10-Q Filing

BLACKBOXSTOCKS INC. CIK: 1567900 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001010549-19-000134`
Period End Date	20190331
Filing Date	20190520
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	blbx-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 33 Cash Flow Statement 53 Stockholders Equity 21

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$24.65K	USD	Point-in-time
Cash	`Cash`	$28.00K	USD	Point-in-time
Cash	`Cash`	$8.15K	USD	Point-in-time
Cash	`Cash`	$78.02K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $68,589 at March 31, 2019 and December 31, 2018, respectively	`AccountsReceivableNet`	$3.72K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $68,589 at March 31, 2019 and December 31, 2018, respectively	`AccountsReceivableNet`	$6.72K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$107.65K	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`	$175.71K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$176.07K	USD	Point-in-time
Office, computer and related equipment, net of depreciation of $31,477 and $28,802 at March 31, 2019 and December 31, 2018, respectively	`ComputerAndRelatedEquipmentNet`	$18.76K	USD	Point-in-time
Office, computer and related equipment, net of depreciation of $31,477 and $28,802 at March 31, 2019 and December 31, 2018, respectively	`ComputerAndRelatedEquipmentNet`	$16.09K	USD	Point-in-time
Domain name, net of amortization of $5,253 and $3,821 at March 31, 2019 and December 31, 2018, respectively	`DomainName`	$13.37K	USD	Point-in-time
Domain name, net of amortization of $5,253 and $3,821 at March 31, 2019 and December 31, 2018, respectively	`DomainName`	$11.94K	USD	Point-in-time
Software development, net of amortization of $8,437 and $7,312 at March 31, 2019 and December 31, 2018, respectively	`CapitalizedComputerSoftwareNet`	$1.69K	USD	Point-in-time
Net of allowance of doubtful accounts	`AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables`	$68.59K	USD	Point-in-time
Net of allowance of doubtful accounts	`AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables`	$68.59K	USD	Point-in-time
Software development, net of amortization of $8,437 and $7,312 at March 31, 2019 and December 31, 2018, respectively	`CapitalizedComputerSoftwareNet`	$562.00	USD	Point-in-time
Right of use lease, net of amortization of $7,445 at March 31, 2019	`FinanceLeaseRightOfUseAsset`	-	USD	Point-in-time
Right of use lease, net of amortization of $7,445 at March 31, 2019	`FinanceLeaseRightOfUseAsset`	$152.63K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$31.48K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$28.80K	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`	$5.25K	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentNet`	$181.22K	USD	Point-in-time
Total Assets	`Assets`	$356.93K	USD	Point-in-time
Accumulated software amortization	`CapitalizedComputerSoftwareAccumulatedAmortization`	$8.44K	USD	Point-in-time
Accumulated software amortization	`CapitalizedComputerSoftwareAccumulatedAmortization`	$7.31K	USD	Point-in-time
Total Assets	`Assets`	$209.89K	USD	Point-in-time
Right of use lease	`RightofUseLease`	-	USD	Point-in-time
Right of use lease	`RightofUseLease`	$7.45K	USD	Point-in-time
Note discount	`NotesAndLoansReceivableNetCurrent`	$31.48K	USD	Point-in-time
Note discount	`NotesAndLoansReceivableNetCurrent`	$25.43K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$525.14K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$603.99K	USD	Point-in-time
Accrued expenses	`OtherAccruedLiabilitiesCurrent`	$128.00K	USD	Point-in-time
Accrued expenses	`OtherAccruedLiabilitiesCurrent`	$128.00K	USD	Point-in-time
Accrued interest	`UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued`	$4.50K	USD	Point-in-time
Accrued interest	`UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued`	$834.00	USD	Point-in-time
Accrued interest, related party	`UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccruedRelatedParties`	$5.68K	USD	Point-in-time
Accrued interest, related party	`UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccruedRelatedParties`	$2.08K	USD	Point-in-time
Unearned subscriptions	`DeferredRevenueCurrent`	$90.03K	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
Unearned subscriptions	`DeferredRevenueCurrent`	$94.69K	USD	Point-in-time
Lease liability right of use, current	`LeaseRightofUseLiabilityCurrent`	-	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
Lease liability right of use, current	`LeaseRightofUseLiabilityCurrent`	$44.66K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.12M	shares	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	$180.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.12M	shares	Point-in-time
Other liabilities	`OtherLiabilitiesCurrent`	$180.00K	USD	Point-in-time
Advances, related party (Note 5)	`DueToRelatedPartiesCurrent`	$69.22K	USD	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 $31,484 and $25,435 at March 31, 2019 and December 31, 2018, respectively (Note 6)	`ConvertibleNotesPayableCurrent`	$165.89K	USD	Point-in-time
Notes payable, net of note discount of $31,484 and $25,435 at March 31, 2019 and December 31, 2018, respectively (Note 6)	`ConvertibleNotesPayableCurrent`	$235.19K	USD	Point-in-time
Notes payable, related party (Note 7)	`ConvertibleNotesPayableCurrentRelatedParty`	$228.00K	USD	Point-in-time
Notes payable, related party (Note 7)	`ConvertibleNotesPayableCurrentRelatedParty`	$228.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.36M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.59M	USD	Point-in-time
Lease liability right of use, long term	`LeaseRightofUseLiabilityLongTerm`	-	USD	Point-in-time
Lease liability right of use, long term	`LeaseRightofUseLiabilityLongTerm`	$107.96K	USD	Point-in-time
Preferred stock, $0.001 par value, 5,000,000 shares authorized; no shares issued and outstanding at March 31, 2019 and December 31, 2018, 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, 2019 and December 31, 2018, 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, 2019 and December 31, 2018, 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, 2019 and December 31, 2018, respectively	`ConvertiblePreferredStockValue`	$5.00K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized: 23,115,500 and 23,033,000 issued and outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$23.12K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized: 23,115,500 and 23,033,000 issued and outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$23.03K	USD	Point-in-time
Common stock, subscribed	`CommonStockSharesSubscribedButUnissued`	75,060.00	shares	Point-in-time
Common stock, subscribed	`CommonStockSharesSubscribedButUnissued`	144,060.00	shares	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.53M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.61M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.85M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.05M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-171.65K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.34M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.15M	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$356.93K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$209.89K	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
Subscriptions	`Subscriptions`	$220.00K	USD	1 Quarter
Subscriptions	`Subscriptions`	$143.29K	USD	1 Quarter
Other revenues	`OtherIncome`	-	USD	1 Quarter
Other revenues	`OtherIncome`	$6.35K	USD	1 Quarter
Total revenues	`Revenues`	$226.35K	USD	1 Quarter
Total revenues	`Revenues`	$143.29K	USD	1 Quarter
Cost of operations	`CostOfRevenue`	$167.28K	USD	1 Quarter
Cost of operations	`CostOfRevenue`	$161.32K	USD	1 Quarter
Gross margin	`GrossProfit`	$65.03K	USD	1 Quarter
Gross margin	`GrossProfit`	$-23.98K	USD	1 Quarter
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$-15.42K	USD	1 Quarter
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$21.98K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$227.88K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$186.12K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.11K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$5.23K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$173.81K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$255.10K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-190.06K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-197.79K	USD	1 Quarter
Interest expense	`InterestExpense`	$4.75K	USD	1 Quarter
Interest expense	`InterestExpense`	$18.44K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-202.54K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-208.50K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.15M	USD	Annual
Net loss	`NetIncomeLoss`	$-202.54K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-208.50K	USD	1 Quarter
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.07M	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 53 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.15M	USD	Annual
Net loss	`NetIncomeLoss`	$-202.54K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-208.50K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$4.24K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$5.23K	USD	1 Quarter
Amortization of note discount	`AmortizationOfDebtDiscountPremium`	$10.40K	USD	1 Quarter
Amortization of note discount	`AmortizationOfDebtDiscountPremium`	$4.34K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.06K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$6.59K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-12.61K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$78.85K	USD	1 Quarter
Accrued interest	`DebtInstrumentIncreaseAccruedInterest`	-	USD	1 Quarter
Accrued interest	`DebtInstrumentIncreaseAccruedInterest`	$3.67K	USD	1 Quarter
Accrued interest, related party	`DebtInstrumentIncreaseAccruedInterestRelatedParty`	$3.60K	USD	1 Quarter
Accrued interest, related party	`DebtInstrumentIncreaseAccruedInterestRelatedParty`	-	USD	1 Quarter
Unearned subscriptions	`IncreaseDecreaseUnearnedSubscriptions`	$18.50K	USD	1 Quarter
Unearned subscriptions	`IncreaseDecreaseUnearnedSubscriptions`	$4.66K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	-	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-245.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-105.09K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$66.59K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.00K	USD	1 Quarter
Common stock subscribed	`CommonStockSubscribed`	10,000.00	shares	1 Quarter
Common stock subscribed	`CommonStockSubscribed`	-	shares	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	$88.75K	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	$29.37K	USD	1 Quarter
Repayment of notes payable	`RepaymentsOfNotesPayable`	$29.86K	USD	1 Quarter
Repayment of notes payable	`RepaymentsOfNotesPayable`	$13.32K	USD	1 Quarter
Cash advances from related party	`ProceedsFromRelatedPartyDebt`	$61.43K	USD	1 Quarter
Cash advances from related party	`ProceedsFromRelatedPartyDebt`	$18.00K	USD	1 Quarter
Cash repayments to related party	`RepaymentsOfRelatedPartyDebt`	$28.59K	USD	1 Quarter
Cash repayments to related party	`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`	$101.74K	USD	1 Quarter
Net increase(decrease) in cash	`CashPeriodIncreaseDecrease`	$69.87K	USD	1 Quarter
Net increase(decrease) in cash	`CashPeriodIncreaseDecrease`	$-3.35K	USD	1 Quarter
Cash - beginning of period	`Cash`	$24.65K	USD	Point-in-time
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`	$78.02K	USD	Point-in-time
Cash - end of period	`Cash`	$24.65K	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`	$78.02K	USD	Point-in-time
Discount on notes payable	`PaymentsToAcquireNotesReceivable`	$16.45K	USD	1 Quarter
Discount on notes payable	`PaymentsToAcquireNotesReceivable`	-	USD	1 Quarter
Lease, right of use and liability	`LeaseRightofUseLiability`	$160.07K	USD	1 Quarter
Lease, right of use and liability	`LeaseRightofUseLiability`	-	USD	1 Quarter

Stockholders Equity 21 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`	$-171.65K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.34M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.15M	USD	Point-in-time
Issuance of shares in exchange for cash, shares	`StockIssuedDuringPeriodSharesNewIssues`	82,500.00	shares	1 Quarter
Issuance of shares in exchange for cash, shares	`StockIssuedDuringPeriodSharesNewIssues`	33,000.00	shares	Annual
Issuance of shares in exchange for cash, value	`StockIssuedDuringPeriodValueNewIssues`	$72.50K	USD	1 Quarter
Issuance of shares in exchange for cash, value	`StockIssuedDuringPeriodValueNewIssues`	$33.00K	USD	Annual
Common stock share, subscribed	`CommonStockShareSubscribed`	144,060.00	shares	Annual
Common stock share, subscribed	`CommonStockShareSubscribed`	10,000.00	shares	1 Quarter
Net loss	`NetIncomeLoss`	$-1.15M	USD	Annual
Net loss	`NetIncomeLoss`	$-202.54K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-208.50K	USD	1 Quarter
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`	$-171.65K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.34M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.15M	USD	Point-in-time

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