10-Q Filing

BLACKBOXSTOCKS INC. CIK: 1567900 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001010549-17-000179`
Period End Date	20170331
Filing Date	20170515
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	blbx-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 28 Cash Flow Statement 38

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Computer and related equipment depreciation	`ComputerAndRelatedEquipmentNetOfDepreciation1`	$5.34K	USD	Point-in-time
Computer and related equipment depreciation	`ComputerAndRelatedEquipmentNetOfDepreciation1`	$7.33K	USD	Point-in-time
Cash	`Cash`	$703.64K	USD	Point-in-time
Preferred stock, par value	`PreferredStockNoParValue`	$0.00	USD	Point-in-time
Cash	`Cash`	$570.94K	USD	Point-in-time
Preferred stock, par value	`PreferredStockNoParValue`	$0.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$900.00	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
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 par value	`SeriesAConvertiblePreferredStockParValue`	$0.00	USD	Point-in-time
Advances, related party (Note 5)	`AdvancesRelatedParty`	$36.47K	USD	Point-in-time
Advances, related party (Note 5)	`AdvancesRelatedParty`	$42.69K	USD	Point-in-time
Series A Convertible Preferred Stock shares authorized	`ConvertiblePreferredStockSeriesASharesAuthorized`	5.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$236.30K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$236.30K	USD	Point-in-time
Series A Convertible Preferred Stock shares authorized	`ConvertiblePreferredStockSeriesASharesAuthorized`	5.00M	shares	Point-in-time
Prepaid expenses, related parties (Note 5)	`PrepaidExpenseCurrent`	$36.70K	USD	Point-in-time
Prepaid expenses, related parties (Note 5)	`PrepaidExpenseCurrent`	$36.70K	USD	Point-in-time
Series A Convertible Preferred Stock issued	`SeriesAConvertiblePreferredStockIssued`	5.00M	shares	Point-in-time
Series A Convertible Preferred Stock issued	`SeriesAConvertiblePreferredStockIssued`	5.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.02M	USD	Point-in-time
Series A Convertible Preferred Stock outstanding	`SeriesAConvertiblePreferredStockOutstanding`	5.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$881.31K	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
Common stock, par value	`CommonStockNoParValue`	$0.00	USD	Point-in-time
Computer and related equipment, net of depreciation of $7,330 and $5,336 at March 31, 2017 and December 31, 2016, respectively	`ComputerAndRelatedEquipmentNetOfDepreciation`	$17.55K	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
Computer and related equipment, net of depreciation of $7,330 and $5,336 at March 31, 2017 and December 31, 2016, respectively	`ComputerAndRelatedEquipmentNetOfDepreciation`	$16.66K	USD	Point-in-time
Total property	`TotalProperty`	$16.66K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.11M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.11M	shares	Point-in-time
Total property	`TotalProperty`	$17.55K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.11M	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`	$898.87K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$72.28K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$121.33K	USD	Point-in-time
Unearned subscriptions	`UnearnedSubscriptions`	$21.74K	USD	Point-in-time
Unearned subscriptions	`UnearnedSubscriptions`	$17.68K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$143.07K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$89.96K	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 5,000,000 shares authorized; no shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 5,000,000 shares authorized; no shares issued and outstanding at March 31, 2017 and December 31, 2016, 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 March 31, 2017 and December 31, 2016, 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 March 31, 2017 and December 31, 2016, respectively	`SeriesAConvertiblePreferredStock1`	$5.00K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized: 23,110,000 issued and outstanding at March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$23.11K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized: 23,110,000 issued and outstanding at March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$23.11K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.35M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.35M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.43M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.62M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$947.60K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$755.80K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$898.87K	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`	$127.61K	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Cost of operations	`CostOfOperations`	$96.28K	USD	1 Quarter
Cost of operations	`CostOfOperations`	-	USD	1 Quarter
Gross margin	`GrossProfit`	-	USD	1 Quarter
Gross margin	`GrossProfit`	$31.33K	USD	1 Quarter
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$28.14K	USD	1 Quarter
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$46.87K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$192.55K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$88.83K	USD	1 Quarter
Depreciation	`Depreciation`	$1.99K	USD	1 Quarter
Depreciation	`Depreciation`	$1.29K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$137.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$222.68K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-191.35K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-137.00K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$448.00	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-191.80K	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`	$-191.80K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-137.00K	USD	1 Quarter
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.11M	shares	1 Quarter
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20.38M	shares	1 Quarter
Net loss per share - basic	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Net loss per share - basic	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-137.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-191.80K	USD	1 Quarter
Depreciation expense	`DepreciationExpense`	$1.29K	USD	1 Quarter
Depreciation expense	`DepreciationExpense`	$1.99K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$667.00	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$3.41K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Prepaid expenses, related parties	`PrepaidExpensesRelatedParties`	$43.49K	USD	1 Quarter
Prepaid expenses, related parties	`PrepaidExpensesRelatedParties`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$49.05K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$42.51K	USD	1 Quarter
Unearned subscriptions	`UnearnedSubscriptions1`	$4.06K	USD	1 Quarter
Unearned subscriptions	`UnearnedSubscriptions1`	-	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-136.03K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-46.30K	USD	1 Quarter
Purchases of fixed assets	`PurchasesOfFixedAssets`	-	USD	1 Quarter
Purchases of fixed assets	`PurchasesOfFixedAssets`	$-2.88K	USD	1 Quarter
Cash advances from shareholder	`CashAdvancesFromShareholder`	-	USD	1 Quarter
Cash advances from shareholder	`CashAdvancesFromShareholder`	$20.00K	USD	1 Quarter
Cash repayments to shareholder	`CashRepaymentsToShareholder`	$-13.78K	USD	1 Quarter
Cash repayments to shareholder	`CashRepaymentsToShareholder`	-	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$3.33K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net increase(decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-132.70K	USD	1 Quarter
Net increase(decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-46.30K	USD	1 Quarter
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$703.64K	USD	Point-in-time
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$60.29K	USD	Point-in-time
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$570.94K	USD	Point-in-time
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.99K	USD	Point-in-time
Cash - end of period	`CashAndCashEquivalentsAtCarryingValue`	$703.64K	USD	Point-in-time
Cash - end of period	`CashAndCashEquivalentsAtCarryingValue`	$60.29K	USD	Point-in-time
Cash - end of period	`CashAndCashEquivalentsAtCarryingValue`	$570.94K	USD	Point-in-time
Cash - end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.99K	USD	Point-in-time
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.