10-Q Filing

BLACKBOXSTOCKS INC. CIK: 1567900 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001010549-17-000310`
Period End Date	20170630
Filing Date	20170814
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	blbx-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 56 Cash Flow Statement 50

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$703.64K	USD	Point-in-time
Cash	`Cash`	$60.29K	USD	Point-in-time
Cash	`Cash`	$386.47K	USD	Point-in-time
Cash	`Cash`	$4.35K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$480.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$1.57K	USD	Point-in-time
Advances, related party (Note 5)	`AccountsReceivableRelatedPartiesCurrent`	$79.68K	USD	Point-in-time
Advances, related party (Note 5)	`AccountsReceivableRelatedPartiesCurrent`	$42.69K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$236.30K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$250.26K	USD	Point-in-time
Prepaid expenses, related parties (Note 5)	`OtherPrepaidExpenseCurrent`	$36.70K	USD	Point-in-time
Prepaid expenses, related parties (Note 5)	`OtherPrepaidExpenseCurrent`	$36.70K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$9.54K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.02M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$753.59K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$5.34K	USD	Point-in-time
Accumulated amortization	`CapitalizedComputerSoftwareAccumulatedAmortization`	$563.00	USD	Point-in-time
Accumulated amortization	`CapitalizedComputerSoftwareAccumulatedAmortization`	-	USD	Point-in-time
Computer and related equipment, net of depreciation of $9,544 and $5,336 at June 30, 2017 and December 31, 2016, respectively	`ComputerAndRelatedEquipmentNet`	$16.66K	USD	Point-in-time
Computer and related equipment, net of depreciation of $9,544 and $5,336 at June 30, 2017 and December 31, 2016, respectively	`ComputerAndRelatedEquipmentNet`	$19.47K	USD	Point-in-time
Software development, net of amortization of $563 and $0 at June 30, 2017 and December 31, 2016, respectively	`CapitalizedComputerSoftwareNet`	-	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Software development, net of amortization of $563 and $0 at June 30, 2017 and December 31, 2016, respectively	`CapitalizedComputerSoftwareNet`	$8.44K	USD	Point-in-time
Total property	`PropertyPlantAndEquipmentNet`	$27.91K	USD	Point-in-time
Total property	`PropertyPlantAndEquipmentNet`	$16.66K	USD	Point-in-time
Total Assets	`Assets`	$1.04M	USD	Point-in-time
Total Assets	`Assets`	$781.50K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$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
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$72.28K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$208.68K	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.11M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.11M	shares	Point-in-time
Unearned subscriptions	`UnearnedSubscriptions`	$19.48K	USD	Point-in-time
Unearned subscriptions	`UnearnedSubscriptions`	$17.68K	USD	Point-in-time
Unearned licensing fees	`DeferredRevenueCurrent`	$150.00K	USD	Point-in-time
Unearned licensing fees	`DeferredRevenueCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$89.96K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$378.17K	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 June 30, 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 June 30, 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 June 30, 2017 and December 31, 2016, respectively	`PreferredStockValueSeriesA`	$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, 2017 and December 31, 2016, respectively	`PreferredStockValueSeriesA`	$5.00K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized: 23,110,000 issued and outstanding at June 30, 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 June 30, 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`	$-1.98M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.43M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$947.60K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$403.33K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.04M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$781.50K	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$324.56K	USD	2 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	$196.94K	USD	1 Quarter
Revenue	`Revenues`	-	USD	2 Qtrs
Cost of operations	`CostOfRevenue`	-	USD	1 Quarter
Cost of operations	`CostOfRevenue`	$229.47K	USD	2 Qtrs
Cost of operations	`CostOfRevenue`	-	USD	2 Qtrs
Cost of operations	`CostOfRevenue`	$133.19K	USD	1 Quarter
Gross margin	`GrossProfit`	-	USD	1 Quarter
Gross margin	`GrossProfit`	-	USD	2 Qtrs
Gross margin	`GrossProfit`	$63.75K	USD	1 Quarter
Gross margin	`GrossProfit`	$95.09K	USD	2 Qtrs
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$232.73K	USD	2 Qtrs
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$89.32K	USD	2 Qtrs
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$204.59K	USD	1 Quarter
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$42.45K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$208.34K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$212.39K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$400.89K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$123.56K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.78K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.77K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$2.58K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.29K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$167.29K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$304.29K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$638.39K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$415.71K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-543.30K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-304.29K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-351.95K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-167.29K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$966.00	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	$518.00	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-352.47K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-304.29K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-167.29K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-544.27K	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-352.47K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-167.29K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-304.29K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-544.27K	USD	2 Qtrs
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.11M	shares	2 Qtrs
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`	23.11M	shares	1 Quarter
Net loss per share - basic	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Net loss per share - basic	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Net loss per share - basic	`EarningsPerShareBasic`	$-0.02	USD	2 Qtrs
Net loss per share - basic	`EarningsPerShareBasic`	$-0.02	USD	2 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-352.47K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-167.29K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-304.29K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-544.27K	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$2.78K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$4.77K	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$2.58K	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$1.29K	USD	1 Quarter
Investment, trading	`IncreaseDecreaseInRestrictedCashAndInvestments`	-	USD	2 Qtrs
Investment, trading	`IncreaseDecreaseInRestrictedCashAndInvestments`	$-414.00	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.09K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$13.96K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-3.41K	USD	2 Qtrs
Prepaid expenses, related parties	`IncreaseDecreaseInDueFromRelatedParties`	-	USD	2 Qtrs
Prepaid expenses, related parties	`IncreaseDecreaseInDueFromRelatedParties`	$-130.45K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$50.67K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$136.40K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	-	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$861.00	USD	2 Qtrs
Unearned subscriptions	`IncreaseDecreaseUnearnedSubscriptions`	-	USD	2 Qtrs
Unearned subscriptions	`IncreaseDecreaseUnearnedSubscriptions`	$1.80K	USD	2 Qtrs
Unearned licensing fees	`IncreaseDecreaseInDeferredRevenue`	$150.00K	USD	2 Qtrs
Unearned licensing fees	`IncreaseDecreaseInDeferredRevenue`	-	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-115.90K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-264.16K	USD	2 Qtrs
Purchases of property	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Purchases of property	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.02K	USD	2 Qtrs
Cash advances from shareholder	`ProceedsFromRelatedPartyDebt`	$20.00K	USD	2 Qtrs
Cash advances from shareholder	`ProceedsFromRelatedPartyDebt`	$9.96K	USD	2 Qtrs
Cash repayments to shareholder	`RepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Cash repayments to shareholder	`RepaymentsOfRelatedPartyDebt`	$56.99K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$9.96K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-53.01K	USD	2 Qtrs
Proceeds from notes issued	`ProceedsFromNotesPayable`	$50.00K	USD	2 Qtrs
Proceeds from notes issued	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$50.00K	USD	2 Qtrs
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$-317.17K	USD	2 Qtrs
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$-55.94K	USD	2 Qtrs
Cash - beginning of period	`Cash`	$703.64K	USD	Point-in-time
Cash - beginning of period	`Cash`	$60.29K	USD	Point-in-time
Cash - beginning of period	`Cash`	$386.47K	USD	Point-in-time
Cash - beginning of period	`Cash`	$4.35K	USD	Point-in-time
Cash - end of period	`Cash`	$703.64K	USD	Point-in-time
Cash - end of period	`Cash`	$60.29K	USD	Point-in-time
Cash - end of period	`Cash`	$386.47K	USD	Point-in-time
Cash - end of period	`Cash`	$4.35K	USD	Point-in-time
Cancellation of common shares	`CancellationOfCommonShares`	$835.00	USD	2 Qtrs
Cancellation of common shares	`CancellationOfCommonShares`	-	USD	2 Qtrs

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