10-Q Filing

BLACKBOXSTOCKS INC. CIK: 1567900 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001010549-18-000445`
Period End Date	20180930
Filing Date	20181119
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	blbx-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 65 Cash Flow Statement 55

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$36.13K	USD	Point-in-time
Cash	`Cash`	$8.15K	USD	Point-in-time
Investments, market testing	`Investments`	-	USD	Point-in-time
Investments, market testing	`Investments`	$524.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$7.46K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$5.11K	USD	Point-in-time
Advances, related party	`AdvancePaymentsNettedAgainstClaimReceivable`	$-1.50K	USD	Point-in-time
Advances, related party	`AdvancePaymentsNettedAgainstClaimReceivable`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$202.98K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$24.84K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$186.30K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$14.61K	USD	Point-in-time
Accumulated domain name amortization	`AccumulatedDomainNameAmortization`	-	USD	Point-in-time
Accumulated domain name amortization	`AccumulatedDomainNameAmortization`	$2.39K	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 software amortization	`CapitalizedComputerSoftwareAccumulatedAmortization`	$2.81K	USD	Point-in-time
Discount on notes payable (Note 6)	`DebtInstrumentUnamortizedDiscount`	-	USD	Point-in-time
Discount on notes payable (Note 6)	`DebtInstrumentUnamortizedDiscount`	$5.74K	USD	Point-in-time
Accumulated software amortization	`CapitalizedComputerSoftwareAccumulatedAmortization`	$6.19K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$252.94K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$274.35K	USD	Point-in-time
Office, Computer and related equipment, net of depreciation of $24,837 and $14,608 at September 30, 2018 and December 31, 2017, respectively	`ComputerAndRelatedEquipmentNet`	$21.16K	USD	Point-in-time
Office, Computer and related equipment, net of depreciation of $24,837 and $14,608 at September 30, 2018 and December 31, 2017, respectively	`ComputerAndRelatedEquipmentNet`	$22.73K	USD	Point-in-time
Domain name, net of amortization of $2,388 and $0 at September 30, 2018 and December 31, 2017, respectively	`DomainName`	$14.80K	USD	Point-in-time
Software development, net of amortization of $6,188 and $2,813 at September 30, 2018 and December 31, 2017, respectively	`CapitalizedComputerSoftwareNet`	$6.19K	USD	Point-in-time
Software development, net of amortization of $6,188 and $2,813 at September 30, 2018 and December 31, 2017, respectively	`CapitalizedComputerSoftwareNet`	$2.81K	USD	Point-in-time
Total property	`PropertyPlantAndEquipmentNet`	$27.34K	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
Total property	`PropertyPlantAndEquipmentNet`	$40.34K	USD	Point-in-time
Total Assets	`Assets`	$314.69K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.00M	shares	Point-in-time
Total Assets	`Assets`	$280.29K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.02M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.00M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.02M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$555.12K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$368.11K	USD	Point-in-time
Accrued salary	`AccruedSalariesCurrent`	-	USD	Point-in-time
Accrued salary	`AccruedSalariesCurrent`	$4.12K	USD	Point-in-time
Accrued Interest	`UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued`	$3.53K	USD	Point-in-time
Unearned subscriptions	`CommonStockSharesSubscriptions`	$27.36K	USD	Point-in-time
Unearned subscriptions	`CommonStockSharesSubscriptions`	$96.55K	USD	Point-in-time
Unearned revenue	`DeferredRevenueCurrent`	-	USD	Point-in-time
Unearned revenue	`DeferredRevenueCurrent`	$261.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	$35.06K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	-	USD	Point-in-time
Advances, related party (Note 5)	`DueToRelatedPartiesCurrent`	$56.46K	USD	Point-in-time
Advances, related party (Note 5)	`DueToRelatedPartiesCurrent`	$79.39K	USD	Point-in-time
Notes payable, short term (Note 6)	`LongTermDebtCurrent`	$221.88K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$451.93K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.26M	USD	Point-in-time
Notes payable, long term	`LongTermDebtNoncurrent`	$5.10K	USD	Point-in-time
Notes payable, long term	`LongTermDebtNoncurrent`	-	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, 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 September 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: 23,022,000 issued and outstanding at September 30, 2018 23,000,000 and December 31, 2017, respectively	`CommonStockValue`	$23.02K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized: 23,022,000 issued and outstanding at September 30, 2018 23,000,000 and December 31, 2017, respectively	`CommonStockValue`	$23.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.52M	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`	$-3.49M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-947.06K	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`	$314.69K	USD	Point-in-time

Income Statement 65 line items

Line Item	Tag	Value	Unit	Period
Subscriptions	`Subscriptions`	$478.85K	USD	3 Qtrs
Subscriptions	`Subscriptions`	$188.18K	USD	1 Quarter
Subscriptions	`Subscriptions`	$84.28K	USD	1 Quarter
Subscriptions	`Subscriptions`	$308.84K	USD	3 Qtrs
Licensing	`LicenseAndServicesRevenue`	-	USD	1 Quarter
Licensing	`LicenseAndServicesRevenue`	$400.00K	USD	3 Qtrs
Licensing	`LicenseAndServicesRevenue`	-	USD	3 Qtrs
Licensing	`LicenseAndServicesRevenue`	$300.00K	USD	1 Quarter
Comissions	`Comissions`	$2.00K	USD	3 Qtrs
Comissions	`Comissions`	$2.00K	USD	1 Quarter
Cost of operations	`CostOfRevenue`	$163.07K	USD	1 Quarter
Cost of operations	`CostOfRevenue`	$156.37K	USD	1 Quarter
Cost of operations	`CostOfRevenue`	$474.38K	USD	3 Qtrs
Cost of operations	`CostOfRevenue`	$392.54K	USD	3 Qtrs
Gross margin	`GrossProfit`	$316.29K	USD	3 Qtrs
Gross margin	`GrossProfit`	$33.81K	USD	1 Quarter
Gross margin	`GrossProfit`	$221.21K	USD	1 Quarter
Gross margin	`GrossProfit`	$6.47K	USD	3 Qtrs
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$355.24K	USD	3 Qtrs
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$122.52K	USD	1 Quarter
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$47.03K	USD	3 Qtrs
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$32.23K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$715.29K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$310.07K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$332.99K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$710.97K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$15.99K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$3.49K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$8.26K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$6.48K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$778.32K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$436.08K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.07M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$371.70K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-758.17K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-214.87K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-337.89K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-771.85K	USD	3 Qtrs
Interest expense	`InterestExpense`	$320.00	USD	1 Quarter
Interest expense	`InterestExpense`	$13.03K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.29K	USD	3 Qtrs
Interest expense	`InterestExpense`	$25.57K	USD	3 Qtrs
Other expense	`OtherNonoperatingExpense`	$21.00	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	-	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	-	USD	3 Qtrs
Other expense	`OtherNonoperatingExpense`	-	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-350.90K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-215.19K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-797.42K	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$-759.46K	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-215.19K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-797.42K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-759.46K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-350.90K	USD	1 Quarter
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.00M	shares	3 Qtrs
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
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.11M	shares	3 Qtrs
Net loss per share - basic	`EarningsPerShareBasic`	$-0.03	USD	3 Qtrs
Net loss per share - basic	`EarningsPerShareBasic`	$-0.03	USD	3 Qtrs
Net loss per share - basic	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Net loss per share - basic	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-215.19K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-797.42K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-759.46K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-350.90K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$15.99K	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$8.26K	USD	3 Qtrs
Amortization of note discount	`AmortizationOfDebtDiscountPremium`	-	USD	3 Qtrs
Amortization of note discount	`AmortizationOfDebtDiscountPremium`	$20.42K	USD	3 Qtrs
Shares issued in exchange for services	`SharesIssuedinExhangeforServices`	-	shares	3 Qtrs
Shares issued in exchange for services	`SharesIssuedinExhangeforServices`	96,250.00	shares	3 Qtrs
Investments, trading	`PaymentsToAcquireTradingSecuritiesHeldforinvestment`	$-524.00	USD	3 Qtrs
Investments, trading	`PaymentsToAcquireTradingSecuritiesHeldforinvestment`	$-931.00	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-767.00	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.35K	USD	3 Qtrs
Advances, related party	`ProceedsFromRelatedPartyDebt`	$-1.50K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-222.18K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-16.68K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$187.01K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$370.21K	USD	3 Qtrs
Accrued salary	`IncreaseDecreaseInAccruedSalaries`	-	USD	3 Qtrs
Accrued salary	`IncreaseDecreaseInAccruedSalaries`	$-4.12K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	-	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$3.53K	USD	3 Qtrs
Unearned subscriptions	`IncreaseDecreaseUnearnedSubscriptions`	$8.68K	USD	3 Qtrs
Unearned subscriptions	`IncreaseDecreaseUnearnedSubscriptions`	$69.19K	USD	3 Qtrs
Unearned revenue	`IncreaseDecreaseInDeferredRevenue`	$261.00K	USD	3 Qtrs
Unearned revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-35.06K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	-	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-498.41K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-188.78K	USD	3 Qtrs
Purchases of property	`PaymentsToAcquirePropertyPlantAndEquipment`	$20.68K	USD	3 Qtrs
Purchases of property	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.61K	USD	3 Qtrs
Cash repayments to shareholder	`ProceedsFromRepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths`	$-95.70K	USD	3 Qtrs
Cash repayments to shareholder	`ProceedsFromRepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths`	$-99.07K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$2.25K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-41.32K	USD	3 Qtrs
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	$22.00K	USD	3 Qtrs
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$248.01K	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	-	USD	3 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	$55.51K	USD	3 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	-	USD	3 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$214.51K	USD	3 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$-539.73K	USD	3 Qtrs
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$27.97K	USD	3 Qtrs
Cash - beginning of period	`Cash`	$36.13K	USD	Point-in-time
Cash - beginning of period	`Cash`	$8.15K	USD	Point-in-time
Cash - end of period	`Cash`	$36.13K	USD	Point-in-time
Cash - end of period	`Cash`	$8.15K	USD	Point-in-time
Acquisition of equipment in exchange for note payable	`AcquisitionOfEquipmentInExchangeForNotePayable`	-	USD	3 Qtrs
Acquisition of equipment in exchange for note payable	`AcquisitionOfEquipmentInExchangeForNotePayable`	$8.31K	USD	3 Qtrs
Cancellation of common shares	`PaymentsForRepurchaseOfCommonStock`	$67.50K	USD	3 Qtrs
Cancellation of common shares	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs

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