10-Q Filing

BLACKBOXSTOCKS INC. CIK: 1567900 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001010549-18-000306`
Period End Date	20180630
Filing Date	20180820
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	blbx-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 60 Cash Flow Statement 52

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$23.93K	USD	Point-in-time
Cash	`Cash`	$703.64K	USD	Point-in-time
Cash	`Cash`	$386.47K	USD	Point-in-time
Cash	`Cash`	$8.15K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$3.12K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$5.11K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$196.63K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$202.98K	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
Discount on notes payable (Note 6)	`DebtInstrumentUnamortizedDiscount`	-	USD	Point-in-time
Discount on notes payable (Note 6)	`DebtInstrumentUnamortizedDiscount`	$14.56K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$252.94K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$21.87K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$14.61K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$274.94K	USD	Point-in-time
Accumulated software amortization	`CapitalizedComputerSoftwareAccumulatedAmortization`	$5.06K	USD	Point-in-time
Accumulated software amortization	`CapitalizedComputerSoftwareAccumulatedAmortization`	$2.81K	USD	Point-in-time
Computer and related equipment, net of depreciation of $21,868 and $14,608 at June 30, 2018 and December 31, 2017, respectively	`ComputerAndRelatedEquipmentNet`	$21.16K	USD	Point-in-time
Computer and related equipment, net of depreciation of $21,868 and $14,608 at June 30, 2018 and December 31, 2017, respectively	`ComputerAndRelatedEquipmentNet`	$42.18K	USD	Point-in-time
Software development, net of amortization of $5,063 and $2,813 at June 30, 2018 and December 31, 2017, respectively	`CapitalizedComputerSoftwareNet`	$6.19K	USD	Point-in-time
Software development, net of amortization of $5,063 and $2,813 at June 30, 2018 and December 31, 2017, respectively	`CapitalizedComputerSoftwareNet`	$3.94K	USD	Point-in-time
Total property	`PropertyPlantAndEquipmentNet`	$46.12K	USD	Point-in-time
Total property	`PropertyPlantAndEquipmentNet`	$27.34K	USD	Point-in-time
Total Assets	`Assets`	$280.29K	USD	Point-in-time
Total Assets	`Assets`	$321.06K	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`	23.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.00M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$368.11K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$442.38K	USD	Point-in-time
Accrued salary	`AccruedSalariesCurrent`	-	USD	Point-in-time
Accrued salary	`AccruedSalariesCurrent`	$3.92K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.00M	shares	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`	$46.38K	USD	Point-in-time
Unearned revenue	`DeferredRevenueCurrent`	-	USD	Point-in-time
Unearned revenue	`DeferredRevenueCurrent`	$260.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	-	USD	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	$35.08K	USD	Point-in-time
Advances, related party (Note 5)	`DueToRelatedPartiesCurrent`	$103.24K	USD	Point-in-time
Advances, related party (Note 5)	`DueToRelatedPartiesCurrent`	$56.46K	USD	Point-in-time
Notes payable, short term	`LongTermDebtCurrent`	$42.47K	USD	Point-in-time
Notes payable, short term	`LongTermDebtCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$451.93K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$933.47K	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Notes payable, long term	`LongTermDebtNoncurrent`	$5.75K	USD	Point-in-time
Notes payable, long term	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 5,000,000 shares authorized; no shares issued and outstanding at June 30, 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 June 30, 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 June 30, 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 June 30, 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 June 30, 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 June 30, 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`	$-2.69M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.14M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-618.16K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-171.65K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$321.06K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$280.29K	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`Revenues`	$290.67K	USD	2 Qtrs
Total revenues	`Revenues`	$196.94K	USD	1 Quarter
Total revenues	`Revenues`	$147.38K	USD	1 Quarter
Total revenues	`Revenues`	$324.56K	USD	2 Qtrs
Cost of operations	`CostOfRevenue`	$318.01K	USD	2 Qtrs
Cost of operations	`CostOfRevenue`	$229.47K	USD	2 Qtrs
Cost of operations	`CostOfRevenue`	$133.19K	USD	1 Quarter
Cost of operations	`CostOfRevenue`	$150.74K	USD	1 Quarter
Gross margin	`GrossProfit`	$63.75K	USD	1 Quarter
Gross margin	`GrossProfit`	$95.09K	USD	2 Qtrs
Gross margin	`GrossProfit`	$-27.34K	USD	2 Qtrs
Gross margin	`GrossProfit`	$-3.36K	USD	1 Quarter
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$14.80K	USD	2 Qtrs
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$30.22K	USD	1 Quarter
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$204.59K	USD	1 Quarter
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$232.73K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$400.89K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$382.30K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$208.34K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$197.30K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$9.51K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$4.77K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$5.27K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.78K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$638.39K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$415.71K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$232.80K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$406.61K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-351.95K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-236.16K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-543.30K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-433.96K	USD	2 Qtrs
Interest expense	`InterestExpense`	$7.79K	USD	1 Quarter
Interest expense	`InterestExpense`	$12.54K	USD	2 Qtrs
Interest expense	`InterestExpense`	$966.00	USD	2 Qtrs
Interest expense	`InterestExpense`	$518.00	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	-	USD	2 Qtrs
Other expense	`OtherNonoperatingExpense`	$21.00	USD	2 Qtrs
Other expense	`OtherNonoperatingExpense`	-	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$21.00	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-243.98K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-544.27K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-446.52K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-352.47K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-544.27K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-446.52K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-243.98K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-352.47K	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`	23.11M	shares	2 Qtrs
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.00M	shares	1 Quarter
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.00M	shares	2 Qtrs
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 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-544.27K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-446.52K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-243.98K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-352.47K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$9.51K	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$4.77K	USD	2 Qtrs
Amortization of note discount	`AmortizationOfDebtDiscountPremium`	-	USD	2 Qtrs
Amortization of note discount	`AmortizationOfDebtDiscountPremium`	$11.60K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.09K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.99K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-6.35K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$13.96K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$136.40K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$74.27K	USD	2 Qtrs
Accrued salary	`IncreaseDecreaseInAccruedSalaries`	$-3.92K	USD	2 Qtrs
Accrued salary	`IncreaseDecreaseInAccruedSalaries`	-	USD	2 Qtrs
Unearned subscriptions	`IncreaseDecreaseUnearnedSubscriptions`	$1.80K	USD	2 Qtrs
Unearned subscriptions	`IncreaseDecreaseUnearnedSubscriptions`	$19.02K	USD	2 Qtrs
Unearned revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	2 Qtrs
Unearned revenue	`IncreaseDecreaseInDeferredRevenue`	$260.00K	USD	2 Qtrs
Unearned licensing fees	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$150.00K	USD	2 Qtrs
Unearned licensing fees	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	-	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-35.08K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-264.16K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-24.77K	USD	2 Qtrs
Purchases of property	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.02K	USD	2 Qtrs
Purchases of property	`PaymentsToAcquirePropertyPlantAndEquipment`	$19.98K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.98K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-16.02K	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$48.02K	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	$34.27K	USD	2 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	-	USD	2 Qtrs
Cash advances from shareholder	`ProceedsFromRelatedPartyDebt`	$108.00K	USD	2 Qtrs
Cash advances from shareholder	`ProceedsFromRelatedPartyDebt`	$20.00K	USD	2 Qtrs
Cash repayments to shareholder	`RepaymentsOfRelatedPartyDebt`	$61.22K	USD	2 Qtrs
Cash repayments to shareholder	`RepaymentsOfRelatedPartyDebt`	$56.99K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-36.99K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$60.53K	USD	2 Qtrs
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$15.78K	USD	2 Qtrs
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$-317.17K	USD	2 Qtrs
Cash - beginning of period	`Cash`	$23.93K	USD	Point-in-time
Cash - beginning of period	`Cash`	$703.64K	USD	Point-in-time
Cash - beginning of period	`Cash`	$386.47K	USD	Point-in-time
Cash - beginning of period	`Cash`	$8.15K	USD	Point-in-time
Cash - end of period	`Cash`	$23.93K	USD	Point-in-time
Cash - end of period	`Cash`	$703.64K	USD	Point-in-time
Cash - end of period	`Cash`	$386.47K	USD	Point-in-time
Cash - end of period	`Cash`	$8.15K	USD	Point-in-time
Acquisition of equipment in exchange for note payable	`AcquisitionOfEquipmentInExchangeForNotePayable`	$8.31K	USD	2 Qtrs
Acquisition of equipment in exchange for note payable	`AcquisitionOfEquipmentInExchangeForNotePayable`	-	USD	2 Qtrs

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