Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Nov. 01, 2013 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'IRONSTONE GROUP INC | ' |
Document Type | '10-Q | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Common Stock, Shares Outstanding | ' | 1,872,964 |
Amendment Flag | 'false | ' |
Entity Central Index Key | '0000723269 | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Current assets: | ' | ' |
Cash | $904 | $3,378 |
Marketable securities available for sale, at fair value | 8,970 | 8,580 |
Current liabilities: | ' | ' |
Line of credit borrowings | 350,000 | 350,000 |
Note payable to related party | 111,000 | 59,000 |
Accounts payable and accrued expenses | 51,461 | 38,585 |
Total liabilities | 512,461 | 447,585 |
Note payable | 1,078,479 | 1,009,519 |
Total liabilities | 1,590,940 | 1,457,104 |
Stockholders' equity: | ' | ' |
Preferred stock, $0.01 par value, 5,000,000 shares authorized of which there are no issued and outstanding shares | 0 | 0 |
Common stock, $0.01 par value, 25,000,000 shares authorized, 2,618,500 shares are issued and 1,872,964 are outstanding | 26,188 | 26,188 |
Additional paid-in capital | 21,559,165 | 21,554,521 |
Accumulated deficit | -21,551,548 | -21,410,594 |
Accumulated other comprehensive income | ' | -9,619 |
33,805 | 160,496 | |
Less: Treasury Stock, 745,536 shares, at cost | -522,574 | -522,574 |
Total stockholders' equity | -488,769 | -362,078 |
Total liabilities and stockholders' equity | 1,102,171 | 1,095,026 |
Salon Media Group, Common Stock [Member] | ' | ' |
Current assets: | ' | ' |
Investment | 7,997 | 7,198 |
Salon Media Group, Series C Preferred [Member] | ' | ' |
Current assets: | ' | ' |
Investment | 84,300 | 75,870 |
TangoMe Inc Preferred (Member) | ' | ' |
Current assets: | ' | ' |
Investment | 1,000,000 | 1,000,000 |
Total assets | $1,102,171 | $1,095,026 |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Preferred stock, par value (in Dollars per share) | $0.01 | $0.01 |
Preferred stock, shares authorized | 5,000,000 | 5,000,000 |
Preferred stock, issued shares (in Dollars) | 0 | 0 |
Preferred stock, outstanding shares (in Dollars) | 0 | 0 |
Common stock, par value, (in Dollars per share) | $0.01 | $0.01 |
Common stock, shares authorized | 25,000,000 | 25,000,000 |
Common stock, shares are issued | 2,618,500 | 2,618,500 |
Common stock, outstanding | 1,872,964 | 1,872,964 |
Less: Treasury Stock, Number of Shares | 745,536 | 745,536 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Operating expenses: | ' | ' | ' | ' |
Professional fees | $13,800 | $8,742 | $34,105 | $25,989 |
State filing fee | ' | ' | 7,000 | 2,400 |
Amortization | 1,390 | 2,809 | 4,170 | 5,619 |
General and administrative expenses | 1,364 | 590 | 5,434 | 914 |
Total operating expenses | 16,554 | 12,141 | 50,709 | 34,922 |
Loss from operations | -16,554 | -12,141 | -50,709 | -34,922 |
Other income (expense): | ' | ' | ' | ' |
Interest expense, net | -31,359 | -34,144 | -90,245 | -67,226 |
Net (loss) | -47,913 | -46,285 | -140,954 | -102,148 |
COMPREHENSIVE INCOME (LOSS), NET OF TAX: | ' | ' | ' | ' |
Net loss | -47,913 | -46,285 | -140,954 | -102,148 |
Unrealized holding gain (loss) arising during the period | 1,170 | 2,340 | 9,619 | 43,809 |
Comprehensive income (loss) | ($46,743) | ($43,945) | ($131,335) | ($58,339) |
Basic and diluted loss per share: | ' | ' | ' | ' |
Net loss per share (in Dollars per share) | ($0.02) | ($0.02) | ($0.05) | ($0.08) |
Weighted average shares (in Shares) | 2,618,500 | 1,872,964 | 2,618,500 | 1,310,660 |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' |
Net loss | ($140,954) | ($102,148) |
Discount amortization | 4,170 | 5,619 |
Stock-based compensation | 4,644 | ' |
Accounts payable and Accrued expenses | 77,666 | 46,789 |
Net cash used in operating activities | -54,474 | -49,740 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | -1,000,000 |
Purchased Non Marketable TangoMe, Inc | ' | -1,000,000 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' |
Note payable to related party | 52,000 | 49,000 |
Note payable | ' | 1,000,000 |
Net cash provided from financing activities | 52,000 | 1,049,000 |
Net increase (decrease) in cash | -2,474 | -740 |
Cash at beginning of period | 3,378 | 5,154 |
Cash at end of period | 904 | 4,414 |
Supplemental disclosure of cash flow information | $20,362 | $20,437 |
Note_1_Business_And_Summary_Of
Note 1 - Business And Summary Of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Significant Accounting Policies [Text Block] | ' |
1. BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Business Activities | |
Ironstone Group, Inc. and subsidiaries have no operations but are seeking appropriate business combination opportunities. | |
Principles of Consolidation | |
The accompanying unaudited condensed consolidated financial statements include the accounts of Ironstone Group, Inc. and its subsidiaries, AcadiEnergy, Inc., Belt Perry Associates, Inc., DeMoss Corporation, and TaxNet, Inc., (collectively the “Company”). All significant intercompany accounts and transactions have been eliminated in consolidation. | |
Marketable Securities | |
Marketable securities have been classified by management as available for sale in accordance with ASC 320, marketable securities are recorded at fair value and any unrealized gains or losses are excluded from earnings and reported as a separate component of stockholders’ equity until realized. The fair value of the Company’s marketable securities and investments at September 30, 2013 is based on quoted market prices. For the purpose of computing realized gains and losses, cost is identified on a specific identification basis. For marketable securities for which there is an other-than-temporary impairment, an impairment loss is recognized as a realized loss, and related adjustments are not made for recovery in value. | |
Unaudited Interim Financial Statements | |
The accompanying unaudited condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America for interim financial information. Certain information and disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations, although Ironstone believes that the following disclosures are adequate to make the information presented not misleading. In the opinion of management, all adjustments considered necessary for a fair and comparable presentation have been included and are of a normal recurring nature. The accompanying condensed consolidated financial statements should be read in conjunction with the Company’s most recent Annual Report on Form 10-K for the year ended December 31, 2012. | |
Use of Estimates | |
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. | |
Earnings (Loss) per Share | |
Basic earnings (loss) per share (“EPS”) excludes dilution and is computed by dividing net income (loss) applicable to common stockholders by the weighted average number of common shares actually outstanding during the period. Diluted EPS reflects the dilution from potentially dilutive securities, except where inclusion of such potentially dilutive securities would have an anti-dilutive effect, using the average stock price during the period in the computation and because of the net loss for the periods presented. | |
Income Taxes | |
The Company and its wholly owned subsidiaries file a consolidated federal income tax return. Income taxes are provided for the tax effects of transactions reported in the financial statements and consist of taxes currently due plus deferred income taxes. Deferred income taxes are recognized for differences between the financial statement and tax bases of assets and liabilities that will result in taxable or deductible amounts in the future. Deferred income taxes are also recognized for net operating loss carryforwards that are available to offset future taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. | |
Recent Accounting Pronouncements | |
The Company does not expect the adoption of any recent accounting pronouncements will have a material impact on the Company’s consolidated financial statements. |
Note_2_Fair_Value_Of_Financial
Note 2 - Fair Value Of Financial Instruments | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value Disclosures [Text Block] | ' | ||||||||||||||||
2. FAIR VALUE of FINANCIAL INSTRUMENTS | |||||||||||||||||
Due to the short maturity of cash, accounts payable, the line of credit, and the note payable, the carrying amount reported in the consolidated balance sheets approximates fair market value. | |||||||||||||||||
Effective January 1, 2008, the Company adopted ASC 820, “Fair Value Measurements and Disclosures”. ASC 820 defines fair value, establishes a framework for measuring fair value under accounting principles generally accepted in the United States of America and enhances disclosures about fair value measurements. Fair value is defined under ASC 820 as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value under ASC 820 must maximize the use of observable inputs and minimize the use of unobservable inputs. ASC 820 describes a fair value hierarchy based on three levels of inputs of which the first two are considered observable and the last unobservable, that may be used to measure fair value which are the following: | |||||||||||||||||
Level 1 | Quoted prices in active markets for identical assets or liabilities. | ||||||||||||||||
Level 2 | Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. | ||||||||||||||||
Level 3 | Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. | ||||||||||||||||
In addition to using the guidelines set forth in ASC 820 for valuing fixed income securities, each company is also required to disclose information that enables users of its financial statements to assess the inputs used to develop those valuations. Market values were determined for each security in the investment portfolio based on quoted market prices and quoted market prices for similar securities. | |||||||||||||||||
Description | Quoted | Significant | Significant | Total Carrying | |||||||||||||
Market Prices | Other | Other | Value In The | ||||||||||||||
In Active | Observable | Unobservable | Consolidated | ||||||||||||||
Markets | Input | Input | Balance Sheet at | ||||||||||||||
(Level 1) | (Level 2) | (Level 3) | 30-Sep-13 | ||||||||||||||
Securities available for sale | $ | 16,967 | $ | 1,084,300 | $ | 1,101,267 | |||||||||||
Description | Quoted | Significant | Significant | Total Carrying | |||||||||||||
Market Prices | Other | Other | Value In The | ||||||||||||||
In Active | Observable | Unobservable | Consolidated | ||||||||||||||
Markets | Input | Input | Balance Sheet at | ||||||||||||||
(Level 1) | (Level 2) | (Level 3) | 31-Dec-12 | ||||||||||||||
Securities available for sale | $ | 15,778 | $ | 1,075,870 | - | $ | 1,091,648 | ||||||||||
Note_3_Investments
Note 3 - Investments | 9 Months Ended |
Sep. 30, 2013 | |
Investments Schedule [Abstract] | ' |
Investment [Text Block] | ' |
3. INVESTMENTS | |
TANGO ME, INC. | |
On March 30, 2012, the Company purchased 468,121 shares of Series A Preferred stock from William R. Hambrecht at $2.1362 per share ($1,000,000). The value of this transaction was determined using the fair value of similar securities sold to unrelated third parties. There was no change in the fair value of this investment to September 30, 2013. | |
SALON MEDIA GROUP, INC. | |
The Company owns 1,926,857 shares of Common Stock of Salon Media Group, Inc. These shares resulted from the April 24, 2013 exchange of 843 shares of Series C Preferred Stock of Salon Media Group Inc. This investment of common shares of Salon is valued at the $.0438 and $.0394 per share, or $84,300 and $75,870 at September 30, 2013 and December 31, 2012 respectively. For the nine months ended September 30, 2013 the company recorded a related unrealized gain of $8,430. | |
Additionally, in conjunction with making the investment in Salon, the Company received warrants to purchase common stock in Salon. In 2006, the Company exercised its warrants to purchase a total of 79,970 shares of common stock of Salon. This investment in common shares of Salon is valued at $.10 and $.09 per share, or $7,997 and $7,198 at September 30, 2013 and December 31, 2012, respectively. For the nine months ended September 30, 2013, the Company recorded a related unrealized gain of $799. | |
The quoted market price for the Salon Media Group at September 30, 2013 was $.12; however, as we recorded an other-than-temporary loss on these securities in 2009, we did not adjust the carrying value for this subsequent recovery in value. | |
Flexi | |
The Company owns 78,000 shares of Flexi International Software stock and accounts for this investment as an available-for-sale security on its balance sheet. The investment in common shares of Flexi is valued at $.10 and $.11 per share, or $8,970 and $8,580 at September 30, 2013 and December 31, 2012, respectively. For the nine months ended September 30, 2013, the Company recorded a related unrealized gain of $390. |
Note_4_Related_Party_Transacti
Note 4 - Related Party Transactions | 9 Months Ended |
Sep. 30, 2013 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions Disclosure [Text Block] | ' |
4. RELATED PARTY TRANSACTIONS | |
A Director and a former President and Chief Executive Officer of Salon is the sister of a member of the Board of Directors and the daughter of the Chief Executive Officer. | |
Mr. William R Hambrecht, Chief Executive Officer is a minority stockholder in Salon Media Group. | |
On January 14, 2013 the Company borrowed $5,000 from Mr. William R. Hambrecht at 7.75% interest with a December 31, 2013 maturity. | |
On February 13, 2013 the Company borrowed $5,000 from Mr. William R. Hambrecht at 7.75% interest with a December 31, 2013 maturity. | |
On April 1, 2013 the Company borrowed $4,600 from Mr. William R. Hambrecht at 7.75% interest with a December 31, 2013 maturity. | |
On April 5, 2013 the Company borrowed $11,000 from Mr. William R. Hambrecht at 7.75% interest with a December 31, 2013 maturity. | |
On April 17, 2013 the Company borrowed $6,000 from Mr. William R. Hambrecht at 7.75% interest with a December 31, 2013 maturity. | |
On May 10, 2013 the Company borrowed $5,000 from Mr. William R. Hambrecht at 7.75% interest with a December 31, 2013 maturity. | |
On June 12, 2013 the Company borrowed $5,100 from Mr. William R. Hambrecht at 7.75% interest with a December 31, 2013 maturity. | |
On July 9, 2013 the Company borrowed $5,200 from Mr. William R. Hambrecht at 7.75% interest with a December 31, 2013 maturity. | |
On August 14, 2013 the Company borrowed $5,100 from Mr. William R. Hambrecht at 7.75% interest with a December 31, 2013 maturity. |
Note_5_Note_Payable
Note 5 - Note Payable | 9 Months Ended | |||||||||
Sep. 30, 2013 | ||||||||||
Debt Disclosure [Abstract] | ' | |||||||||
Debt Disclosure [Text Block] | ' | |||||||||
5. NOTE PAYABLE | ||||||||||
On March 31, 2012, the Company received $1,000,000 from a third party and issued a related promissory note. This note carries an 8% interest rate, per annum, and has a maturity date of March 31, 2017. The note is secured by all of the assets of the Company through an accompanying security agreement. If the Company defaults on the note or security agreement, interest would accrue at 10% per annum. | ||||||||||
In connection with the note agreement, the Company also issued warrants to this third party to purchase 187,296 shares of the Company’s common stock, at a price of $1. If the third party elects to purchase only a portion of the allotted shares, then the purchase price shall be prorated for the portion purchased. The warrants were separately valued using the Black-Scholes model, and it was determined the fair value of the warrants at March 31, 2012 was $56,188. This amount has been recorded as a discount on the $1,000,000 note payable and will be amortized over the 5 year term of the note. | ||||||||||
The inputs to the Black-Scholes model were as follows: Stock price at March 31, 2012 of $.30; Exercise price of $.000005; Expected term of 10 years; Risk-free interest rate of 4.84%; Dividend rate of 0; Volatility of 60%. All 187,296 warrants were issued and outstanding at September 30, 2013. | ||||||||||
Shares | Exercise Price | Expiration | ||||||||
Options outstanding at January 1, 2012 | 0 | |||||||||
Granted | 187,296 | 0.000005 | March 31,2017 | |||||||
Options outstanding at September , 2013 | 187,296 | |||||||||
Note_6_Shareholders_Equity
Note 6 - Shareholders' Equity | 9 Months Ended |
Sep. 30, 2013 | |
Stockholders' Equity Note [Abstract] | ' |
Stockholders' Equity Note Disclosure [Text Block] | ' |
6. STOCKHOLDERS’ EQUITY | |
Treasury Stock – On September 15, 2003, the Board of Directors authorized the Company to purchase 745,536 shares of Company common stock at $0.70 per share for an aggregate purchase price of $521,875. The repurchase represented 50.11% of the issued and outstanding shares of the Company. During the year ended December 31, 2008, the Company paid $699 for fractional Treasury shares. As of September 30, 2013 the treasury shares are held by the Company. | |
Preferred Stock – The Company is authorized to issue up to five million shares of preferred stock without further shareholder approval; the rights, preferences and privileges of which would be determined at the time of issuance. No shares have ever been issued. | |
Stock Option Plans -- The Company has adopted a 2013 Equity Incentive Plan. As of January 30, 2013, 187,296 shares were available for grant under the Plan. The plan provide for incentive stock options to be granted at times and prices determined by the Company’s Board of Directors, to be granted to directors, officers and employees of the Company, as well as certain consultants and other persons providing services to the Company. | |
70,000 stock options were granted on January 30, 2013. The fair value of options granted under the Plan were estimated using the Black-Scholes model with following price and assumptions: Stock Price $.20, Exercise Price $.20, Time to Maturity 6.33 years, Risk-free Interest Rate 4%, Annualized Volatility 121%. | |
For the nine months period ended September 30, 2013, the Company recorded share based compensation expense related to stock options in the amount of $4,644 on the 70,000 stock options issued January 30, 2013. |
Note_7_Line_Of_Credit_Arrangem
Note 7 - Line Of Credit Arrangement | 9 Months Ended |
Sep. 30, 2013 | |
Line Of Credit Arrangement [Abstract] | ' |
Line Of Credit Arrangement [Text Block] | ' |
7. LINE OF CREDIT ARRANGEMENT | |
The Company has a line of credit arrangement with First Republic Bank (the “lender”) with a borrowing limit of $350,000 with interest based upon the lender’s prime rate. Interest is payable monthly at 7.75% at September 30, 2013. The line is guaranteed by William R. Hambrecht, Chief Executive Officer, Director and Robert H. Hambrecht, Secretary, Director. The line of credit is due on demand and is secured by all of the Company’s business assets. At September 30, 2013, the outstanding balance under the line was $350,000.The total recorded interest expense on this note for the nine months ended September 30, 2013 and 2012 was $20,362 and $20,362 (this amount was also paid during each respective period). |
Note_8_Going_Concern
Note 8 - Going Concern | 9 Months Ended |
Sep. 30, 2013 | |
Policy Text Block [Abstract] | ' |
Liquidity Disclosure [Policy Text Block] | ' |
8. GOING CONCERN | |
As reflected in the accompanying financial statements the Company has net losses and has a negative cash flow from operations. This raises substantial doubt about the Company’s ability to continue as a going concern. If necessary the Company may seek to sell additional debt or equity securities or enter into new credit facilities to meet its cash needs. The Company cannot make assurances that it will be able to complete any financing or liquidity transaction, that such financing or liquidity transaction will be adequate for the Company’s needs, or that a financing or liquidity transaction will be completed in a timely manner. |
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Business Description and Basis of Presentation [Text Block] | ' |
Business Activities | |
Ironstone Group, Inc. and subsidiaries have no operations but are seeking appropriate business combination opportunities. | |
Consolidation, Policy [Policy Text Block] | ' |
Principles of Consolidation | |
The accompanying unaudited condensed consolidated financial statements include the accounts of Ironstone Group, Inc. and its subsidiaries, AcadiEnergy, Inc., Belt Perry Associates, Inc., DeMoss Corporation, and TaxNet, Inc., (collectively the “Company”). All significant intercompany accounts and transactions have been eliminated in consolidation. | |
Marketable Securities, Policy [Policy Text Block] | ' |
Marketable Securities | |
Marketable securities have been classified by management as available for sale in accordance with ASC 320, marketable securities are recorded at fair value and any unrealized gains or losses are excluded from earnings and reported as a separate component of stockholders’ equity until realized. The fair value of the Company’s marketable securities and investments at September 30, 2013 is based on quoted market prices. For the purpose of computing realized gains and losses, cost is identified on a specific identification basis. For marketable securities for which there is an other-than-temporary impairment, an impairment loss is recognized as a realized loss, and related adjustments are not made for recovery in value. | |
Basis of Accounting, Policy [Policy Text Block] | ' |
Unaudited Interim Financial Statements | |
The accompanying unaudited condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America for interim financial information. Certain information and disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations, although Ironstone believes that the following disclosures are adequate to make the information presented not misleading. In the opinion of management, all adjustments considered necessary for a fair and comparable presentation have been included and are of a normal recurring nature. The accompanying condensed consolidated financial statements should be read in conjunction with the Company’s most recent Annual Report on Form 10-K for the year ended December 31, 2012. | |
Use of Estimates, Policy [Policy Text Block] | ' |
Use of Estimates | |
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. | |
Earnings Per Share, Policy [Policy Text Block] | ' |
Earnings (Loss) per Share | |
Basic earnings (loss) per share (“EPS”) excludes dilution and is computed by dividing net income (loss) applicable to common stockholders by the weighted average number of common shares actually outstanding during the period. Diluted EPS reflects the dilution from potentially dilutive securities, except where inclusion of such potentially dilutive securities would have an anti-dilutive effect, using the average stock price during the period in the computation and because of the net loss for the periods presented. | |
Income Tax, Policy [Policy Text Block] | ' |
Income Taxes | |
The Company and its wholly owned subsidiaries file a consolidated federal income tax return. Income taxes are provided for the tax effects of transactions reported in the financial statements and consist of taxes currently due plus deferred income taxes. Deferred income taxes are recognized for differences between the financial statement and tax bases of assets and liabilities that will result in taxable or deductible amounts in the future. Deferred income taxes are also recognized for net operating loss carryforwards that are available to offset future taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. | |
New Accounting Pronouncements, Policy [Policy Text Block] | ' |
Recent Accounting Pronouncements | |
The Company does not expect the adoption of any recent accounting pronouncements will have a material impact on the Company’s consolidated financial statements. |
Note_2_Fair_Value_Of_Financial1
Note 2 - Fair Value Of Financial Instruments (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value, by Balance Sheet Grouping [Table Text Block] | ' | ||||||||||||||||
Description | Quoted | Significant | Significant | Total Carrying | |||||||||||||
Market Prices | Other | Other | Value In The | ||||||||||||||
In Active | Observable | Unobservable | Consolidated | ||||||||||||||
Markets | Input | Input | Balance Sheet at | ||||||||||||||
(Level 1) | (Level 2) | (Level 3) | 30-Sep-13 | ||||||||||||||
Securities available for sale | $ | 16,967 | $ | 1,084,300 | $ | 1,101,267 | |||||||||||
Description | Quoted | Significant | Significant | Total Carrying | |||||||||||||
Market Prices | Other | Other | Value In The | ||||||||||||||
In Active | Observable | Unobservable | Consolidated | ||||||||||||||
Markets | Input | Input | Balance Sheet at | ||||||||||||||
(Level 1) | (Level 2) | (Level 3) | 31-Dec-12 | ||||||||||||||
Securities available for sale | $ | 15,778 | $ | 1,075,870 | - | $ | 1,091,648 |
Note_5_Note_Payable_Tables
Note 5 - Note Payable (Tables) | 9 Months Ended | |||||||||
Sep. 30, 2013 | ||||||||||
Debt Disclosure [Abstract] | ' | |||||||||
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] | ' | |||||||||
Shares | Exercise Price | Expiration | ||||||||
Options outstanding at January 1, 2012 | 0 | |||||||||
Granted | 187,296 | 0.000005 | March 31,2017 | |||||||
Options outstanding at September , 2013 | 187,296 |
Note_2_Fair_Value_Of_Financial2
Note 2 - Fair Value Of Financial Instruments (Details) - Fair Value Heirarchy (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities available for sale | $8,970 | $8,580 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities available for sale | 16,967 | 1,075,870 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities available for sale | 1,084,300 | ' |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities available for sale | 1,101,267 | 1,091,648 |
Reported Value Measurement [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Securities available for sale | $15,778 | ' |
Note_3_Investments_Details
Note 3 - Investments (Details) (USD $) | Mar. 30, 2012 | Mar. 30, 2012 | Apr. 24, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Jan. 01, 2006 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 |
Tango Me Inc [Member] | Tango Me Inc [Member] | Salon Media Group Inc [Member] | Salon Media Group Inc [Member] | Salon Media Group Inc [Member] | Salon Media Group Inc [Member] | Salon Media Group Inc [Member] | Salon Media Group Inc [Member] | Flexi [Member] | Flexi [Member] | Flexi [Member] | |
Series A Preferred Stock [Member] | Series C Preferred Stock [Member] | Common Stock Purchase Under Warrants [Member] | Common Stock Purchase Under Warrants [Member] | Common Stock Purchase Under Warrants [Member] | Common Class A [Member] | ||||||
Note 3 - Investments (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment Owned, Balance, Shares (in Shares) | 468,121 | ' | 843 | ' | ' | 79,970 | 1,926,857 | ' | 78,000 | ' | ' |
Share Price (in Dollars per share) | ' | $2.14 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment Owned, at Cost | ' | $1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment Owned, at Fair Value | ' | ' | ' | 7,997 | 7,198 | ' | 84,300 | 75,870 | ' | 8,970 | 8,580 |
Unrealized Gain (Loss) on Investments | ' | ' | ' | $799 | ' | ' | $8,430 | ' | ' | $390 | ' |
Note_4_Related_Party_Transacti1
Note 4 - Related Party Transactions (Details) (USD $) | 0 Months Ended | 9 Months Ended | |||||||||
Aug. 14, 2013 | Jul. 09, 2013 | Jun. 12, 2013 | 10-May-13 | Apr. 17, 2013 | Apr. 05, 2013 | Apr. 02, 2013 | Feb. 13, 2013 | Jan. 14, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | |
Related Party Transactions [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from Related Party Debt (in Dollars) | $5,100 | $5,200 | $5,100 | $5,000 | $6,000 | $11,000 | $4,600 | $5,000 | $5,000 | $52,000 | $49,000 |
Related Party Transaction, Rate | 7.75% | 7.75% | 7.75% | 7.75% | 7.75% | 7.75% | 7.75% | 7.75% | 7.75% | ' | ' |
Note_5_Note_Payable_Details
Note 5 - Note Payable (Details) (USD $) | 1 Months Ended | |
Mar. 31, 2012 | Sep. 30, 2013 | |
Note 5 - Note Payable (Details) [Line Items] | ' | ' |
Debt Instrument, Face Amount (in Dollars) | $1,000,000 | $187,296 |
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | ' |
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares) | 187,296 | 187,296 |
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per Item) | 1 | ' |
Debt Instrument, Unamortized Discount (in Dollars) | $56,188 | ' |
Debt Instrument, Term | '5 years | ' |
Fair Value Assumptions, Expected Term | '10 years | ' |
Fair Value Assumptions, Risk Free Interest Rate | 4.84% | ' |
Fair Value Assumptions, Expected Dividend Rate | 0.00% | ' |
Fair Value Assumptions, Expected Volatility Rate | 60.00% | ' |
Default Rate [Member] | ' | ' |
Note 5 - Note Payable (Details) [Line Items] | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | ' |
Note_5_Note_Payable_Details_Wa
Note 5 - Note Payable (Details) - Warrant Activity | 21 Months Ended | |
Sep. 30, 2013 | Mar. 31, 2012 | |
Class of Warrant or Right [Line Items] | ' | ' |
Options outstanding at January 1, 2012 | 0 | ' |
Options outstanding at September , 2013 | 187,296 | ' |
Granted | 187,296 | 187,296 |
Granted (in Dollars per Share) | ' | 1 |
Granted | 31-Mar-17 | ' |
Weighted Average [Member] | ' | ' |
Class of Warrant or Right [Line Items] | ' | ' |
Granted (in Dollars per Share) | 0.000005 | ' |
Note_6_Shareholders_Equity_Det
Note 6 - Shareholders' Equity (Details) (USD $) | 0 Months Ended | 1 Months Ended | 9 Months Ended | 12 Months Ended | 1 Months Ended | |||
Jan. 30, 2013 | Sep. 16, 2003 | Jan. 30, 2013 | Sep. 30, 2003 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2008 | Jan. 30, 2013 | |
Fractional Treasury [Member] | Minimum [Member] | |||||||
Note 6 - Shareholders' Equity (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Treasury Stock, Shares, Acquired | ' | 745,536 | ' | ' | ' | ' | 699 | ' |
Common Stock, Par or Stated Value Per Share (in Dollars per share) | ' | $0.70 | ' | ' | $0.01 | $0.01 | ' | ' |
Treasury Stock, Value (in Dollars) | ' | $521,875 | ' | ' | $522,574 | $522,574 | ' | ' |
' | ' | ' | 50.11% | ' | ' | ' | ' | |
Preferred Stock, Shares Authorized | ' | ' | ' | ' | 5,000,000 | 5,000,000 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | ' | ' | ' | ' | 187,296 | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 70,000 | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term | ' | ' | ' | ' | ' | ' | ' | '6 years 120 days |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate | ' | ' | 4.00% | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | ' | ' | 121.00% | ' | ' | ' | ' | ' |
Allocated Share-based Compensation Expense (in Dollars) | ' | ' | ' | ' | $4,644 | ' | ' | ' |
Note_7_Line_Of_Credit_Arrangem1
Note 7 - Line Of Credit Arrangement (Details) (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Line Of Credit Arrangement [Abstract] | ' | ' |
Line of Credit Facility, Maximum Borrowing Capacity | $350,000 | ' |
Line of Credit Facility, Interest Rate During Period | 7.75% | ' |
Line of Credit Facility, Amount Outstanding | 350,000 | ' |
Line of Credit Facility, Periodic Payment, Interest | $20,362 | $20,362 |