10-K Filing

IRONSTONE PROPERTIES, INC. CIK: 723269 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001437749-12-002859`
Period End Date	20111231
Filing Date	20120328
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	irns-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 24 Cash Flow Statement 22 Stockholders Equity 10

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`Cash`	$1.57K	USD	Point-in-time
Cash	`Cash`	$5.15K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Marketable securities available for sale, at fair value	`AvailableForSaleSecuritiesCurrent`	$10.92K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Marketable securities available for sale, at fair value	`AvailableForSaleSecuritiesCurrent`	$7.80K	USD	Point-in-time
Salon Media Group, Inc. common stock, at fair value	`AvailableForSaleSecurities`	$4.00K	USD	Point-in-time
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
Salon Media Group, Inc. common stock, at fair value	`AvailableForSaleSecurities`	$8.00K	USD	Point-in-time
Salon Media Group, Inc. Series C Preferred, at fair value	`InvestmentOwnedAtFairValue`	$42.15K	USD	Point-in-time
Salon Media Group, Inc. Series C Preferred, at fair value	`InvestmentOwnedAtFairValue`	$84.30K	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
Common stock, shares issued	`CommonStockSharesIssued`	1.49M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.49M	shares	Point-in-time
Total assets	`Assets`	$104.78K	USD	Point-in-time
Total assets	`Assets`	$59.10K	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
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
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`	$279.50K	USD	Point-in-time
Note payable to related party	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	$214.50K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$64.09K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$83.43K	USD	Point-in-time
Total liabilities	`Liabilities`	$628.59K	USD	Point-in-time
Total liabilities	`Liabilities`	$712.93K	USD	Point-in-time
Preferred stock, $0.01 par value, 5,000,000 shares authorized of which there are no issued and outstanding shares	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 5,000,000 shares authorized of which there are no issued and outstanding shares	`PreferredStockValue`	-	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`	$-21.27M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-47.32K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.95K	USD	Point-in-time
StockholdersEquityBeforeTreasuryStock	`StockholdersEquityBeforeTreasuryStock`	$-1.23K	USD	Point-in-time
StockholdersEquityBeforeTreasuryStock	`StockholdersEquityBeforeTreasuryStock`	$-131.26K	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 stockholders' equity	`StockholdersEquity`	$-451.17K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-523.81K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-653.83K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$104.78K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$59.10K	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Legal and other professional fees	`ProfessionalFees`	$31.57K	USD	Annual
Legal and other professional fees	`ProfessionalFees`	$25.18K	USD	Annual
State filing fee	`GeneralAndAdministrativeExpense`	$3.97K	USD	Annual
State filing fee	`GeneralAndAdministrativeExpense`	$2.04K	USD	Annual
Miscellaneous expenses	`OtherCostAndExpenseOperating`	$830.00	USD	Annual
Miscellaneous expenses	`OtherCostAndExpenseOperating`	$680.00	USD	Annual
Total operating expenses	`CostsAndExpenses`	$29.98K	USD	Annual
Total operating expenses	`CostsAndExpenses`	$34.29K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-29.98K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-34.29K	USD	Annual
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-46.47K	USD	Annual
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-41.88K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-80.76K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-71.85K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-80.76K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-71.85K	USD	Annual
Unrealized holding (loss) arising during the year	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-49.27K	USD	Annual
Unrealized holding (loss) arising during the year	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-780.00	USD	Annual
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-130.03K	USD	Annual
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-72.63K	USD	Annual
Net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	Annual
Net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.10	USD	Annual
Weighted average shares (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	742,108.00	shares	Annual
Weighted average shares (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	742,108.00	shares	Annual

Cash Flow Statement 22 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$-80.76K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-71.85K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$14.15K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$19.34K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-61.41K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-57.70K	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	-	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	-	USD	Annual
Note payable to related party	`ProceedsFromRelatedPartyDebt`	$51.50K	USD	Annual
Note payable to related party	`ProceedsFromRelatedPartyDebt`	$65.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$51.50K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$65.00K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.59K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.20K	USD	Annual
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$5.15K	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.57K	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$7.77K	USD	Point-in-time
Cash at end of year	`CashAndCashEquivalentsAtCarryingValue`	$5.15K	USD	Point-in-time
Cash at end of year	`CashAndCashEquivalentsAtCarryingValue`	$1.57K	USD	Point-in-time
Cash at end of year	`CashAndCashEquivalentsAtCarryingValue`	$7.77K	USD	Point-in-time
Cash paid during the year for interest	`InterestPaid`	$27.12K	USD	Annual
Cash paid during the year for interest	`InterestPaid`	$27.20K	USD	Annual

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balances	`StockholdersEquity`	$-451.17K	USD	Point-in-time
Balances	`StockholdersEquity`	$-523.81K	USD	Point-in-time
Balances	`StockholdersEquity`	$-653.83K	USD	Point-in-time
Unrealized Loss	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-49.27K	USD	Annual
Unrealized Loss	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-780.00	USD	Annual
Net (loss)	`NetIncomeLoss`	$-80.76K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-71.85K	USD	Annual
Balances	`StockholdersEquity`	$-451.17K	USD	Point-in-time
Balances	`StockholdersEquity`	$-523.81K	USD	Point-in-time
Balances	`StockholdersEquity`	$-653.83K	USD	Point-in-time

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