10-K Filing

BLACKBOXSTOCKS INC. CIK: 1567900 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001010549-17-000135`
Period End Date	20161231
Filing Date	20170412
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	blbx-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 28 Cash Flow Statement 54 Stockholders Equity 14

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Computer and related equipment depreciation	`ComputerAndRelatedEquipmentNetOfDepreciation1`	-	USD	Point-in-time
Computer and related equipment depreciation	`ComputerAndRelatedEquipmentNetOfDepreciation1`	$5.34K	USD	Point-in-time
Preferred stock, par value	`PreferredStockNoParValue`	$0.00	USD	Point-in-time
Cash	`Cash`	$703.64K	USD	Point-in-time
Cash	`Cash`	$60.29K	USD	Point-in-time
Preferred stock, par value	`PreferredStockNoParValue`	$0.00	USD	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Investments, trading	`Investments`	$414.00	USD	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Investments, trading	`Investments`	-	USD	Point-in-time
Series A Convertible Preferred Stock par value	`SeriesAConvertiblePreferredStockParValue`	$0.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	-	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$1.57K	USD	Point-in-time
Series A Convertible Preferred Stock par value	`SeriesAConvertiblePreferredStockParValue`	$0.00	USD	Point-in-time
Series A Convertible Preferred Stock shares authorized	`ConvertiblePreferredStockSeriesASharesAuthorized`	5.00M	shares	Point-in-time
Series A Convertible Preferred Stock shares authorized	`ConvertiblePreferredStockSeriesASharesAuthorized`	5.00M	shares	Point-in-time
Advances, related party (Note 5)	`AdvancesRelatedParty`	-	USD	Point-in-time
Advances, related party (Note 5)	`AdvancesRelatedParty`	$42.69K	USD	Point-in-time
Series A Convertible Preferred Stock issued	`SeriesAConvertiblePreferredStockIssued`	5.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$236.30K	USD	Point-in-time
Series A Convertible Preferred Stock issued	`SeriesAConvertiblePreferredStockIssued`	5.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$3.41K	USD	Point-in-time
Series A Convertible Preferred Stock outstanding	`SeriesAConvertiblePreferredStockOutstanding`	5.00M	shares	Point-in-time
Prepaid expenses, related parties (Note 5)	`PrepaidExpenseCurrent`	$154.50K	USD	Point-in-time
Prepaid expenses, related parties (Note 5)	`PrepaidExpenseCurrent`	$36.70K	USD	Point-in-time
Series A Convertible Preferred Stock outstanding	`SeriesAConvertiblePreferredStockOutstanding`	5.00M	shares	Point-in-time
Common stock, par value	`CommonStockNoParValue`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.02M	USD	Point-in-time
Common stock, par value	`CommonStockNoParValue`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$218.61K	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`	23.11M	shares	Point-in-time
Computer and related equipment, net of depreciation of $5,336 and $0 at December 31, 2016 and 2015, respectively	`ComputerAndRelatedEquipmentNetOfDepreciation`	$15.46K	USD	Point-in-time
Computer and related equipment, net of depreciation of $5,336 and $0 at December 31, 2016 and 2015, respectively	`ComputerAndRelatedEquipmentNetOfDepreciation`	$16.66K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	20.84M	shares	Point-in-time
Total property	`TotalProperty`	$16.66K	USD	Point-in-time
Total property	`TotalProperty`	$15.46K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.84M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.11M	shares	Point-in-time
Total Assets	`Assets`	$1.04M	USD	Point-in-time
Total Assets	`Assets`	$234.08K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$72.28K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$29.15K	USD	Point-in-time
Unearned subscriptions	`UnearnedSubscriptions`	$17.68K	USD	Point-in-time
Unearned subscriptions	`UnearnedSubscriptions`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$29.15K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$89.96K	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 December 31, 2016 and 2015, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 5,000,000 shares authorized; no shares issued and outstanding at December 31, 2016 and 2015, respectively	`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 December 31, 2016 and 2015, respectively	`SeriesAConvertiblePreferredStock1`	$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 December 31, 2016 and 2015, respectively	`SeriesAConvertiblePreferredStock1`	$5.00K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized: 23,110,000 and 20,835,010 issued and outstanding at December 31, 2016 and 2015, respectively	`CommonStockValue`	$23.11K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized: 23,110,000 and 20,835,010 issued and outstanding at December 31, 2016 and 2015, respectively	`CommonStockValue`	$20.84K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.35M	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`	$-1.43M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$204.93K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$947.60K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$234.08K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.04M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$94.67K	USD	Annual
Revenue	`Revenues`	-	USD	Annual
Cost of operations	`CostOfOperations`	$78.07K	USD	Annual
Cost of operations	`CostOfOperations`	-	USD	Annual
Gross margin	`GrossProfit`	$16.59K	USD	Annual
Gross margin	`GrossProfit`	-	USD	Annual
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$319.94K	USD	Annual
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$185.32K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$499.96K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$238.16K	USD	Annual
Depreciation	`Depreciation`	-	USD	Annual
Depreciation	`Depreciation`	$5.34K	USD	Annual
Total operating expenses	`OperatingExpenses`	$825.23K	USD	Annual
Total operating expenses	`OperatingExpenses`	$423.48K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-808.64K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-423.48K	USD	Annual
Interest expense	`InterestExpense`	$3.69K	USD	Annual
Interest expense	`InterestExpense`	-	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-812.33K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-423.48K	USD	Annual
Income taxes	`IncomeTaxesPaid`	-	USD	Annual
Income taxes	`IncomeTaxesPaid`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-812.33K	USD	Annual
Net loss	`NetIncomeLoss`	$-423.48K	USD	Annual
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	17.63M	shares	Annual
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20.69M	shares	Annual
Net loss per share - basic	`EarningsPerShareBasic`	$-0.04	USD	Annual
Net loss per share - basic	`EarningsPerShareBasic`	$-0.02	USD	Annual

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-423.48K	USD	Annual
Net loss	`ProfitLoss`	$-812.33K	USD	Annual
Depreciation expense	`DepreciationExpense`	$5.34K	USD	Annual
Depreciation expense	`DepreciationExpense`	-	USD	Annual
Investment, trading	`IncreaseDecreaseOfRestrictedInvestments`	$-414.00	USD	Annual
Investment, trading	`IncreaseDecreaseOfRestrictedInvestments`	$414.00	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.57K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-232.89K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-3.41K	USD	Annual
Prepaid expenses, related parties	`PrepaidExpensesRelatedParties`	$117.80K	USD	Annual
Prepaid expenses, related parties	`PrepaidExpensesRelatedParties`	$-154.50K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$43.13K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$21.83K	USD	Annual
Accounts payable, related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-125.24K	USD	Annual
Accounts payable, related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	Annual
Unearned subscriptions	`UnearnedSubscriptions1`	$17.68K	USD	Annual
Unearned subscriptions	`UnearnedSubscriptions1`	-	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-685.22K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-862.42K	USD	Annual
Cash received in reverse merger transaction	`CashReceivedInReverseMergerTransaction`	$442.00	USD	Annual
Cash received in reverse merger transaction	`CashReceivedInReverseMergerTransaction`	-	USD	Annual
Purchases of fixed assets	`PurchasesOfFixedAssets`	$-15.46K	USD	Annual
Purchases of fixed assets	`PurchasesOfFixedAssets`	$-6.54K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.02K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.54K	USD	Annual
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	$1.66M	USD	Annual
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	$800.00K	USD	Annual
Preferred stock issued for cash	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$5.00K	USD	Annual
Preferred stock issued for cash	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	Annual
Payment for cancellation of common stock	`PaymentsForRepurchaseOfCommonStock`	$-100.00K	USD	Annual
Payment for cancellation of common stock	`PaymentsForRepurchaseOfCommonStock`	$-245.00K	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	-	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	$50.00K	USD	Annual
Repayment of notes payable	`RepaymentsOfNotesPayable`	$-50.00K	USD	Annual
Repayment of notes payable	`RepaymentsOfNotesPayable`	-	USD	Annual
Cash advances from shareholder	`CashAdvancesFromShareholder`	-	USD	Annual
Cash advances from shareholder	`CashAdvancesFromShareholder`	$108.23K	USD	Annual
Cash repayments to shareholder	`CashRepaymentsToShareholder`	$-150.93K	USD	Annual
Cash repayments to shareholder	`CashRepaymentsToShareholder`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.51M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$560.00K	USD	Annual
Net increase(decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$643.35K	USD	Annual
Net increase(decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-140.24K	USD	Annual
Cash - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$200.53K	USD	Point-in-time
Cash - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$60.29K	USD	Point-in-time
Cash - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$703.64K	USD	Point-in-time
Cash - end of year	`CashAndCashEquivalentsAtCarryingValue`	$200.53K	USD	Point-in-time
Cash - end of year	`CashAndCashEquivalentsAtCarryingValue`	$60.29K	USD	Point-in-time
Cash - end of year	`CashAndCashEquivalentsAtCarryingValue`	$703.64K	USD	Point-in-time
Cancellation of common shares	`CancellationOfCommonShares`	$835.00	USD	Annual
Cancellation of common shares	`CancellationOfCommonShares`	-	USD	Annual
Cancellation of treasury shares	`CancellationOfTreasuryShares`	-	USD	Annual
Cancellation of treasury shares	`CancellationOfTreasuryShares`	$50.00K	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`SharesOutstanding`	67,969.00	shares	Point-in-time
Balance.	`Balance`	204,931.00	shares	Point-in-time
Balance	`Balance1`	947,598.00	shares	Point-in-time
Balance	`SharesOutstanding`	67,969.00	shares	Point-in-time
Issuance of shares in exchange for cash	`IssuanceOfSharesInExchangeForCash`	800,000.00	shares	Annual
Issuance of shares in exchange for cash	`IssuanceOfSharesInExchangeForCash1`	5,000.00	shares	Annual
Issuance of shares by SMSA in reverse merger transaction	`IssuanceOfSharesBySmsaInReverseMergerTransaction`	442.00	shares	Annual
Purchase and cancellation of shares in exchange for cash	`PurchaseAndCancellationOfSharesInExchangeForCash`	-245,000.00	shares	Annual
Net loss	`NetLoss`	$-423.48K	USD	Annual
Balance.	`Balance`	204,931.00	shares	Point-in-time
Issuance of shares in exchange for cash	`IssuanceOfSharesInExchangeForCash2`	1.66M	shares	Annual
Recission of shares in exchange for cash	`RecissionOfSharesInExchangeForCash`	-100,000.00	shares	Annual
Net loss	`NetLoss1`	$-812.33K	USD	Annual
Balance	`Balance1`	947,598.00	shares	Point-in-time

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