10-Q Filing

IRONSTONE PROPERTIES, INC. CIK: 723269 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001437749-13-014547`
Period End Date	20130930
Filing Date	20131113
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	irns-20130930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 50 Cash Flow Statement 39

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`	$3.38K	USD	Point-in-time
Cash	`Cash`	$4.41K	USD	Point-in-time
Preferred stock, issued shares (in Dollars)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$904.00	USD	Point-in-time
Preferred stock, issued shares (in Dollars)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$5.15K	USD	Point-in-time
Preferred stock, outstanding shares (in Dollars)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Marketable securities available for sale, at fair value	`AvailableForSaleSecurities`	$8.97K	USD	Point-in-time
Marketable securities available for sale, at fair value	`AvailableForSaleSecurities`	$8.58K	USD	Point-in-time
Preferred stock, outstanding shares (in Dollars)	`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`	$0.70	USD	Point-in-time
Common stock, par value, (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	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 are issued	`CommonStockSharesIssued`	2.62M	shares	Point-in-time
Common stock, shares are issued	`CommonStockSharesIssued`	2.62M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	1.87M	shares	Point-in-time
Common stock, 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`	$111.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$38.59K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$51.46K	USD	Point-in-time
Total liabilities	`LiabilitiesCurrent`	$512.46K	USD	Point-in-time
Total liabilities	`LiabilitiesCurrent`	$447.58K	USD	Point-in-time
Note payable	`LongTermNotesPayable`	$1.01M	USD	Point-in-time
Note payable	`LongTermNotesPayable`	$1.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.46M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.59M	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`	$21.56M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.55M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.41M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-9.62K	USD	Point-in-time
StockholdersEquityBeforeTreasuryStock	`StockholdersEquityBeforeTreasuryStock`	$160.50K	USD	Point-in-time
StockholdersEquityBeforeTreasuryStock	`StockholdersEquityBeforeTreasuryStock`	$33.80K	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`	$-488.77K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-362.08K	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 50 line items

Line Item	Tag	Value	Unit	Period
Professional fees	`ProfessionalFees`	$34.10K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$13.80K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$8.74K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$25.99K	USD	3 Qtrs
State filing fee	`OtherGeneralExpense`	$7.00K	USD	3 Qtrs
State filing fee	`OtherGeneralExpense`	$2.40K	USD	3 Qtrs
Amortization	`AmortizationOfDebtDiscountPremium`	$4.17K	USD	3 Qtrs
Amortization	`AmortizationOfDebtDiscountPremium`	$1.39K	USD	1 Quarter
Amortization	`AmortizationOfDebtDiscountPremium`	$5.62K	USD	3 Qtrs
Amortization	`AmortizationOfDebtDiscountPremium`	$2.81K	USD	1 Quarter
General and administrative expenses	`OtherCostAndExpenseOperating`	$590.00	USD	1 Quarter
General and administrative expenses	`OtherCostAndExpenseOperating`	$5.43K	USD	3 Qtrs
General and administrative expenses	`OtherCostAndExpenseOperating`	$914.00	USD	3 Qtrs
General and administrative expenses	`OtherCostAndExpenseOperating`	$1.36K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$12.14K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$50.71K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$16.55K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$34.92K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-34.92K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-16.55K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-12.14K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-50.71K	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-34.14K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-90.25K	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-31.36K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-67.23K	USD	3 Qtrs
Net (loss)	`NetIncomeLoss`	$-102.15K	USD	3 Qtrs
Net (loss)	`NetIncomeLoss`	$-46.28K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-47.91K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-140.95K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-102.15K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-46.28K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-47.91K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-140.95K	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`	$43.81K	USD	3 Qtrs
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$9.62K	USD	3 Qtrs
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.17K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-131.34K	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-43.95K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-58.34K	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-46.74K	USD	1 Quarter
Net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	3 Qtrs
Net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	3 Qtrs
Net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Weighted average shares (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.62M	shares	1 Quarter
Weighted average shares (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.62M	shares	3 Qtrs
Weighted average shares (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.31M	shares	3 Qtrs
Weighted average shares (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.87M	shares	1 Quarter

Cash Flow Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-102.15K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-46.28K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-47.91K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-140.95K	USD	3 Qtrs
Discount amortization	`AmortizationOfDebtDiscountPremium`	$4.17K	USD	3 Qtrs
Discount amortization	`AmortizationOfDebtDiscountPremium`	$1.39K	USD	1 Quarter
Discount amortization	`AmortizationOfDebtDiscountPremium`	$5.62K	USD	3 Qtrs
Discount amortization	`AmortizationOfDebtDiscountPremium`	$2.81K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.64K	USD	3 Qtrs
Accounts payable and Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$46.79K	USD	3 Qtrs
Accounts payable and Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$77.67K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-54.47K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-49.74K	USD	3 Qtrs
CASH FLOWS FROM INVESTING ACTIVITIES:	`NetCashProvidedByUsedInInvestingActivities`	$-1.00M	USD	3 Qtrs
Purchased Non Marketable TangoMe, Inc	`PaymentsToAcquireInvestments`	$1.00M	USD	3 Qtrs
Note payable to related party	`ProceedsFromRelatedPartyDebt`	$5.10K	USD	Point-in-time
Note payable to related party	`ProceedsFromRelatedPartyDebt`	$5.20K	USD	Point-in-time
Note payable to related party	`ProceedsFromRelatedPartyDebt`	$5.00K	USD	Point-in-time
Note payable to related party	`ProceedsFromRelatedPartyDebt`	$5.10K	USD	Point-in-time
Note payable to related party	`ProceedsFromRelatedPartyDebt`	$5.00K	USD	Point-in-time
Note payable to related party	`ProceedsFromRelatedPartyDebt`	$4.60K	USD	Point-in-time
Note payable to related party	`ProceedsFromRelatedPartyDebt`	$52.00K	USD	3 Qtrs
Note payable to related party	`ProceedsFromRelatedPartyDebt`	$49.00K	USD	3 Qtrs
Note payable to related party	`ProceedsFromRelatedPartyDebt`	$5.00K	USD	Point-in-time
Note payable	`ProceedsFromNotesPayable`	$1.00M	USD	3 Qtrs
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.05M	USD	3 Qtrs
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$52.00K	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-740.00	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.47K	USD	3 Qtrs
Cash at beginning of period	`Cash`	$3.38K	USD	Point-in-time
Cash at beginning of period	`Cash`	$4.41K	USD	Point-in-time
Cash at beginning of period	`Cash`	$904.00	USD	Point-in-time
Cash at beginning 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`	$4.41K	USD	Point-in-time
Cash at end of period	`Cash`	$904.00	USD	Point-in-time
Cash at end of period	`Cash`	$5.15K	USD	Point-in-time
Supplemental disclosure of cash flow information	`InterestPaidNet`	$20.44K	USD	3 Qtrs
Supplemental disclosure of cash flow information	`InterestPaidNet`	$20.36K	USD	3 Qtrs

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