10-Q Filing

IRONSTONE PROPERTIES, INC. CIK: 723269 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001437749-11-005226`
Period End Date	20110630
Filing Date	20110729
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	irns-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 47 Cash Flow Statement 24

Balance Sheet 44 line items

Line Item	Tag	Value	Unit	Period
Common stock, Par Value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, Par Value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, Shares Authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Common stock, Shares Authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Cash	`Cash`	$3.91K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.49M	shares	Point-in-time
Cash	`Cash`	$1.57K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.49M	shares	Point-in-time
Marketable securities available for sale, at fair value	`AvailableForSaleSecuritiesCurrent`	$7.80K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	742,108.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	742,108.00	shares	Point-in-time
Marketable securities available for sale, at fair value	`AvailableForSaleSecuritiesCurrent`	$10.92K	USD	Point-in-time
Less: Treasury Stock, Number of Shares	`TreasuryStockShares`	745,536.00	shares	Point-in-time
Less: Treasury Stock, Number of Shares	`TreasuryStockShares`	745,536.00	shares	Point-in-time
Salon Media Group, Inc. common stock	`AvailableForSaleSecurities`	$8.00K	USD	Point-in-time
Salon Media Group, Inc. common stock	`AvailableForSaleSecurities`	$8.00K	USD	Point-in-time
Salon Media Group, Inc. Series C Preferred	`InvestmentOwnedAtFairValue`	$84.30K	USD	Point-in-time
Salon Media Group, Inc. Series C Preferred	`InvestmentOwnedAtFairValue`	$84.30K	USD	Point-in-time
Total assets	`Assets`	$104.00K	USD	Point-in-time
Total assets	`Assets`	$104.78K	USD	Point-in-time
Line of credit borrowings	`LinesOfCreditCurrent`	$350.00K	USD	Point-in-time
Line of credit borrowings	`LinesOfCreditCurrent`	$350.00K	USD	Point-in-time
Note payable to related party	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	$214.50K	USD	Point-in-time
Note payable to related party	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	$249.50K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$73.05K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$64.09K	USD	Point-in-time
Total liabilities	`Liabilities`	$672.55K	USD	Point-in-time
Total liabilities	`Liabilities`	$628.59K	USD	Point-in-time
Common stock, $0.01 par value, 25,000,000 shares authorized of which 1,487,644 shares are issued and 742,108 shares are outstanding	`CommonStockValue`	$14.88K	USD	Point-in-time
Common stock, $0.01 par value, 25,000,000 shares authorized of which 1,487,644 shares are issued and 742,108 shares are outstanding	`CommonStockValue`	$14.88K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.17M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.17M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.19M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.23M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.17K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.95K	USD	Point-in-time
PreconfirmationStockholdersEquity	`PreconfirmationStockholdersEquity`	$-1.23K	USD	Point-in-time
PreconfirmationStockholdersEquity	`PreconfirmationStockholdersEquity`	$-45.97K	USD	Point-in-time
Less: Treasury Stock, 745,536 shares, at cost	`TreasuryStockValue`	$522.57K	USD	Point-in-time
Less: Treasury Stock, 745,536 shares, at cost	`TreasuryStockValue`	$522.57K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityBeforeTreasuryStock`	$-568.54K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityBeforeTreasuryStock`	$-523.81K	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$104.00K	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$104.78K	USD	Point-in-time

Income Statement 47 line items

Line Item	Tag	Value	Unit	Period
Professional fees	`ProfessionalFees`	$15.31K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$6.62K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$11.92K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$17.35K	USD	2 Qtrs
State filing fee	`GeneralAndAdministrativeExpense`	$139.00	USD	2 Qtrs
State filing fee	`GeneralAndAdministrativeExpense`	$1.72K	USD	2 Qtrs
State filing fee	`GeneralAndAdministrativeExpense`	$1.72K	USD	1 Quarter
Miscellaneous expenses	`OtherCostAndExpenseOperating`	$40.00	USD	1 Quarter
Miscellaneous expenses	`OtherCostAndExpenseOperating`	$60.00	USD	2 Qtrs
Miscellaneous expenses	`OtherCostAndExpenseOperating`	$155.00	USD	2 Qtrs
Miscellaneous expenses	`OtherCostAndExpenseOperating`	$60.00	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$19.13K	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$6.66K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$12.21K	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$17.09K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-19.13K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-12.21K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-6.66K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-17.09K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-20.25K	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-10.35K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-11.34K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-22.48K	USD	2 Qtrs
Net (loss)	`NetIncomeLoss`	$-41.62K	USD	2 Qtrs
Net (loss)	`NetIncomeLoss`	$-28.43K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-32.46K	USD	2 Qtrs
Net (loss)	`NetIncomeLoss`	$-17.00K	USD	1 Quarter
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$93.86K	USD	2 Qtrs
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-2.34K	USD	1 Quarter
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$109.20K	USD	1 Quarter
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-3.12K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-41.62K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-28.43K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-32.46K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-17.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$92.19K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$61.40K	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-30.77K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-44.73K	USD	2 Qtrs
Net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	2 Qtrs
Net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	2 Qtrs
Net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Weighted average shares (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	742,108.00	shares	1 Quarter
Weighted average shares (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	742,108.00	shares	2 Qtrs
Weighted average shares (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	742,108.00	shares	2 Qtrs
Weighted average shares (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	742,108.00	shares	1 Quarter

Cash Flow Statement 24 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-41.62K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-28.43K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-32.46K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-17.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayable`	$6.12K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayable`	$8.96K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-32.66K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-26.34K	USD	2 Qtrs
Note payable to related party	`ProceedsFromRelatedPartyDebt`	$27.50K	USD	2 Qtrs
Note payable to related party	`ProceedsFromRelatedPartyDebt`	$35.00K	USD	2 Qtrs
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$35.00K	USD	2 Qtrs
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$27.50K	USD	2 Qtrs
Net increase (decrease) in cash	`ProceedsFromRepaymentsOfBankOverdrafts`	$2.34K	USD	2 Qtrs
Net increase (decrease) in cash	`ProceedsFromRepaymentsOfBankOverdrafts`	$1.16K	USD	2 Qtrs
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.91K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.93K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.77K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.57K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.91K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.93K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.77K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.57K	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$13.53K	USD	2 Qtrs
Cash paid during the period for interest	`InterestPaid`	$13.53K	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.