Balance Labs, Inc.

What they do

Balance Labs provides consulting to institutions navigating the digital asset economy, including strategic guidance on digital asset adoption and treasury strategy, delivered through retainer-based and project-based engagements. Four employees, including CEO Alan Campbell, Chairman Michael D. Farkas and CFO Joel Kleiner, run the business. The company also advises on designing and operating compliant blockchain-based tokens, loyalty programs and related digital infrastructure.

Revenue drivers

• Digital asset advisory services — All reported revenue comes from advisory engagements; the company recognized approximately $6,000 in Q4 2025, about $40,000 in Q1 2026, and $7,333 in Q2 2026, for $40,000 in the six months ended June 30, 2026.
• Institutional ETF and product strategy advisory — The company states its engagements include advising institutional asset managers on exchange-traded fund and digital asset product strategy; no separate revenue figure is disclosed for this work.
• Tokenization and digital infrastructure consulting — The company provides tokenization and digital infrastructure consulting to enterprise clients as part of its advisory offering; no separate revenue figure is disclosed.
• Planned digital asset treasury — The company has not deployed a treasury and reports no staking or yield revenue; it states deployment is contingent on sufficient capital.

Recent performance

For the three months ended June 30, 2026, revenue was $7,333 versus none in the prior-year quarter, and the net loss was $236,841 compared with $146,142. Total operating expenses were $507,890, including $332,810 of non-cash stock-based compensation tied to the CEO's August 2025 equity award. Other income of $263,716 was driven mainly by a $276,449 non-cash remeasurement gain on the CEO anti-dilution derivative. For the six months ended June 30, 2026, revenue was $40,000, operating expenses $1,028,644, and the net loss $59,038. Full-year 2025 revenue was $6,000 and the net loss was $31,768,325, driven by $31,240,951 of non-cash charges including a $16,595,746 loss on the November 2025 debt-to-equity conversion.

Strategy

Management plans to expand the advisory client base through referrals, conferences and direct institutional outreach, while formalizing relationships with subcontracted professionals. Subject to sufficient capital, it intends to deploy a rules-based digital asset treasury, rebalance holdings under a proprietary methodology, and run staking and yield-generating protocols on select proof-of-stake networks. It also plans to evaluate third-party custody, market data, execution, staking and digital asset accounting providers, and to recruit treasury management personnel. Corporate priorities include strengthening controls and reporting resources, pursuing capital formation, evaluating a potential uplisting to a national securities exchange, and appointing independent directors. Management states it does not expect material revenue growth until the advisory client base expands and any treasury is deployed at sufficient scale.

Risks

• Going concern and financing need — The company states its current operating funds are less than necessary to complete its business plan, it has no firm financing arrangements, and failure to raise capital could prevent it from continuing as a going concern.
• Minimal revenue base — Full-year 2025 revenue was $6,000 and first-half 2026 revenue was $40,000, which the company says is insufficient to sustain operations or achieve profitability.
• UndepJoyed treasury strategy — The digital asset treasury that underpins the growth plan has not been deployed and is contingent on capital the company may not be able to raise on acceptable terms or at all.
• Dependence on key personnel and related-party holdings — The business is led by a four-person team including CEO Alan Campbell and Chairman Michael D. Farkas, and the company's marketable securities consist of 26,573 NextNRG shares, a company in which Farkas beneficially owns roughly 49% of the common stock.

Outlook

Management states that it does not expect material revenue growth until the advisory client base expands and any digital asset treasury is deployed at a scale sufficient to support consistent staking and yield-generating activities. It identifies working capital to accommodate negative operating cash flow as its primary funding requirement and has no firm financing arrangements. The company also states it may pursue capital formation, a potential exchange uplisting, and additional independent directors, subject to market conditions and applicable listing standards.