10-Q Filing

BLACKBOXSTOCKS INC. CIK: 1567900 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001010549-16-000619`
Period End Date	20160331
Filing Date	20160523
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	blbx-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 24 Cash Flow Statement 26

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Net of depreciation of Computer and related equipment	`NetOfDepreciationOfComputerAndRelatedEquipment`	-	USD	Point-in-time
Net of depreciation of Computer and related equipment	`NetOfDepreciationOfComputerAndRelatedEquipment`	$1.29K	USD	Point-in-time
Preferred Stock, Par value	`PreferredStockNoParValue`	$0.00	USD	Point-in-time
Preferred Stock, Par value	`PreferredStockNoParValue`	$0.00	USD	Point-in-time
Cash	`Cash`	$60.29K	USD	Point-in-time
Cash	`Cash`	$13.99K	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Investments, trading	`Investments`	$414.00	USD	Point-in-time
Investments, trading	`Investments`	$414.00	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$3.41K	USD	Point-in-time
Prepaid expenses, related parties (Note 6)	`PrepaidExpenseCurrent`	$154.50K	USD	Point-in-time
Prepaid expenses, related parties (Note 6)	`PrepaidExpenseCurrent`	$111.01K	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$218.61K	USD	Point-in-time
Convertible Preferred Stock Series A, Par value	`ConvertiblePreferredStockSeriesAParValue`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$125.42K	USD	Point-in-time
Convertible Preferred Stock Series A, Par value	`ConvertiblePreferredStockSeriesAParValue`	$0.00	USD	Point-in-time
Convertible Preferred Stock Series A, shares authorized	`ConvertiblePreferredStockSeriesASharesAuthorized`	5.00M	shares	Point-in-time
Convertible Preferred Stock Series A, shares authorized	`ConvertiblePreferredStockSeriesASharesAuthorized`	5.00M	shares	Point-in-time
Computer and related equipment, net of depreciation of $1,289 at March 31, 2016 and $0 at December 31, 2015	`ComputerAndRelatedEquipment`	$14.18K	USD	Point-in-time
Computer and related equipment, net of depreciation of $1,289 at March 31, 2016 and $0 at December 31, 2015	`ComputerAndRelatedEquipment`	$15.46K	USD	Point-in-time
Convertible Preferred Stock Series A, shares issued	`ConvertiblePreferredStockSeriesASharesIssued`	5.00M	shares	Point-in-time
Convertible Preferred Stock Series A, shares issued	`ConvertiblePreferredStockSeriesASharesIssued`	5.00M	shares	Point-in-time
Convertible Preferred Stock Series A, shares outstanding	`ConvertiblePreferredStockSeriesASharesOutstanding`	5.00M	shares	Point-in-time
Total property	`TotalProperty`	$15.46K	USD	Point-in-time
Total property	`TotalProperty`	$14.18K	USD	Point-in-time
Convertible Preferred Stock Series A, shares outstanding	`ConvertiblePreferredStockSeriesASharesOutstanding`	5.00M	shares	Point-in-time
Total Assets	`Assets`	$234.08K	USD	Point-in-time
Common Stock, par value	`CommonStockNoParValue`	$0.00	USD	Point-in-time
Total Assets	`Assets`	$139.59K	USD	Point-in-time
Common Stock, par value	`CommonStockNoParValue`	$0.00	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	20.84M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	20.00M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	20.84M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$71.66K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	20.00M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$29.15K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$29.15K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$71.66K	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 5,000,000 shares authorized; no shares issued and outstanding at March 31, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 5,000,000 shares authorized; no shares issued and outstanding at March 31, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Series A Convertible Preferred Stock, $0.001 par value, 5,000,000 shares authorized; 5,000,000 issued and outstanding at March 31, 2016 and December 31, 2015, respectively	`SeriesAConvertiblePreferredValue`	$5.00K	USD	Point-in-time
Series A Convertible Preferred Stock, $0.001 par value, 5,000,000 shares authorized; 5,000,000 issued and outstanding at March 31, 2016 and December 31, 2015, respectively	`SeriesAConvertiblePreferredValue`	$5.00K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized: 20,000,000 and 20,835,010 issued and outstanding at March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$20.84K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized: 20,000,000 and 20,835,010 issued and outstanding at March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$20.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$799.61K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$800.44K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-757.51K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-620.51K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$67.94K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$204.93K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$234.08K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$139.59K	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Cost of operations	`CostOfOperations`	-	USD	1 Quarter
Cost of operations	`CostOfOperations`	-	USD	1 Quarter
Gross margin	`GrossProfit`	-	USD	1 Quarter
Gross margin	`GrossProfit`	-	USD	1 Quarter
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$46.87K	USD	1 Quarter
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$22.07K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$32.30K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$90.12K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$54.37K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$137.00K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-137.00K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-54.37K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-54.37K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-137.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-137.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-54.37K	USD	1 Quarter
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	16.96M	shares	1 Quarter
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20.38M	shares	1 Quarter
Net loss per share - basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net loss per share - basic	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter

Cash Flow Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-54.37K	USD	1 Quarter
Net loss	`ProfitLoss`	$-137.00K	USD	1 Quarter
Depreciation expense	`DepreciationExpense`	$1.29K	USD	1 Quarter
Depreciation expense	`DepreciationExpense`	-	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$3.41K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Prepaid expenses, related parties	`PrepaidExpensesRelatedParties`	-	USD	1 Quarter
Prepaid expenses, related parties	`PrepaidExpensesRelatedParties`	$43.49K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$42.51K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$30.57K	USD	1 Quarter
Accounts payable, related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-125.24K	USD	1 Quarter
Accounts payable, related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-46.30K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-149.04K	USD	1 Quarter
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	$360.00K	USD	1 Quarter
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$360.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net increase(decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-46.30K	USD	1 Quarter
Net increase(decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$210.96K	USD	1 Quarter
Cash - beginning of period	`CashBeginningOfPeriod`	$200.53K	USD	1 Quarter
Cash - beginning of period	`CashBeginningOfPeriod`	$60.29K	USD	1 Quarter
Cash - end of period	`CashEndOfPeriod`	$411.49K	USD	1 Quarter
Cash - end of period	`CashEndOfPeriod`	$13.99K	USD	1 Quarter
Cancellation of common shares	`CancellationOfCommonShares`	$835.00	USD	1 Quarter
Cancellation of common shares	`CancellationOfCommonShares`	-	USD	1 Quarter

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