Sandston (SDON) 10-Q 14 Aug 15 2015 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 14, 2015
Document Information [Line Items]
Entity Registrant Name	SANDSTON CORP
Entity Central Index Key	892,832
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	SDON
Entity Common Stock, Shares Outstanding		14,536,303
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2

Condensed Balance Sheet

Condensed Balance Sheet - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash	$ 891	$ 2,356
Total assets	891	2,356
Current liabilities:
Accounts payable	21,551	23,118
Total current liabilities	21,551	23,118
Shareholders' equity (deficit):
Common stock, no par value, 30,000,000 shares authorized, 14,536,303 shares outstanding at June 30, 2015 and 14,267,047 shares outstanding at December 31, 2014	33,888,210	33,877,440
Accumulated deficit	(33,908,870)	(33,898,202)
Total shareholders’ equity (deficit)	(20,660)	(20,762)
Total liabilities and shareholders’ equity (deficit)	$ 891	$ 2,356

Condensed Balance Sheet _Parent

Condensed Balance Sheet [Parenthetical] - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Common Stock, No Par Value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized	30,000,000	30,000,000
Common Stock, Shares, Issued	14,536,303	14,267,047
Common stock, shares, outstanding	14,536,303	14,267,047

Condensed Statements of Operati

Condensed Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net revenues	$ 0	$ 0	$ 0	$ 0
General and administrative expenses	1,673	1,423	10,668	12,495
Loss before income taxes	(1,673)	(1,423)	(10,668)	(12,495)
Income taxes	0	0	0	0
Net loss	$ (1,673)	$ (1,423)	$ (10,668)	$ (12,495)
Loss per share amounts - basic and diluted (Note 2): (in dollars per share)	$ 0	$ 0	$ 0	$ 0
Weighted average shares outstanding - basic and diluted (Note 2): (in shares)	14,536,303	14,053,347	14,424,733	13,871,030

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net loss	$ (10,668)	$ (12,495)
Changes in assets and liabilities that provided (used) cash:
Accounts payable	(1,567)	(2,538)
Net cash used in operating activities	(12,235)	(15,033)
Cash flows from financing activities:
Sale of common stock	10,770	15,392
Net increase (decrease) in cash	(1,465)	359
Cash at beginning of period	2,356	4,807
Cash at end of period	891	5,166
Supplemental disclosures of cash flow information:
Cash paid for interest	0	0
Cash paid for income taxes	$ 0	$ 0

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation Of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 1 - Basis of Presentation Pursuant to a recommendation of the Company’s Board of Directors and approval by its shareholders on January 13, 2004, the Company sold to NC Acquisition Corporation (the "Purchaser") on March 31, 2004 all of its tangible and intangible assets, including its real estate, accounts, equipment, intellectual property, inventory, subsidiaries, goodwill, and other intangibles, except for $30,000 in cash, (the "Net Asset Sale"). The Purchaser also assumed all of the Company’s liabilities pursuant to the Net Asset Sale. Following the Net Asset Sale, the Company’s only remaining assets were $ 30,000 5,248,257 50,000 62.50 500,000 15,000 375,000 15,000 1,500,000 15,000 361,766 10,853 733,300 21,803 269,256 10,770 Effective April 1, 2004, the Company became a "public shell" corporation. The Company intends to build long-term shareholder value by acquiring and/or investing in and operating strategically positioned companies. The Company expects to target companies in multiple industry groups. The Company has yet to acquire, or enter into an agreement to acquire, any company or entity. During the period prior to the Net Asset Sale, the Company’s businesses included 1) the design, manufacture, and marketing of environmentally ruggedized computers and computer displays known as industrial workstations; 2) the design, development and marketing of software for worldwide use in factory automation and control and in test and measurement environments; and 3) providing application engineering support to customers of its own and third parties’ products. These businesses were sold on March 31, 2004 to the Purchaser. Liquidity and Management Plans The Company became a "public shell" corporation on April 1, 2004 following the Net Asset Sale and since that date its operational activities have been limited to considering sundry and various acquisition opportunities, and its financial activities have been limited to administrative activities and incurring expenditures for accounting, legal, filing, printing, office and auditing services. These expenditures have been paid with the $ 30,000 50,000 208,426 As reflected in the accompanying balance sheet at June 30, 2015, cash totals $ 891 61.83 In the opinion of management, all adjustments considered necessary for a fair presentation of the consolidated financial statements for the interim periods have been included. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to the Securities and Exchange Commission’s rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s latest annual report on Form 10-K. The results of the operations for the three- and six- month periods ended June 30, 2015 and 2014 are not necessarily indicative of the results to be expected for the full year. Additionally, since the Net Asset Sale, which was effective April 1, 2004, the Company has had no revenue generating activities.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Note 2 – Earnings Per Share The weighted average shares outstanding used in computing basic loss per share for the three- and six-month periods ended June 30, 2015 and 2014 have been adjusted to give effect to the five-for-one reverse stock split discussed in Note 1. The Company has no dilutive securities.

Basis of Presentation (Details

Basis of Presentation (Details Textual) - USD ($)	1 Months Ended	6 Months Ended		12 Months Ended
	Apr. 30, 2004	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Apr. 01, 2004	Mar. 31, 2004
Basis of Presentation [Line Items]
Cash		$ 891	$ 5,166	$ 2,356	$ 4,807					$ 30,000
Sale Of Post Split Shares	5,248,257
Sale Of Post Split Shares Value	$ 50,000
Proceeds From Issuance Of Common Stock	50,000	$ 10,770	$ 15,392
Payment for Discontinued Operations, Disposal Cost	30,000
Dorman Industries [Member]
Basis of Presentation [Line Items]
Sale Of Post Split Shares		269,256		733,300	361,766	1,500,000	375,000	500,000
Sale Of Post Split Shares Value		$ 10,770		$ 21,803	$ 10,853	$ 15,000	$ 15,000	$ 15,000
Proceeds From Issuance Of Common Stock	$ 208,426
Noncontrolling Interest, Ownership Percentage By Parent		61.83%							62.50%

Earnings Per Share (Details Tex

Earnings Per Share (Details Textual)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share [Line Items]
Stockholders' Equity, Reverse Stock Split	five-for-one	five-for-one	five-for-one	five-for-one