10-Q Filing

IRONSTONE PROPERTIES, INC. CIK: 723269 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001437749-15-020772`
Period End Date	20150930
Filing Date	20151113
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	irns-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 52 Cash Flow Statement 40

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`	$25.82K	USD	Point-in-time
Cash	`Cash`	$6.80K	USD	Point-in-time
Cash	`Cash`	$242.44K	USD	Point-in-time
Treasury Stock, shares (in shares)	`TreasuryStockShares`	745,536.00	shares	Point-in-time
Cash	`Cash`	$48.18K	USD	Point-in-time
Treasury Stock, shares (in shares)	`TreasuryStockShares`	745,536.00	shares	Point-in-time
Marketable securities	`MarketableSecurities`	$2.99M	USD	Point-in-time
Marketable securities	`MarketableSecurities`	$2.96M	USD	Point-in-time
Non-marketable securities	`InvestmentOwnedAtFairValue`	$2.70M	USD	Point-in-time
Non-marketable securities	`InvestmentOwnedAtFairValue`	$2.67M	USD	Point-in-time
Total assets	`Assets`	$2.97M	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`	$29.31K	USD	Point-in-time
Note payable, net of discount	`NotesPayable`	$1.21M	USD	Point-in-time
Note payable, net of discount	`NotesPayable`	$1.29M	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`	$1.78M	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 September 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 September 30, 2015 and December 31, 2014	`CommonStockValue`	$29.37K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.84M	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`	$-22.03M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.75M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.76M	USD	Point-in-time
Stockholder equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$1.76M	USD	Point-in-time
Stockholder equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$1.60M	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`	$1.08M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.01M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.97M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Professional fees	`ProfessionalFees`	$43.61K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$20.55K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$59.27K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$9.12K	USD	1 Quarter
State filing fee and tax	`OtherGeneralExpense`	$13.50K	USD	3 Qtrs
State filing fee and tax	`OtherGeneralExpense`	$-2.97K	USD	1 Quarter
State filing fee and tax	`OtherGeneralExpense`	$306.00	USD	1 Quarter
State filing fee and tax	`OtherGeneralExpense`	$5.27K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$9.76K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$30.42K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$9.88K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$28.57K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$85.69K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$19.30K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$27.34K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$94.96K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-19.30K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-94.96K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-27.34K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-85.69K	USD	3 Qtrs
Interest expense and other, net	`InterestExpenseOther`	$90.42K	USD	3 Qtrs
Interest expense and other, net	`InterestExpenseOther`	$97.18K	USD	3 Qtrs
Interest expense and other, net	`InterestExpenseOther`	$27.92K	USD	1 Quarter
Interest expense and other, net	`InterestExpenseOther`	$31.08K	USD	1 Quarter
Interest expense to related party	`InterestExpenseRelatedParty`	$3.56K	USD	1 Quarter
Interest expense to related party	`InterestExpenseRelatedParty`	$10.55K	USD	3 Qtrs
Interest expense to related party	`InterestExpenseRelatedParty`	$3.56K	USD	1 Quarter
Interest expense to related party	`InterestExpenseRelatedParty`	$10.55K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-193.42K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-61.98K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-195.93K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-50.78K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-193.42K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-61.98K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-195.93K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-50.78K	USD	1 Quarter
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$14.25K	USD	3 Qtrs
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$3.13K	USD	1 Quarter
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$466.92K	USD	3 Qtrs
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.03M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$270.99K	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-47.65K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-179.17K	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$972.38K	USD	1 Quarter
Net loss per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Net loss per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	3 Qtrs
Net loss per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Net loss per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	3 Qtrs
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.19M	shares	1 Quarter
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.19M	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

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-193.42K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-61.98K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-195.93K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-50.78K	USD	1 Quarter
Realized loss on marketable securities	`UnrealizedGainLossOnSecurities`	$-1.41K	USD	3 Qtrs
Realized loss on marketable securities	`UnrealizedGainLossOnSecurities`	-	USD	3 Qtrs
Accretion of discount on notes payable	`AccretionOfDiscount`	$8.34K	USD	3 Qtrs
Accretion of discount on notes payable	`AccretionOfDiscount`	$8.34K	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$19.41K	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$21.53K	USD	3 Qtrs
Pay-in-kind interest added to principal	`PaidInKindInterest`	$75.91K	USD	3 Qtrs
Pay-in-kind interest added to principal	`PaidInKindInterest`	$70.13K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$17.22K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-8.88K	USD	3 Qtrs
Interest payable - related party	`IncreaseDecreaseInInterestPayableNet`	$10.55K	USD	3 Qtrs
Interest payable - related party	`IncreaseDecreaseInInterestPayableNet`	$10.55K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-94.25K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-60.58K	USD	3 Qtrs
Purchase of non-marketable securities	`PaymentsToAcquireOtherInvestments`	-	USD	3 Qtrs
Purchase of non-marketable securities	`PaymentsToAcquireOtherInvestments`	$100.01K	USD	3 Qtrs
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	3 Qtrs
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$41.56K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-100.01K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$41.56K	USD	3 Qtrs
Net decrease in cash	`CashPeriodIncreaseDecrease`	$-194.26K	USD	3 Qtrs
Net decrease in cash	`CashPeriodIncreaseDecrease`	$-19.02K	USD	3 Qtrs
Cash at beginning of period	`Cash`	$25.82K	USD	Point-in-time
Cash at beginning of period	`Cash`	$6.80K	USD	Point-in-time
Cash at beginning of period	`Cash`	$242.44K	USD	Point-in-time
Cash at beginning of period	`Cash`	$48.18K	USD	Point-in-time
Cash at end of period	`Cash`	$25.82K	USD	Point-in-time
Cash at end of period	`Cash`	$6.80K	USD	Point-in-time
Cash at end of period	`Cash`	$242.44K	USD	Point-in-time
Cash at end of period	`Cash`	$48.18K	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
Advances for future common stock share purchase	`AdvancesForFutureCommonStockSharePurchase`	-	USD	3 Qtrs
Advances for future common stock share purchase	`AdvancesForFutureCommonStockSharePurchase`	$230.00K	USD	3 Qtrs
Reversal of previously unrecognized loss on marketable securities	`ReversalOfPreviouslyUnrecognizedLossOnSecurities`	-	USD	3 Qtrs
Reversal of previously unrecognized loss on marketable securities	`ReversalOfPreviouslyUnrecognizedLossOnSecurities`	$8.34K	USD	3 Qtrs

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