Note 9 - Subsequent Events

During January 2021, The Farkas Group, a related party, loaned the Company a total of $73,500, unsecured, for one year and one day at an interest rate of 8%.

During February 2021, The Farkas Group, a related party, loaned the Company a total of $165,000, unsecured, for one year and one day at an interest rate of 8%.

During March 2021, The Farkas Group, a related party, loaned the Company a total of $10,000, unsecured, for one year and one day at an interest rate of 8%.

On January 29, 2021, Balance Labs Inc. made a loan to Four Acquisitions Ltd. in the principal amount of $119,000 which loan has an interest rate of 10% per annum and a maturity date of January 28, 2022 to Four Acquisitions Ltd. Additionally, in connection with the loan, the Company received a 20% interest in the recently acquired business and related assets of Four Acquisitions Ltd.

The coronavirus pandemic may adversely impact our operations and demand for our products and services and our ability to find new clients. This is due in part to restrictions such as: social distancing requirements; stay at home orders and the shutdown of non-essential businesses and the impact these restrictions have on small businesses and their ability to generate revenues which effects their ability to afford our services.