10-K Filing

BLACKBOXSTOCKS INC. CIK: 1567900 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001010549-19-000088`
Period End Date	20181231
Filing Date	20190419
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	blbx-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 36 Cash Flow Statement 58 Stockholders Equity 18

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$28.00K	USD	Point-in-time
Cash	`Cash`	$8.15K	USD	Point-in-time
Cash	`Cash`	$703.64K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $68,589 and $0 at December 31, 2018 and 2017, respectively	`AccountsReceivableNet`	$3.72K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $68,589 and $0 at December 31, 2018 and 2017, respectively	`AccountsReceivableNet`	$5.11K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$202.98K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$107.65K	USD	Point-in-time
Prepaid expenses, related party (Note 5)	`OtherPrepaidExpenseCurrent`	$36.70K	USD	Point-in-time
Prepaid expenses, related party (Note 5)	`OtherPrepaidExpenseCurrent`	$36.70K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$252.94K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$176.07K	USD	Point-in-time
Office, computer and related equipment, net of depreciation of $28,802 and $14,608 at December 31, 2018 and 2017, respectively	`ComputerAndRelatedEquipmentNet`	$21.16K	USD	Point-in-time
Office, computer and related equipment, net of depreciation of $28,802 and $14,608 at December 31, 2018 and 2017, respectively	`ComputerAndRelatedEquipmentNet`	$18.76K	USD	Point-in-time
Domain name, net of amortization of $3,821 and $0 at December 31, 2018 and 2017, respectively	`DomainName`	-	USD	Point-in-time
Domain name, net of amortization of $3,821 and $0 at December 31, 2018 and 2017, respectively	`DomainName`	$13.37K	USD	Point-in-time
Software development, net of amortization of $7,312 and $2,813 at December 31, 2018 and 2017, respectively	`CapitalizedComputerSoftwareNet`	$6.19K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$28.80K	USD	Point-in-time
Software development, net of amortization of $7,312 and $2,813 at December 31, 2018 and 2017, respectively	`CapitalizedComputerSoftwareNet`	$1.69K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$14.61K	USD	Point-in-time
Accumulated domain name amortization	`AccumulatedDomainNameAmortization`	$3.82K	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentNet`	$33.82K	USD	Point-in-time
Accumulated domain name amortization	`AccumulatedDomainNameAmortization`	-	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentNet`	$27.34K	USD	Point-in-time
Accumulated software amortization	`CapitalizedComputerSoftwareAccumulatedAmortization`	$7.31K	USD	Point-in-time
Total Assets	`Assets`	$280.29K	USD	Point-in-time
Accumulated software amortization	`CapitalizedComputerSoftwareAccumulatedAmortization`	$2.81K	USD	Point-in-time
Total Assets	`Assets`	$209.89K	USD	Point-in-time
Note discount	`NotesAndLoansReceivableNetCurrent`	$25.43K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$368.11K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$525.14K	USD	Point-in-time
Accrued expenses	`OtherAccruedLiabilitiesCurrent`	$128.00K	USD	Point-in-time
Accrued expenses	`OtherAccruedLiabilitiesCurrent`	-	USD	Point-in-time
Accrued interest	`UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued`	-	USD	Point-in-time
Accrued interest	`UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued`	$834.00	USD	Point-in-time
Accrued interest, related party	`UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccruedRelatedParties`	$2.08K	USD	Point-in-time
Accrued interest, related party	`UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccruedRelatedParties`	-	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
Unearned subscriptions	`DeferredRevenueCurrent`	$27.36K	USD	Point-in-time
Unearned subscriptions	`DeferredRevenueCurrent`	$90.03K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.03M	shares	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	$180.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	-	USD	Point-in-time
Advances, related party (Note 5)	`DueToRelatedPartiesCurrent`	$56.46K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.00M	shares	Point-in-time
Advances, related party (Note 5)	`DueToRelatedPartiesCurrent`	$36.38K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.03M	shares	Point-in-time
Notes payable, net of note discount of $25,435 at December 31, 2018 (Note 6)	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Notes payable, net of note discount of $25,435 at December 31, 2018 (Note 6)	`ConvertibleNotesPayableCurrent`	$165.89K	USD	Point-in-time
Notes payable, related party (Note 7)	`ConvertibleNotesPayableCurrentRelatedParty`	$228.00K	USD	Point-in-time
Notes payable, related party (Note 7)	`ConvertibleNotesPayableCurrentRelatedParty`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.36M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$451.93K	USD	Point-in-time
Preferred stock, $0.001 par value, 5,000,000 shares authorized; no shares issued and outstanding at December 31, 2018 and 2017, 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, 2018 and 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 December 31, 2018 and 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 December 31, 2018 and 2017, respectively	`ConvertiblePreferredStockValue`	$5.00K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized: 23,033,000 and 23,000,000 issued and outstanding at December 31, 2018 and 2017, respectively	`CommonStockValue`	$23.03K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized: 23,033,000 and 23,000,000 issued and outstanding at December 31, 2018 and 2017, respectively	`CommonStockValue`	$23.00K	USD	Point-in-time
Common stock, subscribed	`CommonStockSharesSubscribedButUnissued`	144,060.00	shares	Point-in-time
Common stock, subscribed	`CommonStockSharesSubscribedButUnissued`	-	shares	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.53M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.49M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.85M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.69M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.15M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-171.65K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$947.60K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$209.89K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$280.29K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Subscriptions	`Subscriptions`	$410.70K	USD	Annual
Subscriptions	`Subscriptions`	$687.65K	USD	Annual
Licensing	`Licensing`	$500.00K	USD	Annual
Licensing	`Licensing`	-	USD	Annual
Other revenues	`OtherIncome`	-	USD	Annual
Other revenues	`OtherIncome`	$5.15K	USD	Annual
Total revenues	`Revenues`	$692.80K	USD	Annual
Total revenues	`Revenues`	$910.71K	USD	Annual
Cost of operations	`CostOfRevenue`	$542.14K	USD	Annual
Cost of operations	`CostOfRevenue`	$645.32K	USD	Annual
Gross margin	`GrossProfit`	$368.56K	USD	Annual
Gross margin	`GrossProfit`	$47.48K	USD	Annual
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$505.14K	USD	Annual
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$198.43K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$933.28K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.11M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$22.51K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$12.09K	USD	Annual
Total operating expenses	`OperatingExpenses`	$1.15M	USD	Annual
Total operating expenses	`OperatingExpenses`	$1.63M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-1.11M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-1.26M	USD	Annual
Interest expense	`InterestExpense`	$1.73K	USD	Annual
Interest expense	`InterestExpense`	$45.14K	USD	Annual
Other expense	`OtherExpenses`	-	USD	Annual
Other expense	`OtherExpenses`	-	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-1.15M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-1.26M	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-1.15M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.26M	USD	Annual
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.08M	shares	Annual
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.01M	shares	Annual
Net loss per share - basic	`EarningsPerShareBasic`	$-0.05	USD	Annual
Net loss per share - basic	`EarningsPerShareBasic`	$-0.05	USD	Annual

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.15M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.26M	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$22.51K	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$12.09K	USD	Annual
Amortization of note discount	`AmortizationOfDebtDiscountPremium`	-	USD	Annual
Amortization of note discount	`AmortizationOfDebtDiscountPremium`	$29.76K	USD	Annual
Shares issued in exchange for services	`SharesIssuedinExhangeforServices`	-	shares	Annual
Shares issued in exchange for services	`SharesIssuedinExhangeforServices`	222,500.00	shares	Annual
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease`	-	USD	Annual
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease`	$68.59K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.54K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$67.20K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$95.33K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$33.32K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$295.83K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$157.03K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	-	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$128.00K	USD	Annual
Accrued interest	`DebtInstrumentIncreaseAccruedInterest`	$834.00	USD	Annual
Accrued interest	`DebtInstrumentIncreaseAccruedInterest`	-	USD	Annual
Accrued interest, related party	`DebtInstrumentIncreaseAccruedInterestRelatedParty`	$2.08K	USD	Annual
Accrued interest, related party	`DebtInstrumentIncreaseAccruedInterestRelatedParty`	-	USD	Annual
Unearned subscriptions	`IncreaseDecreaseUnearnedSubscriptions`	$62.67K	USD	Annual
Unearned subscriptions	`IncreaseDecreaseUnearnedSubscriptions`	$9.68K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	-	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-180.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-472.27K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-691.87K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$28.99K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.76K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-28.99K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.76K	USD	Annual
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	$33.00K	USD	Annual
Common stock subscribed	`CommonStockSubscribed`	144,060.00	shares	Annual
Common stock subscribed	`CommonStockSubscribed`	-	shares	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	$330.13K	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	-	USD	Annual
Repayment of notes payable	`RepaymentsOfNotesPayable`	$194.00K	USD	Annual
Repayment of notes payable	`RepaymentsOfNotesPayable`	-	USD	Annual
Proceeds from notes payable, related party	`RepaymentsOfNotesPayableRelatedParty`	-	USD	Annual
Proceeds from notes payable, related party	`RepaymentsOfNotesPayableRelatedParty`	$228.00K	USD	Annual
Cash advances from related party	`ProceedsFromRelatedPartyDebt`	$126.00K	USD	Annual
Cash advances from related party	`ProceedsFromRelatedPartyDebt`	$135.23K	USD	Annual
Cash repayments to related party	`RepaymentsOfRelatedPartyDebt`	$116.07K	USD	Annual
Cash repayments to related party	`RepaymentsOfRelatedPartyDebt`	$146.08K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$19.15K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$521.11K	USD	Annual
Net increase(decrease) in cash	`CashPeriodIncreaseDecrease`	$19.85K	USD	Annual
Net increase(decrease) in cash	`CashPeriodIncreaseDecrease`	$-695.48K	USD	Annual
Cash - beginning of period	`Cash`	$28.00K	USD	Point-in-time
Cash - beginning of period	`Cash`	$8.15K	USD	Point-in-time
Cash - beginning of period	`Cash`	$703.64K	USD	Point-in-time
Cash - end of period	`Cash`	$28.00K	USD	Point-in-time
Cash - end of period	`Cash`	$8.15K	USD	Point-in-time
Cash - end of period	`Cash`	$703.64K	USD	Point-in-time
Cancellation of common shares	`PaymentsForRepurchaseOfCommonStock`	$80.00K	USD	Annual
Cancellation of common shares	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, shares	`SharesOutstanding`	-	shares	Point-in-time
Beginning balance, shares	`SharesOutstanding`	-	shares	Point-in-time
Beginning balance, shares	`SharesOutstanding`	-	shares	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.15M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-171.65K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$947.60K	USD	Point-in-time
Issuance of shares in exchange for cash, value	`StockIssuedDuringPeriodValueNewIssues`	-	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
Common stock share, subscribed	`CommonStockShareSubscribed`	-	shares	Annual
Net loss	`NetIncomeLoss`	$-1.15M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.26M	USD	Annual
Ending balance, shares	`SharesOutstanding`	-	shares	Point-in-time
Ending balance, shares	`SharesOutstanding`	-	shares	Point-in-time
Ending balance, shares	`SharesOutstanding`	-	shares	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.15M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-171.65K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$947.60K	USD	Point-in-time

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