10-K Filing

BLACKBOXSTOCKS INC. CIK: 1567900 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001010549-18-000123`
Period End Date	20171231
Filing Date	20180417
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	blbx-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 32 Cash Flow Statement 48 Stockholders Equity 12

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$703.64K	USD	Point-in-time
Cash	`Cash`	$8.15K	USD	Point-in-time
Cash	`Cash`	$60.29K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$1.57K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$5.11K	USD	Point-in-time
Advances, related party (Note 5)	`AccountsReceivableRelatedPartiesCurrent`	-	USD	Point-in-time
Advances, related party (Note 5)	`AccountsReceivableRelatedPartiesCurrent`	$42.69K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$202.98K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$236.30K	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`	$1.02M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$252.94K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$5.34K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$14.61K	USD	Point-in-time
Accumulated amortization	`CapitalizedComputerSoftwareAccumulatedAmortization`	$2.81K	USD	Point-in-time
Accumulated amortization	`CapitalizedComputerSoftwareAccumulatedAmortization`	-	USD	Point-in-time
Computer and related equipment, net of depreciation of $14,608 and $5,336 at December 31, 2017 and 2016, respectively	`ComputerAndRelatedEquipmentNet`	$16.66K	USD	Point-in-time
Computer and related equipment, net of depreciation of $14,608 and $5,336 at December 31, 2017 and 2016, respectively	`ComputerAndRelatedEquipmentNet`	$21.16K	USD	Point-in-time
Software development, net of amortization of $2,813 and $0 at December 31, 2017 and 2016, respectively	`CapitalizedComputerSoftwareNet`	$6.19K	USD	Point-in-time
Software development, net of amortization of $2,813 and $0 at December 31, 2017 and 2016, respectively	`CapitalizedComputerSoftwareNet`	-	USD	Point-in-time
Total property	`PropertyPlantAndEquipmentNet`	$27.34K	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`	$280.29K	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
Common stock, shares issued	`CommonStockSharesIssued`	23.11M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$368.11K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.00M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$72.28K	USD	Point-in-time
Unearned subscriptions	`DeferredRevenueCurrent`	$27.36K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.11M	shares	Point-in-time
Unearned subscriptions	`DeferredRevenueCurrent`	$17.68K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.00M	shares	Point-in-time
Advances, related party (Note 5)	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Advances, related party (Note 5)	`DueToRelatedPartiesCurrent`	$56.46K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$89.96K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$451.93K	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 December 31, 2017 and 2016, 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, 2017 and 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 December 31, 2017 and 2016, respectively	`ConvertiblePreferredStockValue`	$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, 2017 and 2016, respectively	`ConvertiblePreferredStockValue`	$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 December 31, 2017 and 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 December 31, 2017 and 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`	$2.49M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.69M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.43M	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$204.93K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$947.60K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-171.65K	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$280.29K	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$1.04M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Subscriptions	`SubscriptionRevenue`	$94.67K	USD	Annual
Subscriptions	`SubscriptionRevenue`	$410.70K	USD	Annual
Licensing	`LicenseAndServicesRevenue`	-	USD	Annual
Licensing	`LicenseAndServicesRevenue`	$500.00K	USD	Annual
Total revenues	`Revenues`	$910.71K	USD	Annual
Total revenues	`Revenues`	$94.67K	USD	Annual
Cost of operations	`CostOfRevenue`	$542.14K	USD	Annual
Cost of operations	`CostOfRevenue`	$78.07K	USD	Annual
Gross margin	`GrossProfit`	$368.56K	USD	Annual
Gross margin	`GrossProfit`	$16.59K	USD	Annual
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$505.14K	USD	Annual
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$319.94K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.11M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$499.96K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$12.09K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$5.34K	USD	Annual
Total operating expenses	`OperatingExpenses`	$1.63M	USD	Annual
Total operating expenses	`OperatingExpenses`	$825.23K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-808.64K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-1.26M	USD	Annual
Interest expense	`InterestExpense`	$3.69K	USD	Annual
Interest expense	`InterestExpense`	$1.73K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-1.26M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-812.33K	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-1.26M	USD	Annual
Net loss	`NetIncomeLoss`	$-812.33K	USD	Annual
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.08M	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`	$-0.05	USD	Annual

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.26M	USD	Annual
Net loss	`NetIncomeLoss`	$-812.33K	USD	Annual
Depreciation and amortization expense	`DepreciationAndAmortization`	$12.09K	USD	Annual
Depreciation and amortization expense	`DepreciationAndAmortization`	$5.34K	USD	Annual
Shares issued in exchange for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	Annual
Shares issued in exchange for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$222.50K	USD	Annual
Investment, trading	`IncreaseDecreaseInRestrictedCashAndInvestments`	-	USD	Annual
Investment, trading	`IncreaseDecreaseInRestrictedCashAndInvestments`	$-414.00	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.54K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.57K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-33.32K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$232.89K	USD	Annual
Prepaid expenses, related parties	`IncreaseDecreaseInDueFromRelatedParties`	$-117.80K	USD	Annual
Prepaid expenses, related parties	`IncreaseDecreaseInDueFromRelatedParties`	-	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$43.13K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$295.83K	USD	Annual
Unearned subscriptions	`IncreaseDecreaseInDeferredRevenue`	$17.68K	USD	Annual
Unearned subscriptions	`IncreaseDecreaseInDeferredRevenue`	$9.68K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-862.42K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-691.87K	USD	Annual
Purchases of property	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.76K	USD	Annual
Purchases of property	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.54K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.54K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.76K	USD	Annual
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	$1.66M	USD	Annual
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Payment for cancellation of common stock	`PaymentsForRepurchaseOfCommonStock`	$100.00K	USD	Annual
Payment for cancellation of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	$50.00K	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	-	USD	Annual
Repayment of notes payable	`RepaymentsOfNotesPayable`	-	USD	Annual
Repayment of notes payable	`RepaymentsOfNotesPayable`	$50.00K	USD	Annual
Cash advances from shareholder	`ProceedsFromRelatedPartyDebt`	$135.23K	USD	Annual
Cash advances from shareholder	`ProceedsFromRelatedPartyDebt`	$108.23K	USD	Annual
Cash repayments to shareholder	`RepaymentsOfRelatedPartyDebt`	$150.93K	USD	Annual
Cash repayments to shareholder	`RepaymentsOfRelatedPartyDebt`	$116.07K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$19.15K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.51M	USD	Annual
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$643.35K	USD	Annual
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$-695.48K	USD	Annual
Cash - beginning of period	`Cash`	$703.64K	USD	Point-in-time
Cash - beginning of period	`Cash`	$8.15K	USD	Point-in-time
Cash - beginning of period	`Cash`	$60.29K	USD	Point-in-time
Cash - end of period	`Cash`	$703.64K	USD	Point-in-time
Cash - end of period	`Cash`	$8.15K	USD	Point-in-time
Cash - end of period	`Cash`	$60.29K	USD	Point-in-time
Cancellation of common shares	`CancellationOfCommonShares`	$80.00K	USD	Annual
Cancellation of common shares	`CancellationOfCommonShares`	$835.00	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$204.93K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$947.60K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-171.65K	USD	Point-in-time
Issuance of shares in exchange for cash, value	`StockIssuedDuringPeriodValueNewIssues`	$1.66M	USD	Annual
Recission of shares in exchange for cash, value	`StockRedeemedOrCalledDuringPeriodValue`	$100.00K	USD	Annual
Repurchase of shares in exchange for advances, value	`StockRepurchasedDuringPeriodValue`	$80.00K	USD	Annual
Issuance of shares for services, value	`StockIssuedDuringPeriodValueIssuedForServices`	$222.50K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.26M	USD	Annual
Net loss	`NetIncomeLoss`	$-812.33K	USD	Annual
Ending balance, value	`StockholdersEquity`	$204.93K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$947.60K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-171.65K	USD	Point-in-time

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