10-K Filing

IRONSTONE PROPERTIES, INC. CIK: 723269 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001437749-22-007883`
Period End Date	20211231
Filing Date	20220331
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	irns20211231_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 64 Cash Flow Statement 41 Stockholders Equity 14

Balance Sheet 64 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
Cash	`CashOverdrafts`	$30.72K	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`CashOverdrafts`	$-39.00	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Marketable securities	`MarketableSecurities`	$604.32K	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Marketable securities	`MarketableSecurities`	$1.03M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Non-marketable securities	`RestrictedInvestments`	$2.57M	USD	Point-in-time
Non-marketable securities	`RestrictedInvestments`	$4.96M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total assets	`Assets`	$3.61M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Total assets	`Assets`	$5.60M	USD	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, shares outstanding (in shares)	`CommonStockSharesOutstanding`	2.94M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$151.12K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	2.94M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$34.20K	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	745,536.00	shares	Point-in-time
Line of credit borrowings	`LineOfCredit`	$350.00K	USD	Point-in-time
Line of credit borrowings	`LineOfCredit`	$348.84K	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	745,536.00	shares	Point-in-time
Interest payable line of credit	`InterestPayableLineOfCredit`	-	USD	Point-in-time
Interest payable line of credit	`InterestPayableLineOfCredit`	$1.26K	USD	Point-in-time
Note payable	`NotesPayable`	$2.11M	USD	Point-in-time
Note payable	`NotesPayable`	$2.33M	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	$624.31K	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	$317.62K	USD	Point-in-time
Interest payable - related party	`InterestPayableRelatedParty`	$139.29K	USD	Point-in-time
Interest payable - related party	`InterestPayableRelatedParty`	$181.91K	USD	Point-in-time
Deferred income tax payable	`DeferredIncomeTaxLiabilitiesNet`	-	USD	Point-in-time
Deferred income tax payable	`DeferredIncomeTaxLiabilitiesNet`	$318.31K	USD	Point-in-time
Total liabilities	`Liabilities`	$3.07M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.84M	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 December 31, 2021 and December 31, 2020	`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 December 31, 2021 and December 31, 2020	`CommonStockValue`	$29.37K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$21.84M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$21.84M	USD	Point-in-time
Additional paid-in capital - stock options	`AdditionalPaidInCapitalStockOptions`	$212.51K	USD	Point-in-time
Additional paid-in capital - stock options	`AdditionalPaidInCapitalStockOptions`	$22.74K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-23.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-22.50M	USD	Point-in-time
Accumulated other comprehensive Income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.38M	USD	Point-in-time
Accumulated other comprehensive Income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.70M	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$2.28M	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$1.06M	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`	$541.60K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-95.21K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.76M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$5.60M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.61M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Compensation - stock options	`AllocatedShareBasedCompensationExpense`	$22.74K	USD	1 Quarter
Compensation - stock options	`AllocatedShareBasedCompensationExpense`	$189.76K	USD	Annual
Compensation - stock options	`AllocatedShareBasedCompensationExpense`	$22.74K	USD	Annual
Compensation - stock options	`AllocatedShareBasedCompensationExpense`	$84.95K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$234.00	USD	Annual
Professional fees	`ProfessionalFees`	$33.57K	USD	Annual
Professional fees	`ProfessionalFees`	$10.14K	USD	1 Quarter
Professional fees	`ProfessionalFees`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpenseIncome`	-	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpenseIncome`	$-1.39K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpenseIncome`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpenseIncome`	$2.93K	USD	1 Quarter
State and local taxes	`CurrentStateAndLocalTaxExpenseBenefit`	$-930.00	USD	1 Quarter
State and local taxes	`CurrentStateAndLocalTaxExpenseBenefit`	$15.40K	USD	Annual
State and local taxes	`CurrentStateAndLocalTaxExpenseBenefit`	$3.25K	USD	1 Quarter
State and local taxes	`CurrentStateAndLocalTaxExpenseBenefit`	$12.03K	USD	Annual
Total operating expenses	`OperatingExpenses`	$38.38K	USD	Annual
Total operating expenses	`OperatingExpenses`	$97.09K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$25.99K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$233.97K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-233.97K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-38.38K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-97.09K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-25.99K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$246.81K	USD	Annual
Interest expense	`InterestExpenseDebt`	$64.11K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$61.63K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$237.77K	USD	Annual
Interest expense to related party	`InterestExpenseRelatedParty`	$6.71K	USD	1 Quarter
Interest expense to related party	`InterestExpenseRelatedParty`	$11.69K	USD	1 Quarter
Interest expense to related party	`InterestExpenseRelatedParty`	$42.61K	USD	Annual
Interest expense to related party	`InterestExpenseRelatedParty`	$25.51K	USD	Annual
Net operating loss	`NetIncomeLoss`	$-301.66K	USD	Annual
Net operating loss	`NetIncomeLoss`	$-172.90K	USD	1 Quarter
Net operating loss	`NetIncomeLoss`	$-94.34K	USD	1 Quarter
Net operating loss	`NetIncomeLoss`	$-523.40K	USD	Annual
Net operating loss	`NetIncomeLoss`	$-301.66K	USD	Annual
Net operating loss	`NetIncomeLoss`	$-172.90K	USD	1 Quarter
Net operating loss	`NetIncomeLoss`	$-94.34K	USD	1 Quarter
Net operating loss	`NetIncomeLoss`	$-523.40K	USD	Annual
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-288.35K	USD	1 Quarter
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$915.73K	USD	Annual
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$1.78M	USD	Annual
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$525.35K	USD	1 Quarter
Deferred income taxes	`OtherComprehensiveIncomeLossDeferredIncomeTax`	$318.31K	USD	1 Quarter
Deferred income taxes	`OtherComprehensiveIncomeLossDeferredIncomeTax`	-	USD	Annual
Deferred income taxes	`OtherComprehensiveIncomeLossDeferredIncomeTax`	-	USD	1 Quarter
Deferred income taxes	`OtherComprehensiveIncomeLossDeferredIncomeTax`	$318.31K	USD	Annual
Comprehensive profit (loss) after income taxes	`ComprehensiveIncomeNetOfTax`	$934.60K	USD	Annual
Comprehensive profit (loss) after income taxes	`ComprehensiveIncomeNetOfTax`	$431.01K	USD	1 Quarter
Comprehensive profit (loss) after income taxes	`ComprehensiveIncomeNetOfTax`	$-779.56K	USD	1 Quarter
Comprehensive profit (loss) after income taxes	`ComprehensiveIncomeNetOfTax`	$614.07K	USD	Annual
Net operating loss per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.08	USD	1 Quarter
Net operating loss per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.04	USD	1 Quarter
Net operating loss per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.14	USD	Annual
Net operating loss per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.24	USD	Annual
Net comprehensive profit per share (in dollars per share)	`EarningsPerComprehensiveShareBasicandDiluted`	$-0.36	USD	1 Quarter
Net comprehensive profit per share (in dollars per share)	`EarningsPerComprehensiveShareBasicandDiluted`	$0.43	USD	Annual
Net comprehensive profit per share (in dollars per share)	`EarningsPerComprehensiveShareBasicandDiluted`	$0.20	USD	1 Quarter
Net comprehensive profit per share (in dollars per share)	`EarningsPerComprehensiveShareBasicandDiluted`	$0.28	USD	Annual
Shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.19M	shares	1 Quarter
Shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.19M	shares	1 Quarter
Shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.19M	shares	Annual
Shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.19M	shares	Annual

Cash Flow Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net lncome (loss)	`NetIncomeLoss`	$-301.66K	USD	Annual
Net lncome (loss)	`NetIncomeLoss`	$-172.90K	USD	1 Quarter
Net lncome (loss)	`NetIncomeLoss`	$-94.34K	USD	1 Quarter
Net lncome (loss)	`NetIncomeLoss`	$-523.40K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesExcludingInterestPayable`	$15.63K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesExcludingInterestPayable`	$-81.82K	USD	Annual
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$185.81K	USD	Annual
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$210.64K	USD	Annual
Interest payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$42.61K	USD	Annual
Interest payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$25.51K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-49.87K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-376.80K	USD	Annual
Proceeds from issuance of notes payable	`ProceedsFromNotesPayable`	$306.69K	USD	Annual
Proceeds from issuance of notes payable	`ProceedsFromNotesPayable`	$27.12K	USD	Annual
Principal payment of LOC	`RepaymentsOfLinesOfCredit`	-	USD	Annual
Principal payment of LOC	`RepaymentsOfLinesOfCredit`	$1.16K	USD	Annual
Paid in capital stock options	`ProceedsFromStockOptionsExercised`	-	USD	Annual
Paid in capital stock options	`ProceedsFromStockOptionsExercised`	$189.76K	USD	Annual
Prior period adjustment accrued expenses	`PriorPeriodAdjustmentAccruedExpenses`	$91.08K	USD	Annual
Prior period adjustment accrued expenses	`PriorPeriodAdjustmentAccruedExpenses`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$586.38K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$27.12K	USD	Annual
Marketable securities mark to market	`IncreaseDecreaseInMarketableSecuritiesFromMarkToMarket`	-	USD	Annual
Investment in non-marketable securities	`PaymentsToAcquireRestrictedInvestments`	$178.82K	USD	Annual
Investment in non-marketable securities	`PaymentsToAcquireRestrictedInvestments`	-	USD	Annual
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInInvestingActivities`	$-178.82K	USD	Annual
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$30.76K	USD	Annual
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-22.74K	USD	Annual
Cash at beginning of period	`CashOverdraftsCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$30.72K	USD	Point-in-time
Cash at beginning of period	`CashOverdraftsCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$22.70K	USD	Point-in-time
Cash at beginning of period	`CashOverdraftsCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-39.00	USD	Point-in-time
Cash at end of period	`CashOverdraftsCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$30.72K	USD	Point-in-time
Cash at end of period	`CashOverdraftsCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$22.70K	USD	Point-in-time
Cash at end of period	`CashOverdraftsCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-39.00	USD	Point-in-time
Cash paid during the period for interest	`InterestPaidNet`	-	USD	Annual
Cash paid during the period for interest	`InterestPaidNet`	$20.37K	USD	Annual
Cash paid during the period for state franchise taxes	`StateFranchisetaxesPaid`	-	USD	Annual
Cash paid during the period for state franchise taxes	`StateFranchisetaxesPaid`	$24.72K	USD	Annual
Deferred income taxes payable	`NoncashDeferredIncomeTaxesPayable`	-	USD	Annual
Deferred income taxes payable	`NoncashDeferredIncomeTaxesPayable`	$318.31K	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balances, January 1, 2020	`StockholdersEquity`	$541.60K	USD	Point-in-time
Balances, January 1, 2020	`StockholdersEquity`	$-95.21K	USD	Point-in-time
Balances, January 1, 2020	`StockholdersEquity`	$1.76M	USD	Point-in-time
Net lncome (loss)	`NetIncomeLoss`	$-301.66K	USD	Annual
Net lncome (loss)	`NetIncomeLoss`	$-172.90K	USD	1 Quarter
Net lncome (loss)	`NetIncomeLoss`	$-94.34K	USD	1 Quarter
Net lncome (loss)	`NetIncomeLoss`	$-523.40K	USD	Annual
Deferred income taxes	`OtherComprehensiveIncomeLossDeferredIncomeTax`	$318.31K	USD	1 Quarter
Deferred income taxes	`OtherComprehensiveIncomeLossDeferredIncomeTax`	-	USD	Annual
Deferred income taxes	`OtherComprehensiveIncomeLossDeferredIncomeTax`	-	USD	1 Quarter
Deferred income taxes	`OtherComprehensiveIncomeLossDeferredIncomeTax`	$318.31K	USD	Annual
Balances, December 31, 2020	`StockholdersEquity`	$541.60K	USD	Point-in-time
Balances, December 31, 2020	`StockholdersEquity`	$-95.21K	USD	Point-in-time
Balances, December 31, 2020	`StockholdersEquity`	$1.76M	USD	Point-in-time

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