10-Q Filing

IRONSTONE PROPERTIES, INC. CIK: 723269 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001437749-12-005306`
Period End Date	20120331
Filing Date	20120521
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	irns-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 21 Cash Flow Statement 30

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Note payable discount (in Dollars)	`DebtInstrumentUnamortizedDiscount`	-	USD	Point-in-time
Note payable discount (in Dollars)	`DebtInstrumentUnamortizedDiscount`	$56.19K	USD	Point-in-time
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
Cash	`Cash`	$5.15K	USD	Point-in-time
Cash	`Cash`	$1.82K	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
Marketable securities, available for sale, at fair value	`AvailableForSaleSecuritiesCurrent`	$7.80K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Marketable securities, available for sale, at fair value	`AvailableForSaleSecuritiesCurrent`	$1.01M	USD	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
Salon Media Group, Inc. common stock, at fair value	`AvailableForSaleSecurities`	$4.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Salon Media Group, Inc. common stock, at fair value	`AvailableForSaleSecurities`	$8.00K	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. 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
Total assets	`Assets`	$59.10K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Total assets	`Assets`	$1.10M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.49M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.62M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	742,108.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.87M	shares	Point-in-time
Line of credit borrowings	`LinesOfCreditCurrent`	$350.00K	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
Line of credit borrowings	`LinesOfCreditCurrent`	$350.00K	USD	Point-in-time
Note payable to related party	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	$279.50K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$83.43K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$34.10K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$712.93K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$384.10K	USD	Point-in-time
Note payable net of discount of $56,188	`LongTermNotesPayable`	$943.81K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.33M	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, 2,618,500 shares are issued and 1,872,964 are outstanding on March 31, 2012; 1,487,644 shares are issued and 742,108 shares are outstanding on December 31, 2011	`CommonStockValue`	$26.19K	USD	Point-in-time
Common stock, $0.01 par value, 25,000,000 shares authorized, 2,618,500 shares are issued and 1,872,964 are outstanding on March 31, 2012; 1,487,644 shares are issued and 742,108 shares are outstanding on December 31, 2011	`CommonStockValue`	$14.88K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.55M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.17M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.27M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.28M	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`	$295.80K	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`	$-226.77K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-653.83K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.10M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$59.10K	USD	Point-in-time

Income Statement 21 line items

Line Item	Tag	Value	Unit	Period
Professional fees	`ProfessionalFees`	$1.31K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$2.04K	USD	1 Quarter
Miscellaneous expenses	`OtherCostAndExpenseOperating`	$264.00	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$2.04K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$1.57K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.04K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.57K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-11.14K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-12.18K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-13.76K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-13.18K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-13.76K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-13.18K	USD	1 Quarter
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-780.00	USD	1 Quarter
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$45.37K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-13.96K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$31.61K	USD	1 Quarter
Net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.50M	shares	1 Quarter
Weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	742,108.00	shares	1 Quarter

Cash Flow Statement 30 line items

Line Item	Tag	Value	Unit	Period
Note payable to related party	`NotesPayableRelatedPartiesNoncurrent`	$-284.50K	USD	Point-in-time
Note payable to related party	`NotesPayableRelatedPartiesNoncurrent`	-	USD	Point-in-time
Accrued interest to related party	`InterestPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-13.76K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-13.18K	USD	1 Quarter
Accrued interest to related party	`InterestPayableCurrentAndNoncurrent`	$-54.76K	USD	Point-in-time
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.42K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.46K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.33K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.73K	USD	1 Quarter
Purchased Non Marketable TangoMe, Inc	`PaymentsToAcquireInvestments`	$1.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.00M	USD	1 Quarter
Note payable to related party	`ProceedsFromRelatedPartyDebt`	$5.00K	USD	1 Quarter
Note payable to related party	`ProceedsFromRelatedPartyDebt`	$20.00K	USD	1 Quarter
Note payable	`ProceedsFromNotesPayable`	$1.00M	USD	1 Quarter
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$20.00K	USD	1 Quarter
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.00M	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$11.27K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.33K	USD	1 Quarter
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.84K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.15K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.82K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.57K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.84K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.15K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.82K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.57K	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$6.69K	USD	1 Quarter
Cash paid during the period for interest	`InterestPaid`	$6.76K	USD	1 Quarter
Issuance of common stock for note payable ($284,500) and and accrued interest ($54,757) to related party	`DebtConversionOriginalDebtAmount1`	$339.26K	USD	1 Quarter

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