10-Q Filing

IRONSTONE PROPERTIES, INC. CIK: 723269 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001437749-13-005661`
Period End Date	20130331
Filing Date	20130509
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	irns-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 24 Cash Flow Statement 28

Balance Sheet 56 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`	$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
Cash	`Cash`	$3.38K	USD	Point-in-time
Cash	`Cash`	$2.58K	USD	Point-in-time
Cash	`Cash`	$1.82K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Marketable securities available for sale, at fair value	`AvailableForSaleSecuritiesFairValueDisclosure`	$6.24K	USD	Point-in-time
Marketable securities available for sale, at fair value	`AvailableForSaleSecuritiesFairValueDisclosure`	$8.58K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	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, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.70	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`	2.62M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.62M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.87M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.87M	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`	$59.00K	USD	Point-in-time
Note payable to related party	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	$69.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$38.59K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$43.02K	USD	Point-in-time
Total liabilities	`LiabilitiesCurrent`	$447.58K	USD	Point-in-time
Total liabilities	`LiabilitiesCurrent`	$462.02K	USD	Point-in-time
Note payable	`LongTermNotesPayable`	$1.03M	USD	Point-in-time
Note payable	`LongTermNotesPayable`	$1.01M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.49M	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, 2,618,500 shares are issued and 1,872,964 are outstanding	`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	`CommonStockValue`	$26.19K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.55M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.55M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.45M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.41M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-9.62K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.73K	USD	Point-in-time
StockholdersEquityBeforeTreasuryStock	`StockholdersEquityBeforeTreasuryStock`	$129.82K	USD	Point-in-time
StockholdersEquityBeforeTreasuryStock	`StockholdersEquityBeforeTreasuryStock`	$160.50K	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' equity	`StockholdersEquity`	$-362.08K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-392.75K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.10M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.10M	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Professional fees	`ProfessionalFees`	$2.77K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$1.31K	USD	1 Quarter
State filing fee	`OtherGeneralExpense`	$4.60K	USD	1 Quarter
Amortization	`AmortizationOfDebtDiscountPremium`	$1.39K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$90.00	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$264.00	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.57K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$8.85K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-8.85K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.57K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-12.18K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-28.71K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-37.56K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-13.76K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-37.56K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-13.76K	USD	1 Quarter
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$45.37K	USD	1 Quarter
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$6.89K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$31.61K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-30.67K	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`	$-0.01	USD	1 Quarter
Weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.50M	shares	1 Quarter
Weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.62M	shares	1 Quarter

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-37.56K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-13.76K	USD	1 Quarter
Discount amortization	`AmortizationOfDebtDiscountPremium`	$1.39K	USD	1 Quarter
Accounts payable and Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$5.42K	USD	1 Quarter
Accounts payable and Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$25.38K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.33K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.79K	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	Point-in-time
Note payable to related party	`ProceedsFromRelatedPartyDebt`	$10.00K	USD	1 Quarter
Note payable to related party	`ProceedsFromRelatedPartyDebt`	$5.00K	USD	1 Quarter
Note payable to related party	`ProceedsFromRelatedPartyDebt`	$5.00K	USD	Point-in-time
Note payable	`ProceedsFromNotesPayable`	$1.00M	USD	1 Quarter
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.00M	USD	1 Quarter
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.00K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-793.00	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.33K	USD	1 Quarter
Cash at beginning of period	`Cash`	$5.15K	USD	Point-in-time
Cash at beginning of period	`Cash`	$3.38K	USD	Point-in-time
Cash at beginning of period	`Cash`	$2.58K	USD	Point-in-time
Cash at beginning of period	`Cash`	$1.82K	USD	Point-in-time
Cash at end of period	`Cash`	$5.15K	USD	Point-in-time
Cash at end of period	`Cash`	$3.38K	USD	Point-in-time
Cash at end of period	`Cash`	$2.58K	USD	Point-in-time
Cash at end of period	`Cash`	$1.82K	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

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