10-K Filing

IRONSTONE PROPERTIES, INC. CIK: 723269 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0001437749-13-003519`
Period End Date	20121231
Filing Date	20130327
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	irns-20121231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 25 Cash Flow Statement 28 Stockholders Equity 13

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Note payable discount (in Dollars)	`DebtInstrumentUnamortizedDiscount`	$51.97K	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`	$3.38K	USD	Point-in-time
Cash	`Cash`	$5.15K	USD	Point-in-time
Cash	`Cash`	$1.57K	USD	Point-in-time
Preferred stock, shares authorized (in Shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Marketable securities available for sale, at fair value	`AvailableForSaleSecuritiesFairValueDisclosure`	$7.80K	USD	Point-in-time
Preferred stock, shares issued (in Shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Marketable securities available for sale, at fair value	`AvailableForSaleSecuritiesFairValueDisclosure`	$8.58K	USD	Point-in-time
Preferred stock, shares issued (in Shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in Shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in Shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.30	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
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	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
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
Line of credit borrowings	`LinesOfCreditCurrent`	$350.00K	USD	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
Note payable to related party	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	$279.50K	USD	Point-in-time
Note payable to related party	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	$59.00K	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
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$83.43K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$38.59K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$447.58K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$712.93K	USD	Point-in-time
Note payable net of discount of $51,974	`LongTermNotesPayable`	$1.01M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.46M	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 2,618,500 shares are issued and 1,872,964 shares are outstanding on December 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 of which 2,618,500 shares are issued and 1,872,964 shares are outstanding on December 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`	$21.17M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.55M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.27M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-9.62K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-47.32K	USD	Point-in-time
StockholdersEquityBeforeTreasuryStock	`StockholdersEquityBeforeTreasuryStock`	$-131.26K	USD	Point-in-time
StockholdersEquityBeforeTreasuryStock	`StockholdersEquityBeforeTreasuryStock`	$160.50K	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
Less: Treasury Stock, 745,536 shares, at cost	`TreasuryStockValue`	$522.57K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-523.81K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-362.08K	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 25 line items

Line Item	Tag	Value	Unit	Period
Professional fees	`ProfessionalFees`	$31.57K	USD	Annual
Professional fees	`ProfessionalFees`	$37.39K	USD	Annual
State filing fee	`OtherGeneralExpense`	$2.04K	USD	Annual
State filing fee	`OtherGeneralExpense`	$2.72K	USD	Annual
Amortization	`AmortizationOfDebtDiscountPremium`	$4.21K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$974.00	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$680.00	USD	Annual
Total operating expenses	`OperatingExpenses`	$34.29K	USD	Annual
Total operating expenses	`OperatingExpenses`	$45.30K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-34.29K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-45.30K	USD	Annual
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-96.10K	USD	Annual
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-46.47K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-141.39K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-80.76K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-141.39K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-80.76K	USD	Annual
Unrealized holding gain (loss) arising during the year	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$37.70K	USD	Annual
Unrealized holding gain (loss) arising during the year	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-49.27K	USD	Annual
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-103.69K	USD	Annual
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-130.03K	USD	Annual
Net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	Annual
Net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	Annual
Weighted average shares (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	742,108.00	shares	Annual
Weighted average shares (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.59M	shares	Annual

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Issuance Of Common Stock For Note Payable (in Dollars)	`StockIssuedDuringPeriodValueIssuedForServices`	$284.50K	USD	Annual
Accrued Interest To Related Party (in Dollars)	`InterestPayableCurrentAndNoncurrent`	$54.76K	USD	Point-in-time
Net (loss)	`NetIncomeLoss`	$-141.39K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-80.76K	USD	Annual
Discount amortization	`AmortizationOfDebtDiscountPremium`	$4.21K	USD	Annual
Accounts payable and Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$71.40K	USD	Annual
Accounts payable and Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$19.34K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-61.41K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-65.78K	USD	Annual
Purchased non-marketable -TangoMe Inc	`PaymentsToAcquireInvestments`	$1.00M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.00M	USD	Annual
Note payable to related party	`ProceedsFromRelatedPartyDebt`	$65.00K	USD	Annual
Note payable to related party	`ProceedsFromRelatedPartyDebt`	$64.00K	USD	Annual
Note payable	`ProceedsFromNotesPayable`	$1.00M	USD	Annual
Note payable	`ProceedsFromNotesPayable`	$1.00M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$65.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.06M	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.59K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.78K	USD	Annual
Cash at beginning of year	`Cash`	$3.38K	USD	Point-in-time
Cash at beginning of year	`Cash`	$5.15K	USD	Point-in-time
Cash at beginning of year	`Cash`	$1.57K	USD	Point-in-time
Cash at end of year	`Cash`	$3.38K	USD	Point-in-time
Cash at end of year	`Cash`	$5.15K	USD	Point-in-time
Cash at end of year	`Cash`	$1.57K	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
Issuance of common stock for note payable ($284,500) and accrued interest ($54,757) to related party.	`DebtConversionOriginalDebtAmount1`	$339.26K	USD	Annual

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance as of	`StockholdersEquity`	$-523.81K	USD	Point-in-time
Balance as of	`StockholdersEquity`	$-362.08K	USD	Point-in-time
Balance as of	`StockholdersEquity`	$-653.83K	USD	Point-in-time
Shares issued	`StockIssuedDuringPeriodValueNewIssues`	$339.26K	USD	Annual
Discount on Note Payable	`WarrantsAndRightsOutstanding`	$56.19K	USD	Point-in-time
Discount on Note Payable	`WarrantsAndRightsOutstanding`	$56.19K	USD	Point-in-time
Unrealized Gain (Loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$37.70K	USD	Annual
Unrealized Gain (Loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-49.27K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-141.39K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-80.76K	USD	Annual
Balance as of	`StockholdersEquity`	$-523.81K	USD	Point-in-time
Balance as of	`StockholdersEquity`	$-362.08K	USD	Point-in-time
Balance as of	`StockholdersEquity`	$-653.83K	USD	Point-in-time

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