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| ☒ | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|
For the fiscal year ended
|
December 31, 2015
|
| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|
For the transition period from ___________________________________
|
to ________________________________
|
|
Commission File No.
|
0-55108
|
|
BLACKBOXSTOCKS INC.
|
|
(Exact name of registrant as specified in its charter)
|
|
Nevada
|
45-3598066
|
|
|
(State or other jurisdiction of
incorporation or organization)
|
(I.R.S. Employer
Identification No.)
|
|
5430 LBJ Freeway, Suite 1485, Dallas, Texas
|
75240
|
|
(Address of principal executive offices)
|
(Zip Code)
|
|
Registrant's telephone number, including area code
|
(
972) 726-9203
|
|
Title of each class
|
Name of each exchange on which registered
|
|
|
None
|
None
|
|
|
Common Stock, par value $.001
|
|
(Title of class)
|
|
|
|
Page
|
|
INTRODUCTORY COMMENT
|
1
|
|
|
FORWARD LOOKING STATEMENTS
|
1
|
|
|
PART I
|
2
|
|
|
ITEM 1.
|
BUSINESS
|
2
|
|
ITEM 1A.
|
RISK FACTORS
|
5
|
|
ITEM 1B.
|
UNRESOLVED STAFF COMMENTS
|
5
|
|
ITEM 2.
|
PROPERTIES
|
5
|
|
ITEM 3.
|
LEGAL PROCEEDINGS
|
5
|
|
ITEM 4.
|
MINE SAFETY DISCLOSURES
|
5
|
|
|
|
|
|
PART II
|
6
|
|
|
ITEM 5.
|
MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
|
6
|
|
ITEM 6.
|
SELECTED FINANCIAL DATA
|
7
|
|
ITEM 7.
|
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
|
7
|
|
ITEM 7A.
|
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
|
11
|
|
ITEM 8.
|
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
|
11
|
|
ITEM 9.
|
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
|
11
|
|
ITEM 9A.
|
CONTROLS AND PROCEDURES
|
11
|
|
ITEM 9B.
|
OTHER INFORMATION
|
13
|
|
|
|
|
|
PART III
|
13
|
|
|
ITEM 10.
|
DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
|
13
|
|
ITEM 11.
|
EXECUTIVE COMPENSATION
|
15
|
|
ITEM 12.
|
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
|
15
|
|
ITEM 13.
|
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE
|
16
|
|
ITEM 14.
|
PRINCIPAL ACCOUNTANT FEES AND SERVICES
|
17
|
|
PART IV
|
20
|
|
|
ITEM 15.
|
EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
|
20
|
|
|
|
|
|
SIGNATURES
|
|
23
|
|
|
|
Common Stock
Bid
Price
|
|
|||||
|
Financial Quarter Ended
|
|
High ($)
|
|
|
Low ($)
|
|
||
|
|
|
|
|
|
|
|
||
|
December 31, 2015
|
|
|
0.03
|
|
|
|
0.03
|
|
|
September 30, 2015
|
|
|
0.03
|
|
|
|
0.01
|
|
|
June 30, 2015
|
|
|
0.01
|
|
|
|
0.01
|
|
|
March 31, 2015
|
|
|
0.00
|
|
|
|
0.00
|
|
|
December 31, 2014
|
|
|
0.00
|
|
|
|
0.00
|
|
|
September 30, 2014
|
|
|
0.00
|
|
|
|
0.00
|
|
|
June 30, 2014
|
|
|
0.00
|
|
|
|
0.00
|
|
|
March 31, 2014
|
|
|
0.00
|
|
|
|
0.00
|
|
|
●
|
pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Company;
|
|
●
|
provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the Company; and
|
|
●
|
provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company's assets that could have a material effect on the financial statements.
|
|
Executive
Officer and
Director
|
Age
|
Date of
Appointment
|
Position(s) Held
|
|
Gust Kepler
|
51
|
December 1, 2015
|
Director, President, Chief Executive Officer, Chief Financial Officer and Secretary
|
|
Title of Class
|
Name and Address of
Beneficial Owner
|
Amount and
Nature of
Beneficial Owner
|
Percent of
Class
|
|
Common Stock
|
|||
|
As a Group
|
Officers and Directors (1 person)
|
9,064,990
|
45%
|
|
As Individuals
|
Gust Kepler
|
9,064,990
|
45%
|
|
Karma Black Box, LLC
2 Lake Forest Court
Trophy Club, Texas 76262
|
5,000,000
|
25%
|
|
|
Series A Preferred Stock
|
|||
|
As a Group
|
Officers and Directors (1 person)
|
5,000,000
|
100%
|
|
As Individuals
|
Gust Kepler
|
5,000,000
|
100%
|
|
(a)
|
Financial Statements
|
|
Page
|
|
|
Report of Independent Registered Public Accounting Firm
|
F-1
|
|
Consolidated Balance Sheets as of December 31, 2015 and 2014
|
F-2
|
|
Consolidated Statements of Operations for the year ended December 31, 2015 and for the period April 28, 2014 (inception) through December 31, 2014
|
F-3
|
|
Consolidated Statements of Stockholders' Equity for year ended December 31, 2015 and for the period April 28, 2014 (inception) through December 31, 2014
|
F-4
|
|
Consolidated Statements of Cash Flows for the year ended December 31, 2015 and for the period April 28, 2014 (inception) through December 31, 2014
|
F-5
|
|
Notes to Consolidated Financial Statements
|
F-6 – F-13
|
|
(b)
|
Exhibits
|
|
Exhibit
|
Description
|
|
2.1
|
First Amended, Modified Chapter 11 Plan Proposed by Debtors, in the United States Bankruptcy Court, Northern District of Texas, Dallas Division, In Re: Senior Management Services of Treemont, Inc., et. Al., Debtors, Case No. 07-30230, Jointly Administered, dated August 1, 2007 (incorporated by reference to Exhibit 2.1 of the Company's Registration Statement on Form 10-12G filed with the Commission on August 5, 2014).
|
|
2.2
|
Order Confirming First Amended, Modified Chapter 11 Plan Proposed by Debtors, Case No. 07-30230, signed August 1, 2007 (incorporated by reference to Exhibit 2.2 of the Company's Registration Statement on Form 10-12G filed with the Commission on August 5, 2014).
|
|
2.3
|
Notice of Entry of Confirmation Order dated August 10, 2007 (incorporated by reference to Exhibit 2.3 of the Company's Registration Statement on Form 10-12G filed with the Commission on August 5, 2014).
|
|
2.4
|
Post Confirmation Certificate of Completion dated August 5, 2013 (incorporated by reference to Exhibit 2.4 of the Company's Registration Statement on Form 10-12G filed with the Commission on August 5, 2014).
|
|
2.5
|
Stock Purchase Agreement dated August 1, 2013, between SMSA Ballinger Acquisition Corp. and Orsolya Peresztegi (incorporated by reference to Exhibit 2.5 of the Company's Registration Statement on Form 10-12G filed with the Commission on August 5, 2014).
|
|
2.6
|
Form of Share Exchange Agreement dated December 1, 2015, by and among SMSA Ballinger Acquisition Corp., Tiger Trade Technologies, Inc.
and the stockholders of Tiger Trade
(incorporated by reference to Exhibit 2.1 of the Company's Information Statement on Form 8-K filed with the Commission on December 7, 2015).
|
|
3.1
|
Agreement and Plan of Merger by and between Senior Management Services of Heritage Oaks at Ballinger, Inc. and SMSA Ballinger Acquisition Corp. dated October 4, 2011 (incorporated by reference to Exhibit 3.1 of the Company's Registration Statement on Form 10-12G filed with the Commission on August 5, 2014).
|
|
3.2
|
Articles of Merger as filed with the Secretary of State of the State of Nevada on October 18, 2011 (incorporated by reference to Exhibit 3.2 of the Company's Registration Statement on Form 10-12G filed with the Commission on August 5, 2014).
|
|
3.3
|
Certificate of Merger as filed with the Secretary of State of the State of Texas on October 18, 2011 (incorporated by reference to Exhibit 3.3 of the Company's Registration Statement on Form 10-12G filed with the Commission on August 5, 2014).
|
|
3.4
|
Articles of Incorporation of SMSA Ballinger Acquisition Corp. (incorporated by reference to Exhibit 3.4 of the Company's Registration Statement on Form 10-12G filed with the Commission on August 5, 2014).
|
|
3.5
|
Certificate of Designation of Series A Preferred Stock dated December 1, 2015 (incorporated by reference to Exhibit 3.1 of the Company's Information Statement on Form 8-K filed with the Commission on December 7, 2015).
|
|
3.6
|
Agreement and Plan of Merger dated February 8, 2016 by and between SMSA Ballinger Acquisition Corp. and Tiger Trade Technologies, Inc. (incorporated by reference to Exhibit 2.1 of the Company's Information Statement on Form 8-K filed with the Commission on February 10, 2016).
|
|
3.7
|
Articles of Merger as filed with the Secretary of State of the State of Nevada on February 9, 2016.*
|
|
3.8
|
Certificate of Merger as filed with the Secretary of State of the State of Texas on February 9, 2016.*
|
|
3.9
|
Certificate of Amendment to Articles of Incorporation dated effective March 9, 2016*
|
|
3.10
|
Bylaws of SMSA Ballinger Acquisition Corp. (incorporated by reference to Exhibit 3.5 of the Company's Registration Statement on Form 10-12G filed with the Commission on August 5, 2014).
|
|
10.1
|
Distributor Agreement dated August 1, 2013 between Snotarator LLC and SMSA Ballinger Acquisition Corp. (incorporated by reference to Exhibit 10.1 of the Company's Registration Statement on Form 10-12G filed with the Commission on August 5, 2014).
|
|
10.2
|
Letter Agreement dated April 15, 2014 between HFG Consulting LLC and SMSA Ballinger Acquisition Corp. (incorporated by reference to Exhibit 10.2 of the Company's Registration Statement on Form 10-12G filed with the Commission on August 5, 2014).
|
|
10.3
|
Letter Agreement dated May 15, 2015 extending expiration of the Distributor Agreement dated August 1, 2013 between Snotarator LLC and SMSA Ballinger Acquisition Corp. (incorporated by reference to Exhibit 10.3 of the Company's Quarterly Report on Form 10-Q filed with the Commission on August 7, 2015).
|
|
10.4
|
Cancellation Agreement dated December 1, 2015 among SMSA Ballinger Acquisition Corp., Tiger Trade and Orsolya Peresztegi (incorporated by reference to Exhibit 10.1 of the Company's Information Statement on Form 8-K filed with the Commission on December 7, 2015).
|
|
10.5
|
Intellectual Property Assignment and Work for Hire Agreement dated April 29, 2014 by and between Tiger Trade, Inc. and Karma BlackBox, LLC (incorporated by reference to Exhibit 10.2 of the Company's Information Statement on Form 8-K filed with the Commission on December 7, 2015).
|
|
10.6
|
Intellectual Property Assignment and Work for Hire Agreement dated April 29, 2014 by and between Tiger Trade, Inc. and Gust Kepler (incorporated by reference to Exhibit 10.3 of the Company's Information Statement on Form 8-K filed with the Commission on December 7, 2015).
|
|
10.7
|
Stock Repurchase and Cancelation Agreement dated December 31, 2014 by and between Tiger Trade, Inc. and Gust Kepler (incorporated by reference to Exhibit 10.4 of the Company's Information Statement on Form 8-K filed with the Commission on December 7, 2015).
|
|
10.8
|
Series A Convertible Preferred Stock Purchase Agreement dated August 27, 2014 between
Tiger Trade, Inc. and Gust Kepler (incorporated by reference to Exhibit 10.5 of the Company's Information Statement on Form 8-K filed with the Commission on December 7, 2015).
|
|
10.9
|
Consulting Agreement dated April 28, 2014 between G2 International, Inc. and Tiger Trade Technologies, Inc. (incorporated by reference to Exhibit 10.6 of the Company's Information Statement on Form 8-K filed with the Commission on December 7, 2015).
|
|
10.10
|
Consulting Agreement Extension between G2 International, Inc. and Tiger Trade Technologies, Inc. (incorporated by reference to Exhibit 10.7 of the Company's Information Statement on Form 8-K filed with the Commission on December 7, 2015).
|
|
10.11
|
Termination of Distributorship Agreement and Release dated December 1, 2015 between SMSA Ballinger Acquisition Corp. and Snotarator LLC (incorporated by reference to Exhibit 10.8 of the Company's Information Statement on Form 8-K filed with the Commission on December 7, 2015).
|
|
10.12
|
Termination of HFG Consulting Agreement and Release dated December 1, 2015 between SMSA Ballinger Acquisition Corp. and HFG Consulting, LLC (incorporated by reference to Exhibit 10.9 of the Company's Information Statement on Form 8-K filed with the Commission on December 7, 2015).
|
|
10.13
|
Stock Cancellation Agreement dated February 10, 2016 by and between SMSA Ballinger Acquisition Corp and Gust C. Kepler (incorporated by reference to Exhibit 10.1 of the Company's Information Statement on Form 8-K filed with the Commission on February 10, 2016).
|
|
10.14
|
Sublease Agreement between G2 International, Inc. and Tiger Trade Technologies, Inc. dated July 1, 2015*
|
|
31.1
|
Certification of Principal Executive Officer pursuant to Rule 13a-14a/Rule 14d-14(a)*
|
|
31.2
|
Certification of Principal Financial Officer pursuant to Rule 13a-14a/Rule 14d-14(a)*
|
|
32.1
|
Certification of Principal Executive Officer pursuant to 18 U.S.C. Section 1350.*
|
|
32.2
|
Certification of Principal Financial Officer pursuant to 18 U.S.C. Section 1350.*
|
|
101.1
|
Interactive data files pursuant to Rule 405 of Regulation S-T*
|
|
Date: April 14, 2016
|
BLACKBOXSTOCKS INC.
|
|
|
|
By:
|
/s/ Gust Kepler
|
|
Gust Kepler
|
||
|
President, Chief Executive Officer and Secretary
(Principal Executive Officer and Principal Financial
and Accounting Officer)
|
||
|
SIGNATURE
|
TITLE
|
DATE
|
||
|
/s/ Gust Kepler
Gust Kepler
|
President, Chief Executive Officer, Secretary and
Director (Principal Executive Officer and
Principal Financial and Accounting Officer)
|
April 14, 2016
|
||
|
Blackboxstocks Inc. (formerly SMSA Ballinger Acquisition Corp.) and Subsidiary
|
||||||||
|
Consolidated Balance Sheets
|
||||||||
|
December 31, 2015 and December 31, 2014
|
||||||||
|
2015
|
2014
|
|||||||
|
Assets
|
||||||||
|
Current assets:
|
||||||||
|
Cash
|
$
|
60,286
|
$
|
200,530
|
||||
|
Investments, trading
|
414
|
-
|
||||||
|
Prepaid expenses
|
3,414
|
-
|
||||||
|
Prepaid expenses, related parties (Note 6)
|
154,500
|
-
|
||||||
|
Total current assets
|
218,614
|
200,530
|
||||||
|
Property:
|
||||||||
|
Computer and related equipment
|
15,465
|
-
|
||||||
|
Total property
|
15,465
|
-
|
||||||
|
Total Assets
|
$
|
234,079
|
$
|
200,530
|
||||
|
Liabilities and Stockholders' Equity
|
||||||||
|
Current liabilities:
|
||||||||
|
Accounts payable
|
$
|
29,148
|
$
|
7,318
|
||||
|
Accounts payable, related parties (Note 6)
|
-
|
125,243
|
||||||
|
Total current liabilities
|
29,148
|
132,561
|
||||||
|
Commitments and contingencies (Note 7)
|
||||||||
|
Stockholders' Equity:
|
||||||||
|
Preferred stock, $0.001 par value, 5,000,000 shares authorized;
|
||||||||
|
no shares issued and outstanding at December 31, 2015 and 2014
|
-
|
-
|
||||||
|
Series A Convertible Preferred Stock, $0.001 par value, 5,000,000
|
||||||||
|
shares authorized; 5,000,000 and no shares issued and outstanding
|
||||||||
|
at December 31, 2015 and 2014, respectively
|
5,000
|
-
|
||||||
|
Common stock, $0.001 par value, 100,000,000 shares
|
||||||||
|
authorized: 20,835,010 and 16,300,000 issued, 20,835,010 and 16,400,000
|
||||||||
|
outstanding at December 31, 2015 and 2014, respectively
|
20,835
|
16,400
|
||||||
|
Additional paid in capital
|
799,607
|
298,600
|
||||||
|
Treasury stock, no shares at December 31, 2015 and 100,000 shares at
|
||||||||
|
December 31, 2014, at cost
|
-
|
(50,000
|
)
|
|||||
|
Accumulated deficit
|
(620,511
|
)
|
(197,031
|
)
|
||||
|
Total Stockholders' Equity
|
204,931
|
67,969
|
||||||
|
Total Liabilities and Stockholders' Equity
|
$
|
234,079
|
$
|
200,530
|
||||
|
Blackboxstocks Inc.(formerly SMSA Ballinger Acquisition Corp.) and Subsidiary
|
||||||||
|
Consolidated Statements of Operations
|
||||||||
|
for the year ended December 31, 2015 and the period April 28, 2014 (inception) through December 31, 2014
|
||||||||
|
2015
|
2014
|
|||||||
|
Revenue
|
$
|
-
|
$
|
-
|
||||
|
Cost of operations
|
-
|
-
|
||||||
|
Gross margin
|
-
|
-
|
||||||
|
Expenses:
|
||||||||
|
Software development costs
|
185,324
|
118,843
|
||||||
|
General and administrative
|
238,156
|
78,188
|
||||||
|
Total operating expenses
|
423,480
|
197,031
|
||||||
|
Operating loss
|
(423,480
|
)
|
(197,031
|
)
|
||||
|
Loss before income taxes
|
(423,480
|
)
|
(197,031
|
)
|
||||
|
Income taxes
|
-
|
-
|
||||||
|
Net loss
|
$
|
(423,480
|
)
|
$
|
(197,031
|
)
|
||
|
Weighted average number of common
|
||||||||
|
shares outstanding - basic
|
17,633,595
|
16,013,360
|
||||||
|
Net loss per share - basic
|
$
|
(0.02
|
)
|
$
|
(0.01
|
)
|
||
|
Blackboxstocks Inc. (formerly SMSA Ballinger Acquisition Corp.) and Subsidiary
|
||||||||||||||||||||||||||||||||||||||||
|
Consolidated Statement of Stockholders' Equity
|
||||||||||||||||||||||||||||||||||||||||
|
For the year ended December 31, 2015 and the period April 28, 2014 (inception) through December 31, 2014
|
||||||||||||||||||||||||||||||||||||||||
|
Additional
|
||||||||||||||||||||||||||||||||||||||||
|
Series A Preferred Stock
|
Preferred Stock
|
Common Stock
|
Paid-in
|
Accumulated
|
Treasury
|
|||||||||||||||||||||||||||||||||||
|
Shares
|
Amount
|
Shares
|
Amount
|
Shares
|
Amount
|
Capital
|
Deficit
|
Stock
|
Total
|
|||||||||||||||||||||||||||||||
|
Balance at April 28, 2014
|
-
|
$
|
-
|
-
|
$
|
-
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
|||||||||||||||||||||||
|
Issuance of shares in exchange for design services of trade
|
||||||||||||||||||||||||||||||||||||||||
|
dress and initial creation of application software
|
-
|
-
|
-
|
-
|
15,000,000
|
15,000
|
-
|
-
|
-
|
15,000
|
||||||||||||||||||||||||||||||
|
Issuance of shares in exchange for cash
|
-
|
-
|
-
|
-
|
1,400,000
|
1,400
|
298,600
|
-
|
-
|
300,000
|
||||||||||||||||||||||||||||||
|
Purchase of treasury stock
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(50,000
|
)
|
(50,000
|
)
|
||||||||||||||||||||||||||||
|
Net loss
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(197,031
|
)
|
-
|
(197,031
|
)
|
||||||||||||||||||||||||||||
|
Balance at December 31, 2014
|
-
|
-
|
-
|
-
|
16,400,000
|
16,400
|
298,600
|
(197,031
|
)
|
(50,000
|
)
|
67,969
|
||||||||||||||||||||||||||||
|
Issuance of shares in exchange for cash
|
-
|
-
|
-
|
-
|
1,600,000
|
1,600
|
798,400
|
-
|
-
|
800,000
|
||||||||||||||||||||||||||||||
|
Issuance of shares in exchange for cash
|
5,000,000
|
5,000
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
5,000
|
||||||||||||||||||||||||||||||
|
Retirement and cancellation of treasury shares
|
(100,000
|
)
|
(100
|
)
|
(49,900
|
)
|
50,000
|
-
|
||||||||||||||||||||||||||||||||
|
Issuance of shares by SMSA in reverse merger transaction
|
10,030,612
|
10,031
|
(9,589
|
)
|
442
|
|||||||||||||||||||||||||||||||||||
|
Purchase and cancellation of shares in exchange for cash
|
(7,095,602
|
)
|
(7,096
|
)
|
(237,904
|
)
|
(245,000
|
)
|
||||||||||||||||||||||||||||||||
|
Net loss
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(423,480
|
)
|
-
|
(423,480
|
)
|
||||||||||||||||||||||||||||
|
Balance at December 31, 2015
|
5,000,000
|
$
|
5,000
|
-
|
$
|
-
|
20,835,010
|
$
|
20,835
|
$
|
799,607
|
$
|
(620,511
|
)
|
$
|
-
|
$
|
204,931
|
||||||||||||||||||||||
|
Blackboxstocks Inc. (formerly SMSA Ballinger Acquisition Corp.) and Subsidiary
|
||||||||
|
Consolidated Statements of Cash Flows
|
||||||||
|
for the year ended December 31, 2015 and the period April 28, 2014 (inception) through December 31, 2014
|
||||||||
|
2015
|
2014
|
|||||||
|
Cash flows from operating activities
|
||||||||
|
Net loss
|
$
|
(423,480
|
)
|
$
|
(197,031
|
)
|
||
|
Adjustments to reconcile net loss to net cash used in
|
||||||||
|
operating activities:
|
||||||||
|
Common stock issued in exchange for software development
|
-
|
15,000
|
||||||
|
Changes in operating assets and liabilities:
|
||||||||
|
Investments, trading
|
(414
|
)
|
-
|
|||||
|
Prepaid expenses
|
(3,414
|
)
|
-
|
|||||
|
Prepaid expenses, related parties
|
(154,500
|
)
|
-
|
|||||
|
Accounts payable
|
21,830
|
7,318
|
||||||
|
Accounts payable, related parties
|
(125,243
|
)
|
125,243
|
|||||
|
Net cash used in operating activities
|
(685,221
|
)
|
(49,470
|
)
|
||||
|
Cash flows from investing activities
|
||||||||
|
Advance to stockholder
|
-
|
(50,000
|
)
|
|||||
|
Cash received in reverse merger transaction
|
442
|
-
|
||||||
|
Purchases of fixed assets
|
(15,465
|
)
|
-
|
|||||
|
Net cash used in investing activities
|
(15,023
|
)
|
(50,000
|
)
|
||||
|
Cash flows from financing activities
|
||||||||
|
Common stock issued for cash
|
800,000
|
300,000
|
||||||
|
Preferred stock issued for cash
|
5,000
|
-
|
||||||
|
Payment for cancellation of common stock
|
(245,000
|
)
|
-
|
|||||
|
Net cash provided by financing activities
|
560,000
|
300,000
|
||||||
|
Net increase(decrease) in cash
|
(140,244
|
)
|
200,530
|
|||||
|
Cash - beginning of period
|
200,530
|
-
|
||||||
|
Cash - end of period
|
$
|
60,286
|
$
|
200,530
|
||||
|
Supplemental disclosure-
|
||||||||
|
Non-cash investing and financing activities:
|
||||||||
|
Repurchase of shares to hold in treasury in exchange for stockholder advance
|
$
|
-
|
$
|
50,000
|
||||
|
Cancellation of treasury shares
|
$
|
50,000
|
$
|
-
|
||||
|
2016
|
$
|
40,179
|
|||
|
2017
|
$
|
41,680
|
|||
|
2018
|
$
|
43,182
|
|||
|
2019
|
$
|
44,684
|
|||
|
2020
|
$
|
11,265
|
|
2015
|
2014
|
|||||||
|
Income tax benefit at statutory rate
|
$
|
144,000
|
$
|
67,000
|
||||
|
Permanent differences
|
( -
|
)
|
( -
|
)
|
||||
|
Change in valuation allowance
|
(144,000
|
)
|
(67,000
|
)
|
||||
|
Provision for federal income taxes
|
$
|
-
|
$
|
-
|
||||
No information found
* THE VALUE IS THE MARKET VALUE AS OF THE LAST DAY OF THE QUARTER FOR WHICH THE 13F WAS FILED.
| FUND | NUMBER OF SHARES | VALUE ($) | PUT OR CALL |
|---|
| DIRECTORS | AGE | BIO | OTHER DIRECTOR MEMBERSHIPS |
|---|
No information found
No Customers Found
No Suppliers Found
Price
Yield
| Owner | Position | Direct Shares | Indirect Shares |
|---|