Ironstone Properties (IRNS) 10-Q 12 Nov 24 2024 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information	9 Months Ended
	Sep. 30, 2024 shares
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	0-12346
Entity Registrant Name	IRONSTONE PROPERTIES, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	95-2829956
Entity Address, Address Line One	909 Montgomery Street
Entity Address, City or Town	San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94133
City Area Code	415
Local Phone Number	340-4766
Title of 12(g) Security	Common Stock, $0.01 par value
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Emerging Growth Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)	3,472,491
Entity Central Index Key	0000723269
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
ASSETS:
Cash	$ 84,074	$ 0
Investments:
Marketable securities	24	859
Non-marketable securities	3,406,823	3,439,881
Total assets	3,490,921	3,440,740
Accounts payable and accrued expenses	120,654	105,016
Line of credit borrowings	348,843	348,843
Interest payable line of credit	0	3,782
Note payable and accrued interest	2,956,403	2,806,867
Total liabilities	3,425,901	3,264,508
Stockholders’ equity
Preferred stock, $0.01 par value, 5,000,000 shares authorized, no shares issued and outstanding	0	0
Common stock, $0.01 par value, 25,000,000 shares authorized, of which 3,472,491 shares are issued and outstanding as of December 31, 2022 and 2,937,225 at December 31, 2021	34,725	34,725
Additional paid-in capital	22,860,000	22,860,000
Additional paid-in capital - stock options	810,301	706,123
Accumulated deficit	(24,664,972)	(22,931,121)
Accumulated other comprehensive Income	1,547,540	29,079
Stockholders' Equity before Treasury Stock	587,594	698,806
Less: Treasury Stock, 745,536 shares, at cost	(522,574)	(522,574)
Total stockholders' equity	65,020	176,232
Total liabilities and stockholders' equity	$ 3,490,921	$ 3,440,740

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized (in shares)	5,000,000	5,000,000
Preferred Stock, Shares Issued (in shares)		0
Preferred Stock, Shares Outstanding, Ending Balance (in shares)	0	0
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.01	$ 0.01
Common Stock, Shares Authorized (in shares)	25,000,000	25,000,000
Common Stock, Shares, Outstanding, Ending Balance (in shares)	3,472,491	2,937,225
Common Stock, Shares, Issued (in shares)	3,472,491	2,937,225
Treasury Stock, Common, Shares (in shares)	745,536	745,536

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Profit (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income
Mark to Market Gain/(Loss)	$ (127)	$ (620)	$ (835)	$ (2,460)
Realized Gain – Private Investments			11,663	0
Compensation - stock options	8,341	62,209	104,178	184,599
Professional fees	7,124	1,071	10,880	8,630
State and local taxes	6,352	0	16,052	18,500
General and administrative expenses	492	3,978	2,134	11,972
Total operating expenses	22,309	67,257	133,244	223,701
Gain (loss) from operations	(22,436)	(67,877)	(46,729)	(226,161)
Interest expense	54,713	55,488	168,661	162,642
Net operating gain (loss)	(77,149)	(123,365)	(215,390)	(388,803)
Dividend Income	0	0	75,687	0
Gain (loss) from operations	(127)	(620)	86,515	(2,460)
Realized Gain – Private Investments			11,663	0
Compensation - stock options	8,341	62,209	104,178	184,599
Professional fees	7,124	1,071	10,880	8,630
State and local taxes	6,352	0	16,052	18,500
General and administrative expenses	492	3,978	2,134	11,972
Total operating expenses	22,309	67,257	133,244	223,701
Gain (loss) from operations	(22,436)	(67,877)	(46,729)	(226,161)
Interest expense	54,713	55,488	168,661	162,642
Net operating gain (loss)	(77,149)	(123,365)	(215,390)	(388,803)
us-gaap_ComprehensiveIncomeNetOfTaxAbstract
Net operating gain (loss)	(77,149)	(123,365)	(215,390)	(388,803)
Unrealized holding gain (loss) arising during the period			(33,059)
Comprehensive profit	$ (77,149)	$ (123,365)	$ (248,449)	$ (388,803)
Net operating profit (loss) per share (in dollars per share)	$ (0.03)	$ (0.05)	$ (0.08)	$ (0.14)
Net comprehensive profit (loss) per share (in dollars per share)	$ (0.03)	$ (0.05)	$ (0.09)	$ (0.14)
Weighted average shares outstanding (in shares)	2,726,955	2,726,955	2,726,955	2,726,955

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Comprehensive income (loss)	$ (215,390)	$ (388,803)
Changes in operating assets and liabilities:
Accounts payable and accrued expenses	15,638	57,115
Interest payable	145,754	142,034
Net cash used in operating activities	161,392	199,149
us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract
Paid in capital stock options	104,178	184,599
Net cash provided by financing activities	104,178	184,599
CASH FLOWS FROM INVESTING ACTIVITIES:
Increase (Decrease) in Marketable Securities from Mark to Market	(835)	2,460
Non-marketable securities mark to market	33,059	0
Net cash provided (used) by financing activities	33,894	2,460
Net increase (decrease) in cash	84,074	(2,595)
Cash at beginning of period	0	2,595
Cash at end of period	84,074	0
Supplemental disclosure of cash flow information:
Cash paid during the period for interest	0	0
Cash paid during the period for state franchise taxes	0	$ 0
Share-Based Payment Arrangement, Option [Member] | Equity Incentive Plan [Member]
Supplemental noncash investing and financing activities:
Officer and director common stock options issued	$ 50,000

Note 1 - Business and Summary o

Note 1 - Business and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	1. BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Business Activities Ironstone Properties, Inc., (“Ironstone” or the “Company”) formerly named Ironstone Group, Inc. a Delaware corporation, was incorporated in 1972. Since 1986, a majority of Ironstone’s outstanding shares has been owned by Hambrecht & Quist Group, a San Francisco-based investment banking and venture capital firm, and its affiliates (collectively “H&Q”). In September 2003, Ironstone repurchased all of these shares. Such repurchased shares are currently being held as treasury stock. William R. Hambrecht, Director and Chief Executive Officer, owns approximately 49.8% of Ironstone’s outstanding voting shares as of December 31, 2022. During September 2021, Ironstone Group, Inc. changed its name to Ironstone Properties, Inc. 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. Basis of Presentation The unaudited condensed consolidated financial statements included herein have been prepared by the Company in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures, normally included in financial statements prepared in accordance with U.S. GAAP, have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, these unaudited condensed consolidated financial statements contain all adjustments (consisting only of normal recurring adjustments) necessary to present fairly the financial position of the Company as of September 30, 2024 and December 31, 2023, the results of its operations for the three month periods ended September 30, 2024 and September 30, 2023 and nine months ending September 30, 2024 and September 30, 2023 and its cash flows for the nine month periods ended September 30, 2024 and September 30, 2023. The results of operations for the periods presented are not necessarily indicative of those that may be expected for the full year. The condensed consolidated financial statements presented herein have been prepared by management, without audit by independent auditors who do not express an opinion thereon and does not include all disclosures required for annual periods. The last audited annual report on Form 10-K was for the fiscal year ended December 31, 2014. There have been no significant changes in the Company’s significant accounting policies from those were disclosed in its Annual Report on Form 10-K for the fiscal year ended December 31, 2023. Going Concern These financial statements contemplate the realization of assets and the satisfaction of liabilities in the normal course of business. Ironstone Group has incurred losses and negative cash flows from operations over the last ten years. The Company has operated in the past principally with the assistance of loans from private institutions and related party individuals. The on-going accrual of unpaid interest on external and related party debt, excluding the LOC, continues to increase the financial risk to the Company as a going concern. Conversion of a material portion of the outstanding debt to equity will help alleviate such financial pressure. The financial statements do not include any adjustments relating to the recoverability and classification of asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Marketable and Non-Marketable Securities Marketable and non-marketable securities have been classified by management as available for sale in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 320, marketable securities are recorded at fair value and any unrealized gains and 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, 2024 and December 31, 2023 are 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. The Company has not realized any such impairment losses to date. Securities determined to be non-marketable by the Company do not have readily determinable fair values. The Company estimates the fair value of these instruments using various pricing models and the information available to the Company that it deems most relevant. Among the factors considered by the Company in determining the fair value of financial instruments are discounted anticipated cash flows, the cost, terms and liquidity of the instrument, the financial condition, operating results and credit ratings of the issuer or underlying company, the quoted market price of publicly traded securities with similar duration and yield, the Black-Scholes Options Valuation methodology adjusted for active market, the share price of recent round of financings by an outsider, and other considerations on a case-by-case basis and other factors generally pertinent to the valuation of financial instruments. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP 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. Significant estimates made in the financial statements relate to the valuation of the Company’s non-marketable investments. Actual results could differ from those estimates. 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. As of September 30, 2024 and December 31, 2023, a full valuation allowance has been recorded to offset loss carryforwards as, in management’s opinion, there is uncertainty as to whether or not the Company will be able to generate taxable income in the future. The Company follows the authoritative guidance on accounting for and disclosure of uncertainty in tax positions, which requires the Company to determine whether a tax position is more likely than not to be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits of the position. For tax positions meeting the more likely than not threshold, the tax amount recognized in the financial statements is reduced by the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the relevant taxing authority. The Company has determined that there is no effect on the financial statements from this authoritative guidance. The Company files tax returns as prescribed by the tax laws of the jurisdictions in which it operates. In the normal course of business, the Company is subject to examination by federal, state, local, and foreign jurisdictions, where applicable. As of September 30, 2024, the tax years that remain subject to examination by the major tax jurisdictions under the statute of limitations is from the year 2017 2016 Stock-Based Compensation Ironstone recognizes the fair value of stock options granted on a straight-line basis over the requisite service period of the option grant, which is the standard vesting term of three Basic and Diluted Loss per Share Basic loss per share (“EPS”) excludes dilution and is computed by dividing net income (loss) applicable to common shareholders 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. Recent Accounting Pronouncements In August 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-15, “ Disclosure of Uncertainties about an Entity s Ability to Continue as a Going Concern In August 2018, the FASB issued Accounting Standards Update (“ASU”) 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement”. ASU 2018-13 removes certain disclosures, modifies others and introduces additional disclosure requirements for entities. The amendments in ASU 2018-13 for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. The Company adopted the new standard on January 1, 2020. The adoption did not have a material impact on the Company’s financial statements.

Note 2 - Fair Value Measurement

Note 2 - Fair Value Measurements	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Fair Value Disclosures [Text Block]	2. FAIR VALUE MEASUREMENTS Fair value is defined under FASB ASC 820, “ Fair Value Measurement and Disclosures Level 1 Level 2 Level 3 In all cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls has been determined based on the lowest level of input that is significant to the fair value measurement. The Company’s assets and liabilities that are measured at fair value on a non-recurring basis include cash, accounts payable, accrued expenses, and interest payable given their short-term nature. Furthermore, the fair value of the Company’s notes payable are initially measured at fair value given that they are estimated based on current rates that would be available for debt of similar terms. The following tables provide information about the Company’s financial instruments measured at fair value on a recurring basis as of September 30, 2024 and December 31, 2023 by the fair value hierarchy: Level 1 Level 2 Level 3 Balance as of September 30, 2024 Publicly traded common stock $ 24 $ 24 Publicly traded options Private company common stock 200,000 Private company preferred stock 3,206,823 Total $ 3,406,823 $ 3,406,847 Level 1 Level 2 Level 3 Balance as of December 31, 2023 Publicly traded common stock $ 860 $ 860 Publicly traded options Private company common stock 3,239,881 3,239,881 Private company preferred stock 200,000 200,000 Total $ 3,439,881 $ 3,440,741 The following tables presents the Company’s investments measured at fair value using significant unobservable inputs (Level 3), including the valuation technique and unobservable inputs used to measure the fair value of those financial instruments: Fair Value as of September 30, 2024 Valuation Technique Unobservable Inputs Private Company Preferred Stock $ 200,000 Purchase price June 10 and 16, 2022 Acquisition cost Private Company Common Stock $ 178,043 Price of June 2023 Round Recent funding round Private Company Common Stock $ 3,028,780 Valuation range $2.25bn Virtua Valuation Analysis Fair Value as of December 31, 2023 Valuation Technique Unobservable Inputs Private Company Preferred Stock $ 200,000 Purchase price June 10 and 16, 2022 Acquisition cost Private Company Common Stock $ 178,043 Price of June 2023 Round Recent funding round Private Company Common Stock $ 3,061,838 Valuation range $2.25bn Virtua Valuation Analysis The following table presents additional information about Level 3 assets measured at fair value on a recurring basis for nine months ended September 30, 2024. Both observable and unobservable inputs may be used to determine the fair value of positions that the Company has classified within the Level 3 category. As a result, unrealized gains or (losses) during the period for assets and liabilities within the Level 3 category presented in the tables below may include changes in fair value during the period that were attributable to both observable and unobservable inputs. Nine months ended September 30, 2024 Balance as of December 31, 2023 $ 3,440,741 Unrealized loss on investments (835 ) Purchase of investment 0 Realized Gain – return of capital (33,059 ) Balance as of September 30, 2024 $ 3,406,847

Note 3 - Investments

Note 3 - Investments	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Investment [Text Block]	3. INVESTMENTS TangoMe, Inc. On March 30, 2012, the Company purchased 468,121 shares of Series A Preferred stock from related party William R. Hambrecht at $2.14 per share, resulting in a total investment of $1,000,000. During 2018, TangoMe converted all Preferred stock to common stock. The Company’s TangoMe position was valued at $4,303,369 at December 31, 2022. Utilizing a valuation system from Virtua, Inc. with current available market data from TangoMe, Inc., resulted in a company valuation of $2.25bn which translates to a valuation of $3,061,838 as of December 31, 2023, resulting in a mark-down loss of $1,241,118 for the twelve months ended December 31, 2023. These are the primary significant unobservable inputs used in the fair value measurement of the Company’s investment. On January 3, 2024, the Company completed the sale of 15,448 shares of Ironstone common stock at $2.89 per share, in a Tender Offer made by TangoMe as part of a management reorganization. The proceeds of $44,721 were reflected as a realized gain of $11,663 and a return of capital of $33,058. On May 3, 2024, the Company received a dividend of $75,687 from TangoMe. Arcimoto, Inc During fiscal year 2014 the Company purchased 37,000 shares of Arcimoto, Inc. series A-1 preferred stock for $100,011. The A-1 preferred stock was converted to common stock during 2017 prior to Arcimoto filing for its initial public offering. During 2017, prior to the initial public offering, there was a two The closing price on December 31, 2021 was $7.78 per share (pre-reverse split price), resulting in a stock holdings valuation of $575,720 and in-the-money options valuation of $28,598 at year-end 2021. During 2022 Arcimoto stock price declined throughout the year, from $7.78 on January 1, 2022 to $0.17 (pre-reverse stock split price) on December 31, 2022. On November 30, 2022, Arcimoto stock went through a 20:1 reverse stock split to enable the stock to continue trading on NASDAQ. Ironstone Properties sold its’ holdings in Arcimoto to cover operating expenses during 2022. The Company holds 1,000 Arcimoto common shares post 20:1 reverse split, at $0.024 per share, for a total value of $24 at September 30, 2024. The 250 (post reverse split) Arcimoto stock options have zero Buoy Health, Inc. On March 17, 2021 the Company purchased 11,233 common shares of the private company Buoy Health, Inc. at $15.92 per share, totaling $178,824. During 2022, the investment was marked down $17,882 for the year ended December 31, 2022 reflecting market conditions. The total value of the investment was $160,938 at December 31, 2022. In July, 2023, the Buoy Health, Inc. sold additional shares at $15.85 per share. At that price, the total value of the Company’s investment was $178,043 as of December 31, 2023, resulting in a mark-up gain of $17,101 for the twelve months ended December 31, 2023. There was no change in valuation during the nine months ending September 30, 2024. Aristotle On June 10, 2022 Ironstone Properties, Inc. purchased 5,037 preferred shares of private company Aristotle Inc. from William Hambrecht, CEO at $19.85 per share totaling $100,000. On June 16, 2022 Ironstone Properties, Inc. purchased 5,037 preferred shares of private company Aristotle Inc. from William Mayer, Chairman of the Board of Directors at $19.85 per share totaling $100,000. The total valuation of the investment in Aristotle, Inc. for the year ending December 31, 2022 was $200,000. Given no material activity or transactions during 2023, nor during the six months ending June 30, 2024, there was no change in the valuation of the investment during those periods.

Note 4 - Related Party Transact

Note 4 - Related Party Transactions	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	4. RELATED PARTY TRANSACTIONS On March 10, 2021 William Hambrecht loaned Ironstone Group, Inc. $300,000 at 6.0% interest rate with a March 11, 2026 maturity. On May 27, 2022 William Hambrecht converted to common stock the entirety of the debt outstanding to him, including the aforementioned loans and related accrued interest owed by the Ironstone Properties, Inc. totaling $824,269 for 404,054 common shares of Ironstone Properties, Inc. at $2.04 per share. On June 6, 2022 Harold Bradley, Board of Director member Ironstone Properties Inc. purchased 121,212 common shares from Ironstone Properties Inc. at $1.65 per share, totaling $200,000. On June 10, 2022 Ironstone Properties, Inc. purchased 5,037 preferred shares of private company Aristotle Inc. from William Hambrecht, CEO at $19.85 per share totaling $100,000. On June 16, 2022 Ironstone Properties, Inc. purchased 5,037 preferred shares of private company Aristotle Inc. from William Mayer, Chairman of the Board of Directors at $19.85 per share totaling $100,000.

Note 5 - Note Payable

Note 5 - Note Payable	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Long-Term Debt [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. The note carries an 8% interest rate, per annum, and had a maturity date of March 31, 2017. Interest accrues on the balance and converts to separate notes payable on a quarterly basis. The total amounts due under this agreement, including the notes related to accrued interest, are due in full at the end of the term. 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. The Company was unable to meet its payment obligation by the prescribed deadline, therefore the interest rate stepped up to 10% and interest has been accrued using at the stepped up rate starting April 1, 2017. On November 30, 2022 the Company renewed its note for five years, replacing the note issued April 1, 2012. The renewed terms are 7% interest rate, maturing November 30, 2027. The gross amounts payable under the agreement as of December 31, 2023 and December 31, 2022 was $2,806,867 and $2,618,692 respectively. As part of the note renewal, a warrant was issued to the lender to purchase 319,021 common shares at $2.04 per share. The warrant has a five On May 27, 2022, William Hambrecht, CEO converted a total of $824,269 of debt and accrued interest for 404,054 shares of Ironstone Properties, Inc. common stock at a price of $2.04 per share. The scheduled maturities of notes payable outstanding as of September 30, 2024 are as follows: Open Total Note Payable $ 2,956,403 $ 2,956,403 Letter of Credit 348,843 348,843 Total $ 3,305,247 $ 3,305,247

Note 6 - Line of Credit Arrange

Note 6 - Line of Credit Arrangement	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Line of Credit Facility [Text Block]	6. 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

Note 7 - State Franchise Taxes

Note 7 - State Franchise Taxes Payable	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Franchise Tax Disclosure [Text Block]	7. STATE FRANCHISE TAXES PAYABLE During the nine months ended September 30, 2024 the Company recorded $16,052 in state franchise tax expense, and for the nine months ended September 30, 2023 the Company recorded $18,500 in state franchise tax.

Note 8 - Stockholders' Equity

Note 8 - Stockholders' Equity	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Equity [Text Block]	8. STOCKHOLDERS EQUITY Common Stock The Company has 25,000,000 common equity shares authorized, and a total of 3,472,491 are issued and outstanding, including 745,536 common equity shares held in treasury. On May 27, 2022, William Hambrecht, CEO converted a total of $824,269 of debt and accrued interest for 404,054 shares of Ironstone Properties, Inc. common stock at a price of $2.04 per share. On June 6, 2022 Board of Director member Harold Bradley purchased 121,212 new issue common shares from the Company for a total of $200,000 at a price of $1.65 per share. 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, 2024 and December 31, 2023, the treasury shares are held by the Company. Preferred Stock The Company is authorized to issue up to five Stock Option Plans On April 29, 2021 the Company revised its 2013 Equity Incentive Plan. As of April 29, 2021, an additional 175,000 options were granted under the Plan, with an exercise price of $1.99 per share, which is based on the weighted average price for the trailing six-month average price and an illiquidity discount of 15%. The options vest straight line over three seven For the nine months ended September 30, 2024 the Company recorded share-based compensation expense related to stock options in the amount of $104,178. On February 5, 2024, 50,000 Stock Options were granted to the Company's Chief Financial Officer Robert Hambrecht at an exercise price of $2.00 per share. Operating Earnings (Loss) Per Share Basic net income (loss) per share is computed by dividing the net income (loss) by the weighted number of shares of common stock outstanding during the period. Diluted net income (loss) per share is computed by dividing the net income (loss) for the period by the weighted average number of common and dilutive potential common shares outstanding during the period, if dilutive. Potentially dilutive common equivalent shares are composed of the incremental common shares issuable upon the exercise of stock options. The following is the computations of the basic and diluted net income per share and from operations and the dilutive common stock equivalents for the periods presented: Quarters Ended Nine Months Ended, September 30, 2024 September 30, 2023 September 30, 2024 September 30, 2023 Numerator: Net Operating Gain (Loss) $ (77,149 ) $ (123,365 ) (215,390 ) (388,803 ) Denominator: Weighted average shares outstanding - basic 2,726,955 2,726,955 2,726,955 2,726,955 Effect of dilutive potential shares 395,000 345,000 395,000 345,000 Shares outstanding - diluted 3,121,955 3,071,955 3,121,955 3,071,955 Net loss per share - basic $ (0.03 ) $ (0.05 ) $ (0.08 ) $ (0.14 ) Net loss per share - diluted $ (0.02 ) $ (0.04 ) $ (0.07 ) $ (0.13 ) Comprehensive Earnings (Loss) Per Share Comprehensive earnings include Operating earnings (loss) above, and securities and options investments held mark-to-market gains (loss). Quarters Ended Six Months Ended, September 30, 2024 September 30, 2023 September 30, 2024 September 30, 2023 Numerator: Comprehensive Earnings (Loss) $ (77,149 ) $ (123,365 ) (248,449 ) (388,803 ) Denominator: Weighted average shares outstanding - basic 2,726,955 2,726,955 2,726,955 2,726,955 Effect of dilutive potential shares 395,000 345,000 395,000 345,000 Shares outstanding - diluted 3,121,955 3,071,955 3,121,955 3,071,955 Net loss per share - basic $ (0.03 ) $ (0.05 ) $ (0.09 ) $ (0.14 ) Net loss per share - diluted $ (0.02 ) $ (0.04 ) $ (0.08 ) $ (0.13 )

Note 9 - Management's Plans

Note 9 - Management's Plans	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Substantial Doubt about Going Concern [Text Block]	9. MANAGEMENT S PLANS As reflected in the accompanying financial statements, the Company has net losses and has a negative cash flow from operations. The attainment of profitable operations is dependent upon future events, including liquidity events in privately held investments in excess of purchase price, and or the profitable sale of publicly traded investments. If necessary, to provide liquidity, the Company may seek to sell additional equity securities, or convert existing privately held debt to equity, providing the debt holders are agreeable to the terms and share conversion price. The Company cannot make assurances that it will be able to complete any financing, liquidity, or debt conversion transaction, that such financing, liquidity, or debt conversion transaction will be adequate for the Company’s needs, or that a financing, liquidity or debt conversion transaction will be completed in a timely manner. Furthermore, the Company may seek to sell its marketable securities to meet its operating needs. However, the fair value of these marketable securities fluctuates and may not be adequate for the Company’s needs. The Company has extended its line of credit payment terms with the lender with similar terms to the recently expired line of credit.

Insider Trading Arrangements

Insider Trading Arrangements	9 Months Ended
	Sep. 30, 2024
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	None.
Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
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.
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The unaudited condensed consolidated financial statements included herein have been prepared by the Company in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures, normally included in financial statements prepared in accordance with U.S. GAAP, have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, these unaudited condensed consolidated financial statements contain all adjustments (consisting only of normal recurring adjustments) necessary to present fairly the financial position of the Company as of September 30, 2024 and December 31, 2023, the results of its operations for the three month periods ended September 30, 2024 and September 30, 2023 and nine months ending September 30, 2024 and September 30, 2023 and its cash flows for the nine month periods ended September 30, 2024 and September 30, 2023. The results of operations for the periods presented are not necessarily indicative of those that may be expected for the full year. The condensed consolidated financial statements presented herein have been prepared by management, without audit by independent auditors who do not express an opinion thereon and does not include all disclosures required for annual periods. The last audited annual report on Form 10-K was for the fiscal year ended December 31, 2014. There have been no significant changes in the Company’s significant accounting policies from those were disclosed in its Annual Report on Form 10-K for the fiscal year ended December 31, 2023.
Going Concern [Policy Text Block]	Going Concern These financial statements contemplate the realization of assets and the satisfaction of liabilities in the normal course of business. Ironstone Group has incurred losses and negative cash flows from operations over the last ten years. The Company has operated in the past principally with the assistance of loans from private institutions and related party individuals. The on-going accrual of unpaid interest on external and related party debt, excluding the LOC, continues to increase the financial risk to the Company as a going concern. Conversion of a material portion of the outstanding debt to equity will help alleviate such financial pressure. The financial statements do not include any adjustments relating to the recoverability and classification of asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.
Investment, Policy [Policy Text Block]	Marketable and Non-Marketable Securities Marketable and non-marketable securities have been classified by management as available for sale in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 320, marketable securities are recorded at fair value and any unrealized gains and 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, 2024 and December 31, 2023 are 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. The Company has not realized any such impairment losses to date. Securities determined to be non-marketable by the Company do not have readily determinable fair values. The Company estimates the fair value of these instruments using various pricing models and the information available to the Company that it deems most relevant. Among the factors considered by the Company in determining the fair value of financial instruments are discounted anticipated cash flows, the cost, terms and liquidity of the instrument, the financial condition, operating results and credit ratings of the issuer or underlying company, the quoted market price of publicly traded securities with similar duration and yield, the Black-Scholes Options Valuation methodology adjusted for active market, the share price of recent round of financings by an outsider, and other considerations on a case-by-case basis and other factors generally pertinent to the valuation of financial instruments.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP 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. Significant estimates made in the financial statements relate to the valuation of the Company’s non-marketable investments. Actual results could differ from those estimates.
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. As of September 30, 2024 and December 31, 2023, a full valuation allowance has been recorded to offset loss carryforwards as, in management’s opinion, there is uncertainty as to whether or not the Company will be able to generate taxable income in the future. The Company follows the authoritative guidance on accounting for and disclosure of uncertainty in tax positions, which requires the Company to determine whether a tax position is more likely than not to be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits of the position. For tax positions meeting the more likely than not threshold, the tax amount recognized in the financial statements is reduced by the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the relevant taxing authority. The Company has determined that there is no effect on the financial statements from this authoritative guidance. The Company files tax returns as prescribed by the tax laws of the jurisdictions in which it operates. In the normal course of business, the Company is subject to examination by federal, state, local, and foreign jurisdictions, where applicable. As of September 30, 2024, the tax years that remain subject to examination by the major tax jurisdictions under the statute of limitations is from the year 2017 2016
Share-Based Payment Arrangement [Policy Text Block]	Stock-Based Compensation Ironstone recognizes the fair value of stock options granted on a straight-line basis over the requisite service period of the option grant, which is the standard vesting term of three
Earnings Per Share, Policy [Policy Text Block]	Basic and Diluted Loss per Share Basic loss per share (“EPS”) excludes dilution and is computed by dividing net income (loss) applicable to common shareholders 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.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In August 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-15, “ Disclosure of Uncertainties about an Entity s Ability to Continue as a Going Concern In August 2018, the FASB issued Accounting Standards Update (“ASU”) 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement”. ASU 2018-13 removes certain disclosures, modifies others and introduces additional disclosure requirements for entities. The amendments in ASU 2018-13 for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. The Company adopted the new standard on January 1, 2020. The adoption did not have a material impact on the Company’s financial statements.

Note 2 - Fair Value Measureme_2

Note 2 - Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Level 1 Level 2 Level 3 Balance as of September 30, 2024 Publicly traded common stock $ 24 $ 24 Publicly traded options Private company common stock 200,000 Private company preferred stock 3,206,823 Total $ 3,406,823 $ 3,406,847 Level 1 Level 2 Level 3 Balance as of December 31, 2023 Publicly traded common stock $ 860 $ 860 Publicly traded options Private company common stock 3,239,881 3,239,881 Private company preferred stock 200,000 200,000 Total $ 3,439,881 $ 3,440,741
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]	Fair Value as of September 30, 2024 Valuation Technique Unobservable Inputs Private Company Preferred Stock $ 200,000 Purchase price June 10 and 16, 2022 Acquisition cost Private Company Common Stock $ 178,043 Price of June 2023 Round Recent funding round Private Company Common Stock $ 3,028,780 Valuation range $2.25bn Virtua Valuation Analysis Fair Value as of December 31, 2023 Valuation Technique Unobservable Inputs Private Company Preferred Stock $ 200,000 Purchase price June 10 and 16, 2022 Acquisition cost Private Company Common Stock $ 178,043 Price of June 2023 Round Recent funding round Private Company Common Stock $ 3,061,838 Valuation range $2.25bn Virtua Valuation Analysis
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	Nine months ended September 30, 2024 Balance as of December 31, 2023 $ 3,440,741 Unrealized loss on investments (835 ) Purchase of investment 0 Realized Gain – return of capital (33,059 ) Balance as of September 30, 2024 $ 3,406,847

Note 5 - Note Payable (Tables)

Note 5 - Note Payable (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Maturities of Long-Term Debt [Table Text Block]	Open Total Note Payable $ 2,956,403 $ 2,956,403 Letter of Credit 348,843 348,843 Total $ 3,305,247 $ 3,305,247

Note 8 - Stockholders' Equity (

Note 8 - Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Quarters Ended Nine Months Ended, September 30, 2024 September 30, 2023 September 30, 2024 September 30, 2023 Numerator: Net Operating Gain (Loss) $ (77,149 ) $ (123,365 ) (215,390 ) (388,803 ) Denominator: Weighted average shares outstanding - basic 2,726,955 2,726,955 2,726,955 2,726,955 Effect of dilutive potential shares 395,000 345,000 395,000 345,000 Shares outstanding - diluted 3,121,955 3,071,955 3,121,955 3,071,955 Net loss per share - basic $ (0.03 ) $ (0.05 ) $ (0.08 ) $ (0.14 ) Net loss per share - diluted $ (0.02 ) $ (0.04 ) $ (0.07 ) $ (0.13 )
Schedule of Comprehensive Earnings Per Share, Basic and Diluted [Table Text Block]	Quarters Ended Six Months Ended, September 30, 2024 September 30, 2023 September 30, 2024 September 30, 2023 Numerator: Comprehensive Earnings (Loss) $ (77,149 ) $ (123,365 ) (248,449 ) (388,803 ) Denominator: Weighted average shares outstanding - basic 2,726,955 2,726,955 2,726,955 2,726,955 Effect of dilutive potential shares 395,000 345,000 395,000 345,000 Shares outstanding - diluted 3,121,955 3,071,955 3,121,955 3,071,955 Net loss per share - basic $ (0.03 ) $ (0.05 ) $ (0.09 ) $ (0.14 ) Net loss per share - diluted $ (0.02 ) $ (0.04 ) $ (0.08 ) $ (0.13 )

Note 1 - Business and Summary_2

Note 1 - Business and Summary of Significant Accounting Policies (Details Textual)	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period	3 years
Domestic Tax Jurisdiction [Member] | Internal Revenue Service (IRS) [Member]
Open Tax Year	2018 2019 2020 2021
State and Local Jurisdiction [Member] | California Franchise Tax Board [Member]
Open Tax Year	2017 2018 2019 2020 2021

Note 2 - Fair Value Measureme_3

Note 2 - Fair Value Measurements - Financial Instruments Measured at Fair Value on a Recurring Basis (Details) - Fair Value, Recurring [Member] - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Inputs, Level 3 [Member]
Investments, fair value	$ 3,406,823	$ 3,439,881
Publicly Traded Common Stock [Member] | Fair Value, Inputs, Level 1 [Member]
Investments, fair value	24	860
Private Company Common Stock [Member]
Investments, fair value		3,239,881
Private Company Common Stock [Member] | Fair Value, Inputs, Level 3 [Member]
Investments, fair value	200,000	3,239,881
Private Company Preferred Stock [Member]
Investments, fair value		200,000
Private Company Preferred Stock [Member] | Fair Value, Inputs, Level 3 [Member]
Investments, fair value	$ 3,206,823	$ 200,000

Note 2 - Fair Value Measureme_4

Note 2 - Fair Value Measurements - Investments Measured at Fair Value Using Significant Unobservable Inputs (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Private Company Preferred Stock [Member] | Valuation, Cost Approach [Member] | Purchase Price [Member]
Investments, fair value	$ 200,000	$ 200,000
Private Company Common Stock [Member] | Valuation, Cost Approach [Member] | Purchase Price [Member]
Investments, fair value	178,043	178,043
Private Company Common Stock [Member] | Valuation, Market Approach [Member] | Measurement Input, Quoted Price [Member]
Investments, fair value	$ 3,028,780	$ 3,061,838

Note 2 - Fair Value Measureme_5

Note 2 - Fair Value Measurements - Additional Information about Level 3 Assets Measured at Fair Value on a Recurring Basis (Details)	9 Months Ended
	Sep. 30, 2024 USD ($)
Balance as of December 31, 2021	$ 3,440,741
Unrealized gain on investments	(835)
Purchase of investment	0
Realized Gain – return of capital	(33,059)
Balance as of June 30, 2024	$ 3,406,847

Note 3 - Investments (Details T

Note 3 - Investments (Details Textual)									1 Months Ended	9 Months Ended		12 Months Ended
	May 03, 2024 USD ($)	Jan. 03, 2024 USD ($) $ / shares shares	Jun. 16, 2022 USD ($) $ / shares shares	Jun. 10, 2022 USD ($) $ / shares shares	Mar. 17, 2021 USD ($) $ / shares shares	Sep. 17, 2017 $ / shares shares	Oct. 02, 2015 $ / shares shares	Mar. 30, 2012 USD ($) $ / shares shares	Jul. 31, 2023 $ / shares	Sep. 30, 2024 USD ($) $ / shares shares	Sep. 30, 2023 USD ($)	Dec. 31, 2017 shares	Dec. 31, 2014 USD ($) shares	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($) $ / shares	Dec. 31, 2021 USD ($) $ / shares
Debt and Equity Securities, Realized Gain (Loss)										$ 11,663	$ 0
Arcimoto, Inc. [Member] | Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio												2
TangoMe, Inc. [Member]
Investment Owned, Shares Sold During Period, Shares | shares		15,448
Investment Owned, Shares Sold, Price Per Share | $ / shares		$ 2.89
Proceeds from Sale of Equity Securities, FV-NI		$ 44,721
Debt and Equity Securities, Realized Gain (Loss)		11,663
Investment Owned, Return of Capital		$ 33,058
Dividend Income, Operating	$ 75,687
TangoMe, Inc, Series A Preferred Stock [Member]
Investment Owned, at Fair Value														$ 3,061,838	$ 4,303,369
Investment Owned, Increase (Decrease) in Fair Value														1,241,118
TangoMe, Inc, Series A Preferred Stock [Member] | Chief Executive Officer [Member]
Investment Purchased, Shares | shares								468,121
Investment Purchased, Price Per Share | $ / shares								$ 2.14
Investment Purchased, Value								$ 1,000,000
Arcimoto, Inc. Series A-1 Preferred Stock [Member]
Investment Purchased, Shares | shares													37,000
Payments to Acquire Investments													$ 100,011
Options in Arcimoto, Inc [Member]
Investment Owned, at Fair Value										$ 0						$ 28,598
Investment Owned, Balance, Shares | shares						5,000	2,500			250		74,000
Option Indexed to Issuer's Equity, Strike Price | $ / shares						$ 2.0605	$ 4.121
Share Price | $ / shares															$ 0.17	$ 7.78
Arcimoto, Inc. [Member]
Share Price | $ / shares																$ 7.78
Common Stock in Arcimoto, Inc [Member]
Investment Owned, at Fair Value										$ 24						$ 575,720
Investment Owned, Balance, Shares | shares										1,000
Share Price | $ / shares										$ 0.024
Common Shares of Buoy Health, Inc [Member]
Investment Purchased, Shares | shares					11,233
Investment Purchased, Price Per Share | $ / shares					$ 15.92				$ 15.85
Investment Owned, at Fair Value					$ 178,824									178,043	$ 160,938
Investment Owned, Increase (Decrease) in Fair Value														$ 17,101	(17,882)
Preferred Stock in Aristotle [Member]
Investment Purchased, Shares | shares			5,037	5,037
Investment Purchased, Price Per Share | $ / shares			$ 19.85	$ 19.85
Investment Purchased, Value			$ 100,000
Investment Owned, at Fair Value				$ 100,000											$ 200,000
Preferred Stock in Aristotle [Member] | Chief Executive Officer [Member]
Investment Purchased, Shares | shares				5,037
Investment Purchased, Price Per Share | $ / shares				$ 19.85
Payments to Acquire Investments				$ 100,000

Note 4 - Related Party Transa_2

Note 4 - Related Party Transactions (Details Textual) - USD ($)	Jun. 16, 2022	Jun. 10, 2022	Jun. 06, 2022	May 27, 2022	Mar. 10, 2021
Preferred Stock in Aristotle [Member]
Investment Purchased, Shares	5,037	5,037
Investment Purchased, Price Per Share	$ 19.85	$ 19.85
Conversion of Debt into Common Stock [Member]
Debt Conversion, Original Debt, Amount				$ 824,269
Debt Conversion, Converted Instrument, Shares Issued (in shares)				404,054
Debt Instrument, Convertible, Conversion Price (in dollars per share)				$ 2.04
Chief Executive Officer [Member] | Preferred Stock in Aristotle [Member]
Investment Purchased, Shares		5,037
Investment Purchased, Price Per Share		$ 19.85
Payments to Acquire Investments		$ 100,000
Chief Executive Officer [Member] | Conversion of Debt into Common Stock [Member]
Debt Conversion, Original Debt, Amount				$ 824,269
Debt Conversion, Converted Instrument, Shares Issued (in shares)				404,054
Debt Instrument, Convertible, Conversion Price (in dollars per share)				$ 2.04
Chief Executive Officer [Member] | Loans Payable [Member]
Debt Instrument, Face Amount					$ 300,000
Debt Instrument, Interest Rate, Stated Percentage					6%
Director [Member]
Stock Issued During Period, Shares, New Issues (in shares)			121,212
Shares Issued, Price Per Share (in dollars per share)			$ 1.65
Stock Issued During Period, Value, New Issues			$ 200,000
Director [Member] | Preferred Stock in Aristotle [Member]
Investment Purchased, Shares	5,037
Investment Purchased, Price Per Share	$ 19.85
Payments to Acquire Investments	$ 100,000

Note 5 - Note Payable (Details

Note 5 - Note Payable (Details Textual) - USD ($)	May 27, 2022	Mar. 31, 2012	Dec. 31, 2023	Dec. 31, 2022	Nov. 30, 2022	Apr. 01, 2017
Conversion of Debt into Common Stock [Member]
Debt Conversion, Original Debt, Amount	$ 824,269
Debt Conversion, Converted Instrument, Shares Issued (in shares)	404,054
Debt Instrument, Convertible, Conversion Price (in dollars per share)	$ 2.04
Conversion of Debt into Common Stock [Member] | Chief Executive Officer [Member]
Debt Conversion, Original Debt, Amount	$ 824,269
Debt Conversion, Converted Instrument, Shares Issued (in shares)	404,054
Debt Instrument, Convertible, Conversion Price (in dollars per share)	$ 2.04
Note Renewal Warrants [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights					319,021
Class of Warrant or Right, Exercise Price of Warrants or Rights					$ 2.04
Warrants and Rights Outstanding, Term					5 years
Notes Payable, Other Payables [Member]
Proceeds from Notes Payable		$ 1,000,000
Debt Instrument, Interest Rate, Stated Percentage		8%			7%	10%
Debt Instrument, Interest Rate, Default Percentage		10%
Long-Term Debt, Gross			$ 2,806,867	$ 2,618,692

Note 5 - Note Payable - Schedul

Note 5 - Note Payable - Scheduled Maturities (Details)	Sep. 30, 2024 USD ($)
Open	$ 3,305,247
Total	3,305,247
Letter of Credit [Member]
Open	348,843
Total	348,843
Notes Payable, Other Payables [Member]
Open	2,956,403
Total	$ 2,956,403

Note 6 - Line of Credit Arran_2

Note 6 - Line of Credit Arrangement (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2021	Dec. 31, 2020
Investment, Variable Interest Rate, Type [Extensible Enumeration]	us-gaap:PrimeRateMember		us-gaap:PrimeRateMember
Long-Term Line of Credit, Total	$ 348,843		$ 348,843		$ 348,843
Interest Expense, Debt	54,713	$ 55,488	168,661	$ 162,642
First Republic Bank [Member] | Line of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 350,000		$ 350,000
Debt Instrument, Basis Spread on Variable Rate			4.50%
Debt Instrument, Interest Rate, Effective Percentage						7.75%
Debt Instrument, Interest Rate, Stated Percentage							7.75%
Long-Term Line of Credit, Total					$ 348,843
Interest Expense, Debt			$ 19,125	$ 23,131

Note 7 - State Franchise Taxe_2

Note 7 - State Franchise Taxes Payable (Details Textual) - USD ($)	Sep. 30, 2024	Jun. 30, 2023
Franchise Taxes in Arrears, Total	$ 16,052	$ 18,500

Note 8 - Stockholders' Equity_2

Note 8 - Stockholders' Equity (Details Textual) - USD ($)						3 Months Ended		9 Months Ended		12 Months Ended
	Feb. 05, 2024	Jun. 06, 2022	May 27, 2022	Apr. 29, 2021	Sep. 15, 2003	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2008	Dec. 31, 2023
Common Stock, Shares Authorized						25,000,000		25,000,000			25,000,000
Common Stock, Shares, Issued						3,472,491		3,472,491			2,937,225
Common Stock, Shares, Outstanding (in shares)						3,472,491		3,472,491			2,937,225
Treasury Stock, Common, Shares						745,536		745,536			745,536
Treasury Stock, Shares, Acquired					745,536
Shares Acquired, Average Cost Per Share					$ 0.7
Treasury Stock, Value, Acquired, Cost Method					$ 521,875					$ 699
Treasury Stock, Acquired, Percentage of Outstanding Shares					50.11%
Preferred Stock, Shares Authorized						5,000,000		5,000,000			5,000,000
Share-Based Payment Arrangement, Expense						$ 8,341	$ 62,209	$ 104,178	$ 184,599
Chief Financial Officer [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross	50,000
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share)	$ 2
Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period								3 years
Share-Based Payment Arrangement, Expense								$ 104,178
Equity Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross				175,000
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share)				$ 1.99
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period				3 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)				7 years
Share Price				$ 2.34
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Exercise Price				$ 1.99
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term				3 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate				0.35%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate				185%
Director [Member]
Stock Issued During Period, Shares, New Issues (in shares)		121,212
Stock Issued During Period, Value, New Issues		$ 200,000
Shares Issued, Price Per Share (in dollars per share)		$ 1.65
Conversion of Debt into Common Stock [Member]
Debt Conversion, Original Debt, Amount			$ 824,269
Debt Conversion, Converted Instrument, Shares Issued (in shares)			404,054
Debt Instrument, Convertible, Conversion Price (in dollars per share)			$ 2.04

Note 8 - Stockholders' Equity -

Note 8 - Stockholders' Equity - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($)	3 Months Ended		6 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net Operating Loss	$ (77,149)	$ (123,365)			$ (215,390)	$ (388,803)
Weighted average shares outstanding (in shares)	2,726,955	2,726,955	2,726,955	2,726,955	2,726,955	2,726,955
Effect of dilutive potential shares (in shares)	395,000	345,000	395,000	345,000	395,000	345,000
Shares outstanding - diluted (in shares)	3,121,955	3,071,955	3,121,955	3,071,955	3,121,955	3,071,955
Net loss per share - basic (in dollars per share)	$ (0.03)	$ (0.05)			$ (0.08)	$ (0.14)
Net loss per share - diluted (in dollars per share)	$ (0.02)	$ (0.04)			$ (0.07)	$ (0.13)

Note 8 - Stockholders' Equity_3

Note 8 - Stockholders' Equity - Computation of Comprehensive Earnings (Loss) Per Share (Details) - USD ($)	3 Months Ended		6 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net Comprehensive Earnings	$ (77,149)	$ (123,365)	$ (248,449)	$ (388,803)	$ (248,449)	$ (388,803)
Weighted average shares outstanding (in shares)	2,726,955	2,726,955	2,726,955	2,726,955	2,726,955	2,726,955
Effect of dilutive potential shares (in shares)	395,000	345,000	395,000	345,000	395,000	345,000
Shares outstanding - diluted (in shares)	3,121,955	3,071,955	3,121,955	3,071,955	3,121,955	3,071,955
Net comprehensive profit (loss) per share (in dollars per share)	$ (0.03)	$ (0.05)	$ (0.09)	$ (0.14)	$ (0.09)	$ (0.14)
Net gain (loss) per share - diluted (in dollars per share)	$ (0.02)	$ (0.04)	$ (0.08)	$ (0.13)