10-Q Filing

BLACKBOXSTOCKS INC. CIK: 1567900 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001010549-18-000191`
Period End Date	20180331
Filing Date	20180522
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	blbx-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 28 Cash Flow Statement 44

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$8.15K	USD	Point-in-time
Cash	`Cash`	$570.94K	USD	Point-in-time
Cash	`Cash`	$78.02K	USD	Point-in-time
Cash	`Cash`	$703.64K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$5.11K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$2.05K	USD	Point-in-time
Advances, related party (Note 5)	`AccountsReceivableRelatedPartiesCurrent`	-	USD	Point-in-time
Advances, related party (Note 5)	`AccountsReceivableRelatedPartiesCurrent`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$202.98K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$196.39K	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`	$17.72K	USD	Point-in-time
Discount on notes payable	`DebtInstrumentUnamortizedDiscount`	-	USD	Point-in-time
Discount on notes payable	`DebtInstrumentUnamortizedDiscount`	$9.19K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$14.61K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$252.94K	USD	Point-in-time
Accumulated software amortization	`CapitalizedComputerSoftwareAccumulatedAmortization`	$2.81K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$322.35K	USD	Point-in-time
Accumulated software amortization	`CapitalizedComputerSoftwareAccumulatedAmortization`	$3.94K	USD	Point-in-time
Computer and related equipment, net of depreciation of $17,722 and $14,608 at March 31, 2018 and December 31, 2017, respectively	`ComputerAndRelatedEquipmentNet`	$21.16K	USD	Point-in-time
Computer and related equipment, net of depreciation of $17,722 and $14,608 at March 31, 2018 and December 31, 2017, respectively	`ComputerAndRelatedEquipmentNet`	$20.04K	USD	Point-in-time
Software development, net of amortization of $3,938 and $2,813 at March 31, 2018 and December 31, 2017, respectively	`CapitalizedComputerSoftwareNet`	$6.19K	USD	Point-in-time
Software development, net of amortization of $3,938 and $2,813 at March 31, 2018 and December 31, 2017, respectively	`CapitalizedComputerSoftwareNet`	$5.06K	USD	Point-in-time
Total property	`PropertyPlantAndEquipmentNet`	$27.34K	USD	Point-in-time
Total property	`PropertyPlantAndEquipmentNet`	$25.10K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Assets	`Assets`	$280.29K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Assets	`Assets`	$347.45K	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`	23.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.00M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$368.11K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.00M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$355.50K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.00M	shares	Point-in-time
Unearned subscriptions	`CommonStockSharesSubscriptions`	$27.36K	USD	Point-in-time
Unearned subscriptions	`CommonStockSharesSubscriptions`	$45.87K	USD	Point-in-time
Unearned revenue	`DeferredRevenueCurrent`	$245.00K	USD	Point-in-time
Unearned revenue	`DeferredRevenueCurrent`	-	USD	Point-in-time
Advances, related party (Note 5)	`DueToRelatedPartiesCurrent`	$45.70K	USD	Point-in-time
Advances, related party (Note 5)	`DueToRelatedPartiesCurrent`	$56.46K	USD	Point-in-time
Notes payable, short term	`LongTermDebtCurrent`	$29.57K	USD	Point-in-time
Notes payable, short term	`LongTermDebtCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$721.64K	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 March 31, 2018 and December 31, 2017, 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, 2018 and December 31, 2017, 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, 2018 and December 31, 2017, 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 March 31, 2018 and December 31, 2017, respectively	`ConvertiblePreferredStockValue`	$5.00K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized: 23,000,000 issued and outstanding at March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$23.00K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized: 23,000,000 issued and outstanding at March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$23.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.49M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.49M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.90M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.69M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-374.19K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-171.65K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$280.29K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$347.45K	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`Revenues`	$127.61K	USD	1 Quarter
Total revenues	`Revenues`	$143.29K	USD	1 Quarter
Cost of operations	`CostOfRevenue`	$167.28K	USD	1 Quarter
Cost of operations	`CostOfRevenue`	$96.28K	USD	1 Quarter
Gross margin	`GrossProfit`	$31.33K	USD	1 Quarter
Gross margin	`GrossProfit`	$-23.98K	USD	1 Quarter
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$-15.42K	USD	1 Quarter
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$28.14K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$186.12K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$192.55K	USD	1 Quarter
Depreciation	`Depreciation`	$3.11K	USD	1 Quarter
Depreciation	`Depreciation`	$1.99K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$173.81K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$222.68K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-197.79K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-191.35K	USD	1 Quarter
Interest expense	`InterestExpense`	$448.00	USD	1 Quarter
Interest expense	`InterestExpense`	$4.75K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-202.54K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-191.80K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-202.54K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-191.80K	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`	23.00M	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 44 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-202.54K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-191.80K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$4.24K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$1.99K	USD	1 Quarter
Amortization of note discount	`AmortizationOfDebtDiscountPremium`	$4.34K	USD	1 Quarter
Amortization of note discount	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.06K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-667.00	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-6.59K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$49.05K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-12.61K	USD	1 Quarter
Unearned subscriptions	`IncreaseDecreaseUnearnedSubscriptions`	$4.06K	USD	1 Quarter
Unearned subscriptions	`IncreaseDecreaseUnearnedSubscriptions`	$18.50K	USD	1 Quarter
Unearned revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	1 Quarter
Unearned revenue	`IncreaseDecreaseInDeferredRevenue`	$245.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-136.03K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$66.59K	USD	1 Quarter
Purchases of property	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.88K	USD	1 Quarter
Purchases of property	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.88K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.00K	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	$29.37K	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Repayment of notes payable	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Repayment of notes payable	`RepaymentsOfNotesPayable`	$13.32K	USD	1 Quarter
Cash advances from shareholder	`ProceedsFromRelatedPartyDebt`	$20.00K	USD	1 Quarter
Cash advances from shareholder	`ProceedsFromRelatedPartyDebt`	$18.00K	USD	1 Quarter
Cash repayments to shareholder	`RepaymentsOfRelatedPartyDebt`	$13.78K	USD	1 Quarter
Cash repayments to shareholder	`RepaymentsOfRelatedPartyDebt`	$28.77K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.28K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.22K	USD	1 Quarter
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$69.87K	USD	1 Quarter
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$-132.70K	USD	1 Quarter
Cash - beginning of period	`Cash`	$8.15K	USD	Point-in-time
Cash - beginning of period	`Cash`	$570.94K	USD	Point-in-time
Cash - beginning of period	`Cash`	$78.02K	USD	Point-in-time
Cash - beginning 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`	$570.94K	USD	Point-in-time
Cash - end of period	`Cash`	$78.02K	USD	Point-in-time
Cash - end of period	`Cash`	$703.64K	USD	Point-in-time
Cancellation of common shares	`CancellationOfCommonShares`	$2.00	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.