10-Q Filing

IRONSTONE PROPERTIES, INC. CIK: 723269 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001437749-14-020819`
Period End Date	20140930
Filing Date	20141114
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	irns-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 51 Cash Flow Statement 35

Balance Sheet 57 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
Cash	`Cash`	$904.00	USD	Point-in-time
Cash	`Cash`	$3.38K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`Cash`	$48.18K	USD	Point-in-time
Cash	`Cash`	$242.44K	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
Non-marketable securities	`InvestmentOwnedAtFairValue`	$2.67M	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total Assets	`Assets`	$3.20M	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
Total Assets	`Assets`	$3.57M	USD	Point-in-time
Common stock, shares are issued	`CommonStockSharesIssued`	2.62M	shares	Point-in-time
Common stock, shares are issued	`CommonStockSharesIssued`	2.94M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	2.94M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	2.62M	shares	Point-in-time
Line of credit borrowings	`LineOfCredit`	$350.00K	USD	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`	$17.89K	USD	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	745,536.00	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$9.02K	USD	Point-in-time
Advances for future stock issuance	`AdvancesForFutureStockIssuance`	$230.00K	USD	Point-in-time
Note payable, net of discount	`NotesPayable`	$1.10M	USD	Point-in-time
Note payable, net of discount	`NotesPayable`	$1.18M	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`	$1.74M	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; 2,937,225 shares are issued and outstanding as of September 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; 2,937,225 shares are issued and outstanding as of September 30, 2014	`CommonStockValue`	$29.37K	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`	$-21.78M	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`	$2.29M	USD	Point-in-time
StockholdersEquityBeforeTreasuryStock	`StockholdersEquityBeforeTreasuryStock`	$1.83M	USD	Point-in-time
StockholdersEquityBeforeTreasuryStock	`StockholdersEquityBeforeTreasuryStock`	$2.35M	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`	$1.83M	USD	Point-in-time
Total Stockholders' equity	`StockholdersEquity`	$1.31M	USD	Point-in-time
Total Liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.57M	USD	Point-in-time
Total Liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.20M	USD	Point-in-time

Income Statement 51 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`	$59.27K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$20.55K	USD	1 Quarter
State filing fee	`OtherGeneralExpense`	$-2.97K	USD	1 Quarter
State filing fee	`OtherGeneralExpense`	$7.00K	USD	3 Qtrs
State filing fee	`OtherGeneralExpense`	$5.27K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$6.47K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$21.53K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$774.00	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.64K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$590.00	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$545.00	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$790.00	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$510.00	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$24.56K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$15.16K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$86.62K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$46.54K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-86.62K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-24.56K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-46.54K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-15.16K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-98.76K	USD	3 Qtrs
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-89.30K	USD	3 Qtrs
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-30.64K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-33.86K	USD	1 Quarter
Interest expense to related party	`InterestExpenseRelatedParty`	$3.56K	USD	1 Quarter
Interest expense to related party	`InterestExpenseRelatedParty`	$5.12K	USD	3 Qtrs
Interest expense to related party	`InterestExpenseRelatedParty`	$2.11K	USD	1 Quarter
Interest expense to related party	`InterestExpenseRelatedParty`	$10.55K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-61.98K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-195.93K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-140.95K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-47.91K	USD	1 Quarter
Unrealized holding gain arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.17K	USD	1 Quarter
Unrealized holding gain arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.03M	USD	1 Quarter
Unrealized holding gain arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$466.92K	USD	3 Qtrs
Unrealized holding gain arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$9.62K	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-46.74K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-131.34K	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$972.38K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$270.99K	USD	3 Qtrs
Net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.09	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
Net loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.62M	shares	3 Qtrs
Weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.19M	shares	3 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

Cash Flow Statement 35 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-61.98K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-195.93K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-140.95K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-47.91K	USD	1 Quarter
Accretion of discount on notes payable	`AccretionOfDiscount`	$4.17K	USD	3 Qtrs
Accretion of discount on notes payable	`AccretionOfDiscount`	$8.34K	USD	3 Qtrs
Stock-based compenstion amortization	`ShareBasedCompensation`	$6.47K	USD	1 Quarter
Stock-based compenstion amortization	`ShareBasedCompensation`	$21.53K	USD	3 Qtrs
Stock-based compenstion amortization	`ShareBasedCompensation`	$774.00	USD	1 Quarter
Stock-based compenstion amortization	`ShareBasedCompensation`	$4.64K	USD	3 Qtrs
Pay-in-kind interest added to principal	`PaidInKindInterest`	$70.13K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-8.88K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$72.50K	USD	3 Qtrs
Interest payable - related party	`IncreaseDecreaseInInterestPayableNet`	$5.17K	USD	3 Qtrs
Interest payable - related party	`IncreaseDecreaseInInterestPayableNet`	$10.55K	USD	3 Qtrs
Net cash used in operating activites	`NetCashProvidedByUsedInOperatingActivities`	$-54.47K	USD	3 Qtrs
Net cash used in operating activites	`NetCashProvidedByUsedInOperatingActivities`	$-94.25K	USD	3 Qtrs
Purchase of non-marketable securities	`PaymentsToAcquireOtherInvestments`	$100.01K	USD	3 Qtrs
Net cash used in investing activites	`NetCashProvidedByUsedInInvestingActivities`	$-100.01K	USD	3 Qtrs
Note payable to related party	`ProceedsFromRelatedPartyDebt`	$52.00K	USD	3 Qtrs
Net cash provided by financing activites	`NetCashProvidedByUsedInFinancingActivities`	$52.00K	USD	3 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-194.26K	USD	3 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.47K	USD	3 Qtrs
Cash at beginning of period	`Cash`	$904.00	USD	Point-in-time
Cash at beginning of period	`Cash`	$3.38K	USD	Point-in-time
Cash at beginning of period	`Cash`	$48.18K	USD	Point-in-time
Cash at beginning of period	`Cash`	$242.44K	USD	Point-in-time
Cash at end of period	`Cash`	$904.00	USD	Point-in-time
Cash at end of period	`Cash`	$3.38K	USD	Point-in-time
Cash at end of period	`Cash`	$48.18K	USD	Point-in-time
Cash at end of period	`Cash`	$242.44K	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$20.36K	USD	3 Qtrs
Cash paid during the period for interest	`InterestPaid`	$20.36K	USD	3 Qtrs
Net unrealized gain on marketable and non-marketable investments	`UnrealizedGainLossOnInvestments`	$466.92K	USD	3 Qtrs
Conversion of advance to common stock	`DebtConversionConvertedInstrumentAmount1`	$230.00K	USD	3 Qtrs

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