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, 2022

The Company uses the equity method to account for their financial interest in the following company:

Schedule of Equity Method Investments


	March 31,
	2022 (Unaudited)		December 31, 2021

iGrow Systems Inc. (a)	$	-	$	-
Total	$	-	$	-

Schedule of Joint Venture of Financial Information

Summary information on the joint venture at March 31, 2022 and December 31, 2021 is as follows:

	March 31,
	2022 (Unaudited)			December 31, 2021

Total Assets	$	-		$	-
Total Liabilities		241,092			239,671
Shareholders’ Deficit		(241,092	)		(239,671	)

	March 31,			March 31,
	2022 (Unaudited)			2021 (Unaudited)

Income		-			-
Expenses		1,421			48,681
Net Income (Loss)	$	(1,421	)	$	(48,681	)

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, 2022.

	Total		(Level 1)		(Level 2)		(Level 3)
Fair-value – equity securities	$	418,522	$	418,522	$	-	$	-
Total fair - value – equity securities	$	418,522	$	418,522	$	-	$	-

BALANCE LABS, INC. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

As of March 31, 2022

(Unaudited)

	Total		(Level 1)		(Level 2)		(Level 3)
Fair-value – equity securities	$	550,057	$	550,057	$	-	$	-
Total fair – value – equity securities	$	550,057	$	550,057	$	-	$	-

Schedule of Property and Equipment

Property and equipment as of March 31, 2022 and December 31, 2021 consisted of the following:

Schedule of Property and Equipment

	March 31, 2022 (Unaudited)			December 31, 2021
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		(11,316	)		(11,316	)
Property and Equipment, net	$	-		$	-