10-Q Filing

IRONSTONE PROPERTIES, INC. CIK: 723269 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001437749-12-011968`
Period End Date	20120930
Filing Date	20121119
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	irns-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 56 Cash Flow Statement 33

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Note payable discount (in Dollars)	`DebtInstrumentUnamortizedDiscount`	$50.57K	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
Preferred stock, shares authorized (in Shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`Cash`	$5.15K	USD	Point-in-time
Preferred stock, shares authorized (in Shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`Cash`	$4.41K	USD	Point-in-time
Marketable securities available for sale, at fair value	`AvailableForSaleSecuritiesCurrent`	$1.01M	USD	Point-in-time
Marketable securities available for sale, at fair value	`AvailableForSaleSecuritiesCurrent`	$7.80K	USD	Point-in-time
Preferred stock, shares issued (in Shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in Shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Salon Media Group, Inc. common stock, at fair value	`AvailableForSaleSecurities`	$8.00K	USD	Point-in-time
Preferred stock, shares outstanding (in Shares)	`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 (in Shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Salon Media Group, Inc. Series C Preferred, at fair value	`InvestmentOwnedAtFairValue`	$84.30K	USD	Point-in-time
Salon Media Group, Inc. Series C Preferred, at fair value	`InvestmentOwnedAtFairValue`	$42.15K	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`	$0.70	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total assets	`Assets`	$59.10K	USD	Point-in-time
Common stock, shares authorized (in Shares)	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Common stock, shares authorized (in Shares)	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Total assets	`Assets`	$1.10M	USD	Point-in-time
Common stock, shares issued (in Shares)	`CommonStockSharesIssued`	2.62M	shares	Point-in-time
Common stock, shares issued (in Shares)	`CommonStockSharesIssued`	1.49M	shares	Point-in-time
Common stock, shares outstanding (in Shares)	`CommonStockSharesOutstanding`	742,108.00	shares	Point-in-time
Common stock, shares outstanding (in Shares)	`CommonStockSharesOutstanding`	1.87M	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
Less: Treasury Stock, Number of Shares (in Shares)	`TreasuryStockShares`	745,536.00	shares	Point-in-time
Less: Treasury Stock, Number of Shares (in Shares)	`TreasuryStockShares`	745,536.00	shares	Point-in-time
Note payable to related party	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	$44.00K	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`	$34.95K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$712.93K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$428.95K	USD	Point-in-time
Note payable net of discount of $50,569	`LongTermNotesPayable`	$989.94K	USD	Point-in-time
Total liabilities	`Liabilities`	$712.93K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.42M	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 September 30, 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 September 30, 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`	$21.17M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.55M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.27M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.37M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-47.32K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.51K	USD	Point-in-time
StockholdersEquityBeforeTreasuryStock	`StockholdersEquityBeforeTreasuryStock`	$205.85K	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`	$521.88K	USD	Point-in-time
Less: Treasury Stock, 745,536 shares, at cost	`TreasuryStockValue`	$522.57K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-316.73K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-653.83K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$59.10K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.10M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Professional fees	`ProfessionalFees`	$8.74K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$25.99K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$5.67K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$23.02K	USD	3 Qtrs
State filing fee	`OtherGeneralExpense`	$2.40K	USD	3 Qtrs
State filing fee	`OtherGeneralExpense`	$2.04K	USD	3 Qtrs
State filing fee	`OtherGeneralExpense`	$313.00	USD	1 Quarter
Amortization	`AmortizationOfDebtDiscountPremium`	$2.81K	USD	1 Quarter
Amortization	`AmortizationOfDebtDiscountPremium`	$5.62K	USD	3 Qtrs
General & administrative expenses	`GeneralAndAdministrativeExpense`	$914.00	USD	3 Qtrs
General & administrative expenses	`GeneralAndAdministrativeExpense`	$620.00	USD	3 Qtrs
General & administrative expenses	`GeneralAndAdministrativeExpense`	$560.00	USD	1 Quarter
General & administrative expenses	`GeneralAndAdministrativeExpense`	$590.00	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$34.92K	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$6.54K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$12.14K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$25.67K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-25.67K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-12.14K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-6.54K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-34.92K	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-11.89K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-34.38K	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-67.23K	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-34.14K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-46.28K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-102.15K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-18.43K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-60.05K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-46.28K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-102.15K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-18.43K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-60.05K	USD	3 Qtrs
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$43.81K	USD	3 Qtrs
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$2.34K	USD	1 Quarter
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-3.12K	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-43.95K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-63.17K	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-58.34K	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-18.43K	USD	1 Quarter
Basic loss per share: (in Dollars per share)	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Basic loss per share: (in Dollars per share)	`EarningsPerShareBasic`	$-0.08	USD	3 Qtrs
Basic loss per share: (in Dollars per share)	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Basic loss per share: (in Dollars per share)	`EarningsPerShareBasic`	$-0.07	USD	3 Qtrs
Diluted loss per share (in Dollars per share)	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Diluted loss per share (in Dollars per share)	`EarningsPerShareDiluted`	$-0.06	USD	3 Qtrs
Diluted loss per share (in Dollars per share)	`EarningsPerShareDiluted`	$-0.08	USD	3 Qtrs
Diluted loss per share (in Dollars per share)	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	742,108.00	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.50M	shares	3 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.87M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	742,108.00	shares	3 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.63M	shares	3 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	742,108.00	shares	3 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.06M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	742,108.00	shares	1 Quarter

Cash Flow Statement 33 line items

Line Item	Tag	Value	Unit	Period
Issuance Of Common Stock For Note Payable (in Dollars)	`StockIssuedDuringPeriodValueIssuedForServices`	$284.50K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-46.28K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-102.15K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-18.43K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-60.05K	USD	3 Qtrs
Accrued Interest To Related Party (in Dollars)	`InterestPayableCurrentAndNoncurrent`	$54.76K	USD	Point-in-time
Discount amortization	`AmortizationOfDebtDiscountPremium`	$2.81K	USD	1 Quarter
Discount amortization	`AmortizationOfDebtDiscountPremium`	$5.62K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayable`	$46.79K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayable`	$14.01K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-49.74K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-46.03K	USD	3 Qtrs
Purchased Non Marketable TangoMe, Inc	`PaymentsToAcquireInvestments`	$1.00M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.00M	USD	3 Qtrs
Note payable to related party	`ProceedsFromRelatedPartyDebt`	$50.00K	USD	3 Qtrs
Note payable to related party	`ProceedsFromRelatedPartyDebt`	$49.00K	USD	3 Qtrs
Note payable	`ProceedsFromNotesPayable`	$1.00M	USD	3 Qtrs
Note payable	`ProceedsFromNotesPayable`	$1.00M	USD	1 Quarter
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.05M	USD	3 Qtrs
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$50.00K	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-740.00	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.96K	USD	3 Qtrs
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.57K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.41K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.53K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.15K	USD	Point-in-time
CashAndCashEquivalentsAtCarryingValue	`CashAndCashEquivalentsAtCarryingValue`	$1.57K	USD	Point-in-time
CashAndCashEquivalentsAtCarryingValue	`CashAndCashEquivalentsAtCarryingValue`	$4.41K	USD	Point-in-time
CashAndCashEquivalentsAtCarryingValue	`CashAndCashEquivalentsAtCarryingValue`	$5.53K	USD	Point-in-time
CashAndCashEquivalentsAtCarryingValue	`CashAndCashEquivalentsAtCarryingValue`	$5.15K	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$20.44K	USD	3 Qtrs
Cash paid during the period for interest	`InterestPaid`	$20.36K	USD	3 Qtrs
Issuance of common stock for note payable( $284,500) and and accrued interest ($54,757) to related party.	`DebtConversionOriginalDebtAmount1`	$339.26K	USD	3 Qtrs

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