Balance Labs, Inc. is a small consulting firm specializing in business development and strategic advisory services, primarily supporting startup and development-stage companies.

# Company Summary: Balance Labs, Inc.

## Overview
- **Incorporation Date:** June 5, 2014, under Delaware law
- **Type of Business:** Consulting firm specializing in business development and strategic advisory services
- **Primary Focus:** Assists startup and development-stage businesses across various industries by helping them build and refine their business models, marketing, sales, and operational strategies

## Services Offered
- Business model development
  - Market research
  - Naming and branding
- Business plan writing
- Financial modeling
- Website and mobile app development
- Employee and board member recruitment
- Patent and trademark filing assistance
- Professional introductions (legal, accounting, etc.)
- Product/service development and production
- Marketing materials creation
- Product/service placement and celebrity endorsements
- Future plans include offering executive office sharing and ancillary business services

## Target Market
- Startup and development-stage companies in the USA and abroad
- Clients typically lack resources or in-house expertise to fully execute or implement their business plans
- Benefits clients facing common startup challenges and growing pains

## Customers and Operations
- **Number of Clients:** Worked with only 3 clients since inception; plans to add 2-3 new clients by the end of 2025
- **Employees:** Currently only 4 employees
  - Michael D. Farkas – President, CEO, Chairman
  - Carmen Villegas – Secretary
  - Joel Kleiner – CFO
  - Yechiel Baron – General Counsel
- **Revenue:** No revenue reported in 2023 or 2024
- **Income:** Reported net losses
  - 2024: \-$528,223
  - 2023: \-$381,571
- **Other Financials:**
  - Cash on hand as of April 15, 2025: $13,199
  - Has a significant working capital deficiency of approximately \-$5.07 million as of December 31, 2024
  - Has minimal operating revenue and no firm financing arrangements

## Market Position
- No securities registered on major exchanges; traded on OTC Pink
- Faces significant competition from various service providers (business plan writers, legal and accounting firms, marketing agencies)
- Market for its services is highly competitive with limited differentiation prospects in the current highly fragmented environment

## Key Points
- Small-scale operations with limited revenue generating activity
- Reliance on personal and professional relationships for client acquisition
- No current employee-based operations beyond core management
- No patents or trademarks related to services
- The company faces ongoing financial challenges, including doubts about its ability to continue as a going concern, and primarily relies on future funding to sustain operations

Balance Labs, Inc. is a consulting firm focused on assisting startup and development-stage businesses with a range of services from business model development to product placement.

# Company Overview: Balance Labs, Inc.

**Incorporation and Leadership**
- **Incorporated**: June 5, 2014, in Delaware.
- **Leadership**: Led by Michael D. Farkas (President, CEO, and Chairman) with over 26 years of experience in corporate finance and business development.
- **Management Team**: Comprises experienced individuals from high-tech fields (telecommunications, EV charging infrastructure) and the agricultural industry (olive cultivation and olive oil production).

**Business Focus**
- **Industry**: Consulting for startup and development-stage businesses.
- **Primary Services**:
  - Business model development
  - Business plan writing
  - Financial modeling
  - Website and mobile app development
  - Employee and board member recruitment
  - Patent/trademark filing assistance
  - Professional introductions
  - Product/service development and production
  - Development of marketing materials
  - Product/service placement
  - Celebrity endorsements
  - Introductions to professional legal and accounting services
- **Future Plans**: Consider offering executive office sharing and additional ancillary services.

**Target Market**
- **Customer Base**: Startup and development-stage businesses in the U.S. and globally, particularly those lacking in-house resources.

**Marketing Strategy**
- **Initial Strategy**: Building relationships with startups and utilizing a company website (www.balancelabs.co), social media, and personal referrals to promote services.
- **Advertising Plans**: Future advertising in startup journals and online media.

**Competitive Landscape**
- **Competition**: Faces competition from business plan writers, lawyers, marketing firms, and established consulting firms that provide similar services to startups. 

**Current Operations**
- **Employees**: Currently, the company has no full-time employees besides its executives—Michael D. Farkas (CEO), Carmen Villegas (Secretary), Ari Feldman (CFO), and Yechiel Baron (General Counsel).
- **Customer Count**: The report does not specify the number of customers.
- **Revenue and Income**: The most recent financial data indicates limited operations with minimal revenue generation. The company acknowledges it is not currently generating revenue or net income.

**Financial Position**
- **Funding Needs**: The company states that it requires additional financing to execute its business plan, as current operating funds are less than necessary for full development.
- **Going Concern Doubt**: There are significant concerns raised by the independent auditors regarding the company’s ability to continue as a going concern due to insufficient funds.

**Operational Risks**
- **Market Risks**: Potential impacts from economic downturns, regulatory challenges, and competitive pressure could threaten growth and revenue streams.
- **Cybersecurity Risks**: The company recognizes vulnerabilities to cyber threats and has outlined mitigation strategies.

**Contact Information**
- **Address**: 407 Lincoln Road, Suite 9F, Miami Beach, FL 33139
- **Phone**: (305) 907-7600

The company recognizes that it is operating in a competitive environment and faces numerous operational and financial challenges that need to be addressed to ensure future success and sustainability.

Balance Labs, Inc.

10-K / April 15, 2025

10-K / April 15, 2024

10-K / April 15, 2025

Company Summary: Balance Labs, Inc.

Overview

Services Offered

Target Market

Customers and Operations

Market Position

Key Points