10-Q Filing

IRONSTONE PROPERTIES, INC. CIK: 723269 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001437749-15-016094`
Period End Date	20150630
Filing Date	20150818
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	irns-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 52 Cash Flow Statement 37

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
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`	$0.01	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`	$0.70	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`	2.94M	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`	2.94M	shares	Point-in-time
Cash	`Cash`	$5.49K	USD	Point-in-time
Cash	`Cash`	$242.44K	USD	Point-in-time
Cash	`Cash`	$25.82K	USD	Point-in-time
Cash	`Cash`	$76.60K	USD	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
Marketable securities	`MarketableSecurities`	$2.98M	USD	Point-in-time
Marketable securities	`MarketableSecurities`	$2.99M	USD	Point-in-time
Non-marketable securities	`InvestmentOwnedAtFairValue`	$2.67M	USD	Point-in-time
Non-marketable securities	`InvestmentOwnedAtFairValue`	$2.70M	USD	Point-in-time
Total assets	`Assets`	$3.01M	USD	Point-in-time
Total assets	`Assets`	$2.99M	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`	$38.09K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$12.09K	USD	Point-in-time
Note payable, net of discount	`NotesPayable`	$1.26M	USD	Point-in-time
Note payable, net of discount	`NotesPayable`	$1.21M	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`	$1.87M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.78M	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 2,937,225 shares are issued and outstanding as of June 30, 2015 and December 31, 2014	`CommonStockValue`	$29.37K	USD	Point-in-time
Common stock, $0.01 par value, 25,000,000 shares authorized, of which 2,937,225 shares are issued and outstanding as of June 30, 2015 and December 31, 2014	`CommonStockValue`	$29.37K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.83M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.82M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.84M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.98M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.76M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.75M	USD	Point-in-time
Stockholder equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$1.64M	USD	Point-in-time
Stockholder equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$1.76M	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`	$1.12M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.24M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.99M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.01M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Professional fees	`ProfessionalFees`	$38.72K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$37.36K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$13.43K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$26.40K	USD	1 Quarter
State filing fee and tax	`OtherGeneralExpense`	$13.20K	USD	2 Qtrs
State filing fee and tax	`OtherGeneralExpense`	$5.24K	USD	1 Quarter
State filing fee and tax	`OtherGeneralExpense`	$4.34K	USD	1 Quarter
State filing fee and tax	`OtherGeneralExpense`	$8.24K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$9.41K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$18.69K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$6.51K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$15.10K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$27.18K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$38.14K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$69.25K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$62.05K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-27.18K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-38.14K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-62.05K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-69.25K	USD	2 Qtrs
Interest expense and other	`InterestExpenseOther`	$32.79K	USD	1 Quarter
Interest expense and other	`InterestExpenseOther`	$66.72K	USD	2 Qtrs
Interest expense and other	`InterestExpenseOther`	$35.46K	USD	1 Quarter
Interest expense and other	`InterestExpenseOther`	$64.92K	USD	2 Qtrs
Interest expense to related party	`InterestExpenseRelatedParty`	$7.00K	USD	2 Qtrs
Interest expense to related party	`InterestExpenseRelatedParty`	$3.52K	USD	1 Quarter
Interest expense to related party	`InterestExpenseRelatedParty`	$3.52K	USD	1 Quarter
Interest expense to related party	`InterestExpenseRelatedParty`	$6.96K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-66.16K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-133.97K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-142.93K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-74.45K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-66.16K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-133.97K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-142.93K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-74.45K	USD	1 Quarter
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-567.44K	USD	2 Qtrs
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$15.78K	USD	2 Qtrs
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-57.02K	USD	1 Quarter
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-15.19K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-127.15K	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-123.19K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-89.64K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-701.41K	USD	2 Qtrs
Net loss per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	2 Qtrs
Net loss per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.03	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
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.19M	shares	2 Qtrs
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.19M	shares	2 Qtrs
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.19M	shares	1 Quarter
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.19M	shares	1 Quarter

Cash Flow Statement 37 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-66.16K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-133.97K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-142.93K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-74.45K	USD	1 Quarter
Accretion of discount on notes payable	`AccretionOfDiscount`	$5.56K	USD	2 Qtrs
Accretion of discount on notes payable	`AccretionOfDiscount`	$2.78K	USD	1 Quarter
Accretion of discount on notes payable	`AccretionOfDiscount`	$5.59K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$15.06K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$12.94K	USD	2 Qtrs
Pay-in-kind interest added to principal	`PaidInKindInterest`	$49.83K	USD	2 Qtrs
Pay-in-kind interest added to principal	`PaidInKindInterest`	$46.03K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$26.00K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-2.54K	USD	2 Qtrs
Interest payable - related party	`IncreaseDecreaseInInterestPayableNet`	$7.00K	USD	2 Qtrs
Interest payable - related party	`IncreaseDecreaseInInterestPayableNet`	$7.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-62.83K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-41.61K	USD	2 Qtrs
Purchase of non-marketable securities	`PaymentsToAcquireOtherInvestments`	-	USD	2 Qtrs
Purchase of non-marketable securities	`PaymentsToAcquireOtherInvestments`	$103.01K	USD	2 Qtrs
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	2 Qtrs
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$21.28K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$21.28K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-103.01K	USD	2 Qtrs
Net decrease in cash	`CashPeriodIncreaseDecrease`	$-165.84K	USD	2 Qtrs
Net decrease in cash	`CashPeriodIncreaseDecrease`	$-20.32K	USD	2 Qtrs
Cash at beginning of period	`Cash`	$5.49K	USD	Point-in-time
Cash at beginning of period	`Cash`	$242.44K	USD	Point-in-time
Cash at beginning of period	`Cash`	$25.82K	USD	Point-in-time
Cash at beginning of period	`Cash`	$76.60K	USD	Point-in-time
Cash at end of period	`Cash`	$5.49K	USD	Point-in-time
Cash at end of period	`Cash`	$242.44K	USD	Point-in-time
Cash at end of period	`Cash`	$25.82K	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
Advances for future common stock share purchase	`AdvancesForFutureCommonStockSharePurchase`	$230.00K	USD	2 Qtrs
Advances for future common stock share purchase	`AdvancesForFutureCommonStockSharePurchase`	-	USD	2 Qtrs

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