Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2018 | May 14, 2018 | |
Document Information [Line Items] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Mar. 31, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q1 | |
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 | 16,504,636 |
Condensed Balance Sheet
Condensed Balance Sheet - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
Current assets: | ||
Cash | $ 236 | $ 270 |
Total assets | 236 | 270 |
Current liabilities: | ||
Accounts payable | 22,003 | 21,826 |
Total current liabilities | 22,003 | 21,826 |
Shareholders’ equity (deficit): | ||
Common stock, no par value, 30,000,000 shares authorized, 16,504,636 shares issued and outstanding at March 31, 2018 and 16,141,303 shares issued and outstanding at December 31, 2017 | 33,944,017 | 33,933,117 |
Accumulated deficit | (33,965,784) | (33,954,673) |
Total stockholders’ equity (deficit) | (21,767) | (21,556) |
Total liabilities and stockholders’ equity (deficit) | $ 236 | $ 270 |
Condensed Balance Sheet _Parent
Condensed Balance Sheet [Parenthetical] - $ / shares | Mar. 31, 2018 | Dec. 31, 2017 |
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 | 16,504,636 | 16,141,303 |
Common stock, shares, outstanding | 16,504,636 | 16,141,303 |
Condensed Statements of Operati
Condensed Statements of Operations - USD ($) | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Net revenues | $ 0 | $ 0 |
General and administrative expenses | 11,111 | 10,136 |
Operating loss | (11,111) | (10,136) |
Income taxes | 0 | 0 |
Net loss | $ (11,111) | $ (10,136) |
Per share amounts - basic and diluted (Note 2) | $ 0 | $ 0 |
Weighted average shares outstanding - basic and diluted (Note 2) | 16,218,007 | 15,450,373 |
Condensed Statements of Cash Fl
Condensed Statements of Cash Flows - USD ($) | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Cash flows from operating activities: | ||
Net loss | $ (11,111) | $ (10,136) |
Changes in assets and liabilities that provided (used) cash: | ||
Accounts payable | 177 | (2,160) |
Net cash used in operating activities | (10,934) | (12,296) |
Cash flows from financing activities: | ||
Sale of common stock | 10,900 | 12,287 |
Net decrease in cash | (34) | (9) |
Cash at beginning of period | 270 | 303 |
Cash at end of period | 236 | 294 |
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 | 3 Months Ended |
Mar. 31, 2018 | |
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 one-for-five 5,248,257 50,000 62.50 Month and Year Shares Proceeds December, 2010 500,000 $ 15,000 November, 2011 375,000 15,000 September, 2012 1,500,000 15,000 November, 2013 361,766 10,853 February, March, and August 2014 733,300 21,803 March, August, and November 2015 394,506 15,780 February, March, April, July, August, and November 2016 523,867 18,635 January, February, June, July, September, November, and December 2017 955,883 21,262 March, 2018 363,333 10,900 Dorman Industries currently is the beneficial owner of 66.38 3.64 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. 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 50,000 264,233 As reflected in the accompanying balance sheet at March 31, 2018, cash totals $ 236 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 month periods ended March 31, 2018 and 2017 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 | 3 Months Ended |
Mar. 31, 2018 | |
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 month periods ended March 31, 2018 and 2017 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 (Tables)
Basis of Presentation (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Organization, Consolidation and Presentation Of Financial Statements [Abstract] | |
Schedule of Subsequent Sales of Common Stock [Table Text Block] | The Company has made subsequent sales of common stock to Dorman Industries in order to raise cash to pay operating expenses: Month and Year Shares Proceeds December, 2010 500,000 $ 15,000 November, 2011 375,000 15,000 September, 2012 1,500,000 15,000 November, 2013 361,766 10,853 February, March, and August 2014 733,300 21,803 March, August, and November 2015 394,506 15,780 February, March, April, July, August, and November 2016 523,867 18,635 January, February, June, July, September, November, and December 2017 955,883 21,262 March, 2018 363,333 10,900 |
Basis of Presentation (Details)
Basis of Presentation (Details) - Dorman Industries [Member] - USD ($) | 1 Months Ended | 3 Months Ended | 12 Months Ended | |||||||
Mar. 31, 2018 | Apr. 30, 2004 | Mar. 31, 2018 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |
Basis of Presentation and Business [Line Items] | ||||||||||
Sale Of Post Split Shares | 363,333 | 5,248,257 | 955,883 | 523,867 | 394,506 | 733,300 | 361,766 | 1,500,000 | 375,000 | 500,000 |
Sale Of Post Split Shares Value | $ 10,900 | $ 50,000 | $ 21,262 | $ 18,635 | $ 15,780 | $ 21,803 | $ 10,853 | $ 15,000 | $ 15,000 | $ 15,000 |
Basis of Presentation (Details
Basis of Presentation (Details Textual) - USD ($) | 1 Months Ended | 3 Months Ended | 12 Months Ended | |||||||||||
Mar. 31, 2018 | Apr. 30, 2004 | Mar. 31, 2018 | Mar. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2017 | Apr. 01, 2004 | Mar. 31, 2004 | |
Basis of Presentation [Line Items] | ||||||||||||||
Cash | $ 236 | $ 236 | $ 294 | $ 303 | $ 270 | $ 30,000 | ||||||||
Stockholders' Equity, Reverse Stock Split | one-for-five | |||||||||||||
Proceeds From Issuance Of Common Stock | $ 264,233 | $ 10,900 | $ 12,287 | |||||||||||
Dorman Industries [Member] | ||||||||||||||
Basis of Presentation [Line Items] | ||||||||||||||
Sale Of Post Split Shares | 363,333 | 5,248,257 | 955,883 | 523,867 | 394,506 | 733,300 | 361,766 | 1,500,000 | 375,000 | 500,000 | ||||
Sale Of Post Split Shares Value | $ 10,900 | $ 50,000 | $ 21,262 | $ 18,635 | $ 15,780 | $ 21,803 | $ 10,853 | $ 15,000 | $ 15,000 | $ 15,000 | ||||
Proceeds From Issuance Of Common Stock | 50,000 | |||||||||||||
Noncontrolling Interest, Ownership Percentage By Parent | 66.38% | 66.38% | 62.50% | |||||||||||
Payment for Discontinued Operations, Disposal Cost | $ 30,000 | |||||||||||||
Patricia A. Dorman [Member] | ||||||||||||||
Basis of Presentation [Line Items] | ||||||||||||||
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 3.64% | 3.64% |