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Significant Accounting Policies (Policies)
 9 Months Ended
Sep. 30, 2019
Accounting Policies [Abstract]  
Basis of Accounting, Policy [Policy Text Block]
Basis
of
Presentation
- The accompanying financial statements were prepared in conformity with GAAP.
Use of Estimates, Policy [Policy Text Block]
Use of Estimates
– The Company’s financial statement preparation requires that management make estimates and assumptions which affect the reporting of assets and liabilities and the related disclosure of contingent assets and liabilities in order to report these financial statements in conformity with GAAP.  Actual results could differ from those estimates.
Cash and Cash Equivalents, Policy [Policy Text Block]
Cash
- Cash includes all highly liquid investments that are readily convertible to known amounts of cash and have original maturities at the date of purchase of
three
months or less.
Fair Value of Financial Instruments, Policy [Policy Text Block]
Fair Value of Financial Instruments
- The Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) Topic
820,
Fair Value Measurement
, defines fair value, establishes a framework for measuring fair value in accordance with GAAP, and requires certain disclosures about fair value measurements. In general, fair values of financial instruments are based upon quoted market prices, where available. If such quoted market prices are
not
available, fair value is based upon internally developed models that primarily use, as inputs, observable market-based parameters. Valuation adjustments
may
be made to ensure that financial instruments are recorded at fair value. These adjustments
may
include amounts to reflect counterparty credit quality and the customer’s creditworthiness, among other things, as well as unobservable parameters. Any such valuation adjustments are applied consistently over time.
New Accounting Pronouncements, Policy [Policy Text Block]
Recently Issued Accounting Pronouncements
- During the
nine
months ended
September 30, 2019
and
2018,
there were several new accounting pronouncements issued by the FASB. Each of these pronouncements, as applicable, has been or will be adopted by the Company. Management does
not
believe the adoption of any of these accounting pronouncements has had or will have a material impact on the Company’s financial statements.
 
In
February 2016,
the FASB issued ASU
2016
-
02,
Leases
. This is a comprehensive new leases standard that amends various aspects of existing guidance for leases and requires additional disclosures about leasing arrangements. It requires all leases that have a term in excess of
12
months be recognized on the balance sheet with the liability for lease payments and the corresponding right-of-use asset value based on the present value of future aggregate payments. Recognition of the costs of these leases on the income statement will be dependent upon their classification as either an operating or a financing lease. Costs of an operating lease will continue to be recognized as a single operating expense on a straight-line basis over the term of the lease. Costs for a financing lease will be disaggregated and recognized as both an operating expense (for the amortization of the right-of-use asset) and interest expense (for interest on the lease liability). This standard became effective beginning
January 1, 2019
and was adopted on our financial statements. The Company recorded the right-of-use asset for the lease in the amount of
$160,073
and the related lease liability. The current liability for the lease is
$47,141
and non-current of
$77,976
as of
September 30, 2019.
Property, Plant and Equipment, Policy [Policy Text Block]
Property and Equipment
- The Company is engaged in the development of its proprietary Blackbox System technology, an algorithm driven system, through a combination of in-house system analysts and outside firms. The Company’s Blackbox System software for use in China was in development and costs were expensed until the software reached technological feasibility in
April 2017
and capitalized until
May 15, 2017
when the Blackbox System for use in China was marketable.
 
The Company’s property and equipment is being depreciated on the straight-line basis over an estimated useful life of
three
years.
Earnings Per Share, Policy [Policy Text Block]
Earnings or
(
Loss) Per Share
- Basic earnings per share (or loss per share), is computed by dividing the earnings (loss) for the period by the weighted average number of common stock shares outstanding for the period.  Diluted earnings per share reflects the potential dilution of securities by including other potentially issuable shares of common stock, including shares issuable upon conversion of convertible securities or exercise of outstanding stock options and warrants, in the weighted average number of common shares outstanding for the period.  Therefore, because including shares issuable upon conversion of convertible securities and/or exercise of outstanding options and warrants would have an anti-dilutive effect on the loss per share, only the basic earnings (loss) per share is reported in the accompanying financial statements. At
September 30, 2019
and
2018,
the potential dilution would be
5,300,031
and
5,000,000
shares of common stock in the event the issued and outstanding shares of Series A Convertible Preferred Stock or other potentially dilutive securities be exercised.
Share-based Payment Arrangement [Policy Text Block]
Share-Based Payment
- Under ASC Topic
718,
Compensation -
Stock Compensation
, all share based payments to employees, including share option grants, are to be recognized in the statement of operations based on their fair values.
No
share-based payments were issued for the
nine
months ended
September 30, 2019
and
2018.
Revenue [Policy Text Block]
Revenue Recognition
-
On
January 1, 2018,
the Company adopted ASU
2014
-
09,
“Revenue from Contracts with Customers” (ASC
606
) and adoption of the new standard had
no
impact on the Company’s statements of operations or balance sheets. Revenue is recognized from the sale of subscriptions for the use of the Blackbox System web application, on a monthly or annual basis. Revenue generally is recognized net of allowances for returns and any taxes collected from customers and subsequently remitted to governmental authorities. The Company launched its Blackbox System web application and began generating subscription sales revenues during the quarter ended
September 30, 2016.
Revenue related to annual subscriptions is recognized each month with unearned subscriptions reflected as a current liability.
Other Liabilities [Policy Text Block]
Other Liabilities
- The Company is planning the development of a future product, a complimentary platform that will share similar IP protocol with the current Blackbox System on a subscription basis. The future product has
not
yet launched. The Company has received advance payments from a new subscriber group in anticipation of the development of this future product. These amounts are deferred until such time as the platform is launched and the services earned. As of
September 30, 2019,
the Company has received
$180,000
from this future subscriber group.
Research, Development, and Computer Software, Policy [Policy Text Block]
Software Development Costs
- Blackboxstocks is engaged in the development of its proprietary Blackbox System technology, a proprietary algorithm driven system, through a combination of in-house system analysts and outside contractors. Under the guidelines of ASC Topic
985,
“Software”, the cost of the Company’s Blackbox System was expensed during development and the Blackbox System software for use in the United States, reached technical feasibility in
August 2016,
became marketable and was made available to subscribers beginning
September 1, 2016.
The Blackbox System for use in China achieved technological feasibility and became marketable and available to subscribers during the quarter ended
June 30, 2017.
Subsequent to that time, in accordance with ASC Topic
985
these costs were expensed. Costs incurred during this period were capitalized and amortized.
Intangible Assets, Finite-Lived, Policy [Policy Text Block]
Domain Name
- The Company acquired a domain name for its exclusive use in anticipation of its rollout within the next
three
years. The cost was capitalized and due to the uncertainty of our ability to successfully market this name, we elected to amortize the cost over a period of
three
years.
Prepaid Expenses [Policy Text Block]
Prepaid Expenses
- Prepaid expenses are current assets created when the Company makes payments or incurs an obligation for expenses identified for a future period. These amounts are charged to expense as the services are provided.
Advertising Cost [Policy Text Block]
Marketing Costs
- The Company incurs significant marketing expenses related to the development and expansion of its subscription base to potential users. During the
nine
months ended
September 30, 2019
and
2018,
the Company reported
$201,299
and
$107,957
for marketing costs, respectively.
Commitments and Contingencies, Policy [Policy Text Block]
Contingencies
- Certain conditions
may
exist as of the date the financial statements are issued, which
may
result in a loss to the Company but which will only be resolved when
one
or more future events occur or fail to occur. The Company’s management and legal counsel assess such contingent liabilities, and such assessment inherently involves judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that
may
result in such proceedings, the Company’s legal counsel evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought.
 
If the assessment of a contingency indicates it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements.
 
If the assessment indicates that a potential material loss contingency is
not
probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material would be disclosed. Loss contingencies considered to be remote by management are generally
not
disclosed unless they involve guarantees, in which case the guarantee would be disclosed.