Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2019 | Apr. 15, 2020 | Jun. 30, 2019 | |
Document Information [Line Items] | |||
Entity Registrant Name | BLACKBOXSTOCKS INC. | ||
Entity Central Index Key | 0001567900 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Emerging Growth Company | true | ||
Entity Ex Transition Period | false | ||
Entity Small Business | true | ||
Entity Interactive Data Current | Yes | ||
Entity Common Stock, Shares Outstanding (in shares) | 7,958,236 | ||
Entity Public Float | $ 53,793,300 | ||
Entity Shell Company | false | ||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2019 | ||
Document Fiscal Year Focus | 2019 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false | ||
Title of 12(g) Security | Common Stock, par value $.001 |
Balance Sheets
Balance Sheets - USD ($) | Dec. 31, 2019 | Dec. 31, 2018 |
Current assets: | ||
Cash | $ 21,172 | $ 28,001 |
Accounts receivable, net of allowance for doubtful accounts of $68,589 at December 31, 2019 and 2018, respectively | 5,745 | 3,719 |
Advances receivable, related parties (Note 5) | 9,823 | |
Total current assets | 36,740 | 31,720 |
Property and equipment: | ||
Software development, net of amortization of $9,000 and $7,312 at December 31, 2019 and 2018, respectively | 1,688 | |
Right of use lease, net of amortization of $51,009 at December 31, 2019 | 109,064 | |
Total property and equipment | 126,331 | 33,822 |
Long term assets: | ||
Prepaid expenses | 80,868 | 107,646 |
Prepaid expenses, related party (Note 5) | 36,700 | 36,700 |
Total long term assets | 117,568 | 144,346 |
Total Assets | 280,639 | 209,888 |
Current liabilities: | ||
Accounts payable | 632,287 | 525,136 |
Accrued expenses | 128,000 | |
Accrued interest | 42,566 | 834 |
Accrued interest, related party | 16,680 | 2,080 |
Unearned subscriptions | 189,007 | 90,034 |
Lease liability right of use, current | 46,124 | |
Other liabilities | 180,000 | 180,000 |
Advances payable, related party (Note 5) | 36,382 | |
Convertible notes payable, net of discount of $13,859 as of December 31, 2019 (Note 8) | 593,891 | |
Notes payable, net of note discount of $38,294 and $25,435 at December 31, 2019 and 2018, respectively (Note 6) | 218,138 | 165,889 |
Notes payable, related party (Note 7) | 228,000 | 228,000 |
Derivative liability | 1,405,530 | |
Total current liabilities | 3,552,223 | 1,356,355 |
Lease liability right of use, long term | 66,715 | |
Commitments and contingencies (Note 10) | ||
Stockholders' Deficit: | ||
Preferred stock | ||
Common stock, $0.001 par value, 100,000,000 shares authorized: 7,908,231 and 7,678,047 issued and outstanding at December 31, 2019 and 2018, respectively | 7,908 | 7,678 |
Common stock, subscribed | 35,060 | 144,060 |
Additional paid in capital | 3,443,640 | 2,543,264 |
Accumulated deficit | (6,829,907) | (3,846,469) |
Total Stockholders' Deficit | (3,338,299) | (1,146,467) |
Total Liabilities and Stockholders' Deficit | 280,639 | 209,888 |
Series A Preferred Stock [Member] | ||
Stockholders' Deficit: | ||
Preferred stock | 5,000 | 5,000 |
Internet Domain Names [Member] | ||
Property and equipment: | ||
Domain name, net of amortization of $9,551 and $3,821 at December 31, 2019 and 2018, respectively | 7,641 | 13,371 |
Machinery and Equipment [Member] | ||
Property and equipment: | ||
Office, computer and related equipment, net of depreciation of $39,526 and $28,802 at December 31, 2019 and 2018, respectively | $ 9,626 | $ 18,763 |
Balance Sheets (Parentheticals)
Balance Sheets (Parentheticals) - USD ($) | Dec. 31, 2019 | Dec. 31, 2018 |
Accounts receivable, allowance for doubtful accounts | $ 68,589 | $ 68,589 |
Software development, amortization | 9,000 | 7,312 |
Right of use lease, amortizationProperty and equipment, amortization | $ 51,009 | |
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized (in shares) | 5,000,000 | 5,000,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized (in shares) | 100,000,000 | 100,000,000 |
Common stock, shares issued (in shares) | 7,908,231 | 7,678,047 |
Common stock, shares outstanding (in shares) | 7,908,231 | 7,678,047 |
Series A Preferred Stock [Member] | ||
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized (in shares) | 5,000,000 | 5,000,000 |
Preferred stock, shares issued (in shares) | 5,000,000 | 5,000,000 |
Preferred stock, shares outstanding (in shares) | 5,000,000 | 5,000,000 |
Convertible Notes Payable [Member] | ||
Convertible notes payable, discount | $ 13,859 | |
Notes Payable, Other Payables [Member] | ||
Convertible notes payable, discount | 38,294 | 25,435 |
Internet Domain Names [Member] | ||
Domain name, amortization | 9,551 | 3,821 |
Machinery and Equipment [Member] | ||
Property and equipment, depreciation | $ 39,526 | $ 28,802 |
Statement of Operations
Statement of Operations - USD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Revenue: | ||
Revenues | $ 1,062,573 | $ 692,803 |
Cost of operations | 736,612 | 645,318 |
Gross margin | 325,961 | 47,485 |
Expenses: | ||
Software development costs | 130,840 | 198,434 |
General and administrative | 1,182,012 | 933,278 |
Depreciation and amortization | 18,142 | 22,514 |
Total operating expenses | 1,330,994 | 1,154,226 |
Operating loss | (1,005,033) | (1,106,741) |
Interest expense | 65,090 | 45,141 |
Convertible note financing | 1,240,347 | |
Loss on derivative liability | 83,766 | |
Default expense | 57,750 | |
Amortization of debt discount | 531,452 | |
Loss before income taxes | (2,983,438) | (1,151,882) |
Income taxes | ||
Net loss | $ (2,983,438) | $ (1,151,882) |
Weighted average number of common shares outstanding - basic (in shares) | 7,749,695 | 7,669,178 |
Net loss per share - basic (in dollars per share) | $ (0.38) | $ (0.15) |
Subscription and Circulation [Member] | ||
Revenue: | ||
Revenues | $ 1,037,778 | $ 687,653 |
Product and Service, Other [Member] | ||
Revenue: | ||
Revenues | $ 24,795 | $ 5,150 |
Statement of Stockholders' Defi
Statement of Stockholders' Deficit - USD ($) | Preferred Stock [Member]Series A Preferred Stock [Member] | Preferred Stock [Member] | Common Stock [Member] | Common Stock, Subscribed [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Balance (in shares) at Dec. 31, 2017 | 5,000,000 | 7,667,047 | |||||
Balance at Dec. 31, 2017 | $ 5,000 | $ 7,667 | $ 2,510,275 | $ (2,694,587) | $ (171,645) | ||
Issuance of shares for cash (in shares) | 11,000 | ||||||
Issuance of shares for cash | $ 11 | 32,989 | 33,000 | ||||
Common stock shares, subscribed | 144,060 | 144,060 | |||||
Net loss | (1,151,882) | (1,151,882) | |||||
Balance (in shares) at Dec. 31, 2018 | 5,000,000 | 7,678,047 | |||||
Balance at Dec. 31, 2018 | $ 5,000 | $ 7,678 | 144,060 | 2,543,264 | (3,846,469) | (1,146,467) | |
Issuance of shares for cash (in shares) | 216,354 | ||||||
Issuance of shares for cash | $ 216 | (109,000) | 430,081 | 321,297 | |||
Net loss | (2,983,438) | (2,983,438) | |||||
Issuance of shares in settlement of accrued expenses (in shares) | 13,830 | ||||||
Issuance of shares in settlement of accrued expenses | $ 14 | 127,986 | 128,000 | ||||
Imputed discount on convertible notes payable (Note 8) | 342,309 | 342,309 | |||||
Balance (in shares) at Dec. 31, 2019 | 5,000,000 | 7,908,231 | |||||
Balance at Dec. 31, 2019 | $ 5,000 | $ 7,908 | $ 35,060 | $ 3,443,640 | $ (6,829,907) | $ (3,338,299) |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Cash flows from operating activities | ||
Net loss | $ (2,983,438) | $ (1,151,882) |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||
Depreciation and amortization expense | 18,142 | 22,514 |
Allowance for doubtful accounts | 68,589 | |
Amortization of note discount | 531,452 | 29,756 |
Financing cost | 26,396 | |
Expenses paid by lender | 27,385 | |
Convertible note financing | 1,240,347 | |
Change in fair value of derivative liability | 83,766 | |
Convertible note default expense | 57,750 | |
Changes in operating assets and liabilities: | ||
Accounts receivable | (2,026) | (67,197) |
Prepaid expenses | 26,778 | 95,332 |
Accounts payable | 107,151 | 157,028 |
Accrued expenses | 128,000 | |
Accrued interest | 41,732 | 834 |
Accrued interest, related party | 14,600 | 2,080 |
Unearned subscriptions | 98,973 | 62,673 |
Other liabilities | 180,000 | |
Net cash used in operating activities | (710,992) | (472,273) |
Cash flows from investing activities | ||
Purchases of property and equipment | (1,587) | (28,993) |
Net cash used in investing activities | (1,587) | (28,993) |
Cash flows from financing activities | ||
Common stock issued for cash | 321,297 | 33,000 |
Common stock subscribed | 144,060 | |
Proceeds from notes payable | 251,455 | 330,130 |
Proceeds from convertible notes payable | 473,725 | |
Repayment of notes payable | (294,522) | (193,997) |
Proceeds from notes payable, related party | 228,000 | |
Advances from others | ||
Cash advances from related parties | 109,342 | 126,000 |
Cash repayments to related parties | (155,547) | (146,081) |
Net cash provided by financing activities | 705,750 | 521,112 |
Net increase (decrease) in cash | (6,829) | 19,846 |
Cash - beginning of period | 28,001 | 8,155 |
Cash - end of period | 21,172 | 28,001 |
Supplemental disclosures | ||
Interest paid | 2,000 | |
Income taxes paid | ||
Supplemental disclosure- Non-cash investing and financing activities: | ||
Financing costs on funding agreements | 84,445 | |
Debt discount on convertible notes payable | 131,417 | |
Lease, right of use and liability | 160,073 | |
Discount on convertible notes payable | 342,309 | |
Common stock issued in settlement of accrued expenses | $ 128,000 |
Note 1 - Organization
Note 1 - Organization | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | 1. Blackboxstocks Inc. (the “Company”) was incorporated on October 4, 2011 11 On December 1, 2015, 88.64% On February 8, 2016, February 9, 2016), The Company filed a Certificate of Amendment to its Articles of Incorporation effective as of March 9, 2016, The Company is in the business of developing and marketing web and mobile based analytical software tools as a subscription based software as a service (the “Blackbox System”) to serve as a tool for day traders and swing traders on various securities exchanges and markets, including the OTC Markets Group, Inc. (“OTC”), the New York Stock Exchange, the NYSE American (formerly the American Stock Exchange), the NASDAQ markets, the Hong Kong Stock Exchange (“HKEX”), the Shanghai Stock Exchange (“SSE”) and the Shenzhen Stock Exchange (“SZSE”). The accompanying financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America (“GAAP”), which contemplate continuation of the Company as a going concern, which is dependent upon the Company's ability to obtain sufficient financing or establish itself as a profitable business. At December 31, 2019, $6,829,907 December 31, 2019 2018, $2,983,438 $1,151,882, may no The financial statements do not |
Note 2 - Summary of Significant
Note 2 - Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation Use of Estimates Cash three Fair Value of Financial Instruments 820, Fair Value Measurement not may may Derivative Financial Instruments 820, Fair Value Measurement Recently Issued Accounting Pronouncements. During the years ended December 31, 2019 2018, not In February 2016, 2016 02, 12 January 1, 2019 $160,073 $46,124 $66,715 December 31, 2019. Property and Equipment April 2017 May 15, 2017 The Company’s property and equipment is being depreciated on the straight-line basis over an estimated useful life of three Income Taxes not not. Management evaluates the probability of the realization of its deferred income tax assets. Management determined that because the Company has not In accordance with ASC Topic 740, Income Taxes not Earnings or (Loss) Per Share December 31, 2019 2018, 5,311,667 5,000,000 Share-Based Payment 718, Compensation - Stock Compensation No December 31, 2019 2018. Revenue Recognition January 1, 2018, 2014 09, 606 no September 30, 2016. Other Liabilities not December 31, 2019, $180,000 Software Development Costs 985, August 2016, September 1, 2016. June 30, 2017. 985 Domain Name three three Marketing Costs December 31, 2019 2018, $261,470 $173,885 Prepaid Expenses Contingencies may may one may If the assessment of a contingency indicates it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potential material loss contingency is not not |
Note 3 - Stockholders' Deficit
Note 3 - Stockholders' Deficit | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | 3. DEFICIT The Company has authorized 10,000,000 $0.001 5,000,000 $0.001 100,000,000 $0.001 Shares of Series A Convertible Preferred Stock do not one one 100 The Company announced and approved a reverse stock split effective July 15, 2019 1 3, 3 one During the year ended December 31, 2019, 30,833 $3.00 $92,500 3,333 $6,500 December 31, 2018. During the year ended December 31, 2019 3,334 $10,000 December 31, 2018. On April 10, 2019 51,282 5 33,333 $1.95 third $100,000. On or about May 7, 2019 25,641 third $1.95 $50,000. On or about May 22, 2019 12,821 5 6,410 $1.95 third $25,000. On or about June 4, 2019 51,282 5 25,641 $1.95 third $100,000. On August 29, 2019 12,821 5 6,411 $1.95 third $25,000. On November 27, 2019 25,000 5 12,500 $1.95 third $48,750. |
Note 4 - Stock Options and Warr
Note 4 - Stock Options and Warrants | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | 4. Costs attributable to the issuance of stock options and share purchase warrants are measured at fair value at the date of issuance and offset with a corresponding increase in ‘Additional Paid in Capital’ at the time of issuance. The fair value cost is computed utilizing the Black-Scholes model and assuming volatility based on U.S. Treasury yield rates for a similar period. The cost of these warrants was not When the options or warrants are exercised, the receipt of consideration is an increase in stockholders’ equity. Concurrently with certain of the securities purchase agreements entered into as described in Note 3 five $1.95 $560,935. no December 31, 2018 December 31, 2019, 84,295 Number of Shares Exercise Price Weighted Average Remaining Life (in years) Warrants as of December 31, 2018 - - Issued during 2019 84,295 $1.95 Warrants as of December 31, 2019 84,295 $1.95 4.53 |
Note 5 - Related Party Transact
Note 5 - Related Party Transactions | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | 5. During the year ended December 31, 2019, $109,342 January 1, 2019 $36,382 $155,547 $9,823 December 31, 2019. During the year ended December 31, 2019 $1,500 no During the years ended December 31, 2019 2018, two 1 2018. December 31, 2019 2018, $13,500 $45,000 G2 “G2” December 31, 2019 2018, $36,700 G2/IPA. |
Note 6 - Notes Payable
Note 6 - Notes Payable | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | 6. In October 2019 third $80,000 $761 May 2020. $31,600 $11,570 December 31, 2019. On September 13, 2019 third $90,000 $490, August 18, 2020. $27,000 $8,735 December 31, 2019. On April 2, 2019 $19,000 $315.56, August 8, 2019. $9,400 $9,400 December 31, 2019. On March 29, 2019 third $38,755 $460, September 12, 2019. $16,445 $16,445 December 31, 2019. On February 19, 2019 third $50,000 12% ninety May 20, 2019. $2,000 June 17, 2019 During the year ended December 31, 2018 third $121,821 $450 September 18, 2019. $55,190 $55,190 December 31, 2019. On June 26, 2018 third $8,309 18% 36 May 22, 2021. On August 8, 2018 third $200,000 12% November 20, 2018. first December 6, 2018, $100,000 $8,000 $108,000. $100,000 December 31, 2019, no |
Note 7 - Notes Payable, Related
Note 7 - Notes Payable, Related Party | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Notes Payable, Related Party [Text Block] | 7. On November 9, 2018, $120,000 12% ninety January 28, 2019. December 31, 2019 no $16,680 December 31, 2019. On December 6, 2018, $108,000 third 6 |
Note 8 - Convertible Notes Paya
Note 8 - Convertible Notes Payable | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Convertible Notes Payable [Text Block] | 8. On May 21, 2019, 8% third $550,000, 10% $500,000. 10% 8%, 180 115% 91st first $350,000 no thirty not may $1.95 65% 15 December 31, 2019 $57,750. $207,308 $983,870 December 31, 2019. On July 17, 2019, 8% third $165,000, 10% $150,000. 10% 8%, 180 90 110%; 91st 180th 115%. may $1.95 not may 65% 15 $135,000. $421,660 December 31, 2019. |
Note 9 - Derivative Liabilities
Note 9 - Derivative Liabilities | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Derivatives and Fair Value [Text Block] | 9. During the year ended December 31, 2019, $550,000 820. December 31, 2019 Volatility 356.33 % Risk-free interest rate 1.52 % Expected dividends - Expected term (in years) .5 The Company determines the fair market values of its financial instruments based on the fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The following three may Level 1 Level 2 Level 3 The following table presents the Company’s liabilities that were measured and recognized at fair value as of December 31, 2019: Level 1 Level 2 Level 3 Balance January 1, 2019 $ - $ - $ - Additions - - 1,321,764 Change in fair value - - 83,766 Balance December 31, 2019 $ - $ - $ 1,405,530 |
Note 10 - Commitments and Conti
Note 10 - Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 10 . COMMITMENTS AND CONTINGENCIES The Company entered into a sublease agreement with G2 July 1, 2015 G2 1,502 5430 August 28, 2017, G2. September 19, 2017 336 1,838 September 30, 2022. January 1, 2019 842 December 31, 2019 2018 $54,631 $60,584, December 31, 2020 59,004 2021 61,800 2022 46,863 On June 18, 2018 July 1, 2018. twenty 24 $20,000 $15,000 twelve sixth 920,000 1.5% $500,000 12 December 18, 2018 September 30, 2019 13,830 $128,000 The Company engaged software design consulting services from a vendor for its Blackbox System which the Company found did not $29,523. $24,920 $2,200 $2,403. may $29,523 December 31, 2019. On March 6, 2019 $20,000 $5,000 $25,000 The Company is not |
Note 11 - Income Taxes
Note 11 - Income Taxes | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 11 . INCOME TAXES The Company has established deferred tax assets and liabilities for the recognition of future deductions or taxable amounts and operating loss carry forwards. Deferred federal income tax expense or benefit is recognized as a result of the change in the deferred tax asset or liability during the year using the currently enacted tax laws and rates that apply to the period in which they are expected to affect taxable income. Valuation allowances are established, if necessary, to reduce deferred tax assets to the amounts that will more likely than not During the years ended December 31, 2019 2018, 21 2019 2018 Income tax benefit at statutory rate $ 627,000 $ 242,000 Permanent differences (21,000 ) ( 3,000 ) Change in valuation allowance (606,000 ) (239,000 ) Provision for federal income taxes $ - $ - At December 31, 2019, $5,242,731, may no may not 2038. |
Note 12 - Subsequent Events
Note 12 - Subsequent Events | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | 12. On January 27, 2020 third $150,000 $1,035, November 3, 2020. $57,000 $39,000 third May 28, 2020. The Company issued 50,000 $1.95 January 27, 2020 third January 27, 2020. On February 13, 2020, June September 2019 $45,030 December 31, 2019. On March 13, 2020 third $25,000 $291.67, August 31, 2020. $12,500 On March 23, 2020 third $75,000 $25,000 52% $0.60, March 25, 2021. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2019 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash three |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value of Financial Instruments 820, Fair Value Measurement not may may |
Derivatives, Policy [Policy Text Block] | Derivative Financial Instruments 820, Fair Value Measurement |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Issued Accounting Pronouncements. During the years ended December 31, 2019 2018, not In February 2016, 2016 02, 12 January 1, 2019 $160,073 $46,124 $66,715 December 31, 2019. |
Property, Plant and Equipment, Policy [Policy Text Block] | Property and Equipment April 2017 May 15, 2017 The Company’s property and equipment is being depreciated on the straight-line basis over an estimated useful life of three |
Income Tax, Policy [Policy Text Block] | Income Taxes not not. Management evaluates the probability of the realization of its deferred income tax assets. Management determined that because the Company has not In accordance with ASC Topic 740, Income Taxes not |
Earnings Per Share, Policy [Policy Text Block] | Earnings or (Loss) Per Share December 31, 2019 2018, 5,311,667 5,000,000 |
Share-based Payment Arrangement [Policy Text Block] | Share-Based Payment 718, Compensation - Stock Compensation No December 31, 2019 2018. |
Revenue from Contract with Customer [Policy Text Block] | Revenue Recognition January 1, 2018, 2014 09, 606 no September 30, 2016. |
Other Liabilities [Policy Text Block] | Other Liabilities not December 31, 2019, $180,000 |
Research, Development, and Computer Software, Policy [Policy Text Block] | Software Development Costs 985, August 2016, September 1, 2016. June 30, 2017. 985 |
Intangible Assets, Finite-Lived, Policy [Policy Text Block] | Domain Name three three |
Advertising Cost [Policy Text Block] | Marketing Costs December 31, 2019 2018, $261,470 $173,885 |
Prepaid Expenses [Policy Text Block] | Prepaid Expenses |
Commitments and Contingencies, Policy [Policy Text Block] | Contingencies may may one may If the assessment of a contingency indicates it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potential material loss contingency is not not |
Note 4 - Stock Options and Wa_2
Note 4 - Stock Options and Warrants (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] | Number of Shares Exercise Price Weighted Average Remaining Life (in years) Warrants as of December 31, 2018 - - Issued during 2019 84,295 $1.95 Warrants as of December 31, 2019 84,295 $1.95 4.53 |
Note 9 - Derivative Liabiliti_2
Note 9 - Derivative Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | Volatility 356.33 % Risk-free interest rate 1.52 % Expected dividends - Expected term (in years) .5 |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] | Level 1 Level 2 Level 3 Balance January 1, 2019 $ - $ - $ - Additions - - 1,321,764 Change in fair value - - 83,766 Balance December 31, 2019 $ - $ - $ 1,405,530 |
Note 10 - Commitments and Con_2
Note 10 - Commitments and Contingencies (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | 2020 59,004 2021 61,800 2022 46,863 |
Note 11 - Income Taxes (Tables)
Note 11 - Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | 2019 2018 Income tax benefit at statutory rate $ 627,000 $ 242,000 Permanent differences (21,000 ) ( 3,000 ) Change in valuation allowance (606,000 ) (239,000 ) Provision for federal income taxes $ - $ - |
Note 1 - Organization (Details
Note 1 - Organization (Details Textual) - USD ($) | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 01, 2015 | |
Retained Earnings (Accumulated Deficit), Ending Balance | $ (6,829,907) | $ (3,846,469) | |
Net Income (Loss) Attributable to Parent, Total | $ (2,983,438) | $ (1,151,882) | |
Blackboxstocks [Member] | |||
Ownership Percentage By Stockholders | 88.64% |
Note 2 - Summary of Significa_2
Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($) | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Jan. 01, 2019 | |
Lease, Right-of-Use Asset | $ 109,064 | ||
Lease, Liability, Current | 46,124 | ||
Lease, Liability, Noncurrent | $ 66,715 | ||
Property, Plant and Equipment, Useful Life (Year) | 3 years | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 5,311,667 | 5,000,000 | |
Share-based Payment Arrangement, Noncash Expense, Total | $ 0 | $ 0 | |
Other Liabilities, Current, Total | 180,000 | 180,000 | |
Marketing Expense | $ 261,470 | $ 173,885 | |
Internet Domain Names [Member] | |||
Finite-Lived Intangible Asset, Useful Life (Year) | 3 years | ||
Accounting Standards Update 2016-02 [Member] | |||
Lease, Right-of-Use Asset | $ 160,073 | ||
Lease, Liability | $ 160,073 |
Note 3 - Stockholders' Deficit
Note 3 - Stockholders' Deficit (Details Textual) | Nov. 27, 2019USD ($)$ / sharesshares | Aug. 29, 2019USD ($)$ / sharesshares | Jul. 15, 2019 | Jun. 04, 2019USD ($)$ / sharesshares | May 22, 2019USD ($)$ / sharesshares | May 07, 2019USD ($)$ / sharesshares | Apr. 10, 2019USD ($)$ / sharesshares | Dec. 31, 2019USD ($)$ / sharesshares | Dec. 31, 2018USD ($)$ / sharesshares |
Preferred Stock, Shares Authorized (in shares) | 5,000,000 | 5,000,000 | |||||||
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 0.001 | $ 0.001 | |||||||
Common Stock, Shares Authorized (in shares) | 100,000,000 | 100,000,000 | |||||||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 0.001 | $ 0.001 | |||||||
Stock Issued During Period, Shares, New Issues (in shares) | 25,000 | 12,821 | 51,282 | 12,821 | 25,641 | 51,282 | |||
Shares Issued, Price Per Share (in dollars per share) | $ / shares | $ 1.95 | ||||||||
Stock Issued During Period, Value, New Issues | $ | $ 321,297 | $ 33,000 | |||||||
Stock Issued During Period, Shares, Subscriptions (in shares) | 3,334 | 3,333 | |||||||
Stock Issued During Period, Value, Subscriptions | $ | $ 10,000 | $ 6,500 | |||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares | $ 1.95 | ||||||||
Proceeds from Issuance or Sale of Equity, Total | $ | $ 48,750 | $ 25,000 | $ 100,000 | $ 50,000 | $ 100,000 | ||||
Director, President, CEO,CFO, and Secretary [Member] | |||||||||
Proceeds from Issuance or Sale of Equity, Total | $ | $ 25,000 | ||||||||
Warrants in Connection with Common Stock Sold [Member] | |||||||||
Warrants and Rights Outstanding, Term (Year) | 5 years | 5 years | 5 years | 5 years | 5 years | 5 years | |||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 12,500 | 6,411 | 25,641 | 6,410 | 33,333 | ||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares | $ 1.95 | $ 1.95 | $ 1.95 | $ 1.95 | $ 1.95 | $ 1.95 | |||
Issuance of Common Stock 1 [Member] | |||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 30,833 | ||||||||
Shares Issued, Price Per Share (in dollars per share) | $ / shares | $ 3 | ||||||||
Stock Issued During Period, Value, New Issues | $ | $ 92,500 | ||||||||
Reverse Stock Split [Member] | |||||||||
Stockholders' Equity Note, Stock Split, Conversion Ratio | 3 | ||||||||
Total Preferred Stock [Member] | |||||||||
Preferred Stock, Shares Authorized (in shares) | 10,000,000 | ||||||||
Series A Preferred Stock [Member] | |||||||||
Preferred Stock, Shares Authorized (in shares) | 5,000,000 | 5,000,000 | |||||||
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 0.001 | $ 0.001 | |||||||
Convertible Preferred Stock, Shares Issued upon Conversion (in shares) | 1 | ||||||||
Preferred Stock, Number of Votes Per Share | 100 |
Note 4 - Stock Options and Wa_3
Note 4 - Stock Options and Warrants (Details Textual) - USD ($) | 12 Months Ended | ||||||
Dec. 31, 2019 | Dec. 31, 2018 | Nov. 27, 2019 | Aug. 29, 2019 | Jun. 04, 2019 | May 22, 2019 | Apr. 10, 2019 | |
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 1.95 | ||||||
Class of Warrant or Right, Issued in Period (in shares) | 84,295 | 0 | |||||
Class of Warrant or Right, Outstanding (in shares) | 84,295 | ||||||
Warrants in Connection with Common Stock Sold [Member] | |||||||
Warrants and Rights Outstanding, Term (Year) | 5 years | 5 years | 5 years | 5 years | 5 years | 5 years | |
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 1.95 | $ 1.95 | $ 1.95 | $ 1.95 | $ 1.95 | $ 1.95 | |
Warrants and Rights Outstanding | $ 560,935 |
Note 4 - Stock Options and Wa_4
Note 4 - Stock Options and Warrants - Warrant Activity (Details) - $ / shares | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Warrants, number of shares (in shares) | ||
Warrants, exercise price (in dollars per share) | ||
Issued, number of shares (in shares) | 84,295 | 0 |
Issued, exercise price (in dollars per share) | $ 1.95 | |
Warrants, number of shares (in shares) | 84,295 | |
Warrants, exercise price (in dollars per share) | $ 1.95 | |
Warrants, average remaining life (Year) | 4 years 193 days |
Note 5 - Related Party Transa_2
Note 5 - Related Party Transactions (Details Textual) - USD ($) | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Jan. 01, 2019 | |
Proceeds from Related Party Debt | $ 109,342 | $ 126,000 | |
Repayments of Related Party Debt | 155,547 | 146,081 | |
Director, President, CEO,CFO, and Secretary [Member] | |||
Proceeds from Related Party Debt | 109,342 | ||
Due to Related Parties, Total | 9,823 | $ 36,382 | |
Repayments of Related Party Debt | 155,547 | ||
Vice President [Member] | |||
Due from Related Parties, Total | 1,500 | ||
Karma and EDM [Member] | |||
Payments to Related Party for Services | 13,500 | 45,000 | |
G2 and IPA [Member] | |||
Prepaid Expenses, Related Party, Current | $ 36,700 | $ 36,700 |
Note 6 - Notes Payable (Details
Note 6 - Notes Payable (Details Textual) | Sep. 13, 2019USD ($) | Apr. 02, 2019USD ($) | Mar. 29, 2019USD ($) | Feb. 19, 2019USD ($) | Dec. 06, 2018USD ($) | Aug. 08, 2018USD ($) | Jun. 26, 2018USD ($) | Oct. 31, 2019USD ($) | Dec. 31, 2019USD ($) | Dec. 31, 2018USD ($) |
Proceeds from Notes Payable, Total | $ 251,455 | $ 330,130 | ||||||||
Repayments of Notes Payable | 294,522 | 193,997 | ||||||||
Note Payable to Purchase Equipment [Member] | ||||||||||
Proceeds from Notes Payable, Total | $ 8,309 | |||||||||
Debt Instrument, Interest Rate, Stated Percentage | 18.00% | |||||||||
Debt Instrument, Number of Installments | 36 | |||||||||
Notes Payable Entered October, 2019 [Member] | ||||||||||
Proceeds from Notes Payable, Total | $ 80,000 | |||||||||
Debt Instrument, Periodic Payment, Total | 761 | |||||||||
Debt Instrument, Unamortized Discount, Total | $ 31,600 | |||||||||
Interest Expense, Debt, Total | 11,570 | |||||||||
Notes Payable Entered September 13, 2019 [Member] | ||||||||||
Proceeds from Notes Payable, Total | $ 90,000 | |||||||||
Debt Instrument, Periodic Payment, Total | 490 | |||||||||
Debt Instrument, Unamortized Discount, Total | 27,000 | |||||||||
Interest Expense, Debt, Total | $ 8,735 | |||||||||
Notes Payable Entered April 2, 2019 [Member] | ||||||||||
Proceeds from Notes Payable, Total | $ 19,000 | |||||||||
Debt Instrument, Periodic Payment, Total | 315.56 | |||||||||
Debt Instrument, Unamortized Discount, Total | 9,400 | |||||||||
Interest Expense, Debt, Total | $ 9,400 | |||||||||
Notes Payable Entered March 29, 2019 [Member] | ||||||||||
Proceeds from Notes Payable, Total | $ 38,755 | |||||||||
Debt Instrument, Periodic Payment, Total | 460 | |||||||||
Debt Instrument, Unamortized Discount, Total | 16,445 | |||||||||
Interest Expense, Debt, Total | $ 16,445 | |||||||||
Promissory Note Payable [Member] | ||||||||||
Proceeds from Notes Payable, Total | $ 50,000 | |||||||||
Interest Expense, Debt, Total | $ 2,000 | |||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | |||||||||
Notes Payable During Fiscal 2018 [Member] | ||||||||||
Proceeds from Notes Payable, Total | 121,821 | |||||||||
Debt Instrument, Periodic Payment, Total | 450 | |||||||||
Debt Instrument, Unamortized Discount, Total | $ 55,190 | |||||||||
Interest Expense, Debt, Total | 55,190 | |||||||||
Secured Promissory Note Payable [Member] | ||||||||||
Proceeds from Notes Payable, Total | $ 200,000 | |||||||||
Interest Expense, Debt, Total | $ 8,000 | |||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | |||||||||
Repayments of Notes Payable | 100,000 | |||||||||
Repayment of Notes Payable Including Interest | $ 108,000 | |||||||||
Debt Default, Short-term Debt, Amount | $ 100,000 |
Note 7 - Notes Payable, Relat_2
Note 7 - Notes Payable, Related Party (Details Textual) - USD ($) | Dec. 06, 2018 | Nov. 09, 2018 | Dec. 31, 2019 | Dec. 31, 2018 |
Proceeds from Related Party Debt | $ 109,342 | $ 126,000 | ||
Interest Payable, Related Party, Current | 16,680 | $ 2,080 | ||
Director, President, CEO,CFO, and Secretary [Member] | ||||
Proceeds from Related Party Debt | 109,342 | |||
Notes Payable, Other Payables [Member] | Director, President, CEO,CFO, and Secretary [Member] | ||||
Proceeds from Related Party Debt | $ 108,000 | $ 120,000 | ||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | |||
Interest Payable, Related Party, Current | $ 16,680 |
Note 8 - Convertible Notes Pa_2
Note 8 - Convertible Notes Payable (Details Textual) - USD ($) | Jul. 17, 2019 | May 21, 2019 | Dec. 31, 2019 | Dec. 31, 2018 |
Proceeds from Convertible Debt | $ 473,725 | |||
Convertible Notes Payable Issued May 21, 2019 [Member] | ||||
Debt Instrument, Face Amount | $ 550,000 | |||
Convertible Notes Payable, Total | $ 500,000 | |||
Debt Instrument, Discount Rate | 10.00% | |||
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | |||
Debt Instrument, Term (Day) | 180 days | |||
Debt Instrument, Redemption Premium After 91 Days | 115.00% | |||
Proceeds from Convertible Debt | $ 350,000 | |||
Debt Instrument, Convertible, Conversion Price (in dollars per share) | $ 1.95 | |||
Debt Instrument, Convertible, Percentage of Lowest Bid Price During Prior 15 Consecutive Trading Days | 65.00% | |||
Debt Instrument, Redemption Fee, Amount | 57,750 | |||
Debt Instrument, Convertible, Beneficial Conversion Feature | $ 207,308 | |||
Convertible Notes Payable Issued May 21, 2019 [Member] | Embedded Derivative Financial Instruments [Member] | ||||
Derivative Liability, Total | 983,870 | |||
Convertible Notes Payable Issued July 17, 2019 [Member] | ||||
Debt Instrument, Face Amount | $ 165,000 | |||
Convertible Notes Payable, Total | $ 150,000 | |||
Debt Instrument, Discount Rate | 10.00% | |||
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | |||
Debt Instrument, Term (Day) | 180 days | |||
Debt Instrument, Convertible, Conversion Price (in dollars per share) | $ 1.95 | |||
Debt Instrument, Convertible, Percentage of Lowest Bid Price During Prior 15 Consecutive Trading Days | 65.00% | |||
Debt Instrument, Convertible, Beneficial Conversion Feature | $ 135,000 | |||
Debt Instrument, Redemption Premium, First 90 Days | 110.00% | |||
Debt Instrument, Redemption Premium, Between 91 and 180 Days | 115.00% | |||
Convertible Notes Payable Issued July 17, 2019 [Member] | Embedded Derivative Financial Instruments [Member] | ||||
Derivative Liability, Total | $ 421,660 |
Note 9 - Derivative Liabiliti_3
Note 9 - Derivative Liabilities (Details Textual) | Dec. 31, 2019USD ($) |
Convertible Notes Payable [Member] | |
Debt Instrument, Face Amount | $ 550,000 |
Note 9 - Derivative Liabiliti_4
Note 9 - Derivative Liabilities - Option Pricing Assumptions (Details) | Dec. 31, 2019 |
Measurement Input, Option Volatility [Member] | |
Derivative liability, measurement input | 3.5633 |
Measurement Input, Risk Free Interest Rate [Member] | |
Derivative liability, measurement input | 0.0152 |
Measurement Input, Expected Dividend Rate [Member] | |
Derivative liability, measurement input | |
Measurement Input, Expected Term [Member] | |
Derivative liability, measurement input | 0.5 |
Note 9 - Derivative Liabiliti_5
Note 9 - Derivative Liabilities - Liabilities Measured and Recognized at Fair Value (Details) | 12 Months Ended |
Dec. 31, 2019USD ($) | |
Fair Value, Inputs, Level 1 [Member] | |
Balance | |
Additions | |
Change in fair value | |
Balance | |
Fair Value, Inputs, Level 2 [Member] | |
Balance | |
Additions | |
Change in fair value | |
Balance | |
Fair Value, Inputs, Level 3 [Member] | |
Balance | |
Additions | 1,321,764 |
Change in fair value | 83,766 |
Balance | $ 1,405,530 |
Note 10 - Commitments and Con_3
Note 10 - Commitments and Contingencies (Details Textual) | Mar. 06, 2019USD ($) | Jun. 18, 2018USD ($)shares | Sep. 30, 2019USD ($)shares | Dec. 31, 2019USD ($) | Dec. 31, 2018USD ($)ft² | Sep. 19, 2017ft² | Jul. 01, 2015ft² |
Area of Real Estate Property (Square Foot) | ft² | 1,838 | 336 | 1,502 | ||||
Operating Lease, Expense | $ 54,631 | $ 60,584 | |||||
Consulting Services Agreement with Vendor [Member] | |||||||
Litigation Settlement, Amount Awarded to Other Party | 29,523 | ||||||
Loss Contingency, Damages Sought, Value | 24,920 | ||||||
Litigation Settlement Interest | 2,200 | ||||||
Litigation Settlement, Expense | $ 2,403 | ||||||
ICV [Member] | |||||||
Monthly Compensation, Common Stock, Value | $ 20,000 | ||||||
Monthly Compensation, Common Stock, Value, Increase | $ 15,000 | ||||||
Agreement Covenant, Common Stock Issued Upon NASDAQ Listing (in shares) | shares | 920,000 | ||||||
Agreement Covenant, Closing Fee Percentage | 1.50% | ||||||
Agreement Covenant, Closing Fee Minimum | $ 500,000 | ||||||
Stock Issued During Period, Shares, Issued for Services (in shares) | shares | 13,830 | ||||||
Due to Related Parties, Current, Total | $ 128,000 | ||||||
Boustead [Member] | |||||||
Agreement Engagement Fee | $ 20,000 | ||||||
Agreement Covenenant, Pre-IPO Closing Fee | 5,000 | ||||||
Agreement Covenant, IPO Closing Fee | $ 25,000 |
Note 10 - Commitments and Con_4
Note 10 - Commitments and Contingencies - Future Minimum Rental Payments (Details) | Dec. 31, 2019USD ($) |
2019 | $ 59,004 |
2020 | 61,800 |
2021 | $ 46,863 |
Note 11 - Income Taxes (Details
Note 11 - Income Taxes (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | 21.00% |
Operating Loss Carryforwards, Total | $ 5,242,731 |
Note 11 - Income Taxes - Reconc
Note 11 - Income Taxes - Reconciliation of Income Tax Expense (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Income tax benefit at statutory rate | $ 627,000 | $ 242,000 |
Permanent differences | (21,000) | (3,000) |
Change in valuation allowance | (606,000) | (239,000) |
Provision for federal income taxes |
Note 12 - Subsequent Events (De
Note 12 - Subsequent Events (Details Textual) - USD ($) | Mar. 23, 2020 | Mar. 13, 2020 | Feb. 13, 2020 | Jan. 27, 2020 | Nov. 27, 2019 | Aug. 29, 2019 | Jun. 04, 2019 | May 22, 2019 | May 07, 2019 | Apr. 10, 2019 | Oct. 31, 2019 | Dec. 31, 2019 | Dec. 31, 2018 |
Proceeds from Notes Payable, Total | $ 251,455 | $ 330,130 | |||||||||||
Repayments of Notes Payable | 294,522 | 193,997 | |||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 25,000 | 12,821 | 51,282 | 12,821 | 25,641 | 51,282 | |||||||
Shares Issued, Price Per Share (in dollars per share) | $ 1.95 | ||||||||||||
Proceeds from Convertible Debt | $ 473,725 | ||||||||||||
Subsequent Event [Member] | |||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 50,000 | ||||||||||||
Shares Issued, Price Per Share (in dollars per share) | $ 1.95 | ||||||||||||
Subsequent Event [Member] | Satisfaction of Services [Member] | |||||||||||||
Loss Contingency, Damages Sought, Value | $ 45,030 | ||||||||||||
Notes Payable Entered January 28, 2020 [Member] | Subsequent Event [Member] | |||||||||||||
Proceeds from Notes Payable, Total | $ 150,000 | ||||||||||||
Debt Instrument, Periodic Payment, Total | 1,035 | ||||||||||||
Debt Instrument, Unamortized Discount, Total | 57,000 | ||||||||||||
Notes Payable Entered October, 2019 [Member] | |||||||||||||
Proceeds from Notes Payable, Total | $ 80,000 | ||||||||||||
Debt Instrument, Periodic Payment, Total | 761 | ||||||||||||
Debt Instrument, Unamortized Discount, Total | $ 31,600 | ||||||||||||
Notes Payable Entered October, 2019 [Member] | Subsequent Event [Member] | |||||||||||||
Repayments of Notes Payable | $ 39,000 | ||||||||||||
Notes Payable Entered March 16, 2020 [Member] | Subsequent Event [Member] | |||||||||||||
Proceeds from Notes Payable, Total | $ 25,000 | ||||||||||||
Debt Instrument, Periodic Payment, Total | 291.67 | ||||||||||||
Debt Instrument, Unamortized Discount, Total | $ 12,500 | ||||||||||||
Convertible Notes Payable [Member] | Subsequent Event [Member] | |||||||||||||
Proceeds from Convertible Debt | $ 75,000 | ||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 52.00% | ||||||||||||
Debt Instrument, Convertible, Conversion Price (in dollars per share) | $ 0.60 | ||||||||||||
Convertible Notes Payable 2 [Member] | Subsequent Event [Member] | |||||||||||||
Proceeds from Convertible Debt | $ 25,000 |