10-K Filing

IRONSTONE PROPERTIES, INC. CIK: 723269 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0001437749-15-007439`
Period End Date	20141231
Filing Date	20150415
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	irns-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 29 Cash Flow Statement 39 Stockholders Equity 17

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 (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, issued shares (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued shares (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, outstanding shares (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding shares (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	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
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	2.62M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	2.94M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	2.94M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	2.62M	shares	Point-in-time
Treasury Stock, shares (in shares)	`TreasuryStockShares`	745,536.00	shares	Point-in-time
Treasury Stock, shares (in shares)	`TreasuryStockShares`	745,536.00	shares	Point-in-time
Cash	`Cash`	$25.82K	USD	Point-in-time
Cash	`Cash`	$242.44K	USD	Point-in-time
Cash	`Cash`	$3.38K	USD	Point-in-time
Non-marketable securities	`InvestmentOwnedAtFairValue`	$2.67M	USD	Point-in-time
Non-marketable securities	`InvestmentOwnedAtFairValue`	$2.00M	USD	Point-in-time
Total assets	`Assets`	$3.20M	USD	Point-in-time
Total assets	`Assets`	$3.01M	USD	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
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$12.09K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$17.89K	USD	Point-in-time
Advances for future stock issuance	`AdvancesForFutureStockIssuance`	$230.00K	USD	Point-in-time
Note payable, net of discount	`NotesPayable`	$1.21M	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`	$1.78M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.89M	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 December 31, 2014	`CommonStockValue`	$29.37K	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 December 31, 2014	`CommonStockValue`	$26.18K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.82M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.56M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.58M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.84M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.82M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.75M	USD	Point-in-time
StockholdersEquityBeforeTreasuryStock	`StockholdersEquityBeforeTreasuryStock`	$1.83M	USD	Point-in-time
StockholdersEquityBeforeTreasuryStock	`StockholdersEquityBeforeTreasuryStock`	$1.76M	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`	$1.24M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.31M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-362.08K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.20M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.01M	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
Professional fees	`ProfessionalFees`	$41.41K	USD	Annual
Professional fees	`ProfessionalFees`	$73.52K	USD	Annual
State filing fee	`OtherGeneralExpense`	$21.56K	USD	Annual
State filing fee	`OtherGeneralExpense`	$9.62K	USD	Annual
Amortization	`AmortizationOfDebtDiscountPremium`	$5.56K	USD	Annual
Amortization	`AmortizationOfDebtDiscountPremium`	$11.12K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$28.55K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$11.29K	USD	Annual
Other expenses	`OtherOperatingIncomeExpenseNet`	$32.84K	USD	Annual
Total operating expenses	`OperatingExpenses`	$122.81K	USD	Annual
Total operating expenses	`OperatingExpenses`	$46.98K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-122.81K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-46.98K	USD	Annual
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-121.84K	USD	Annual
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-112.64K	USD	Annual
Interest expense to related party	`InterestExpenseRelatedParty`	$14.11K	USD	Annual
Interest expense to related party	`InterestExpenseRelatedParty`	$10.12K	USD	Annual
Net loss	`NetIncomeLoss`	$-169.75K	USD	Annual
Net loss	`NetIncomeLoss`	$-258.75K	USD	Annual
Net loss	`NetIncomeLoss`	$-169.75K	USD	Annual
Net loss	`NetIncomeLoss`	$-258.75K	USD	Annual
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-72.22K	USD	Annual
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.83M	USD	Annual
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-330.97K	USD	Annual
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$1.66M	USD	Annual
Net loss per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.12	USD	Annual
Net loss per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	Annual
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.87M	shares	Annual
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.19M	shares	Annual

Cash Flow Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-169.75K	USD	Annual
Net loss	`NetIncomeLoss`	$-258.75K	USD	Annual
Accretion of discount on notes payable	`AccretionOfDiscount`	$11.12K	USD	Annual
Accretion of discount on notes payable	`AccretionOfDiscount`	$5.56K	USD	Annual
Stock-based compensation amortization	`ShareBasedCompensation`	$28.00K	USD	Annual
Stock-based compensation amortization	`ShareBasedCompensation`	$10.33K	USD	Annual
Pay-in-kind interest added to principal	`PaidInKindInterest`	$94.71K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-5.81K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-18.71K	USD	Annual
Interest payable - related party	`IncreaseDecreaseInInterestPayableNet`	$14.11K	USD	Annual
Interest payable - related party	`IncreaseDecreaseInInterestPayableNet`	$8.14K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-116.62K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-164.43K	USD	Annual
Purchase of marketable securities - related party	`PaymentsToAcquireMarketableSecurities`	$37.00K	USD	Annual
Purchase of non-marketable securities	`PaymentsToAcquireOtherInvestments`	$100.01K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-100.01K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-37.00K	USD	Annual
Proceeds from issuance of note payable to related party	`ProceedsFromRelatedPartyDebt`	$123.00K	USD	Annual
Proceeds from issuance of note payable	`ProceedsFromNotesPayable`	$1.00M	USD	Point-in-time
Proceeds from issuance of note payable	`ProceedsFromNotesPayable`	$87.50K	USD	Annual
Proceeds for future common stock share purchase	`ProceedsFromIssuanceOfCommonStock`	$230.00K	USD	Point-in-time
Proceeds for future common stock share purchase	`ProceedsFromIssuanceOfCommonStock`	$230.00K	USD	Annual
Proceeds from exercise of warrant	`ProceedsFromWarrantExercises`	$1.00	USD	Annual
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$440.50K	USD	Annual
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.00	USD	Annual
Net (decrease) increase in cash	`CashPeriodIncreaseDecrease`	$239.06K	USD	Annual
Net (decrease) increase in cash	`CashPeriodIncreaseDecrease`	$-216.63K	USD	Annual
Cash at beginning of period	`Cash`	$25.82K	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 end of period	`Cash`	$25.82K	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 paid during the period for interest	`InterestPaid`	$25.86K	USD	Annual
Cash paid during the period for interest	`InterestPaid`	$25.12K	USD	Annual
Cash paid during the period for taxes	`IncomeTaxesPaid`	$9.62K	USD	Annual
Cash paid during the period for taxes	`IncomeTaxesPaid`	$21.56K	USD	Annual
Net unrealized loss on marketable and non-marketable investments, net of tax	`UnrealizedGainLossOnInvestments`	$72.22K	USD	Annual
Conversion of advance to common stock	`DebtConversionConvertedInstrumentAmount1`	$230.00K	USD	Annual

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balances	`StockholdersEquity`	$1.24M	USD	Point-in-time
Balances	`StockholdersEquity`	$1.31M	USD	Point-in-time
Balances	`StockholdersEquity`	$-362.08K	USD	Point-in-time
Stock-based compensation amortization	`ShareBasedCompensation`	$28.00K	USD	Annual
Stock-based compensation amortization	`ShareBasedCompensation`	$10.33K	USD	Annual
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-72.22K	USD	Annual
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.83M	USD	Annual
Net loss	`NetIncomeLoss`	$-169.75K	USD	Annual
Net loss	`NetIncomeLoss`	$-258.75K	USD	Annual
Balances	`StockholdersEquity`	$1.24M	USD	Point-in-time
Balances	`StockholdersEquity`	$1.31M	USD	Point-in-time
Balances	`StockholdersEquity`	$-362.08K	USD	Point-in-time
Issuance of common stock (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	131,429.00	shares	Point-in-time
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$230.00K	USD	Annual
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$131.43K	USD	Annual
Warrant exercise (in shares)	`ClassOfWarrantOrRightsExercisedInPeriod`	187,296.00	shares	Point-in-time
Warrant exercise	`ClassOfWarrantOrRightExercisedInPeriodValue`	$1.00	USD	Annual

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