Form 10-Q - Quarterly report [Sections 13 or 15(d)]

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended

June 30, 2024

☐

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from

Commission File No.

001-41051

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)

(972) 726-9203

(Registrant’s telephone number, including area code)

(Former name, former address and former fiscal year if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.001 per share	BLBX	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐	Accelerated filer ☐

Non-accelerated filer ☒	Smaller reporting company ☒
	Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

The number of shares outstanding of the registrant’s Common Stock as of August 14, 2024 was 3,517,431.

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TABLE OF CONTENTS

		Page
INTRODUCTORY COMMENT		1
CAUTION REGARDING FORWARD LOOKING STATEMENTS		1

PART I –FINANCIAL INFORMATION		2
Item 1.	Condensed Consolidated Financial Statements	2
	Condensed Consolidated Balance Sheets as of June 30, 2024 and December 31, 2023 (Unaudited)	2
	Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2024 and 2023 (Unaudited)	3
	Condensed Consolidated Statement of Stockholders’ Equity for the Six Months Ended June 30, 2024 and 2023 (Unaudited)	4
	Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2024 and 2023 (Unaudited)	5
	Notes to Condensed Consolidated Financial Statements	6
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	13
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	17
Item 4.	Controls and Procedures	17

PART II – OTHER INFORMATION		18
Item 1.	Legal Proceedings	18
Item 1A.	Risk Factors	18
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	18
Item 3.	Defaults Upon Senior Securities	19
Item 4.	Mine Safety Disclosures	19
Item 5.	Other Information	19
Item 6.	Exhibits	19

SIGNATURES		19

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INTRODUCTORY COMMENT

Throughout this Quarterly Report on Form 10-Q, the terms “we,” “us,” “our,” “Blackboxstocks,” or the “Company” refers to Blackboxstocks Inc., a Nevada corporation.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

Our prospects are subject to uncertainties and risks. In this Quarterly Report on Form 10-Q (the “Report”), we make forward-looking statements that involve substantial uncertainties and risks. When used in this Report, the words “may,” “will,” “expect,” “anticipate,” “continue,” “estimate,” “intend,” and similar expressions are intended to identify forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) regarding events, conditions and financial trends which may affect our future plans of operations, business strategy, operating results and financial position. Such statements are not guarantees of future performance and are subject to risks and uncertainties described herein and actual results may differ materially from those included within the forward-looking statements. Additional factors are described in our other public reports and filings with the Securities and Exchange Commission (the “SEC”). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. We undertake no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of unanticipated events.

This Report contains certain estimates and plans related to us and the industry in which we operate, which assume certain events, trends and activities will occur and the projected information based on those assumptions. We do not know that all of our assumptions are accurate. If our assumptions are wrong about any events, trends and activities, then our estimates for future growth for our business may also be wrong. There can be no assurance that any of our estimates as to our business growth will be achieved.

The following discussion and analysis should be read in conjunction with our financial statements and the notes associated with them contained elsewhere in this Report. This discussion should not be construed to imply that the results discussed in this Report will necessarily continue into the future or that any conclusion reached in this Report will necessarily be indicative of actual operating results in the future. The discussion represents only the best assessment of management.

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PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

Blackboxstocks Inc.

Condensed Consolidated Balance Sheets

As of June 30, 2024 and December 31, 2023

(Unaudited)

	June 30,			December 31,
	2024			2023

Assets
Current assets:
Cash	$	1,055,482		$	472,697
Accounts receivable, net of allowance for doubtful accounts of $68,589 at June 30, 2024 and December 31, 2023, respectively		17,495			18,212
Inventory		3,464			3,464
Marketable securities		-			2,955
Other receivable		-			475,000
Prepaid expenses and other current assets		50,375			35,161
Total current assets		1,126,816			1,007,489

Property and equipment:
Property and equipment, net		10,930			52,281
Right of use lease		318,636			344,370
Total property and equipment		329,566			396,651

Investments		8,424,000			8,424,000

Total assets	$	9,880,382		$	9,828,140

Liabilities and Stockholders' Equity

Current liabilities:
Accounts payable	$	1,154,315		$	842,404
Accrued interest		1,613			1,613
Unearned subscriptions		917,954			1,295,514
Lease liability right of use, current		61,725			64,818
Note payable, current portion		25,139			28,064
Merchant cash advance		182,655			-
Other liabilities		1,500,000			-
Total current liabilities		3,843,401			2,232,413

Long term liabilities:
Note payable		-			11,550
Lease liability right of use, long term		262,543			287,417
Total long term liabilities		262,543			298,967

Commitments and contingencies

Stockholders' equity
Preferred stock, $0.001 par value, 5,000,000 shares authorized; no shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively		-			-
Series A Convertible Preferred Stock, $0.001 par value, 5,000,000 shares authorized; 3,269,998 issued and outstanding at June 30, 2024 and December 31, 2023, respectively		3,270			3,270
Series B Convertible Preferred Stock, $0.001 par value, 10,000,000 shares authorized; no shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively		-			-
Common stock, $0.001 par value, 100,000,000 shares authorized: 3,215,528 and 3,223,015 issued and outstanding at June 30, 2024 and December 31, 2023, respectively		3,215			3,223
Treasury stock		-			(27,650	)
Additional paid in capital		26,994,498			26,802,808
Accumulated deficit		(21,226,545	)		(19,484,891	)
Total stockholders' equity		5,774,438			7,296,760

Total liabilities and stockholders' equity	$	9,880,382		$	9,828,140

The accompanying notes are an integral part of these condensed consolidated financial statements.

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Blackboxstocks Inc.

Condensed Consolidated Statements of Operations

For the Three Months and Six Months Ended June 30, 2024 and 2023

(Unaudited)

	For the three months ended						For the six months ended
	June 30,						June 30,
	2024			2023			2024			2023
Revenue:
Subscriptions	$	683,952		$	734,648		$	1,332,722		$	1,589,638
Other revenues		760			2,750			1,410			6,764
Total revenues		684,712			737,398			1,334,132			1,596,402

Cost of revenues		356,017			426,975			713,975			874,606

Gross margin		328,695			310,423			620,157			721,796

Operating expenses:
Software development costs		100,642			227,250			209,045			582,294
Selling, general and administrative		938,269			1,350,378			1,844,198			3,128,012
Advertising and marketing		111,663			153,415			244,386			368,396
Loss on disposition of fixed assets		29,940			-			29,940			-
Depreciation and amortization		3,038			10,679			11,411			21,197
Total operating expenses		1,183,552			1,741,722			2,338,980			4,099,899

Operating loss		(854,857	)		(1,431,299	)		(1,718,823	)		(3,378,103	)

Other (income) expense:
Interest expense		74			147			167			312
Financing costs		23,012			-			23,012			-
Investment (income) loss		-			(6,952	)		(348	)		(53,553	)
Total other (income) expense		(23,086	)		(6,805	)		(22,831	)		(53,241	)

Loss before income taxes		(877,943	)		(1,424,494	)		(1,741,654	)		(3,324,862	)

Income Taxes		-			-			-			-

Net loss		(877,943	)		(1,424,494	)		(1,741,654	)		(3,324,862	)

Weighted average number of common shares outstanding - basic		3,226,251			3,158,593			3,225,724			3,231,203

Net loss per share - basic	$	(0.27	)	$	(0.45	)	$	(0.54	)	$	(1.03	)

The accompanying notes are an integral part of these condensed consolidated financial statements.

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Blackboxstocks Inc.

Condensed Consolidated Statement of Stockholders’ Equity

For the Six months Ended June 30, 2024 and 2023

(Unaudited)

	Preferred Stock				Series A Preferred Stock				Series B Preferred Stock				Common Stock						Common Stock			Treasury			Additional Paid in			Accumulated
	Shares		Amount		Shares		Amount		Shares		Amount		Shares			Amount			Payable			Stock			Capital			Deficit			Total

Balances, December 31, 2022		-	$	-		3,269,998	$	3,270		-	$	-		3,298,033		$	3,298		$	23,340		$	(1,102,375	)	$	18,070,556		$	(14,820,436	)	$	2,177,653

Purchase of treasury stock		-		-		-		-		-		-		-			-			-			(79,100	)		-			-			(79,100	)

Retirement of treasury stock		-		-		-		-		-		-		(454,441	)		(454	)		-			1,181,475			(1,181,021	)		-			-

Vesting of warrants for compensation		-		-		-		-		-		-		-			-			-			-			31,880			-			31,880

Vesting of options for compensation		-		-		-		-		-		-		-			-			-			-			61,464			-			61,464

Vesting of stock for compensation		-		-		-		-		-		-		282,501			282			19,380			-			655,120			-			674,782

Net loss		-		-		-		-		-		-		-			-			-			-			-			(1,900,368	)		(1,900,368	)

Balances, March 31, 2023		-	$	-		3,269,998	$	3,270		-	$	-		3,126,093		$	3,126		$	42,720		$	-		$	17,637,999		$	(16,720,804	)	$	966,311

Issuance of stock for fractional shares resulting from reverse split		-		-		-		-		-		-		8,838			9			-			-			(9	)		-			-

Purchase of treasury stock		-		-		-		-		-		-		-			-			-			(15,291	)		-			-			(15,291	)

Vesting of warrants for compensation		-		-		-		-		-		-		-			-			-			-			31,880			-			31,880

Vesting of options for compensation		-		-		-		-		-		-		-			-			-			-			245,810			-			245,810

Issuance of stock for compensation		-		-		-		-		-		-		49,754			50			(42,720	)		-			182,865			-			140,195

Issuance of stock for investment		-		-		-		-		2,400,000		2,400		-			-			-			-			8,421,600			-			8,424,000

Net loss		-		-		-		-		-		-		-			-			-			-			-			(1,424,494	)		(1,424,494	)

Balances, June 30, 2023		-	$	-		3,269,998	$	3,270		2,400,000	$	2,400		3,184,685		$	3,185		$	-		$	(15,291	)	$	26,520,145		$	(18,145,298	)	$	8,368,411

Balances, December 31, 2023		-	$	-		3,269,998	$	3,270		-	$	-		3,223,015		$	3,223		$	-		$	(27,650	)	$	26,802,808		$	(19,484,891	)	$	7,296,760

Vesting of warrants for compensation		-		-		-		-		-		-		-			-			-			-			31,880			-			31,880

Vesting of options for compensation		-		-		-		-		-		-		-			-			-			-			65,286			-			65,286

Issuance of stock for compensation		-		-		-		-		-		-		3,120			3			-			-			17,497			-			17,500

Net loss		-		-		-		-		-		-		-			-			-			-			-			(863,711	)		(863,711	)

Balances, March 31, 2024		-	$	-		3,269,998	$	3,270		-	$	-		3,226,135		$	3,226		$	-		$	(27,650	)	$	26,917,471		$	(20,348,602	)	$	6,547,715

Vesting of warrants for compensation		-		-		-		-		-		-		-			-			-			-			31,880			-			31,880

Vesting of options for compensation		-		-		-		-		-		-		-			-			-			-			65,286			-			65,286

Vesting of stock for compensation		-		-		-		-		-		-		-			-			-			-			7,500			-			7,500

Retirement of treasury stock		-		-		-		-		-		-		(10,607	)		(11	)		-			27,650			(27,639	)		-			-

Net loss		-		-		-		-		-		-		-			-			-			-			-			(877,943	)		(877,943	)

Balances, June 30, 2024		-	$	-		3,269,998	$	3,270		-	$	-		3,215,528		$	3,215		$	-		$	-		$	26,994,498		$	(21,226,545	)	$	5,774,438

The accompanying notes are an integral part of these condensed consolidated financial statements.

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Blackboxstocks Inc.

Condensed Consolidated Statements of Cash Flows

For the Six Months Ended June 30, 2024 and 2023

(Unaudited)

	For the six months ended
	June 30,
	2024			2023
Cash flows from operating activities:
Net loss	$	(1,741,654	)	$	(3,324,862	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense		11,411			21,197
Financing costs		23,012			-
Stock based compensation		219,332			1,173,761
Loss on disposition of assets		29,940			-
Right of use lease		(2,233	)		-
Investment (income) loss		(348	)		(53,553	)
Changes in operating assets and liabilities:
Accounts receivable		717			(230,345	)
Other receivable		475,000			-
Inventory		-			-
Prepaid expenses and other current assets		(15,214	)		(33,702	)
Accounts payable		290,399			32,248
Other liabilities		400,000			-
Unearned subscriptions		(377,560	)		(301,912	)
Net cash used in operating activities		(687,198	)		(2,717,168	)

Cash flows from investing activities:
Purchase of property and equipment		-			(2,883	)
Purchase of marketable securities		(9,273	)		(5,417,253	)
Sale of marketable securities		12,576			8,013,912
Net cash provided by investing activities		3,303			2,593,776

Cash flows from financing activities:
Proceeds from other liabilities		1,100,000			-
Proceeds from merchant cash advance		198,500			-
Principal payments on notes payable		(14,475	)		(14,331	)
Payments on merchant cash advance		(17,345	)		-
Purchase of treasury stock		-			(15,291	)
Net cash provided by (used in) financing activities		1,266,680			(29,622	)

Net increase (decrease) in cash	$	582,785		$	(153,014	)
Cash - beginning of period		472,697			425,578
Cash - end of period	$	1,055,482		$	272,564

Supplemental disclosures:
Interest paid	$	167		$	312
Income taxes paid	$	-		$	-

Non-cash investing and financing activities:
Treasury stock purchased from related party with other assets	$	-		$	79,100
Retirement of treasury stock	$	-		$	1,181,475
Issuance of stock for investment	$	-		$	8,424,000

The accompanying notes are an integral part of these condensed consolidated financial statements.

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Blackboxstocks Inc.

Notes to Condensed Consolidated Financial Statements

1. Organization

Blackboxstocks Inc. (the “Company”) was incorporated on October 4, 2011 under the laws of the State of Nevada under the name SMSA Ballinger Acquisition Corp. to effect the reincorporation of Senior Management Services of Heritage Oaks at Ballinger, Inc., a Texas corporation, mandated by a Plan of Reorganization confirmed by the United States Bankruptcy Court for the Northern District of Texas for reorganization under Chapter 11 of the United States Bankruptcy Code.

The Company changed its name to Blackboxstocks, Inc. and began operating as a financial technology and social media platform in March 2016. The platform offers real-time proprietary analytics and news for stock and options traders of all levels. The Company believes its web-based software employs “predictive technology” enhanced by artificial intelligence to find volatility and unusual market activity that may result in the rapid change in the price of a stock or option. The software continuously scans the NASDAQ, New York Stock Exchange, CBOE, and other options markets, analyzing over 10,000 stocks and up to 1,500,000 options contracts multiple times per second. The Company also provides users with a fully interactive social media platform that is integrated into our dashboard, enabling users to exchange information and ideas quickly and efficiently through a common network. Recently, the Company also introduced a live audio/video feature that allows members to broadcast on their own channels to share trade strategies and market insight within the community. The platform was initially made available to subscribers in September 2016. Subscriptions for the use of the platform are sold on a monthly and/or annual subscription basis to individual consumers through the Company website at http://blackboxstocks.com.

On April 1, 2024, the Company formed Blackbox.io Inc., a Delaware corporation, and on April 18, 2024, the Company and Blackbox.io Inc entered into a contribution agreement (the “Contribution Agreement”) pursuant to which the Company transferred certain specified business assets (the “Contributed Assets”) to Blackbox.io Inc. In consideration for the Contributed Assets, Blackbox.io Inc issued to the Company 3,226,145 shares of common stock, par value $0.001 per share and 3,369,998 shares of Series A convertible preferred stock, $0.001 par value per share, of Blackbox.io Inc, free and clear of all liens (the “Blackbox.io Operating Equity”), and assumed certain specified liabilities of the business of the Company (the “Assumed Liabilities”).

Simultaneously with the execution of the Contribution Agreement, the Company delivered fully executed documents of conveyance to effect the contribution of the Contributed Assets and the assignment of the Assumed Liabilities to Blackbox.io Inc, including (i) a bill of sale, (ii) an assignment and assumption agreement and (iii) an intellectual property assignment and Blackbox.io Inc delivered certificates and notices of issuance of stock transferable on the books of Blackbox.io Inc evidencing the issuance of the Blackbox.io Operating Equity.

As a result of the Contribution Agreement, Blackbox.io Inc. is a wholly-owned corporate subsidiary of the Company that now holds the Company’s legacy assets and continues its legacy business operations.

The Company is listed on the Nasdaq Capital Market (“Nasdaq”) under the symbol “BLBX”.

2. Summary of Significant Accounting Policies

Basis of Presentation The accompanying interim unaudited condensed consolidated financial statements and footnotes of Blackboxstocks Inc. have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and the instructions to Rule 10-01 of Regulation S-X of the Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, these unaudited condensed consolidated financial statements contain all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation of the results of the interim periods, but are not necessarily indicative of the results of operations to be anticipated for the full year ending December 31, 2024. These condensed consolidated financial statements should be read in conjunction with the audited financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023.

The accompanying condensed consolidated financial statements have been prepared in assumption of the continuation of the Company as a going concern, which is dependent upon the Company's ability to obtain sufficient financing or establish itself as a profitable business. For the year ended December 31, 2023, the Company incurred an operating loss of $5,297,671 and a net loss of $4,664,455. In addition, for the six months ended June 30, 2024, the Company incurred an operating loss of $1,718,823 and a net loss of $1,741,654. Cash flows used in operations totaled $3,166,067 for the year ended December 31, 2023 and $687,198 for the six months ended June 30, 2024. The Company had cash of $1,055,482 as of June 30, 2024. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The Company has executed a share exchange agreement with Evtec Aluminium Limited (“Evtec Aluminium”), whereby the Company expects to acquire all of the issued and outstanding share capital of Evtec Aluminium with the result of Evtec Aluminium becoming a wholly-owned subsidiary of the Company (the “Exchange”). The Exchange will be accounted for as a reverse acquisition with Evtec Aluminium being the accounting acquiror. The Company believes that the Exchange with Evtec Aluminium will attract additional capital investment as Evtec Aluminium is substantially larger than Blackbox and has a strong acquisition pipeline. Management has also implemented a number of initiatives aimed at improving operating cash flow including, new product development, revised marketing strategies and expense reductions. In addition, the Company has historically been able to raise debt or equity financing to meet its capital needs and is also evaluating strategic alternatives with respect to possible mergers or acquisitions. There can be no assurance that the Company’s operational changes will impact its cash flow or if it will be able to raise additional capital or on what terms or if it will be able to execute the planned Exchange with Evtec Aluminium.

The financial statements do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should the Company be unable to continue in operation.

Principles of Consolidation. The condensed consolidated financial statements include the accounts of Blackboxstocks Inc and its wholly owned subsidiary Blackbox.io Inc., a Delaware corporation. All intercompany transactions and account balances between the Company and its subsidiary have been eliminated in consolidation. Transactions with its consolidated subsidiary are generally settled in cash.

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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.

Segments. The Company operates as a single segment.

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.

Investments in Marketable Securities. The Company has invested in marketable securities which primarily consist of investments in mutual funds that hold commercial and government debt securities. These investments are recorded at fair value based on quoted prices at the end of the Company’s reporting period. Any realized or unrealized gains or losses are recognized in the accompanying statements of operations.

Recently Issued Accounting Pronouncements.

Recently Issued Accounting Pronouncements. In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2023-09 (“ASU 2023-09”), Income Taxes, which enhances the transparency of income tax disclosures by expanding annual disclosure requirements related to the rate reconciliation and income taxes paid. The amendments are effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. The amendments should be applied on a prospective basis. Retrospective application is permitted. The Company is currently evaluating this ASU to determine its impact on the Company’s disclosures.

In November 2023, the FASB issued Accounting Standards Update 2023-07 (“ASU 2023-07”), Segment Reporting, which improves reportable segment disclosure requirements. ASU 2023-07 primarily enhances disclosures about significant segment expenses by requiring that a public entity disclosure significant segment expenses that are regularly provided to the Chief Operating Decision Maker (“CODM”) and included within each reported measure of segment profit or loss. This ASU also (i) requires that a public entity disclose, on an annual and interim basis, an amount for other segment items by reportable segment, and a description of its composition; (ii) requires that all annual disclosures are provided in the interim periods; (iii) clarifies that if the CODM uses more than one measure of profitability in assessing segment performance and deciding how to allocate resources, that one or more of those measures may be reported; (iv) requires disclosure of the title and position of the CODM and a description of how the reported measures are used by the CODM in assessing segment performance and in deciding how to allocate resources; (v) requires that an entity with a single segment provide all new required disclosures. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024 and requires retrospective application. Early adoption is permitted. The amendments under ASU 2023-07 relate to financial disclosures and its adoption will not have an impact on the Company’s results of operations, financial position or cash flows. The Company will adopt ASU 2023-07 for the annual reporting period ending December 31, 2024 and for interim reporting periods thereafter. Adoption is not expected to have any impact on the Company’s disclosures.

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 for periods of loss.

The Company had total potential additional dilutive securities outstanding at June 30, 2024, as follows.

Series A Convertible Preferred Shares			3,269,998
Conversion rate			0.2
Common shares after conversion			654,000
Option shares			200,875
Warrant shares			93,238

Revenue Recognition. The Company operates under a software as a service (SaaS) model whereby we sell monthly and annual subscriptions allowing subscribers access to our platform. We recognize revenue over the subscription period (either monthly or annual) and record cash received but not yet earned as deferred revenue on our balance sheet.

Additionally, the Company receives revenues from commissions and the sale of promotional products which are presented as other revenues on the accompanying statements of operations. Commission revenues are recognized as they are earned and revenues from the sale of promotional products are recognized upon shipment.

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3. Investments

Investments

Evtec Group Limited (“Evtec Group”) operates through a single subsidiary, Evtec Automotive Limited, as a supplier of critical automotive parts to the automobile manufacturing industry. Evtec Group is based in the UK and provides complete assemblies to auto manufacturers, simplifying sourcing, saving time on procurement, and increasing production efficiency. Their pick and pack service supplies aftermarket automotive products, as well as offering kitting and fulfilment for non-automotive businesses. Their business focuses on premium luxury brands and a market transition to electric vehicles and includes Jaguar Land Rover Group as their largest customer.

On June 9, 2023, the Company entered into a Securities Exchange Agreement (the Securities Exchange Agreement”) with Evtec Group whereby the Company issued 2,400,000 shares of Series B Convertible Preferred Stock (the “Series B Stock”) (Note 4) in exchange for 4,086 preferred shares of Evtec Group. Upon conversion of the Series B Stock, the 2,400,000 shares would represent approximately 43% of the total common shares outstanding. The Evtec Group preferred shares were convertible into common shares of Evtec Group on a one-for-one basis upon a change in control or the listing of Evtec Group on Nasdaq or the London Stock Exchange. The preferred shares of Evtec Group were converted into common shares representing approximately 13% of Evtec Group.

The Company’s initial investment in Evtec Group was measured at $8,424,000 in accordance with ASC 820-10-30. The value of the Series B Stock issued by the Company was set by the closing price of its common stock on the day prior to closing of $3.51 as reported by Nasdaq. As a result, the 2,400,000 Series B Stock shares were valued at $8,424,000 which was determined to be the cost of the investment recorded pursuant to ASC 321-10-35. The investment was reviewed for impairment as of June 30, 2024.

On November 24, 2023, the Company entered into a Binding Amendment to Amended Letter of Intent (the “LOI Amendment”) with Evtec Group, Evtec Automotive Limited, and Evtec Aluminium (collectively the “Evtec Companies), which amended a non-binding Amended Letter of Intent (the “LOI”) dated April 14, 2023. Pursuant to the LOI Amendment, the Company has agreed to continue to negotiate in good faith to consummate a proposed acquisition of the Evtec Companies contemplated by the LOI (the “Proposed Transaction”), subject to the terms of the LOI Amendment.

As a condition to the Company’s continued good faith negotiations regarding the Proposed Transaction, the Evtec Companies agreed to (i) pay the Company aggregate extension fees totaling $400,000 which were guaranteed by a credit worthy affiliate of the Evtec Companies, (ii) provide extension loans of up to $400,000 to the Company if the Proposed Transaction has not closed on or before April 1, 2024, (iii) pay the Company amounts in cash equal to any documented legal fees and third-party expenses incurred or payable by the Company in connection with the Proposed Transaction up to $175,000, including any such expenses incurred prior to the date of the LOI Amendment, (iv) forfeit and return the 2,400,000 shares of the Series B Stock acquired by Evtec Group under the terms of the Securities Exchange Agreement, and (v) permit the Company to convert each of the 4,086 preferred shares of Evtec Group issued to the Company pursuant to the Securities Exchange Agreement into one ordinary share of Evtec Group. $475,000 and $0 was outstanding and classified as other receivables on the balance sheet as of December 31, 2023 and June 30, 2024, respectively.

As a result of the transaction not closing by April 1, 2024, Evtec Aluminium has provided $400,000 of financial support to the Company that has been classified as other liabilities as of June 30, 2024.

As provided for in the LOI Amendment, Evtec Group entered into a Forfeiture Agreement with the Company dated November 28, 2023 pursuant to which Evtec Group forfeited all of its right, title and interest in and to the 2,400,000 shares of Series B Stock acquired by Evtec Group pursuant to the Securities Exchange Agreement in order to further induce the Company to continue to negotiate in good faith to consummate the Proposed Transaction. Pursuant to the Forfeiture Agreement, the Company has no obligation to make any payment to Evtec Group, in cash or otherwise, for any such Series B Stock that are so forfeited. The shares of Series B Stock forfeited by Evtec Group were cancelled as of the date of the Forfeiture Agreement. In addition, Evtec Group converted the Evtec Group preferred shares held by the Company into 4,086 common shares.

On December 12, 2023, the Company entered into a Share Exchange Agreement (the Share Exchange Agreement") with Evtec Aluminium, and the shareholders of Evtec Aluminium (“Sellers”). Upon the terms and subject to the satisfaction of the conditions described in the Share Exchange Agreement, the Company is expected to acquire all of the issued and outstanding Evtec Aluminium Ordinary Shares, with the result of Evtec Aluminium becoming a wholly-owned subsidiary of the Company (the “Exchange”). At the closing of the Exchange (the “Closing”), the Sellers will receive shares of common stock of the Company, $0.001 par value, in exchange for capital shares of Evtec Aluminium based on the exchange ratio formula in the Share Exchange Agreement (the “Exchange Ratio”), which is subject to adjustment in the event Evtec Aluminium raises capital before Closing in excess of $5,000,000. Immediately following Closing, based upon the Exchange Ratio, the Sellers are expected to collectively own 73.2% of the aggregate common stock of the Company.

On May 13, 2024 the Company filed a Registration Statement on Form 4 including an information statement/prospectus and a notice of action taken by written consent pursuant to section 14(C) of the Securities Exchange Act of 1934 as required under the terms of the Securities Exchange Agreement with Evtec Aluminium. The registration statement is subject to review and approval by the Securities and Exchange Commission and has not yet been declared effective.

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4. Stockholders’ Equity

The Company has authorized 10,000,000 shares of preferred stock at $0.001 par value, 5,000,000 of which are designated as “Series A Convertible Preferred Stock” at $0.001 par value, 2,400,000 of which are designated as “Series B Convertible Preferred Stock” at $0.001 par value, and 100,000,000 authorized shares of common stock at $0.001 par value (“Common Stock”).

Shares of Series A Convertible Preferred Stock (the “Series A Stock”) rank pari passu with the Company’s Common Stock with respect to dividend and liquidation rights. Additionally, each share entitles the holder to 100 votes on matters submitted to Company stockholders. There are 3,269,998 shares of Series A Stock outstanding which are all held by Gust Kepler, the Company’s Chairman and Chief Executive Officer (“Mr. Kepler”). The Company and Mr. Kepler entered into Conversion Rights Agreement dated effective as of October 14, 2021, limiting the rights of the holder(s) of our outstanding shares of Series A Stock to convert such shares into Common Stock on a one-for-one basis as provided in the certificate of designation (the "Designation Conversion Rights"). Pursuant to the terms of the Conversion Rights Agreement, the Designation Conversion Rights are limited and exercisable based upon the Company reaching the following market capitalization ("Market Capitalization") thresholds, measured on the last day of each calendar quarter:

	●	If the Company’s Market Capitalization is less than $150,000,000, the outstanding Series A Stock will be convertible into Common Stock on a 5-for-1 share basis;
	●	If the Company’s Market Capitalization is equal to or greater than $150,000,000 but less than $200,000,000, the outstanding Series A Stock will be convertible into Common Stock on a 3.3-for-1 share basis;
	●	If the Company’s Market Capitalization is equal to or greater than $200,000,000 but less than $250,000,000, the outstanding Series A Stock will be convertible into Common Stock on a 2.5-for-1 share basis;
	●	If the Company’s Market Capitalization is equal to or greater than $250,000,000 but less than $350,000,000 the outstanding Series A Stock will be convertible into Common Stock on a 1.75-for-1 share basis;
	●	If the Company’s Market Capitalization is equal to or greater than $350,000,000 the outstanding Series A Stock will thereafter convertible into Common Stock pursuant to the Designation Conversion Rights (on a 1-for-1 share basis).

The Conversion Rights Agreement terminates when the last share of Series A Stock is either converted or the largest Market Capitalization Threshold is met.

The Series B Stock has no dividend rights and no voting rights except as required by law or the Company’s bylaws. The Series B Stock is convertible into common shares on a one-for-one basis. Prior to the stockholder approval, the Series B Stock is not convertible into more than 19.9% of the Company’s outstanding common stock. All previously outstanding shares of Series B Stock were forfeited in December 2023.

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5. Warrants to Purchase Common Stock

The following table presents the Company’s warrants as of June 30, 2024:

	Number of Shares			Weighted Average Exercise Price		Weighted Average Remaining Life (in years)
Warrants as of December 31, 2023		109,584		$	13.25		3.53
Issued		-		$	-		-
Forfeited		(16,346	)	$	7.80		-
Exercised		-		$	-		-
Warrants as of June 30, 2024		93,238		$	14.20		3.59

At June 30, 2024, warrants for the purchase of 91,849 shares were vested and warrants for the purchase of 1,389 shares remained unvested. The Company expects to incur expenses for the unvested warrants totaling $21,256 as they vest.

6. Incentive Stock Plan

On August 4, 2021, our Board of Directors created and our stockholders approved the 2021 Blackboxstocks Inc. Incentive Stock Plan (the “2021 Plan”) which became effective August 31, 2021. Effective October 7, 2022, the Company’s Stockholders approved an amendment and restatement of the 2021 Plan to increase the numbers of issuable shares from 187,500 to 312,500. On February 6, 2023 the Company’s stockholders approved a subsequent amendment and restatement of the 2021 Plan to increase the number of shares available for issuance from 312,500 to 612,500 shares. The 2021 Plan allows the Company, under the direction of the Board of Directors or a committee thereof, to make grants of stock options, restricted and unrestricted stock and other stock-based awards to employees, including our executive officers, consultants and directors.

The following table presents the Company’s options as of June 30, 2024:

Options as of December 31, 2023	215,625		$	8.97	8.37
Issued	-		$	-	-
Forfeited	(14,750	)	$	6.23	8.83
Exercised	-		$	-	-
Options as of June 30, 2024	200,875		$	9.17	7.83

At June 30, 2024, options to purchase 190,174 shares were vested and options to purchase 10,701 shares remained unvested. The Company expects to incur expenses for the unvested options totaling $68,257 as they vest.

7. Related Party Transactions

On March 16, 2023, the Company purchased 282,501 shares of Common Stock from Mr. Kepler at a price of $0.28 per share. The purchase of these shares was done in order to reduce Mr. Kepler’s cash bonus for 2022. The shares acquired from Mr. Kepler were subsequently retired and added back to authorized but unissued shares.

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8. Debt

Note Payable

On May 1, 2020, pursuant to the Paycheck Protection Program under the Coronavirus Aid Relief and Economic Security Act (“CARES Act”), the Company received a loan of $130,200. The loan carries an interest rate of 1% and an initial maturity of May 1, 2022. During August 2021, the Company received partial loan forgiveness from the SBA reducing the principal balance of the note to $96,795. During December 2021, the terms of the note were amended to carry an interest rate of 1% and mature on May 4, 2025. As of June 30, 2024, the unpaid balance of the note totaled $25,139.

Merchant Cash Advance

On May 28, 2024, the Company entered into a merchant cash advance agreement with proceeds totaling $198,500 and total future receivables purchased totaling $272,000. The merchant cash advance is to be repaid through 28 weekly payments equal of $9,714. The finance expense for the advance has been calculated using the effective interest rate method. As of June 30, 2024, the unpaid balance of the merchant cash advance totaled $182,655.

9. Commitments and Contingencies

The Company leases approximately 2,685 square feet of office space in Dallas Texas pursuant to an office lease with Teachers Insurance and Annuity Association of America that expires on September 30, 2028. During the period ended June 30, 2024, the Company’s related rent expenses totaled approximately $46,000.

The table below shows the future lease payment obligations:

Year Ending December 31,	Amount
2024	$	45,309
2025		91,122
2026		93,136
2027		95,150
2028		72,495
Total remaining lease payments	$	397,212
Less: imputed interest		(72,944	)
Present Value of remaining lease payments	$	324,268

Current	$	61,725
Noncurrent	$	262,543

Weighted-average remaining lease term (years)		4.50
Weighted-average discount rate		10.00	%

The Company is named as a defendant in a lawsuit filed by Feenix Payment Systems, LLC before the New York State Supreme Court, County of New York on June 20, 2023. The plaintiff seeks damages in the amount of $500,000 from an alleged breach of an exclusivity agreement between the plaintiff and the Company. The Company denies any liability for the alleged breach and intends to defend the matter vigorously. The Company has asserted a counterclaim alleging the plaintiff failed to pay the Company a finder’s fee. In addition, the Company is party to threatened or actual litigation occurring in the normal course of business but does not believe that the outcome of these matters could have a material effect on the Company’s financial statements.

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10. Subsequent Events

On July 1, 2024, the Company entered into a Stock Purchase Agreement (the “Stock Purchase Agreement”) pursuant to which the Company sold 312,500 shares of its common stock, par value $0.001 (“Common Stock”), at a price per share of $4.00 for gross proceeds of $1,250,000. Gust Kepler, a director, our President and Chief Executive Officer, purchased $100,000 of the Common Stock under the terms of the Stock Purchase Agreement. Quadrofoglio Holdings LLC, a Florida limited liability company, purchased the remaining $1,150,000 of Common Stock. The Stock Purchase Agreement contains standard representations and warranties from the Company and the purchasers. The Company had received $1,100,000 of these proceeds prior as of June 30, 2024 and prior to the execution of any definitive agreements with the purchasers. As a result the $1,100,000 was classified as other liabilities on the accompany consolidated condensed balance sheet.

On July 1, 2024, the Company entered into a Convertible Loan Agreement with Evtec Aluminium pursuant to which the Company loaned Evtec Aluminum $1,150,000 (the “Evtec Loan”). The Evtec Loan is unsecured, bears interest at 12% per annum and has a maturity date of one year from the date of issuance. The Evtec Loan is convertible into Evtec Aluminum ordinary shares at the rate of $1,197.92 per share at any time at the option of Blackboxstocks and converts automatically upon the closing of the Share Exchange Agreement (as defined below). If converted, the Evtec Loan converts into approximately 3.2% of the outstanding ordinary shares of Evtec Aluminum inferring a post money valuation of approximately $48,136,000.

On July 3, 2024, the Company and Evtec entered into a First Amendment to Share Exchange Agreement (the “Amendment”) in order to reflect the effects of the Stock Purchase Agreement transaction and the proposed issuance of Evtec warrants in connection with its pre-closing financing efforts. Specifically, the Amendment provides:

●

That the Company will issue replacement warrants to holders of any outstanding warrants to acquire Evtec Aluminium ordinary shares which will permit holders to acquire shares of the Company’s Common Stock on substantially the same terms after adjusting the number of shares issuable and exercise price based upon the Exchange value of Evtec Aluminium ordinary shares and the Exchange Ratio. Evtec Aluminium’s issuance of warrants is subject to approval by the Company in its reasonable discretion.

●

The definition of “Exchange Ratio” was changed to mean initially 294.17 shares of the Company’s Common Stock for each Evtec Aluminum share, which is subject to further adjustment, so that the consideration shares issuable to Evtec Sellers would equal 70.6% of the total outstanding shares of the Company post-Closing

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

We urge you to read the following discussion in conjunction with management’s discussion and analysis contained in our Annual Report on Form 10-K for the year ended December 31, 2023, as well as with our financial statements and the notes thereto included elsewhere herein. In addition to historical financial information, the following discussion and analysis contains forward-looking statements that involve risks, uncertainties and assumptions. Our actual results and timing of selected events may differ materially from those anticipated in these forward-looking statements as a result of many factors, including those discussed in the section titled “Risk Factors” and elsewhere in this Report.

Overview

Blackboxstocks, Inc. is a financial technology and social media hybrid platform offering real-time proprietary analytics and news for stock and options traders of all levels. Our web-based software (the “Blackbox System”) employs “predictive technology” enhanced by artificial intelligence to find volatility and unusual market activity that may result in the rapid change in the price of a stock or option. We continuously scan the New York Stock Exchange (“NYSE”), NASDAQ, Chicago Board Options Exchange (the “CBOE”) and other options markets, analyzing over 10,000 stocks and over 1,500,000 options contracts multiple times per second. We provide our users with a fully interactive social media platform that is integrated into our dashboard, enabling our users to exchange information and ideas quickly and efficiently through a common network. We have also introduced a live audio/video feature that allows our members to broadcast on their own channels to share trading strategies and market insight within the Blackbox community. We employ a subscription based Software as a Service (“SaaS”) business model and maintain a growing base of users that spans over 40 countries.

We believe the Blackbox System is a unique and disruptive financial technology platform combining proprietary analytics and broadcast enabled social media to connect traders of all types worldwide on an intuitive, user-friendly system. The complexity of our backend analytics is neatly hidden from the end user by our simple and easy to navigate dashboard which includes real-time alerts, scanners, financial news, institutional grade charting and proprietary analytics.

We launched the Blackbox System web application for domestic use and made it available to subscribers in September 2016. Subscriptions for the use of the Blackbox System web application are sold on a monthly and/or annual subscription basis to individual consumers through our website at https://blackboxstocks.com.

Our principal office is located at 5430 LBJ Freeway, Suite 1485, Dallas, Texas 75240 and our telephone number is (972) 726-9203. Our Common Stock is quoted on the Nasdaq Stock Market LLC (the “Nasdaq”) under the symbol “BLBX.” Our corporate website is located at https://blackboxstocks.com. We are not including the information contained in our website as part of, or incorporating it by reference into, this Report on Form 10-Q.

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Basis of Presentation

The accompanying financial statements have been prepared in assumption of the continuation of the Company as a going concern, which is dependent upon the Company's ability to obtain sufficient financing or establish itself as a profitable business. For the six months ended June 30, 2024, the Company incurred an operating loss of $1,718,823 and a net loss of $1,741,654. In addition, for the year ended December 31, 2023, the Company incurred an operating loss of $5,297,671 and a net loss of $4,664,455. Cash flows used in operations were $687,198 for the six months ended June 30, 2024, and $3,166,067 for the year ended December 31, 2023. The Company has cash of $1,055,482 as of June 30, 2024.These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The Company has executed a share exchange agreement with Evtec Aluminium Limited (“Evtec Aluminium”), whereby the Company expects to acquire all of the issued and outstanding share capital of Evtec Aluminium with the result of Evtec Aluminium becoming a wholly-owned subsidiary of the Company (the “Exchange”). in the Exchange will be accounted for as a reverse acquisition with Evtec Aluminium being the accounting acquiror. The Company believes that the merger with Evtec Aluminium will attract additional capital investment as Evtec Aluminium is substantially larger than Blackbox and has a strong acquisition pipeline. Management has also implemented a number of initiatives aimed at improving operating cash flow including, new product development, revised marketing strategies and expense reductions. In addition, the Company has historically been able to raise debt or equity financing to meet its capital needs and is also evaluating strategic alternatives with respect to possible mergers or acquisitions. There can be no assurance that the Company’s operational changes will impact its cash flow or if it will be able to raise additional capital or on what terms or if it will be able to execute the planned acquisition of Evtec Aluminium.

Significant Accounting Policies

There have been no changes from the Summary of Significant Accounting Policies described in our Annual Report on Form 10-K for the year ended December 31, 2023, filed with the Securities and Exchange Commission on April 1, 2024.

Liquidity and Capital Resources

At June 30, 2024, we had cash and marketable securities totaling $1,055,482 as compared to cash and marketable securities totaling $475,652 at December 31, 2023. Our cash flows used in operations were $687,198 for the six months ended June 30, 2024, as compared to $2,717,168 for the same period in the prior year.

Net cash from investing activities for the six months ended June 30, 2024, was $3,303 as compared to $2,593,776 for the prior year period. The decrease in the cash flow from investing activities was due to the liquidation of marketable securities in order to fund the Company’s operations during the prior year. The volume of marketable securities includes trading activity in a Company account that was used to research and test specific trading techniques although the account held less than $100,000. We do not expect capital expenditures to be significant for the remainder of 2024.

Net cash provided by financing activities was $1,266,680 for the six months ended June 30, 2024, as compared to net cash used in financing activities of $29,622 for the prior year period. The increase in financing activities was the result of additional funding received in 2024 recorded as other liabilities and merchant cash advances.

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As noted above, the Company intends to pursue the planned acquisition transaction with Evtec Aluminium however there can be no assurance that it will be able to complete the transaction or that such a transaction will provide the Company with sufficient liquidity to fund its operations. In addition, the Company may need to raise additional debt or equity capital in order to fund its operations. There can be no assurance that the Company will be able to do so or on acceptable terms.

Results of Operations

Comparison of Three Months Ended June 30, 2024 and 2023

For the three months ended June 30, 2024, our revenue was $684,712, as compared to $737,398, for the three months ended June 30, 2023. The decline in revenue of 7% was due to fewer subscribers in the current year that was partially offset by higher average revenue per subscriber. Average subscribers for the three months ended June 30, 2024, was 2,983 as compared to 3,987 for the prior year period. Average monthly revenue per subscriber was $72.18 for the three months ended June 30, 2024, as compared to $61.42 in the prior year period. The increase in average revenue per subscriber was due to a large promotion with heavily discounted memberships in the second quarter of 2023.

Cost of revenues for the three months ended June 30, 2024, and 2023 were $356,017 and $426,975, resulting in gross margins of 48% and 42%, respectively. The primary components of cost of revenues include costs related to data and news feed expenses for exchange information which comprise the majority of the costs, as well as the costs for program moderators. The gross margin percentage is expected to remain between 45% and 50%.

For the three months ended June 30, 2024, operating expenses were $1,183,552 as compared to $1,741,722 for the same period in 2023, a decrease of $558,170 or 32%. We significantly reduced expenditures in software development costs, advertising and marketing and selling general and administrative expenses for the 2024 period. Selling, general and administrative expenses decreased from $1,350,378 for the three months ended June 30, 2023, to $938,249 for the three months ended June 30, 2024, a decrease of $412,129 or 31%. The decrease was primarily driven by lower stock-based compensation expense which was partially offset by higher professional fees associated with the pending Exchange with Evtec Aluminum. Advertising and marketing expenses decreased by $41,752 or 27% from $153,415 for the three months ended June 30, 2023, to $111,663 for the three months ended June 30, 2024, as the Company continues to reposition its marketing strategy. Software development costs decreased by $126,608 or 56% from $227,250 in the three months ended June 30, 2023, to $100,642 for the three months ended June 30, 2024. The decreased software development costs reflected lower development costs for our new product Stock Nanny.

Our loss from operations for the three months ended June 30, 2024, was $854,857 as compared to a loss from operations of $1,431,299 for the prior year period. The improvement in the loss from operations was driven by lower operating expenses and was partially offset by the lower sales.

Comparison of Six Months Ended June 30, 2024 and 2023

For the six months ended June 30, 2024, our revenue was $1,332,722, as compared to $1,589,638, for the six months ended June 30, 2023. The decline in revenue of 16% was due to fewer subscribers in the current year that was partially offset by higher average revenue per subscriber. Average subscribers for the six months ended June 30, 2024, was 2,989 as compared to 3,756 for the prior year period. Average monthly revenue per subscriber was $74.30 for the six months ended June 30, 2024, as compared to $70.53 in the prior year period. The increase in average revenue per subscriber was due to a large promotion with heavily discounted memberships in the second quarter of 2023.

Cost of revenues for the six months ended June 30, 2024, and 2023 were $713,975 and $874,606, resulting in gross margins of 46% and 45%, respectively. The primary components of cost of revenues include costs related to data and news feed expenses for exchange information which comprise the majority of the costs, as well as the costs for program moderators. The gross margin percentage is expected to remain between 45% and 50%.

For the six months ended June 30, 2024, operating expenses were $2,338,980 as compared to $4,099,899 for the same period in 2023, a decrease of $1,760,919 or 43%. We significantly reduced expenditures in software development costs, advertising and marketing and selling general and administrative expenses for the 2024 period. Selling, general and administrative expenses decreased from $3,128,012 for the six months ended June 30, 2023, to $1,844,178 for the six months ended June 30, 2024, a decrease of $1,283,834 or 41%. The decrease was primarily driven by lower stock-based compensation expense which was partially offset by higher professional fees associated with the pending Exchange with Evtec Aluminum. Advertising and marketing expenses decreased by $124,010 or 34% from $368,396 for the six months ended June 30, 2023, to $244,386 for the six months ended June 30, 2024, as the Company continues to reposition its marketing strategy. Software development costs decreased by $373,249 or 64% from $582,294 in the six months ended June 30, 2023, to $209,045 for the six months ended June 30, 2024. The decreased software development costs reflected lower development costs for our new product Stock Nanny.

Our loss from operations for the six months ended June 30, 2024, was $1,718,823 as compared to a loss from operations of $3,378,103 for the prior year period. The improvement in the loss from operations was driven by lower operating expenses and was partially offset by the lower sales.

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EBITDA (Non-GAAP Financial Measure)

We report our financial results in accordance with accounting principles generally accepted in the United States of America (“GAAP”). However, management believes the presentation of certain non-GAAP financial measures provides useful information to management and investors regarding financial and business trends relating to the Company’s financial condition and results of operations, and that when GAAP financial measures are viewed in conjunction with the non-GAAP financial measures, investors are provided with a more meaningful understanding of the Company’s ongoing operating performance. In addition, these non-GAAP financial measures are among the primary indicators management uses (i) to compare operating performance on a consistent basis, (ii) for planning purposes including the preparation of its internal annual operating budget and (iii) as a basis for evaluating performance. For all non-GAAP financial measures in this release, we have provided corresponding GAAP financial measures for comparative purposes in the report.

EBITDA is defined by us as net income (loss) before interest expense, income tax, depreciation and amortization expense and certain non-cash. EBITDA is not a measure of operating performance under GAAP and therefore should not be considered in isolation nor construed as an alternative to operating profit, net income (loss) or cash flows from operating, investing or financing activities, each as determined in accordance with GAAP. Also, EBITDA should not be considered as a measure of liquidity. Moreover, since EBITDA is not a measurement determined in accordance with GAAP, and thus is susceptible to varying interpretations and calculations, EBITDA, as presented, may not be comparable to similarly titled measures presented by other companies.

The following table sets forth a reconciliation of net loss to EBITDA:

	Three Months Ended June 30,
	2024			2023
Net loss	$	(877,943	)	$	(1,424,494	)
Adjustments:
Interest expense		74			149
Investment income		-			(6,952	)
Depreciation and amortization expense		3,038			10,679
Financing costs		23,012			-
Stock based compensation		104,666			405,635
Total adjustments	$	130,790		$	409,511
EBITDA	$	(747,153	)	$	(1,014,983	)

	Six Months Ended June 30,
	2024			2023
Net loss	$	(1,741,654	)	$	(3,324,862	)
Adjustments:
Interest expense		167			312
Investment income		(348	)		(53,553	)
Depreciation and amortization expense		11,411			21,197
Financing costs		23,012			-
Stock based compensation		219,332			1,173,761
Total adjustments	$	253,574		$	1,141,717
EBITDA	$	(1,488,080	)	$	(2,183,145	)

Table of Contents

Off Balance Sheet Arrangements

As of June 30, 2024, we did not have any material off-balance sheet arrangements.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

We are a “smaller reporting company” as defined by Rule 12b-2 of the Exchange Act, and as such, we are not required to provide the information required under this Item.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Gust Kepler, our principal executive officer and Robert Winspear, our principal financial officer, conducted an evaluation of the effectiveness of the design and operation of the Company's disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) promulgated under the Exchange Act) as of June 30, 2024, pursuant to Exchange Act Rule 13a-15. Such disclosure controls and procedures are designed to ensure that information required to be disclosed by the Company is accumulated and communicated to the appropriate management on a basis that permits timely decisions regarding disclosure. Based upon that evaluation, our principal executive officer and principal financial officer concluded that the Company's disclosure controls and procedures as of June 30, 2024, were effective to provide reasonable assurance that information required to be disclosed in the Company’s periodic filings under the Exchange Act is accumulated and communicated to our management to allow timely decisions regarding required disclosure.

Changes in Internal Control Over Financial Reporting

There were no changes in our internal controls over financial reporting during the quarter ended June 30, 2024, that have materially affected or are reasonably likely to materially affect our internal controls over financial reporting.

Limitations on the Effectiveness of Controls

Our disclosure controls and procedures provide our principal executive officer and principal financial officer with reasonable assurances that our disclosure controls and procedures will achieve their objectives. However, our management does not expect that our disclosure controls and procedures or our internal control over financial reporting can or will prevent all human error. A control system, no matter how well designed and implemented, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Furthermore, the design of a control system must reflect the fact that there are internal resource constraints, and the benefit of controls must be weighed relative to their corresponding costs. Because of the limitations in all control systems, no evaluation of controls can provide complete assurance that all control issues and instances of error, if any, within our company are detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur due to human error or mistake. Additionally, controls, no matter how well designed, could be circumvented by the individual acts of specific persons within the organization. The design of any system of controls is also based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated objectives under all potential future conditions.

Table of Contents

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

None.

Item 1A. Risk Factors

Important risk factors that could affect our operations and financial performance, or that could cause results or events to differ from current expectations, are described in Part I, Item 1A, "Risk Factors” of our Annual Report on Form 10-K filed with the SEC on April 1, 2024 for the year ended December 31, 2023, as supplemented by the "Risk Factors" sections in our registration statement on Form S-1 filed with the SEC on October 5, 2021, as amended on November 5, 2021 and the information contained elsewhere in this Report. The risks and uncertainties described within our Form 10-K for the year ended December 31, 2023 and the registration statement, as amended, are not the only risks we face. Additional risks and uncertainties that we are unaware of, or that we currently believe are not material, may also become important factors that adversely affect our business or results of operations.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Table of Contents

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

None.

Item 6. Exhibits

The following exhibits are filed with this Quarterly Report on Form 10-Q or are incorporated by reference as described below.

Exhibit	Description
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	Inline Interactive data files pursuant to Rule 405 of Regulation S-T*
104	Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).

* Filed herewith.

** Furnished herewith

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

August 15, 2024	BLACKBOXSTOCKS INC.

	By:	/s/ Gust Kepler
		Gust Kepler
		President, Chief Executive Officer and Secretary
		(Principal Executive Officer)

	By:	/s/ Robert Winspear
		Robert Winspear
		Chief Financial Officer and Secretary (Principal Financial
		and Accounting Officer)

Table of Contents

EXHIBIT INDEX

Exhibit	Description
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	Inline Interactive data files pursuant to Rule 405 of Regulation S-T*
104	Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).

* Filed herewith.

** Furnished herewith

EXHIBIT 31.1

CERTIFICATION PURSUANT TO

SECTION 302 OF

THE SARBANES-OXLEY ACT OF 2002

I, Gust Kepler, certify that:

(1)	I have reviewed this quarterly report on Form 10-Q of Blackboxstocks Inc.;

(2)	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

(3)	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

(4)

The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

	(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	(b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	(c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	(d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

(5)	The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

	(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
	(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

August 15, 2024	/s/ Gust Kepler
	Gust Kepler
	Principal Financial Officer

EXHIBIT 31.2

CERTIFICATION PURSUANT TO

SECTION 302 OF

THE SARBANES-OXLEY ACT OF 2002

I, Robert Winspear, certify that:

(1)	I have reviewed this quarterly report on Form 10-Q of Blackboxstocks Inc.;

(2)	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

(3)	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

(4)

	(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	(b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	(c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	(d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

(5)	The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

	(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
	(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

August 15, 2024	/s/ Robert Winspear
	Robert Winspear
	Principal Financial Officer

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of Blackboxstocks Inc. (the “Company”) on Form 10-Q for the period ended June 30, 2024 (the “Report”), I, Gust Kepler, Principal Executive Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

(1)

The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)

The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

/s/ Gust Kepler

Gust Kepler

Principal Executive Officer

August 15, 2024

This certification accompanies the Report pursuant to §906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by the Sarbanes-Oxley Act of 2002, be deemed filed by the Company or purposes of §18 of the Securities Exchange Act of 1934, as amended.

A signed original of this certification has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

EXHIBIT 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of Blackboxstocks Inc. (the “Company”) on Form 10-Q for the period ended June 30, 2024 (the “Report”), I, Robert Winspear, Principal Financial Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

(1)

The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)

The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

/s/ Robert Winspear

Robert Winspear

Principal Financial Officer

August 15, 2024

A signed original of this certification has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Jun. 30, 2024	Aug. 14, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	001-41051
Entity Registrant Name	BLACKBOXSTOCKS INC.
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	45-3598066
Entity Address, Address Line One	5430 LBJ Freeway, Suite 1485
Entity Address, City or Town	Dallas
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75240
City Area Code	972
Local Phone Number	726-9203
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	BLBX
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		3,517,431
Entity Central Index Key	0001567900
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash	$ 1,055,482	$ 472,697
Accounts receivable, net of allowance for doubtful accounts of $68,589 at June 30, 2024 and December 31, 2023, respectively	17,495	18,212
Inventory	3,464	3,464
Marketable securities	0	2,955
Other receivable	0	475,000
Prepaid expenses and other current assets	50,375	35,161
Total current assets	1,126,816	1,007,489
Property and equipment:
Right of use lease	318,636	344,370
Total property and equipment	329,566	396,651
Investments	8,424,000	8,424,000
Total assets	9,880,382	9,828,140
Current liabilities:
Accounts payable	1,154,315	842,404
Accrued interest	1,613	1,613
Unearned subscriptions	917,954	1,295,514
Lease liability right of use, current	61,725	64,818
Note payable, current portion	25,139	28,064
Merchant cash advance, net of discount	182,655	0
Other liabilities	1,500,000	0
Total current liabilities	3,843,401	2,232,413
Long term liabilities:
Lease liability right of use, long term	262,543	287,417
Total long term liabilities	262,543	298,967
Commitments and Contingencies
Stockholders' equity
Common stock, $0.001 par value, 100,000,000 shares authorized: 3,215,528 and 3,223,015 issued and outstanding at June 30, 2024 and December 31, 2023, respectively	3,215	3,223
Treasury stock	0	(27,650)
Additional paid in capital	26,994,498	26,802,808
Accumulated deficit	(21,226,545)	(19,484,891)
Total stockholders' equity	5,774,438	7,296,760
Total liabilities and stockholders' equity	9,880,382	9,828,140
Undesignated Preferred Stock [Member]
Stockholders' equity
Preferred stock	0	0
Series A Preferred Stock [Member]
Stockholders' equity
Preferred stock	3,270	3,270
Series B Preferred Stock [Member]
Stockholders' equity
Preferred stock	0	0
Related Party [Member]
Long term liabilities:
Note payable	0	11,550
Machinery and Equipment [Member]
Property and equipment:
Property and equipment, net	$ 10,930	$ 52,281

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Accounts receivable, allowance for doubtful accounts	$ 68,589	$ 68,589
Preferred stock, par value (in dollars per share)	$ 0.001
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common Stock, Shares, Issued (in shares)	3,215,528	3,223,015
Common Stock, Shares, Outstanding (in shares)	3,215,528	3,223,015
Undesignated Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
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
Series A Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred Stock, Shares Issued (in shares)	3,269,998	3,269,998
Preferred stock, shares outstanding (in shares)	3,269,998	3,269,998
Series B Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred Stock, Shares Issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenue:
Revenue	$ 684,712	$ 737,398	$ 1,334,132	$ 1,596,402
Cost of revenues	356,017	426,975	713,975	874,606
Gross margin	328,695	310,423	620,157	721,796
Operating expenses:
Software development costs	100,642	227,250	209,045	582,294
Selling, general and administrative	938,269	1,350,378	1,844,198	3,128,012
Advertising and marketing	111,663	153,415	244,386	368,396
Loss on disposition of fixed assets	29,940	0	29,940	0
Depreciation and amortization	3,038	10,679	11,411	21,197
Total operating expenses	1,183,552	1,741,722	2,338,980	4,099,899
Operating loss	(854,857)	(1,431,299)	(1,718,823)	(3,378,103)
Other (income) expense:
Interest expense	74	147	167	312
Financing costs	23,012	(0)	23,012	(0)
Investment (income) loss	0	(6,952)	(348)	(53,553)
Total other (income) expense	(23,086)	(6,805)	(22,831)	(53,241)
Loss before income taxes	(877,943)	(1,424,494)	(1,741,654)	(3,324,862)
Income Taxes	0	0	0	0
Net loss	$ (877,943)	$ (1,424,494)	$ (1,741,654)	$ (3,324,862)
Weighted average number of common shares outstanding - basic (in shares)	3,226,251	3,158,593	3,225,724	3,231,203
Net loss per share - basic (in dollars per share)	$ (0.27)	$ (0.45)	$ (0.54)	$ (1.03)
Subscription and Circulation [Member]
Revenue:
Revenue	$ 683,952	$ 734,648	$ 1,332,722	$ 1,589,638
Product and Service, Other [Member]
Revenue:
Revenue	$ 760	$ 2,750	$ 1,410	$ 6,764

Statements of Stockholders' Equity (Deficit) - USD ($)	Preferred Stock [Member] Series A Preferred Stock [Member]	Preferred Stock [Member] Series B Preferred Stock [Member]	Preferred Stock [Member]	Common Stock [Member]	Common Stock Payable [Member]	Treasury Stock, Common [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balances (in shares) at Dec. 31, 2022	3,269,998	0	0	3,298,033
Balances at Dec. 31, 2022	$ 3,270	$ 0	$ 0	$ 3,298	$ 23,340	$ (1,102,375)	$ 18,070,556	$ (14,820,436)	$ 2,177,653
Purchase of treasury stock						(79,100)			(79,100)
Retirement of treasury stock (in shares)				(454,441)
Retirement of treasury stock				$ (454)		1,181,475	(1,181,021)		0
Vesting of warrants for compensation							31,880		31,880
Vestingof options for compensation							61,464		61,464
Vesting of stock for compensation (in shares)				282,501
Vesting of stock for compensation				$ 282	19,380		655,120		674,782
Net loss								(1,900,368)	(1,900,368)
Balances (in shares) at Mar. 31, 2023	3,269,998	0	0	3,126,093
Balances at Mar. 31, 2023	$ 3,270	$ 0	$ 0	$ 3,126	42,720	0	17,637,999	(16,720,804)	966,311
Balances (in shares) at Dec. 31, 2022	3,269,998	0	0	3,298,033
Balances at Dec. 31, 2022	$ 3,270	$ 0	$ 0	$ 3,298	23,340	(1,102,375)	18,070,556	(14,820,436)	2,177,653
Net loss									(3,324,862)
Balances (in shares) at Jun. 30, 2023	3,269,998	2,400,000	0	3,184,685
Balances at Jun. 30, 2023	$ 3,270	$ 2,400	$ 0	$ 3,185	0	(15,291)	26,520,145	(18,145,298)	8,368,411
Balances (in shares) at Dec. 31, 2022	3,269,998	0	0	3,298,033
Balances at Dec. 31, 2022	$ 3,270	$ 0	$ 0	$ 3,298	23,340	(1,102,375)	18,070,556	(14,820,436)	2,177,653
Net loss									(4,664,455)
Balances (in shares) at Dec. 31, 2023	3,269,998	0	0	3,223,015
Balances at Dec. 31, 2023	$ 3,270	$ 0	$ 0	$ 3,223	0	(27,650)	26,802,808	(19,484,891)	7,296,760
Balances (in shares) at Mar. 31, 2023	3,269,998	0	0	3,126,093
Balances at Mar. 31, 2023	$ 3,270	$ 0	$ 0	$ 3,126	42,720	0	17,637,999	(16,720,804)	966,311
Purchase of treasury stock						(15,291)			(15,291)
Vesting of warrants for compensation							31,880		31,880
Vestingof options for compensation							245,810		245,810
Vesting of stock for compensation (in shares)				49,754
Vesting of stock for compensation				$ 50	(42,720)		182,865		140,195
Net loss								(1,424,494)	(1,424,494)
Issuance of stock for fractional shares resulting from reverse split (in shares)				8,838
Issuance of stock for fractional shares resulting from reverse split				$ 9
Issuance of stock for fractional shares resulting from reverse split							(9)		0
Issuance of stock for investment (in shares)		2,400,000
Issuance of stock for investment		$ 2,400					8,421,600		8,424,000
Balances (in shares) at Jun. 30, 2023	3,269,998	2,400,000	0	3,184,685
Balances at Jun. 30, 2023	$ 3,270	$ 2,400	$ 0	$ 3,185	0	(15,291)	26,520,145	(18,145,298)	8,368,411
Balances (in shares) at Dec. 31, 2023	3,269,998	0	0	3,223,015
Balances at Dec. 31, 2023	$ 3,270	$ 0	$ 0	$ 3,223	0	(27,650)	26,802,808	(19,484,891)	7,296,760
Vesting of warrants for compensation							31,880		31,880
Vestingof options for compensation							65,286		65,286
Vesting of stock for compensation (in shares)				3,120
Vesting of stock for compensation				$ 3			17,497		17,500
Net loss								(863,711)	(863,711)
Balances (in shares) at Mar. 31, 2024	3,269,998	0	0	3,226,135
Balances at Mar. 31, 2024	$ 3,270	$ 0	$ 0	$ 3,226	0	(27,650)	26,917,471	(20,348,602)	6,547,715
Balances (in shares) at Dec. 31, 2023	3,269,998	0	0	3,223,015
Balances at Dec. 31, 2023	$ 3,270	$ 0	$ 0	$ 3,223	0	(27,650)	26,802,808	(19,484,891)	7,296,760
Net loss									(1,741,654)
Balances (in shares) at Jun. 30, 2024	3,269,998	0	0	3,215,528
Balances at Jun. 30, 2024	$ 3,270	$ 0	$ 0	$ 3,215	0	0	26,994,498	(21,226,545)	5,774,438
Balances (in shares) at Mar. 31, 2024	3,269,998	0	0	3,226,135
Balances at Mar. 31, 2024	$ 3,270	$ 0	$ 0	$ 3,226	0	(27,650)	26,917,471	(20,348,602)	6,547,715
Retirement of treasury stock (in shares)				(10,607)
Retirement of treasury stock				$ (11)		27,650	(27,639)		0
Vesting of warrants for compensation							31,880		31,880
Vestingof options for compensation							65,286		65,286
Vesting of stock for compensation							7,500		7,500
Net loss								(877,943)	(877,943)
Balances (in shares) at Jun. 30, 2024	3,269,998	0	0	3,215,528
Balances at Jun. 30, 2024	$ 3,270	$ 0	$ 0	$ 3,215	$ 0	$ 0	$ 26,994,498	$ (21,226,545)	$ 5,774,438

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Cash flows from operating activities:
Net loss	$ (877,943)	$ (863,711)	$ (1,424,494)	$ (1,900,368)	$ (1,741,654)	$ (3,324,862)	$ (4,664,455)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense					11,411	21,197
Financing costs	23,012		(0)		23,012	(0)
Stock based compensation					219,332	1,173,761
Loss on disposition of fixed assets	29,940		0		29,940	0
Right of use lease					(2,233)	0
Investment (income) loss	0		(6,952)		(348)	(53,553)
Changes in operating assets and liabilities:
Accounts receivable					717	(230,345)
Other receivable					475,000	0
Inventory					0	0
Prepaid expenses and other current assets					(15,214)	(33,702)
Accounts payable					290,399	32,248
Other liabilities					400,000	0
Unearned subscriptions					(377,560)	(301,912)
Net cash used in operating activities					(687,198)	(2,717,168)	(3,166,067)
us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract
Purchase of property and equipment					0	(2,883)
Purchase of marketable securities					(9,273)	(5,417,253)
Sale of marketable securities					12,576	8,013,912
Net cash provided by investing activities					3,303	2,593,776
Cash flows from financing activities:
Proceeds from other liabilities					1,100,000	0
Proceeds from merchant cash advance					198,500	0
Principal payments on notes payable					(14,475)	(14,331)
Payments on merchant cash advance					(17,345)	0
blbx_PaymentsForCommonStockSubscribed						15,291
Net cash provided by (used in) financing activities					1,266,680	(29,622)
Net increase (decrease) in cash					582,785	(153,014)
Cash - beginning of period		$ 472,697		$ 425,578	472,697	425,578	425,578
Cash - end of period	$ 1,055,482		$ 272,564		1,055,482	272,564	$ 472,697
Supplemental disclosures:
Interest paid					167	312
Income taxes paid					0	0
Non-cash investing and financing activities:
Treasury stock purchased from related party with other assets					0	79,100
Retirement of treasury stock					0	1,181,475
Issuance of stock for investment					$ 0	$ 8,424,000

Note 1 - Organization

6 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

1. Organization

The Company is listed on the Nasdaq Capital Market (“Nasdaq”) under the symbol “BLBX”.

Note 2 - Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Significant Accounting Policies [Text Block]

2. Summary of Significant Accounting Policies

Segments. The Company operates as a single segment.

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.

Recently Issued Accounting Pronouncements.

The Company had total potential additional dilutive securities outstanding at June 30, 2024, as follows.

Series A Convertible Preferred Shares			3,269,998
Conversion rate			0.2
Common shares after conversion			654,000
Option shares			200,875
Warrant shares			93,238

Note 3 - Investments

6 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Investment [Text Block]

3. Investments

Investments

Note 4 - Stockholders' Equity

6 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Equity [Text Block]

4. Stockholders’ Equity

	●	If the Company’s Market Capitalization is less than $150,000,000, the outstanding Series A Stock will be convertible into Common Stock on a 5-for-1 share basis;
	●	If the Company’s Market Capitalization is equal to or greater than $150,000,000 but less than $200,000,000, the outstanding Series A Stock will be convertible into Common Stock on a 3.3-for-1 share basis;
	●	If the Company’s Market Capitalization is equal to or greater than $200,000,000 but less than $250,000,000, the outstanding Series A Stock will be convertible into Common Stock on a 2.5-for-1 share basis;
	●	If the Company’s Market Capitalization is equal to or greater than $250,000,000 but less than $350,000,000 the outstanding Series A Stock will be convertible into Common Stock on a 1.75-for-1 share basis;
	●	If the Company’s Market Capitalization is equal to or greater than $350,000,000 the outstanding Series A Stock will thereafter convertible into Common Stock pursuant to the Designation Conversion Rights (on a 1-for-1 share basis).

The Conversion Rights Agreement terminates when the last share of Series A Stock is either converted or the largest Market Capitalization Threshold is met.

Note 5 - Warrants to Purchase Common Stock

6 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Share-Based Payment Arrangement [Text Block]

5. Warrants to Purchase Common Stock

The following table presents the Company’s warrants as of June 30, 2024:

	Number of Shares			Weighted Average Exercise Price		Weighted Average Remaining Life (in years)
Warrants as of December 31, 2023		109,584		$	13.25		3.53
Issued		-		$	-		-
Forfeited		(16,346	)	$	7.80		-
Exercised		-		$	-		-
Warrants as of June 30, 2024		93,238		$	14.20		3.59

Note 6 - Incentive Stock Plan

6 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Share-Based Payment Arrangement [Text Block]

5. Warrants to Purchase Common Stock

The following table presents the Company’s warrants as of June 30, 2024:

	Number of Shares			Weighted Average Exercise Price		Weighted Average Remaining Life (in years)
Warrants as of December 31, 2023		109,584		$	13.25		3.53
Issued		-		$	-		-
Forfeited		(16,346	)	$	7.80		-
Exercised		-		$	-		-
Warrants as of June 30, 2024		93,238		$	14.20		3.59

Share-Based Payment Arrangement, Option [Member]

Notes to Financial Statements

Share-Based Payment Arrangement [Text Block]

6. Incentive Stock Plan

The following table presents the Company’s options as of June 30, 2024:

Options as of December 31, 2023	215,625		$	8.97	8.37
Issued	-		$	-	-
Forfeited	(14,750	)	$	6.23	8.83
Exercised	-		$	-	-
Options as of June 30, 2024	200,875		$	9.17	7.83

Note 7 - Related Party Transactions

6 Months Ended

Jun. 30, 2024

Notes to Financial Statements

7. Related Party Transactions

Note 8 - Debt

6 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Debt Disclosure [Text Block]

8. Debt

Note Payable

Merchant Cash Advance

Note 9 - Commitments and Contingencies

6 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

9. Commitments and Contingencies

The table below shows the future lease payment obligations:

Year Ending December 31,	Amount
2024	$	45,309
2025		91,122
2026		93,136
2027		95,150
2028		72,495
Total remaining lease payments	$	397,212
Less: imputed interest		(72,944	)
Present Value of remaining lease payments	$	324,268

Current	$	61,725
Noncurrent	$	262,543

Weighted-average remaining lease term (years)		4.50
Weighted-average discount rate		10.00	%

Note 10 - Subsequent Events

6 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Subsequent Events [Text Block]

10. Subsequent Events

●

Insider Trading Arrangements	6 Months Ended
Insider Trading Arrangements	Jun. 30, 2024
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	Item 5. Other Information None.
Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2024

Accounting Policies [Abstract]

Basis of Accounting, Policy [Policy Text Block]

Consolidation, Policy [Policy Text Block]

Use of Estimates, Policy [Policy Text Block]

Segment Reporting, Policy [Policy Text Block]

Segments. The Company operates as a single segment.

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.

Marketable Securities, Policy [Policy Text Block]

New Accounting Pronouncements, Policy [Policy Text Block]

Recently Issued Accounting Pronouncements. Recently Issued Accounting Pronouncements. In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2023-09 (“ASU 2023-09”), Income Taxes, which enhances the transparency of income tax disclosures by expanding annual disclosure requirements related to the rate reconciliation and income taxes paid. The amendments are effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. The amendments should be applied on a prospective basis. Retrospective application is permitted. The Company is currently evaluating this ASU to determine its impact on the Company’s disclosures. In November 2023, the FASB issued Accounting Standards Update 2023-07 (“ASU 2023-07”), Segment Reporting, which improves reportable segment disclosure requirements. ASU 2023-07 primarily enhances disclosures about significant segment expenses by requiring that a public entity disclosure significant segment expenses that are regularly provided to the Chief Operating Decision Maker (“CODM”) and included within each reported measure of segment profit or loss. This ASU also (i) requires that a public entity disclose, on an annual and interim basis, an amount for other segment items by reportable segment, and a description of its composition; (ii) requires that all annual disclosures are provided in the interim periods; (iii) clarifies that if the CODM uses more than one measure of profitability in assessing segment performance and deciding how to allocate resources, that one or more of those measures may be reported; (iv) requires disclosure of the title and position of the CODM and a description of how the reported measures are used by the CODM in assessing segment performance and in deciding how to allocate resources; (v) requires that an entity with a single segment provide all new required disclosures. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024 and requires retrospective application. Early adoption is permitted. The amendments under ASU 2023-07 relate to financial disclosures and its adoption will not have an impact on the Company’s results of operations, financial position or cash flows. The Company will adopt ASU 2023-07 for the annual reporting period ending December 31, 2024 and for interim reporting periods thereafter. Adoption is not expected to have any impact on the Company’s disclosures.

Earnings Per Share, Policy [Policy Text Block]

The Company had total potential additional dilutive securities outstanding at June 30, 2024, as follows.

Series A Convertible Preferred Shares			3,269,998
Conversion rate			0.2
Common shares after conversion			654,000
Option shares			200,875
Warrant shares			93,238

Revenue from Contract with Customer [Policy Text Block]

Note 2 - Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2024

Notes Tables

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

Series A Convertible Preferred Shares			3,269,998
Conversion rate			0.2
Common shares after conversion			654,000
Option shares			200,875
Warrant shares			93,238

Note 5 - Warrants to Purchase Common Stock (Tables)

6 Months Ended

Jun. 30, 2024

Notes Tables

Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]

	Number of Shares			Weighted Average Exercise Price		Weighted Average Remaining Life (in years)
Warrants as of December 31, 2023		109,584		$	13.25		3.53
Issued		-		$	-		-
Forfeited		(16,346	)	$	7.80		-
Exercised		-		$	-		-
Warrants as of June 30, 2024		93,238		$	14.20		3.59

Note 6 - Incentive Stock Plan (Tables)

6 Months Ended

Jun. 30, 2024

Notes Tables

Share-Based Payment Arrangement, Option, Activity [Table Text Block]

Options as of December 31, 2023	215,625		$	8.97	8.37
Issued	-		$	-	-
Forfeited	(14,750	)	$	6.23	8.83
Exercised	-		$	-	-
Options as of June 30, 2024	200,875		$	9.17	7.83

Note 9 - Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2024

Notes Tables

Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]

Year Ending December 31,	Amount
2024	$	45,309
2025		91,122
2026		93,136
2027		95,150
2028		72,495
Total remaining lease payments	$	397,212
Less: imputed interest		(72,944	)
Present Value of remaining lease payments	$	324,268

Current	$	61,725
Noncurrent	$	262,543

Weighted-average remaining lease term (years)		4.50
Weighted-average discount rate		10.00	%

Note 1 - Organization (Details Textual) - $ / shares	Jun. 30, 2024	Apr. 01, 2024	Dec. 31, 2023	Dec. 12, 2023
Common stock, par value (in dollars per share)	$ 0.001		$ 0.001	$ 0.001
Preferred stock, par value (in dollars per share)	0.001
Series A Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.001		$ 0.001
Contribution Agreement [Member] \| Blackbox.io Inc. [Member]
Common stock, par value (in dollars per share)		$ 0.001
Contribution Agreement [Member] \| Blackbox.io Inc. [Member] \| Series A Preferred Stock [Member]
Preferred stock, par value (in dollars per share)		$ 0.001
Contribution Agreement [Member] \| Common Stock [Member] \| Blackbox.io Inc. [Member]
Investment Owned, Balance, Shares (in shares)		3,226,145
Contribution Agreement [Member] \| Series A Convertible Preferred Stock [Member] \| Blackbox.io Inc. [Member] \| Series A Preferred Stock [Member]
Investment Owned, Balance, Shares (in shares)		3,369,998

Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($)	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Operating Income (Loss)	$ (854,857)		$ (1,431,299)		$ (1,718,823)	$ (3,378,103)	$ (5,297,671)
Net loss	(877,943)	$ (863,711)	$ (1,424,494)	$ (1,900,368)	(1,741,654)	(3,324,862)	(4,664,455)
Net Cash Provided by (Used in) Operating Activities, Total					(687,198)	$ (2,717,168)	$ (3,166,067)
Cash and Cash Equivalents, at Carrying Value	$ 1,055,482				$ 1,055,482

Note 2 - Summary of Significant Accounting Policies - Potential Additional Dilutive Securities (Details)	6 Months Ended
	Jun. 30, 2024 shares
Conversion rate	0.2
Common shares after conversion (in shares)	654,000
Warrant [Member]
Warrant shares (in shares)	93,238
Share-Based Payment Arrangement, Nonemployee [Member]
Option shares (in shares)	200,875
Series A Preferred Stock [Member]
Convertible Preferred Shares (in shares)	3,269,998

Note 3 - Investments (Details Textual) - USD ($)	Dec. 12, 2023	Nov. 28, 2023	Jun. 09, 2023	Jun. 30, 2024	Dec. 31, 2023
Share Price			$ 3.51
Extension Amount			$ 400,000
Common stock, par value (in dollars per share)	$ 0.001			$ 0.001	$ 0.001
Capital Raise Benchmark	$ 5,000,000
Ownership, Percentage of Aggregate Common Stock	73.20%
Series B Preferred Stock Converted into Common Stock [Member]
Convertible Preferred Stock, Shares Issued upon Conversion				1
Series B Preferred Stock Converted into Common Stock [Member] \| Evtec [Member]
Conversion of Stocks, Percentage of Total Common Stock Outstanding			43.00%
Conversion of Evtec Group Preferred Shares into Ordinary Shares [Member] \| Evtec [Member]
Convertible Preferred Stock, Shares Issued upon Conversion			1
Conversion of Preferred Stock Pursuant to Securities Exchange Agreement into Ordinary Share Member
Conversion of Stock, Shares Converted		4,086	4,086
Evtec [Member]
Investment Owned, Balance, Shares (in shares)			4,086
Investment Owned, Balance, Percentage of Total Outstanding Common Stock			13.00%
Investment Owned, Cost			$ 8,424,000
Investment Owned, Fair Value			8,424,000
Extension Fee			400,000
Evtec [Member]
Legal Fees			$ 175,000
Preferred Stock Issued in Exchange for Preferred Shares From Other Company [Member]
Accounts Receivable, after Allowance for Credit Loss					$ 475,000
Preferred Stock Issued in Exchange for Preferred Shares From Other Company [Member] \| Related Party [Member]
Accounts Receivable, after Allowance for Credit Loss				$ 0
Preferred Stock Issued in Exchange for Preferred Shares From Other Company [Member] \| Evtec [Member]
Stock Issued During Period, Shares, New Issues			2,400,000
Shares Issued, Shares, Share-Based Payment Arrangement, Forfeited		2,400,000	2,400,000

Note 4 - Stockholders' Equity (Details Textual)	6 Months Ended
Note 4 - Stockholders' Equity (Details Textual)	Jun. 30, 2024 $ / shares shares	Dec. 31, 2023 $ / shares shares	Dec. 12, 2023 $ / shares	Oct. 14, 2021 USD ($) shares
Preferred stock, par value (in dollars per share) \| $ / shares	$ 0.001
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, par value (in dollars per share) \| $ / shares	$ 0.001	$ 0.001	$ 0.001
One for Five Share Basis [Member]
Convertible Preferred Stock, Shares Issued upon Conversion				5
One for Three Point ThreeShare Basis [Member]
Convertible Preferred Stock, Shares Issued upon Conversion				3.3
One for Two Point Five Share Basis [Member]
Convertible Preferred Stock, Shares Issued upon Conversion				2.5
One For One Point Seven Five Share Basis [Member]
Convertible Preferred Stock, Shares Issued upon Conversion				1.75
Series B Preferred Stock Converted into Common Stock [Member]
Convertible Preferred Stock, Shares Issued upon Conversion	1
Conversion of Preferred Stock, Maximum Conversion Allowed, Percentage of Outstanding Common Stock	19.90%
Total Preferred Stock [Member]
Preferred stock, shares authorized (in shares)	10,000,000
Series A Preferred Stock [Member]
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, par value (in dollars per share) \| $ / shares	$ 0.001	$ 0.001
Preferred Stock, Number of Votes Per Share	100
Preferred stock, shares outstanding (in shares)	3,269,998	3,269,998
Convertible Preferred Stock, Shares Issued upon Conversion				1
Series A Preferred Stock [Member] \| Maximum [Member] \| One for Five Share Basis [Member]
Market Capitalization, Conversion Threshold, Value \| $				$ 150,000,000
Series A Preferred Stock [Member] \| Maximum [Member] \| One for Three Point ThreeShare Basis [Member]
Market Capitalization, Conversion Threshold, Value \| $				200,000,000
Series A Preferred Stock [Member] \| Maximum [Member] \| One for Two Point Five Share Basis [Member]
Market Capitalization, Conversion Threshold, Value \| $				250,000,000
Series A Preferred Stock [Member] \| Maximum [Member] \| One For One Point Seven Five Share Basis [Member]
Market Capitalization, Conversion Threshold, Value \| $				350,000,000
Series A Preferred Stock [Member] \| Minimum [Member] \| One for Three Point ThreeShare Basis [Member]
Market Capitalization, Conversion Threshold, Value \| $				150,000,000
Series A Preferred Stock [Member] \| Minimum [Member] \| One for Two Point Five Share Basis [Member]
Market Capitalization, Conversion Threshold, Value \| $				200,000,000
Series A Preferred Stock [Member] \| Minimum [Member] \| One For One Point Seven Five Share Basis [Member]
Market Capitalization, Conversion Threshold, Value \| $				250,000,000
Series A Preferred Stock [Member] \| Minimum [Member] \| One For One Share Basis [Member]
Market Capitalization, Conversion Threshold, Value \| $				$ 350,000,000
Series B Convertible Preferred Stock [Member]
Preferred stock, shares authorized (in shares)	2,400,000
Series B Preferred Stock [Member]
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, par value (in dollars per share) \| $ / shares	$ 0.001	$ 0.001
Preferred stock, shares outstanding (in shares)	0	0

Note 5 - Warrants to Purchase Common Stock (Details Textual)	Jun. 30, 2024 USD ($) shares
Class of Warrant or Right, Number of Securities Called by Warrants or Rights, Vested	91,849
Class of Warrant or Right, Number of Securities Called by Warrants or Rights, Unvested	1,389
Warrant, Nonvested, Cost Not yet Recognized, Amount \| $	$ 21,256

Note 5 - Warrants to Purchase Common Stock - Warrant Activity (Details) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Warrants, number of shares (in shares)		109,584
Warrants, average remaining life (Year)	3 years 7 months 2 days	3 years 6 months 10 days
Issued, number of shares (in shares)	0
Forfeited (in shares)	(16,346)
Forfeited (in dollars per share)	$ 7.8
Exercised, number of shares (in shares)	0
Warrants, number of shares (in shares)	93,238
Warrants, exercise price (in dollars per share)	$ 14.2
Minimum [Member]
Warrants, exercise price (in dollars per share)		$ 13.25
Issued, exercise price (in dollars per share)	0
Exercised, exercise price (in dollars per share)	$ 0

Note 6 - Incentive Stock Plan (Details Textual) - The 2021 Incentive Stock Plan [Member] - USD ($)	Jun. 30, 2024	Feb. 06, 2023	Oct. 07, 2022	Oct. 06, 2022
Common Stock, Capital Shares Reserved for Future Issuance		612,500	312,500	187,500
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number	190,174
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Nonvested, Number of Shares	10,701
Share-Based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount	$ 68,257

Note 6 - Incentive Stock Plan - Option Activity Under Stock Plan (Details) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Options, weighted average remaining life (Year)	7 years 9 months 29 days
Options, number (in shares)	200,875
Options, weighted average exercise price (in dollars per share)	$ 9.17
The 2021 Incentive Stock Plan [Member]
Options, number (in shares)		215,625
Options, weighted average exercise price (in dollars per share)		$ 8.97
Options, weighted average remaining life (Year)		8 years 4 months 13 days
Issued, number (in shares)	0
Issued, weighted average exercise price (in dollars per share)	$ 0
Forfeited, number (in shares)	(14,750)
Forfeited, weighted average exercise price (in dollars per share)	$ 6.23
Forfeited, weighted average remaining life (Year)	8 years 9 months 29 days
Exercised, number (in shares)	0
Exercised, weighted average exercise price (in dollars per share)	$ 0

Note 7 - Related Party Transactions (Details Textual) - Chief Executive Officer [Member]	Mar. 16, 2023 $ / shares shares
Treasury Stock, Shares, Acquired \| shares	282,501
Shares Acquired, Average Cost Per Share \| $ / shares	$ 0.28

Note 8 - Debt (Details Textual) - USD ($)	May 28, 2024	May 01, 2020	Jun. 30, 2024	Oct. 14, 2021	Aug. 31, 2021
Paycheck Protection Program CARES Act [Member]
Proceeds from Issuance of Long-Term Debt		$ 130,200
Debt Instrument, Interest Rate, Stated Percentage		1.00%		1.00%
Long-Term Debt					$ 96,795
Notes Payable, Noncurrent			$ 25,139
Merchant Cash Advance Agreement [Member]
Proceeds from Short-Term Debt	$ 198,500
Short Term Borrowings, Future Receivables Purchases Total	272,000
Short-term Debt. Weekly Payment Amount	$ 9,714
Short-term Debt, Outstanding Amount			$ 182,655

Note 9 - Commitments and Contingencies (Details Textual)		6 Months Ended
	Jun. 20, 2023 USD ($)	Jun. 30, 2024 USD ($) ft²
Operating Lease, Expense		$ 46,000
Lawsuit Filed By Feenix Payment Systems [Member]
Loss Contingency, Damages Sought, Value	$ 500,000
Expanded Office Space, 5430 LBJ Freeway Dallas Texas [Member]
Area of Real Estate Property \| ft²		2,685

Note 9 - Commitments and Contingencies - Future Lease Payment Obligations (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
2024	$ 45,309
2025	91,122
2026	93,136
2027	95,150
2028	72,495
Total remaining lease payments	397,212
Less: imputed interest	(72,944)
Present Value of remaining lease payments	324,268
Lease liability right of use, current	61,725	$ 64,818
Lease liability right of use, long term	$ 262,543	$ 287,417
Weighted-average remaining lease term (years) (Year)	4 years 6 months
Weighted-average discount rate	10.00%

Note 10 - Subsequent Events (Details Textual) - USD ($)		3 Months Ended
Note 10 - Subsequent Events (Details Textual) - USD ($)	Jul. 01, 2024	Jun. 30, 2024	Jun. 30, 2023	Jul. 03, 2024	Dec. 31, 2023	Dec. 12, 2023
Common stock, par value (in dollars per share)		$ 0.001			$ 0.001	$ 0.001
Stock Issued During Period, Value, New Issues			$ 8,424,000
Stock Purchase Agreement [Member] \| Quadrofoglio Holdings LLC [Member]
Proceeds from Issuance of Common Stock		$ 1,100,000
Other Liabilities		$ 1,100,000
Subsequent Event [Member]
Financing Receivable, before Allowance for Credit Loss	$ 1,150,000
Loans and Leases Receivable, Commitments, Interest Rate	12.00%
Conversion Rate, Per Share (in dollars per share)	$ 1,197.92
Percent of Outstanding Ordinary Shares At Conversion	3.20%
Post Money Value, At Conversion	$ 48,136,000
Share Exchange Rate (in dollars per share)				$ 294.17
Percentage of Total Outstanding Shares				70.60%
Subsequent Event [Member] \| Stock Purchase Agreement [Member]
Stock Issued During Period, Shares, New Issues	312,500
Common stock, par value (in dollars per share)	$ 0.001
Sale of Stock, Price Per Share (in dollars per share)	$ 4
Proceeds from Issuance of Common Stock	$ 1,250,000
Subsequent Event [Member] \| Stock Purchase Agreement [Member] \| Chief Executive Officer [Member]
Stock Issued During Period, Value, New Issues	100,000
Subsequent Event [Member] \| Stock Purchase Agreement [Member] \| Quadrofoglio Holdings LLC [Member]
Stock Issued During Period, Value, New Issues	$ 1,150,000

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