10-Q Filing

IRONSTONE PROPERTIES, INC. CIK: 723269 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001437749-14-015463`
Period End Date	20140630
Filing Date	20140814
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	irns-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 56 Cash Flow Statement 36

Balance Sheet 58 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
Cash	`Cash`	$1.54K	USD	Point-in-time
Cash	`Cash`	$242.44K	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`	$76.60K	USD	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Non-marketable securities	`InvestmentOwnedAtFairValue`	$2.00M	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
Non-marketable securities	`InvestmentOwnedAtFairValue`	$2.10M	USD	Point-in-time
Total assets	`Assets`	$3.20M	USD	Point-in-time
Total assets	`Assets`	$2.57M	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`	2.75M	shares	Point-in-time
Common stock, shares are issued	`CommonStockSharesIssued`	2.62M	shares	Point-in-time
Line of credit borrowings	`LineOfCredit`	$350.00K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	2.62M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	2.75M	shares	Point-in-time
Line of credit borrowings	`LineOfCredit`	$350.00K	USD	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	745,536.00	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$15.36K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$17.89K	USD	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	745,536.00	shares	Point-in-time
Advances for future stock issuance	`AdvancesForFutureStockIssuance`	$1.00	USD	Point-in-time
Advances for future stock issuance	`AdvancesForFutureStockIssuance`	$230.00K	USD	Point-in-time
Note payable, net of discount	`NotesPayable`	$1.15M	USD	Point-in-time
Note payable, net of discount	`NotesPayable`	$1.10M	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	$182.00K	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	$182.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.89M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.72M	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; 2,749,929 shares are issued and outstanding as of June 30, 2014	`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; 2,749,929 shares are issued and outstanding as of June 30, 2014	`CommonStockValue`	$27.50K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.56M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.81M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.71M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.58M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.82M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.25M	USD	Point-in-time
StockholdersEquityBeforeTreasuryStock	`StockholdersEquityBeforeTreasuryStock`	$1.38M	USD	Point-in-time
StockholdersEquityBeforeTreasuryStock	`StockholdersEquityBeforeTreasuryStock`	$1.83M	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
Less: Treasury Stock, 745,536 shares, at cost	`TreasuryStockValue`	$521.88K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$852.67K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.31M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.20M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.57M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Professional fees	`ProfessionalFees`	$20.30K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$26.40K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$38.72K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$17.54K	USD	1 Quarter
State filing fee	`OtherGeneralExpense`	$2.40K	USD	1 Quarter
State filing fee	`OtherGeneralExpense`	$5.24K	USD	1 Quarter
State filing fee	`OtherGeneralExpense`	$8.24K	USD	2 Qtrs
State filing fee	`OtherGeneralExpense`	$7.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$6.47K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.87K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$15.06K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$774.00	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$110.00	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$35.00	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$35.00	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$200.00	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$31.38K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$38.14K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$20.82K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$62.05K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-62.05K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-20.82K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-31.38K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-38.14K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-29.77K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-64.92K	USD	2 Qtrs
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-32.79K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-58.78K	USD	2 Qtrs
Interest expense to related party	`InterestExpenseRelatedParty`	$3.52K	USD	1 Quarter
Interest expense to related party	`InterestExpenseRelatedParty`	$7.00K	USD	2 Qtrs
Interest expense to related party	`InterestExpenseRelatedParty`	$2.88K	USD	2 Qtrs
Interest expense to related party	`InterestExpenseRelatedParty`	$1.80K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-74.45K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-93.04K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-133.97K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-52.38K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-74.45K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-93.04K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-133.97K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-52.38K	USD	1 Quarter
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.56K	USD	1 Quarter
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$8.45K	USD	2 Qtrs
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-15.19K	USD	1 Quarter
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-567.44K	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-50.83K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-89.64K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-84.59K	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-701.41K	USD	2 Qtrs
Net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	2 Qtrs
Net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	2 Qtrs
Weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.62M	shares	2 Qtrs
Weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.19M	shares	1 Quarter
Weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.62M	shares	1 Quarter
Weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.19M	shares	2 Qtrs

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-74.45K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-93.04K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-133.97K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-52.38K	USD	1 Quarter
Accretion of discount on notes payable	`AccretionOfDiscount`	$5.59K	USD	2 Qtrs
Accretion of discount on notes payable	`AccretionOfDiscount`	$2.78K	USD	2 Qtrs
Stock-based compensation amortization	`ShareBasedCompensation`	$6.47K	USD	1 Quarter
Stock-based compensation amortization	`ShareBasedCompensation`	$3.87K	USD	2 Qtrs
Stock-based compensation amortization	`ShareBasedCompensation`	$15.06K	USD	2 Qtrs
Stock-based compensation amortization	`ShareBasedCompensation`	$774.00	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-2.54K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$39.98K	USD	2 Qtrs
Interest payable - related party	`IncreaseDecreaseInInterestPayableNet`	$7.00K	USD	2 Qtrs
Interest payable - related party	`IncreaseDecreaseInInterestPayableNet`	$2.88K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-43.53K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-108.87K	USD	2 Qtrs
Purchase of non-marketable securities	`PaymentsToAcquireOtherInvestments`	$103.01K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-103.01K	USD	2 Qtrs
Pay-in-kind interest added to principal	`PaidInKindInterest`	$46.03K	USD	2 Qtrs
Note payable to related party	`ProceedsFromRelatedPartyDebt`	$41.70K	USD	2 Qtrs
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$41.70K	USD	2 Qtrs
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$46.03K	USD	2 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.83K	USD	2 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-165.84K	USD	2 Qtrs
Cash at beginning of period	`Cash`	$1.54K	USD	Point-in-time
Cash at beginning of period	`Cash`	$242.44K	USD	Point-in-time
Cash at beginning of period	`Cash`	$3.38K	USD	Point-in-time
Cash at beginning of period	`Cash`	$76.60K	USD	Point-in-time
Cash at end of period	`Cash`	$1.54K	USD	Point-in-time
Cash at end of period	`Cash`	$242.44K	USD	Point-in-time
Cash at end of period	`Cash`	$3.38K	USD	Point-in-time
Cash at end of period	`Cash`	$76.60K	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$13.53K	USD	2 Qtrs
Cash paid during the period for interest	`InterestPaid`	$13.53K	USD	2 Qtrs
Net unrealized loss on marketable and non-marketable investments, net of tax	`UnrealizedGainLossOnInvestments`	$-464.43K	USD	2 Qtrs
Conversion of advance to common stock	`DebtConversionConvertedInstrumentAmount1`	$230.00K	USD	2 Qtrs

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