10-Q Filing

BLACKBOXSTOCKS INC. CIK: 1567900 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001010549-17-000449`
Period End Date	20170930
Filing Date	20171114
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	blbx-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 64 Cash Flow Statement 52

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$163.91K	USD	Point-in-time
Cash	`Cash`	$28.87K	USD	Point-in-time
Cash	`Cash`	$60.29K	USD	Point-in-time
Cash	`Cash`	$703.64K	USD	Point-in-time
Investments, trading	`TradingSecuritiesOther`	$931.00	USD	Point-in-time
Investments, trading	`TradingSecuritiesOther`	-	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$1.57K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$800.00	USD	Point-in-time
Advances, related party (Note 5)	`AccountsReceivableRelatedPartiesCurrent`	$895.00	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$5.34K	USD	Point-in-time
Advances, related party (Note 5)	`AccountsReceivableRelatedPartiesCurrent`	$42.69K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$11.91K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$236.30K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$458.48K	USD	Point-in-time
Accumulated amortization	`CapitalizedComputerSoftwareAccumulatedAmortization`	$1.69K	USD	Point-in-time
Accumulated amortization	`CapitalizedComputerSoftwareAccumulatedAmortization`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	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
Total current assets	`AssetsCurrent`	$661.72K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.02M	USD	Point-in-time
Computer and related equipment, net of depreciation of $11,906 and $5,336 at September 30, 2017 and December 31, 2016, respectively	`ComputerAndRelatedEquipmentNet`	$16.66K	USD	Point-in-time
Computer and related equipment, net of depreciation of $11,906 and $5,336 at September 30, 2017 and December 31, 2016, respectively	`ComputerAndRelatedEquipmentNet`	$16.71K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Software development, net of amortization of $1688 and $0 at September 30, 2017 and December 31, 2016, respectively	`CapitalizedComputerSoftwareNet`	$7.31K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Software development, net of amortization of $1688 and $0 at September 30, 2017 and December 31, 2016, respectively	`CapitalizedComputerSoftwareNet`	-	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total property	`PropertyPlantAndEquipmentNet`	$24.02K	USD	Point-in-time
Total property	`PropertyPlantAndEquipmentNet`	$16.66K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.00M	shares	Point-in-time
Total Assets	`Assets`	$685.74K	USD	Point-in-time
Total Assets	`Assets`	$1.04M	USD	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`	23.00M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$442.49K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$72.28K	USD	Point-in-time
Unearned subscriptions	`UnearnedSubscriptions`	$17.68K	USD	Point-in-time
Unearned subscriptions	`UnearnedSubscriptions`	$26.36K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$89.96K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$468.85K	USD	Point-in-time
Preferred stock, $0.001 par value, 5,000,000 shares authorized; no shares issued and outstanding at September 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 September 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 September 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 September 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: 23,000,000 and 23,110,000 issued and outstanding at September 30, 2017 and December 31, 2016, respectively	`CommonStockValue`	$23.00K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized: 23,000,000 and 23,110,000 issued and outstanding at September 30, 2017 and December 31, 2016, respectively	`CommonStockValue`	$23.11K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.38M	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`	$-2.19M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$216.89K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$947.60K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.04M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$685.74K	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Subscriptions	`SubscriptionRevenue`	$19.54K	USD	1 Quarter
Subscriptions	`SubscriptionRevenue`	$308.84K	USD	3 Qtrs
Subscriptions	`SubscriptionRevenue`	$19.54K	USD	3 Qtrs
Subscriptions	`SubscriptionRevenue`	$84.28K	USD	1 Quarter
Licensing	`LicenseAndServicesRevenue`	-	USD	1 Quarter
Licensing	`LicenseAndServicesRevenue`	$300.00K	USD	1 Quarter
Licensing	`LicenseAndServicesRevenue`	-	USD	3 Qtrs
Licensing	`LicenseAndServicesRevenue`	$400.00K	USD	3 Qtrs
Total revenues	`Revenues`	$384.28K	USD	1 Quarter
Total revenues	`Revenues`	$19.54K	USD	1 Quarter
Total revenues	`Revenues`	$708.84K	USD	3 Qtrs
Total revenues	`Revenues`	$19.54K	USD	3 Qtrs
Cost of operations	`CostOfRevenue`	$15.63K	USD	3 Qtrs
Cost of operations	`CostOfRevenue`	$15.63K	USD	1 Quarter
Cost of operations	`CostOfRevenue`	$163.07K	USD	1 Quarter
Cost of operations	`CostOfRevenue`	$392.54K	USD	3 Qtrs
Gross margin	`GrossProfit`	$3.91K	USD	3 Qtrs
Gross margin	`GrossProfit`	$316.29K	USD	3 Qtrs
Gross margin	`GrossProfit`	$3.91K	USD	1 Quarter
Gross margin	`GrossProfit`	$221.21K	USD	1 Quarter
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$35.45K	USD	1 Quarter
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$122.52K	USD	1 Quarter
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$355.24K	USD	3 Qtrs
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$124.76K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$124.01K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$335.50K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$710.97K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$310.07K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$8.26K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.29K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.87K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$3.49K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$436.08K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$160.75K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.07M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$464.13K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-214.87K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-156.84K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-460.22K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-758.17K	USD	3 Qtrs
Interest expense	`InterestExpense`	$320.00	USD	1 Quarter
Interest expense	`InterestExpense`	$3.12K	USD	1 Quarter
Interest expense	`InterestExpense`	$3.12K	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.29K	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-463.34K	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-215.19K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-159.96K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-759.46K	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-159.96K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-759.46K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-463.34K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-215.19K	USD	1 Quarter
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20.16M	shares	1 Quarter
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20.18M	shares	3 Qtrs
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.11M	shares	3 Qtrs
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.11M	shares	1 Quarter
Net loss per share - basic	`EarningsPerShareBasic`	$-0.02	USD	3 Qtrs
Net loss per share - basic	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Net loss per share - basic	`EarningsPerShareBasic`	$-0.03	USD	3 Qtrs
Net loss per share - basic	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-159.96K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-759.46K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-463.34K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-215.19K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$8.26K	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$1.29K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$3.87K	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$3.49K	USD	1 Quarter
Shares issued in exchange for services	`StockIssuedDuringPeriodValueIssuedForServices1`	$96.25K	USD	3 Qtrs
Shares issued in exchange for services	`StockIssuedDuringPeriodValueIssuedForServices1`	-	USD	3 Qtrs
Investment, trading	`IncreaseDecreaseInRestrictedCashAndInvestments`	$931.00	USD	3 Qtrs
Investment, trading	`IncreaseDecreaseInRestrictedCashAndInvestments`	$-414.00	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.50K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-767.00	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$222.18K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$365.00	USD	3 Qtrs
Prepaid expenses, related parties	`IncreaseDecreaseInDueFromRelatedParties`	$-130.45K	USD	3 Qtrs
Prepaid expenses, related parties	`IncreaseDecreaseInDueFromRelatedParties`	-	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$95.55K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$370.21K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	-	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$2.14K	USD	3 Qtrs
Unearned subscriptions	`IncreaseDecreaseUnearnedSubscriptions`	$8.68K	USD	3 Qtrs
Unearned subscriptions	`IncreaseDecreaseUnearnedSubscriptions`	$14.32K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-220.46K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-498.41K	USD	3 Qtrs
Purchases of property	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.61K	USD	3 Qtrs
Purchases of property	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	3 Qtrs
Cash repayments to shareholder	`CashRepaymentsFromRelatedParty`	$29.04K	USD	3 Qtrs
Cash repayments to shareholder	`CashRepaymentsFromRelatedParty`	$70.00K	USD	3 Qtrs
Cash advances to shareholder	`CashAdvancesToRelatedParty`	-	USD	3 Qtrs
Cash advances to shareholder	`CashAdvancesToRelatedParty`	$-95.70K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-41.32K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$29.04K	USD	3 Qtrs
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	$110.00K	USD	3 Qtrs
Proceeds from notes issued	`ProceedsFromNotesPayable`	$50.00K	USD	3 Qtrs
Proceeds from notes issued	`ProceedsFromNotesPayable`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$160.00K	USD	3 Qtrs
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$-31.42K	USD	3 Qtrs
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$-539.73K	USD	3 Qtrs
Cash - beginning of period	`Cash`	$163.91K	USD	Point-in-time
Cash - beginning of period	`Cash`	$28.87K	USD	Point-in-time
Cash - beginning of period	`Cash`	$60.29K	USD	Point-in-time
Cash - beginning of period	`Cash`	$703.64K	USD	Point-in-time
Cash - end of period	`Cash`	$163.91K	USD	Point-in-time
Cash - end of period	`Cash`	$28.87K	USD	Point-in-time
Cash - end of period	`Cash`	$60.29K	USD	Point-in-time
Cash - end of period	`Cash`	$703.64K	USD	Point-in-time
Cancellation of common shares	`CancellationOfCommonShares`	$67.50K	USD	3 Qtrs
Cancellation of common shares	`CancellationOfCommonShares`	$835.00	USD	3 Qtrs

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