10-K Filing

BLACKBOXSTOCKS INC. CIK: 1567900 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001437749-23-010333`
Period End Date	20221231
Filing Date	20230414
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	blkbx20221231_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 38 Cash Flow Statement 72 Stockholders Equity 23

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$2.43M	USD	Point-in-time
Cash	`Cash`	$425.58K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $68,589 at December 31, 2022 and 2021, respectively	`AccountsReceivableNetCurrent`	$59.61K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $68,589 at December 31, 2022 and 2021, respectively	`AccountsReceivableNetCurrent`	$18.59K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$68.59K	USD	Point-in-time
Inventory	`InventoryNet`	$15.46K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$68.59K	USD	Point-in-time
Inventory	`InventoryNet`	$13.57K	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	-	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$3.22M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$8.02M	USD	Point-in-time
Right of use lease, amortization	`LeaseRightOfUseAssetAccumulatedAmortization`	$213.46K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpensesAndOtherCurrentAssets`	$227.44K	USD	Point-in-time
Right of use lease, amortization	`LeaseRightOfUseAssetAccumulatedAmortization`	$150.83K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpensesAndOtherCurrentAssets`	$190.12K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$10.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.91M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Right of use lease, net of amortization of $213,459 and $150,829 at December 31, 2022 and 2021, respectively	`LeaseRightofuseAsset`	$335.64K	USD	Point-in-time
Right of use lease, net of amortization of $213,459 and $150,829 at December 31, 2022 and 2021, respectively	`LeaseRightofuseAsset`	$398.27K	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentRightOfUseLeaseAssetsAndFinitedLivedIntangibleAssets`	$428.73K	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentRightOfUseLeaseAssetsAndFinitedLivedIntangibleAssets`	$448.14K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total assets	`Assets`	$4.34M	USD	Point-in-time
Total assets	`Assets`	$11.15M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$585.62K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$730.10K	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	13.19M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	13.10M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	13.10M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	13.19M	shares	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.61K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$6.54K	USD	Point-in-time
Unearned subscriptions	`DeferredRevenueCurrent`	$1.02M	USD	Point-in-time
Unearned subscriptions	`DeferredRevenueCurrent`	$1.30M	USD	Point-in-time
Lease liability right of use, current	`OperatingLeaseLiabilityCurrent`	$62.63K	USD	Point-in-time
Lease liability right of use, current	`OperatingLeaseLiabilityCurrent`	$70.00K	USD	Point-in-time
Senior secured note payable, net of debt issuance costs of $-0- and $46,597 at December 31, 2022 and 2021, respectively (Note 8)	`SeniorNotesCurrent`	$943.40K	USD	Point-in-time
Senior secured note payable, net of debt issuance costs of $-0- and $46,597 at December 31, 2022 and 2021, respectively (Note 8)	`SeniorNotesCurrent`	-	USD	Point-in-time
Note payable, current portion (Note 8)	`NonconvertibleNotesPayableCurrent`	$28.45K	USD	Point-in-time
Note payable, current portion (Note 8)	`NonconvertibleNotesPayableCurrent`	$28.73K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.85M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.93M	USD	Point-in-time
Note payable (Note 8)	`NotesPayableRelatedPartiesNoncurrent`	$39.61K	USD	Point-in-time
Note payable (Note 8)	`NotesPayableRelatedPartiesNoncurrent`	$68.35K	USD	Point-in-time
Lease liability right of use, long term	`OperatingLeaseLiabilityNoncurrent`	$265.64K	USD	Point-in-time
Lease liability right of use, long term	`OperatingLeaseLiabilityNoncurrent`	$335.64K	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$403.99K	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$305.25K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized: 13,191,707 and 13,099,272 issued and outstanding at December 31, 2022 and 2021, respectively	`CommonStockValue`	$13.10K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized: 13,191,707 and 13,099,272 issued and outstanding at December 31, 2022 and 2021, respectively	`CommonStockValue`	$13.19K	USD	Point-in-time
Common stock payable	`CommonStockPayable`	$15.00K	USD	Point-in-time
Common stock payable	`CommonStockPayable`	$23.34K	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	-	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$1.10M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$18.06M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$17.59M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.82M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$7.82M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.18M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-1.76M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$4.34M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$11.15M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Subscriptions	`RevenueFromContractWithCustomerIncludingAssessedTax`	$4.96M	USD	Annual
Subscriptions	`RevenueFromContractWithCustomerIncludingAssessedTax`	$6.11M	USD	Annual
Cost of revenues	`CostOfRevenue`	$2.08M	USD	Annual
Cost of revenues	`CostOfRevenue`	$1.85M	USD	Annual
Gross margin	`GrossProfit`	$4.26M	USD	Annual
Gross margin	`GrossProfit`	$2.88M	USD	Annual
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$642.87K	USD	Annual
Software development costs	`ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost`	$1.20M	USD	Annual
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$4.63M	USD	Annual
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$4.73M	USD	Annual
Advertising and marketing	`MarketingAndAdvertisingExpense`	$1.25M	USD	Annual
Advertising and marketing	`MarketingAndAdvertisingExpense`	$1.47M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$22.73K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$19.72K	USD	Annual
Total operating expenses	`OperatingExpenses`	$7.42M	USD	Annual
Total operating expenses	`OperatingExpenses`	$6.54M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-2.28M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-4.55M	USD	Annual
Interest expense	`InterestExpenseDebtExcludingAmortization`	$135.49K	USD	Annual
Interest expense	`InterestExpenseDebtExcludingAmortization`	$98.54K	USD	Annual
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$46.60K	USD	Annual
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$247.52K	USD	Annual
Gain on forgiveness of note payable	`GainsLossesOnExtinguishmentOfDebt`	$33.41K	USD	Annual
Gain on forgiveness of note payable	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Investment (income) loss	`NetInvestmentIncome`	$11.71K	USD	Annual
Investment (income) loss	`NetInvestmentIncome`	$-328.72K	USD	Annual
Total other (income) expense	`NonoperatingIncomeExpense`	$-337.90K	USD	Annual
Total other (income) expense	`NonoperatingIncomeExpense`	$-473.86K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.02M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.62M	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-5.02M	USD	Annual
Net loss	`NetIncomeLoss`	$-2.62M	USD	Annual
Weighted average number of common shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted`	13.19M	shares	Annual
Weighted average number of common shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted`	9.64M	shares	Annual
Net loss per share - basic and diluted (in dollars per share)	`EarningsPerShareBasic`	$-0.27	USD	Annual
Net loss per share - basic and diluted (in dollars per share)	`EarningsPerShareBasic`	$-0.38	USD	Annual

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-5.02M	USD	Annual
Net loss	`NetIncomeLoss`	$-2.62M	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$19.72K	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$22.73K	USD	Annual
Amortization of note discount and issuance costs	`AmortizationOfNoteDiscountPremium`	$247.52K	USD	Annual
Amortization of note discount and issuance costs	`AmortizationOfNoteDiscountPremium`	$46.60K	USD	Annual
Shares issued in settlement of services	`IssuanceOfStockInSettlementOfServices`	$668.50K	USD	Annual
Shares issued in settlement of services	`IssuanceOfStockInSettlementOfServices`	-	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$684.52K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$482.46K	USD	Annual
Gain on forgiveness of note payable	`GainsLossesOnExtinguishmentOfDebt`	$33.41K	USD	Annual
Gain on forgiveness of note payable	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Right of use lease	`NoncashPortionOfLeaseExpense`	$-4.37K	USD	Annual
Right of use lease	`NoncashPortionOfLeaseExpense`	-	USD	Annual
Investment (income) loss	`NetInvestmentIncome`	$11.71K	USD	Annual
Investment (income) loss	`NetInvestmentIncome`	$-328.72K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$595.00	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$41.03K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$1.90K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-4.09K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesAndOtherCurrentAssets`	$-37.32K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesAndOtherCurrentAssets`	$182.80K	USD	Annual
Prepaid expenses, related party	`IncreaseDecreaseInPrepaidExpensesRelatedParty`	-	USD	Annual
Prepaid expenses, related party	`IncreaseDecreaseInPrepaidExpensesRelatedParty`	$-36.70K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$233.07K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$144.48K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-4.93K	USD	Annual
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-3.88K	USD	Annual
Unearned subscriptions	`IncreaseDecreaseInContractWithCustomerLiability`	$-279.61K	USD	Annual
Unearned subscriptions	`IncreaseDecreaseInContractWithCustomerLiability`	$285.88K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-672.49K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.29M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$63.91K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$65.94K	USD	Annual
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$25.54M	USD	Annual
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$8.00M	USD	Annual
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	Annual
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$30.01M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$4.40M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.07M	USD	Annual
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	$10.66M	USD	Annual
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Purchase of treasury stock	`PaymentsForCommonStockSubscribed`	-	USD	Annual
Purchase of treasury stock	`PaymentsForCommonStockSubscribed`	$1.10M	USD	Annual
Principal payments on senior secured note payable	`RepaymentOfSeniorSecuredNotesPayable`	$990.00K	USD	Annual
Principal payments on senior secured note payable	`RepaymentOfSeniorSecuredNotesPayable`	$10.00K	USD	Annual
Principal payments on notes payable	`RepaymentsOfNotesPayable`	$28.45K	USD	Annual
Principal payments on notes payable	`RepaymentsOfNotesPayable`	$1.41K	USD	Annual
Principal payments on convertible notes payable	`RepaymentsOfConvertibleNotePayable`	$451.42K	USD	Annual
Principal payments on convertible notes payable	`RepaymentsOfConvertibleNotePayable`	-	USD	Annual
Principal payments on notes payable, related parties	`RepaymentsOfNotesPayableRelatedParties`	-	USD	Annual
Principal payments on notes payable, related parties	`RepaymentsOfNotesPayableRelatedParties`	$859.00	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.12M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.19M	USD	Annual
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.00M	USD	Annual
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.45M	USD	Annual
Cash - beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$972.83K	USD	Point-in-time
Cash - beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$425.58K	USD	Point-in-time
Cash - beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.43M	USD	Point-in-time
Cash - end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$972.83K	USD	Point-in-time
Cash - end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$425.58K	USD	Point-in-time
Cash - end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.43M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$103.47K	USD	Annual
Interest paid	`InterestPaidNet`	$139.37K	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Cashless exercise of warrants	`NotesPayableExchangedWithNotePayable`	$-87.00	USD	Annual
Cashless exercise of warrants	`NotesPayableExchangedWithNotePayable`	-	USD	Annual
Common stock issued for common stock payable	`CommonStockIssuedInSettlementOfCommonStockPayable`	$30.00K	USD	Annual
Common stock issued for common stock payable	`CommonStockIssuedInSettlementOfCommonStockPayable`	-	USD	Annual
Common stock issued in settlement of accrued liabilities	`StockIssuedSettlementOfAccruedLiabilities`	-	USD	Annual
Common stock issued in settlement of accrued liabilities	`StockIssuedSettlementOfAccruedLiabilities`	$180.00K	USD	Annual

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Balances, December 31, 2020	`StockholdersEquity`	$7.82M	USD	Point-in-time
Balances, December 31, 2020	`StockholdersEquity`	$2.18M	USD	Point-in-time
Balances, December 31, 2020	`StockholdersEquity`	$-1.76M	USD	Point-in-time
Issuance of shares and warrants for cash, net of fees	`StockAndWarrantsIssuedDuringPeriodValue`	$10.66M	USD	Annual
Issuance of subscribed shares (in shares)	`StockIssuedDuringPeriodSharesPreviouslySubscribedShares`	6,411.00	shares	Annual
Issuance of subscribed shares	`StockIssuedDuringPeriodValuePreviouslySubscribedShares`	-	USD	Annual
Issuance of shares in settlement of liabilities	`StockIssuedDuringPeriodValueSettlementOfLiabilities`	$180.00K	USD	Annual
Issuance of shares for services	`StockIssuedDuringPeriodValueIssuedForServices`	$668.50K	USD	Annual
Issuance of shares from conversion of Series A preferred shares	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	Annual
Common stock payable for compensation	`CommonStockPayableForCompensationEquityImpact`	$38.34K	USD	Annual
Common stock payable for compensation	`CommonStockPayableForCompensationEquityImpact`	$15.00K	USD	Annual
Issuance of shares for cashless exercise of warrants	`StockIssuedDuringPeriodValueCashlessWarrantExercise`	-	USD	Annual
Issuance of shares for cashless exercise of warrants	`StockIssuedDuringPeriodValueCashlessWarrantExercise`	-	USD	Annual
Issuance of warrants for compensation	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$127.52K	USD	Annual
Issuance of options for compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$316.60K	USD	Annual
Issuance of options for compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$504.09K	USD	Annual
Net loss	`NetIncomeLoss`	$-5.02M	USD	Annual
Net loss	`NetIncomeLoss`	$-2.62M	USD	Annual
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$1.10M	USD	Annual
Common stock issued for common stock payable	`StockIssuedDuringPeriodValueCommonStockPayable`	-	USD	Annual
Balances, December 31, 2021	`StockholdersEquity`	$7.82M	USD	Point-in-time
Balances, December 31, 2021	`StockholdersEquity`	$2.18M	USD	Point-in-time
Balances, December 31, 2021	`StockholdersEquity`	$-1.76M	USD	Point-in-time

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