10-Q Filing

BLACKBOXSTOCKS INC. CIK: 1567900 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001010549-16-000699`
Period End Date	20160630
Filing Date	20160819
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	blbx-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 38 Cash Flow Statement 27

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Computer and related equipment, net of depreciation	`ComputerAndRelatedEquipmentNetOfDepreciation`	-	USD	Point-in-time
Computer and related equipment, net of depreciation	`ComputerAndRelatedEquipmentNetOfDepreciation`	$2.58K	USD	Point-in-time
Cash	`Cash`	$4.35K	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
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Investments, trading	`Investments`	$414.00	USD	Point-in-time
Series A Convertible Preferred Stock par value	`SeriesAConvertiblePreferredStockParValue`	$0.00	USD	Point-in-time
Series A Convertible Preferred Stock par value	`SeriesAConvertiblePreferredStockParValue`	$0.00	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`	$24.05K	USD	Point-in-time
Series A Convertible Preferred Stock shares authorized	`SeriesAConvertiblePreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Series A Convertible Preferred Stock shares authorized	`SeriesAConvertiblePreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Series A Convertible Preferred Stock issued	`SeriesAConvertiblePreferredStockIssued`	5.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$218.61K	USD	Point-in-time
Series A Convertible Preferred Stock issued	`SeriesAConvertiblePreferredStockIssued`	5.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$28.40K	USD	Point-in-time
Series A Convertible Preferred Stock outstanding	`SeriesAConvertiblePreferredStockOutstanding`	5.00M	shares	Point-in-time
Series A Convertible Preferred Stock outstanding	`SeriesAConvertiblePreferredStockOutstanding`	5.00M	shares	Point-in-time
Computer and related equipment, net of depreciation of $2,578 at June 30, 2016 and $0 at December 31, 2015	`ComputerAndRelatedEquipmentNetOfDepreciationOf2578AtJune302016And0AtDecember312015`	$15.46K	USD	Point-in-time
Computer and related equipment, net of depreciation of $2,578 at June 30, 2016 and $0 at December 31, 2015	`ComputerAndRelatedEquipmentNetOfDepreciationOf2578AtJune302016And0AtDecember312015`	$12.89K	USD	Point-in-time
Common stock, par value	`CommonStockNoParValue`	$0.00	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
Total property	`TotalProperty`	$12.89K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total property	`TotalProperty`	$15.46K	USD	Point-in-time
Total Assets	`Assets`	$41.28K	USD	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
Total Assets	`Assets`	$234.08K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.00M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.84M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$79.82K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$29.15K	USD	Point-in-time
Accrued interest	`AccruedInterest`	$861.00	USD	Point-in-time
Advances, related party (Note 6)	`AdvancesRelatedPartyNote6`	$9.96K	USD	Point-in-time
Notes payable (Note 7)	`NotesPayableCurrent`	$50.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$140.64K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$29.15K	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 5,000,000 shares authorized; no shares issued and outstanding at June 30, 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 June 30, 2016 and December 31, 2015, respectively	`SeriesAConvertiblePreferredStock0001ParValue5000000SharesAuthorized5000000IssuedAndOutstandingAtJune302016AndDecember312015Respectively1`	$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 June 30, 2016 and December 31, 2015, respectively	`SeriesAConvertiblePreferredStock0001ParValue5000000SharesAuthorized5000000IssuedAndOutstandingAtJune302016AndDecember312015Respectively1`	$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 June 30, 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 June 30, 2016 and December 31, 2015, respectively	`CommonStockValue`	$20.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$800.44K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$799.61K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-620.51K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-924.80K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-99.36K	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`	$41.28K	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Cost of operations	`CostOfOperations`	-	USD	1 Quarter
Gross margin	`GrossProfit`	-	USD	1 Quarter
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$45.45K	USD	2 Qtrs
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$89.32K	USD	2 Qtrs
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$42.45K	USD	1 Quarter
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$23.38K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$42.65K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$212.39K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$74.95K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$123.56K	USD	1 Quarter
Depreciation	`Depreciation`	$2.58K	USD	2 Qtrs
Depreciation	`Depreciation`	$1.29K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$167.29K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$66.02K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$120.40K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$304.29K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-66.02K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-304.29K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-120.40K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-167.29K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-66.02K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-167.29K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-304.29K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-120.40K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Net loss	`ProfitLoss`	$-66.02K	USD	1 Quarter
Net loss	`ProfitLoss`	$-120.40K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-167.29K	USD	1 Quarter
Net loss	`ProfitLoss`	$-304.29K	USD	2 Qtrs
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	17.92M	shares	1 Quarter
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20.00M	shares	1 Quarter
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20.19M	shares	2 Qtrs
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	17.01M	shares	2 Qtrs
Net loss per share - basic	`EarningsPerShareBasic`	$-0.01	USD	2 Qtrs
Net loss per share - basic	`EarningsPerShareBasic`	$-0.02	USD	2 Qtrs
Net loss per share - basic	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Net loss per share - basic	`EarningsPerShareBasic`	-	USD	1 Quarter

Cash Flow Statement 27 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-304.29K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-120.40K	USD	2 Qtrs
Depreciation expense	`DepreciationExpense`	$2.58K	USD	2 Qtrs
Investment, trading	`InvestmentTrading`	$414.00	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$3.41K	USD	2 Qtrs
Prepaid expenses, related parties	`PrepaidExpensesRelatedParties`	$130.45K	USD	2 Qtrs
Prepaid expenses, related parties	`PrepaidExpensesRelatedParties`	$-31.16K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.49K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$50.67K	USD	2 Qtrs
Accounts payable, related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-109.78K	USD	2 Qtrs
Accrued interest	`AccruedInterest1`	$861.00	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-252.85K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-115.90K	USD	2 Qtrs
Purchases of fixed assets	`PurchasesOfFixedAssets`	$-13.47K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.47K	USD	2 Qtrs
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	$560.00K	USD	2 Qtrs
Advances from shareholder	`AdvancesFromShareholder`	$9.96K	USD	2 Qtrs
Proceeds from notes issued	`ProceedsFromNotesIssued`	$50.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$560.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$59.96K	USD	2 Qtrs
Net increase(decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-55.94K	USD	2 Qtrs
Net increase(decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$293.68K	USD	2 Qtrs
Cash - beginning of period	`CashBeginningOfPeriod`	$60.29K	USD	2 Qtrs
Cash - beginning of period	`CashBeginningOfPeriod`	$200.53K	USD	2 Qtrs
Cash - end of period	`CashEndOfPeriod`	$4.35K	USD	2 Qtrs
Cash - end of period	`CashEndOfPeriod`	$494.20K	USD	2 Qtrs
Cancellation of common shares	`CancellationOfCommonShares`	$835.00	USD	2 Qtrs

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