IRONSTONE PROPERTIES, INC.
AI Executive Summary
AI-powered analysis of 10-Q filing content
Ironstone Properties is in severe financial distress with negative stockholders' equity of $498K that worsened 16.8% in Q1 2026. The company has no operating revenue and faces a critical liquidity crisis with only $112K cash while carrying $3.8M in total liabilities including $3.3M in notes payable and accrued interest.
Red Flags Detected (7)
Negative stockholders' equity of $498,132 worsening from $426,395
Zero operating revenue with $88,056 quarterly loss
Critical cash position of only $112,443 against $3.8M total liabilities
4 more red flags detected
Key Takeaways
Company is technically insolvent with liabilities exceeding assets by $498K
No revenue generation capability while expenses continue
2 more takeaways
Filing Overview
What This Means
High Risk Filing: This company is showing signs of financial stress or significant operational challenges.
Deteriorating Trend: Conditions are worsening compared to previous filings. This may create opportunities for service providers.
Quarterly Report: Interim filing with unaudited financial data for the quarter.