10-K Filing

IRONSTONE PROPERTIES, INC. CIK: 723269 FY 2013

Filing Information

Form Type	10-K
Accession Number	`0001437749-14-006618`
Period End Date	20131231
Filing Date	20140415
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	irns-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 30 Cash Flow Statement 37 Stockholders Equity 14

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Note payable discount (in Dollars)	`DebtInstrumentUnamortizedDiscount`	$46.41K	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`	$242.44K	USD	Point-in-time
Cash	`Cash`	$3.38K	USD	Point-in-time
Cash	`Cash`	$5.15K	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	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
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`	$0.70	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Line of credit borrowings	`LineOfCreditFacilityAmountOutstanding`	$350.00K	USD	Point-in-time
Line of credit borrowings	`LineOfCreditFacilityAmountOutstanding`	$350.00K	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
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$36.60K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$17.89K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.62M	shares	Point-in-time
Interst payable - related party	`InterestPayableCurrentAndNoncurrent`	$-54.76K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.62M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.62M	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
Advances for future stock issuance	`AdvancesForFutureStockIssuance`	$230.00K	USD	Point-in-time
Note payable, net of discount of $46,414	`NotesPayable`	$1.01M	USD	Point-in-time
Note payable, net of discount of $46,414	`NotesPayable`	$1.10M	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	$182.00K	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	$59.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.46M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.89M	USD	Point-in-time
Preferred stock,$0.01 par value, 5,000,000 shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock,$0.01 par value, 5,000,000 shares authorized; no shares issued and outstanding	`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 outstanding as of December 31, 2013 and 2012	`CommonStockValue`	$26.18K	USD	Point-in-time
Common stock,$0.01 par value, 25,000,000 shares authorized; of which 2,618,500 shares are issued and outstanding as of December 31, 2013 and 2012	`CommonStockValue`	$26.18K	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`	$-21.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.58M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.82M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-9.62K	USD	Point-in-time
StockholdersEquityBeforeTreasuryStock	`StockholdersEquityBeforeTreasuryStock`	$1.83M	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 (deficit)	`StockholdersEquity`	$1.31M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-362.08K	USD	Point-in-time
Total stockholders' equity (deficit)	`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`	$3.20M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Professional fees	`ProfessionalFees`	$41.41K	USD	Annual
Professional fees	`ProfessionalFees`	$37.39K	USD	Annual
State filing fee	`OtherGeneralExpense`	$21.56K	USD	Annual
State filing fee	`OtherGeneralExpense`	$2.72K	USD	Annual
Amortization	`AmortizationOfDebtDiscountPremium`	$4.21K	USD	Annual
Amortization	`AmortizationOfDebtDiscountPremium`	$5.56K	USD	Annual
Stock-based compensation	`AllocatedShareBasedCompensationExpense`	$10.33K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$964.00	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$974.00	USD	Annual
Other expense	`OtherExpenses`	$-32.84K	USD	Annual
Total operating expenses	`OperatingExpenses`	$45.30K	USD	Annual
Total operating expenses	`OperatingExpenses`	$46.98K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-46.98K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-45.30K	USD	Annual
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-112.64K	USD	Annual
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-94.11K	USD	Annual
Interest expense to related party	`InterestExpenseRelatedParty`	$1.98K	USD	Annual
Interest expense to related party	`InterestExpenseRelatedParty`	$10.12K	USD	Annual
Net loss	`NetIncomeLoss`	$-141.39K	USD	Annual
Net loss	`NetIncomeLoss`	$-169.75K	USD	Annual
Net loss	`NetIncomeLoss`	$-141.39K	USD	Annual
Net loss	`NetIncomeLoss`	$-169.75K	USD	Annual
Unrealized holding gain arising during the year	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.83M	USD	Annual
Unrealized holding gain arising during the year	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$37.70K	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$1.66M	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-103.69K	USD	Annual
Net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	Annual
Net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	Annual
Weighted-average shares used in per share computation (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.59M	shares	Annual
Weighted-average shares used in per share computation (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.87M	shares	Annual

Cash Flow Statement 37 line items

Line Item	Tag	Value	Unit	Period
Supplemental disclosure of noncash financing activities Issuance of common stock for note payable	`StockIssuedDuringPeriodValueIssuedForServices`	$-284.50K	USD	Annual
Supplemental disclosure of noncash financing activities Issuance of common stock for accrued interest to related party.	`InterestPayableCurrentAndNoncurrent`	$-54.76K	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-141.39K	USD	Annual
Net loss	`NetIncomeLoss`	$-169.75K	USD	Annual
Accretion of discount on notes payable	`AccretionOfDiscount`	$5.56K	USD	Annual
Accretion of discount on notes payable	`AccretionOfDiscount`	$4.21K	USD	Annual
Stock-based compensation amortization	`ShareBasedCompensation`	$10.33K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$69.42K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-18.71K	USD	Annual
Interest payable - related party	`IncreaseDecreaseInInterestPayableNet`	$8.14K	USD	Annual
Interest payable - related party	`IncreaseDecreaseInInterestPayableNet`	$1.98K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-164.43K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-65.78K	USD	Annual
Purchase of related party marketable securities, Truett Hurst Inc.	`PaymentsToAcquireMarketableSecurities`	$37.00K	USD	Annual
Purchase of non-marketable securites, TangoMe Inc.	`PaymentsToAcquireInvestments`	$1.00M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-37.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.00M	USD	Annual
Proceeds from issuance of note payable to related party	`ProceedsFromRelatedPartyDebt`	$123.00K	USD	Annual
Proceeds from issuance of note payable to related party	`ProceedsFromRelatedPartyDebt`	$64.00K	USD	Annual
Proceeds from issuance of note payable	`ProceedsFromNotesPayable`	$87.50K	USD	Annual
Proceeds from issuance of note payable	`ProceedsFromNotesPayable`	$1.00M	USD	1 Quarter
Proceeds from issuance of note payable	`ProceedsFromNotesPayable`	$1.00M	USD	Annual
Proceeds for future common stock share purchase	`ProceedsFromIssuanceOfCommonStock`	$230.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$440.50K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.06M	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$239.06K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.78K	USD	Annual
Cash at beginning of year	`Cash`	$242.44K	USD	Point-in-time
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 end of year	`Cash`	$242.44K	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 paid during the year for interest	`InterestPaid`	$27.20K	USD	Annual
Cash paid during the year for interest	`InterestPaid`	$25.86K	USD	Annual
Cash paid during the year for taxes	`IncomeTaxesPaid`	$21.56K	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 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$1.31M	USD	Point-in-time
Balance	`StockholdersEquity`	$-362.08K	USD	Point-in-time
Balance	`StockholdersEquity`	$-653.83K	USD	Point-in-time
Net (loss)	`NetIncomeLoss`	$-141.39K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-169.75K	USD	Annual
Issuance of common stock	`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
Stock-based compensation	`ShareBasedCompensation`	$10.33K	USD	Annual
Unrealized Gain (Loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.83M	USD	Annual
Unrealized Gain (Loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$37.70K	USD	Annual
Balance	`StockholdersEquity`	$1.31M	USD	Point-in-time
Balance	`StockholdersEquity`	$-362.08K	USD	Point-in-time
Balance	`StockholdersEquity`	$-653.83K	USD	Point-in-time

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