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Ironstone Properties (IRNS)

Document And Entity Information

Document And Entity Information - shares9 Months Ended
Sep. 30, 2021Nov. 08, 2021
Document Information [Line Items]
Entity Central Index Key0000723269
Entity Registrant NameIRONSTONE GROUP INC
Amendment Flagfalse
Current Fiscal Year End Date--12-31
Document Fiscal Period FocusQ3
Document Fiscal Year Focus2021
Document Type10-Q
Document Quarterly Reporttrue
Document Period End DateSep. 30,
2021
Document Transition Reportfalse
Entity File Number0-12346
Entity Incorporation, State or Country CodeDE
Entity Tax Identification Number95-2829956
Entity Address, Address Line One909 Montgomery Street
Entity Address, City or TownSan Francisco
Entity Address, State or ProvinceCA
Entity Address, Postal Zip Code94133
City Area Code415
Local Phone Number551-8600
Title of 12(g) SecurityCommon Stock, $0.01 par value
Entity Current Reporting StatusYes
Entity Interactive Data CurrentYes
Entity Filer CategoryNon-accelerated Filer
Entity Small Businesstrue
Entity Emerging Growth Companyfalse
Entity Shell Companyfalse
Entity Common Stock, Shares Outstanding2,191,689

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)3 Months Ended9 Months Ended12 Months Ended
Sep. 30, 2021Sep. 30, 2021Dec. 31, 2020
ASSETS:
Cash $ 49,396 $ 49,396 $ (39)
Investments:
Marketable securities892,668 892,668 1,034,868
Non-marketable securities4,960,344 4,960,344 2,574,665
Total assets5,902,408 5,902,408 3,609,494
LIABILITIES AND STOCKHOLDERS' EQUITY:
Accounts payable and accrued expenses33,998 33,998 151,121
Line of credit borrowings350,000 350,000 350,000
Note payable2,272,237 2,272,237 2,109,857
Note payable - related party624,313 624,313 317,625
Interest payable - related party170,216 170,216 139,292
Total liabilities3,450,764 3,450,764 3,067,895
Stockholders' equity
Preferred stock, $0.01 par value, 5,000,000 shares authorized, no shares issued and outstanding0 0 0
Common stock, $0.01 par value, 25,000,000 shares authorized, of which 2,937,225 shares are issued and outstanding as of September 30, 2021 and December 31, 202029,372 29,372 29,372
Additional paid-in capital21,839,083 21,839,083 21,839,083
Additional paid-in capital - stock options104,809 104,809 0
Accumulated deficit(22,476,131)(22,476,131)(23,204,026)
Accumulated other comprehensive Income1,762,930 1,762,930 1,762,930
Net income1,610,954 1,714,155 636,814
Stockholders' Equity before Treasury Stock2,974,218 2,974,218 1,064,173
Less: Treasury Stock, 745,536 shares, at cost(522,574)(522,574)(522,574)
Total stockholders' equity2,451,644 2,451,644 541,599
Total liabilities and stockholders' equity $ 5,902,408 $ 5,902,408 $ 3,609,494

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / sharesSep. 30, 2021Dec. 31, 2020
Preferred stock, par value (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 0
Preferred stock, shares outstanding (in shares)0 0
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares)25,000,000 25,000,000
Common stock, shares issued (in shares)2,937,225 2,937,225
Common stock, shares outstanding (in shares)2,937,225 2,937,225
Treasury stock, shares (in shares)745,536 745,536

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Profit (Unaudited) - USD ($)3 Months Ended9 Months Ended
Sep. 30, 2021Sep. 30, 2020Sep. 30, 2021Sep. 30, 2020
Operating expenses:
Compensation - stock options $ 62,209 $ 0 $ 104,809 $ 0
Professional fees12,094 0 23,430 234
General and administrative expenses(4,277)0 (4,316)0
State and local taxes2,358 3,250 12,957 12,150
Total operating expenses72,384 3,250 136,880 12,384
Loss from operations(72,384)(3,250)(136,880)(12,384)
Other expense:
Interest expense(56,829)(60,359)(182,697)(176,132)
Interest expense to related party(11,649)(6,520)(30,924)(18,800)
Net operating loss(140,862)(70,130)(350,501)(207,316)
COMPREHENSIVE PROFIT, NET OF TAX:
Net operating loss(140,862)(70,130)(350,501)(207,316)
Unrealized holding gain (loss) arising during the period1,751,816 99,540 2,064,656 390,378
Comprehensive profit $ 1,610,954 $ 29,410 $ 1,714,155 $ 183,061
Basic gain (loss) per share
Net operating loss per share (in dollars per share) $ (0.06) $ (0.03) $ (0.16) $ (0.09)
Net comprehensive profit per share (in dollars per share) $ 0.74 $ 0.01 $ 0.78 $ 0.08
Shares outstanding (in shares)2,191,689 2,191,689 2,191,689 2,191,689

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)9 Months Ended
Sep. 30, 2021Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net lncome $ (350,501) $ (207,316)
Changes in operating assets and liabilities:
Accounts payable and accrued expenses(82,022)12,384
Interest payable127,280 155,844
Interest payable - related party30,924 18,800
Net cash used in operating activities(274,320)(20,288)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of notes payable306,688 20,288
Paid in capital stock options104,809 0
Prior period adjustment accrued expenses91,081
Net cash provided by financing activities502,578 20,288
CASH FLOWS FROM INVESTING ACTIVITIES:
Investment in non-marketable securities(178,824)0
Net cash used by investing activities(178,824)0
Net increase in cash49,435 0
Cash at beginning of period(39)(39)
Cash at end of period49,396 (39)
Cash paid during the period for interest13,629 0
Cash paid during the period for state franchise taxes24,311 0
Share-based Payment Arrangement, Option [Member] | Equity Incentive Plan [Member]
Supplemental noncash investing and financing activities:
Officer and director common stock options issued $ 104,809 $ 0

Note 1 - Business and Summary o

Note 1 - Business and Summary of Significant Accounting Policies9 Months Ended
Sep. 30, 2021
Notes to Financial Statements
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]1. Business Activities Ironstone Group, Inc. and subsidiaries purchases business interests where the Company has a relationship and influence; examples include being a current or prior board of director member, providing seed level capital, and serving in an advisory capacity. Currently Ironstone Group, Inc. is seeking appropriate business combination opportunities. Ironstone Group, Inc, (“Ironstone” or the “Company”) a Delaware corporation, was incorporated in 1972. Name Change On September 30, 2021 September 30, 2021 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, 2021 December 31, 2020, three September 30, 2021 September 30, 2020 nine September 30, 2021 September 30, 2020 nine September 30, 2021 September 30, 2020. not may not not 10 December 31, 2014. There have been no 10 December 31, 2014. 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 not 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, September 30, 2021 December 31, 2020 not not Securities determined to be non-marketable by the Company do not 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, 2021 December 31, 2020, not 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 not 50% no 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, 2021, 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 may may not not 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, 2014 15, Disclosure of Uncertainties about an Entity s Ability to Continue as a Going Concern 2014 15” 2014 15 2014 15 December 15, 2016. 2014 15. In August 2018, 2018 13, 820 2018 13 2018 13 December 15, 2019. 3 January 1, 2020. not

Note 2 - Fair Value Measurement

Note 2 - Fair Value Measurements9 Months Ended
Sep. 30, 2021
Notes to Financial Statements
Fair Value Disclosures [Text Block]2. Fair value is defined under FASB ASC 820, Fair Value Measurement and Disclosures 820 820 820 820 three first two may Level 1 not 1 not Level 2 one not 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, 2021 December 31, 2020 Balance as of September 30, Level 1 Level 2 Level 3 2021 Investments: Publicly traded common stock $ 845,820 $ - $ - $ 845,820 Publicly traded options 46,848 46,848 Private company common stock - - 178,824 178,824 Private company preferred stock - - 4,781,520 4,781,520 Total $ 892,668 $ - $ 4,960,344 $ 5,853,012 Balance as of December 31, Level 1 Level 2 Level 3 2020 Investments: Publicly traded common stock $ 979,020 $ - $ - $ 979,020 Publicly traded options $ 55,848 55,848 Private company common stock - - - Private company preferred stock - - 2,574,665 2,574,665 Total $ 1,034,868 $ - $ 2,574,665 $ 3,609,533 The following tables presents the Company’s investments measured at fair value using significant unobservable inputs (Level 3 Fair Value as of September 30, 2021 Valuation Technique Unobservable Inputs Private Company Common Stock $ 178,824 Purchase price 3-10-2021 Acquisition cost Private Company Preferred Stock $ 4,781,521 Big data technology "MESE" valuation system company valuation range $1.2bn to $5.0bn Best-fit $2.6bn company growth 131.9% SPAC inqueries Fair Value as of December 31, 2020 Valuation Technique Unobservable Inputs Private Company Preferred Stock $ 2,574,665 Big data technology "MESE" valuation system company valuation average range $1.0bn to $1.5bn SPAC inqueries The following table presents additional information about Level 3 nine September 30, 2021 2020. may 3 3 may Nine Months Ended September 30, 2021 Balance as of December 31, 2020 $ 2,574,665 Unrealized gain on investments 2,206,855 Purchase of investment 178,824 Balance as of September 30, 2021 $ 4,960,344 Nine Months Ended September 30, 2020 Balance as of December 31, 2019 $ 2,574,665 Unrealized gain on investments - Purchase of investment - Balance as of September 30, 2020 $ 2,574,665

Note 3 - Investments

Note 3 - Investments9 Months Ended
Sep. 30, 2021
Notes to Financial Statements
Investment [Text Block]3. TangoMe, Inc. On March 30, 2012, December 31, 2020 $2.6bn, September 30, 2021. three nine September 30, 2021. Arcimoto, Inc. During fiscal year 2014 1 1 2017 2017, one October 2, 2015 October 2, 2025. two one September 17, 2017, December 31, 2020 September 30, 2021 September 30, 2021 September 30, 2021. Buoy Health, Inc. On March 17, 2021 September 30, 2021.

Note 4 - Related Party Transact

Note 4 - Related Party Transactions9 Months Ended
Sep. 30, 2021
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]4. On December 31, 2014 one September 30, 2021 December 31, 2020 December 31, 2025. A loan was made to Ironstone Properties, Inc. by William R. Hambrecht resulting from William R. Hambrecht paying the interest on the Bank Letter of Credit from the time period January 2016 March 2021. September 30, 2021 December 31, 2020 September 30, 2021 December 31, 2020 March 31, 2026. On March 10, 2021 March 11, 2026 September 30, 2021

Note 5 - Note Payable

Note 5 - Note Payable9 Months Ended
Sep. 30, 2021
Notes to Financial Statements
Long-term Debt [Text Block]5. On March 31, 2012, third March 31, 2017. April 1, 2017. September 30, 2021 December 31, 2020 The scheduled maturities of notes and LOC payable outstanding as of September 30, 2021 2025 2026 pending Total Notes payable $ - $ - $ 2,272,237 $ 2,272,237 Letter of Credit - - 350,000 350,000 Notes payable - related party 182,000 442,313 - 624,313 Total $ 182,000 $ 442,313 $ 2,622,237 $ 3,246,550

Note 6 - Line of Credit Arrange

Note 6 - Line of Credit Arrangement9 Months Ended
Sep. 30, 2021
Notes to Financial Statements
Line of Credit Facility [Text Block]6. 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 plus 4.5% and is payable monthly. At September 30, 2020 December 31, 2020, September 30, 2021 December 31, 2020, September 30, 2021 December 31, 2020 January 2016 March 2021

Note 7 - State Franchise Taxes

Note 7 - State Franchise Taxes Payable9 Months Ended
Sep. 30, 2021
Notes to Financial Statements
Franchise Tax Disclosure [Text Block]7. During Q3, 2021 March 1, 2017 March 2017 March 2021. 2015 March 2017 During the period March 2017 March 2021,

Note 8 - Stockholders' Equity

Note 8 - Stockholders' Equity9 Months Ended
Sep. 30, 2021
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]8. EQUITY Common Stock On January 2, 2014, On May 1, 2014, third September 30, 2014, third Treasury Stock On September 15, 2003, December 31, 2008, September 30, 2021 December 31, 2020, Preferred Stock The Company is authorized to issue up to five million shares of preferred stock without further shareholder approval; the rights, preferences and privileges of which would be determined at the time of issuance. No shares have been issued as of September 30, 2021 December 31, 2020. Stock Option Plans On April 29, 2021 April 29, 2021, six three seven Stock-Based Compensation For the quarter ended September 30, 2021 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, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Numerator: Net Operating Loss $ (140,862 ) $ (70,130 ) $ (350,501 ) $ (207,316 ) Denominator: Weighted average shares outstanding - basic 2,191,689 2,191,689 2,191,689 2,191,689 Effect of dilutive potential shares 175,000 - 175,000 - Shares outstanding - diluted 2,366,689 2,191,689 2,366,689 2,191,689 Net loss per share - basic $ (0.06 ) $ (0.03 ) $ (0.16 ) $ (0.09 ) Net loss per share - diluted $ (0.06 ) $ (0.03 ) $ (0.15 ) $ (0.09 ) 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 Nine months ended September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Numerator: Net Comprehensive Income $ 1,610,954 $ 29,410 $ 1,714,155 $ 183,061 Denominator: Weighted average shares outstanding - basic 2,191,689 2,191,689 2,191,689 2,191,689 Effect of dilutive potential shares 175,000 - 175,000 - Shares outstanding - diluted 2,366,689 2,191,689 2,366,689 2,191,689 Net comprehensive income per share - basic $ 0.74 $ 0.01 $ 0.78 $ 0.08 Net comprehensive income per share - diluted $ 0.68 $ 0.01 $ 0.72 $ 0.08

Note 9 - Management's Plans

Note 9 - Management's Plans9 Months Ended
Sep. 30, 2021
Notes to Financial Statements
Substantial Doubt about Going Concern [Text Block]8. 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 may may not

Significant Accounting Policies

Significant Accounting Policies (Policies)9 Months Ended
Sep. 30, 2021
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, 2021 December 31, 2020, three September 30, 2021 September 30, 2020 nine September 30, 2021 September 30, 2020 nine September 30, 2021 September 30, 2020. not may not not 10 December 31, 2014. There have been no 10 December 31, 2014.
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 not
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, September 30, 2021 December 31, 2020 not not Securities determined to be non-marketable by the Company do not
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, 2021 December 31, 2020, not 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 not 50% no 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, 2021, 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 may may not not
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, 2014 15, Disclosure of Uncertainties about an Entity s Ability to Continue as a Going Concern 2014 15” 2014 15 2014 15 December 15, 2016. 2014 15. In August 2018, 2018 13, 820 2018 13 2018 13 December 15, 2019. 3 January 1, 2020. not

Note 2 - Fair Value Measureme_2

Note 2 - Fair Value Measurements (Tables)9 Months Ended
Sep. 30, 2021
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]Balance as of September 30, Level 1 Level 2 Level 3 2021 Investments: Publicly traded common stock $ 845,820 $ - $ - $ 845,820 Publicly traded options 46,848 46,848 Private company common stock - - 178,824 178,824 Private company preferred stock - - 4,781,520 4,781,520 Total $ 892,668 $ - $ 4,960,344 $ 5,853,012 Balance as of December 31, Level 1 Level 2 Level 3 2020 Investments: Publicly traded common stock $ 979,020 $ - $ - $ 979,020 Publicly traded options $ 55,848 55,848 Private company common stock - - - Private company preferred stock - - 2,574,665 2,574,665 Total $ 1,034,868 $ - $ 2,574,665 $ 3,609,533
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]Fair Value as of September 30, 2021 Valuation Technique Unobservable Inputs Private Company Common Stock $ 178,824 Purchase price 3-10-2021 Acquisition cost Private Company Preferred Stock $ 4,781,521 Big data technology "MESE" valuation system company valuation range $1.2bn to $5.0bn Best-fit $2.6bn company growth 131.9% SPAC inqueries Fair Value as of December 31, 2020 Valuation Technique Unobservable Inputs Private Company Preferred Stock $ 2,574,665 Big data technology "MESE" valuation system company valuation average range $1.0bn to $1.5bn SPAC inqueries
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]Nine Months Ended September 30, 2021 Balance as of December 31, 2020 $ 2,574,665 Unrealized gain on investments 2,206,855 Purchase of investment 178,824 Balance as of September 30, 2021 $ 4,960,344 Nine Months Ended September 30, 2020 Balance as of December 31, 2019 $ 2,574,665 Unrealized gain on investments - Purchase of investment - Balance as of September 30, 2020 $ 2,574,665

Note 5 - Note Payable (Tables)

Note 5 - Note Payable (Tables)9 Months Ended
Sep. 30, 2021
Notes Tables
Schedule of Maturities of Long-term Debt [Table Text Block]2025 2026 pending Total Notes payable $ - $ - $ 2,272,237 $ 2,272,237 Letter of Credit - - 350,000 350,000 Notes payable - related party 182,000 442,313 - 624,313 Total $ 182,000 $ 442,313 $ 2,622,237 $ 3,246,550

Note 8 - Stockholders' Equity (

Note 8 - Stockholders' Equity (Tables)9 Months Ended
Sep. 30, 2021
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]Quarters Ended Nine months ended September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Numerator: Net Operating Loss $ (140,862 ) $ (70,130 ) $ (350,501 ) $ (207,316 ) Denominator: Weighted average shares outstanding - basic 2,191,689 2,191,689 2,191,689 2,191,689 Effect of dilutive potential shares 175,000 - 175,000 - Shares outstanding - diluted 2,366,689 2,191,689 2,366,689 2,191,689 Net loss per share - basic $ (0.06 ) $ (0.03 ) $ (0.16 ) $ (0.09 ) Net loss per share - diluted $ (0.06 ) $ (0.03 ) $ (0.15 ) $ (0.09 )
Schedule of Comprehensive Earnings Per Share, Basic and Diluted [Table Text Block]Quarters Ended Nine months ended September 30, 2021 September 30, 2020 September 30, 2021 September 30, 2020 Numerator: Net Comprehensive Income $ 1,610,954 $ 29,410 $ 1,714,155 $ 183,061 Denominator: Weighted average shares outstanding - basic 2,191,689 2,191,689 2,191,689 2,191,689 Effect of dilutive potential shares 175,000 - 175,000 - Shares outstanding - diluted 2,366,689 2,191,689 2,366,689 2,191,689 Net comprehensive income per share - basic $ 0.74 $ 0.01 $ 0.78 $ 0.08 Net comprehensive income per share - diluted $ 0.68 $ 0.01 $ 0.72 $ 0.08

Note 1 - Business and Summary_2

Note 1 - Business and Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands9 Months Ended12 Months Ended
Sep. 30, 2021Dec. 31, 2020
Other than Temporary Impairment Losses, Investments, Total $ 0 $ 0
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member]
Open Tax Year2017 2018 2019 2020
State and Local Jurisdiction [Member] | California Franchise Tax Board [Member]
Open Tax Year2016 2017 2018 2019 2020

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, 2021Dec. 31, 2020
Investments, fair value $ 5,853,012 $ 3,609,533
Publicly Traded Common Stock [Member]
Investments, fair value845,820 979,020
Publicly Traded Options [Member]
Investments, fair value46,848 55,848
Private Company Common Stock [Member]
Investments, fair value178,824
Private Company Preferred Stock [Member]
Investments, fair value4,781,520 2,574,665
Fair Value, Inputs, Level 1 [Member]
Investments, fair value892,668 1,034,868
Fair Value, Inputs, Level 1 [Member] | Publicly Traded Common Stock [Member]
Investments, fair value845,820 979,020
Fair Value, Inputs, Level 1 [Member] | Publicly Traded Options [Member]
Investments, fair value46,848 55,848
Fair Value, Inputs, Level 3 [Member]
Investments, fair value4,960,344 2,574,665
Fair Value, Inputs, Level 3 [Member] | Private Company Common Stock [Member]
Investments, fair value178,824
Fair Value, Inputs, Level 3 [Member] | Private Company Preferred Stock [Member]
Investments, fair value $ 4,781,520 $ 2,574,665

Note 2 - Fair Value Measureme_4

Note 2 - Fair Value Measurements - Investments Measured at Fair Value Using Significant Unobservable Inputs (Details) - USD ($)Sep. 30, 2021Dec. 31, 2020
Private Company Common Stock [Member] | Valuation, Cost Approach [Member] | Purchase Price [Member]
Investments, fair value $ 178,824
Private Company Preferred Stock [Member] | Valuation, Market Approach [Member] | Measurement Input, Quoted Price [Member]
Investments, fair value $ 4,781,521 $ 2,574,665

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) - USD ($)9 Months Ended
Sep. 30, 2021Sep. 30, 2020
Balance as of December 31, 2020 $ 2,574,665 $ 2,574,665
Unrealized gain on investments2,206,855 0
Purchase of investment178,824 0
Balance as of September 30, 2021 $ 4,960,344 $ 2,574,665

Note 3 - Investments (Details T

Note 3 - Investments (Details Textual)Mar. 17, 2021USD ($)$ / sharessharesOct. 02, 2015$ / sharessharesMar. 30, 2012USD ($)$ / sharessharesSep. 30, 2021USD ($)$ / sharesSep. 30, 2021USD ($)$ / sharesDec. 31, 2020USD ($)$ / sharesDec. 31, 2018$ / sharessharesDec. 31, 2017sharesDec. 31, 2014USD ($)shares
Arcimoto, Inc. [Member]
Share Price (in dollars per share) | $ / shares $ 11.43 $ 11.43 $ 13.23
Arcimoto, Inc. [Member] | Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio2
TangoMe, Inc, Series A Preferred Stock [Member]
Unrealized Gain (Loss) on Investments, Total $ 2,206,856 $ 2,206,856 $ 0
Investment Owned, at Fair Value4,781,521 4,781,521 2,574,666
TangoMe, Inc, Series A Preferred Stock [Member] | Chief Executive Officer [Member]
Investment Purchased, Shares (in shares) | shares468,121
Investment Purchased, Price Per Share (in dollars per share) | $ / shares $ 2.14
Investment Purchased, Value $ 1,000,000
Arcimoto, Inc. Series A-1 Preferred Stock [Member]
Investment Purchased, Shares (in shares) | shares37,000
Payments to Acquire Investments, Total $ 100,011
Options in Arcimoto, Inc [Member]
Unrealized Gain (Loss) on Investments, Total28,800
Investment Owned, at Fair Value46,848 46,848 55,848
Investment Owned, Balance, Shares (in shares) | shares2,500 5,000 74,000
Option Indexed to Issuer's Equity, Strike Price (in dollars per share) | $ / shares $ 4.121 $ 2.0605
Common Stock in Arcimoto, Inc [Member]
Unrealized Gain (Loss) on Investments, Total426,240
Investment Owned, at Fair Value $ 845,820 $ 845,820 $ 979,020
Common Shares of Buoy Health, Inc [Member]
Investment Purchased, Shares (in shares) | shares11,233
Investment Purchased, Price Per Share (in dollars per share) | $ / shares $ 15.92
Investment Purchased, Value $ 178,824

Note 4 - Related Party Transa_2

Note 4 - Related Party Transactions (Details Textual) - Chief Executive Officer [Member] - USD ($)Sep. 30, 2021Mar. 10, 2021Dec. 31, 2020Dec. 31, 2014
Notes Payable, Related Party [Member]
Debt Instrument, Face Amount $ 182,000
Debt Instrument, Interest Rate, Stated Percentage7.75%
Long-term Debt, Gross $ 182,000 $ 182,000
Interest Payable $ 119,405 108,855
Loan Payable for Interest on Letter of Credit [Member]
Debt Instrument, Interest Rate, Stated Percentage7.75%
Long-term Debt, Gross $ 142,313 135,625
Interest Payable40,668 $ 30,437
Loans Payable [Member]
Debt Instrument, Face Amount $ 300,000
Debt Instrument, Interest Rate, Stated Percentage6.00%
Interest Payable $ 10,143

Note 5 - Note Payable (Details

Note 5 - Note Payable (Details Textual) - USD ($)Mar. 31, 2012Sep. 30, 2021Sep. 30, 2020Dec. 31, 2020Apr. 01, 2017
Proceeds from Notes Payable, Total $ 306,688 $ 20,288
Notes Payable, Other Payables [Member]
Proceeds from Notes Payable, Total $ 1,000,000
Debt Instrument, Interest Rate, Stated Percentage8.00%10.00%
Debt Instrument, Interest Rate, Default Percentage10.00%
Long-term Debt, Gross $ 2,272,237 $ 2,109,857

Note 5 - Note Payable - Schedul

Note 5 - Note Payable - Scheduled Maturities (Details)Sep. 30, 2021USD ($)
2025 $ 182,000
2026442,313
pending2,622,237
Total3,246,550
Letter of Credit [Member]
20250
20260
pending350,000
Total350,000
Notes Payable, Other Payables [Member]
20250
20260
pending2,272,237
Total2,272,237
Notes Payable, Related Party [Member]
2025182,000
2026442,313
pending0
Total $ 624,313

Note 6 - Line of Credit Arran_2

Note 6 - Line of Credit Arrangement (Details Textual) - USD ($)3 Months Ended9 Months Ended
Sep. 30, 2021Dec. 31, 2020Sep. 30, 2020Sep. 30, 2021Sep. 30, 2020
Long-term Line of Credit, Total $ 350,000 $ 350,000 $ 350,000
Interest Expense, Debt, Total56,829 $ 60,359 182,697 $ 176,132
First Republic Bank [Member] | Line of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity350,000 350,000
Debt Instrument, Interest Rate, Effective Percentage7.75%7.75%7.75%
Long-term Line of Credit, Total350,000 $ 350,000 $ 350,000
Interest Expense, Debt, Total $ 6,814 $ 6,837
First Republic Bank [Member] | Line of Credit [Member] | Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate4.50%

Note 7 - State Franchise Taxe_2

Note 7 - State Franchise Taxes Payable (Details Textual) - USD ($)Sep. 30, 2021Mar. 31, 2021
Franchise Tax in Arrears, Including Related Penalties and Interest, Expense Total $ 0
Franchise Taxes in Arrears, Total $ 58,504
Franchise Taxes in Arrears, Interest and Penalties Accrued, Total $ 32,577

Note 8 - Stockholders' Equity_2

Note 8 - Stockholders' Equity (Details Textual) - USD ($)Sep. 30, 2014May 01, 2014Jan. 02, 2014Sep. 15, 2003Apr. 29, 2021Sep. 30, 2021Sep. 30, 2020Sep. 30, 2021Sep. 30, 2020Dec. 31, 2008Dec. 31, 2020
Stock Issued During Period, Shares, Warrant Exercises (in shares)187,296 187,296
Treasury Stock, Shares, Acquired (in shares)745,536
Treasury Stock Acquired, Average Cost Per Share (in dollars per share) $ 0.70
Treasury Stock, Value, Acquired, Cost Method $ 521,875 $ 699
Treasury Stock, Acquired, Percentage Outstanding Shares50.11%
Preferred Stock, Shares Authorized (in shares)5,000,000 5,000,000 5,000,000
Preferred Stock, Shares Issued, Total (in shares)0 0 0
Share-based Payment Arrangement, Expense $ 62,209 $ 0 $ 104,809 $ 0
Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)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, Illiquidity Discount15.00%
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)3 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)7 years
Share-based Payment Arrangement, Expense $ 62,209
Purchase Agreement [Member]
Stock Issued During Period, Shares, New Issues (in shares)131,429
Stock Issued During Period, Percentage Outstanding7.00%
Stock Issued During Period, Value, New Issues $ 230,000

Note 8 - Stockholders' Equity -

Note 8 - Stockholders' Equity - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($)3 Months Ended9 Months Ended
Sep. 30, 2021Sep. 30, 2020Sep. 30, 2021Sep. 30, 2020
Net Operating Loss $ (140,862) $ (70,130) $ (350,501) $ (207,316)
Weighted average shares outstanding - basic (in shares)2,191,689 2,191,689 2,191,689 2,191,689
Effect of dilutive potential shares (in shares)175,000 0 175,000 0
Shares outstanding - diluted (in shares)2,366,689 2,191,689 2,366,689 2,191,689
Net loss per share - basic (in dollars per share) $ (0.06) $ (0.03) $ (0.16) $ (0.09)
Net loss per share - diluted (in dollars per share) $ (0.06) $ (0.03) $ (0.15) $ (0.09)

Note 8 - Stockholders' Equity_3

Note 8 - Stockholders' Equity - Computation of Comprehensive Earnings (Loss) Per Share (Details) - USD ($)3 Months Ended9 Months Ended12 Months Ended
Sep. 30, 2021Sep. 30, 2020Sep. 30, 2021Sep. 30, 2020Dec. 31, 2020
Net income $ 1,610,954 $ 29,410 $ 1,714,155 $ 183,061 $ 636,814
Weighted average shares outstanding - basic (in shares)2,191,689 2,191,689 2,191,689 2,191,689
Effect of dilutive potential shares (in shares)175,000 0 175,000 0
Shares outstanding - diluted (in shares)2,366,689 2,191,689 2,366,689 2,191,689
Net comprehensive income per share - basic (in dollars per share) $ 0.74 $ 0.01 $ 0.78 $ 0.08
Net comprehensive income per share - diluted (in dollars per share) $ 0.68 $ 0.01 $ 0.72 $ 0.08