some of the members participate in the project which is under the general management of the members. Summary information on the joint venture follows:

	March 31, 2019			December 31, 2018
Total Assets	$	12,592		$	5,711
Total Liabilities		23,166			31,291
Shareholders’ (Deficit)		(10,574	)		(25,580	)

Income		-			-
Expenses		55,785			25,580
Net (Loss)	$	(55,785	)	$	(25,580	)

Schedule of Fair Value of Assets on Recurring Basis

The following table presents certain assets of the Company’s measured and recorded at fair value on the Company’s balance sheet on a recurring basis and their level within the fair value hierarchy as of March 31, 2019.

	Total		(Level 1)		(Level 2)		(Level 3)
Fair-value – equity securities	$	235,000	$	-	$	-	$	235,000
Total Assets measured at fair value	$	235,000	$	-	$	-	$	235,000

	Total		(Level 1)		(Level 2)		(Level 3)
Fair-value – equity securities	$	220,000	$	-	$	-	$	220,000
Total Assets measured at fair value	$	220,000	$	-	$	-	$	220,000

Schedule of Reconciliation of Level 3 Assets

The following is a reconciliation of the level 3 Assets:

Beginning Balance as of January 1, 2018	$	80,000

Unrealized gain on (level 3) securities		155,000

Ending Balance as of March 31, 2019	$	235,000

Schedule of Property and Equipment

Property and equipment as of March 31, 2019 and December 31, 2018 consisted of the following:

	2019		2018
Website	$	1,336	$	1,336
Computer equipment & Software		5,358		5,358
Furniture		4,622		4,622
Total		11,316		11,316
Less Accumulated Depreciation		8,863		8,794
Property and Equipment, net	$	2,453	$	2,522

Schedule of Intangible Assets

Intangible Assets as of March 31, 2019 and December 31, 2018 consisted of the following:

	2019		2018
Trademarks	$	2,836	$	2,836
Total		2,836		2,836